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Cboe Global MarketsCBOE +1.04%93 EV-to-EBITDA is 14.58 as of Aug. 15, 2026, which is 13% below its 10-year median of 16.78. GuruFocus rates CBOE with a GF Score™ of 93/100 and a GF Value™ of $238.01 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 511 Capital Markets companies, Cboe Global Markets ranks worse than 67.71% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Cboe Global Markets's enterprise value is $30,116 Mil.
Cboe Global Markets's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was $2,065 Mil. Therefore, Cboe Global Markets's EV-to-EBITDA for today is 14.58.
The historical rank and industry rank for Cboe Global Markets's EV-to-EBITDA or its related term are showing as below:
CBOE'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 11.45 Med: 16.78 Max: 33.81
Current: 14.58
During the past 13 years, the highest EV-to-EBITDA of Cboe Global Markets was 33.81. The lowest was 11.45. And the median was 16.78.
CBOE's EV-to-EBITDA is ranked worse than 67.71% of 511
companies
in the Capital Markets industry
Industry Median: 9.31
vs CBOE: 14.58
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
Cboe Global Markets (BATS:CBOE) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Cboe Global Markets's PE Ratio (TTM) for today is calculated as:
Cboe Global Markets's share price for today is $296.14.
Cboe Global Markets's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $12.830.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Cboe Global Markets's EV-to-EBITDA 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.
For the Financial Data & Stock Exchanges subindustry, Cboe Global Markets's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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 EV-to-EBITDA vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Cboe Global Markets's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Cboe Global Markets's EV-to-EBITDA falls into.
Cboe Global Markets's current Enterprise Value is $30,116 Mil.
Cboe Global Markets's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,065 Mil.
* 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 (CBOE) has a EV-to-EBITDA of 14.58 as of Aug. 15, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Cboe Global Markets. This is 13% below median its historical median of 16.78. Over the past decade, Cboe Global Markets' EV-to-EBITDA has ranged from 11.45 to 33.81. According to the industry distribution chart, Cboe Global Markets ranks #346 out of 511 companies in the Capital Markets industry, placing it in the top 67.7%.
Is Cboe Global Markets' EV-to-EBITDA too high?
Cboe Global Markets' current EV-to-EBITDA of 14.58 is 13% below median its 10-year median of 16.78. Over the past 10 years, this metric has ranged from a low of 11.45 to a high of 33.81. The Capital Markets industry median EV-to-EBITDA is 9.31. Cboe Global Markets' value of 14.58 is 56.6% above this industry median. Based on the distribution chart, Cboe Global Markets ranks #346 out of 511 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Cboe Global Markets has a GF Score™ of 93/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cboe Global Markets' EV-to-EBITDA compare to MSCI and COIN?
According to the Capital Markets industry distribution chart, Cboe Global Markets ranks #346 out of 511 companies for EV-to-EBITDA. This places Cboe Global Markets in the lower half of its industry. The industry median EV-to-EBITDA is 9.31. Cboe Global Markets' value of 14.58 is 56.6% above this benchmark. Historically, Cboe Global Markets' own EV-to-EBITDA has ranged from 11.45 to 33.81 over the past decade. While the company's 10-year median is 16.78 vs. the industry median of 9.31, Cboe Global Markets has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for a Capital Markets company?
The median EV-to-EBITDA among Capital Markets companies is 9.31, based on 511 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cboe Global Markets's current EV-to-EBITDA of 14.58 is 56.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Cboe Global Markets. For the Capital Markets industry, the median EV-to-EBITDA is 9.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cboe Global Markets's current EV-to-EBITDA is 14.58, which is 13% below median its own 10-year median of 16.78. 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 (CBOE) is currently considered Modestly Overvalued. The stock's GF Value™ is $238.01, compared to a current price of $296.14 — trading 24.4% above its estimated fair value. The current EV-to-EBITDA is 14.58, which is 13% below median its 10-year median of 16.78 and 56.6% above the Capital Markets industry median of 9.31. Cboe Global Markets' overall GF Score™ is 93/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Cboe Global Markets (CBOE), the current EV-to-EBITDA is 14.58 as of Aug. 15, 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 (CBOE) Overvalued in 2026?
Based on GuruFocus' analysis, Cboe Global Markets stock appears to be overvalued.
The current stock price of $296.14 is trading 24.4% above its estimated GF Value™ of $238.01.
GuruFocus considers Cboe Global Markets to be Modestly Overvalued.
Key valuation signals for CBOE:
EV-to-EBITDA: 14.58 (13% below median its 10-year median of 16.78)
GF Value™: $238.01 vs. price of $296.14 (24.4% above fair value)
Industry Position: 56.6% above the Capital Markets median (#346 of 511)
No single metric tells the full story. See the CBOE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
93GF Score
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