Cboe Global Markets, Inc. (CBOE) Valuation
Historical valuation analysis based on 1280 data points (2021-09-13 to 2026-10-16)
Founded in 1973, Cboe controls the largest option exchange in the US, which provides around 60% of the firm's revenue. The company is best known for its proprietary S&P 500 and VIX index options, w...
Cboe Global Markets, Inc. (CBOE) currently trades at a P/E ratio of 24.31 (historical range: 18.87–63.43, median: 28.04), placing it at the 18th percentile — cheap relative to its history, P/S ratio of 6.50 (range: 3.21–8.03, 96th percentile — expensive relative to its history), EV/EBITDA of 18.27 (range: 13.89–36.20, 24th percentile).
Over the historical period (2021-09-13 to 2026-10-16), Cboe Global Markets, Inc.'s P/E ratio has contracted by 29% over the observed period (from an average of 37.8 to 26.7).
Cboe Global Markets, Inc. trades near its historical valuation range, with most metrics close to their median levels.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 24.31 | 28.04 | 18th | cheap relative to its history |
| P/S Ratio | 6.50 | 5.07 | 96th | expensive relative to its history |
| EV/EBITDA | 18.27 | 19.89 | 24th | below its historical average |
| FCF Yield | 5.70% | 5.49% | 53th | near its historical average |
Cboe Global Markets, Inc. (CBOE) Valuation & P/E History
Cboe Global Markets, Inc. (CBOE) is a US-listed stock operating in the Financial Services sector, specifically the Security & Commodity Brokers, Dealers, Exchanges & Services industry currently trading at $313.88 with a market capitalization of $32.8 billion. This page provides historical valuation analysis for CBOE based on 1280 data points covering 2021-09-13 to 2026-10-16. The P/E ratio of 24.31 is below the historical median of 28.04, placing CBOE at the 18th percentile of its valuation range. The P/S ratio of 6.50 compares to a median of 5.07.
CBOE Valuation Metrics & Historical Range
The valuation table above shows Cboe Global Markets, Inc.'s current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether CBOE is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests CBOE is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for Cboe Global Markets, Inc..
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is CBOE Overvalued or Undervalued?
Cboe Global Markets, Inc. trades near its historical valuation range, with most metrics close to their median levels. The overall valuation percentile of 46 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive CBOE is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full CBOE analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.CBOE trades on NYSE. This page is for informational purposes only and is not financial advice.