ICE vs SPGI

Intercontinental Exchange Inc. vs S&P Global Inc. — Valuation Comparison 2026

By CirclFi Research Team · Updated 2026-06-03 · Data from SEC EDGAR, FRED & GDELT

Quick Summary — ICE scores higher on quality with 9.1/10 vs SPGI's 7.3/10. ICE trades at $142.38 while SPGI trades at $417.46. Both analyzed daily using SEC EDGAR data across 13 institutional models.

ICE

Financial Data & Stock Exchanges
Intercontinental Exchange Inc.
Quality
9.1
out of 10
Value Trap
17
SAFE
Price
$142.38
Last close
Models
12/13
Active
VS

SPGI

Financial Data & Stock Exchanges
S&P Global Inc.
Quality
7.3
out of 10
Value Trap
31
LOW
Price
$417.46
Last close
Models
12/13
Active
ICE
Quality Score 9.1/10 — top tier
Limited to 2/13 visible models
SPGI
2 models active
Limited to 2/13 visible models

ICE vs SPGI — Fair Value Comparison

ICE
$0$56$112$168 Price$142.38 Bayesian …$68.53 (-51.9%) Earnings …$41.88 (-70.6%)
SPGI
$0$164$328$493 Price$417.46 Bayesian …$110.72 (-73.5%) Earnings …$85.06 (-79.6%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType ICE Fair ValueICE Upside SPGI Fair ValueSPGI Upside
Bayesian DCF Intrinsic $68.53 -51.9% $110.72 -73.5%
Earnings Power Value Intrinsic $41.88 -70.6% $85.06 -79.6%
EROIC Spread Intrinsic $•••.•• ••.•% $•••.•• ••.•%
First Chicago Scenario $•••.•• ••.•% $•••.•• ••.•%
Markov DDM Intrinsic $•••.•• ••.•% $•••.•• ••.•%
ML-RIV Intrinsic $•••.•• ••.•% $•••.•• ••.•%
PWERM Option-Based $•••.•• ••.•% $•••.•• ••.•%
Regime Cross-Sectional Relative $•••.•• ••.•% $•••.•• ••.•%
Sentiment SOTP Hybrid $•••.•• ••.•% $•••.•• ••.•%
CUCE Ensemble Ensemble $•••.•• ••.•% $•••.•• ••.•%
FTNN Topology Relative $•••.•• ••.•% $•••.•• ••.•%
RCMH-DCF Intrinsic $•••.•• ••.•% $•••.•• ••.•%

ICE vs SPGI — Which Stock Is More Undervalued in 2026?

ICE scores higher with a 9.1/10 quality rating vs SPGI's 7.3/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do ICE and SPGI Valuations Compare?

At $142.38, ICE trades +51.9% above its Bayesian DCF fair value of $68.53, while SPGI at $417.46 trades +73.5% above its estimate of $110.72. SPGI shows a wider gap between price and intrinsic value.

Quality of Company: ICE vs SPGI

ICE earns a Quality of Company score of 9.1/10 compared to SPGI's 7.3/10. This moderate difference suggests one company has an edge in fundamental quality, though both may offer investment merit depending on valuation. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: ICE vs SPGI

ICE carries a SAFE value trap risk (17/100) while SPGI shows LOW risk (31/100). Both companies show manageable value trap risk, suggesting their current valuations are not artificially depressed by fundamental deterioration.

Both in Financial Data & Stock Exchanges

Both ICE and SPGI operate in Financial Data & Stock Exchanges, which has 13 stocks tracked by CirclFi. Same-industry comparisons provide the most direct insight into relative valuation since both companies face similar regulatory environments, market dynamics, and competitive pressures. Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN), and ensemble methods (CUCE).

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