A Look At Cboe Global Markets (CBOE) Valuation After Record 4Q25 And Full Year 2025 Results

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Cboe Global Markets (CBOE) reported record Q4 and full year 2025 results, driven by strong derivatives revenue and options momentum, pushing its stock to an all-time high. Despite this, the company is considered 6.3% overvalued, trading above its narrative fair value of $282.08. The valuation relies on continued growth in derivatives, data, and global spot markets, as well as the renewal of key S&P index partnerships and successful global expansion.

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