Cboe Global Markets (LTS:0HQN) Moat Score: 7/10 (As of Aug. 15, 2026)

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LTS:0HQN Cboe Global Markets Inc LTS:0HQN
92 GF Score
Price $296.11
GF Value $237.99
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Cboe Global Markets Moat Score?

Cboe Global Markets LTS:0HQN +1.22% 92 Moat Score is 7 as of Aug. 15, 2026. GuruFocus rates LTS:0HQN with a GF Score™ of 92/100 and a GF Value™ of $237.99 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 839 Capital Markets companies, Cboe Global Markets ranks better than 98.69% on this metric.

Cboe Global Markets has the Moat Score of 7, which implies that the company might have Wide Moat - Entry-level wide moat, clearly possessing durable advantages.

Cboe Global Markets has Wide Moat: Cboe Global Markets Inc has a strong market position with significant network effects due to its trading platforms. It benefits from regulatory barriers and a robust distribution network, providing durable competitive advantages and strong pricing power in the financial exchange industry.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Cboe Global Markets might have Wide Moat - Entry-level wide moat, clearly possessing durable advantages.

Cboe Global Markets  (LTS:0HQN) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Cboe Global Markets Moat Score Related Terms

LTS:0HQN vs MSCI, COIN, TRU: Moat Score Comparison

For the Financial Data & Stock Exchanges subindustry, Cboe Global Markets's Moat Score, along with its competitors' market caps and Moat 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 Moat Score vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Cboe Global Markets's Moat Score distribution charts can be found below:

* The bar in red indicates where Cboe Global Markets's Moat Score falls into.


LTS:0HQN
92GF Score
Cboe Global Markets Inc LTS:0HQN
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 7 mean?
Cboe Global Markets (LTS:0HQN) has a Moat Score of 7 as of Aug. 15, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Cboe Global Markets ranks #11 out of 839 companies in the Capital Markets industry, placing it in the top 1.3%.
Is Cboe Global Markets' Moat Score too high?
Cboe Global Markets' current Moat Score is 7. Based on the distribution chart, Cboe Global Markets ranks #11 out of 839 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 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cboe Global Markets' Moat Score compare to MSCI and COIN?
According to the Capital Markets industry distribution chart, Cboe Global Markets ranks #11 out of 839 companies for Moat Score. This places Cboe Global Markets in the top 1% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Capital Markets company?
A good Moat Score depends on the Capital Markets industry context. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Cboe Global Markets's current Moat Score is 7. 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 (LTS:0HQN) is currently considered Modestly Overvalued. The stock's GF Value™ is $237.99, compared to a current price of $296.11 — trading 24.4% above its estimated fair value. The current Moat Score is 7. Cboe Global Markets' overall GF Score™ is 92/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Cboe Global Markets (LTS:0HQN), the current Moat Score is 7 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 (LTS:0HQN) Overvalued in 2026?

Based on GuruFocus' analysis, Cboe Global Markets stock appears to be overvalued. The current stock price of $296.11 is trading 24.4% above its estimated GF Value™ of $237.99. GuruFocus considers Cboe Global Markets to be Modestly Overvalued.

Key valuation signals for LTS:0HQN:

  • Moat Score: 7
  • GF Value™: $237.99 vs. price of $296.11 (24.4% above fair value)
  • GF Score™: 92/100 with 1 warning sign

No single metric tells the full story. See the LTS:0HQN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Cboe Global Markets Business Description

Address 433 West Van Buren Street, Chicago, IL, USA, 60607
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.
92GF Score

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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$296.11
Price
$237.99
GF Value