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Cboe Global MarketsBSP:C1BO34 23 Return-on-Tangible-Equity is 121.84% as of Jun. 2026, which is 64% below its 10-year median of 338.46. GuruFocus rates BSP:C1BO34 with a GF Score™ of 23/100 and a GF Value™ of R$626.28 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 781 Capital Markets companies, Cboe Global Markets ranks better than 95.9% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Cboe Global Markets's annualized net income for the quarter that ended in Jun. 2026 was R$7,237 Mil. Cboe Global Markets's average shareholder tangible equity for the quarter that ended in Jun. 2026 was R$5,940 Mil. Therefore, Cboe Global Markets's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 121.84%.
The historical rank and industry rank for Cboe Global Markets's Return-on-Tangible-Equity or its related term are showing as below:
BSP:C1BO34'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 90.57 Med: 338.46 Max: 586.35
Current: 199.38
During the past 13 years, Cboe Global Markets's highest Return-on-Tangible-Equity was 586.35%. The lowest was 90.57%. And the median was 338.46%.
BSP:C1BO34's Return-on-Tangible-Equity is ranked better than 95.9% of 781
companies
in the Capital Markets industry
Industry Median: 6.45
vs BSP:C1BO34: 199.38
Cboe Global Markets (BSP:C1BO34) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Cboe Global Markets Return-on-Tangible-Equity Related Terms
Cboe Global Markets Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Cboe Global Markets's Return-on-Tangible-Equity 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.
Cboe Global Markets Return-on-Tangible-Equity Chart
BSP:C1BO34 vs MSCI, COIN, TRU: Return-on-Tangible-Equity Comparison
For the Financial Data & Stock Exchanges subindustry, Cboe Global Markets's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Cboe Global Markets's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Cboe Global Markets's Return-on-Tangible-Equity 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 121.84% mean?
Cboe Global Markets (BSP:C1BO34) has a Return-on-Tangible-Equity of 121.84% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Cboe Global Markets and its competitors. This is 64% below median its historical median of 338.46. Over the past decade, Cboe Global Markets' Return-on-Tangible-Equity has ranged from 90.57 to 586.35. According to the industry distribution chart, Cboe Global Markets ranks #32 out of 781 companies in the Capital Markets industry, placing it in the top 4.1%.
Is Cboe Global Markets' Return-on-Tangible-Equity too high?
Cboe Global Markets' current Return-on-Tangible-Equity of 121.84% is 64% below median its 10-year median of 338.46. Over the past 10 years, this metric has ranged from a low of 90.57 to a high of 586.35. The Capital Markets industry median Return-on-Tangible-Equity is 6.45. Cboe Global Markets' value of 121.84% is 1789% above this industry median. Based on the distribution chart, Cboe Global Markets ranks #32 out of 781 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 23/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cboe Global Markets' Return-on-Tangible-Equity compare to MSCI and COIN?
According to the Capital Markets industry distribution chart, Cboe Global Markets ranks #32 out of 781 companies for Return-on-Tangible-Equity. This places Cboe Global Markets in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.45. Cboe Global Markets' value of 121.84% is 1789% above this benchmark. Historically, Cboe Global Markets' own Return-on-Tangible-Equity has ranged from 90.57 to 586.35 over the past decade. While the company's 10-year median is 338.46 vs. the industry median of 6.45, 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 Return-on-Tangible-Equity for a Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.45, based on 781 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cboe Global Markets's current Return-on-Tangible-Equity of 121.84% is 1789% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Cboe Global Markets and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cboe Global Markets's current Return-on-Tangible-Equity is 121.84%, which is 64% below median its own 10-year median of 338.46. 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 (BSP:C1BO34) is currently considered Significantly Overvalued. The stock's GF Value™ is R$626.28, compared to a current price of R$779.24 — trading 24.4% above its estimated fair value. The current Return-on-Tangible-Equity is 121.84%, which is 64% below median its 10-year median of 338.46 and 1789% above the Capital Markets industry median of 6.45. Cboe Global Markets' overall GF Score™ is 23/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Cboe Global Markets (BSP:C1BO34), the current Return-on-Tangible-Equity is 121.84% 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 (BSP:C1BO34) Overvalued in 2026?
Based on GuruFocus' analysis, Cboe Global Markets stock appears to be overvalued.
The current stock price of R$779.24 is trading 24.4% above its estimated GF Value™ of R$626.28.
GuruFocus considers Cboe Global Markets to be Significantly Overvalued.
Key valuation signals for BSP:C1BO34:
Return-on-Tangible-Equity: 121.84% (64% below median its 10-year median of 338.46)
GF Value™: R$626.28 vs. price of R$779.24 (24.4% above fair value)
Industry Position: 1789% above the Capital Markets median (#32 of 781)
No single metric tells the full story. See the BSP:C1BO34 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.
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