Question 1

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

Accepted Answer

Moody's (MCO) P/S ratio is 10.6× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

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

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Moody's specifically, the relevant sector benchmark is the current sector median of 2.3×.

Question 5

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

Accepted Answer

Moody's's P/S ratio of 10.6× is below its own 5-year average of 10.9× and above the sector median of 2.3×. That places the current reading at the 34th 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/S ratio range?

Accepted Answer

In the available daily series, Moody's (MCO) P/S ratio has ranged from a low of 2.5× in 2010 to a high of 14.0× in 2025. The 5-year average is 10.9× and the 5-year median is 11.5×.

Question 7

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

Accepted Answer

Moody's (MCO) P/S ratio at the end of 2025 was 11.8×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$7.72B	11.8×	-0.4×	Dec 31, 2025
2024	$86.1B	$7.09B	12.1×	+0.1×	Dec 31, 2024
2023	$71.4B	$5.92B	12.1×	+2.7×	Dec 31, 2023
2022	$51B	$5.47B	9.3×	-2.3×	Dec 31, 2022
2021	$72.6B	$6.22B	11.7×	+1.5×	Dec 31, 2021
2020	$54.4B	$5.37B	10.1×	+0.9×	Dec 31, 2020
2019	$44.7B	$4.83B	9.3×	+3.2×	Dec 31, 2019
2018	$26.8B	$4.44B	6.0×	-0.7×	Dec 31, 2018
2017	$28.2B	$4.2B	6.7×	+1.7×	Dec 31, 2017
2016	$18B	$3.6B	5.0×	-0.7×	Dec 31, 2016
2015	$19.8B	$3.48B	5.7×	-0.3×	Dec 31, 2015
2014	$19.8B	$3.33B	5.9×	+0.3×	Dec 31, 2014
2013	$16.8B	$2.97B	5.7×	+1.5×	Dec 31, 2013
2012	$11.2B	$2.73B	4.1×	+0.8×	Dec 31, 2012
2011	$7.48B	$2.28B	3.3×	+0.3×	Dec 31, 2011
2010	$6.08B	$2.03B	3.0×	-0.5×	Dec 31, 2010
2009	$6.34B	$1.8B	3.5×	+0.8×	Dec 31, 2009
2008	$4.73B	$1.76B	2.7×	-1.2×	Dec 31, 2008
2007	$8.83B	$2.26B	3.9×	-5.4×	Dec 31, 2007
2006	$19B	$2.04B	9.3×	-1.0×	Dec 31, 2006
2005	$17.8B	$1.73B	10.3×	+1.3×	Dec 31, 2005
2004	$12.9B	$1.44B	9.0×	+1.7×	Dec 31, 2004
2003	$9.03B	$1.25B	7.2×	+1.3×	Dec 31, 2003
2002	$6.11B	$1.02B	6.0×	—	Dec 31, 2002


Citigroup (C)	1.5×
W. R. Berkley (WRB)	1.5×
American International Group (AIG)	1.5×
Capital One Financial (COF)	1.5×
Travelers Companies (TRV)	1.4×
Federal Agricultural Mortgage (AGM)	1.4×
Franklin Resources (BEN)	1.4×
Brookfield (BN)	1.3×
American Financial Group (AFG)	1.3×
Hartford Insurance Group (HIG)	1.3×
Markel (MKL)	1.3×
PSB Holdings (PSBQ)	1.3×
Principal Financial Group (PFG)	1.3×
PayPal (PYPL)	1.2×
Loews (L)	1.2×
AXIS Capital Holdings (AXS)	1.1×
Old Republic International (ORI)	1.0×
Assurant (AIZ)	0.8×
Allstate (ALL)	0.8×
Mercury General (MCY)	0.8×
Everest Group (EG)	0.8×
MetLife (MET)	0.6×
Prudential Financial (PRU)	0.5×
StoneX Group (SNEX)	0.0×
Atlantic Union Bankshares (AUB)	0.0×

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

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

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

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

Moody's P/S Ratio by Year

Moody's P/S Ratio 2025: 11.8×

Moody's P/S Ratio 2024: 12.1×

Moody's P/S Ratio 2023: 12.1×

Moody's P/S Ratio 2022: 9.3×

Moody's P/S Ratio 2021: 11.7×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Moody's (MCO) Key Financials