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MSCI MSCI
$ 573.01 2.5%
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Quarterly report 2026-Q2
added 07-21-2026

MSCI Financial Ratios 2025-2007 | MSCI

Brief overview of MSCI 's market valuation

The comparison uses the five latest available annual observations between 2021 and 2025.

Key multiples at the end of the period are P/E 35.42x (median 41.09x), P/B 31.15x (median 8.33x), P/CF 26.81x (median 38.1x). On average, this basket is 13.8% below its own five-year medians. The market values the business at a discount to recent history.

The 1/P/E calculation produces a 2.8% earnings yield. It does not capture future growth or capital structure.

Current measures of operating quality are ROE -45.3%, ROA 21.1%, ROCE -64.6%. Returns below zero mean resources are not producing positive profit. Recovery in operating results is the main reference point.

Price, earnings and growth produce a PEG of 2.24x. A high value reduces the cushion if growth slows.

For financial institutions, P/B, ROE and ROA are particularly relevant, while EV/EBITDA and ordinary liquidity ratios have limited comparability.

Valuation takeaway

MSCI 's restrained price comes with modest current quality. Better efficiency is needed for revaluation.

Annual Financial Ratios MSCI

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007

P/E

 35.4 41.1 41.0 50.6 60.7 54.4 44.0 27.9 41.1 30.8 33.6 21.9 23.0 22.4 22.7 255.3 244.2 52.4 -

P/S

 13.6 16.0 18.6 19.6 21.6 19.3 15.9 9.9 9.8 7.0 7.0 6.2 4.9 4.3 4.4 48.7 55.8 8.3 -

EPS

 15.7 14.1 14.4 10.8 8.8 7.2 6.7 5.8 3.4 2.7 2.0 2.5 1.9 1.5 1.4 0.1 0.1 0.7 -

EV (Enterprise Value)

 50.4 B 51.5 B 52.9 B 49 B 48.3 B 36.1 B 27.6 B 16.8 B 14.5 B 10 B 8.98 B 7.18 B 6.31 B 5.53 B 5.47 B 5.21 B 2.78 B 3.31 B -33.8 M

EBITDA per Share

 22.7 19.6 17.7 15.3 13.4 10.9 9.87 8.86 7.3 5.93 4.41 3.53 3.76 3.51 3.4 0.24 0.28 1.41 -

EV/EBITDA

 29.0 33.4 37.6 39.7 43.9 36.2 31.5 20.5 20.8 16.3 17.3 16.0 12.3 11.2 11.6 183.2 97.5 23.5 -

PEG

 2.24 2.77 2.75 3.15 3.42 2.7 3.09 0.38 1.75 0.94 -2.06 0.68 0.98 4.57 0.02 - - - -

P/B

 -16.0 -48.5 -63.7 -43.7 -269.4 -73.9 -323.0 -85.2 31.2 25.3 8.3 4.3 3.2 2.9 3.0 3.2 4.5 - -

P/CF

 26.8 30.3 38.1 40.2 47.1 40.4 37.8 25.2 35.2 20.5 29.2 24.4 18.5 13.6 17.0 81.6 17.3 23.1 -

ROE %

 -45.29 -117.99 -155.26 -86.37 -444.12 -135.78 -734.74 -305.05 75.80 82.13 24.81 19.83 14.12 12.93 13.29 1.25 1.83 23.84 -

ROA %

 21.08 20.37 20.81 17.42 13.18 14.33 13.41 14.99 9.28 8.46 7.11 9.82 7.10 6.10 5.61 0.45 0.77 - -

ROCE %

 -64.55 -162.61 -187.17 -119.81 -656.23 -199.62 22.87 26.63 21.71 19.17 15.25 13.93 14.12 13.82 12.33 2.42 3.26 47.42 -

Current Ratio

 0.7 0.9 0.9 0.8 1.0 0.9 2.3 1.8 2.1 2.0 2.1 1.6 1.3 1.0 1.5 1.6 1.7 - -

DSO

 105.2 106.1 108.4 107.8 109.2 113.9 117.0 120.5 93.8 70.3 70.7 65.4 59.7 59.0 73.2 541.5 347.9 - -

DPO

 9.9 8.6 10.2 12.9 14.1 13.0 8.0 4.9 2.1 0.8 3.4 3.4 1.3 3.8 0.3 - - - -

Operating Cycle

 105.2 106.1 108.5 107.8 109.2 113.9 117.0 120.5 93.8 70.3 70.7 65.4 59.7 59.0 73.2 541.5 347.9 - -

Cash Conversion Cycle

 95.3 97.5 98.3 94.9 95.1 100.9 108.9 115.6 91.7 69.4 67.3 62.1 58.4 55.2 72.8 541.5 347.9 - -

All numbers in USD currency

Quarterly Financial Ratios MSCI

2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q3

EPS

 4.7 5.54 - 4.26 3.92 3.72 - 3.58 3.37 3.23 - 3.28 3.1 2.98 - 2.69 2.6 2.8 2.35 2.06 2.01 2.38 1.89 2.18 1.38 1.75 1.45 1.62 1.48 2.11 1.75 1.39 1.31 1.28 0.72 0.94 0.9 0.8 0.73 0.69 0.69 0.61 0.58 0.59 0.5 0.39 0.39 0.44 0.92 0.68 0.4 0.46 0.5 0.49 0.44 0.39 0.31 0.36 0.37 0.41 0.38 0.28 0.09

EBITDA per Share

 6.86 6.31 - 6.06 5.56 4.92 - 5.17 4.89 4.34 - 4.53 4.41 4 - 3.93 3.8 3.62 3.5 3.65 3.21 3.16 2.92 2.99 2.75 2.54 2.44 2.64 2.45 2.02 2.05 2.25 2.12 1.95 1.8 1.95 1.82 1.54 1.45 1.56 1.48 1.22 1.12 1.22 1.01 0.85 0.83 0.78 0.81 0.73 0.75 0.75 0.78 0.72 0.82 0.72 0.75 0.7 0.71 0.72 0.73 0.67 0.39

ROE %

 -78.60 -95.99 -81.35 -118.76 -138.09 -143.18 -113.07 -137.82 -121.09 -111.26 -71.91 -92.02 -87.78 -93.09 -66.60 -185.20 -225.76 -250.22 -265.11 -181.75 -162.23 -143.23 -135.78 -260.59 -398.01 -535.88 -734.74 -666.06 -561.87 -468.20 -305.05 -197.56 -101.95 -11.52 75.80 81.18 80.50 81.32 82.13 67.23 53.82 38.95 24.81 21.31 17.78 19.08 19.83 19.76 19.68 16.07 14.20 15.03 14.88 13.61 12.96 12.54 12.97 13.83 13.32 10.88 3.50 2.57 1.00

ROA %

 25.11 24.41 17.09 22.28 21.13 20.15 14.75 20.09 20.08 19.91 15.24 19.77 19.30 17.64 12.92 16.23 11.69 15.15 14.59 14.79 15.83 15.12 14.33 13.53 12.45 12.70 13.41 14.98 15.37 15.83 14.99 12.47 11.42 10.45 9.28 9.52 9.04 8.73 8.46 8.14 8.06 7.67 7.11 6.76 6.50 8.44 9.83 9.80 9.77 8.00 7.10 7.39 7.23 6.53 6.10 5.74 5.75 5.98 5.61 4.52 1.48 1.08 0.35

ROCE %

 -105.95 -127.15 -110.68 -164.12 -192.84 -197.03 -157.70 -191.38 -166.92 -149.73 -97.56 -126.29 -121.88 -125.77 -90.86 -262.51 -333.85 -374.61 -394.56 -275.73 -227.01 -205.53 -199.62 -406.77 -617.71 -819.94 -985.09 -827.12 -670.77 -524.22 -412.57 -272.13 -129.07 11.57 144.58 145.81 147.52 150.66 153.68 125.94 99.23 70.58 44.80 38.81 32.58 27.83 23.53 22.94 22.44 22.01 21.72 23.11 23.61 23.97 24.40 23.96 24.40 24.62 24.72 22.42 6.33 5.78 4.01

Current Ratio

 0.7 0.7 0.7 0.7 0.9 0.8 0.8 0.9 0.9 0.9 0.9 0.8 0.8 0.8 0.8 0.8 - 0.8 1.0 0.9 0.9 0.9 0.9 0.9 0.9 0.9 1.0 1.0 1.0 1.0 0.9 0.9 0.9 0.9 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.4 1.4 1.4 1.4 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 1.9 1.9 1.9 1.9 1.7 1.7 1.7 1.7 1.5

DSO

 93.0 100.3 - 88.3 90.9 96.0 - 85.2 93.8 106.4 - 88.7 92.1 100.5 - 90.5 97.5 102.4 96.4 86.9 91.2 101.6 114.9 119.8 124.4 115.8 112.0 115.6 118.2 119.5 119.4 120.7 119.0 104.0 89.3 92.8 94.6 83.2 69.0 70.1 69.5 70.3 69.6 70.7 70.2 67.2 64.9 64.8 64.2 66.3 65.3 67.7 67.7 67.2 56.7 59.5 58.7 66.5 72.9 73.2 72.8 60.3 -

DPO

 8.4 8.2 - 9.6 7.4 8.4 - 7.8 8.9 7.8 - 7.6 7.5 10.8 - 2.5 5.9 11.7 11.1 10.8 9.7 11.4 17.1 18.4 18.5 12.7 8.4 8.4 8.2 5.8 4.8 5.0 5.0 3.5 2.1 2.1 2.1 1.5 0.8 0.8 0.8 2.2 3.5 3.5 3.4 3.5 3.7 3.7 3.7 2.8 - - - - - - - - - - - - -

Operating Cycle

 - 100.3 - - 90.9 96.0 - 85.2 93.8 106.4 - 88.7 92.1 100.5 - 90.5 97.5 102.4 96.4 86.9 91.2 101.6 114.9 119.8 124.4 115.8 112.0 115.6 118.2 119.5 119.4 120.7 119.0 104.0 89.3 92.8 94.6 83.2 69.0 70.1 69.5 70.3 69.6 70.7 70.2 67.2 64.9 64.8 64.2 66.3 65.3 67.7 67.7 67.2 56.7 59.5 58.7 66.5 72.9 73.2 72.8 - -

Cash Conversion Cycle

 - 92.0 - - 83.5 87.6 - 77.4 84.9 98.6 - 81.1 84.7 89.7 - 88.0 91.6 90.7 85.3 76.2 81.5 90.2 97.8 101.4 106.0 103.1 103.6 107.2 109.9 113.7 114.6 115.7 114.0 100.5 87.2 90.7 92.4 81.7 68.2 69.3 68.7 68.1 66.1 67.2 66.8 63.7 61.2 61.1 60.5 63.5 65.3 67.7 67.7 67.2 56.7 59.5 58.7 66.5 72.9 73.2 72.8 - -

All numbers in USD currency

Multiples are an important financial analysis tool for the company MSCI , allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

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Value Line Value Line
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