Msci (MSCI) EV to FCF (2010 - 2026)
Msci's EV to FCF came in at 24.35 for Q3 2026, down 14.9% from 28.61 a year earlier and down 3.6% from the prior quarter.
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Analysis
Msci (MSCI) EV to FCF (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Msci reported EV to FCF of 23.56, down 15.4% year-over-year; for FY2025, it came in at 26.93, down 14.5% from FY2024.
- Going back by year, EV to FCF was 31.50 in FY2024 (-13.7%), 36.49 in FY2023 (+9.0%), 33.47 in FY2022 (-37.5%) and 53.59 in FY2021 (+18.9%).
- The Q3 2026 figure represents the lowest quarterly EV to FCF since Q4 2018.
- Year-over-year, EV to FCF has declined for five consecutive quarters, with an average decline of 11.8% over the last eight quarters.
- The fastest year-over-year change in EV to FCF over five years came in Q4 2021 (growth of 18.9%), and the weakest in Q3 2022 (a decline of 43.2%).
- Business Quant data shows MSCI's EV to FCF at 25.26 (Q2 2026), 24.89 (Q1 2026) and 26.93 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | S&P Global | 133.53 Bn | 129.14 Bn | 2.98 Bn |
| 2 | Moodys | 84.66 Bn | 77.72 Bn | 1.50 Bn |
| 3 | Msci | 44.49 Bn | 42.98 Bn | 739.80 Mn |
| 4 | Verisk Analytics | 26.46 Bn | 21.10 Bn | 572.90 Mn |
| 5 | Equifax | 21.92 Bn | 21.32 Bn | 940.10 Mn |
| 6 | TransUnion | 16.01 Bn | 12.99 Bn | - |
| 7 | Factset Research Systems | 11.83 Bn | 10.68 Bn | 308.40 Mn |
| 8 | Morningstar | 8.38 Bn | 6.28 Bn | 423.90 Mn |
| 9 | Mastercard | 550.99 Bn | 510.91 Bn | - |
| 10 | Cme | 109.93 Bn | 98.03 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 24.35 |
| Jun 30, 2026 | 25.26 |
| Mar 31, 2026 | 24.89 |
| Dec 31, 2025 | 26.93 |
| Sep 30, 2025 | 28.61 |
| Jun 30, 2025 | 30.61 |
| Mar 31, 2025 | 29.77 |
| Dec 31, 2024 | 31.50 |
| Sep 30, 2024 | 31.45 |
| Jun 30, 2024 | 28.63 |
| Mar 31, 2024 | 35.07 |
| Dec 31, 2023 | 36.49 |
| Sep 30, 2023 | 34.84 |
| Jun 30, 2023 | 31.06 |
| Mar 31, 2023 | 39.87 |
| Dec 31, 2022 | 33.47 |
| Sep 30, 2022 | 31.70 |
| Jun 30, 2022 | 34.76 |
| Mar 31, 2022 | 42.51 |
| Dec 31, 2021 | 53.59 |
API Access
Msci EV to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=MSCI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "ticker": "MSCI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=MSCI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();