Top line accelerating.
+15.1% YoY versus +8.5% prior. 3y CAGR +6.0%.
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Financial Services · Market Cap: $30.9B
Fundamentals as of 2026-03-31
The Question
All analysis on this page is for educational purposes only and does not constitute financial advice. Fair values are model-based estimates. Always do your own research.
+15.1% YoY versus +8.5% prior. 3y CAGR +6.0%.
+15.1%Net margin 23.3% versus 18.7% prior (+4.7pp). Operating 32.1%.
23.3%P/E 24.1x — 15% below the 5y median of 28.3x. Forward 18.5x hints at EPS expansion next year.
1 of 2 legendary models say BUY CBOE — but Charlie Munger disagrees.
What would legendary investors pay for CBOE?
These figures are not quotes or opinions from Buffett, Graham, Lynch or the other investors. They are our own estimates, computed by applying the intrinsic-value formulas each investor is known for to this company’s financials.
For educational purposes only. Not a recommendation to buy or sell securities.
Yes — Cboe Global Markets, Inc.'s 23.0% ROE ranks above the S&P 500 median, and D/E 1.06 stays within healthy bounds.
Financial story
Yes — Cboe Global Markets, Inc.'s 23.0% ROE shows strong capital efficiency, and its 1.06 debt-to-equity stays within healthy bounds.
Bottom line: CBOE is rated BUY by 1 of 2 legendary models, with 1 holding and 0 flagging it overvalued, but earns a C sector grade (59/100) in Financial Services. Whether the premium is justified depends on which lens you trust. Drill into the valuation breakdown and sector ranking for the full picture.
CBOE's P/E ratio is 29.7x. 5-year P/E history is in the financials tab.
1 of 2 legendary models say BUY. Full breakdown by investor and signal is in the valuation tab.
CBOE's earnings calendar and history are tracked in the financials tab. Specific dates depend on company-published guidance.
CBOE is in the Financial Services sector. Sector ranking and peer comparison are in the sector tab.
1 of 2 legendary investor models rate CBOE a BUY. Fair value estimates and full investor breakdown are in the valuation tab.
Average fair value across qualifying models: $295. See the per-investor fair-value table in the valuation tab.
How does CBOE compare?
See exactly where CBOE ranks
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Sign in to see the rankingCBOE sits at #24 in Financial Services with a C grade (59/100).