Cboe Global Markets Valuation
Is C67 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of C67 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: C67 (€210.2) is trading below our estimate of fair value (€210.91)
Significantly Below Fair Value: C67 is trading below fair value, but not by a significant amount.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for C67?
Key metric: As C67 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is C67's PE Ratio? | |
|---|---|
| PE Ratio | 29.3x |
| Earnings | US$776.20m |
| Market Cap | US$22.75b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 6x |
| Enterprise Value/EBITDA | 18.3x |
| PEG Ratio | 4.4x |
Price to Earnings Ratio vs Peers
How does C67's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 43.8x | ||
DB1 Deutsche Börse | 21.7x | 5.4% | €40.1b |
DBK Deutsche Bank | 7.7x | 13.4% | €30.0b |
DWS DWS Group GmbH KGaA | 13x | 12.7% | €7.8b |
300033 Hithink RoyalFlush Information Network | 132.8x | 17.3% | CN¥170.4b |
C67 Cboe Global Markets | 29.3x | 6.7% | €22.7b |
Price-To-Earnings vs Peers: C67 is good value based on its Price-To-Earnings Ratio (29.3x) compared to the peer average (43.8x).
Price to Earnings Ratio vs Industry
How does C67's PE Ratio compare vs other companies in the DE Capital Markets Industry?
| 4 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
AR4 AURELIUS Equity Opportunities SE KGaA | 3.9x | n/a | US$411.59m |
HXCK Ernst Russ | 3.7x | -18.2% | US$208.06m |
VG8 Varengold Bank | 1.9x | n/a | US$25.70m |
XE8 Black Sea Property | 0.7x | n/a | US$7.79m |
| 4 Companies | Estimated Growth | Market Cap |
|---|
Price-To-Earnings vs Industry: C67 is expensive based on its Price-To-Earnings Ratio (29.3x) compared to the German Capital Markets industry average (20.3x).
Price to Earnings Ratio vs Fair Ratio
What is C67'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 29.3x |
| Fair PE Ratio | 17.9x |
Price-To-Earnings vs Fair Ratio: C67 is expensive based on its Price-To-Earnings Ratio (29.3x) compared to the estimated Fair Price-To-Earnings Ratio (17.9x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | €210.20 | €203.43 -3.2% | 5.4% | €219.38 | €179.66 | n/a | 15 |
| Nov ’25 | €194.90 | €196.86 +1.0% | 5.6% | €212.24 | €175.33 | n/a | 15 |
| Oct ’25 | €181.95 | €182.55 +0.3% | 6.0% | €206.56 | €166.15 | n/a | 15 |
| Sep ’25 | €186.65 | €183.29 -1.8% | 6.3% | €209.58 | €168.57 | n/a | 13 |
| Aug ’25 | €169.45 | €173.15 +2.2% | 5.5% | €186.96 | €154.73 | n/a | 13 |
| Jul ’25 | €158.70 | €178.61 +12.5% | 6.4% | €197.43 | €152.44 | n/a | 14 |
| Jun ’25 | €160.85 | €178.88 +11.2% | 6.7% | €197.95 | €150.07 | n/a | 14 |
| May ’25 | €168.05 | €181.37 +7.9% | 6.7% | €198.07 | €153.01 | n/a | 14 |
| Apr ’25 | €166.00 | €178.15 +7.3% | 7.0% | €196.44 | €153.62 | n/a | 14 |
| Mar ’25 | €178.00 | €177.33 -0.4% | 7.5% | €195.83 | €146.64 | n/a | 14 |
| Feb ’25 | €170.00 | €171.31 +0.8% | 7.3% | €187.46 | €145.19 | n/a | 14 |
| Jan ’25 | €160.00 | €163.38 +2.1% | 9.6% | €184.12 | €126.41 | n/a | 14 |
| Dec ’24 | €166.00 | €161.06 -3.0% | 8.9% | €182.97 | €125.62 | n/a | 14 |
| Nov ’24 | €154.00 | €157.49 +2.3% | 7.1% | €175.07 | €130.59 | €194.90 | 14 |
| Oct ’24 | €148.00 | €149.31 +0.9% | 7.8% | €164.59 | €122.97 | €181.95 | 13 |
| Sep ’24 | €137.00 | €142.17 +3.8% | 7.9% | €158.19 | €119.56 | €186.65 | 12 |
| Aug ’24 | €126.00 | €134.29 +6.6% | 7.7% | €154.72 | €117.62 | €169.45 | 12 |
| Jul ’24 | €125.00 | €135.37 +8.3% | 8.0% | €156.67 | €116.36 | €158.70 | 12 |
| Jun ’24 | €123.00 | €137.07 +11.4% | 8.3% | €158.76 | €117.91 | €160.85 | 11 |
| May ’24 | €125.00 | €134.50 +7.6% | 8.7% | €159.53 | €115.77 | €168.05 | 11 |
| Apr ’24 | €121.00 | €133.75 +10.5% | 8.6% | €161.33 | €119.85 | €166.00 | 12 |
| Mar ’24 | €119.00 | €134.50 +13.0% | 9.2% | €163.64 | €116.89 | €178.00 | 12 |
| Feb ’24 | €113.00 | €130.68 +15.6% | 8.0% | €154.61 | €115.04 | €170.00 | 12 |
| Jan ’24 | €119.00 | €135.29 +13.7% | 8.3% | €158.39 | €122.56 | €160.00 | 12 |
| Dec ’23 | €121.00 | €139.02 +14.9% | 8.4% | €163.04 | €126.17 | €166.00 | 12 |
| Nov ’23 | €125.00 | €140.37 +12.3% | 8.3% | €165.68 | €122.72 | €154.00 | 12 |
Analyst Forecast: Target price is lower than the current share price.
Discover undervalued companies
Galaxy Digital Holdings
CA$7.9b
Engages in the digital asset and blockchain businesses.
7LX
CA$16.30
7D
1.9%
1Y
189.8%
ORIX
JP¥3.8t
Provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East.
OIX
JP¥20.40
7D
0%
1Y
22.9%
Yeahka
HK$4.2b
An investment holding company, provides payment and business services to merchants and consumers in the People’s Republic of China.
4YE
HK$1.18
7D
-6.3%
1Y
-27.2%