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S&P GlobalSPGI -1.43%91 Debt-to-EBITDA is 1.49 as of Mar. 2026, which is 8% above its 10-year median of 1.38. GuruFocus rates SPGI with a GF Score™ of 91/100 and a GF Value™ of $533.05 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 422 Capital Markets companies, S&P Global ranks worse than 50.47% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for S&P Global's Debt-to-EBITDA or its related term are showing as below:
SPGI'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1 Med: 1.38 Max: 2.33
Current: 1.69
During the past 13 years, the highest Debt-to-EBITDA Ratio of S&P Global was 2.33. The lowest was 1.00. And the median was 1.38.
SPGI's Debt-to-EBITDA is ranked worse than 50.47% of 422
companies
in the Capital Markets industry
Industry Median: 1.645
vs SPGI: 1.69
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
S&P Global Debt-to-EBITDA Related Terms
S&P Global Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for S&P Global's Debt-to-EBITDA 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.
For the Financial Data & Stock Exchanges subindustry, S&P Global's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, S&P Global's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where S&P Global's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
S&P Global (SPGI) has a Debt-to-EBITDA of 1.49 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on S&P Global. This is near median its historical median of 1.38. Over the past decade, S&P Global's Debt-to-EBITDA has ranged from 1.00 to 2.33. According to the industry distribution chart, S&P Global ranks #213 out of 422 companies in the Capital Markets industry, placing it in the top 50.5%.
Is S&P Global's Debt-to-EBITDA too high?
S&P Global's current Debt-to-EBITDA of 1.49 is near median its 10-year median of 1.38. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 2.33. The Capital Markets industry median Debt-to-EBITDA is 1.65. S&P Global's value of 1.49 is 9.4% below this industry median. Based on the distribution chart, S&P Global ranks #213 out of 422 companies in the Capital Markets industry, which is below the industry midpoint. Overall, S&P Global has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does S&P Global's Debt-to-EBITDA compare to CME and MCO?
According to the Capital Markets industry distribution chart, S&P Global ranks #213 out of 422 companies for Debt-to-EBITDA. This places S&P Global in the lower half of its industry. The industry median Debt-to-EBITDA is 1.65. S&P Global's value of 1.49 is 9.4% below this benchmark. Historically, S&P Global's own Debt-to-EBITDA has ranged from 1.00 to 2.33 over the past decade. While the company's 10-year median is 1.38 vs. the industry median of 1.65, S&P Global has consistently been below 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 Debt-to-EBITDA for a Capital Markets company?
The median Debt-to-EBITDA among Capital Markets companies is 1.65, based on 422 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. S&P Global's current Debt-to-EBITDA of 1.49 is 9.4% below 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 Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on S&P Global. For the Capital Markets industry, the median Debt-to-EBITDA is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. S&P Global's current Debt-to-EBITDA is 1.49, which is near median its own 10-year median of 1.38. 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 (SPGI) is currently considered Modestly Undervalued. The stock's GF Value™ is $533.05, compared to a current price of $450.84 — trading 15.4% below its estimated fair value. The current Debt-to-EBITDA is 1.49, which is near median its 10-year median of 1.38 and 9.4% below the Capital Markets industry median of 1.65. S&P Global's overall GF Score™ is 91/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For S&P Global (SPGI), the current Debt-to-EBITDA is 1.49 as of Mar. 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 (SPGI) Overvalued in 2026?
Based on GuruFocus' analysis, S&P Global stock appears to be undervalued.
The current stock price of $450.84 is trading 15.4% below its estimated GF Value™ of $533.05.
GuruFocus considers S&P Global to be Modestly Undervalued.
Key valuation signals for SPGI:
Debt-to-EBITDA: 1.49 (near median its 10-year median of 1.38)
GF Value™: $533.05 vs. price of $450.84 (15.4% below fair value)
Industry Position: 9.4% below the Capital Markets median (#213 of 422)
No single metric tells the full story. See the SPGI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
91GF Score
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