Using the industry peer median P/E multiple (trailing + forward), Intercontinental Exchange, Inc. (ICE) has a fair value of $174.87 based on 5 comparable companies in the Financial - Data & Stock Exchanges industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| Intercontinental Exchange, Inc.ICE | 89,346 | 27.1x | 20.3x |
| CME Group Inc.CME | 107,954 | 26.9x | 24.9x |
| The Bank of New York Mellon CorporationBK | 81,719 | 15.8x | 16.0x |
| Moody's CorporationMCO | 76,817 | 31.7x | 25.9x |
| Nasdaq, Inc.NDAQ | 48,055 | 27.2x | 21.5x |
| Coinbase Global, Inc.COIN | 46,791 | 39.0x | 50.4x |
| Industry Median | 27.2x | 24.9x | |
| (*) Profit after tax | 3,304 | 4,401 | |
| Equity Value | 89,988 | 109,758 | |
| (/) Outstanding shares | 571 | 571 | |
| Fair Price | $158 | $192 | |
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.