Start with its own history
At 26.08×, SPGI is 20.8% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · SPGIFinancial - Data & Stock ExchangesUpdated Nov 2, 2026
S&P Global Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
26.08×
20.8% belowthe 10-year annual average
Share price473.7
÷Earnings per share18.16
Price and EPS in quote currency. Calculation details
Investors are paying 26.08 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 32.92×
3-year average43.10×3 positive annual observations
5-year average39.91×5 positive annual observations
10-year average32.92×10 positive annual observations
Peer median · TTM24.52×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 35.62× | -11.6% |
| Dec 31, 2024 | 40.29× | -24.5% |
| Dec 31, 2023 | 53.40× | +63.4% |
| Dec 31, 2022 | 32.68× | -13.0% |
| Dec 31, 2021 | 37.57× | +11.0% |
| Dec 31, 2020 | 33.85× | +7.2% |
| Dec 31, 2019 | 31.57× | +44.9% |
| Dec 31, 2018 | 21.79× | -24.9% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 29.01× | +116.3% |
| Dec 31, 2016 | 13.41× | -42.1% |
| Dec 31, 2015 | 23.14× | N/M |
| Dec 31, 2014 | N/M | N/M |
| Dec 31, 2013 | 15.61× | -55.2% |
| Dec 31, 2012 | 34.82× | +136.2% |
| Dec 31, 2011 | 14.74× | +8.5% |
| Dec 31, 2010 | 13.59× | -5.1% |
| Dec 31, 2009 | 14.32× | +56.2% |
| Dec 31, 2008 | 9.17× | -37.0% |
| Dec 31, 2007 | 14.55× | -47.1% |
| Dec 31, 2006 | 27.54× | +20.0% |
| Dec 31, 2005 | 22.95× | -0.2% |
| Dec 31, 2004 | 23.00× | +19.1% |
| Dec 31, 2003 | 19.31× | -4.1% |
| Dec 31, 2002 | 20.15× | -35.2% |
| Dec 31, 2001 | 31.11× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How SPGI compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 SPGI This stockS&P Global Inc. | 26.08× |
 MSCIMSCI Inc. | 33.73× |
 MCOMoody's Corporation | 30.64× |
 MORNMorningstar, Inc. | 19.88× |
 FDSFactSet Research Systems Inc. | 22.93× |
 VALUValue Line, Inc. | 20.24× |
 LSEGYLondon Stock Exchange Group plc | 33.57× |
 DBOEYDeutsche Börse AG | 26.00× |
 ICEIntercontinental Exchange, Inc. | 23.04× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does SPGI’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 24.52×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take SPGI into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("SPGI", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 473.7 ÷ EPS 18.16 = 26.08×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 2, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
SPGI P/E ratio: common questions
The essentials behind the numbers.
S&P Global Inc.'s current P/E is 26.08× based on the quote data last updated Nov 2, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.