S&P Global (SPGI) Stock Could Be 2% Overvalued Despite African Ratings Deal

S&P Global (SPGI) stock has dropped 21.9% over the past year, and its valuation presents a mixed picture. While the Excess Returns model suggests the shares are near their intrinsic value, indicating a slight 2.4% overvaluation, traditional earnings multiples, particularly the P/E ratio, suggest the stock is more expensive. This discrepancy highlights a debate among investors on whether to prioritize intrinsic value based on cash flow and returns or market multiples, especially given recent strategic expansions.