CBOE · NASDAQ · STOCK
Cboe Global Markets
$286.19
52W $227.15 – $371.18
62/100
$29.99B
22.3
0.41
Is CBOE Bullish or Bearish?
Bullish.
Innellis AI committee rates Cboe Global Markets (CBOE) Buy with a composite score of 62/100
, based on 6 analysts with 50% agreement.
Last updated August 09, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +12.89 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -7.11 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is split. Analysts see this stock differently enough that the current rating reflects genuine uncertainty, not a weak signal.
Bull & Bear Case
Bull Case
- ROE of 25.8% shows genuine earnings power backing the valuation — Value
- EPS growing 50.4% YoY — Growth
- 4 consecutive earnings beats -- consistent execution — Growth
- Price structure making higher highs and higher lows — Technical
- Low leverage (debt-to-equity 0.28) -- balance sheet can absorb a shock — Risk
- Market regime is bullish (Bull market -- normal position sizing) — Macro
Bear Case
- Price-to-book of 5.1x prices in significant intangible value — Value
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- MACD histogram negative -- bearish momentum — Technical
- Bollinger bandwidth of 15.2% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of August 09, 2026
Overall Committee Score
62/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 53%
of 142 Financial Services peers
Value Analyst
neutral
59
/ 100 · High confidence
Fair value -- neither a bargain nor obviously overpriced
+ ROE of 25.8% shows genuine earnings power backing the valuation
− Price-to-book of 5.1x prices in significant intangible value
Growth Analyst
bullish
66
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ EPS growing 50.4% YoY
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
Technical Analyst
neutral
58
/ 100 · High confidence
Mixed or range-bound price action
+ Price structure making higher highs and higher lows
− MACD histogram negative -- bearish momentum
Risk Analyst
neutral
58
/ 100 · Moderate confidence
Moderate risk -- no single red flag, but nothing that clearly de-risks the position either
+ Low leverage (debt-to-equity 0.28) -- balance sheet can absorb a shock
− Bollinger bandwidth of 15.2% signals elevated volatility
Macro Analyst
bullish
70
/ 100 · Moderate confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ Market regime is bullish (Bull market -- normal position sizing)
News Analyst
bullish
62
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
Portfolio Manager
neutral
55
/ 100 · Moderate confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− 4 existing position pair(s) are highly correlated already
Investment Thesis Evolution
Committee score moved marginally from 62.1 to 62.1.
Comparing 2026-08-08 to 2026-08-09 (1 day apart).
Technical Analysis
RSI (14)
47.0
Neutral
MACD Histogram
-0.217
Bearish Momentum
Trend Direction
Uptrend
Weekly: Sideways
Market Structure
Mixed
Support
$272.67
Resistance
$304.86
Bollinger %B
0.49
Inside Bands
Price vs Moving Averages
EMA 9
$290.31
Below
EMA 21
$285.99
Above
EMA 50
$285.85
Above
EMA 200
$278.61
Above
Fundamental Analysis
Valuation
71
Growth
68
Profitability
95
Financial Health
82
Cash Flow
70
Valuation
P/E Ratio
22.3×
P/B Ratio
5.33×
PEG Ratio
0.44
Dividend Yield
1.00%
52W High
$371.18
52W Low
$227.15
Quality & Growth
ROE
2140.8%
ROA
1182.1%
Gross Margin
5229.5%
Operating Margin
3518.3%
Revenue Growth YoY
—
Debt / Equity
0.28
AI Fundamental Assessment
P/E ratio of 22.3 (inexpensive relative to a 15-40x range); Price-to-book of 5.3x; PEG ratio of 0.4 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 21.4%; Return on assets of 11.8%; Net margin of 26.7%; Gross margin of 52.3%; Current ratio of 1.57 (healthy short-term liquidity); Debt-to-equity of 0.28; Free cash flow per share is positive (0.21); Most recent quarter beat estimates by 0.4%; 4 consecutive earnings beats; EPS growth decelerating (+20.9% -> -3.8% QoQ); Average YoY EPS growth of 44.7%; Analyst estimates rising over recent quarters
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