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STOCK COMPARISON

Multi Commodity Exchange of India vs S&P Global: Fair Value & Quality

Both stocks run through our valuation models. Here is how Multi Commodity Exchange of India (MCX) and S&P Global (SPGI) compare, as of Aug 10, 2026.

As of Aug 10, 2026, Fair Value Calculator sees S&P Global as the less overvalued of the two: Multi Commodity Exchange of India trades at ₹2,638 versus a fair value of ₹1,191 (-55%), while S&P Global trades at $408 versus $196 (-52%).
Multi Commodity Exchange of India
MCX.NSE · INR · Financials
-55%
upside to fair value
overvalued
Price₹2,638
Fair Value₹1,191
Quality80/100
S&P Global
SPGI · USD · Financials
-52%
upside to fair value
overvalued
Price$408
Fair Value$196
Quality80/100

Head-to-head numbers

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

Multi Commodity Exchange of IndiaS&P Global
Valuation
53.4×P/E (TTM)28.1×
30.44×P/S (TTM)8.61×
25.96×P/B4.33×
40.3×EV/EBITDA18.6×
PEG1.85×
0.3%Dividend yield0.9%
₹8.00Dividend per share$3.85
Profitability
55%Net margin30%
74%Operating margin44%
38%Return on equity14%
18%Return on assets7%
Growth
200%Revenue growth (YoY)10%
75.7%Avg. growth/yr (3Y)11.1%
47.5%Avg. growth/yr (5Y)15.6%
Balance & size
Debt / equity0.40×
$8BMarket cap$135B
healthyGrowth qualityhealthy

Multi Commodity Exchange of India leads: 7 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.

Multi Commodity Exchange of Indiaof which business quality 80 · market factors 68 S&P Globalof which business quality 74 · market factors 37
ProfitabilityMargins and returns on capital today
74
50
Quality GrowthAre margins and returns improving?
83
59
CashflowEarnings quality: real cash, not paper profit
100
88
Fin. StrengthBalance sheet, leverage, solvency risk
88
66
InvestmentDisciplined investing over empire-building
32
100
Low VolatilityCalm price path (market factor)
69
60
MomentumPrice trend over the last 3–12 months (market factor)
60
33
52W MomentumDistance to the 52-week high (market factor)
79
17
Net IssuanceBuybacks instead of dilution
81
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.

Multi Commodity Exchange of India

DCF Models₹2,148
Earnings-Based₹2,156
Dividend Discount₹115
Multiples₹418
Asset-Based₹74.97
Growth DCF₹4,566
Economic Profit₹1,035

11 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.

Multi Commodity Exchange of India
Bear ₹643Fair Value ₹1,191Bull ₹4,462
₹2,638 = current price (white tick)
S&P Global
Bear $138Fair Value $196Bull $305
$408 = current price (white tick)

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Ranked within their sector

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

Multi Commodity Exchange of India · Financials

Quality score80 · Top 25%
Fair value upside-55% · bottom 25%

S&P Global · Financials

Quality score80 · Top 25%
Fair value upside-52% · bottom 25%

Bottom line

As of Aug 10, 2026, Fair Value Calculator sees S&P Global as the less overvalued of the two: Multi Commodity Exchange of India trades at ₹2,638 versus a fair value of ₹1,191 (-55%), while S&P Global trades at $408 versus $196 (-52%).

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

See the full analysis →

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