CME (CME Group) Shiller PE Ratio: 28.54 (As of Sep. 08, 2026) — 12% Below Median

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CME CME Group Inc CME
83 GF Score
Price $278.23
GF Value $272.68
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is CME Group Shiller PE Ratio?

CME Group CME -1.09% 83 Shiller PE Ratio is 28.54 as of Sep. 08, 2026, which is 12% below its 10-year median of 32.54. GuruFocus rates CME with a GF Score™ of 83/100 and a GF Value™ of $272.68 (Fairly Valued). The stock has 4 warning signs investors should review. Among 472 Capital Markets companies, CME Group ranks worse than 63.77% on this metric.

As of today (2026-09-08), CME Group's current share price is $278.23. CME Group's E10 for the quarter that ended in Jun. 2026 was $9.75. CME Group's Shiller PE Ratio for today is 28.54.

The historical rank and industry rank for CME Group's Shiller PE Ratio or its related term are showing as below:

CME' s Shiller PE Ratio Range Over the Past 10 Years
Min: 23.31   Med: 32.54   Max: 44
Current: 28.54

During the past years, CME Group's highest Shiller PE Ratio was 44.00. The lowest was 23.31. And the median was 32.54.

CME's Shiller PE Ratio is ranked worse than
63.77% of 472 companies
in the Capital Markets industry
Industry Median: 20.945 vs CME: 28.54

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

CME Group's adjusted earnings per share data for the three months ended in Jun. 2026 was $2.880. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $9.75 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


CME Group  (NAS:CME) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


CME Group Shiller PE Ratio Related Terms


CME Group Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for CME Group's Shiller PE 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.

CME Group Shiller PE Ratio Chart

CME Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.83 24.63 27.85 27.96 29.86

CME Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Shiller PE Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 31.34 30.16 29.86 31.14 22.65

CME vs ICE, MCO, SPGI: Shiller PE Ratio Comparison

For the Financial Data & Stock Exchanges subindustry, CME Group's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.


CME Group Shiller PE Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, CME Group's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where CME Group's Shiller PE Ratio falls into.


CME
83GF Score
CME Group Inc CME
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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CME Group Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

CME Group's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=278.23/9.75
=28.54

* 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.

CME Group's E10 for the quarter that ended in Jun. 2026 is calculated as:

For example, CME Group's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=2.88/333.9520*333.9520
=2.880

Current CPI (Jun. 2026) = 333.9520.

CME Group Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 1.390 241.428 1.923
201612 1.100 241.432 1.522
201703 1.180 243.801 1.616
201706 1.220 244.955 1.663
201709 0.910 246.819 1.231
201712 8.630 246.524 11.691
201803 1.760 249.554 2.355
201806 1.660 251.989 2.200
201809 1.210 252.439 1.601
201812 1.090 251.233 1.449
201903 1.390 254.202 1.826
201906 1.430 256.143 1.864
201909 1.780 256.759 2.315
201912 1.310 256.974 1.702
202003 2.140 258.115 2.769
202006 1.400 257.797 1.814
202009 1.150 260.280 1.476
202012 1.180 260.474 1.513
202103 1.600 264.877 2.017
202106 1.420 271.696 1.745
202109 2.580 274.310 3.141
202112 1.710 278.802 2.048
202203 1.950 287.504 2.265
202206 1.820 296.311 2.051
202209 1.870 296.808 2.104
202212 1.750 296.797 1.969
202303 2.430 301.836 2.689
202306 2.140 305.109 2.342
202309 2.060 307.789 2.235
202312 2.240 306.746 2.439
202403 2.350 312.332 2.513
202406 2.420 314.175 2.572
202409 2.500 315.301 2.648
202412 2.400 315.605 2.540
202503 2.620 319.799 2.736
202506 2.810 322.561 2.909
202509 2.490 324.800 2.560
202512 3.240 324.054 3.339
202603 3.180 330.213 3.216
202606 2.880 333.952 2.880

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Frequently Asked Questions Learn more about Shiller PE Ratio →
What does a Shiller PE Ratio of 28.54 mean?
CME Group (CME) has a Shiller PE Ratio of 28.54 as of Sep. 08, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on CME Group and its competitors. This is 12% below median its historical median of 32.54. Over the past decade, CME Group's Shiller PE Ratio has ranged from 23.31 to 44.00. According to the industry distribution chart, CME Group ranks #301 out of 472 companies in the Capital Markets industry, placing it in the top 63.8%.
Is CME Group's Shiller PE Ratio too high?
CME Group's current Shiller PE Ratio of 28.54 is 12% below median its 10-year median of 32.54. Over the past 10 years, this metric has ranged from a low of 23.31 to a high of 44.00. The Capital Markets industry median Shiller PE Ratio is 20.95. CME Group's value of 28.54 is 36.3% above this industry median. Based on the distribution chart, CME Group ranks #301 out of 472 companies in the Capital Markets industry, which is below the industry midpoint. Overall, CME Group has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CME Group's Shiller PE Ratio compare to ICE and MCO?
According to the Capital Markets industry distribution chart, CME Group ranks #301 out of 472 companies for Shiller PE Ratio. This places CME Group in the lower half of its industry. The industry median Shiller PE Ratio is 20.95. CME Group's value of 28.54 is 36.3% above this benchmark. Historically, CME Group's own Shiller PE Ratio has ranged from 23.31 to 44.00 over the past decade. While the company's 10-year median is 32.54 vs. the industry median of 20.95, CME Group 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 Shiller PE Ratio for a Capital Markets company?
The median Shiller PE Ratio among Capital Markets companies is 20.95, based on 472 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CME Group's current Shiller PE Ratio of 28.54 is 36.3% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on CME Group and its competitors. For the Capital Markets industry, the median Shiller PE Ratio is 20.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CME Group's current Shiller PE Ratio is 28.54, which is 12% below median its own 10-year median of 32.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CME Group stock overvalued right now?
Based on GuruFocus' analysis, CME Group (CME) is currently considered Fairly Valued. The stock's GF Value™ is $272.68, compared to a current price of $278.23 — trading 2% above its estimated fair value. The current Shiller PE Ratio is 28.54, which is 12% below median its 10-year median of 32.54 and 36.3% above the Capital Markets industry median of 20.95. CME Group's overall GF Score™ is 83/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For CME Group (CME), the current Shiller PE Ratio is 28.54 as of Sep. 08, 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 CME Group (CME) Overvalued in 2026?

Based on GuruFocus' analysis, CME Group stock appears to be overvalued. The current stock price of $278.23 is trading 2% above its estimated GF Value™ of $272.68. GuruFocus considers CME Group to be Fairly Valued.

Key valuation signals for CME:

  • Shiller PE Ratio: 28.54 (12% below median its 10-year median of 32.54)
  • GF Value™: $272.68 vs. price of $278.23 (2% above fair value)
  • GF Score™: 83/100 with 4 warning signs
  • Industry Position: 36.3% above the Capital Markets median (#301 of 472)

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


CME Group Business Description

Address 20 South Wacker Drive, Chicago, IL, USA, 60606
Based in Chicago, CME Group operates exchanges giving investors, suppliers, and businesses the ability to trade futures and derivatives based on interest rates, equity indexes, foreign currencies, energy, metals, and commodities. The Chicago Mercantile Exchange was founded in 1898 and in 2002 completed its IPO. Since then, CME Group has consolidated parts of the industry by merging with crosstown rival CBOT Holdings in 2007 before acquiring Nymex Holdings in 2008 and NEX in 2018. In addition, the company has a 27% stake in S&P Dow Jones Indexes, making the Chicago Mercantile Exchange the exclusive venue to trade and clear S&P futures contracts. Through CME's acquisition of NEX, it also expanded into cash foreign exchange, fixed-income trading, and collateral optimization.
83GF Score

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

$278.23
Price
$272.68
GF Value