Question 1

What is Cboe Global Markets's P/FCF ratio?

Accepted Answer

Cboe Global Markets (CBOE) P/FCF ratio is 30.3× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Cboe Global Markets?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Cboe Global Markets specifically, the relevant sector benchmark is the current sector median of 12.0×.

Question 5

Is Cboe Global Markets's P/FCF ratio high or low?

Accepted Answer

Cboe Global Markets's P/FCF ratio of 30.3× is above its own 5-year average of 20.8× and above the sector median of 12.0×. That places the current reading at the 96th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Cboe Global Markets's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Cboe Global Markets (CBOE) P/FCF ratio has ranged from a low of 7.1× in 2020 to a high of 135.4× in 2017. The 5-year average is 20.8× and the 5-year median is 21.3×.

Question 7

What was Cboe Global Markets's P/FCF ratio in 2025?

Accepted Answer

Cboe Global Markets (CBOE) P/FCF ratio at the end of 2025 was 22.8×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does Cboe Global Markets's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$26.3B	$1.15B	22.8×	+1.6×	Dec 31, 2025
2024	$20.5B	$964M	21.2×	-4.0×	Dec 31, 2024
2023	$18.9B	$748M	25.3×	+8.8×	Dec 31, 2023
2022	$13.3B	$809M	16.5×	-9.0×	Dec 31, 2022
2021	$13.9B	$546M	25.5×	+18.4×	Dec 31, 2021
2020	$10B	$1.41B	7.1×	-15.1×	Dec 31, 2020
2019	$13.3B	$598M	22.3×	+0.4×	Dec 31, 2019
2018	$10.9B	$498M	21.8×	-19.7×	Dec 31, 2018
2017	$14B	$337M	41.5×	-2.7×	Dec 31, 2017
2016	$7.82B	$177M	44.2×	+10.8×	Dec 31, 2016
2015	$6.87B	$206M	33.4×	+1.8×	Dec 31, 2015
2014	$6.72B	$213M	31.6×	+3.5×	Dec 31, 2014
2013	$5.5B	$196M	28.1×	+9.8×	Dec 31, 2013
2012	$3.12B	$170M	18.3×	+2.6×	Dec 31, 2012
2011	$2.74B	$174M	15.7×	-6.0×	Dec 31, 2011
2010	$2.42B	$111M	21.7×	-24.3×	Dec 31, 2010
2009	$3.44B	$74.8M	46.0×	—	Dec 31, 2009


UMB Financial (UMBF)	8.8×
Federal Agricultural Mortgage (AGM)	8.6×
T. Rowe Price (TROW)	8.6×
First Financial (THFF)	8.3×
Old Republic International (ORI)	8.0×
1st Source (SRCE)	8.0×
Auburn National Bancorporation (AUBN)	7.7×
Eagle Financial Services (EFSI)	7.5×
PayPal (PYPL)	7.5×
Assurant (AIZ)	7.5×
Cincinnati Financial (CINF)	7.1×
Alerus Financial (ALRS)	7.0×
American Financial Group (AFG)	6.8×
Hartford Insurance Group (HIG)	6.5×
Travelers Companies (TRV)	6.3×
Invesco (IVZ)	6.1×
Arch Capital Group (ACGL)	5.9×
Principal Financial Group (PFG)	5.5×
Allstate (ALL)	4.7×
Everest Group (EG)	4.6×
Capital One Financial (COF)	3.9×
Prudential Financial (PRU)	3.5×
Mercury General (MCY)	3.4×
MetLife (MET)	2.8×
StoneX Group (SNEX)	0.8×

P/FCF Ratio for Cboe Global Markets (CBOE) 2009-2026

P/FCF Ratio daily chart for Cboe Global Markets (CBOE)

Historical P/FCF Ratio for Cboe Global Markets (CBOE) from 2009 to 2025

About P/FCF Ratio at Cboe Global Markets (CBOE)

Cboe Global Markets P/FCF Ratio by Year

Cboe Global Markets P/FCF Ratio 2025: 22.8×

Cboe Global Markets P/FCF Ratio 2024: 21.2×

Cboe Global Markets P/FCF Ratio 2023: 25.3×

Cboe Global Markets P/FCF Ratio 2022: 16.5×

Cboe Global Markets P/FCF Ratio 2021: 25.5×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Cboe Global Markets (CBOE) Key Financials