Joseph Carlson After Hours on $SPGI (Nov 2, 2026)
S&P Global trades at $475 and 24x earnings; the speaker sees fair value near $550, about 16% higher, implying only 25-26x forward earnings and not expensive. He calls this not aggressive and expects multiple expansion if investors become less concerned about Agilent outperforming S&P Global.
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We also look at S&P Global. S&P Global today is my fifth largest position, valued at $141,000, with profits of $33,000. Currently, it is trading at $475. The company's current price-to-earnings ratio is 24, and I believe the fair value of S&P Global is around $550.
This is where the stock should be today. This represents an increase of approximately 16% from today, and the company will be trading at a forward price-to-earnings ratio of only about 25 to 26. So, it won't be expensive yet.
Again, this is not an aggressive forecast, but it does show that these companies still have a lot of upside left . If investors become less concerned about Agilent Technologies outperforming S &P Global, which I believe will happen, we should see the company's valuation multiple expand.
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