Cboe Global Markets (MEX:CBOE) E10: MXN111.50 (As of Jun. 2026)

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MEX:CBOE Cboe Global Markets Inc MEX:CBOE
86 GF Score
Price MXN4,970.00
GF Value MXN3,994.43
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is Cboe Global Markets E10?

Cboe Global Markets MEX:CBOE 86 E10 is MXN111.50 as of Jun. 2026. GuruFocus rates MEX:CBOE with a GF Score™ of 86/100 and a GF Value™ of MXN3,994.43 (Modestly Overvalued). The stock has 1 warning sign investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Cboe Global Markets's adjusted earnings per share data for the three months ended in Jun. 2026 was MXN58.454. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN111.50 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Cboe Global Markets's average E10 Growth Rate was 21.70% per year. During the past 3 years, the average E10 Growth Rate was 15.60% per year. During the past 5 years, the average E10 Growth Rate was 13.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Cboe Global Markets was 15.60% per year. The lowest was 11.70% per year. And the median was 13.30% per year.

As of today (2026-08-15), Cboe Global Markets's current stock price is MXN4970.00. Cboe Global Markets's E10 for the quarter that ended in Jun. 2026 was MXN111.50. Cboe Global Markets's Shiller PE Ratio of today is 44.57.

During the past 13 years, the highest Shiller PE Ratio of Cboe Global Markets was 60.71. The lowest was 28.52. And the median was 40.83.


Cboe Global Markets  (MEX:CBOE) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Cboe Global Markets's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=4970.00/111.50
=44.57

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of Cboe Global Markets was 60.71. The lowest was 28.52. And the median was 40.83.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Cboe Global Markets E10 Related Terms


Cboe Global Markets E10 Historical Data

* Premium members only.

The historical data trend for Cboe Global Markets's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Cboe Global Markets E10 Chart

Cboe Global Markets Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 65.53 71.21 67.73 105.20 104.67

Cboe Global Markets Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 94.65 96.81 104.67 106.36 111.50

MEX:CBOE vs MSCI, COIN, TRU: E10 Comparison

For the Financial Data & Stock Exchanges subindustry, Cboe Global Markets's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cboe Global Markets Shiller PE Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Cboe Global Markets's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Cboe Global Markets's Shiller PE Ratio falls into.


MEX:CBOE
86GF Score
Cboe Global Markets Inc MEX:CBOE
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cboe Global Markets E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Cboe Global Markets's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=58.454/333.9520*333.9520
=58.454

Current CPI (Jun. 2026) = 333.9520.

Cboe Global Markets Quarterly Data

per share eps CPI Adj_EPS
201609 9.668 241.428 13.373
201612 11.339 241.432 15.684
201703 3.013 243.801 4.127
201706 10.846 244.955 14.787
201709 9.618 246.819 13.013
201712 44.385 246.524 60.126
201803 18.894 249.554 25.284
201806 14.344 251.989 19.010
201809 14.216 252.439 18.806
201812 24.151 251.233 32.103
201903 16.488 254.202 21.661
201906 14.983 256.143 19.534
201909 18.557 256.759 24.136
201912 14.522 256.974 18.872
202003 33.296 258.115 43.079
202006 23.775 257.797 30.798
202009 22.312 260.280 28.627
202012 16.113 260.474 20.658
202103 25.960 264.877 32.730
202106 19.508 271.696 23.978
202109 23.029 274.310 28.036
202112 31.592 278.802 37.841
202203 20.309 287.504 23.590
202206 -35.005 296.311 -39.452
202209 28.362 296.808 31.911
202212 29.049 296.797 32.686
202303 29.381 301.836 32.507
202306 26.916 305.109 29.460
202309 33.967 307.789 36.854
202312 33.609 306.746 36.590
202403 32.529 312.332 34.781
202406 24.366 314.175 25.900
202409 40.759 315.301 43.170
202412 38.792 315.605 41.047
202503 48.486 319.799 50.632
202506 41.989 322.561 43.472
202509 52.281 324.800 53.754
202512 53.477 324.054 55.110
202603 66.000 330.213 66.747
202606 58.454 333.952 58.454

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of MXN111.50 mean?
Cboe Global Markets (MEX:CBOE) has a E10 of MXN111.50 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Cboe Global Markets and its competitors.
Is Cboe Global Markets' E10 too high?
Cboe Global Markets' current E10 is MXN111.50. Overall, Cboe Global Markets has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cboe Global Markets' E10 compare to MSCI and COIN?
Cboe Global Markets' E10 of MXN111.50 can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Capital Markets company?
A good E10 depends on the Capital Markets industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Cboe Global Markets and its competitors. Cboe Global Markets's current E10 is MXN111.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cboe Global Markets stock overvalued right now?
Based on GuruFocus' analysis, Cboe Global Markets (MEX:CBOE) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN3,994.43, compared to a current price of MXN4,970.00 — trading 24.4% above its estimated fair value. The current E10 is MXN111.50. Cboe Global Markets' overall GF Score™ is 86/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Cboe Global Markets (MEX:CBOE), the current E10 is MXN111.50 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Cboe Global Markets (MEX:CBOE) Overvalued in 2026?

Based on GuruFocus' analysis, Cboe Global Markets stock appears to be overvalued. The current stock price of MXN4,970.00 is trading 24.4% above its estimated GF Value™ of MXN3,994.43. GuruFocus considers Cboe Global Markets to be Modestly Overvalued.

Key valuation signals for MEX:CBOE:

  • E10: MXN111.50
  • GF Value™: MXN3,994.43 vs. price of MXN4,970.00 (24.4% above fair value)
  • GF Score™: 86/100 with 1 warning sign

No single metric tells the full story. See the MEX:CBOE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cboe Global Markets Business Description

Address 433 West Van Buren Street, Chicago, IL, USA, 60607
Founded in 1973, Cboe controls the largest option exchange in the US, which provides around 60% of the firm's revenue. The company is best known for its proprietary S&P 500 and VIX index options, which it offers through an exclusive contract with S&P Global. The firm moved into US and European equities through the $3.4 billion acquisition of BATS in 2017. Cboe has continued to look to expand internationally, using acquisitions to build a presence in both Canada and Australia.
86GF Score

Get the complete analysis for MEX:CBOE

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN4,970.00
Price
MXN3,994.43
GF Value