Intercontinental ExchangeFRA:IC2 -3.46%86 Interest Coverage is 8.40 as of Mar. 2026, which is 2% below its 10-year median of 8.59. GuruFocus rates FRA:IC2 with a GF Score™ of 86/100 and a GF Value™ of €145.22 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 430 Capital Markets companies, Intercontinental Exchange ranks worse than 63.02% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Intercontinental Exchange's
Operating Income
for the
three
months ended in Mar. 2026 was €1,476 Mil. Intercontinental Exchange's Interest Expense for the
three
months ended in Mar. 2026 was €-176 Mil.
Intercontinental Exchange's interest coverage for the quarter that ended in Mar. 2026 was 8.40.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Intercontinental Exchange's Interest Coverage or its related term are showing as below:
FRA:IC2'
s Interest Coverage Range Over the Past 10 Years
Min: 4.85 Med: 8.59 Max: 12.91
Current: 6.82
FRA:IC2's Interest Coverage is ranked worse than 63.02% of 430
companies
in the Capital Markets industry
Industry Median: 19.375
vs FRA:IC2: 6.82
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Intercontinental Exchange Interest Coverage Related Terms
Intercontinental Exchange Interest Coverage Historical Data
* 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: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
FRA:IC2 vs MCO, CME, NDAQ: Interest Coverage Comparison
For the Financial Data & Stock Exchanges subindustry, Intercontinental Exchange's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.
Intercontinental Exchange Interest Coverage vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Intercontinental Exchange's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Intercontinental Exchange's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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.
Intercontinental Exchange (FRA:IC2) has a Interest Coverage of 8.40 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Intercontinental Exchange and its competitors. This is near median its historical median of 8.59. Over the past decade, Intercontinental Exchange's Interest Coverage has ranged from 4.85 to 12.91. According to the industry distribution chart, Intercontinental Exchange ranks #271 out of 430 companies in the Capital Markets industry, placing it in the top 63%.
Is Intercontinental Exchange's Interest Coverage too high?
Intercontinental Exchange's current Interest Coverage of 8.40 is near median its 10-year median of 8.59. Over the past 10 years, this metric has ranged from a low of 4.85 to a high of 12.91. The Capital Markets industry median Interest Coverage is 19.38. Intercontinental Exchange's value of 8.40 is 56.6% below this industry median. Based on the distribution chart, Intercontinental Exchange ranks #271 out of 430 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Intercontinental Exchange has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Intercontinental Exchange's Interest Coverage compare to MCO and CME?
According to the Capital Markets industry distribution chart, Intercontinental Exchange ranks #271 out of 430 companies for Interest Coverage. This places Intercontinental Exchange in the lower half of its industry. The industry median Interest Coverage is 19.38. Intercontinental Exchange's value of 8.40 is 56.6% below this benchmark. Historically, Intercontinental Exchange's own Interest Coverage has ranged from 4.85 to 12.91 over the past decade. While the company's 10-year median is 8.59 vs. the industry median of 19.38, Intercontinental Exchange 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 Interest Coverage for a Capital Markets company?
The median Interest Coverage among Capital Markets companies is 19.38, based on 430 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Intercontinental Exchange's current Interest Coverage of 8.40 is 56.6% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Intercontinental Exchange and its competitors. For the Capital Markets industry, the median Interest Coverage is 19.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Intercontinental Exchange's current Interest Coverage is 8.40, which is near median its own 10-year median of 8.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intercontinental Exchange stock overvalued right now?
Based on GuruFocus' analysis, Intercontinental Exchange (FRA:IC2) is currently considered Modestly Undervalued. The stock's GF Value™ is €145.22, compared to a current price of €108.75 — trading 25.1% below its estimated fair value. The current Interest Coverage is 8.40, which is near median its 10-year median of 8.59 and 56.6% below the Capital Markets industry median of 19.38. Intercontinental Exchange's overall GF Score™ is 86/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Intercontinental Exchange (FRA:IC2), the current Interest Coverage is 8.40 as of Mar. 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 Intercontinental Exchange (FRA:IC2) Overvalued in 2026?
Based on GuruFocus' analysis, Intercontinental Exchange stock appears to be undervalued.
The current stock price of €108.75 is trading 25.1% below its estimated GF Value™ of €145.22.
GuruFocus considers Intercontinental Exchange to be Modestly Undervalued.
Key valuation signals for FRA:IC2:
Interest Coverage: 8.40 (near median its 10-year median of 8.59)
GF Value™: €145.22 vs. price of €108.75 (25.1% below fair value)
Industry Position: 56.6% below the Capital Markets median (#271 of 430)
No single metric tells the full story. See the FRA:IC2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Intercontinental Exchange is a vertically integrated operator of financial exchanges and provides ancillary data products. Though the company is probably best known for its ownership of the New York Stock Exchange, which it acquired in 2013, ICE operates a large derivatives exchange, too. The company's largest commodity futures product is the ICE Brent crude futures contract. In addition to the exchanges business, which is about 54% of net revenue, Intercontinental Exchange has used a series of acquisitions to create its mortgage technology business (22% of net revenue) and fixed-income and data-services segment (24% of net revenue).
86GF Score
Get the complete analysis for FRA:IC2
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:IC2 has been successfully added to your 
