Is CBOE or FDS more undervalued in 2026?

CirclFi compares Cboe Global Markets, Inc. (CBOE) and FactSet Research Systems Inc. (FDS) using 13 institutional-grade valuation models. CBOE has a Quality of Company score of 10.0/10 while FDS scores 10.0/10.

Which is a better buy — CBOE or FDS?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do CBOE and FDS valuations compare?

CBOE at $344.24 and FDS at $238.90 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

CBOE vs FDS Valuation Comparison 2026 — Intrinsic Value Analysis

CBOE

Financial Data & Stock Exchanges

Cboe Global Markets, Inc.

Quality

10.0

out of 10

Value Trap

SAFE

Price

$344.24

Last close

Models

12/13

Active

FDS

Financial Data & Stock Exchanges

FactSet Research Systems Inc.

Quality

10.0

out of 10

Value Trap

SAFE

Price

$238.90

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	CBOE Fair Value	CBOE Upside	FDS Fair Value	FDS Upside
Bayesian DCF	Intrinsic	$220.90	-35.8%	$268.85	+12.5%
Earnings Power Value	Intrinsic	$106.96	-68.9%	$126.76	-46.9%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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CBOE vs FDS — Which Stock Is More Undervalued?

Both CBOE and FDS score 10.0/10 on quality. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Cboe Global Markets, Inc. (CBOE) and FactSet Research Systems Inc. (FDS) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

CBOE currently trades at $344.24 with a QOC of 10.0/10, while FDS trades at $238.90 with a QOC of 10.0/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).