Cboe Global MarketsCBOE -3.04%87 EV-to-FCF is 9.37 as of Jun. 25, 2026, which is 60% below its 10-year median of 23.46. GuruFocus rates CBOE with a GF Score™ of 87/100 and a GF Value™ of $216.68 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 443 Capital Markets companies, Cboe Global Markets ranks worse than 50.11% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Cboe Global Markets's Enterprise Value is $25,535 Mil.
Cboe Global Markets's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $2,724 Mil. Therefore, Cboe Global Markets's EV-to-FCF for today is 9.37.
The historical rank and industry rank for Cboe Global Markets's EV-to-FCF or its related term are showing as below:
CBOE'
s EV-to-FCF Range Over the Past 10 Years
Min: -235.7 Med: 23.46 Max: 254.42
Current: 9.37
During the past 13 years, the highest EV-to-FCF of Cboe Global Markets was 254.42. The lowest was -235.70. And the median was 23.46.
CBOE's EV-to-FCF is ranked worse than 50.11% of 443
companies
in the Capital Markets industry
Industry Median: 9.37
vs CBOE: 9.37
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 (BATS:CBOE) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 $249.59.
Cboe Global Markets's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $11.710.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Cboe Global Markets EV-to-FCF Related Terms
Cboe Global Markets EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Cboe Global Markets's EV-to-FCF 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-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Cboe Global Markets's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Cboe Global Markets's EV-to-FCF falls into.
Cboe Global Markets's current Enterprise Value is $25,535 Mil.
Cboe Global Markets's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,724 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-FCF of 9.37 as of Jun. 25, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Cboe Global Markets and its competitors. This is 60% below median its historical median of 23.46. According to the industry distribution chart, Cboe Global Markets ranks #222 out of 443 companies in the Capital Markets industry, placing it in the top 50.1%.
Is Cboe Global Markets' EV-to-FCF too high?
Cboe Global Markets' current EV-to-FCF of 9.37 is 60% below median its 10-year median of 23.46. The Capital Markets industry median EV-to-FCF is 9.37. Cboe Global Markets' value of 9.37 is 0% at this industry median. Based on the distribution chart, Cboe Global Markets ranks #222 out of 443 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Cboe Global Markets has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cboe Global Markets' EV-to-FCF compare to MSCI and COIN?
According to the Capital Markets industry distribution chart, Cboe Global Markets ranks #222 out of 443 companies for EV-to-FCF. This places Cboe Global Markets in the lower half of its industry. The industry median EV-to-FCF is 9.37. Cboe Global Markets' value of 9.37 is 0% at this benchmark. While the company's 10-year median is 23.46 vs. the industry median of 9.37, Cboe Global Markets has consistently been at 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-FCF for a Capital Markets company?
The median EV-to-FCF among Capital Markets companies is 9.37, based on 443 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cboe Global Markets's current EV-to-FCF of 9.37 is 0% at 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Cboe Global Markets and its competitors. For the Capital Markets industry, the median EV-to-FCF is 9.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cboe Global Markets's current EV-to-FCF is 9.37, which is 60% below median its own 10-year median of 23.46. 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 $216.68, compared to a current price of $249.59 — trading 15.2% above its estimated fair value. The current EV-to-FCF is 9.37, which is 60% below median its 10-year median of 23.46 and 0% at the Capital Markets industry median of 9.37. Cboe Global Markets' overall GF Score™ is 87/100 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Cboe Global Markets (CBOE), the current EV-to-FCF is 9.37 as of Jun. 25, 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 $249.59 is trading 15.2% above its estimated GF Value™ of $216.68.
GuruFocus considers Cboe Global Markets to be Modestly Overvalued.
Key valuation signals for CBOE:
EV-to-FCF: 9.37 (60% below median its 10-year median of 23.46)
GF Value™: $216.68 vs. price of $249.59 (15.2% above fair value)
Industry Position: 0% at the Capital Markets median (#222 of 443)
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.
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