Cboe Global MarketsCBOE -1.59%87 PB Ratio is 4.78 as of Jun. 25, 2026, which is 20% above its 10-year median of 3.99. 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 778 Capital Markets companies, Cboe Global Markets ranks worse than 88.95% on this metric.
Cboe Global Markets Inc stock PB Ratio (=4.86) is close to 2-year low of 4.42.
The historical rank and industry rank for Cboe Global Markets's PB Ratio or its related term are showing as below:
CBOE'
s PB Ratio Range Over the Past 10 Years
Min: 2.63 Med: 3.99 Max: 21.53
Current: 4.78
During the past 13 years, Cboe Global Markets's highest PB Ratio was 21.53. The lowest was 2.63. And the median was 3.99.
CBOE's PB Ratio is ranked worse than 88.95% of 778
companies
in the Capital Markets industry
Industry Median: 1.31
vs CBOE: 4.78
During the past 12 months, Cboe Global Markets's average Book Value Per Share Growth Rate was 20.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 14.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 24.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Cboe Global Markets was 110.10% per year. The lowest was -10.60% per year. And the median was 6.50% per year.
Back to Basics: PB Ratio
Cboe Global Markets (BATS:CBOE) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Cboe Global Markets PB Ratio Related Terms
Cboe Global Markets PB Ratio Historical Data
* Premium members only.
The historical data trend for Cboe Global Markets's PB Ratio 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 PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Cboe Global Markets's PB Ratio distribution charts can be found below:
* The bar in red indicates where Cboe Global Markets's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Cboe Global Markets (CBOE) has a PB Ratio of 4.78 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Cboe Global Markets and its competitors. This is 20% above median its historical median of 3.99. Over the past decade, Cboe Global Markets' PB Ratio has ranged from 2.63 to 21.53. According to the industry distribution chart, Cboe Global Markets ranks #692 out of 778 companies in the Capital Markets industry, placing it in the top 88.9%.
Is Cboe Global Markets' PB Ratio too high?
Cboe Global Markets' current PB Ratio of 4.78 is 20% above median its 10-year median of 3.99. Over the past 10 years, this metric has ranged from a low of 2.63 to a high of 21.53. The Capital Markets industry median PB Ratio is 1.31. Cboe Global Markets' value of 4.78 is 264.9% above this industry median. Based on the distribution chart, Cboe Global Markets ranks #692 out of 778 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. 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' PB Ratio compare to MSCI and COIN?
According to the Capital Markets industry distribution chart, Cboe Global Markets ranks #692 out of 778 companies for PB Ratio. This places Cboe Global Markets in the lower half of its industry. The industry median PB Ratio is 1.31. Cboe Global Markets' value of 4.78 is 264.9% above this benchmark. Historically, Cboe Global Markets' own PB Ratio has ranged from 2.63 to 21.53 over the past decade. While the company's 10-year median is 3.99 vs. the industry median of 1.31, 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 PB Ratio for a Capital Markets company?
The median PB Ratio among Capital Markets companies is 1.31, based on 778 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cboe Global Markets's current PB Ratio of 4.78 is 264.9% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Cboe Global Markets and its competitors. For the Capital Markets industry, the median PB Ratio is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cboe Global Markets's current PB Ratio is 4.78, which is 20% above median its own 10-year median of 3.99. 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 $245.63 — trading 13.4% above its estimated fair value. The current PB Ratio is 4.78, which is 20% above median its 10-year median of 3.99 and 264.9% above the Capital Markets industry median of 1.31. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Cboe Global Markets (CBOE), the current PB Ratio is 4.78 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 $245.63 is trading 13.4% above its estimated GF Value™ of $216.68.
GuruFocus considers Cboe Global Markets to be Modestly Overvalued.
Key valuation signals for CBOE:
PB Ratio: 4.78 (20% above median its 10-year median of 3.99)
GF Value™: $216.68 vs. price of $245.63 (13.4% above fair value)
Industry Position: 264.9% above the Capital Markets median (#692 of 778)
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.
87GF Score
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