Cboe Global Markets, Inc. ranks near the peer group median, with stability as the main structural strength, while profitability is less supportive than the other dimensions. That creates a tension: current price behavior looks stronger than the structural profile would suggest.
Peer-relative scores, weakest to strongest
Cboe Global Markets operates global exchange and trading platforms, specializing in derivatives and equities. The company plays a central role in the evolution of modern derivatives trading.
Cboe is traded as a growth engine in derivatives trading. The market assigns a premium valuation—P/E ratio of 32.5—because Cboe’s above-average growth, driven by 0DTE options and AI-powered innovation, reflects new trading dynamics. With an operating margin of 47.1%, Cboe demonstrates efficiency at the sharper end of the industry, and the market consistently incorporates this strength into its premium pricing. This growth narrative is rewarded with a high valuation, but the market reacts swiftly to any signs of slowing derivatives expansion or weaker volumes—quickly adjusting the valuation downward. A break in derivatives growth or disappointing volumes could quickly normalize the valuation level.
Break down CBOE's position across all dimensions with the full interactive tool.
This analysis is rule-based and descriptive. Peer-relative scores are derived from functional peer group comparisons using publicly available financial data. Scores reflect structural positioning only and do not constitute investment advice, a buy or sell recommendation, or a forecast of future performance. AssetNext peer scores are recalculated periodically as new data becomes available.
AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.
Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.
Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.
Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.