S&P Global (STU:MHL) Cyclically Adjusted PS Ratio: 9.95 (As of Aug. 06, 2026) — 17% Below Median

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STU:MHL S&P Global Inc STU:MHL
93 GF Score
Price €354.70
GF Value €471.70
Valuation Modestly Undervalued
! 3 Warning Signs
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What is S&P Global Cyclically Adjusted PS Ratio?

S&P Global STU:MHL -1.00% 93 Cyclically Adjusted PS Ratio is 9.95 as of Aug. 06, 2026, which is 17% below its 10-year median of 11.97. GuruFocus rates STU:MHL with a GF Score™ of 93/100 and a GF Value™ of €471.70 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 606 Capital Markets companies, S&P Global ranks worse than 81.68% on this metric.

As of today (2026-08-06), S&P Global's current share price is €354.70. S&P Global's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €35.66. S&P Global's Cyclically Adjusted PS Ratio for today is 9.95.

The historical rank and industry rank for S&P Global's Cyclically Adjusted PS Ratio or its related term are showing as below:

STU:MHL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.46   Med: 11.97   Max: 18.41
Current: 10.05

During the past years, S&P Global's highest Cyclically Adjusted PS Ratio was 18.41. The lowest was 5.46. And the median was 11.97.

STU:MHL's Cyclically Adjusted PS Ratio is ranked worse than
81.68% of 606 companies
in the Capital Markets industry
Industry Median: 3.41 vs STU:MHL: 10.05

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

S&P Global's adjusted revenue per share data for the three months ended in Jun. 2026 was €12.178. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €35.66 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


S&P Global  (STU:MHL) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


S&P Global Cyclically Adjusted PS Ratio Related Terms


S&P Global Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for S&P Global's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

S&P Global Cyclically Adjusted PS Ratio Chart

S&P Global Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.20 10.84 13.06 13.48 12.91

S&P Global Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.52 12.19 12.91 10.13 9.44

STU:MHL vs CME, ICE, MCO: Cyclically Adjusted PS Ratio Comparison

For the Financial Data & Stock Exchanges subindustry, S&P Global's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


S&P Global Cyclically Adjusted PS Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, S&P Global's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where S&P Global's Cyclically Adjusted PS Ratio falls into.


STU:MHL
93GF Score
S&P Global Inc STU:MHL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

S&P Global Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

S&P Global's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=354.70/35.66
=9.95

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

S&P Global's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, S&P Global's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=12.178/333.9520*333.9520
=12.178

Current CPI (Jun. 2026) = 333.9520.

S&P Global Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 4.833 241.428 6.685
201612 5.070 241.432 7.013
201703 5.209 243.801 7.135
201706 5.167 244.955 7.044
201709 4.922 246.819 6.660
201712 5.219 246.524 7.070
201803 4.995 249.554 6.684
201806 5.437 251.989 7.205
201809 5.227 252.439 6.915
201812 5.368 251.233 7.135
201903 5.599 254.202 7.356
201906 6.096 256.143 7.948
201909 6.222 256.759 8.093
201912 6.363 256.974 8.269
202003 6.643 258.115 8.595
202006 7.133 257.797 9.240
202009 6.487 260.280 8.323
202012 6.355 260.474 8.148
202103 7.009 264.877 8.837
202106 7.229 271.696 8.885
202109 7.339 274.310 8.935
202112 7.633 278.802 9.143
202203 7.851 287.504 9.119
202206 8.345 296.311 9.405
202209 8.733 296.808 9.826
202212 8.481 296.797 9.543
202303 9.163 301.836 10.138
202306 8.950 305.109 9.796
202309 9.087 307.789 9.859
202312 9.150 306.746 9.962
202403 10.228 312.332 10.936
202406 10.527 314.175 11.190
202409 10.341 315.301 10.953
202412 11.105 315.605 11.751
202503 11.354 319.799 11.856
202506 10.636 322.561 11.012
202509 10.879 324.800 11.186
202512 11.070 324.054 11.408
202603 12.123 330.213 12.260
202606 12.178 333.952 12.178

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 9.95 mean?
S&P Global (STU:MHL) has a Cyclically Adjusted PS Ratio of 9.95 as of Aug. 06, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on S&P Global and its competitors. This is 17% below median its historical median of 11.97. Over the past decade, S&P Global's Cyclically Adjusted PS Ratio has ranged from 5.46 to 18.41. According to the industry distribution chart, S&P Global ranks #495 out of 606 companies in the Capital Markets industry, placing it in the top 81.7%.
Is S&P Global's Cyclically Adjusted PS Ratio too high?
S&P Global's current Cyclically Adjusted PS Ratio of 9.95 is 17% below median its 10-year median of 11.97. Over the past 10 years, this metric has ranged from a low of 5.46 to a high of 18.41. The Capital Markets industry median Cyclically Adjusted PS Ratio is 3.41. S&P Global's value of 9.95 is 191.8% above this industry median. Based on the distribution chart, S&P Global ranks #495 out of 606 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, S&P Global has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does S&P Global's Cyclically Adjusted PS Ratio compare to CME and ICE?
According to the Capital Markets industry distribution chart, S&P Global ranks #495 out of 606 companies for Cyclically Adjusted PS Ratio. This places S&P Global in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.41. S&P Global's value of 9.95 is 191.8% above this benchmark. Historically, S&P Global's own Cyclically Adjusted PS Ratio has ranged from 5.46 to 18.41 over the past decade. While the company's 10-year median is 11.97 vs. the industry median of 3.41, S&P Global has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Capital Markets company?
The median Cyclically Adjusted PS Ratio among Capital Markets companies is 3.41, based on 606 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. S&P Global's current Cyclically Adjusted PS Ratio of 9.95 is 191.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on S&P Global and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PS Ratio is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. S&P Global's current Cyclically Adjusted PS Ratio is 9.95, which is 17% below median its own 10-year median of 11.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is S&P Global stock overvalued right now?
Based on GuruFocus' analysis, S&P Global (STU:MHL) is currently considered Modestly Undervalued. The stock's GF Value™ is €471.70, compared to a current price of €354.70 — trading 24.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 9.95, which is 17% below median its 10-year median of 11.97 and 191.8% above the Capital Markets industry median of 3.41. S&P Global's overall GF Score™ is 93/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For S&P Global (STU:MHL), the current Cyclically Adjusted PS Ratio is 9.95 as of Aug. 06, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is S&P Global (STU:MHL) Overvalued in 2026?

Based on GuruFocus' analysis, S&P Global stock appears to be undervalued. The current stock price of €354.70 is trading 24.8% below its estimated GF Value™ of €471.70. GuruFocus considers S&P Global to be Modestly Undervalued.

Key valuation signals for STU:MHL:

  • Cyclically Adjusted PS Ratio: 9.95 (17% below median its 10-year median of 11.97)
  • GF Value™: €471.70 vs. price of €354.70 (24.8% below fair value)
  • GF Score™: 93/100 with 3 warning signs
  • Industry Position: 191.8% above the Capital Markets median (#495 of 606)

No single metric tells the full story. See the STU:MHL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


S&P Global Business Description

Address 55 Water Street, New York, NY, USA, 10041
S&P Global provides data and benchmarks to capital and commodity market participants. Its ratings business is the largest credit rating agency in the world and S&P's largest segment by profitability. S&P's largest segment by revenue is market intelligence, which provides desktop, data and advisory solutions, enterprise solutions, and credit/risk solutions mostly in the financial-services industry. S&P's other segments include energy (formerly commodity insights, this segment includes Platts and other data), mobility (Carfax), and indexes. S&P plans to spin off mobility in 2026.
93GF Score

Get the complete analysis for STU:MHL

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€354.70
Price
€471.70
GF Value