Research / Stock / SPGI
S
SPGI
S&P Global Inc.
432.99
-2.43 -0.56%
close 2026-08-25
Assumptions
4.7%
Market is pricing 4.7%— you agree
Actually grew +9.3%/yrFCF, 2020–2025 — the market is pricing 4.6pts SLOWER than history
10 yrs
3.00%
7.96%
8.0% derived for this company beta 0.87 (1254d vs the S&P 500) · cost of equity 8.6% = 4.7% risk-free + 0.87 × 4.5% premium · 9% debt at 2.2%, taxed at 23%
Fair value
$433.91
+0.2%
At the market's assumptionsCurrent price $432.99Enterprise value 129.7B
Bear $292.03 (-0.3% growth)Bull $644.52 (9.7%)
Today's market price is inside the range · band = your growth ±5pts, same model · the market itself prices 4.7%
Y1
Y2
Y3
Y4
Y5
Y6
Y7
Y8
Y9
Y10
Present value of each projected year, Y1–Y10
36% the 10 forecast years64% terminal value