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Cboe Global Markets (CBOE) Stock Analysis

This is a peer-relative look at Cboe Global Markets (CBOE): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Financial Services peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Cboe Global Markets (CBOE)
Profile ItemCBOE
NameCboe Global Markets Inc.
Country/RegionUnited States
GICS SectorFinancials
GICS Industry GroupFinancial Services
GICS IndustryCapital Markets
GICS Sub-IndustryFinancial Exchanges & Data
Market Capitalization36.86 billion USD
CurrencyUSD
ExchangeCboe
Listing DateJune 15, 2010
Security TypeCommon Stock

Price Performance

Cumulative Growth

CBOE
GSPC
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Cboe Global Markets (CBOE) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Cboe Global Markets (CBOE) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Cboe Global Markets (CBOE) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Cboe Global Markets (CBOE) metric values compared with Financial Services industry-group medians
MetricCurrent stock: CBOEIndustry group median
Total Return (1Y)38.97%1.90%
Total Return (3Y, Annualized)27.34%12.71%
Total Return (5Y, Annualized)23.42%2.81%

Risk Profile

Drawdown History

CBOE
GSPC
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Cboe Global Markets (CBOE) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Cboe Global Markets (CBOE) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Cboe Global Markets (CBOE) metric values compared with Financial Services industry-group medians
MetricCurrent stock: CBOEIndustry group median
Volatility (1Y, Annualized)36.53%36.24%
Beta (5Y)0.351.04
Max Drawdown (5Y)-36.73%-48.56%

Risk-Adjusted Performance

Risk-Return Positioning

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Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. CBOE is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Cboe Global Markets (CBOE) metric values compared with Financial Services industry-group medians
MetricCurrent stock: CBOEIndustry group median
Sharpe Ratio (1Y)0.95-0.09
Sortino Ratio (1Y)1.37-0.13

Profitability

ROE (TTM)

Cboe Global Markets (CBOE) posts ROE of 27.39%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

CBOE

Financial Services industry group

27.39%

Group distribution
Max
44.78%
CBOE
27.39%
Q3
21.85%
Median
12.91%
Q1
4.48%
Min
-18.71%
Largest peers
MA
231.37%
V
63.51%
CBOE
27.39%
MS
18.04%
GS
17.71%
BRK.A
12.12%
BRK.B
12.12%
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Where Cboe Global Markets (CBOE) stands on ROE within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Cboe Global Markets (CBOE) keeps 28.05% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

CBOE

Financial Services industry group

28.05%

Group distribution
Max
62.84%
Q3
28.05%
CBOE
28.05%
Median
15.36%
Q1
4.82%
Min
-28.52%
Largest peers
V
51.20%
MA
46.73%
GS
31.21%
CBOE
28.05%
MS
25.63%
BRK.A
22.30%
BRK.B
22.30%
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Where Cboe Global Markets (CBOE) stands on net margin within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Cboe Global Markets (CBOE) turns 35.29% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

CBOE

Financial Services industry group

35.29%

Group distribution
Max
107.33%
Q3
55.90%
CBOE
35.29%
Median
30.09%
Q1
14.60%
Min
-44.34%
Largest peers
V
63.73%
MA
60.53%
MS
39.00%
GS
38.37%
CBOE
35.29%
BRK.A
32.56%
BRK.B
32.56%
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Where Cboe Global Markets (CBOE) stands on operating margin within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Cboe Global Markets (CBOE) metric values compared with Financial Services industry-group medians
MetricCurrent stock: CBOEIndustry group median
ROE (TTM)27.39%12.91%
ROA (TTM)11.84%3.60%
Net Margin (TTM)28.05%15.36%
Operating Margin (TTM)35.29%30.09%
Gross Margin (TTM)----

Growth

Revenue Growth

Cboe Global Markets (CBOE) grew revenue 15.13%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

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Cboe Global Markets (CBOE): Revenue Growth across different time periods, set against Financial Services industry-group medians.

EPS Growth

Cboe Global Markets (CBOE) grew earnings per share 44.52%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

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Cboe Global Markets (CBOE): EPS Growth across different time periods, set against Financial Services industry-group medians.

Growth Metrics

Cboe Global Markets (CBOE) metric values compared with Financial Services industry-group medians
MetricCurrent stock: CBOEIndustry group median
Revenue Growth (YoY)15.13%9.46%
Revenue Growth (3Y CAGR)6.00%10.90%
EPS Growth (YoY)44.52%7.46%
EPS Growth (3Y CAGR)68.19%13.04%

Financial Strength

Current Ratio (MRQ)

current ratio is set aside for Cboe Global Markets (CBOE) in Financial Services: these balance sheets are not best read through a current/non-current split, so regulatory, funding, or liquidity-coverage measures usually matter more.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for Cboe Global Markets (CBOE) in Financial Services: leverage is part of the business model itself, so capital adequacy, funding mix, and regulatory measures are usually better risk gauges.

Financial Strength Metrics

Cboe Global Markets (CBOE) metric values compared with Financial Services industry-group medians
MetricCurrent stock: CBOEIndustry group median
Current Ratio (MRQ)----
Debt / Equity (MRQ)----
Net Debt / EBITDA----

Dividends

Dividend Yield (TTM)

Cboe Global Markets (CBOE) has dividend yield of 0.86%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

CBOE

Financial Services industry group

0.86%

Group distribution
Max
9.77%
Q3
3.92%
Median
1.09%
CBOE
0.86%
Q1
0.00%
Min
0.00%
Largest peers
MS
2.40%
GS
2.07%
CBOE
0.86%
V
0.66%
MA
0.53%
BRK.A
0.00%
BRK.B
0.00%
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Where Cboe Global Markets (CBOE) stands on dividend yield within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Cboe Global Markets (CBOE) has payout ratio of 21.49%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

CBOE

Financial Services industry group

21.49%

Group distribution
Max
241.07%
Q3
97.36%
Median
25.77%
CBOE
21.49%
Q1
0.00%
Min
0.00%
Largest peers
MS
32.91%
GS
25.88%
V
21.75%
CBOE
21.49%
MA
17.63%
BRK.A
0.00%
BRK.B
0.00%
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Where Cboe Global Markets (CBOE) stands on payout ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Cboe Global Markets (CBOE) metric values compared with Financial Services industry-group medians
MetricCurrent stock: CBOEIndustry group median
Dividend Yield (TTM)0.86%1.09%
Dividend Payout Ratio (TTM)21.49%25.77%

Valuation

P/E Ratio (TTM)

Cboe Global Markets (CBOE) trades at P/E ratio of 25.14, in the richer earnings-multiple quartile for its industry. That premium needs support from growth, durable earnings, or stronger business quality.

CBOE

Financial Services industry group

25.14

Group distribution
Max
45.85
CBOE
25.14
Q3
24.64
Median
15.37
Q1
9.68
Min
0.16
Largest peers
V
34.31
MA
34.15
CBOE
25.14
MS
14.39
BRK.A
14.36
BRK.B
14.36
GS
12.45
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Where Cboe Global Markets (CBOE) stands on P/E ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Cboe Global Markets (CBOE) trades at 6.98 on P/S ratio, in the higher sales-valuation quartile. Investors are paying up for each dollar of revenue, so stronger margins, growth, or revenue quality need to carry that price.

CBOE

Financial Services industry group

6.98

Group distribution
Max
9.23
CBOE
6.98
Q3
4.57
Median
2.72
Q1
1.28
Min
-0.55
Largest peers
V
17.18
MA
15.67
CBOE
6.98
MS
3.55
GS
3.52
BRK.A
3.18
BRK.B
3.18
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Where Cboe Global Markets (CBOE) stands on P/S ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Cboe Global Markets (CBOE) trades at 6.22 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

CBOE

Financial Services industry group

6.22

Group distribution
Max
7.79
CBOE
6.22
Q3
3.63
Median
1.57
Q1
0.81
Min
-0.39
Largest peers
MA
84.30
V
22.05
CBOE
6.22
MS
2.65
GS
2.36
BRK.A
1.72
BRK.B
0.00
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Where Cboe Global Markets (CBOE) stands on P/B ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Cboe Global Markets (CBOE) metric values compared with Financial Services industry-group medians
MetricCurrent stock: CBOEIndustry group median
P/E Ratio (TTM)25.1415.37
P/S Ratio (TTM)6.982.72
P/B Ratio (MRQ)6.221.57
Free Cash Flow Yield (TTM)----