(CBOE) Cboe Global Markets - Ratings and Ratios
Options, Futures, Equities, Digital Assets, Foreign Exchange
CBOE EPS (Earnings per Share)
CBOE Revenue
Description: CBOE Cboe Global Markets
Cboe Global Markets, Inc. is a leading global operator of exchanges and market data services, providing a diverse range of financial products across multiple asset classes, including options, equities, futures, and digital assets. The companys six business segments - Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital - offer a broad suite of trading and listing services to institutional and retail clients worldwide.
Key performance indicators (KPIs) for CBOE include revenue diversification across its business segments, with a focus on high-growth areas such as digital assets and FX trading. The companys strategic relationships with prominent index providers, such as S&P Dow Jones Indices and MSCI, also contribute to its revenue stream. Additionally, CBOEs market data licensing and access/capacity services provide a recurring revenue source. Other relevant KPIs include trading volume, market share, and revenue per user.
CBOEs competitive advantages include its diversified business model, robust technology infrastructure, and strong brand recognition. The companys ability to innovate and expand its product offerings, such as through the development of Cboe Digital, also positions it for long-term growth. Key metrics to monitor include the companys ability to maintain its market share, expand its customer base, and drive revenue growth through new product launches and strategic partnerships.
From a valuation perspective, CBOEs price-to-earnings multiple and return on equity (RoE) are relevant metrics to assess its attractiveness relative to peers. With a RoE of 18.98%, CBOE demonstrates a strong ability to generate returns on shareholder capital. Its P/E ratio of 30.70 and forward P/E of 25.32 suggest a moderate valuation relative to its earnings growth prospects.
CBOE Stock Overview
| Market Cap in USD | 24,622m |
| Sub-Industry | Financial Exchanges & Data |
| IPO / Inception | 2010-06-15 |
CBOE Stock Ratings
| Growth Rating | 88.7% |
| Fundamental | 89.6% |
| Dividend Rating | 63.0% |
| Return 12m vs S&P 500 | -5.32% |
| Analyst Rating | 3.64 of 5 |
CBOE Dividends
| Dividend Yield 12m | 1.16% |
| Yield on Cost 5y | 3.12% |
| Annual Growth 5y | 8.63% |
| Payout Consistency | 97.0% |
| Payout Ratio | 28.1% |
CBOE Growth Ratios
| Growth Correlation 3m | 40% |
| Growth Correlation 12m | 84.2% |
| Growth Correlation 5y | 95.7% |
| CAGR 5y | 28.09% |
| CAGR/Max DD 3y | 1.94 |
| CAGR/Mean DD 3y | 11.82 |
| Sharpe Ratio 12m | 0.88 |
| Alpha | 0.03 |
| Beta | 0.492 |
| Volatility | 18.88% |
| Current Volume | 606.1k |
| Average Volume 20d | 767.1k |
| Stop Loss | 229.8 (-3%) |
| Signal | -0.45 |
Piotroski VR‑10 (Strict, 0-10) 6.5
| Net Income (898.4m TTM) > 0 and > 6% of Revenue (6% = 271.9m TTM) |
| FCFTA 0.20 (>2.0%) and ΔFCFTA 4.15pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 29.93% (prev 19.44%; Δ 10.48pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA -0.00 (>3.0%) and CFO -42.3m <= Net Income 898.4m (YES >=105%, WARN >=100%) |
| Net Debt (312.4m) to EBITDA (1.46b) ratio: 0.21 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.57 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (105.0m) change vs 12m ago -0.85% (target <= -2.0% for YES) |
| Gross Margin 55.51% (prev 49.58%; Δ 5.93pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 49.52% (prev 41.15%; Δ 8.37pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 26.06 (EBITDA TTM 1.46b / Interest Expense TTM 51.4m) >= 6 (WARN >= 3) |
Altman Z'' 3.88
| (A) 0.15 = (Total Current Assets 3.74b - Total Current Liabilities 2.39b) / Total Assets 9.05b |
| (B) 0.35 = Retained Earnings (Balance) 3.17b / Total Assets 9.05b |
| (C) 0.15 = EBIT TTM 1.34b / Avg Total Assets 9.15b |
| (D) 0.73 = Book Value of Equity 3.21b / Total Liabilities 4.38b |
| Total Rating: 3.88 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 89.58
| 1. Piotroski 6.50pt = 1.50 |
| 2. FCF Yield 7.35% = 3.68 |
| 3. FCF Margin 39.94% = 7.50 |
| 4. Debt/Equity 0.31 = 2.45 |
| 5. Debt/Ebitda 1.00 = 1.76 |
| 6. ROIC - WACC (= 8.76)% = 10.95 |
| 7. RoE 20.41% = 1.70 |
| 8. Rev. Trend 71.61% = 5.37 |
| 9. EPS Trend 93.40% = 4.67 |
What is the price of CBOE shares?
Over the past week, the price has changed by +1.04%, over one month by -3.36%, over three months by +5.45% and over the past year by +12.22%.
Is Cboe Global Markets a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of CBOE is around 267.51 USD . This means that CBOE is currently undervalued and has a potential upside of +12.89% (Margin of Safety).
Is CBOE a buy, sell or hold?
- Strong Buy: 6
- Buy: 1
- Hold: 4
- Sell: 2
- Strong Sell: 1
What are the forecasts/targets for the CBOE price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 247.5 | 4.4% |
| Analysts Target Price | 247.5 | 4.4% |
| ValueRay Target Price | 295.4 | 24.7% |
Last update: 2025-09-05 04:36
CBOE Fundamental Data Overview
CCE Cash And Equivalents = 1.47b USD (Cash And Short Term Investments, last quarter)
P/E Trailing = 27.6144
P/E Forward = 24.2131
P/S = 5.4331
P/B = 5.2778
P/EG = 2.0753
Beta = 0.452
Revenue TTM = 4.53b USD
EBIT TTM = 1.34b USD
EBITDA TTM = 1.46b USD
Long Term Debt = 1.44b USD (from longTermDebt, last quarter)
Short Term Debt = 25.0m USD (from shortTermDebt, last quarter)
Debt = 1.47b USD (Calculated: Short Term 25.0m + Long Term 1.44b)
Net Debt = 312.4m USD (from netDebt column, last quarter)
Enterprise Value = 24.62b USD (24.62b + Debt 1.47b - CCE 1.47b)
Interest Coverage Ratio = 26.06 (Ebit TTM 1.34b / Interest Expense TTM 51.4m)
FCF Yield = 7.35% (FCF TTM 1.81b / Enterprise Value 24.62b)
FCF Margin = 39.94% (FCF TTM 1.81b / Revenue TTM 4.53b)
Net Margin = 19.82% (Net Income TTM 898.4m / Revenue TTM 4.53b)
Gross Margin = 55.51% ((Revenue TTM 4.53b - Cost of Revenue TTM 2.02b) / Revenue TTM)
Tobins Q-Ratio = 7.67 (Enterprise Value 24.62b / Book Value Of Equity 3.21b)
Interest Expense / Debt = 0.88% (Interest Expense 12.9m / Debt 1.47b)
Taxrate = 29.42% (318.9m / 1.08b)
NOPAT = 945.4m (EBIT 1.34b * (1 - 29.42%))
Current Ratio = 1.57 (Total Current Assets 3.74b / Total Current Liabilities 2.39b)
Debt / Equity = 0.31 (Debt 1.47b / last Quarter total Stockholder Equity 4.67b)
Debt / EBITDA = 1.00 (Net Debt 312.4m / EBITDA 1.46b)
Debt / FCF = 0.81 (Debt 1.47b / FCF TTM 1.81b)
Total Stockholder Equity = 4.40b (last 4 quarters mean)
RoA = 9.93% (Net Income 898.4m, Total Assets 9.05b )
RoE = 20.41% (Net Income TTM 898.4m / Total Stockholder Equity 4.40b)
RoCE = 22.93% (Ebit 1.34b / (Equity 4.40b + L.T.Debt 1.44b))
RoIC = 16.18% (NOPAT 945.4m / Invested Capital 5.84b)
WACC = 7.42% (E(24.62b)/V(26.09b) * Re(7.83%)) + (D(1.47b)/V(26.09b) * Rd(0.88%) * (1-Tc(0.29)))
Shares Correlation 3-Years: -86.23 | Cagr: -0.12%
Discount Rate = 7.83% (= CAPM, Blume Beta Adj.) -> floored to rf + ERP 8.05%
[DCF Debug] Terminal Value 81.43% ; FCFE base≈1.67b ; Y1≈2.06b ; Y5≈3.52b
Fair Price DCF = 572.6 (DCF Value 59.89b / Shares Outstanding 104.6m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 93.40 | EPS CAGR: 13.42% | SUE: 0.40 | # QB: 0
Revenue Correlation: 71.61 | Revenue CAGR: 6.24% | SUE: N/A | # QB: None
Additional Sources for CBOE Stock
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