What is MSCI Inc. worth?
With the base-case assumptions below, a discounted cash flow model on MSCI Inc.'s reported free cash flow gives $510.76 per share. The share price was $656.86 on November 10, 2026, 29% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 8.0% | 10.0% | $278.16 | -58% |
| Base | 13.0% | 9.0% | $510.76 | -22% |
| Bull | 18.0% | 8.0% | $944.21 | +44% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $685.07 | $739.19 | $805.33 | $888.01 | $994.32 |
| 8.0% | $554.30 | $589.40 | $630.88 | $680.65 | $741.48 |
| 9.0% | $459.08 | $483.08 | $510.76 | $543.07 | $581.24 |
| 10.0% | $386.81 | $403.87 | $423.21 | $445.31 | $470.82 |
| 11.0% | $330.20 | $342.71 | $356.69 | $372.42 | $390.25 |
Where the presets come from
Base: years 1 to 5 grow at MSCI Inc.'s revenue growth rate over the last 5 fiscal years (13.1% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions