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Cboe Global MarketsMIL:1CBOE +0.48%68 Gross Margin % is 39.98% as of Jun. 2026, which is 9% above its 10-year median of 36.63. GuruFocus rates MIL:1CBOE with a GF Score™ of 68/100 and a GF Value™ of €203.82 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 621 Capital Markets companies, Cboe Global Markets ranks worse than 53.78% on this metric.
Cboe Global Markets (MIL:1CBOE) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Cboe Global Markets had a gross margin of 39.98% for the quarter that ended in Jun. 2026 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Cboe Global Markets Gross Margin % Related Terms
Cboe Global Markets Gross Margin % Historical Data
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The historical data trend for Cboe Global Markets's Gross Margin % 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.
MIL:1CBOE vs MSCI, COIN, TRU: Gross Margin % Comparison
For the Financial Data & Stock Exchanges subindustry, Cboe Global Markets's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Cboe Global Markets's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Cboe Global Markets's Gross Margin % 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Cboe Global Markets (MIL:1CBOE) has a Gross Margin % of 39.98% as of Jun. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Cboe Global Markets and its competitors. This is near median its historical median of 36.63. Over the past decade, Cboe Global Markets' Gross Margin % has ranged from 30.04 to 64.46. According to the industry distribution chart, Cboe Global Markets ranks #334 out of 621 companies in the Capital Markets industry, placing it in the top 53.8%.
Is Cboe Global Markets' Gross Margin % too high?
Cboe Global Markets' current Gross Margin % of 39.98% is near median its 10-year median of 36.63. Over the past 10 years, this metric has ranged from a low of 30.04 to a high of 64.46. The Capital Markets industry median Gross Margin % is 50.23. Cboe Global Markets' value of 39.98% is 20.4% below this industry median. Based on the distribution chart, Cboe Global Markets ranks #334 out of 621 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Cboe Global Markets has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cboe Global Markets' Gross Margin % compare to MSCI and COIN?
According to the Capital Markets industry distribution chart, Cboe Global Markets ranks #334 out of 621 companies for Gross Margin %. This places Cboe Global Markets in the lower half of its industry. The industry median Gross Margin % is 50.23. Cboe Global Markets' value of 39.98% is 20.4% below this benchmark. Historically, Cboe Global Markets' own Gross Margin % has ranged from 30.04 to 64.46 over the past decade. While the company's 10-year median is 36.63 vs. the industry median of 50.23, Cboe Global Markets has consistently been below 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 Gross Margin % for a Capital Markets company?
The median Gross Margin % among Capital Markets companies is 50.23, based on 621 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cboe Global Markets's current Gross Margin % of 39.98% is 20.4% below 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Cboe Global Markets and its competitors. For the Capital Markets industry, the median Gross Margin % is 50.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cboe Global Markets's current Gross Margin % is 39.98%, which is near median its own 10-year median of 36.63. 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 (MIL:1CBOE) is currently considered Modestly Overvalued. The stock's GF Value™ is €203.82, compared to a current price of €253.60 — trading 24.4% above its estimated fair value. The current Gross Margin % is 39.98%, which is near median its 10-year median of 36.63 and 20.4% below the Capital Markets industry median of 50.23. Cboe Global Markets' overall GF Score™ is 68/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Cboe Global Markets (MIL:1CBOE), the current Gross Margin % is 39.98% 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 (MIL:1CBOE) Overvalued in 2026?
Based on GuruFocus' analysis, Cboe Global Markets stock appears to be overvalued.
The current stock price of €253.60 is trading 24.4% above its estimated GF Value™ of €203.82.
GuruFocus considers Cboe Global Markets to be Modestly Overvalued.
Key valuation signals for MIL:1CBOE:
Gross Margin %: 39.98% (near median its 10-year median of 36.63)
GF Value™: €203.82 vs. price of €253.60 (24.4% above fair value)
Industry Position: 20.4% below the Capital Markets median (#334 of 621)
No single metric tells the full story. See the MIL:1CBOE 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.
68GF Score
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