CME Group Inc.

XTRA:MX4A Stock Report

Market Cap: €74.0b

CME Group Valuation

Is MX4A undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of MX4A when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: MX4A (€211) is trading below our estimate of future cash flow value (€258.67)

Significantly Below Future Cash Flow Value: MX4A is trading below future cash flow value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MX4A?

Key metric: As MX4A is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MX4A. This is calculated by dividing MX4A's market cap by their current earnings.
What is MX4A's PE Ratio?
PE Ratio19.8x
EarningsUS$4.24b
Market CapUS$83.95b

Price to Earnings Ratio vs Peers

How does MX4A's PE Ratio compare to its peers?

The above table shows the PE ratio for MX4A vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.8x
DB1 Deutsche Börse
21.7x6.74%€44.5b
DBK Deutsche Bank
9.5x7.39%€56.6b
DWS DWS Group GmbH KGaA
12.7x5.56%€12.6b
MCO Moody's
31.5x9.31%US$77.6b
MX4A CME Group
19.8x5.29%€87.8b

Price-To-Earnings vs Peers: MX4A is expensive based on its Price-To-Earnings Ratio (19.8x) compared to the peer average (18.8x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does MX4A's PE Ratio compare vs other companies in the DE Capital Markets Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BBHK Deutsche Balaton
3.1xn/aUS$339.16m
ECS0 Eight Capital Partners
0.8xn/aUS$22.20m
XE8 Black Sea Property
1.5xn/aUS$1.39m
No more companies available in this PE range
MX4A 19.8xIndustry Avg. 14.7xNo. of Companies9PE01632486480+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MX4A is expensive based on its Price-To-Earnings Ratio (19.8x) compared to the German Capital Markets industry average (14.7x).

Price to Earnings Ratio vs Fair Ratio

What is MX4A's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MX4A PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.8x
Fair PE Ratio22.1x

Price-To-Earnings vs Fair Ratio: MX4A is good value based on its Price-To-Earnings Ratio (19.8x) compared to the estimated Fair Price-To-Earnings Ratio (22.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MX4A forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€202.00
€266.44
+31.90%
10.40%€310.82€202.52n/a15
Jun ’27€229.00
€263.59
+15.11%
10.05%€303.62€197.82n/a15
May ’27n/a
€261.56
0%
10.07%€301.14€196.21n/a15
Apr ’27€254.80
€266.66
+4.65%
11.56%€309.36€201.61n/a14
Mar ’27€268.40
€253.17
-5.68%
10.09%€287.61€196.25n/a14
Feb ’27€241.75
€244.29
+1.05%
8.83%€268.98€193.09n/a14
Jan ’27€230.00
€244.15
+6.15%
10.05%€272.16€177.75n/a15
Dec ’26€241.50
€245.69
+1.73%
10.19%€271.58€173.84n/a15
Nov ’26€229.90
€243.88
+6.08%
9.06%€269.38€172.44n/a18
Oct ’26€227.20
€241.93
+6.48%
9.13%€266.74€173.85n/a18
Sep ’26n/a
€242.41
0%
8.78%€267.90€181.45n/a18
Aug ’26n/a
€239.33
0%
9.15%€266.11€180.24n/a18
Jul ’26n/a
€231.31
0%
9.38%€258.70€178.97n/a17
Jun ’26n/a
€243.17
0%
9.40%€273.55€189.25€229.0017
May ’26n/a
€239.45
0%
9.55%€270.14€186.88n/a17
Apr ’26n/a
€235.36
0%
9.04%€264.92€182.70€254.8017
Mar ’26n/a
€242.45
0%
8.84%€276.14€190.44€268.4016
Feb ’26n/a
€233.53
0%
8.85%€264.08€182.46€241.7516
Jan ’26n/a
€232.29
0%
8.72%€263.56€184.01€230.0016
Dec ’25n/a
€223.37
0%
8.98%€260.29€171.32€241.5016
Nov ’25n/a
€217.55
0%
9.30%€254.24€167.33€229.9016
Oct ’25n/a
€195.79
0%
8.85%€224.53€158.96€227.2016
Sep ’25n/a
€195.91
0%
8.01%€224.15€171.25n/a14
Aug ’25n/a
€200.78
0%
8.31%€230.25€175.91n/a14
Jul ’25n/a
€208.42
0%
9.52%€232.83€174.15n/a15
Jun ’25n/a
€209.71
0%
8.12%€232.05€173.57n/a15
€263.83
Fair Value
23.4% undervalued intrinsic discount
15
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/25 17:48
End of Day Share Price 2026/06/25 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

CME Group Inc. is covered by 32 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Stephen BiggarArgus Research Company
Benjamin BudishBarclays
Roger FreemanBarclays