Cboe Global Markets stock is 83.8% overvalued and trades above fair P/E
Updated
Updated · Simply Wall St · May 10
Cboe Global Markets stock is 83.8% overvalued and trades above fair P/E
8 articles · Updated · Simply Wall St · May 10
At about $348.56 a share, the exchange operator's intrinsic value was estimated at $189.67 using an excess returns model based on four analysts' forecasts.
Its current P/E of 29.7 times is near the peer average of 29.2 but well above Simply Wall St's company-specific fair ratio of 14.6.
The stock has risen 6.6% in seven days, 17.8% in 30 days, 40.5% year to date and 52.1% over one year, reflecting strong investor optimism.
Is CBOE's stock a bubble, or do its growth plans justify a price dwarfing its fundamental value?
Can CBOE's push into 24-hour trading outrun rising competition from decentralized finance?