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CBOE vs. MSCI: Cboe Global Markets vs. MSCI Stock Comparison

How do Cboe Global Markets (CBOE) and MSCI (MSCI) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Cboe Global Markets (CBOE) and MSCI (MSCI) are both classified in the Financial Exchanges & Data sub-industry within the broader Capital Markets industry, placing them in the closest GICS peer bucket.

Company profile comparison for Cboe Global Markets (CBOE) and MSCI (MSCI)
Profile ItemCBOEMSCI
NameCboe Global Markets Inc.MSCI Inc.
Country/RegionUnited StatesUnited States
GICS SectorFinancialsFinancials
GICS Industry GroupFinancial ServicesFinancial Services
GICS IndustryCapital MarketsCapital Markets
GICS Sub-IndustryFinancial Exchanges & DataFinancial Exchanges & Data
Market Capitalization36.86 billion USD46.60 billion USD
CurrencyUSDUSD
ExchangeCboeNYSE
Listing DateJune 15, 2010November 15, 2007
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CBOE
MSCI
GSPC
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Cboe Global Markets (CBOE) vs. MSCI (MSCI), with S&P 500 (GSPC) for reference: 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 MSCI (MSCI). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Cboe Global Markets (CBOE) and MSCI (MSCI)
MetricCBOEMSCI
Total Return (1Y)38.97%12.76%
Total Return (3Y, Annualized)27.34%9.86%
Total Return (5Y, Annualized)23.42%1.00%

Risk Profile

Drawdown History

CBOE
MSCI
GSPC
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Cboe Global Markets (CBOE) vs. MSCI (MSCI), with S&P 500 (GSPC) for reference: 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 MSCI (MSCI). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Cboe Global Markets (CBOE) and MSCI (MSCI)
MetricCBOEMSCI
Volatility (1Y, Annualized)36.53%29.82%
Beta (5Y)0.351.17
Max Drawdown (5Y)-36.73%-43.74%
Avg. Volume (3M)1.14M590.34K

Risk-Adjusted Performance

Risk-Return Positioning

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CBOE and MSCI are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Cboe Global Markets (CBOE) and MSCI (MSCI)
MetricCBOEMSCI
Sharpe Ratio (1Y)0.950.28
Sortino Ratio (1Y)1.370.40

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Cboe Global Markets (CBOE) earns 27.39% on shareholders’ equity, ranked against its industry; MSCI (MSCI) has no ROE this period.

CBOE

Financial Services industry group

27.39%

Max
44.78%
CBOE
27.39%
Q3
21.85%
Median
12.91%
Q1
4.48%
Min
-18.71%

MSCI

Financial Services industry group

--

Max
44.78%
Q3
21.85%
Median
12.91%
Q1
4.48%
Min
-18.71%
MSCI
--
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Cboe Global Markets (CBOE) vs. MSCI (MSCI): MSCI does not report ROE, so it has no value marker; CBOE is benchmarked against the Financial Services industry group.

Net Margin (TTM)

MSCI (MSCI) at 40.31% retains a top-quartile share of revenue as profit, ahead of Cboe Global Markets (CBOE) at 28.05%, which keeps about the industry-typical share.

CBOE

Financial Services industry group

28.05%

Max
62.84%
Q3
28.05%
CBOE
28.05%
Median
15.36%
Q1
4.82%
Min
-28.52%

MSCI

Financial Services industry group

40.31%

Max
62.84%
MSCI
40.31%
Q3
28.05%
Median
15.36%
Q1
4.82%
Min
-28.52%
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Cboe Global Markets (CBOE) vs. MSCI (MSCI): A comparison of their net margin against the Financial Services industry group benchmark.

Operating Margin (TTM)

MSCI (MSCI) at 56.41% operates in the top operating margin quartile, ahead of Cboe Global Markets (CBOE) at 35.29%, which runs around its industry’s norm.

CBOE

Financial Services industry group

35.29%

Max
107.33%
Q3
55.90%
CBOE
35.29%
Median
30.09%
Q1
14.60%
Min
-44.34%

MSCI

Financial Services industry group

56.41%

Max
107.33%
MSCI
56.41%
Q3
55.90%
Median
30.09%
Q1
14.60%
Min
-44.34%
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Cboe Global Markets (CBOE) vs. MSCI (MSCI): A comparison of their operating margin against the Financial Services industry group benchmark.

Profitability Metrics

Profitability metrics for Cboe Global Markets (CBOE) and MSCI (MSCI)
MetricCBOEMSCI
ROE (TTM)27.39%--
ROA (TTM)11.84%21.75%
Net Margin (TTM)28.05%40.31%
Operating Margin (TTM)35.29%56.41%
Gross Margin (TTM)----

Growth

Revenue Growth

Both Cboe Global Markets (CBOE) at 15.13% and MSCI (MSCI) at 9.75% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Cboe Global Markets (CBOE) vs. MSCI (MSCI): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Cboe Global Markets (CBOE) at 44.52% and MSCI (MSCI) at 11.67% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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Cboe Global Markets (CBOE) vs. MSCI (MSCI): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Cboe Global Markets (CBOE) and MSCI (MSCI)
MetricCBOEMSCI
Revenue Growth (YoY)15.13%9.75%
Revenue Growth (3Y CAGR)6.00%11.71%
EPS Growth (YoY)44.52%11.67%
EPS Growth (3Y CAGR)68.19%13.54%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Cboe Global Markets (CBOE) in Financial Services and MSCI (MSCI) in Financial Services both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for both: Cboe Global Markets (CBOE) in Financial Services and MSCI (MSCI) in Financial Services run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.

Financial Strength Metrics

Financial strength metrics for Cboe Global Markets (CBOE) and MSCI (MSCI)
MetricCBOEMSCI
Current Ratio (MRQ)----
Debt / Equity (MRQ)----
Net Debt / EBITDA----

Dividends

Dividend Yield (TTM)

Both Cboe Global Markets (CBOE) at 0.86% and MSCI (MSCI) at 1.21% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

CBOE

Financial Services industry group

0.86%

Max
9.77%
Q3
3.92%
Median
1.09%
CBOE
0.86%
Q1
0.00%
Min
0.00%

MSCI

Financial Services industry group

1.21%

Max
9.77%
Q3
3.92%
MSCI
1.21%
Median
1.09%
Q1
0.00%
Min
0.00%
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Cboe Global Markets (CBOE) vs. MSCI (MSCI): A comparison of their dividend yield against the Financial Services industry group benchmark.

Dividend Payout Ratio (TTM)

Both Cboe Global Markets (CBOE) at 21.49% and MSCI (MSCI) at 42.04% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

CBOE

Financial Services industry group

21.49%

Max
241.07%
Q3
97.36%
Median
25.77%
CBOE
21.49%
Q1
0.00%
Min
0.00%

MSCI

Financial Services industry group

42.04%

Max
241.07%
Q3
97.36%
MSCI
42.04%
Median
25.77%
Q1
0.00%
Min
0.00%
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Cboe Global Markets (CBOE) vs. MSCI (MSCI): A comparison of their payout ratio against the Financial Services industry group benchmark.

Dividend Metrics

Dividend metrics for Cboe Global Markets (CBOE) and MSCI (MSCI)
MetricCBOEMSCI
Dividend Yield (TTM)0.86%1.21%
Dividend Payout Ratio (TTM)21.49%42.04%

Valuation

P/E Ratio (TTM)

Both Cboe Global Markets (CBOE) at 25.14 and MSCI (MSCI) at 33.90 sit in the richer earnings-multiple quartile for P/E ratio, so investors are paying more for TTM earnings than they pay for typical peers.

CBOE

Financial Services industry group

25.14

Max
45.85
CBOE
25.14
Q3
24.64
Median
15.37
Q1
9.68
Min
0.16

MSCI

Financial Services industry group

33.90

Max
45.85
MSCI
33.90
Q3
24.64
Median
15.37
Q1
9.68
Min
0.16
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Cboe Global Markets (CBOE) vs. MSCI (MSCI): A comparison of their P/E ratio against the Financial Services industry group benchmark.

P/S Ratio (TTM)

Both look expensive on sales: Cboe Global Markets (CBOE) at 6.98 sits in the upper P/S ratio quartile, and MSCI (MSCI) at 13.58 prices even higher, above its industry range.

CBOE

Financial Services industry group

6.98

Max
9.23
CBOE
6.98
Q3
4.57
Median
2.72
Q1
1.28
Min
-0.55

MSCI

Financial Services industry group

13.58

MSCI
13.58
Max
9.23
Q3
4.57
Median
2.72
Q1
1.28
Min
-0.55
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Cboe Global Markets (CBOE) vs. MSCI (MSCI): A comparison of their P/S ratio against the Financial Services industry group benchmark.

P/B Ratio (MRQ)

MSCI (MSCI) reports a negative P/B ratio of -15.24, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Cboe Global Markets (CBOE) reports 6.22, ranking against industry peers normally.

CBOE

Financial Services industry group

6.22

Max
7.79
CBOE
6.22
Q3
3.63
Median
1.57
Q1
0.81
Min
-0.39

MSCI

Financial Services industry group

-15.24

Max
7.79
Q3
3.63
Median
1.57
Q1
0.81
Min
-0.39
MSCI
-15.24
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Cboe Global Markets (CBOE) vs. MSCI (MSCI): A comparison of their P/B ratio against the Financial Services industry group benchmark.

Valuation Metrics

Valuation metrics for Cboe Global Markets (CBOE) and MSCI (MSCI)
MetricCBOEMSCI
P/E Ratio (TTM)25.1433.90
P/S Ratio (TTM)6.9813.58
P/B Ratio (MRQ)6.22-15.24
Free Cash Flow Yield (TTM)----