What is S&P Global Inc. (SPGI) DCF Fair Value and Intrinsic Value in 2026?

S&P Global Inc. (SPGI) intrinsic value is calculated using conservative multi-stage Discounted Cash Flow (DCF) models, 5-year free cash flow trajectories, Graham Numbers, and owner earnings multiples. LocalAlpha tracks real-time margin of safety against live market prices.

What is S&P Global Inc.'s historical Return on Invested Capital (ROIC) and Moat Rating?

S&P Global Inc. operates in the Financials sector (Financial Data & Stock Exchanges) with an economic moat rating of WIDE. LocalAlpha tracks 5-year audited quarterly ROIC, operating margin stability, and balance sheet solvency ratios.

What is S&P Global Inc.'s financial health rating and Piotroski F-Score?

S&P Global Inc.'s balance sheet quality is evaluated using the 9-point Piotroski F-Score, Altman Z-Score solvency model, debt-to-equity ratio, and quick/current liquidity coverage to guard against financial distress.

How does LocalAlpha monitor S&P Global Inc. (SPGI) for quarterly SEC filing thesis breaks?

LocalAlpha audits S&P Global Inc.'s 10-K, 10-Q, and 8-K regulatory filings on SEC EDGAR within 15 minutes of release. If reported metrics breach an investor's custom ROIC floor, operating margin boundary, or qualitative risk criteria, an autonomous breach audit is dispatched immediately.

StocksSPGI

SPGI

S&P Global Inc.Financial Services / Financial Data & Stock ExchangesINTACT

S&P Global Inc., together with its subsidiaries, provides benchmarks, data, analytics, and workflow solutions in the global capital, energy and commodity, and automotive markets. It operates through four segments: S&P Global Market Intelligence, S&P Global Ratings, S&P Global Energy, and S&P Dow Jones Indices. The S&P Global Market Intelligence segment provides multi-asset-class data and analytics integrated with purpose-built workflow solutions. This segment offers Data, Analytics & Insights, a desktop product suite that provides data, analytics, and third-party research for global finance and corporate professionals; research, reference data, market data, derived analytics, and valuation services; enterprise solutions, such as software and workflow solutions; and credit and risk solutions for selling Ratings' credit ratings and related data and research, analytics, and financial risk solutions. The S&P Global Ratings segment operates as an independent provider of credit ratings, research, and analytics offering investors information and independent benchmarks for their investment and financial decisions as well as access to the capital markets. The S&P Global Energy segment provides information and benchmark prices for the energy and commodity markets. The S&P Dow Jones Indices segment operates as an index provider that maintains various valuation and index benchmarks for investment advisors, wealth managers, and institutional investors. It has operations in the United States, European region, Asia, and internationally. S&P Global Inc. was founded in 1860 and is headquartered in New York, New York.

Share Price

$411.50

52W: $361.03 - $522.47

DCF Fair Value

$550.81

+25.3% MoS

Thesis Hub

P/E (TTM)

25.1x

ROIC

33.6%

Operating Margin

44.8%

FCF Yield

4.5%

Debt / Equity

0.43x

Piotroski Score

8/9

Altman Z-Score

3.18

Market Cap

$121.3B

Price vs. Intrinsic Value Corridor

Margin of Safety Buy Zone (<25% Discount)

Historical market price overlaid against conservative DCF Fair Value & Benjamin Graham Margin of Safety bands.

Period Return (1Y)

—()

Period Range

$— - $—

DCF Fair Value

$550.81

MOS Buy Target (-25%)

$413.11

Valuation Overlays: DCF Fair Value ($550.81) 25% MOS Buy Target ($413.11) Revised Graham ($579.49) Graham Number ($198.69)

2-Stage Discounted Cash Flow (DCF) Workbench

Conservative intrinsic value model based on owner cash generation over a 10-year investment horizon. Opens with LocalAlpha's baseline assumptions (matching the fair value shown above) — adjust any input to stress-test.

Current Market Price

$411.50

DCF Fair Value

$550.48

+25.2% MoS

Starting Free Cash Flow ($M)$5,448M

$100M$5,448M (Reported)$50,000M

Stage 1 Growth (Years 1-5)18.0%

-5%10% (Target)35%

Stage 2 Growth (Years 6-10)4.5%

0%5%20%

Discount Rate (WACC / Hurdle)9.0%

6%9% (Standard)15% (High Risk)

Terminal Perpetual Growth2.5%

1% (GDP Floor)2.5% (Inflation)4.0%

Net Debt ($M)$11,600M

-$100B CashBalance Sheet+$150B Debt

10-Yr PV of Cash Flows

$70.5B

PV of Terminal Value

$103.5B

Implied Enterprise Value

$174.0B

Implied Equity Value

$162.4B

Year	Yr 1	Yr 2	Yr 3	Yr 4	Yr 5	Yr 6	Yr 7	Yr 8	Yr 9	Yr 10
Projected FCF ($M)	$6,429	$7,586	$8,951	$10,562	$12,464	$13,025	$13,611	$14,223	$14,863	$15,532
Present Value (PV)	$5,898	$6,385	$6,912	$7,483	$8,101	$7,766	$7,446	$7,138	$6,843	$6,561

Benjamin Graham & Buffett Value Models

Classical deep value metrics based on asset backing, normalized earnings power, and owner cash yield.

Graham Number-107.1% Premium

$198.69

Calculated as √(22.5 × EPS × BVPS). The maximum theoretical price a defensive investor should pay based purely on asset book value and current earnings.

EPS: $16.42BVPS: $106.86

Revised Graham Formula+29% MoS

$579.49

Formula: V = (EPS × (8.5 + 2g) × 4.4) / Y where g is the conservative 7-10 yr growth rate and Y is AAA Bond Yield.

Growth Rate (g%)

Bond Yield (Y%)

Buffett Owner Earnings4.3% Yield

$17.54 / share

True distributable cash flow: Net Income + D&A - Maintenance CapEx. Reflects the cash Buffett would extract without hurting unit volume.

Total: $5.2BYield: 4.3%

Reverse DCF: Market Growth Expectation

FAIR BARRIER

7.1% CAGR (Next 10 Yrs)

At the current price of $411.50, the market is assuming the business will compound Free Cash Flow at 7.1% per year for the next decade with a 9% hurdle rate.

Value Investor Verdict

✓ Low market hurdle: Easy for a wide-moat compounder to beat.

Autonomous Thesis Underwriting

Surveil SPGI with Mathematical Margin of Safety Rules

Set non-negotiable floor rules for S&P Global Inc.. If a newly filed quarterly 10-Q breaks your ROIC floor, operating margin boundary, or balance sheet leverage rules, receive an autonomous breach audit within 15 minutes.

Buffett Quality

ROIC > 15% • Margin > 15% • D/E < 0.5x

Margin Floor Guard

Current Margin 44.8% • Floor > 10%

Solvency Guard

Altman-Z > 2.6 • Current Ratio > 1.5x

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Frequently Asked Questions: S&P Global Inc. (SPGI) Intrinsic Valuation

Audited fundamentals, DCF intrinsic value sensitivity, and thesis break detection parameters for S&P Global Inc..

Based on institutional multi-stage Discounted Cash Flow (DCF) modeling on audited SEC cash flows, S&P Global Inc. has an estimated DCF intrinsic fair value of $550.81 per share compared to its current market price of $411.50. This represents an estimated 25.3% margin of safety (trading below fair value). Additionally, its classic Benjamin Graham Number stands at $198.69.