Cboe Global Markets, Inc. (CBOE) fair value analysis
S&P 500 · Updated 2026-10-19
CBOE price how computed
Forward Fair Value verdict
Fairly valuedCBOE is trading at within about 10% of estimated fair value.
Based on TickrTrends' weekly Forward Fair Value model.
- Last price
- $304.16
- Sector
- Financial Services
- 12-month range
- $231.51–$366.70
- Market cap
- $31.8B
- From 52-week high
- -17.1%
- Shares outstanding
- 104M
- Rank in Financial Services by discount to fair value
- #61 of 167
Last price is our 2026-10-19 weekly price; the chart runs through 2026-10-16.
Cboe Global Markets, Inc. operates as a leading provider of market infrastructure and trading services, offering exchange platforms for equities, options, futures, and other financial instruments. The company serves clients across North America, Europe, and Asia through its various subsidiaries and operating divisions.
CBOE currently ranks #61 of 167 Financial Services stocks by discount to fair value. It has screened as Fairly valued for 4 consecutive weekly runs.
Fundamentals (4 quarters) how computed
- Market cap
- $31.8B
- P/E (trailing)
- 23x
- Revenue (TTM)
- $5.06B
- Net margin
- 26.7%
- EPS (TTM)
- $12.99
- Gross margin
- 50.7%
- Debt / equity
- 0.28
- Revenue growth (3-yr avg)
- 19.6%
- Shares outstanding
- 104M
Derived indicators how computed
- Quality grade
- B
- Margin trend
- Expanding
- 52-week position
- The upper-middle quarter of its range
Technicals how computed
- RSI (14-day)
- 71 · overbought
- 50-day average
- $287.74
- 200-day average
- $289.21
- Moving-average state
- 50-day below 200-day (death cross state); price between the averages
Dividends how computed
- Paid, last 12 months
- $3.02 per share (4 payments)
- Yield on last price
- 0.99%
- Consecutive years of increases
- 11
- Last ex-dividend date
- 2026-08-31
- Last payment date
- 2026-09-15
Earnings how computed
- Next earnings report
- 2026-10-30 (pre-market)
- Last 8 quarters vs consensus
- 7 beat, 1 missed
- Quarter by quarter
- 2026-06 ▲ beat (+2.0%)
2026-03 ▲ beat (+9.5%)
2025-12 ▲ beat (+3.7%)
2025-09 ▲ beat (+5.5%)
2025-06 ▲ beat (+1.2%)
2025-03 ▲ beat (+5.9%)
2024-12 ▼ miss (-0.9%)
2024-09 ▲ beat (+1.4%)
Analyst consensus how computed
This is not TickrTrends' verdict.
- Analyst ratings
- 4 buy · 10 hold · 3 sell (17 analysts)
- Consensus lean
- Hold-leaning
- Consensus price target
- $322
- Target vs last price
- +5.9%
What our data shows for CBOE
- Our model validated 17 trailing price-to-earnings windows for CBOE, built from quarterly earnings records.
- Shares are trading in the middle of their 12-month price range of $231.51–$366.70.
- The 14-day relative strength index sits at an overbought 71.
The exact numbers are one step away
- The precise Forward Fair Value dollar figure for CBOE
- Exact discount / premium to today's price
- The normalized historical P/E behind the estimate, and how many quarters support it
- Forward EPS input and fiscal-year basis
- Screeners and rankings across the full S&P 500 and Nasdaq universes
Forward Fair Value applies a conservatively normalized historical price-to-earnings multiple to the consensus earnings estimate for the next full fiscal year; how TickrTrends computes it.
Recent CBOE news
TickrTrends' derived news-sentiment signal for CBOE is currently leaning positive, computed from recent coverage.
- CBOE Gains SEC Nod for KPI-Based Options, Shares Rise 3.9% (gurufocus.com, 2026-10-14)
TickrTrends take: CBOE received regulatory approval from the SEC to launch KPI-based options, a product innovation that drove shares up nearly 4 percent. For investors evaluating valuation, this approval represents a potential revenue expansion opportunity in the derivatives market, though the immediate stock price reaction should be contextualized against TickrTrends' assessment that the company remains fairly valued at current levels. The key metric to monitor will be how quickly this new product offering translates into meaningful revenue growth, as that development could either validate the fair valuation view or create upside potential if adoption exceeds market expectations. - CBOE Maintains Rating by Wells Fargo -- Price Target Raised to $309 (gurufocus.com, 2026-10-14)
TickrTrends take: Wells Fargo's price target increase to $309 for CBOE suggests analyst confidence in the company's fundamentals, though this development should be evaluated against TickrTrends' current assessment that the stock is fairly valued. Investors focused on valuation metrics may want to monitor whether this analyst action reflects a disconnect with current market pricing or signals potential upside in the Financial Services sector operator. The maintained rating combined with a higher price target could indicate that analysts see value emerging at current levels, warranting observation of how the stock's valuation metrics evolve relative to sector peers. - CBOE Shares Rise 2.8% After TD Cowen Upgrade and Licensing Extension (gurufocus.com, 2026-10-05)
TickrTrends take: CBOE's recent share price movement follows positive developments including a TD Cowen upgrade and a licensing extension, both of which could support revenue stability and growth prospects for the options exchange operator. Given that TickrTrends currently assigns an undervalued verdict to CBOE, investors focused on valuation metrics should monitor whether these operational improvements translate into earnings growth that justifies the current market price. The licensing extension in particular warrants attention as a factor that could extend the company's competitive moat and recurring revenue streams within the Financial Services sector.
More CBOE news
- Cboe Global Markets Reports September Trading Volumes and Q3 Revenue Outlook (Ticker: CBOE) (gurufocus.com, 2026-10-05)
- Cboe Global Markets Inc (CBOE): GF Score of 92 Signals Strong Outperformance Potential (gurufocus.com, 2026-10-05)
What people are saying
Follow the CBOE conversation: Stocktwits · Reddit · X
TickrTrends weekly updates
- 2026-10-19 — CBOE's technical indicators shifted this week as its Relative Strength Index moved from neutral territory into overbought levels. The Financial Services sector company maintains a fairly valued status according to current valuation metrics. This overbought RSI reading suggests the stock has experienced accelerating upward price momentum over the recent period.
- 2026-10-12 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-11 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-10 — CBOE's technical positioning shifted this week as its Relative Strength Index moved out of oversold territory into neutral range, suggesting reduced downward momentum. The company's valuation ranking within the Financial Services sector weakened slightly, moving from the 33rd to 39th position among peers by discount metrics, though it maintains an overall undervalued assessment.
- 2026-10-06 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-28 — CBOE's technical indicators shifted this week as its Relative Strength Index moved from neutral territory into oversold conditions. The stock remains classified as undervalued based on current valuation metrics within the Financial Services sector.
- 2026-09-21 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-17 — No material change this week: the verdict, bands and grades all held steady.
Frequently asked questions
Is CBOE stock undervalued?
Based on TickrTrends' Forward Fair Value model (updated 2026-10-19), CBOE is trading at within about 10% of estimated fair value and screens as fairly valued. The exact fair value and discount are available to subscribers.
What is CBOE's TickrTrends verdict?
CBOE's current verdict is Fairly valued, refreshed with every weekly Forward Fair Value run.
How does CBOE compare to other Financial Services stocks?
CBOE ranks #61 of 167 Financial Services stocks in TickrTrends' coverage by discount to fair value.
Is CBOE overbought or oversold?
CBOE's 14-day RSI is in the overbought zone on TickrTrends' latest weekly data.
Does CBOE pay a dividend?
Yes. CBOE paid $3.02 per share over the last twelve months (4 payments), a 0.99% yield on TickrTrends' last price, and has raised the annual total for 11 consecutive years. The last ex-dividend date was 2026-08-31.
When does CBOE report earnings next?
CBOE's next earnings report is scheduled for 2026-10-30 (pre-market), per the published earnings calendar.
Does CBOE usually beat earnings estimates?
Over its last 8 reported quarters CBOE beat the consensus estimate 7 times and missed 1 times, by TickrTrends' comparison of reported and estimated EPS.
What do analysts say about CBOE?
Of 17 analysts covering CBOE, 4 rate it a buy, 10 a hold and 3 a sell - hold-leaning, with a consensus price target of $322 (+5.9% versus TickrTrends' last price). This is the analyst consensus, not TickrTrends' Forward Fair Value verdict.
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