MoatScopeMobility Global Inc.MBGL
Spin-off from S&P Global Inc. (SPGI) · Jul 1, 2026 · NYSE
one share of Mobility common stock for every share of S&P Global common stock
Documents
Both companies today
Moat ratings, quality scores and fair value estimates are MoatScope research opinions and refresh with the data pipeline. Price / FV below 1.00× means the shares trade under our base-case estimate.
What is being separated
Mobility Global is the former S&P Global Mobility division: automotive data, software and insights spanning the vehicle and consumer purchasing lifecycle for OEMs, dealers, suppliers and finance and insurance firms, built on a contributory network of more than 177,000 data sources. It issued $2.0 billion of senior notes and put a $500 million revolving credit facility in place at separation.
Stated rationaleS&P Global said in April 2025 that a stand-alone Mobility company could pursue its own strategy and capital allocation while S&P Global concentrated on its financial information, ratings and benchmark businesses.
The four questions
Indiscriminate selling
StrongManagement incentives
PartialThe hidden jewel
StrongLeverage
PartialThe write-up
S&P Global distributed Mobility Global on July 1, 2026, one Mobility share for every S&P Global share. Mobility is the former S&P Global Mobility division: automotive data, software and insights spanning the vehicle and consumer purchasing lifecycle for automakers, dealers, suppliers and finance and insurance firms, built on a contributory network of more than 177,000 data sources, with CARFAX as its consumer-facing brand. It issued $2.0 billion of senior notes and arranged a $500 million revolver at separation. The parent — a $135 billion company with a Wide moat and a quality score of 65 on MoatScope's framework, trading at 0.89× its fair value estimate — keeps ratings, indices, market intelligence and energy.
Not investment advice. Terms are as stated in the latest filing; spin-off shares are often thinly covered and volatile in their first months. Write-up dated Sep 8, 2026.