Using the industry peer median P/E multiple (trailing + forward), Moody's Corporation (MCO) has a fair value of $430.18 based on 4 comparable companies in the Financial - Data & Stock Exchanges industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| Moody's CorporationMCO | 77,996 | 31.7x | 25.9x |
| CME Group Inc.CME | 107,954 | 26.9x | 24.9x |
| Intercontinental Exchange, Inc.ICE | 89,170 | 27.1x | 20.3x |
| Coinbase Global, Inc.COIN | 46,791 | 39.0x | 50.4x |
| MSCI Inc.MSCI | 39,396 | 34.5x | 27.6x |
| Industry Median | 30.8x | 26.3x | |
| (*) Profit after tax | 2,459 | 3,012 | |
| Equity Value | 75,693 | 79,085 | |
| (/) Outstanding shares | 180 | 180 | |
| Fair Price | $421 | $440 | |
This P/E relative valuation uses the industry peer median Price-to-Earnings ratio to estimate fair value. Both trailing (last 12 months) and forward (next fiscal year analyst estimates) P/E multiples are computed independently.
The industry median trailing P/E is applied to the company's TTM net income, and the forward P/E to analyst-estimated net income. Each produces an equity value divided by shares outstanding to yield a fair price per share. The selected fair value is the average of the trailing and forward legs.