MSCI Inc. (MSCI) Financial Ratios
21 years of historical data (2005–2025) · Financial Services · Financial - Data & Stock Exchanges
EV/EBITDA
↓
24.90
↓-24% vs avg
5yr avg: 32.63
30Y Low10.0·High44.8
P/FCF
↓
27.31
↓-30% vs avg
5yr avg: 39.04
30Y Low12.1·High57.9
P/B Ratio
N/A
—
5yr avg: N/A
30Y Low2.7·High29.0
ROE
N/A
—
5yr avg: N/A
30Y Low7%·High433%
Debt/EBITDA
↓
3.27
+2% vs avg
5yr avg: 3.20
30Y Low1.8·High4.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MSCI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
MSCI Inc. trades at 37.4x earnings, 20% below its 5-year average of 46.5x, sitting at the 53rd percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a premium of 175%. On a free-cash-flow basis, the stock trades at 27.3x P/FCF, 30% below the 5-year average of 39.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $42.3B | $44.3B | $47.4B | $45.2B | $37.8B | $51.1B | $37.7B | $22.1B | $13.2B | $11.6B | $7.6B |
| Enterprise Value | $48.1B | $50.1B | $51.6B | $49.3B | $41.4B | $54.1B | $40.0B | $23.8B | $14.9B | $12.8B | $8.9B |
| P/E Ratio → | 37.35 | 36.87 | 42.71 | 39.31 | 43.39 | 70.42 | 62.71 | 39.18 | 26.05 | 38.23 | 29.18 |
| P/S Ratio | 13.50 | 14.15 | 16.59 | 17.86 | 16.80 | 25.03 | 22.26 | 14.18 | 9.22 | 9.13 | 6.61 |
| P/B Ratio | — | — | — | — | — | — | — | — | — | 29.00 | 23.95 |
| P/FCF | 27.31 | 28.62 | 32.28 | 39.44 | 36.95 | 57.91 | 49.65 | 33.68 | 23.46 | 32.73 | 19.40 |
| P/OCF | 26.64 | 27.92 | 31.55 | 36.54 | 34.49 | 54.64 | 46.53 | 31.12 | 21.58 | 28.78 | 17.49 |
P/E links to full P/E history page with 30-year chart
MSCI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
MSCI Inc.'s enterprise value stands at 24.9x EBITDA, 24% below its 5-year average of 32.6x. The Financial Services sector median is 11.4x, placing the stock at a 119% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 16.00 | 18.08 | 19.51 | 18.42 | 26.45 | 23.57 | 15.29 | 10.39 | 10.06 | 7.72 |
| EV / EBITDA | 24.90 | 25.95 | 29.76 | 31.96 | 30.69 | 44.79 | 40.14 | 27.77 | 19.28 | 19.43 | 15.61 |
| EV / EBIT | 28.07 | 29.42 | 33.49 | 31.71 | 34.09 | 53.12 | 47.43 | 31.69 | 19.52 | 22.11 | 18.21 |
| EV / FCF | — | 32.37 | 35.17 | 43.08 | 40.52 | 61.20 | 52.57 | 36.31 | 26.42 | 36.08 | 22.67 |
MSCI Profitability
Margins and return-on-capital ratios measuring operating efficiency
MSCI Inc. earns an operating margin of 54.7%, significantly above the Financial Services sector average of 20.3%. ROIC of 34.9% represents excellent returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 82.4% | 82.4% | 82.0% | 82.3% | 82.0% | 82.4% | 82.8% | 81.1% | 80.0% | 78.5% | 78.1% |
| Operating Margin | 54.7% | 54.7% | 53.5% | 54.8% | 53.7% | 52.5% | 52.2% | 48.5% | 47.9% | 45.5% | 42.4% |
| Net Profit Margin | 38.4% | 38.4% | 38.8% | 45.4% | 38.7% | 35.5% | 35.5% | 36.2% | 35.4% | 23.9% | 22.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | 433.1% | 84.6% | 42.8% |
| ROA | 21.6% | 21.6% | 20.2% | 21.8% | 16.6% | 15.0% | 14.3% | 14.8% | 15.2% | 9.6% | 8.4% |
| ROIC | 34.9% | 34.9% | 30.1% | 27.6% | 23.2% | 22.2% | 21.3% | 20.4% | 21.1% | 17.9% | 15.0% |
| ROCE | 44.3% | 44.3% | 38.9% | 35.7% | 30.2% | 28.9% | 27.3% | 25.7% | 26.2% | 22.2% | 18.8% |
MSCI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
MSCI Inc. carries a Debt/EBITDA ratio of 3.3x, which is moderately leveraged (23% below the sector average of 4.3x). Net debt stands at $5.8B ($6.3B total debt minus $515M cash). Interest coverage of 8.1x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | — | 5.18 | 6.53 |
| Debt / EBITDA | 3.27 | 3.27 | 2.68 | 3.00 | 3.44 | 3.59 | 3.53 | 3.77 | 3.33 | 3.15 | 3.64 |
| Net Debt / Equity | — | — | — | — | — | — | — | — | — | 2.96 | 4.04 |
| Net Debt / EBITDA | 3.00 | 3.00 | 2.45 | 2.70 | 2.70 | 2.41 | 2.23 | 2.02 | 2.16 | 1.80 | 2.25 |
| Debt / FCF | — | 3.74 | 2.90 | 3.64 | 3.57 | 3.30 | 2.92 | 2.64 | 2.96 | 3.34 | 3.27 |
| Interest Coverage | 8.12 | 8.12 | 8.31 | 8.33 | 7.08 | 6.38 | 5.39 | 5.08 | 5.73 | 4.99 | 4.80 |
MSCI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.90x is below 1.0, meaning current liabilities exceed current assets.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.90 | 0.90 | 0.85 | 0.93 | 1.40 | 1.71 | 1.88 | 2.31 | 1.77 | 2.09 | 1.97 |
| Quick Ratio | 0.90 | 0.90 | 0.85 | 0.93 | 1.40 | 1.71 | 1.88 | 2.31 | 1.77 | 2.09 | 1.97 |
| Cash Ratio | 0.28 | 0.28 | 0.26 | 0.30 | 0.79 | 1.14 | 1.27 | 1.67 | 1.12 | 1.46 | 1.48 |
| Asset Turnover | — | 0.55 | 0.52 | 0.46 | 0.45 | 0.37 | 0.40 | 0.37 | 0.42 | 0.39 | 0.37 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
MSCI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
MSCI Inc. returns 7.1% to shareholders annually — split between a 1.2% dividend yield and 5.9% buyback yield. A payout ratio of 46.3% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 2.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.2% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 46.3% | 46.3% | 45.9% | 38.4% | 42.8% | 41.7% | 40.9% | 39.5% | 33.7% | 39.4% | 36.9% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.7% | 2.7% | 2.3% | 2.5% | 2.3% | 1.4% | 1.6% | 2.6% | 3.8% | 2.6% | 3.4% |
| FCF Yield | 3.7% | 3.5% | 3.1% | 2.5% | 2.7% | 1.7% | 2.0% | 3.0% | 4.3% | 3.1% | 5.2% |
| Buyback Yield | 5.9% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 7.1% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $77M | $79M | $80M | $81M | $83M | $85M | $86M | $90M | $92M | $97M |
Peer Comparison
Compare MSCI with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 MSCIYou | $42B | 37.4 | 24.9 | 27.3 | 82.4% | 54.7% | — | 34.9% | 3.3 |
 SPGI | $122B | 28.0 | 17.5 | 22.3 | 70.2% | 42.2% | 12.1% | 9.7% | 1.9 |
 ICE | $76B | 23.2 | 14.8 | 17.7 | 61.9% | 38.7% | 11.7% | 7.5% | 3.1 |
 MCO | $80B | 33.0 | 21.6 | 31.0 | 68.2% | 44.8% | 62.0% | 22.5% | 1.9 |
 FTNT | $107B | 59.6 | 47.3 | 48.1 | 80.8% | 30.6% | 135.7% | — | 0.4 |
 FDS | $8B | 14.2 | 10.1 | 13.3 | 52.7% | 32.2% | 29.1% | 15.5% | 1.7 |
 NDAQ | $47B | 26.6 | 18.8 | 23.5 | 47.9% | 28.4% | 15.3% | 8.1% | 3.3 |
 LSE | $68M | 8.4 | 7.9 | 4.7 | 23.2% | 10.9% | 22.4% | 17.3% | 0.2 |
 VRSK | $23B | 26.8 | 15.3 | 19.1 | 67.3% | 44.6% | 437.9% | 33.0% | 3.0 |
 TRI | $34B | 23.1 | 12.3 | 16.7 | 75.8% | 26.6% | 12.6% | 11.2% | 0.7 |
 BLK | $174B | 29.6 | 23.0 | 46.3 | 55.5% | 29.1% | 10.0% | 7.5% | 1.9 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 21 years · Updated daily
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MSCI — Frequently Asked Questions
Quick answers to the most common questions about buying MSCI stock.
What is MSCI Inc.'s P/E ratio?
MSCI Inc.'s current P/E ratio is 37.4x. The historical average is 35.9x. This places it at the 53th percentile of its historical range.
What is MSCI Inc.'s EV/EBITDA?
MSCI Inc.'s current EV/EBITDA is 24.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 21.9x.
Is MSCI stock overvalued?
Based on historical data, MSCI Inc. is trading at a P/E of 37.4x. This is at the 53th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is MSCI Inc.'s dividend yield?
MSCI Inc.'s current dividend yield is 1.24% with a payout ratio of 46.3%.
What are MSCI Inc.'s profit margins?
MSCI Inc. has 82.4% gross margin and 54.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does MSCI Inc. have?
MSCI Inc.'s Debt/EBITDA ratio is 3.3x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.