SPGI Fell 8.4% In A Month. What To Do Now?
S&P Global (SPGI) stock is down 8.4% in 21 trading days. The stock looks fairly priced at the moment, though history suggests you may benefit from buying dips. Consider the following data:
- Size: A $155 Bil company with $15 Bil in revenue currently trading at $507.80.
- Fundamentals: Last 12 month revenue growth of 10.7% and operating margin of 39.2%.
- Liquidity: Has Debt to Equity ratio of 0.08 and Cash to Assets ratio of 0.03
- Valuation: Currently trading at P/E multiple of 38.7 and P/EBIT multiple of 26.3
- Has one instance since 2010 where it dipped >30% in < 30 days and subsequently returned 82% within a year. See SPGI Dip Buy Analysis.
While we like to buy dips if the fundamentals check out – for SPGI, see Buy or Sell SPGI Stock – we are wary of falling knives. Specifically, it is worth trying to answer if things get really bad, and SPGI drops another 20-30% to $355.46 levels, will we be able to hold on to the stock? What is the worst case scenario? We call it downturn resilience.
Below is a deep dive into S&P Global (SPGI) downturn resilience – specifically, its performance vs the market during past crises? Turns out, the stock has fared worse than the S&P 500 index during various economic downturns. We assess this based on both (a) how much the stock fell and, (b) how quickly it recovered.
Below are the details, but before that, as a quick background: SPGI provides credit ratings, benchmarks, analytics, and workflow solutions across global capital, commodity, and automotive markets to empower business and technical decision-making.
2022 Inflation Shock
- SPGI stock fell 40.2% from a high of $478.97 on 15 December 2021 to $286.62 on 14 October 2022 vs. a peak-to-trough decline of 25.4% for the S&P 500.
- However, the stock fully recovered to its pre-Crisis peak by 15 July 2024
- Since then, the stock increased to a high of $564.15 on 14 August 2025 , and currently trades at $507.80
| SPGI | S&P 500 | |
|---|---|---|
| % Change from Pre-Recession Peak | -40.2% | -25.4% |
| Time to Full Recovery | 640 days | 464 days |
2020 Covid Pandemic
- SPGI stock fell 38.3% from a high of $311.16 on 19 February 2020 to $192.05 on 23 March 2020 vs. a peak-to-trough decline of 33.9% for the S&P 500.
- However, the stock fully recovered to its pre-Crisis peak by 18 May 2020
| SPGI | S&P 500 | |
|---|---|---|
| % Change from Pre-Recession Peak | -38.3% | -33.9% |
| Time to Full Recovery | 56 days | 148 days |
2018 Correction
- SPGI stock fell 26.0% from a high of $214.78 on 25 July 2018 to $159.00 on 24 December 2018 vs. a peak-to-trough decline of 19.8% for the S&P 500.
- However, the stock fully recovered to its pre-Crisis peak by 9 April 2019
| SPGI | S&P 500 | |
|---|---|---|
| % Change from Pre-Recession Peak | -26.0% | -19.8% |
| Time to Full Recovery | 106 days | 120 days |
2008 Global Financial Crisis
- SPGI stock fell 75.8% from a high of $71.96 on 4 June 2007 to $17.39 on 9 March 2009 vs. a peak-to-trough decline of 56.8% for the S&P 500.
- However, the stock fully recovered to its pre-Crisis peak by 14 November 2013
| SPGI | S&P 500 | |
|---|---|---|
| % Change from Pre-Recession Peak | -75.8% | -56.8% |
| Time to Full Recovery | 1711 days | 1480 days |
Worried that SPGI could fall much more? You could take a look at the Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 – the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.