Cboe Global Markets, Inc. (CBOE)

BTS · Financials · market cap 34.91B

Share price

$266.67

At the last nightly close

Intrinsic value

$170.32

A single conservative estimate.

Margin of safety

-36.1%

($170.32 − $266.67) ÷ $266.67

EV / EBIT

n/a

Not ranked: financial sector.

How these numbers are computed

The valuations are calculated in Python from filed accounts, not written by a language model. Three methods run side by side: earnings power value, which capitalises a normalised operating profit; a free-cash-flow model; and the Graham Number as an asset-side cross-check. The conservative figure above is the low end of what they agree on.

The frame gives no credit for growth. A company that compounds will therefore read as expensive against it — that is deliberate. It is a price-discipline floor, not a price target, and it is not a view on what the shares will do.

The EV/EBIT ranking uses the median operating profit of up to fifteen fiscal years — a full cycle — where the free screeners use the last twelve months. When the data cannot support a method, the figure reads n/a rather than a number: a free-cash-flow valuation on a bank, a PEG on erratic earnings, a multiple on a company with no operating profit to speak of.

Fundamentals from SEC EDGAR. Prices, market data and technicals from yfinance. Valuation computed 2026-08-24.

Key metrics

Price / earnings20.8
Price / book5.0
EV / EBITDA14.2
FCF / EVn/a
Return on equity+26.3%
Return on assets+11.6%
Debt / equity0.28
Gross margin+54.1%

Market position

52-week high$364.92
52-week low$230.87
From 52-week high-26.9%
RSI (14)34.1
200-day moving average$281.85

Annual financials

PeriodRevenueOperating incomeNet incomeEPSFree cash flow
2025-FY4.71B1.51B1.10B10.461.68B
2024-FY4.09B1.18B764.9M7.241.04B
2023-FY3.77B1.07B761.4M7.161.03B
2022-FY3.96B970.4M235.0M2.20591.3M
2021-FY3.49B805.9M529.0M4.92545.8M

Filed figures from SEC EDGAR, in the reporting currency.

Next earnings

Q4 2026 expectedOctober 30, 2026
Consensus EPS estimate3.44

Recent news

The figures above are the arithmetic. To see what a board of eight AI agents makes of them — macro, sector, filings, news and a devil's advocate whose only job is to attack the thesis — run the full analysis on CBOE.

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This page presents computed figures and filed financial data for information only. It is not investment advice, not a recommendation to buy or sell any security, and not a statement about what these shares will do. Sperio is a research tool, not an investment adviser. Figures are derived automatically from public filings and market data and may be incomplete, out of date or wrong. See the Terms & Disclaimer.