--- title: MSCI (MSCI) — intrinsic value and fair price canonical: https://sweetvaluelab.com/stocks/msci ticker: MSCI as_of: 2026-10-17 sector: Financial Services industry: Financial - Data & Stock Exchanges --- # MSCI (MSCI) MSCI (MSCI) closed at $569.08 on Oct 16, 2026, overvalued by 65% vs its model value of $345.62 (from a five-year discounted cash flow). ## Key figures | Figure | Value | | --- | ---: | | Last close | $569.08 (Oct 16, 2026) | | Model value (from a five-year discounted cash flow) | $345.62 | | Price vs model | overvalued by 65% vs model | | Range of that model | $217.71 – $717.58 | | Market value | $41.4B | | P/E (fiscal 2025) | 36.6 | | Net margin (fiscal 2025) | 38.4% | | Free cash flow (fiscal 2025) | $1.5B | | Dividend yield (trailing twelve months) | 1.40% | | Beta | 1.24 | | Cost of capital (WACC) | 9.12% | | Business classification | Mature & Stable (Moderate growth (~11% recent), High profitability (38% net margin), Pays dividends, Moderately volatile earnings, High leverage (D/E 5.0x)) | ## On the stock lists | List | Place | Figure | Page | | --- | ---: | ---: | --- | | Insider buying | #20 | $1.0M | https://sweetvaluelab.com/lists/insider-buying | ## Dividends | Figure | Value | | --- | ---: | | Trailing dividend yield | 1.40% | | Dividends per share, last 12 months | $7.95 | | Dividends / free cash flow (fiscal 2025) | 35.9% | | Raised | 11+ years in a row | | Growth over 5 years | 18.7% a year | | Latest payment | $2.05, ex-date Aug 14, 2026, paid Aug 28, 2026 | | Year of payments | Dividends per share | | --- | ---: | | To Aug 12, 2021 | $3.38 | | To Aug 11, 2022 | $4.37 | | To Aug 10, 2023 | $5.39 | | To Aug 16, 2024 | $6.18 | | To Aug 15, 2025 | $7.00 | | Trailing twelve months (to Aug 14, 2026) | $7.95 | ## Valuation models Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026. | Model | Role | Value per share | Low | High | | --- | --- | ---: | ---: | ---: | | DCF · Perpetuity growth · 5y | primary | $345.62 | $217.71 | $717.58 | | DCF · Perpetuity growth · 10y | cross check | $394.84 | $257.52 | $787.60 | | DCF · EBITDA exit · 5y | cross check | $409.26 | $281.52 | $559.34 | | DCF · EBITDA exit · 10y | cross check | $449.39 | $307.58 | $637.22 | | P/E · peers | cross check | $450.24 | $355.58 | $558.56 | | P/E · own history | cross check | $731.42 | $679.40 | $879.47 | | PEG | sanity check | $337.18 | $337.18 | $337.18 | | EV/EBITDA · peers | cross check | $385.86 | $282.42 | $468.96 | | EV/Revenue · peers | cross check | $254.49 | $116.64 | $364.12 | | Earnings power value | cross check | $92.33 | $68.70 | $125.25 | | Dividend discount | cross check | $176.51 | $124.76 | $252.58 | ## Insider activity (SEC Form 4) Past 90 days: 1 open-market buy ($1.0M) and 1 open-market sale ($256,500); 10b5-1 plan sales included. | Date | Insider | Relationship | Transaction | Shares | Value | | --- | --- | --- | --- | ---: | ---: | | Oct 12, 2026 | Wiechmann Andrew C. | Chief Financial Officer | Open-market sell (10b5-1 plan) | 450 | $256,500 | | Sep 2, 2026 | Taneja Rajat | Director | Open-market buy | 1,786 | $1.0M | | Aug 28, 2026 | Yang June | Director | Grant / award | 2 | $0 | | Aug 28, 2026 | RIEFLER LINDA H | Director | Grant / award | 8 | $0 | | Aug 28, 2026 | Matlock Robin | Director | Grant / award | 6 | $0 | ## Recent SEC filings | Filed | Form | What | Filing | | --- | --- | --- | --- | | Aug 7, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers | https://www.sec.gov/Archives/edgar/data/1408198/000140819826000049/msci-20260807.htm | | Jul 21, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1408198/000140819826000046/msci-20260630.htm | | Jul 21, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1408198/000140819826000044/msci-20260721.htm | | Apr 23, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote | https://www.sec.gov/Archives/edgar/data/1408198/000140819826000038/msci-20260421.htm | | Apr 21, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1408198/000140819826000034/msci-20260331.htm | ## Superinvestors holding it (latest 13F) | Manager | Quarter | Shares | Value | | --- | --- | ---: | ---: | | Viking Global | 2026-06-30 | 1,160,687 | $650.0M | | Polen Capital | 2026-06-30 | 671,797 | $376.2M | | Thomas Gayner | 2026-06-30 | 142,850 | $80.0M | | Terry Smith | 2026-06-30 | 53,580 | $30.0M | 7 tracked managers in all. ## About 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 ma… --- Source: https://sweetvaluelab.com/stocks/msci (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.