Question 1

What is Moody's's P/E ratio?

Accepted Answer

Moody's (MCO) P/E ratio is 30.8× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Moody's?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Moody's specifically, the relevant sector benchmark is the current sector median of 13.1×.

Question 5

Is Moody's's P/E ratio high or low?

Accepted Answer

Moody's's P/E ratio of 30.8× is below its own 5-year average of 37.7× and above the sector median of 13.1×. That places the current reading at the 13th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Moody's's historical P/E ratio range?

Accepted Answer

In the available daily series, Moody's (MCO) P/E ratio has ranged from a low of 10.3× in 2008 to a high of 67.5× in 2016. The 5-year average is 37.7× and the 5-year median is 38.3×.

Question 7

What was Moody's's P/E ratio in 2025?

Accepted Answer

Moody's (MCO) P/E ratio at the end of 2025 was 37.0×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Moody's's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$90.9B	$2.46B	37.0×	-4.9×	Dec 31, 2025
2024	$86.1B	$2.06B	41.8×	-2.6×	Dec 31, 2024
2023	$71.4B	$1.61B	44.4×	+7.3×	Dec 31, 2023
2022	$51B	$1.37B	37.1×	+4.4×	Dec 31, 2022
2021	$72.6B	$2.21B	32.8×	+2.2×	Dec 31, 2021
2020	$54.4B	$1.78B	30.6×	-0.8×	Dec 31, 2020
2019	$44.7B	$1.42B	31.4×	+11.0×	Dec 31, 2019
2018	$26.8B	$1.31B	20.5×	-7.7×	Dec 31, 2018
2017	$28.2B	$1B	28.2×	-39.3×	Dec 31, 2017
2016	$18B	$267M	67.5×	+46.5×	Dec 31, 2016
2015	$19.8B	$941M	21.0×	+1.0×	Dec 31, 2015
2014	$19.8B	$989M	20.0×	-0.9×	Dec 31, 2014
2013	$16.8B	$805M	20.9×	+4.6×	Dec 31, 2013
2012	$11.2B	$690M	16.3×	+3.2×	Dec 31, 2012
2011	$7.48B	$571M	13.1×	+1.1×	Dec 31, 2011
2010	$6.08B	$508M	12.0×	-3.7×	Dec 31, 2010
2009	$6.34B	$404M	15.7×	+5.4×	Dec 31, 2009
2008	$4.73B	$458M	10.3×	-2.3×	Dec 31, 2008
2007	$8.83B	$702M	12.6×	-12.6×	Dec 31, 2007
2006	$19B	$754M	25.2×	-6.6×	Dec 31, 2006
2005	$17.8B	$561M	31.8×	+1.5×	Dec 31, 2005
2004	$12.9B	$425M	30.3×	+5.5×	Dec 31, 2004
2003	$9.03B	$364M	24.8×	+3.7×	Dec 31, 2003
2002	$6.11B	$289M	21.2×	—	Dec 31, 2002


Ameriprise Financial (AMP)	10.6×
Auburn National Bancorporation (AUBN)	10.5×
1st Source (SRCE)	10.5×
Truist Financial (TFC)	10.4×
Eagle Financial Services (EFSI)	10.0×
Prudential Financial (PRU)	9.8×
UMB Financial (UMBF)	9.7×
T. Rowe Price (TROW)	9.6×
Old Republic International (ORI)	9.5×
First Financial (THFF)	9.3×
Globe Life (GL-PD)	9.3×
Hartford Insurance Group (HIG)	9.3×
Assured Guaranty (AGO)	8.9×
Cincinnati Financial (CINF)	8.8×
Federal Agricultural Mortgage (AGM)	8.8×
Travelers Companies (TRV)	8.4×
PayPal (PYPL)	8.2×
PSB Holdings (PSBQ)	7.5×
Arch Capital Group (ACGL)	7.1×
AXIS Capital Holdings (AXS)	7.0×
Tompkins Financial (TMP)	6.7×
Everest Group (EG)	6.5×
Mercury General (MCY)	5.8×
Allstate (ALL)	4.4×
Atlantic Union Bankshares (AUB)	0.0×

P/E Ratio for Moody's (MCO) 2002-2026

P/E Ratio daily chart for Moody's (MCO)

Historical P/E Ratio for Moody's (MCO) from 2002 to 2025

About P/E Ratio at Moody's (MCO)

Moody's P/E Ratio by Year

Moody's P/E Ratio 2025: 37.0×

Moody's P/E Ratio 2024: 41.8×

Moody's P/E Ratio 2023: 44.4×

Moody's P/E Ratio 2022: 37.1×

Moody's P/E Ratio 2021: 32.8×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Moody's (MCO) Key Financials