CBOE
9/9 ScoreCboe Global Markets, Inc.
Analysis Date: February 1, 2026
Buffettology Criteria
All 9 of 9 criteria passed
High ROE
Return on Equity > 12%
Value: 21.5%
High ROIC
Return on Invested Capital > 9%
Value: 13.9%
Cash Machine
FCF / Assets > 5%
Fair Valuation
Earnings Yield > 3.5%
Value: 3.5%
Share Buybacks
Share Count is Dropping
Value: -0.7%
Defensible Moat
Gross Profit Margin > 40%
Value: 49.4%
Simple Business
Not in a speculative sector (e.g., Biotech)
Value: Financial Services
Conservative Debt
Debt to Equity < 1.5
Value: 0.33x
Consistent Growth
5-Year Growth is Positive
Value: 116.3%
Analysis Summary
Well now, this CBOE business looks like a promising pasture. The market seems to be valuing their operations at a fair clip, and the returns on invested capital are certainly in the ballpark we like to see. That strong dividend growth and a solid economic moat are like a sturdy fence protecting a valuable herd – something to get interested in.
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