CBOE Stock Analysis — Cboe Global Markets
Sector: Financials
AI Verdict
Cboe is expensive for the near-zero growth expected—you're paying up for its exchange moat, but the numbers don't yet support this premium.
Competitive Moat
Cboe operates critical financial market infrastructure, running major options and volatility exchanges with entrenched network effects. Its proprietary products like the VIX index and exclusive market data create high switching costs for institutional clients.
Summary
Cboe's RSI of 13.5 signals extreme oversold territory despite a 25.93% 1-year return.
Where It Stands
Cboe trades at 23.9x next year's earnings, just above the financial sector median of 14x, with a 0.2% forward EPS growth forecast and an RSI of 13.5 indicating a technical washout.
Key Metrics
- RSI: 13.5 — Oversold
- Trailing P/E: 23.9x
- Forward P/E: 23.9x
- PEG Ratio: 31.66
- Earnings Growth: +0.0%
- Revenue Growth: +0.1%
- Market Cap: $29.3B
- Dividend Yield: 0.01%
- 1-Year Return: 25.93%
- 5-Year Return: 146%
- 52-Week High: $371.18
- 52-Week Low: $218.14
Analyst Consensus
9 Buy · 12 Hold · 3 Sell (24 analysts)
Bull Case
The stock's 146% five-year return outpaces most financial peers, suggesting the market values its exchange moat even at a 23.9x forward P/E.
Bear Case
With forward EPS growth at just 0.2% and a P/E of 23.9x, any market rerating to the sector median would mean a 40%+ drop from current valuation levels.
Catalyst to Watch
Watch for quarterly earnings or regulatory updates that could materially shift forward EPS growth from the current flat outlook.