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Cboe Global MarketsSTU:C67 +0.39%88 Piotroski F-Score is 8 as of Aug. 15, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates STU:C67 with a GF Score™ of 88/100 and a GF Value™ of €205.59 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 785 Capital Markets companies, Cboe Global Markets ranks better than 98.6% on this metric.
Good Sign:
Piotroski F-Score is 8, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Cboe Global Markets has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Cboe Global Markets's Piotroski F-Score or its related term are showing as below:
STU:C67'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 9
Current: 8
During the past 13 years, the highest Piotroski F-Score of Cboe Global Markets was 9. The lowest was 3. And the median was 6.
Cboe Global Markets (STU:C67) Piotroski F-Score Explanation
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Cboe Global Markets Piotroski F-Score Related Terms
Cboe Global Markets Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Cboe Global Markets's Piotroski F-Score 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.
STU:C67 vs MSCI, COIN, TRU: Piotroski F-Score Comparison
For the Financial Data & Stock Exchanges subindustry, Cboe Global Markets's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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 Piotroski F-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Cboe Global Markets's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Cboe Global Markets's Piotroski F-Score falls into.
* 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.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Cboe Global Markets's current Net Income (TTM) was 1,164.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Cboe Global Markets's return on assets of this year was 0.14839393. Cboe Global Markets's return on assets of last year was 0.09538508.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Cboe Global Markets's gearing of this year was 0.09291873. Cboe Global Markets's gearing of last year was 0.17185909.
==> This year is lower or equal to last year. ==> Score 1.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
Cboe Global Markets's current ratio of this year was 1.56524483. Cboe Global Markets's current ratio of last year was 1.568298.
==> Last year's current ratio is higher ==> Score 0.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
Cboe Global Markets's number of shares in issue this year was 104.9. Cboe Global Markets's number of shares in issue last year was 105.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
Cboe Global Markets's gross margin of this year was 0.43420774. Cboe Global Markets's gross margin of last year was 0.38232799.
==> This year's gross margin is higher. ==> Score 1.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
Cboe Global Markets's asset turnover of this year was 0.55504587. Cboe Global Markets's asset turnover of last year was 0.48052173.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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8
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Cboe Global Markets has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Cboe Global Markets (STU:C67) has a Piotroski F-Score of 8 as of Aug. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Cboe Global Markets and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Cboe Global Markets' Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Cboe Global Markets ranks #11 out of 785 companies in the Capital Markets industry, placing it in the top 1.4%.
Is Cboe Global Markets' Piotroski F-Score too high?
Cboe Global Markets' current Piotroski F-Score of 8 is 33% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Capital Markets industry median Piotroski F-Score is 5.00. Cboe Global Markets' value of 8 is 60% above this industry median. Based on the distribution chart, Cboe Global Markets ranks #11 out of 785 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Cboe Global Markets has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cboe Global Markets' Piotroski F-Score compare to MSCI and COIN?
According to the Capital Markets industry distribution chart, Cboe Global Markets ranks #11 out of 785 companies for Piotroski F-Score. This places Cboe Global Markets in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Cboe Global Markets' value of 8 is 60% above this benchmark. Historically, Cboe Global Markets' own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, 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 Piotroski F-Score for a Capital Markets company?
The median Piotroski F-Score among Capital Markets companies is 5.00, based on 785 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cboe Global Markets's current Piotroski F-Score of 8 is 60% 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Cboe Global Markets and its competitors. For the Capital Markets industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cboe Global Markets's current Piotroski F-Score is 8, which is 33% above median its own 10-year median of 6.00. 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 (STU:C67) is currently considered Modestly Overvalued. The stock's GF Value™ is €205.59, compared to a current price of €255.80 — trading 24.4% above its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Capital Markets industry median of 5.00. Cboe Global Markets' overall GF Score™ is 88/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Cboe Global Markets (STU:C67), the current Piotroski F-Score is 8 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 (STU:C67) Overvalued in 2026?
Based on GuruFocus' analysis, Cboe Global Markets stock appears to be overvalued.
The current stock price of €255.80 is trading 24.4% above its estimated GF Value™ of €205.59.
GuruFocus considers Cboe Global Markets to be Modestly Overvalued.
Key valuation signals for STU:C67:
Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
GF Value™: €205.59 vs. price of €255.80 (24.4% above fair value)
Industry Position: 60% above the Capital Markets median (#11 of 785)
No single metric tells the full story. See the STU:C67 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.
88GF Score
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