Cboe Global Markets, Inc. (CBOE) Fair Value 2026

CBOE · Financial Data & Stock Exchanges ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

9.3 /10

32 fundamental signals · 6 models active

Value Trap Risk

SAFE (12/100)

Quick Summary — As of 2026-08-27, Cboe Global Markets, Inc. (CBOE) trades at $313.95, versus a $245.76 median fair value across its 6 active models — 21.7% below the current price. QOC: 9.3/10. Value Trap Risk: 12/100 (SAFE). 6/13 models active.

Key Facts

Ticker
CBOE
Price
$313.95
Quality Score
9.3/10
Value Trap Risk
12/100
Models Active
6/13
Last Updated
Strength: Quality Score of 9.3/10 indicates strong fundamentals
Risk: Majority of models suggest overvaluation

Is Cboe Global Markets, Inc. (CBOE) Undervalued or Overvalued in 2026?

According to CirclFi’s 6-model valuation engine, Cboe Global Markets, Inc. (CBOE) appears overvalued as of : the median of 6 independent fair value estimates is $245.76, 21.7% below the current price of $313.95. Estimates range from $90.81 to $431.42. CBOE scores 9.3/10 on fundamental quality and 12/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.7% versus its own 13-model consensus, across 3,801 rated companies as of 2026-08-27. CBOE’s -21.7% gap is narrower than that market norm. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy Cboe Global Markets, Inc. Stock in 2026? →

What Fair Value Does Each Model Give CBOE?

6 Intrinsic Value Models vs. Current Price ($313.95)

Core Models (Unlocked)
Model Fair Value Upside
Intrinsic · High Conviction
 $90.81 -71.1%
Ensemble · Medium Conviction
 $237.10 -24.5%
Intrinsic · High Conviction
 $293.36 -6.6%
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What Is CBOE's Fair Value Range?

Spread across 6 independent models · $90.81 to $431.42

CirclFi's 6 active models place Cboe Global Markets, Inc. (CBOE) between $90.81 and $431.42 per share, a spread of 139% of the median. The median of that range — $245.76 — is the fair value CirclFi publishes for CBOE, against a current price of $313.95.

Low · EPVHigh · Regime Cross
$90.81median $245.76$431.42
Where the range comes from
Most bearish modelEarnings Power Value (EPV)$90.81
Most bullish modelRegime Cross-Sectional$431.42
Model agreement1 bullish · 5 bearishwide

A band this wide is itself the finding. When independent methods land far apart, they are reading a business whose value depends heavily on which lens you apply — volatile earnings, heavy reinvestment, or an asset base that cash-flow and asset-based methods score differently. That disagreement is information: it says the choice of method matters more than usual for CBOE. Treat the median as one reading among several and compare the individual models below before acting.

Every figure above is one model's standalone output on CBOE, not a CirclFi price target. How each model works →

What Is Cboe Global Markets, Inc. (CBOE) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, Cboe Global Markets, Inc.'s intrinsic value is estimated at $245.76, suggesting the stock is overvalued at its current price of $313.95. With 5 out of 6 models flagging downside (-21.7% vs price), the market may be pricing in unsustainable growth. Model dispersion is worth noting: Regime Cross targets $431.42 (+37.4%), versus EPV at $90.81 (-71.1%). This +108.5% range highlights the importance of multi-model analysis rather than relying on any single methodology. Among models with highest confidence, EPV lean bearish — adding weight to the bearish side of the thesis.

What Do the Models Say About CBOE?

6 of 13 models are currently active for CBOE. Of these, 1 model suggests upside while 5 models suggest overvaluation. Taken together, their median fair value for CBOE is $245.76 — the figure CirclFi publishes as this stock's fair value. See which stocks rank higher →

How Does CBOE Rank in Financial Data & Stock Exchanges?

Among 17 Financial Data & Stock Exchanges stocks, CBOE ranks #1 by Quality of Company score. CirclFi's QOC score of 9.3/10 evaluates 32 fundamental signals. A score of 9.3 places CBOE in the top tier.

Within the Financial Data & Stock Exchanges space, Cboe Global Markets, Inc. competes in an environment where cost-to-income ratio often separates market leaders from laggards. Understanding these industry-specific dynamics is essential context for interpreting our model outputs.

Is CBOE a Value Trap?

CirclFi's Value Trap algorithm assigns CBOE a score of 12/100 (SAFE). This indicates minimal risk. Fundamentals are healthy. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

6 of 13 models are active for Cboe Global Markets, Inc.. Moderate coverage provides meaningful perspective. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Quality of Company (QOC) framework, which evaluates 32 signals including margin stability, revenue growth trajectory, leverage, and free cash flow generation, Cboe Global Markets, Inc. is rated at 9.3/10. This elite-tier score ranks among the highest-quality businesses in our coverage universe.

The gap between the most bullish and bearish model spans +108.5% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every CBOE valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across CBOE's 6 active models, average confidence is 49%. Lower confidence may reflect limited history or high volatility.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy Cboe Global Markets, Inc. Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Financial Data & Stock Exchanges Stocks Should You Also Analyze?

9 related Financial Data & Stock Exchanges stocks with 13-model coverage

BTOGBit Origin LtdQOC 2.5FDSFactSet Research Systems Inc.QOC 9.0NTRXEntrex Carbon Market, IncQOC 3.7CMECME Group Inc.QOC 8.9DTCXDatacentrex, Inc.QOC 5.0SPGIS&P Global Inc.QOC 8.8MCOMoody's CorporationQOC 8.6NDAQNasdaq, Inc.QOC 8.5VALUValue Line, Inc.QOC 7.8

Read investment analysis: BTOG · FDS · NTRX · CME · DTCX · SPGI · MCO · NDAQ · VALU

Which Other Stocks Have a Similar Quality Score to CBOE?

7 companies across all industries closest to CBOE’s Quality of Company score of 9.3/10.

FSMFortuna Mining Corp.QOC 9.3WSMWilliams-Sonoma, Inc.QOC 9.3ATENA10 Networks, Inc.QOC 9.3ZTSZoetis Inc.QOC 9.3NVONovo Nordisk A/SQOC 9.3ALRMAlarm.com Holdings, Inc.QOC 9.3NVDANVIDIA CorporationQOC 10.0

Read investment analysis: FSM · WSM · ATEN · ZTS · NVO · ALRM · NVDA

What Else Do Investors Ask About Cboe Global Markets, Inc.’s Valuation?

What is Cboe Global Markets, Inc.'s intrinsic value in 2026?

CirclFi puts Cboe Global Markets, Inc. (CBOE)'s intrinsic value at $245.76 — the median of 6 independent model estimates as of 2026-08-27, ranging from $90.81 to $431.42. The Quality of Company score is 9.3/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is CBOE overvalued or undervalued right now?

At $313.95, 1 of 6 active models suggest CBOE may be undervalued, while 5 indicate potential overvaluation. The median of all 6 fair value estimates is $245.76, 21.7% below the current price of $313.95 — a consensus view that CBOE is overvalued. The assessment depends on which methodology best fits Cboe Global Markets, Inc.'s business model in Financial Data & Stock Exchanges.

What does a Quality of Company score of 9.3 mean for CBOE?

Cboe Global Markets, Inc.'s QOC of 9.3/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores above 7 indicate strong fundamentals and disciplined management.

How many valuation models does CirclFi run on CBOE?

CirclFi analyzes CBOE with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 6 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on CBOE?

Of the 6 models currently active on CBOE, Regime Cross-Sectional is the most bullish at $431.42 per share, and Earnings Power Value (EPV) is the most bearish at $90.81. CirclFi's published fair value for CBOE is the median of that range, $245.76, not either extreme. The gap between the two ends equals 139% of the median — a wide spread, meaning the methods genuinely disagree and the median should carry less weight. Browse stocks by value-trap risk →

Is CBOE a value trap in 2026?

Cboe Global Markets, Inc.'s Value Trap score is 12/100 (SAFE). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap.

Cite this analysis — “According to CirclFi’s 6-model valuation engine, Cboe Global Markets, Inc. (CBOE) has a median fair value of $245.76 — 21.7% below the current price of $313.95 — as of 2026-08-27.” Source: circlfi.com/stock/CBOE/ · Methodology
Primary sources for this CBOE valuation
  • Financial statements: Cboe Global Markets, Inc. 10-K and 10-Q filings on SEC EDGAR (CIK 0001374310) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for CBOE as of ; valuations recomputed .

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