Is S&P Global Stock Built to Withstand More Downside?
S&P Global (SPGI) stock is down 21.8% in 21 trading days. The recent slide reflects renewed concerns around disappointing earnings guidance and rising AI investments, but sharp drops like this often raise a tougher question: is the weakness temporary, or a sign of deeper cracks in the story?
Before judging its downturn resilience, let’s look at where S&P Global stands today.
- Size: S&P Global is a $126 Bil company with $15 Bil in revenue currently trading at $417.30.
- Fundamentals: Last 12-month revenue growth of 7.9% and operating margin of 40.3%.
- Liquidity: Has Debt to Equity ratio of 0.11 and Cash to Assets ratio of 0.03
- Valuation: S&P Global stock is currently trading at P/E multiple of 28.2 and P/EBIT multiple of 19.3
- Has one instance since 2010 where it dipped >30% in < 30 days and subsequently returned 82% within a year. See SPGI Dip Buy Analysis.
These metrics point to a Strong operational performance, alongside High valuation – making the stock Fairly Priced. For details, see Buy or Sell SPGI Stock
That brings us to the key consideration for investors worried about this fall: how resilient is SPGI stock if markets turn south? This is where our downturn resilience framework comes in. Suppose SPGI stock falls another 20-30% to $292 – can investors comfortably hold on? Turns out, the stock has fared worse than the S&P 500 index during various economic downturns, based on (a) how much the stock fell and, (b) how quickly it recovered. Below, we dive deeper into each such downturn.
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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 $417.30
| 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 | 1,711 days | 1,480 days |
Feeling jittery about SPGI stock? Consider a portfolio approach.
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