CBOE
NEUTRAL
$303.81
Live
Cboe Global Markets, Inc. · OTHER
Target $301.64
(-0.7%)
$211.19
52W Range
$309.87
At a glance
Key valuation, profitability, growth, and risk metrics.
Updated Apr 25, 2026
Market cap
$31.82B
P/E
29.16
ROE
23.4%
Profit margin
23.3%
Debt/Equity
0.31
Dividend yield
0.92%
AI Analysis
AI-powered fundamental assessment
Confidence
85%
CBOE exhibits a stable financial profile with a Piotroski F-Score of 4/9 and a strong balance sheet characterized by low debt/equity (0.31). While the stock is trading near its growth-based intrinsic value of $307.39, it is significantly overpriced relative to its defensive Graham Number of $107.29. Exceptional earnings growth (60.5% YoY) and a consistent track record of earnings beats are offset by a high PEG ratio (3.75) and bearish short-term signals. The convergence of a 'Hold' analyst consensus, bearish insider activity, and a weak technical trend suggests the stock is currently fully valued.
Key Strengths
Strong profitability with ROE of 23.36% and Operating Margin of 36.20%
Conservative leverage with a Debt/Equity ratio of 0.31
Exceptional earnings growth trajectory (60.5% YoY)
Consistent historical earnings performance with beats across 25 quarters
Healthy liquidity indicated by a Current Ratio of 1.87
Key Risks
High valuation relative to growth as indicated by a PEG ratio of 3.75
Significant premium over the Graham Number ($107.29) suggesting lack of margin of safety
Bearish technical trend (10/100) indicating strong downward momentum or resistance
Negative insider sentiment with recent selling and zero buy transactions
Low dividend yield (0.92%) providing little downside protection
AI Fair Value Estimate
Based on comprehensive analysis
$304.5
+0.2% above current price
Performance Snowflake
Multi-dimensional analysis across 5 key categories
Overall
67
Strong
45
78
92
65
55
AI Verdict
Quality company at a full valuation
Key drivers: Earnings growth, Balance sheet strength, Technical weakness, Valuation premium
Confidence
90%
Value
45/100
Ref P/E, PEG, Graham Number
Positives
- Forward P/E (22.81) is lower than current P/E
Watchpoints
- PEG ratio of 3.75 is excessive
- Price is ~2.8x the Graham Number
Future
78/100
Ref Growth rates
Positives
- 60.5% YoY Earnings Growth
- Strong market position in financial data/exchanges
Watchpoints
- Revenue growth (8.7%) is modest compared to earnings spikes
Past
92/100
Ref Historical trends
Positives
- 208.2% 5-year price appreciation
- Consistent earnings beat record over 25 quarters
Watchpoints
No urgent risks highlighted.
Health
65/100
Ref Altman Z-Score, Piotroski F-Score
Positives
- Low Debt/Equity (0.31)
- Strong Current Ratio (1.87)
Watchpoints
- Piotroski F-Score of 4/9 is only 'Stable', not 'Strong'
Dividend
55/100
Ref Yield, Payout
Positives
- Very sustainable payout ratio (25.91%)
Watchpoints
- Low yield (0.92%)
Stock Price & Analyst Targets
Real-time price movements and analyst price targets
Current Price
$303.81
Analyst Target
$301.64
Upside/Downside
-0.7%
Multi-Horizon Performance vs Peers
Price momentum across 5Y → 1W horizons for CBOE and closest competitors.
Updated 2026-04-24
| Company | 5Y | 3Y | 1Y | 6M | 1M | 1W |
|---|---|---|---|---|---|---|
|
CBOE
Cboe Global Markets, Inc.
Primary
|
+208.2% | +125.2% | +43.6% | +27.6% | +9.7% | +1.3% |
|
HBAN
Huntington Bancshares Incorporated
Peer
|
+24.2% | +64.2% | +32.0% | +7.0% | +5.8% | +3.7% |
|
NTRS
Northern Trust Corporation
Peer
|
+73.2% | +105.1% | +87.8% | +24.8% | +17.1% | +3.2% |
|
ACGL
Arch Capital Group Ltd.
Peer
|
+158.1% | +46.0% | +3.4% | +1.3% | -5.2% | -3.9% |
|
PRU
Prudential Financial, Inc.
Peer
|
+34.8% | +38.6% | -7.3% | -2.0% | -1.7% | +3.2% |
CBO
Cboe Global Markets, Inc.
Primary
5Y
+208.2%
3Y
+125.2%
1Y
+43.6%
6M
+27.6%
1M
+9.7%
1W
+1.3%
HBA
Huntington Bancshares Incorporated
Peer
5Y
+24.2%
3Y
+64.2%
1Y
+32.0%
6M
+7.0%
1M
+5.8%
1W
+3.7%
NTR
Northern Trust Corporation
Peer
5Y
+73.2%
3Y
+105.1%
1Y
+87.8%
6M
+24.8%
1M
+17.1%
1W
+3.2%
ACG
Arch Capital Group Ltd.
Peer
5Y
+158.1%
3Y
+46.0%
1Y
+3.4%
6M
+1.3%
1M
-5.2%
1W
-3.9%
PRU
Prudential Financial, Inc.
Peer
5Y
+34.8%
3Y
+38.6%
1Y
-7.3%
6M
-2.0%
1M
-1.7%
1W
+3.2%
Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.
Historical Performance Trends
Long-term financial metrics and growth patterns
Revenue & Net Income
Profit & Operating Margins
Return on Equity (ROE)
Quarterly Revenue Growth
Historical data shows last 12 quarters (3 years)
Valuation Metrics
Key valuation ratios and pricing indicators
P/E Ratio
29.16
Forward P/E
22.81
PEG Ratio
3.75
P/B Ratio
6.19
P/S Ratio
6.75
EV/Revenue
6.61
EV/EBITDA
19.09
Market Cap
$31.82B
Profitability
Profit margins and return metrics
Profit Margin
23.33%
Operating Margin
36.2%
Gross Margin
51.53%
ROE
23.36%
ROA
11.12%
Growth
Revenue and earnings growth rates
Revenue Growth
+8.7%
Earnings Growth
+60.5%
Q/Q Revenue Growth
+8.7%
Q/Q Earnings Growth
+59.5%
Financial Health
Balance sheet strength and liquidity metrics
Debt/Equity
0.31
Low debt
Current Ratio
1.87
Good
Quick Ratio
1.13
Good
Cash/Share
$21.18
Financial Statement Flow
Interactive flow visualization showing how money moves through the company Q4 2025
Revenue
$1.2B
Gross Margin
45.1%
Op. Margin
35.6%
Net Margin
26.0%
Total Assets
$9.3B
Liabilities
$4.2B
Equity
$5.1B
Debt/Equity
0.81x
Operating CF
$0.4B
CapEx
$-0.0B
Free Cash Flow
$0.3B
FCF Yield
94%
Quarterly Earnings History
EPS performance vs analyst estimates
2026-05-01
$N/A
2026-02-06
$3.06
+3.8% surprise
2025-10-31
$2.85
+22.1% surprise
2025-08-01
$2.23
-3.1% surprise
Financial Services Sector Comparison
Comparing CBOE against 648 companies in the Financial Services sector
(117 bullish, 268 neutral, 263 bearish)
P/E Ratio
29.16
This Stock
vs
38.87
Sector Avg
-25.0%
(Discount)
Return on Equity (ROE)
23.36%
This Stock
vs
-1.01%
Sector Avg
-2415.1%
(Below Avg)
Profit Margin
23.33%
This Stock
vs
57.27%
Sector Avg
-59.3%
(Weaker)
Debt to Equity
0.31
This Stock
vs
1.52
Sector Avg
-79.6%
(Less Debt)
Revenue Growth
8.7%
This Stock
vs
40.3%
Sector Avg
-78.4%
(Slower)
Current Ratio
1.87
This Stock
vs
3.62
Sector Avg
-48.3%
(Weaker)
Similar Companies
Peer comparison within the same industry
| Company | AI Rating | Market Cap | P/E | ROE | Profit Margin | Price | |
|---|---|---|---|---|---|---|---|
|
CBOE
Cboe Global Markets, Inc.
|
NEUTRAL | $31.82B | 29.16 | 23.4% | 23.3% | $303.81 | |
|
HBAN
Huntington Bancshares Incorporated
|
NEUTRAL | $33.37B | 11.78 | 10.1% | 28.7% | $16.38 | Compare |
|
NTRS
Northern Trust Corporation
|
NEUTRAL | $30.07B | 18.19 | 13.5% | 21.5% | $158.99 | Compare |
|
ACGL
Arch Capital Group Ltd.
|
NEUTRAL | $33.89B | 8.06 | 19.5% | 22.1% | $93.47 | Compare |
|
PRU
Prudential Financial, Inc.
|
NEUTRAL | $34.2B | 9.84 | 11.4% | 5.8% | $98.28 | Compare |
CBOE
Cboe Global Markets, Inc.
NEUTRAL
Mkt Cap
$31.8B
P/E
29.2
ROE
23.4%
Price
$303.81
Recent Insider Trading
Insider buy and sell transactions from the last 6 months
| Date | Insider | Position | Transaction | Shares | Value |
|---|---|---|---|---|---|
| 2026-02-23 | WILKINSON ALLEN | Officer | Sale | 248 | $72,612 |
| 2026-02-19 | DONOHUE CRAIG STEVEN | Chief Executive Officer | Option Exercise | 4,683 | $1,340,134 |
| 2026-02-19 | TOMCZYK FREDRIC J. | Director | Option Exercise | 10,965 | $3,137,854 |
| 2026-02-19 | SEXTON JOHN PATRICK | General Counsel | Option Exercise | 2,842 | $813,295 |
| 2026-02-19 | GRIEBENOW JILL | Chief Financial Officer | Option Exercise | 4,600 | $1,316,382 |
| 2026-02-19 | FOLEY STEPHANIE | Officer | Option Exercise | 1,695 | $485,058 |
| 2026-02-19 | WILKINSON ALLEN | Officer | Option Exercise | 787 | $225,216 |
| 2026-02-19 | LIPSCOMB TIMOTHY | Chief Technology Officer | Option Exercise | 1,882 | $538,572 |
| 2026-02-19 | BHATIA PRASHANT | Officer | Option Exercise | 224 | $64,102 |
| 2026-02-19 | HOCKING ROBERT A | Officer | Option Exercise | 355 | $101,590 |
| 2026-02-19 | ISAACSON CHRISTOPHER A | Chief Operating Officer | Option Exercise | 5,961 | $1,705,859 |
| 2026-02-18 | FITZPATRICK EDWARD J | Director | Sale | 3,947 | $1,128,329 |
| 2026-02-18 | MATTURRI ALEXANDER J. JR. | Director | Sale | 1,500 | $428,040 |
| 2026-02-12 | SEXTON JOHN PATRICK | General Counsel | Stock Award | 9,726 | - |
| 2026-02-12 | GRIEBENOW JILL | Chief Financial Officer | Stock Award | 6,734 | - |
WILKINSON ALLEN
Officer
2026-02-23
248 shares
·
$72,612
DONOHUE CRAIG STEVEN
Chief Executive Officer
2026-02-19
4,683 shares
·
$1,340,134
TOMCZYK FREDRIC J.
Director
2026-02-19
10,965 shares
·
$3,137,854
SEXTON JOHN PATRICK
General Counsel
2026-02-19
2,842 shares
·
$813,295
GRIEBENOW JILL
Chief Financial Officer
2026-02-19
4,600 shares
·
$1,316,382
FOLEY STEPHANIE
Officer
2026-02-19
1,695 shares
·
$485,058
WILKINSON ALLEN
Officer
2026-02-19
787 shares
·
$225,216
LIPSCOMB TIMOTHY
Chief Technology Officer
2026-02-19
1,882 shares
·
$538,572
BHATIA PRASHANT
Officer
2026-02-19
224 shares
·
$64,102
HOCKING ROBERT A
Officer
2026-02-19
355 shares
·
$101,590
ISAACSON CHRISTOPHER A
Chief Operating Officer
2026-02-19
5,961 shares
·
$1,705,859
FITZPATRICK EDWARD J
Director
2026-02-18
3,947 shares
·
$1,128,329
MATTURRI ALEXANDER J. JR.
Director
2026-02-18
1,500 shares
·
$428,040
SEXTON JOHN PATRICK
General Counsel
2026-02-12
9,726 shares
GRIEBENOW JILL
Chief Financial Officer
2026-02-12
6,734 shares
Insider transactions can signal confidence or concerns about company prospects
SEC Filings
Recent regulatory filings from the SEC EDGAR database
DEF 14A
10-K
8-K
8-K
10-Q
10-Q
8-K
8-K
Data sourced from SEC EDGAR. AI summaries generated automatically.
Wall Street Analysts
Professional analyst ratings and price targets
Consensus
HOLD
14 analysts
Piper Sandler
2026-04-15
Overweight
Overweight
Morgan Stanley
2026-04-10
Underweight
Underweight
Barclays
2026-04-08
Overweight
Overweight
Barclays
2026-02-09
Overweight
Overweight
TD Cowen
2026-01-14
Hold
Hold
Piper Sandler
2026-01-14
Overweight
Overweight
Barclays
2026-01-08
Overweight
Overweight
UBS
2026-01-07
Neutral
Neutral
Morgan Stanley
2025-12-22
Underweight
Underweight
Barclays
2025-12-12
Equal-Weight
Overweight
Past News Coverage
Recent headlines mentioning CBOE from our newsroom.
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