Using the industry peer median P/E multiple (trailing + forward), S&P Global Inc. (SPGI) has a fair value of $421.17 based on 5 comparable companies in the Financial - Data & Stock Exchanges industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| S&P Global Inc.SPGI | 126,055 | 28.2x | 21.0x |
| Bank of America CorporationBAC | 353,404 | 12.7x | 12.7x |
| BlackRock, Inc.BLK | 151,648 | 27.5x | 20.6x |
| Interactive Brokers Group, Inc.IBKR | 114,352 | 29.8x | 31.1x |
| Capital One Financial CorporationCOF | 113,136 | 54.1x | 13.3x |
| Moody's CorporationMCO | 76,817 | 31.7x | 25.9x |
| Industry Median | 29.8x | 20.6x | |
| (*) Profit after tax | 4,471 | 5,992 | |
| Equity Value | 133,287 | 123,714 | |
| (/) Outstanding shares | 305 | 305 | |
| Fair Price | $437 | $405 | |
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.