MSCI Inc.

NYSE:MSCI Stock Report

Market Cap: US$46.5b

MSCI Valuation

Is MSCI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MSCI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MSCI ($593.86) is trading below our estimate of fair value ($601.53)

Significantly Below Fair Value: MSCI is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MSCI?

Key metric: As MSCI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MSCI. This is calculated by dividing MSCI's market cap by their current earnings.
What is MSCI's PE Ratio?
PE Ratio38.6x
EarningsUS$1.21b
Market CapUS$46.54b

Price to Earnings Ratio vs Peers

How does MSCI's PE Ratio compare to its peers?

The above table shows the PE ratio for MSCI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average42.2x
NDAQ Nasdaq
47.2x17.3%US$45.3b
TW Tradeweb Markets
61.3x17.3%US$30.4b
CME CME Group
23.7x3.1%US$81.2b
ICE Intercontinental Exchange
36.8x11.4%US$89.3b
MSCI MSCI
38.6x9.6%US$46.5b

Price-To-Earnings vs Peers: MSCI is good value based on its Price-To-Earnings Ratio (38.6x) compared to the peer average (42.2x).

Price to Earnings Ratio vs Industry

How does MSCI's PE Ratio compare vs other companies in the US Capital Markets Industry?

22 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ADX Adams Diversified Equity Fund
3.9xn/aUS$2.46b
CET Central Securities
4.5xn/aUS$1.32b
GAM General American Investors Company
4.4xn/aUS$1.26b
MUDS Mudrick Capital Acquisition Corporation II
3.4xn/aUS$401.64m
MSCI 38.6xIndustry Avg. 23.4xNo. of Companies75PE020406080100+
22 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MSCI is expensive based on its Price-To-Earnings Ratio (38.6x) compared to the US Capital Markets industry average (23.2x).

Price to Earnings Ratio vs Fair Ratio

What is MSCI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MSCI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio38.6x
Fair PE Ratio20.8x

Price-To-Earnings vs Fair Ratio: MSCI is expensive based on its Price-To-Earnings Ratio (38.6x) compared to the estimated Fair Price-To-Earnings Ratio (20.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MSCI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$593.86
US$637.54
+7.4%
9.0%US$700.00US$510.00n/a13
Nov ’25US$577.95
US$638.31
+10.4%
9.1%US$700.00US$510.00n/a13
Oct ’25US$575.75
US$599.46
+4.1%
9.6%US$700.00US$500.00n/a13
Sep ’25US$580.59
US$587.92
+1.3%
7.5%US$650.00US$500.00n/a13
Aug ’25US$547.90
US$587.33
+7.2%
8.4%US$650.00US$495.00n/a12
Jul ’25US$479.31
US$553.85
+15.6%
10.1%US$642.00US$460.00n/a13
Jun ’25US$495.18
US$553.85
+11.8%
10.1%US$642.00US$460.00n/a13
May ’25US$470.03
US$553.69
+17.8%
12.2%US$642.00US$405.00n/a14
Apr ’25US$554.83
US$612.51
+10.4%
11.9%US$700.00US$470.00n/a15
Mar ’25US$565.48
US$612.64
+8.3%
12.0%US$700.00US$470.00n/a16
Feb ’25US$604.30
US$621.39
+2.8%
10.5%US$700.00US$470.00n/a16
Jan ’25US$565.65
US$552.89
-2.3%
9.9%US$640.00US$440.00n/a16
Dec ’24US$527.70
US$543.77
+3.0%
9.4%US$640.00US$440.00n/a16
Nov ’24US$471.85
US$540.88
+14.6%
9.3%US$640.00US$440.00US$577.9516
Oct ’24US$513.08
US$572.57
+11.6%
10.5%US$650.00US$440.00US$575.7516
Sep ’24US$541.39
US$578.57
+6.9%
10.8%US$650.00US$440.00US$580.5916
Aug ’24US$545.94
US$575.42
+5.4%
10.8%US$650.00US$440.00US$547.9017
Jul ’24US$469.29
US$539.06
+14.9%
9.2%US$600.00US$412.00US$479.3117
Jun ’24US$466.97
US$552.44
+18.3%
11.8%US$730.00US$412.00US$495.1816
May ’24US$483.03
US$555.29
+15.0%
12.3%US$730.00US$412.00US$470.0314
Apr ’24US$559.69
US$570.14
+1.9%
11.3%US$730.00US$412.00US$554.8314
Mar ’24US$515.45
US$565.86
+9.8%
11.7%US$730.00US$412.00US$565.4814
Feb ’24US$554.52
US$561.71
+1.3%
10.2%US$672.00US$412.00US$604.3014
Jan ’24US$465.17
US$505.46
+8.7%
11.4%US$600.00US$370.00US$565.6513
Dec ’23US$521.39
US$487.17
-6.6%
9.3%US$545.00US$370.00US$527.7012
Nov ’23US$470.08
US$494.77
+5.3%
12.4%US$640.00US$370.00US$471.8513

Analyst Forecast: Target price is less than 20% higher than the current share price.

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