CBOE
Cboe Global Markets
$255.98
▲ 2.8%Updated Today 6:01 PM ET
▲ Up 9.4% over the last 12 months
Market Cap
$26.07B
P/E
23.31x
Forward P/E (est.)
16.65x
ROE
24.6%
Revenue Growth
10.6%
EPS Growth
53.5%
Profit Margin
25.8%
FCF Yield
3.1%
Debt / Equity
0.28x
ROIC
17.0%
Interest Coverage
—
Current Ratio
1.39x
Dividend Yield
1.0%
Implied Growth (rev. DCF)
2.4%
Rating Score
76/100
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what CBOE's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. CBOE trades near $255.98, below its 50-day average ($316.77) and 200-day average ($274.40). Price below both averages is a downtrend — momentum is against buyers for now.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 21 it is oversold — selling has been heavy and a bounce is possible.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently negative — short-term momentum is fading.
Volatility — ATR. Average True Range is the typical daily move. CBOE's is $17.06 (~6.7% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month CBOE found buyers near $248.56 (support) and sellers near $369.31 (resistance); its 52-week range is $223.54–$371.18. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 2.3× the 20-day average — heavier than usual, which adds conviction to the move. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
Cboe Global Markets (CBOE) is a large-cap company in the Financial Exchanges & Data industry, part of the Financials sector of the S&P 500, with a market value around $26.07B.
In its latest reported year it generated about $4.71B in revenue and $1.10B in net profit.
Our model rates CBOE Strong (76/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
4Y CAGR
7.8%
Revenue moved from $3.49B in 2021 to $4.71B in 2025, a 7.8% compound annual growth rate. The most recent year grew a steady 10.6% year over year. Consistent top-line growth is one sign of healthy demand.
Gross Margin
51.5%
Operating Margin
31.1%
Net Margin
23.3%
ROE
24.6%
Cboe Global Markets keeps about 25.8% of each sales dollar as net profit, with a 51.5% gross margin and 31.1% operating margin. Return on equity is 24.6% and return on invested capital about 17.0%. Margins this wide usually signal pricing power or a cost advantage.
Total Debt
$1.44B
Net Debt
-$691.00M
Net cash position
Net Debt / EBITDA
-0.47x
Debt / Equity
0.28x
Leverage: debt-to-equity is 0.3x, with a current ratio of 1.4x. That is a conservative balance sheet — a cushion in downturns. It carries roughly $1.44B of total debt against $2.13B of cash.
Operating CF
$1.75B
Free Cash Flow
$1.68B
FCF Margin
35.7%
In the latest year Cboe Global Markets produced about $1.75B of operating cash flow and $1.68B of free cash flow after capital spending. That is a free-cash-flow yield of about 3.1% on today's price. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.
P/E
23.31x
P/S
6.5x
P/B
4.8x
EV / EBITDA
17.03x
CBOE trades at 23.3x trailing earnings (about 16.6x on estimated forward earnings), 6.5x sales, and 4.8x book value. Reverse-engineering today's price implies the market expects roughly 2.4% long-term free-cash-flow growth. That is a fairly typical valuation for a profitable company.
Where this stock sits versus what most companies trade at.
Typical ranges are general references (e.g., many stocks trade at ~18–26x earnings), not hard rules. Context only — not investment advice.
How CBOE stacks up against its Financials peers — valuation, profitability, and growth versus the sector median.
In the Financials sector (76 S&P 500 companies), CBOE ranks #9 of 76 by our overall rating. It trades at a premium versus the sector on earnings (23.3x P/E vs. 15.2x median) with a higher return on equity (24.6% vs. 15.3%) and faster revenue growth (10.6% vs. 9.1%).
P/E vs sector
23.3x
median 15.2x
ROE vs sector
24.6%
median 15.3%
Growth vs sector
10.6%
median 9.1%
Sector rank
#9
of 76 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Financials companies by sub-industry and size. Sector median is across all 76 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$244.41 – $401.54
vs. $255.98 today · expected CAGR -1% – 9%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $5.23B | $5.81B | $6.45B | $7.16B | $7.94B |
| Net income | $1.20B | $1.34B | $1.48B | $1.65B | $1.83B |
| EPS | $11.50 | $12.77 | $14.17 | $15.73 | $17.46 |
| Share price (low) | $161.00 | $178.71 | $198.37 | $220.19 | $244.41 |
| Share price (high) | $264.50 | $293.60 | $325.89 | $361.74 | $401.54 |
| CAGR (low–high) | -37% / 3% | -16% / 7% | -8% / 8% | -4% / 9% | -1% / 9% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for CBOE:
- Revenue is growing 10.6% a year, a sign of real demand.
- High net margins (25.8%) point to pricing power or efficiency.
- Strong return on equity (24.6%) shows capital is put to work well.
- A conservative balance sheet (debt/equity 0.3x) lowers risk.
- Our model's overall read is Strong (76/100).
The case against CBOE:
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the fundamentals screen favourably: Cboe Global Markets is a large-cap financials business still growing nicely, with solid profitability, and a sound balance sheet. It trades at 23.3x earnings, which our model scores Strong (76/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.