EN DE
STOCK COMPARISON

Hong Kong Exchange and Clearing vs S&P Global: Fair Value & Quality

Both stocks run through our valuation models. Here is how Hong Kong Exchange and Clearing (0388) and S&P Global (SPGI) compare, as of Aug 14, 2026.

As of Aug 14, 2026, Fair Value Calculator sees S&P Global as the less overvalued of the two: Hong Kong Exchange and Clearing trades at HK$408 versus a fair value of HK$183 (-55%), while S&P Global trades at $423 versus $196 (-54%).
Hong Kong Exchange and Clearing
0388.HK · HKD · Financials
-55%
upside to fair value
overvalued
PriceHK$408
Fair ValueHK$183
Quality76/100
S&P Global
SPGI · USD · Financials
-54%
upside to fair value
overvalued
Price$423
Fair Value$196
Quality80/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Hong Kong Exchange and ClearingS&P Global
Valuation
27.0×P/E (TTM)28.1×
16.39×P/S (TTM)8.61×
8.50×P/B4.33×
13.5×EV/EBITDA18.6×
1.85×PEG1.85×
—Dividend yield0.9%
—Dividend per share$3.85
Profitability
63%Net margin30%
77%Operating margin44%
35%Return on equity14%
3%Return on assets7%
Growth
19%Revenue growth (YoY)10%
19.9%Avg. growth/yr (3Y)11.1%
11.6%Avg. growth/yr (5Y)15.6%
Balance & size
0.00×Debt / equity0.40×
$63BMarket cap$135B
healthyGrowth qualityhealthy

Hong Kong Exchange and Clearing leads: 8 to 5 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Hong Kong Exchange and Clearingof which business quality 75 · market factors 50 S&P Globalof which business quality 74 · market factors 44
ProfitabilityMargins and returns on capital today
49
50
Quality GrowthAre margins and returns improving?
60
59
CashflowEarnings quality: real cash, not paper profit
87
88
Fin. StrengthBalance sheet, leverage, solvency risk
100
66
InvestmentDisciplined investing over empire-building
63
100
Low VolatilityCalm price path (market factor)
77
60
MomentumPrice trend over the last 3–12 months (market factor)
37
45
52W MomentumDistance to the 52-week high (market factor)
41
23
Net IssuanceBuybacks instead of dilution
82
99

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Hong Kong Exchange and Clearing

DCF ModelsHK$435
Earnings-BasedHK$320
Dividend DiscountHK$207
MultiplesHK$123
Asset-BasedHK$30.82
Growth DCFHK$563
Economic ProfitHK$103

7 of 12 models see the stock below the current price.

S&P Global

DCF Models$217
Earnings-Based$214
Dividend Discount$68.00
Multiples$172
Asset-Based$70.70
Growth DCF$208
Economic Profit$133

13 of 13 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Hong Kong Exchange and Clearing
Bear HK$137Fair Value HK$183Bull HK$322
HK$408 = current price (white tick)
S&P Global
Bear $135Fair Value $196Bull $300
$423 = current price (white tick)

Compare two other stocks

Tap a field and type again, ticker or company name.

Free, no sign-up

Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Hong Kong Exchange and Clearing · Financials

Quality score76 · Top 25%
Fair value upside-55% · bottom 25%

S&P Global · Financials

Quality score80 · Top 25%
Fair value upside-54% · bottom 25%

Bottom line

As of Aug 14, 2026, Fair Value Calculator sees S&P Global as the less overvalued of the two: Hong Kong Exchange and Clearing trades at HK$408 versus a fair value of HK$183 (-55%), while S&P Global trades at $423 versus $196 (-54%).

S&P Global has the higher quality score (80/100).

See the full analysis →
Hong Kong Exchange and Clearing · S&P Global

More comparisons

Popular match-ups from the same sectors, all with fair value and quality score.

Related to Hong Kong Exchange and Clearing

Alphabet Inc Class C vs Verizon CommunicationsAlphabet Inc Class C vs At&tAlphabet Inc Class C vs NetEaseAmazon.com vs Toyota Motor Corporation

Related to S&P Global

Amazon.com vs PDD HoldingsAmazon.com vs Sony GroupMeta Platforms vs Verizon CommunicationsMeta Platforms vs At&t
Free · Top-25 report

See the undervalued quality stocks every month

Just your email for the monthly Top-25 report of the most undervalued quality stocks, with fair value, quality and price target. Plus 14 days of Pro to try, no card.

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click. Not financial advice.

A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.