Framework Journal · one stock, one dated entry

Recorded 2026-07-24 · Permanent

Moody's Corporation MCO

Outside both standards

An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.

In plain words · Moody's Corporation, together with its subsidiaries, operates as an integrated risk assessment firm in the United States, the rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

The label
Markup

read at $471.50

Moody's Corporation holds its Markup at $471.50.

PHINPOOPSC
  • PHPhase · the trend structure carries the Markup label
  • INInsiders · no filings inside 60 days, left as found
  • POPositioning · no disclosures inside 60 days, left as found
  • OPOptions · no verdict drawn today, left as found
  • SCScreen · does not pass the values gate
  • edge confirmed
  • edge broken
  • edge forming

Each arm is one independent read. Conviction is not a single call, it is how many edges converge.

The investor read · the season, not the day

As held on the ledger · 2026-07-24
PhaseMarkup
Quantitative stateConsolidating, no directional conviction, held for 47 days
Price$471.50
Valuation29.90 trailing · 25.04 forward price to earnings
Values screenFAIL · score 10.0
Beta1.34

The opportunity · what the numbers say it is worth

Our framework reads AVOID — it trades above our $423.73 fair value estimate, strong competitive moat, 15.10% revenue growth.

Read at
$471.50
29.90 P/E · 25.04 fwd
Our fair value
$423.73
10% premium
Analyst target (avg)
$565.00
+20% to current
Target low $500.00Analyst target rangeTarget high $610.00
▲ current $471.50 · | average target

Price history & projections · where it has been, where the models see it going

$633$469$305TODAY5y agoPROJECTIONAnalyst high$610.00 +35%Analyst avg$565.00 +25%Conservative$423.73 -6%Our fair value$423.73 -6%

The valuation journey · where the price sits against fair value and the Street

Current
$471.50
you are here
Conservative
$423.73
-10%
Analyst avg
$565.00
+20%
Our fair value
$423.73
-10%
Analyst high
$610.00
+29%

Green marks levels above today's price, red below; the shaded band is the gap between the price and our fair value.

Reading the gap · Our more conservative model reads it as fully-to-richly valued here, while the Street is more bullish — a quality-at-a-fair-price name rather than a deep-value one.

Revenue growth15.10%
Profit margin34.25%
Debt to equity237.59
Analyst consensusBuy · 21 covering

Fair value and rating are our own model estimates; target range reflects third-party analyst estimates. Analysis, not advice.

The values screen, explained · five checks, plain English

This company is excluded by both standards. There are two widely recognised ways to check whether a company is suitable for a Muslim investor. It fails on both:

The common standard · AAOIFI
Used by most halal investing apps
✗ DOES NOT PASS
Our stricter standard · asset-based
The one Titan applies
✗ DOES NOT PASS

Why it fails. The problem is its business activity screen. Because both standards agree on this, it is a clear exclusion, not a borderline case.

What these two standards are, and how they differ →

  • Business activity Business activity: Financials sector Fail

Every security is read against two recognised standards: our stricter asset-based screen (ratios measured against total assets) and the more widely used market-value standard (measured against market capitalisation). Where they agree we say so plainly; where they part ways — almost always on the debt check — we show both readings and mark it, because that disagreement is the finding, not a fault. We report the score; you and your scholar make the call.

The business, in plain words · what the numbers mean

Ratings Giant Trips Over Its Own Ethics Test

Every bond, loan and pension fund leans on Moody's stamps to judge risk. Yet the firm fails our ethical screen on business activity, so we pass regardless of the numbers.

The business itself looks solid, with 32 percent profit margins, 71 percent ROE and steady 8 percent revenue growth. Still, the shares sit at 27.4 times forward earnings, 19 percent above our fair value of 414.88 while the price is 510.86.

Analysts may cluster around a 550 target and call the moat strong, but the ethical fail is non-negotiable. That single line keeps us away. Analysis, not advice.

The fundamentals · plain-English read
Forward P/E25.0x
priced for continued growth
Trailing P/E29.9x
a premium valuation
Revenue growth15.1%
steady growth
Profit margin34.3%
highly profitable on every dollar of sales
Return on equity76.9%
an exceptional return on shareholder capital
Debt to equity2.38
heavy leverage — higher risk if revenue softens
Current ratio1.19
adequate liquidity, worth monitoring
Beta1.34
moves a little more than the market
Market cap$82.4B
Employees16,000

The risks · The things to watch: it already moves more than the market on an average day; it carries a real debt load, which raises the stakes if revenue slips.

Plain-English interpretation of our own screen data. Analysis, not advice.

Latest news · what the market is reading on MCO

Headlines from third-party outlets, linked for reference — not our reporting, not advice.

Related securities · others in MCO's space worth a look

Screened names in the same industry · explore each on its own page.

Where & how to trade · wherever in the world you are

MCO trades on a US exchange. As a US-listed security it is accessible through almost any international broker offering US markets. New to this, or investing from outside the US? Our guide to accessing global markets covers brokers, currencies and the practical steps.

The trader read · the latest dated commentary

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 6%. Our forward projection puts the odds of a 10% gain over the next month near 16%. The street (20 analysts) rates it buy, with a mean price target of $536. It reported earnings in this window, a natural checkpoint for the thesis. Entered 2026-07-23 · Distribution

The dated journal · newest first, never edited

2026-07-23 Distribution $510.86 +0.0% Entry 10

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 6%. Our forward projection puts the odds of a 10% gain over the next month near 16%. The street (20 analysts) rates it buy, with a mean price target of $536. It reported earnings in this window, a natural checkpoint for the thesis.

2026-07-22 Distribution $510.86 +0.0% Entry 9

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 6%. Our forward projection puts the odds of a 10% gain over the next month near 16%. The street (20 analysts) rates it buy, with a mean price target of $536. It reported earnings in this window, a natural checkpoint for the thesis.

2026-07-21 Distribution $510.86 +0.0% Entry 8

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 6%. Our forward projection puts the odds of a 10% gain over the next month near 16%. The street (20 analysts) rates it buy, with a mean price target of $536. It reported earnings in this window, a natural checkpoint for the thesis.

2026-07-20 Distribution $510.86 +0.0% Entry 7

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 6%. Our forward projection puts the odds of a 10% gain over the next month near 16%. The street (20 analysts) rates it buy, with a mean price target of $536. It reported earnings in this window, a natural checkpoint for the thesis.

2026-07-19 Distribution $510.86 +13.2% Entry 6

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved up 13.2% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 6%. Our forward projection puts the odds of a 10% gain over the next month near 16%. The street (20 analysts) rates it buy, with a mean price target of $536. It reported earnings in this window, a natural checkpoint for the thesis.

2026-07-18 Distribution $451.35 +0.0% Entry 5

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 6%. Our forward projection puts the odds of a 10% gain over the next month near 16%. The street (20 analysts) rates it buy, with a mean price target of $536. It reported earnings in this window, a natural checkpoint for the thesis.

2026-07-17 Distribution $451.35 +0.0% Entry 4

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 6%. Our forward projection puts the odds of a 10% gain over the next month near 16%. The street (20 analysts) rates it buy, with a mean price target of $536. It reported earnings in this window, a natural checkpoint for the thesis.

2026-07-16 Distribution $451.35 +0.0% Entry 3

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 6%. Our forward projection puts the odds of a 10% gain over the next month near 16%. The street (20 analysts) rates it buy, with a mean price target of $536. It reported earnings in this window, a natural checkpoint for the thesis.

2026-07-03 Distribution $451.35 +0.0% Entry 2

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns.

2026-07-02 Distribution $451.35 Entry 1

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns.

Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.

The insider ledger · Form 4 filings, as filed

Most recent filings · MCO
DateInsiderTitleTypeSharesValue
2026-05-01 FAUBER ROBERT Chief Executive Officer 1,167 $163,410
2026-05-01 STEELE RICHARD G General Counsel 158 $73,690
2026-05-01 FAUBER ROBERT Chief Executive Officer 1,467 $684,194
2026-04-01 FAUBER ROBERT Chief Executive Officer 1,167 $163,410
2026-04-01 STEELE RICHARD G General Counsel 158 $69,168
2026-04-01 FAUBER ROBERT Chief Executive Officer 1,467 $642,209
2026-03-16 SAWICKI LISA P. Director 528 ·
2026-03-13 BERMUDEZ JORGE A Director 21 ·
2026-03-13 VAN SAUN BRUCE W Director 26 ·
2026-03-13 FORLENZA VINCENT A Director 22 ·

Public filings, recorded as found. The full tape lives at Insider Intelligence.

The political ledger · congressional disclosures

Disclosures naming MCO
DatePoliticianPartyTypeAmount
2026-04-13 Ro Khanna Democrat Sale 1K–15K
2026-04-13 Ro Khanna Democrat Sale 1K–15K
15 May2026 Ro Khanna Democrat buy 1K–15K
14 May2026 Thomas Kean Jr Republican buy 1K–15K
1 May2026 Ro Khanna Democrat buy 1K–15K

What holding actually paid · price plus dividends

If $1,000 had been placed · historical, not a promise
PeriodPrice thenPrice returnDivs per share$1,000 becameTotal return
1 month $447.32 +0.8% $1.03 $1,010 +1.0%
2 months $426.39 +5.7% $1.03 $1,060 +6.0%
3 months $425.45 +6.0% $1.03 $1,062 +6.2%
6 months $483.31 -6.7% $2.06 $937 -6.3%
1 year $481.00 -6.3% $3.94 $945 -5.5%
2 years $395.58 +14.0% $7.52 $1,159 +15.9%
3 years $327.35 +37.7% $10.76 $1,410 +41.0%
5 years $330.50 +36.4% $16.34 $1,413 +41.3%

Historical returns from market close data. Past performance does not guarantee future results.

This entry now belongs to the ledger. Whatever MCO does next, these words stay.

Moody's Corporation · MCO · Markup · $471.50
Recorded 2026-07-24 · before the outcome · scored mechanically

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