ICE

NYSE

Intercontinental Exchange, Inc.

Financials, Financial Exchanges & Data

$150.30

close 7 Aug 2026

-19.16%

52-week change

$84.32B

market cap

$121.79

$187.09

52-week range

Expected price

$189.43 – $231.53

Current price

$150.30

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)21.23x

P/S (TTM)6.28x

P/B2.85x

EV/EBITDA (TTM)—

FCF yield (TTM)6.02%

PEG (TTM, GAAP)0.69

Context

P/E, own 5-year average29.57x

P/E, sector median16.04x*

Price at 5-year median P/E$214.03*

Indicated dividend yield1.38%

Forward — analyst consensus

Forward P/E (FY2026)18.42x*

Forward P/E (FY2027)17.05x

Forward PEG2.29*

Consensus EPS FY2026 (12 analysts)$8.16

EPS growth (FY2026→FY2027)8.04%

Revenue growth (FY2026)10.99%

Street view

Price target (mean)$185.86*

Target upside23.66%

Ratings (buy / hold / sell)14 / 1 / 0

FY2026 EPS revisions, 30d (up / down)3 / 10

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 30 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 +9.91%10Y CAGR +14.36%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$150.30

Cash & equivalents$1.07B

Total debt$19.85B

Shares outstanding561.00M

Result

DCF price per share$267.34

Current price$150.30

Margin of safety+77.87%

PV of years 1–10$55.99B

PV of terminal value$112.77B

Equity value$149.98B

Market-implied growth+3.60%

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	$5.58B	$6.13B	$6.74B	$7.41B	$8.14B	$8.95B	$9.84B	$10.81B	$11.89B	$13.06B	$243.46B
PV	$5.17B	$5.26B	$5.35B	$5.45B	$5.54B	$5.64B	$5.74B	$5.84B	$5.95B	$6.05B	$112.77B

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