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Cboe Global Markets (Cboe Global Markets) Cyclically Adjusted Price-to-FCF : 26.07 (As of May. 20, 2024)


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What is Cboe Global Markets Cyclically Adjusted Price-to-FCF?

As of today (2024-05-20), Cboe Global Markets's current share price is $183.51. Cboe Global Markets's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $7.04. Cboe Global Markets's Cyclically Adjusted Price-to-FCF for today is 26.07.

The historical rank and industry rank for Cboe Global Markets's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

CBOE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18   Med: 25.62   Max: 49.02
Current: 26.05

During the past years, Cboe Global Markets's highest Cyclically Adjusted Price-to-FCF was 49.02. The lowest was 18.00. And the median was 25.62.

CBOE's Cyclically Adjusted Price-to-FCF is ranked worse than
62.66% of 233 companies
in the Capital Markets industry
Industry Median: 19.04 vs CBOE: 26.05

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Cboe Global Markets's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $8.372. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $7.04 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cboe Global Markets Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cboe Global Markets's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cboe Global Markets Cyclically Adjusted Price-to-FCF Chart

Cboe Global Markets Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 41.28 22.68 27.72 23.47 28.75

Cboe Global Markets Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.43 23.69 24.06 28.75 26.08

Competitive Comparison of Cboe Global Markets's Cyclically Adjusted Price-to-FCF

For the Financial Data & Stock Exchanges subindustry, Cboe Global Markets's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cboe Global Markets's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Cboe Global Markets's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Cboe Global Markets's Cyclically Adjusted Price-to-FCF falls into.



Cboe Global Markets Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Cboe Global Markets's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=183.51/7.04
=26.07

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Cboe Global Markets's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Cboe Global Markets's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=8.372/131.7762*131.7762
=8.372

Current CPI (Mar. 2024) = 131.7762.

Cboe Global Markets Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.195 100.560 0.256
201409 0.602 100.428 0.790
201412 0.811 99.070 1.079
201503 0.845 99.621 1.118
201506 0.207 100.684 0.271
201509 0.955 100.392 1.254
201512 0.471 99.792 0.622
201603 1.082 100.470 1.419
201606 0.012 101.688 0.016
201609 0.593 101.861 0.767
201612 0.586 101.863 0.758
201703 -0.273 102.862 -0.350
201706 1.582 103.349 2.017
201709 -0.001 104.136 -0.001
201712 1.635 104.011 2.071
201803 1.386 105.290 1.735
201806 1.607 106.317 1.992
201809 -0.504 106.507 -0.624
201812 1.954 105.998 2.429
201903 1.004 107.251 1.234
201906 1.669 108.070 2.035
201909 0.623 108.329 0.758
201912 2.064 108.420 2.509
202003 1.381 108.902 1.671
202006 2.905 108.767 3.520
202009 6.260 109.815 7.512
202012 2.402 109.897 2.880
202103 5.486 111.754 6.469
202106 1.041 114.631 1.197
202109 5.118 115.734 5.827
202112 -6.551 117.630 -7.339
202203 11.695 121.301 12.705
202206 -6.075 125.017 -6.403
202209 1.495 125.227 1.573
202212 -1.598 125.222 -1.682
202303 9.589 127.348 9.922
202306 -4.815 128.729 -4.929
202309 6.873 129.860 6.974
202312 -1.941 129.419 -1.976
202403 8.372 131.776 8.372

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Cboe Global Markets  (BATS:CBOE) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Cboe Global Markets Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Cboe Global Markets's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Cboe Global Markets (Cboe Global Markets) Business Description

Traded in Other Exchanges
Address
433 West Van Buren Street, Chicago, IL, USA, 60607
Cboe Global Markets, Inc is a provider of market infrastructure and tradable products, delivers cutting-edge trading, clearing and investment solutions to market participants around the world. The Company is committed to operating a trusted, inclusive global marketplace, and to providing leading products, technology and data solutions that enable participants to define a sustainable financial future. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives, FX, and digital assets, across North America, Europe, and Asia Pacific.
Executives
Christopher A Isaacson officer: EVP, CIO 433 WEST VAN BUREN STREET, CHICAGO IL 60607
Catherine R Clay officer: EVP, Data and Access Solutions 433 WEST VAN BUREN STREET, CHICAGO IL 60607
Stephanie Foley officer: EVP, CHRO 433 W. VAN BUREN ST., CHICAGO IL 60607
Adam Inzirillo officer: EVP, DATA AND ACCESS SOLUTIONS 433 W. VAN BUREN ST., CHICAGO IL 60607
Dave Howson officer: President, Europe 433 WEST VAN BUREN STREET, CHICAGO IL 60607
Jill R Goodman director 433 WEST VAN BUREN STREET, CHICAGO IL 60607
Edward T Tilly officer: Executive Vice Chairman 433 W. VAN BUREN STREET, CHICAGO IL 60607
John P Sexton officer: EVP, GC and Corp Sec 433 W. VAN BUREN STREET, CHICAGO IL 60607
Joseph P Ratterman director C/O LABONE, INC., 10101 RENNER BOULEVARD, LENEXA KS 66219
Brian N Schell officer: Executive VP, CFO & Treasurer 433 WEST VAN BUREN STREET, CHICAGO IL 60607
Jill Griebenow officer: SVP, CAO 433 WEST VAN BUREN STREET, CHICAGO IL 60607
Ivan K Fong director 3M CENTER, ST. PAUL MN 55144-1000
Janet P Froetscher director CBOE GLOBAL MARKETS, 433 W. VAN BUREN ST., CHICAGO IL 60607
Michael L Richter director 8050 MARSHALL DRIVE, SUITE 120, LENEXA KS 66214
Eric S Crampton officer: Executive VP, CTO 400 SOUTH LASALLE STREET, CHICAGO IL 60605