US · USD

MSCI

MSCI Inc

$535.95-1.73% (-$9.44)
Day's range
$535.95 – $549.89
Day's volume
$259.3M
52-week range
$506.19 – $641.54

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MSCI in numbers

Market cap
$39B
P/E
28.69
P/B
-14.49
Dividend yield (12m)
1.48%
Net debt/EBITDA
3.20

The 12-month dividend yield of MSCI is 1.48%, above its 5-year average of 0.98%.

MSCI price history

10/03/202510/02/2026
Compare with

MSCI risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-3.86%+6.59%-9.98%
Volatility (annualized)21.44%20.72%26.20%
Largest drawdown-14.81%-21.97%-34.22%
Positive months7/1218/3627/60

How much did investing in MSCI return?

$1,000.00 invested on 11/01/2021 would be worth $900.18 today.

Value today in MSCI
$900.18
Return over the period
-9.98%
Return per year
-2.12%
In the S&P 500
$1,690.98

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

MSCI fundamentals

Valuation

  • P/E
    28.69
  • P/B
    -14.49
  • EV/EBITDA
    23.92
  • EV/EBIT
    24.24
  • EV/Revenue
    13.49
  • P/EBIT
    21.00
  • P/S
    11.69
  • P/OCF
    23.93
  • P/FCF
    24.38
  • Earnings yield
    4.12%
  • PEG ratio
    —
  • Earnings per share
    $18.68
  • Book value per share
    -$36.99

Debt

  • Net debt
    $6B
  • Net debt/EBITDA
    3.20
  • Net debt/Equity
    -2.24
  • Debt/Equity
    -2.37
  • Current ratio
    0.89
  • Quick ratio
    —
  • Cash ratio
    0.22

Efficiency

  • Gross margin
    —
  • EBITDA margin
    56.43%
  • Operating margin
    55.66%
  • Net margin
    40.74%
  • Asset turnover
    0.60

Profitability

  • ROE
    -50.49%
  • ROA
    24.24%
  • ROIC
    47.48%
  • Payout
    42.56%

Growth

  • Revenue CAGR (5 years)
    12.55%
  • Earnings CAGR (5 years)
    14.15%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is MSCI's fair price?

Two classic value formulas, with today's numbers. The current price is $535.95.

Graham's fair price
—
Does not apply to MSCI: the formula needs positive earnings and book value.

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
$91.13
83.00% below the price

$5.47 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

MSCI's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator20252024202320222021202020192018
P/E35.0642.0138.9542.7268.5961.2738.8524.48
P/B-15.88-49.57-60.48-36.90-304.60-83.19-285.42-74.67
EV/EBITDA27.5432.8034.7132.9847.6942.5829.8619.64
Dividend yield1.25%1.07%0.98%0.98%0.59%0.65%0.98%1.30%
Earnings per share$16.36$14.28$14.52$10.89$8.93$7.29$6.65$6.02
Book value per share-$36.13-$12.11-$9.35-$12.61-$2.01-$5.37-$0.90-$1.97
ROE-45.29%-117.99%-155.26%-86.37%-444.12%-135.78%-734.74%-305.05%
ROIC45.47%39.54%35.13%40.12%35.22%47.81%47.43%36.80%
Gross margin—————82.79%81.07%79.96%
EBITDA margin55.42%54.11%55.58%54.90%53.91%53.94%50.44%50.09%
Net margin38.36%38.83%45.42%38.72%35.53%35.50%36.18%35.42%
Net debt/EBITDA3.272.652.882.852.492.261.992.33

MSCI's financial statements

Line202520242023202220212020
Net revenue$3.1B$2.9B$2.5B$2.2B$2B$1.7B
Cost of revenue—————-$291.7M
Gross profit—————$1.4B
EBITDA$1.7B$1.5B$1.4B$1.2B$1.1B$914.6M
EBIT$1.7B$1.5B$1.4B$1.2B$1.1B$884.8M
Financial result-$219.3M-$172.4M-$15.5M-$163.8M-$214.6M-$198.5M
Income before tax$1.5B$1.4B$1.4B$1B$858.1M$686.2M
Income tax-$292M-$247M-$220.5M-$173.3M-$132.2M-$84.4M
Net income$1.2B$1.1B$1.1B$870.6M$726M$601.8M

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does MSCI pay dividends?

Dividend yield per year

  • 1.04%2017
  • 1.30%2018
  • 0.98%2019
  • 0.65%2020
  • 0.59%2021
  • 0.98%2022
  • 0.98%2023
  • 1.07%2024
  • 1.25%2025
  • 1.15%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend08/13/202608/28/2026$2.05
Dividend05/14/202605/29/2026$2.05
Dividend02/12/202602/27/2026$2.05
Dividend11/13/202511/28/2025$1.80
Dividend08/14/202508/29/2025$1.80
Dividend05/15/202505/30/2025$1.80
Dividend02/13/202502/28/2025$1.80
Dividend11/14/202411/29/2024$1.60
Dividend08/15/202408/30/2024$1.60
Dividend05/15/202405/31/2024$1.60
Dividend02/14/202402/29/2024$1.60
Dividend11/07/202311/30/2023$1.38
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend08/09/202308/31/2023$1.38
Dividend05/10/202305/31/2023$1.38
Dividend02/15/202302/28/2023$1.38
Dividend11/08/202211/30/2022$1.25
Dividend08/10/202208/31/2022$1.25
Dividend05/11/202205/31/2022$1.04
Dividend02/16/202202/28/2022$1.04
Dividend11/09/202111/30/2021$1.04
Dividend08/11/202108/31/2021$1.04
Dividend05/12/202105/28/2021$0.78
Dividend02/17/202102/26/2021$0.78
Dividend11/11/202011/30/2020$0.78
Dividend08/12/202008/31/2020$0.78
Dividend05/13/202005/29/2020$0.68
Dividend02/19/202003/06/2020$0.68
Dividend11/13/201911/27/2019$0.68
Dividend08/14/201908/30/2019$0.68
Dividend05/15/201905/31/2019$0.58
Dividend02/20/201903/15/2019$0.58
Dividend11/14/201811/30/2018$0.58
Dividend08/15/201808/31/2018$0.58
Dividend05/16/201805/31/2018$0.38
Dividend02/14/201803/15/2018$0.38
Dividend11/15/201711/30/2017$0.38
Dividend08/15/201708/31/2017$0.38
Dividend05/16/201705/31/2017$0.28
Dividend02/14/201703/15/2017$0.28
Dividend11/08/201611/30/2016$0.28

About Msci

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Questions about MSCI

How much is MSCI today?

MSCI is at $535.95 (-1.73% on the day), last traded on 10/02/2026.

How much did MSCI pay in dividends in 2025?

MSCI paid $7.20 per share in 2025, a dividend yield of 1.25%.

What are the P/E and P/B of MSCI?

MSCI trades at a P/E of 28.69 and a P/B of -14.49.

How much did MSCI return in 12 months?

MSCI returned -3.86% in 12 months, with annualized volatility of 21.44% and a largest drawdown of -14.81%.