Question 1

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

Accepted Answer

Cboe Global Markets (CBOE) P/B ratio is 5.5× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. 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/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

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

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Cboe Global Markets specifically, the relevant sector benchmark is the current sector median of 1.7×.

Question 5

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

Accepted Answer

Cboe Global Markets's P/B ratio of 5.5× is above its own 5-year average of 4.4× and above the sector median of 1.7×. That places the current reading at the 85th 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/B ratio range?

Accepted Answer

In the available daily series, Cboe Global Markets (CBOE) P/B ratio has ranged from a low of 2.9× in 2020 to a high of 46.0× in 2009. The 5-year average is 4.4× and the 5-year median is 4.4×.

Question 7

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

Accepted Answer

Cboe Global Markets (CBOE) P/B ratio at the end of 2025 was 5.1×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). 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	$26.28B	$5.14B	5.1×	+0.3×	Dec 31, 2025
2024	$20.48B	$4.28B	4.8×	+0.0×	Dec 31, 2024
2023	$18.91B	$3.98B	4.7×	+0.9×	Dec 31, 2023
2022	$13.32B	$3.47B	3.8×	-0.0×	Dec 31, 2022
2021	$13.93B	$3.60B	3.9×	+0.9×	Dec 31, 2021
2020	$10.05B	$3.35B	3.0×	-1.0×	Dec 31, 2020
2019	$13.31B	$3.36B	4.0×	+0.6×	Dec 31, 2019
2018	$10.89B	$3.24B	3.4×	-1.1×	Dec 31, 2018
2017	$13.99B	$3.11B	4.5×	-20.1×	Dec 31, 2017
2016	$7.82B	$317.95M	24.6×	-1.9×	Dec 31, 2016
2015	$6.87B	$259.64M	26.5×	-0.4×	Dec 31, 2015
2014	$6.72B	$250.07M	26.9×	+7.5×	Dec 31, 2014
2013	$5.50B	$284.52M	19.3×	+6.3×	Dec 31, 2013
2012	$3.12B	$239.12M	13.0×	+1.5×	Dec 31, 2012
2011	$2.74B	$236.27M	11.6×	-2.2×	Dec 31, 2011
2010	$2.42B	$175.87M	13.8×	-32.3×	Dec 31, 2010
2009	$3.44B	$74.72M	46.0×	—	Dec 31, 2009


UMB Financial (UMBF)	1.1×
RenaissanceRe Holdings (RNR)	1.1×
KeyCorp (KEY)	1.1×
Southside Bancshares (SBSI)	1.1×
Prudential Financial (PRU)	1.1×
United Bankshares (UBSI)	1.1×
Alerus Financial (ALRS)	1.0×
Capital One Financial (COF)	1.0×
Franklin Resources (BEN)	1.0×
Atlantic Union Bankshares (AUB)	1.0×
American International Group (AIG)	1.0×
Eagle Financial Services (EFSI)	1.0×
Everest Re Group (RE)	1.0×
Citizens Financial Group (CFG)	1.0×
Citigroup (C)	0.9×
Ares Capital (ARCC)	0.9×
Huntington Bancshares (HBAN)	0.9×
Auburn National Bancorporation (AUBN)	0.9×
Invesco (IVZ)	0.9×
Truist Financial (TFC)	0.9×
Everest Re Group (EG)	0.9×
PSB Holdings (PSBQ)	0.8×
Ally Financial (ALLY)	0.8×
Global Payments (GPN)	0.7×
Assured Guaranty (AGO)	0.7×

P/B Ratio for Cboe Global Markets (CBOE)

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

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

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

Cboe Global Markets P/B Ratio by Year

Cboe Global Markets P/B Ratio 2025: 5.1×

Cboe Global Markets P/B Ratio 2024: 4.8×

Cboe Global Markets P/B Ratio 2023: 4.7×

Cboe Global Markets P/B Ratio 2022: 3.8×

Cboe Global Markets P/B Ratio 2021: 3.9×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Cboe Global Markets (CBOE) Key Financials

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

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

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

Cboe Global Markets P/B Ratio by Year

Cboe Global Markets P/B Ratio 2025: 5.1×

Cboe Global Markets P/B Ratio 2024: 4.8×

Cboe Global Markets P/B Ratio 2023: 4.7×

Cboe Global Markets P/B Ratio 2022: 3.8×

Cboe Global Markets P/B Ratio 2021: 3.9×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Cboe Global Markets's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

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

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

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

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

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

Cboe Global Markets (CBOE) Key Financials