CBOE

Cboe Global Markets, Inc.

Financials, Financial Exchanges & Data

$286.58

close 7 Aug 2026

+13.17%

52-week change

$29.96B

market cap

$227.15

$371.18

52-week range

Expected price

$328.92 – $402.01

Current price

$286.58

Signal

Could be undervalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)22.34x

P/S (TTM)5.92x

P/B5.33x

EV/EBITDA (TTM)—

FCF yield (TTM)6.26%

PEG (TTM, GAAP)0.33

Context

P/E, own 5-year average33.20x

P/E, sector median16.04x*

Price at 5-year median P/E$366.56*

Indicated dividend yield1.00%

Forward — analyst consensus

Forward P/E (this FY)20.15x*

Forward P/E (next FY)18.79x

Forward PEG2.80*

Consensus EPS this FY (11 analysts)$14.23

EPS growth (this FY→next FY)7.19%

Revenue growth (this FY)18.11%

Street view

Price target (mean)$317.43*

Target upside10.76%

Ratings (buy / hold / sell)3 / 11 / 3

this FY EPS revisions, 30d (up / down)10 / 1

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 31 Jul 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +3.57%10Y CAGR +23.36%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$286.58

Cash & equivalents$2.28B

Total debt$1.44B

Shares outstanding104.55M

Result

DCF price per share$371.18

Current price$286.58

Margin of safety+29.52%

PV of years 1–10$15.00B

PV of terminal value$22.98B

Equity value$38.81B

Market-implied growth+0.17%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$1.94B	$2.01B	$2.08B	$2.16B	$2.23B	$2.31B	$2.40B	$2.48B	$2.57B	$2.66B	$49.61B
PV	$1.80B	$1.72B	$1.65B	$1.59B	$1.52B	$1.46B	$1.40B	$1.34B	$1.29B	$1.23B	$22.98B

period to 30 Jun 2026, filed 31 Jul 2026, close 7 Aug 2026