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S&P Global Inc. (SPGI)
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Why the Market Sold the Best Ratings Quarter in Years

Put the pieces together and the picture is a franchise of unusual quality — two effective duopolies in Ratings and Indices, benchmark businesses that print 68–72% divisional margins and convert nearly all of earnings to cash — trading at roughly 20x FY27 earnings, a five-turn ...

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S&P Global Inc. (SPGI)
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S&P Global's Quiet Reset: Oligopoly Economics at a Discount

S&P Global trades in the low $400s—roughly 21 times the midpoint of 2026 adjusted EPS guidance (~$19.50)—after falling nearly 29% from its August 2025 peak of $579. That valuation compression coincides with one of the stronger fundamental stretches in the company's history: 10...

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