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Cboe Global MarketsCBOE -0.04%92 3-Year Share Buyback Ratio is 0.40 as of Jun. 2026, which is 71% below its 10-year median of 1.40. GuruFocus rates CBOE with a GF Score™ of 92/100 and a GF Value™ of $224.85 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 433 Capital Markets companies, Cboe Global Markets ranks better than 81.52% on this metric.
Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.
3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Cboe Global Markets's current 3-Year Share Buyback Ratio was 0.40%.
The historical rank and industry rank for Cboe Global Markets's 3-Year Share Buyback Ratio or its related term are showing as below:
CBOE'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -10.8 Med: 1.4 Max: 5.2
Current: 0.4
During the past 13 years, Cboe Global Markets's highest 3-Year Share Buyback Ratio was 5.20%. The lowest was -10.80%. And the median was 1.40%.
CBOE's 3-Year Share Buyback Ratio is ranked better than 81.52% of 433
companies
in the Capital Markets industry
Industry Median: -2.9
vs CBOE: 0.40
Cboe Global Markets (BATS:CBOE) 3-Year Share Buyback Ratio Explanation
A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
Be Aware
Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.
Cboe Global Markets 3-Year Share Buyback Ratio Related Terms
CBOE vs MSCI, COIN, TRU: 3-Year Share Buyback Ratio Comparison
For the Financial Data & Stock Exchanges subindustry, Cboe Global Markets's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback 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 3-Year Share Buyback Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Cboe Global Markets's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Cboe Global Markets's 3-Year Share Buyback Ratio falls into.
Cboe Global Markets 3-Year Share Buyback Ratio Calculation
This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
What does a 3-Year Share Buyback Ratio of 0.40 mean?
Cboe Global Markets (CBOE) has a 3-Year Share Buyback Ratio of 0.40 as of Jun. 2026. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Cboe Global Markets and its competitors. This is 71% below median its historical median of 1.40. According to the industry distribution chart, Cboe Global Markets ranks #80 out of 433 companies in the Capital Markets industry, placing it in the top 18.5%.
Is Cboe Global Markets' 3-Year Share Buyback Ratio too high?
Cboe Global Markets' current 3-Year Share Buyback Ratio of 0.40 is 71% below median its 10-year median of 1.40. Based on the distribution chart, Cboe Global Markets ranks #80 out of 433 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 Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cboe Global Markets' 3-Year Share Buyback Ratio compare to MSCI and COIN?
According to the Capital Markets industry distribution chart, Cboe Global Markets ranks #80 out of 433 companies for 3-Year Share Buyback Ratio. This places Cboe Global Markets in the top 19% 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 3-Year Share Buyback Ratio for a Capital Markets company?
A good 3-Year Share Buyback Ratio depends on the Capital Markets industry context. However, 3-Year Share Buyback Ratio 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 3-Year Share Buyback Ratio mean?
A high 3-Year Share Buyback Ratio can signal that a stock is expensive relative to its fundamentals. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Cboe Global Markets and its competitors. Cboe Global Markets's current 3-Year Share Buyback Ratio is 0.40, which is 71% below median its own 10-year median of 1.40. 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 Significantly Overvalued. The stock's GF Value™ is $224.85, compared to a current price of $298.38 — trading 32.7% above its estimated fair value. The current 3-Year Share Buyback Ratio is 0.40, which is 71% below median its 10-year median of 1.40. 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 3-Year Share Buyback Ratio calculated?
3-Year Share Buyback Ratio is calculated from a company's financial statements. For Cboe Global Markets (CBOE), the current 3-Year Share Buyback Ratio is 0.40 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 $298.38 is trading 32.7% above its estimated GF Value™ of $224.85.
GuruFocus considers Cboe Global Markets to be Significantly Overvalued.
Key valuation signals for CBOE:
3-Year Share Buyback Ratio: 0.40 (71% below median its 10-year median of 1.40)
GF Value™: $224.85 vs. price of $298.38 (32.7% above fair value)
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.
92GF Score
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