Cboe Global Markets, Inc.

LSE:0HQN Stock Report

Market Cap: US$21.6b

Cboe Global Markets Valuation

Is 0HQN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 0HQN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0HQN ($206.13) is trading above our estimate of fair value ($201.27)

Significantly Below Fair Value: 0HQN is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0HQN?

Other financial metrics that can be useful for relative valuation.

0HQN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue5.9x
Enterprise Value/EBITDA17.8x
PEG Ratio4.6x

Price to Earnings Ratio vs Peers

How does 0HQN's PE Ratio compare to its peers?

The above table shows the PE ratio for 0HQN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.4x
LSEG London Stock Exchange Group
78.6x22.8%UK£53.5b
IHP IntegraFin Holdings
22x9.3%UK£1.2b
III 3i Group
8.2x17.9%UK£31.3b
ICG Intermediate Capital Group
12.7x3.9%UK£5.9b
0HQN Cboe Global Markets
28.3x6.2%US$21.6b

Price-To-Earnings vs Peers: 0HQN is good value based on its Price-To-Earnings Ratio (28.3x) compared to the peer average (30.4x).


Price to Earnings Ratio vs Industry

How does 0HQN's PE Ratio compare vs other companies in the GB Capital Markets Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a19.1%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a19.1%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: 0HQN is expensive based on its Price-To-Earnings Ratio (28.3x) compared to the UK Capital Markets industry average (12.8x).


Price to Earnings Ratio vs Fair Ratio

What is 0HQN'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.

0HQN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.3x
Fair PE Ratio20x

Price-To-Earnings vs Fair Ratio: 0HQN is expensive based on its Price-To-Earnings Ratio (28.3x) compared to the estimated Fair Price-To-Earnings Ratio (20x).


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 0HQN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$206.13
US$211.60
+2.7%
6.7%US$239.00US$188.00n/a15
Oct ’25US$209.95
US$203.27
-3.2%
6.0%US$230.00US$185.00n/a15
Sep ’25US$204.60
US$201.15
-1.7%
6.3%US$230.00US$185.00n/a13
Aug ’25US$184.92
US$188.00
+1.7%
5.5%US$203.00US$168.00n/a13
Jul ’25US$171.06
US$194.50
+13.7%
6.4%US$215.00US$166.00n/a14
Jun ’25US$174.86
US$194.29
+11.1%
6.7%US$215.00US$163.00n/a14
May ’25US$180.73
US$193.21
+6.9%
6.7%US$211.00US$163.00n/a14
Apr ’25US$182.44
US$191.36
+4.9%
7.0%US$211.00US$165.00n/a14
Mar ’25US$189.13
US$191.07
+1.0%
7.5%US$211.00US$158.00n/a14
Feb ’25US$184.88
US$186.43
+0.8%
7.3%US$204.00US$158.00n/a14
Jan ’25US$177.89
US$178.36
+0.3%
9.6%US$201.00US$138.00n/a14
Dec ’24US$182.24
US$176.93
-2.9%
8.9%US$201.00US$138.00n/a14
Nov ’24US$166.46
US$166.43
-0.02%
7.1%US$185.00US$138.00n/a14
Oct ’24US$156.80
US$157.85
+0.7%
7.8%US$174.00US$130.00US$209.9513
Sep ’24US$149.06
US$154.58
+3.7%
7.9%US$172.00US$130.00US$204.6012
Aug ’24US$140.07
US$148.42
+6.0%
7.7%US$171.00US$130.00US$184.9212
Jul ’24US$137.35
US$147.75
+7.6%
8.0%US$171.00US$127.00US$171.0612
Jun ’24US$132.16
US$147.64
+11.7%
8.3%US$171.00US$127.00US$174.8611
May ’24US$139.38
US$147.55
+5.9%
8.7%US$175.00US$127.00US$180.7311
Apr ’24US$133.46
US$145.08
+8.7%
8.6%US$175.00US$130.00US$182.4412
Mar ’24US$126.38
US$143.83
+13.8%
9.2%US$175.00US$125.00US$189.1312
Feb ’24US$122.79
US$142.00
+15.6%
8.0%US$168.00US$125.00US$184.8812
Jan ’24US$127.09
US$143.50
+12.9%
8.3%US$168.00US$130.00US$177.8912
Dec ’23US$125.92
US$143.25
+13.8%
8.4%US$168.00US$130.00US$182.2412
Nov ’23US$125.24
US$137.25
+9.6%
8.3%US$162.00US$120.00US$166.4612
Oct ’23US$118.91
US$137.09
+15.3%
7.1%US$153.00US$123.00US$156.8011

Analyst Forecast: Target price is less than 20% higher than the current share price.


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