MSCI INC.
MSCI · Technology · $46.3B mkt cap · FY2025 filings · Wide moat
On the watchlist
The four filters
Pricing power100
Median gross margin 80.0% over 5y, very stable.
Returns on capital100
Median ROIC 38.2%, above the 9% hurdle in 100% of years.
Balance-sheet safety25
Net debt/EBITDA 3.3x, interest coverage 8x.
Capital discipline100
Owner earnings +18.4%/yr, share count shrinking (buybacks).
Margin of safety
Above valueOn sale
- Owner earnings (normalized)
- $1.1B
- Est. intrinsic value / share
- $271.39
- Recent price
- $628.99
- Discount to value
- 132% above value
Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).
Moat Score history
Score history begins 2026-07-17. Check back as the record builds.
Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.