S&P 500 comparison · Financials

Cboe Global Markets vs CME Group

Prices at close . Model readings .

Cboe Global Markets

$320.42−1.31%
Month: negativeLong run: neutral

CME Group

$294.04+0.19%
Month: negativeLong run: neutral
Price change

Price change, with the S&P 500 as a benchmark

Percent change in each close since the start of the chosen range, for both companies and the S&P 500 (SPY). Daily closes over the last year, weekly before that and monthly before five years.

In short

How the two compare

On the latest closes (28 Oct 2026), CME Group is the larger company by market value ($105.45B against $33.61B). Over the past year Cboe Global Markets returned +35.1% and CME Group +12.1%, while the S&P 500 returned +12.7%. The latest filed P/E is 20.9 for Cboe Global Markets and 22.4 for CME Group, and the operating margin 33% against 65.7%. Over the next 21 sessions the model expects −0.42% for Cboe Global Markets, with a 43% chance of a rise, and −0.55% for CME Group, with a 51% chance. Cboe Global Markets' long-run fair value is $302.67, a gap of −5.5% to its price; the long-run model view is neutral. CME Group's long-run fair value is $281.13, a gap of −4.4% to its price; the long-run model view is neutral.

Model view

What the model expects

Expected returns and the chance of a rise from our forecasting models, and the long-run fair value against the price. Readings, not advice.

Model readings:
Expected returnnext 21 sessions
CBOE−0.42%
CME−0.55%
Chance of a risenext 21 sessions
CBOE43%
CME51%
Expected returnnext 63 sessions
CBOE+1.13%
CME−1.76%
Range of outcomes63 sessions, 80% band
CBOE−24.6% to +26.9%
CME−32.1% to +28.6%
Chance of a risenext 63 sessionsMembers only · see plans
Long-run fair valueintrinsic value model
CBOE$302.6728 Oct 2026
CME$281.1328 Oct 2026
Gap to pricefair value against the close
CBOE−5.5%
CME−4.4%
Past readings that matchedsign of the 21-session outcome
CBOE37.5%of 269
CME49.4%of 269
Price performance

How the prices moved

Price change over each period, with the S&P 500 (SPY) for comparison.

Closes to
1 monthS&P 500: +1.1%
CBOE+22.4%
CME+11.7%
6 monthsS&P 500: +8.5%
CBOE+5.1%
CME+2.9%
Year to dateS&P 500: +13.3%
CBOE+28.2%
CME+10.8%
1 yearS&P 500: +12.7%
CBOE+35.1%
CME+12.1%
5 yearsS&P 500: +70.7%
CBOE+167%
CME+68.6%
1 year against the S&P 500percentage points
CBOE+22.4 pts
CME−0.6 pts
Position in the 52-week range0% low, 100% high
CBOE65%close $320.42 in $227.15 to $370.40
CME75%close $294.04 in $218.31 to $319.82
Against the 200-day average
CBOE+9.9%
CME+5.9%
Valuation

What the market pays

Size and the multiples from the latest filed quarter. A P/E on losses reads n/m.

Filings: quarter to (CBOE), (CME)
Market value
CBOE$33.61B28 Oct 2026
CME$105.45B28 Oct 2026
Enterprise valueat the last filing
CBOE$23.97B30 Jun 2026
CME—Not in the latest filing data.
P/Elatest filed
CBOE20.9
CME22.4
Price to book
CBOE4.52
CME3.54
EV / EBITDA
CBOE13.90
CME20.36
Free cash flow yield
CBOE7.51%
CME4.61%
Dividend yield
CBOE1.19%
CME4.35%
Questions

Cboe Global Markets or CME Group: common questions

Which is larger by market value, Cboe Global Markets or CME Group?

CME Group, at $105.45B against $33.61B for Cboe Global Markets, on the latest closes (28 Oct 2026).

Which has the higher P/E ratio, Cboe Global Markets or CME Group?

CME Group has the higher latest filed P/E, 22.4; Cboe Global Markets' is 20.9. Filings: quarter to 30 Jun 2026 and 30 Sep 2026.

How did Cboe Global Markets and CME Group move over the past year against the S&P 500?

Over the past year Cboe Global Markets returned +35.1% and CME Group +12.1%, while the S&P 500 returned +12.7%. Prices at close 28 Oct 2026.

What does the model expect for Cboe Global Markets and CME Group over the next month?

−0.42% for Cboe Global Markets with a 43% chance of a rise, and −0.55% for CME Group with a 51% chance, over the next 21 sessions. Model readings 28 Oct 2026. These are model readings, not advice.

How do the operating margins of Cboe Global Markets and CME Group compare?

The operating margin is 33% for Cboe Global Markets and 65.7% for CME Group, and the gross margin 50.7% against 65.7%. Filings: quarter to 30 Jun 2026 and 30 Sep 2026.

Do Cboe Global Markets and CME Group shares move together?

Over the past year the correlation of their daily returns was 0.60 (often together); 1 means they always move together, 0 unrelated, −1 opposite. Prices at close 28 Oct 2026.

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The two company pagesCboe Global Markets (CBOE) forecast and analysisCME Group (CME) forecast and analysis
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Model readings are research estimates, not investment advice. Prices: daily closes. Fundamentals: the latest SEC filings. Short interest: FINRA, settlement 30 Sep 2026. A dash means the figure is not in our data; it is never shown as zero. The model view follows a published rule: next month by the sign of the expected return, the long run positive at a fair value 10% or more above the price and negative at 10% or more below it.