Question 1

What is CME Group's P/B ratio?

Accepted Answer

CME Group (CME) P/B ratio is 3.5× 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 CME Group?

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 CME Group specifically, the relevant sector benchmark is the current sector median of 1.7×.

Question 5

Is CME Group's P/B ratio high or low?

Accepted Answer

CME Group's P/B ratio of 3.5× is above its own 5-year average of 2.9× and above the sector median of 1.7×. That places the current reading at the 82th 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 CME Group's historical P/B ratio range?

Accepted Answer

In the available daily series, CME Group (CME) P/B ratio has ranged from a low of 0.7× in 2008 to a high of 13.0× in 2006. The 5-year average is 2.9× and the 5-year median is 2.8×.

Question 7

What was CME Group's P/B ratio in 2025?

Accepted Answer

CME Group (CME) P/B ratio at the end of 2025 was 3.4×. 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 CME Group'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	$98.21B	$28.73B	3.4×	+0.3×	Dec 31, 2025
2024	$83.46B	$26.49B	3.2×	+0.3×	Dec 31, 2024
2023	$75.65B	$26.74B	2.8×	+0.6×	Dec 31, 2023
2022	$60.35B	$26.88B	2.2×	-0.7×	Dec 31, 2022
2021	$81.92B	$27.40B	3.0×	+0.5×	Dec 31, 2021
2020	$65.18B	$26.32B	2.5×	-0.3×	Dec 31, 2020
2019	$71.75B	$26.13B	2.7×	+0.2×	Dec 31, 2019
2018	$66.02B	$25.92B	2.5×	+0.3×	Dec 31, 2018
2017	$49.53B	$22.41B	2.2×	+0.3×	Dec 31, 2017
2016	$39.00B	$20.34B	1.9×	+0.4×	Dec 31, 2016
2015	$30.52B	$20.55B	1.5×	+0.1×	Dec 31, 2015
2014	$29.72B	$20.92B	1.4×	+0.2×	Dec 31, 2014
2013	$26.18B	$21.15B	1.2×	+0.5×	Dec 31, 2013
2012	$16.81B	$21.42B	0.8×	+0.0×	Dec 31, 2012
2011	$16.11B	$21.55B	0.7×	-0.3×	Dec 31, 2011
2010	$21.50B	$20.06B	1.1×	-0.1×	Dec 31, 2010
2009	$22.25B	$19.30B	1.2×	+0.5×	Dec 31, 2009
2008	$12.46B	$18.69B	0.7×	-2.0×	Dec 31, 2008
2007	$32.76B	$12.31B	2.7×	-9.0×	Dec 31, 2007
2006	$17.75B	$1.52B	11.7×	+0.4×	Dec 31, 2006
2005	$12.67B	$1.12B	11.3×	+1.8×	Dec 31, 2005
2004	$7.77B	$812.60M	9.6×	+5.3×	Dec 31, 2004
2003	$2.38B	$563.00M	4.2×	+1.0×	Dec 31, 2003
2002	$1.42B	$446.14M	3.2×	—	Dec 31, 2002


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 CME Group (CME)

P/B Ratio daily chart for CME Group (CME)

Historical P/B Ratio for CME Group (CME) from 2002 to 2025

About P/B Ratio at CME Group (CME)

CME Group P/B Ratio by Year

CME Group P/B Ratio 2025: 3.4×

CME Group P/B Ratio 2024: 3.2×

CME Group P/B Ratio 2023: 2.8×

CME Group P/B Ratio 2022: 2.2×

CME Group P/B Ratio 2021: 3.0×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

CME Group (CME) Key Financials

P/B Ratio daily chart for CME Group (CME)

Historical P/B Ratio for CME Group (CME) from 2002 to 2025

About P/B Ratio at CME Group (CME)

CME Group P/B Ratio by Year

CME Group P/B Ratio 2025: 3.4×

CME Group P/B Ratio 2024: 3.2×

CME Group P/B Ratio 2023: 2.8×

CME Group P/B Ratio 2022: 2.2×

CME Group P/B Ratio 2021: 3.0×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is CME Group'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 CME Group?

+Is CME Group's P/B ratio high or low?

+What is CME Group's historical P/B ratio range?

+What was CME Group's P/B ratio in 2025?

+Why does CME Group's P/B ratio change over time?

CME Group (CME) Key Financials