Cboe Global Markets (CBOE)
BATSFinancialsFinancial - Data & Stock ExchangesSnapshot 2026-10-29
$335.53+6.77%
Close 2026-10-30 · 1-day change
BATSFinancialsFinancial - Data & Stock ExchangesSnapshot 2026-10-29
Research Workspace
Put CBOE beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Financials is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
The reason to own it still holds.
View ThesisRevenue growth is slowing — up about 14% over the past year and decelerating.
View GrowthRanks in the weakest quality tier of its industry — roughly the bottom 42%, softest on free-cash-flow margins.
View QualityMiddle-of-the-pack management execution.
View ManagementExpectations look high — what the market is pricing in runs ahead of what analysts forecast.
View ValuationThis stock is volatile — it swings about 2% on a typical day and fell roughly 37% in its worst 12-month stretch.
View RiskCBOE’s case rests on a durable trading franchise and organic revenue growth, despite a slowing trajectory. Revenue growth eased from 29% in Q1 to 25% in Q2 and 18% in Q3 2026. Q3 revenue still beat estimates, with non-GAAP EPS also beating consensus. CBOE trades at 23× P/E versus a 12× peer median, near its 23× historical multiple. The market is pricing in more growth than our forecast. A 21% next-quarter miss probability and the Mania market cycle leave room for premium compression. Peer multiples imply a price about 27% below where it trades; our read remains intact, and this read is provisional.
Trailing returns as of 2026-10-30. CBOE is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 20 analysts currently covering CBOE (as of Oct 2026).
Based on 5 Wall Street analysts offering 12-month price targets for CBOE in the last 4 months.
Continue this research
Compare CBOE with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| CBOE Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 9 valuation methods, at three horizons. As of 2026-10-30. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Financial Exchanges & Data — fair value, gap to price, and forward P/E.
Compare the value case
Put CBOE next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Increase organic total net revenue growth to mid to high teens
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-30. EPS is implied from price ÷ P/E. Not investment advice.
Current $335.53
The last 12 months of price, then the range of analyst 12-month targets from today’s $335.53.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Top 10% on quality vs scored peers
A second lens on the 12-month fair value: for companies that score high on measured quality (profitability, balance-sheet safety, earnings stability), this read trusts more of today's profit margins instead of averaging them toward their multi-year history the way the headline number does. Shown alongside the fair value above, not in place of it. A diagnostic, not a price target or a buy/sell signal.
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Quarterly EPS and revenue beat estimates, supporting growth and operating performance.
Advances: Execute strategic realignment to focus on core businesses and growth
Expanding trading hours aligns with strategic realignment for growth.
Advances: Maintain disciplined capital allocation including share repurchases and dividen…
Dividend increase supports disciplined capital allocation strategy.
Threatens: Strategic realignment for core business focus
Repositioning may divert focus from core business strategy.
Advances: Strategic realignment for core business focus
Expanding options hours aligns with strategic realignment goals.
Advances: Strategic realignment for core business focus
New trading options align with strategic realignment goals.
Advances: Strategic realignment for core business focus
Launch aligns with strategic realignment for core business focus.
Threatens: Strategic realignment for core business focus
New ETF rivals threaten Cboe's core business focus.