Stock Analysis
Intercontinental Exchange Inc.ICE
P/E 22.46×· 5Y range 12.52–43.66×· bottom 22% of history
Sector: Financial Services · Industry: Security & Commodity Brokers, Dealers, Exchanges & Services
AnalystsStrong Buy20 analystsP/E 22.5× sits at the 22nd percentile of its 5.086926762491444-year history.
Cash covers 4% of debt · FY 2025.
PMP Verdict
Mixed fundamentals, cheap valuation
Strengths
- Quality97
- Profitability74
Risks
- Growth32
- Financial Health37
Mixed business trading cheap — priced for skepticism.
Bull Case
- ✓Piotroski F-Score 7/9 — high earnings quality
- ✓P/E 22.5× at bottom 22% of 5-year history
What's happening with ICE
Profile
Strong earnings quality and moat; growth and financial health lag behind.
How is each axis scored?
- Valuation64/100 · Moderate
- P/E vs own history (22th pct)20/25
- FCF yield (5.6%)20/25
- P/S (6.8x)12/25
- EV/EBIT (19.8x)12/25
- Growth32/100 · Weak
- Revenue CAGR (8.4%)12/25
- Net income CAGR (-4.9%)0/25
- EPS CAGR 5Y (-5.3%)0/25
- Fwd implied growth (26.7%)20/25
- Profitability74/100 · Moderate
- ROIC (9.3%)12/25
- ROE (14.0%)12/25
- Net margin (30.1%)25/25
- Operating margin (40.7%)25/25
- Financial Health37/100 · Weak
- Altman Z (0.95)3/25
- Current ratio (1.02)12/25
- Interest coverage (4.4x)10/25
- Net cash / debt (D/A 13%)12/25
- Quality97/100 · Strong
- Piotroski F (7/9)22/25
- Beneish M (-2.56)25/25
- FCF conversion (126%)25/25
- Margin stability (σ 2.1%)25/25
- Moat75/100 · Strong
- ROIC >12% years (0/10 yrs)0/25
- Median gross margin (78.6%)25/25
- FCF-positive years (10/10 yrs)25/25
- Worst-year net margin (worst 15.0%)25/25
Risk Flags
- ⚠Altman Z 0.9 — distress-zone balance sheet
About Intercontinental Exchange Inc.
Intercontinental Exchange is a vertically integrated operator of financial exchanges and provides ancillary data products. Show more
Though the company is probably best known for its ownership of the New York Stock Exchange, which it acquired in 2013, ICE operates a large derivatives exchange, too. The company's largest commodity futures product is the ICE Brent crude futures contract. In addition to the exchanges business, which is about 54% of net revenue, Intercontinental Exchange has used a series of acquisitions to create its mortgage technology business (22% of net revenue) and fixed-income and data-services segment (24% of net revenue).
Headquarters: ATLANTA, GA · Employees: 12,725 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
64BP/E (TTM)22.5xB
Grade B: FairPrice / TTM EPS (own statements) — vs own 5Y history: 12.5x–43.7x · 22nd pct
P/FCF18.9xB
Grade B: FairPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield5.6%A
Grade A: ValueTTM (OCF − CapEx) / Market Cap — vs own 5Y history: 3.7%–7.4% · 83rd pct
P/S (TTM)6.76xC
Grade C: ExpensivePrice / TTM Revenue (own statements) — vs own 5Y history: 5.3x–8.9x · 34th pct
EV/EBIT19.8xC
Grade C: ExpensiveEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 16.0x–28.5x · 16th pct
EV/Sales7.9xC
Grade C: ExpensiveEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E17.7xB
Grade B: FairPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio3.14xC
Grade C: ExpensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio1.75B
Grade B: FairFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield1.30%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio28.3%A
Grade A: SafeDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
74B+ROIC9.3%C
Grade C: AverageNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE14.0%C
Grade C: AverageReturn on Equity. Neg. equity = heavy buybacks
ROA2.6%D
Grade D: WeakReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin30.1%A
Grade A: HighNet Income / Revenue
Operating Margin40.7%A
Grade A: HighTTM EBIT / TTM Revenue
Gross Margin74.0%A
Grade A: PremiumGross Profit / Revenue
FCF Margin37.8%A
Grade A: HighFCF / Revenue
True FCF Margin35.8%A
Grade A: HighTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
32DRevenue CAGR8.4%C
Grade C: OkCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR-4.9%D
Grade D: LowCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)-5.3%D
Grade D: LowCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth26.7%C
Grade C: MedAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)-0.6%B
Grade B: FlatShare count change over 5Y
SBC / Net Income6.6%A
Grade A: LowStock-based comp/Net income. >30% = dilution risk
SBC / Revenue2.0%A
Grade A: LowTTM stock-based comp / TTM Revenue
Financial Health
37DAltman Z-Score0.95D
Grade D: DistressBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio1.02xC
Grade C: OkCurrent Assets/Liabilities
Quick Ratio1.01xA
Grade A: High(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage4.4xC
Grade C: OkEBIT/Interest. >10 Strong
Debt Repayment3.5yC
Grade C: AverageYears to repay net debt via FCF
Net Debt/EBIT3.3xC
Grade C: MedLeverage. <2x Low, >4x High
Debt/Equity0.64xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.04xD
Grade D: ThinCash covers how much of total debt. >1 = could repay all debt from cash
Quality
97A+Piotroski F-Score7/9A
Grade A: StrongFinancial strength 0–9. >7 Strong
Beneish M-Score-2.56A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion125.8%A
Grade A: StrongFCF / Net Income
Margin Stability2.1%A
Grade A: StableEBIT margin std deviation. Lower = stable
Capex / Revenue3.2%A
Grade A: Asset-lightTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.09xD
Grade D: LowRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Foley Douglas Filed | Foley Douglas | SellOpen market sale | -1600 | |
Edmonds Christopher Scott Filed | Edmonds Christopher Scott | Option exercise | -5000 | |
Edmonds Christopher Scott Filed | Edmonds Christopher Scott | SellOpen market sale | -5000 | |
Edmonds Christopher Scott Filed | Edmonds Christopher Scott | Option exercise | +5.0K | |
Jackson Benjamin Filed | Jackson Benjamin | Option exercise | -6431 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Jackson Benjamin Filed | Jackson Benjamin | SellOpen market sale | -1600 | |
Jackson Benjamin Filed | Jackson Benjamin | SellOpen market sale | -6242 | |
Jackson Benjamin Filed | Jackson Benjamin | SellOpen market sale | -5020 |
Option exercise (M) rows report a derivative leg, not an open-market sale — a paired negative entry is the option position being consumed.
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
75B+ROIC >12% Years0/10 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)78.6%A
Grade A: DurableMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years10/10 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor15.0%A
Grade A: DurableWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$7.19
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$1.63
Cash & short-term investments per share (Finnhub)
Book Value / Share$45.25
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$18.61B
Total debt obligations (short + long term)
Cash & Equiv.$837.00M
Cash and short-term investments
Net Debt$17.77B
Total Debt minus Cash. Negative = Net Cash position
Total Equity$28.91B
Shareholders' equity (book value)
Asset / Liability1.27xC
Grade C: AdequateTotal Assets / Total Liabilities
Market
Market Cap$90.73B
Current Market Capitalization
Beta0.88B
Grade B: MarketPrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Intercontinental Exchange Inc. (ICE)
ICE is up 1.99% at the last close. Intercontinental Exchange Inc. meets 7 of 9 Piotroski F-Score criteria, placing its fundamental strength in the top tier of US-listed stocks. Altman Z-Score of 0.95 is below the 1.81 distress threshold — an elevated financial-risk flag.
- Beneish M-Score of -2.56 suggests a low likelihood of earnings manipulation.
- Intercontinental Exchange Inc. converts about 38% of revenue into free cash flow — strong cash generation.
- Takes ~3.5 years to repay net debt from free cash flow.
See how ICE ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all ICE moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 8 | After-hours | 156.00 | +2.23% | 2.16 |
| Sep 23 | Regular | 157.24 | +2.82% | 2.14 |
Frequently Asked Questions about ICE
What is the current Intercontinental Exchange Inc. (ICE) stock price?
ICE is trading at $161.56 at the last market close, up 1.99% on the session. PreMarketPrice tracks ICE pre-market, intraday and after-hours prices.
Is ICE stock a buy right now?
PreMarketPrice's quantitative model rates Intercontinental Exchange Inc.'s financial health at 37/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is ICE stock overvalued?
Intercontinental Exchange Inc. trades at a trailing P/E of 22.5 and our valuation score rates it 64/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Intercontinental Exchange Inc. report earnings?
No confirmed earnings date is currently scheduled for ICE. The Earnings section lists recent reports and updates as dates are announced.
What sector does Intercontinental Exchange Inc. operate in?
Intercontinental Exchange Inc. operates in the Financial Services sector, within the Security & Commodity Brokers, Dealers, Exchanges & Services industry. The Related Stocks section lists sector peers for comparison.
What does Intercontinental Exchange Inc. do?
Intercontinental Exchange is a vertically integrated operator of financial exchanges and provides ancillary data products.
About Intercontinental Exchange Inc. (ICE) Stock
Intercontinental Exchange Inc. (ICE) is a US-listed stock operating in the Financial Services sector, specifically the Security & Commodity Brokers, Dealers, Exchanges & Services industry. As of the latest update, Intercontinental Exchange Inc. is trading at $161.56, up 1.99% on the day with a market capitalization of $90.7 billion. The financial health score for ICE is 37/100, which indicates weak financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for ICE stock.
ICE Stock Analysis & Key Metrics
On PreMarketPrice, you can track Intercontinental Exchange Inc. (ICE) across multiple dimensions:
- Pre-market price & movement: Real-time ICE stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for ICE with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Intercontinental Exchange Inc. across multiple reporting periods.
- Financial health score: A composite score of 37/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for ICE.
- Sector peers: Compare ICE against 6 other financial services stocks on key financial metrics.
Is ICE a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Intercontinental Exchange Inc. (ICE) as an investment. The financial health score of 37/100 suggests weak financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Intercontinental Exchange Inc. (ICE) trades on NYSE. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.