On 12 Nov 2026 our base value for Cboe Global Markets is $336.65 a share, 8.7% below its $368.89 close; 0 of 1 valuation methods put it above the price.
| Method | Value | vs price | Basis |
|---|---|---|---|
| Discounted cash flow | — | — | the free cash flow base is 0.52% of market cap (floor 1%) — the terminal value carries the answer, not the cash flows |
| Exit multiple (P/E) | $336.65 | -8.7% | earnings per share $14.38 valued at 22.45× (the stock's own median P/E) in 5 years, discounted back |
| Sum of the parts | — | — | no sum of the parts: this run holds no segment disclosure for the name |
| Price to sales | — | — | not reached: the cash-flow or earnings methods produced an anchor, so this fallback was not run |
| Tangible book | — | — | used only for lenders, where book value is the business |
| Price to FFO (REITs) | — | — | used only for REITs |
Each working is rebuilt by code from the valuation's own figures and checked against the published value.
Earnings per share grow on the same fading path as the DCF:
| Year | Growth | Earnings per share |
|---|---|---|
| Now | — | $14.38 |
| Year 1 | 14.31% | $16.44 |
| Year 2 | 10.92% | $18.24 |
| Year 3 | 8.54% | $19.80 |
| Year 4 | 6.88% | $21.16 |
| Year 5 | 5.72% | $22.37 |
| Earnings per share in year 5 | $22.37 |
| Exit P/E (the stock's own median P/E) | 22.45× |
| Value in 5 years = earnings × P/E | $502.14 |
| Discounted at 8.32% over 5 years: ÷ 1.4916 | $336.65 |
The base value is the average of the methods kept in it:
| Method | Value |
|---|---|
| Exit multiple (P/E) | $336.65 |
One method is kept, so the base value is its value: $336.65
Base value $336.65 a share
One-year price simulation: a 10% chance the price is below $222.89 and a 10% chance it is above $613.78 in a year; a 50% chance it is higher than today's $368.89, from 39.32% volatility. The simulation assumes the price drifts up at our discount rate of 8.32% a year.
| Week | Price | Base value |
|---|---|---|
| 2 Oct 2026 | $271.26 | $332.49 |
| 9 Oct 2026 | $304.16 | $334.79 |
| 16 Oct 2026 | $314.98 | $304.45 |
| 23 Oct 2026 | $340.42 | $305.77 |
| 30 Oct 2026 | $335.53 | — |
| 6 Nov 2026 | $353.27 | $340.77 |
| 12 Nov 2026 | $368.89 | $336.65 |
Data as of 12 Nov 2026; financials to 30 Sep 2026. Sources: company filings via EODHD, SEC EDGAR, US Treasury. How these values are computed. Not investment advice.
Run a full Desk Run on CBOE · Cboe Global Markets company page · Call and put prices