What is S&P Global Inc. worth?
With the base-case assumptions below, a discounted cash flow model on S&P Global Inc.'s reported free cash flow gives $553.11 per share. The share price was $403.30 on September 25, 2026, 27% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 10.0% | 10.0% | $321.27 | -20% |
| Base | 15.0% | 9.0% | $553.11 | +37% |
| Bull | 20.0% | 8.0% | $984.81 | +144% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $728.64 | $783.37 | $850.27 | $933.89 | $1,041.39 |
| 8.0% | $596.78 | $632.28 | $674.22 | $724.56 | $786.08 |
| 9.0% | $500.84 | $525.11 | $553.11 | $585.78 | $624.39 |
| 10.0% | $428.10 | $445.35 | $464.91 | $487.26 | $513.06 |
| 11.0% | $371.17 | $383.83 | $397.97 | $413.87 | $431.90 |
Where the presets come from
Base: years 1 to 5 grow at S&P Global Inc.'s revenue growth rate over the last 5 fiscal years (15.6% 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