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MSCI Inc. — Intrinsic Value & Fair Price

MSCI
NYSEFinancial ServicesFinancial - Data & Stock ExchangesCIK 0001408198msci.comAbout MSCI
Last close · Oct 16, 2026569.08−6.01 (−1.05%)
Market cap$41.4B
Model value · DCF · Perpetuity growth · 5y
345.62
MSCI closed at $569.08 — overvalued by 65% vs model.
217.71the model's range717.58

DCF · Perpetuity growth · 5y leads for a mature, steady company — positive operating income and three years of positive free cash flow. From a five-year discounted cash flow.

Other models
92.33 – 731.42
Wall St. target
695.00 18% below
Above model, 1y
20 of 20 days

Price and model value

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What the marks mean
Daily close

Dividends

Quarterly · as of Oct 16, 2026
Yield, trailing 12 months
1.40%
Past 2 years
low 1.01%high 1.48%
Dividends per share, a year at a time
$3.38Aug ’21$4.37Aug ’22$5.39Aug ’23$6.18Aug ’24$7.00Aug ’25$7.95TTM
Dividends / free cash flow, FY2025
35.9%
Raised
11+ years in a row
Growth, 5 yrs
18.7% a year
Last change
+13.9% · Feb 2026
Every payment, with ex-dates · latest $2.05, paid Aug 28, 2026

Research on MSCI

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How it is valued

Valued asMature & stable
Moderate growth (~11% recent)High profitability (38% net margin)Pays dividendsModerately volatile earningsHigh leverage (D/E 5.0x)
What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for mature companies
P/E
36.6×
EV / EBITDA
24.4×
FCF yield
3.5%
Dividend yield, TTM
1.40%
Beta
1.24
Cost of capital (WACC)
9.12%
On the lists: #20 Insider buying
Full financials

Analyst actions

third-party, quoted
07-22UBS · target615.00
07-22Wells Fargo · target690.00
07-22Evercore ISI · target722.00
05-27Wells Fargo · “Overweight” from “Equal Weight”upgrade
Ratings, targets and estimates

The weekly

One email a week across every stock we cover: 13F filings, insider trades, earnings and new research. It covers the whole market, not just MSCI. No account.

About MSCI

MSCI Inc., alongside its subsidiaries, offers sophisticated tools and services to support global investment decision-making and process management for its clients. The company is structured into four key segments: Index, Analytics, ESG and Climate, and Private Assets. The Index division furnishes benchmarks employed across diverse investment applications, including the creation of indexed financial products such as ETFs, mutual funds, and various derivatives; performance evaluation; portfolio building and adjustment; and strategic asset allocation. This segment also oversees the licensing of GICS and GICS Direct. Its Analytics segment provides comprehensive solutions for risk management, performance attribution, and portfolio oversight, encompassing content, applications, and services. These offerings deliver an integrated perspective on risk and return, alongside detailed analysis of market, credit, liquidity, and counterparty risks across all asset classes. The segment also includes managed services like consolidating client portfolio data from disparate sources, reviewing and reconciling inputs, and producing tailored reports. Furthermore, its HedgePlatform is specifically designed for assessing, evaluating, and monitoring risks related to hedge fund investments. The ESG and Climate segment delivers offerings that enable institutional investors to understand the long-term impact of environmental, social, and governance factors on both their portfolios and individual securities. It also equips investors with essential data, ratings, research, and analytical tools for navigating evolving regulatory landscapes. The Private Assets segment specializes in providing real estate market and transaction data, benchmarks, return analytics, climate impact assessments, and valuable market insights for funds, investors, and managers. It also extends business intelligence to real estate owners, managers, developers, and brokers, while offering critical investment decision support for private capital. Its diverse clientele includes asset owners and managers, financial intermediaries, wealth management firms, real estate professionals, and corporations. Founded in 1998, MSCI Inc. is headquartered in New York City.

CEO
Henry A. Fernandez
Headquarters
New York City, NY
Employees
6,327
IPO
2007-11-15
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.