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Cboe Global MarketsCBOE +1.04%93 ROA % is 13.03% as of Jun. 2026, which is 44% above its 10-year median of 9.04. GuruFocus rates CBOE with a GF Score™ of 93/100 and a GF Value™ of $238.01 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 817 Capital Markets companies, Cboe Global Markets ranks better than 90.33% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Cboe Global Markets's annualizedNet Income for the quarter that ended in Jun. 2026 was $1,412 Mil.
Cboe Global Markets's average Total Assets over the quarter that ended in Jun. 2026 was $10,840 Mil. Therefore, Cboe Global Markets's annualized ROA % for the quarter that ended in Jun. 2026 was 13.03%.
The historical rank and industry rank for Cboe Global Markets's ROA % or its related term are showing as below:
CBOE'
s ROA % Range Over the Past 10 Years
Min: 3.4 Med: 9.04 Max: 43.37
Current: 13.78
During the past 13 years, Cboe Global Markets's highest ROA % was 43.37%. The lowest was 3.40%. And the median was 9.04%.
CBOE's ROA % is ranked better than 90.33% of 817
companies
in the Capital Markets industry
Industry Median: 1.54
vs CBOE: 13.78
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Jun. 2026) net income data. The Revenue data used here is four times the quarterly (Jun. 2026) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Cboe Global Markets ROA % Related Terms
Cboe Global Markets ROA % Historical Data
* Premium members only.
The historical data trend for Cboe Global Markets's ROA % 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 ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Cboe Global Markets's ROA % distribution charts can be found below:
* The bar in red indicates where Cboe Global Markets's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets 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.
ROA % is displayed in the 30-year financial page.
Cboe Global Markets (CBOE) has a ROA % of 13.03% as of Jun. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Cboe Global Markets and its competitors. This is 44% above median its historical median of 9.04. Over the past decade, Cboe Global Markets' ROA % has ranged from 3.40 to 43.37. According to the industry distribution chart, Cboe Global Markets ranks #79 out of 817 companies in the Capital Markets industry, placing it in the top 9.7%.
Is Cboe Global Markets' ROA % too high?
Cboe Global Markets' current ROA % of 13.03% is 44% above median its 10-year median of 9.04. Over the past 10 years, this metric has ranged from a low of 3.40 to a high of 43.37. The Capital Markets industry median ROA % is 1.54. Cboe Global Markets' value of 13.03% is 746.1% above this industry median. Based on the distribution chart, Cboe Global Markets ranks #79 out of 817 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 93/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cboe Global Markets' ROA % compare to MSCI and COIN?
According to the Capital Markets industry distribution chart, Cboe Global Markets ranks #79 out of 817 companies for ROA %. This places Cboe Global Markets in the top 10% of its industry — outperforming the majority of peers. The industry median ROA % is 1.54. Cboe Global Markets' value of 13.03% is 746.1% above this benchmark. Historically, Cboe Global Markets' own ROA % has ranged from 3.40 to 43.37 over the past decade. While the company's 10-year median is 9.04 vs. the industry median of 1.54, 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 ROA % for a Capital Markets company?
The median ROA % among Capital Markets companies is 1.54, based on 817 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cboe Global Markets's current ROA % of 13.03% is 746.1% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Cboe Global Markets and its competitors. For the Capital Markets industry, the median ROA % is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cboe Global Markets's current ROA % is 13.03%, which is 44% above median its own 10-year median of 9.04. 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 $238.01, compared to a current price of $296.14 — trading 24.4% above its estimated fair value. The current ROA % is 13.03%, which is 44% above median its 10-year median of 9.04 and 746.1% above the Capital Markets industry median of 1.54. Cboe Global Markets' overall GF Score™ is 93/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Cboe Global Markets (CBOE), the current ROA % is 13.03% 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 (CBOE) Overvalued in 2026?
Based on GuruFocus' analysis, Cboe Global Markets stock appears to be overvalued.
The current stock price of $296.14 is trading 24.4% above its estimated GF Value™ of $238.01.
GuruFocus considers Cboe Global Markets to be Modestly Overvalued.
Key valuation signals for CBOE:
ROA %: 13.03% (44% above median its 10-year median of 9.04)
GF Value™: $238.01 vs. price of $296.14 (24.4% above fair value)
Industry Position: 746.1% above the Capital Markets median (#79 of 817)
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.
93GF Score
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