Using the industry peer median P/E multiple (trailing + forward), Cboe Global Markets, Inc. (CBOE) has a fair value of $134.28 based on 3 comparable companies in the Financial - Data & Stock Exchanges industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| Cboe Global Markets, Inc.CBOE | 29,595 | 27.0x | 23.9x |
| U.S. BancorpUSB | 80,210 | 11.2x | 13.4x |
| Cincinnati Financial CorporationCINF | 24,460 | 10.4x | 11.4x |
| Huntington Bancshares IncorporatedHBAN | 22,916 | 11.1x | 12.9x |
| Industry Median | 11.1x | 12.9x | |
| (*) Profit after tax | 1,100 | 1,240 | |
| Equity Value | 12,262 | 15,964 | |
| (/) Outstanding shares | 105 | 105 | |
| Fair Price | $117 | $152 | |
This P/E relative valuation uses the industry peer median Price-to-Earnings ratio to estimate fair value. Both trailing (last 12 months) and forward (next fiscal year analyst estimates) P/E multiples are computed independently.
The industry median trailing P/E is applied to the company's TTM net income, and the forward P/E to analyst-estimated net income. Each produces an equity value divided by shares outstanding to yield a fair price per share. The selected fair value is the average of the trailing and forward legs.