CBOE vs CM vs CME Stock Comparison

Cboe Global Markets, Canadian Imperial Bank Of Commerce and Cme Prices as of Oct 26, 2026 Peers: Industry group
CME Cme Group Inc.
$308.06 +16.5% 1M +14.3% 1Y
Market cap
$104.98B
P/E
23.8x
Revenue (TTM)
$6.97B
Div. yield
–
Exchanges Financial Services
1 win

Head to Head

12 decided of 12

Canadian Imperial Bank Of Commerce leads on 8 of the 12 questions below (Canadian Imperial Bank Of Commerce 8, Cboe Global Markets 3, Cme 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCBOECMCMELeader
Larger companyMarket capitalisation $33.96B $108.98B $104.98B CM
Cheaper on earningsLower P/E, profitable companies only 25.2x 15.6x 23.8x CM
Cheaper on forward earningsLower price / next fiscal year consensus EPS 25.2x 16.5x 26.2x CM
Faster revenue growthRevenue growth, trailing twelve months +11.7% +15.7% +9.0% CM
More profitableNet margin, trailing twelve months 26.6% 29.9% 63.3% CME
Better return on capitalReturn on invested capital 18.1% 26.3% 11.7% CM
Less leveragedLower net debt / EBITDA -0.5x 1.0x 0.2x CBOE
Higher dividend yieldTrailing dividend yield 0.01% 0.03% 0.00% CM
Better 1-year returnPrice return, last 12 months +40.3% +40.4% +14.3% CM
Better 5-year returnAnnualised price return, 5 years +20.8%/yr +13.8%/yr +7.3%/yr CBOE
Less volatileAnnualised volatility, 1 year 36.0% 21.8% 25.0% CM
Higher overall scoreMean of the five percentile scores vs peers 68/100 52/100 62/100 CBOE

Percentile Scorecard

CBOECMCME

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCBOECMCME
Valuation 53 #46 of 97 26 #267 of 362 42 #57 of 97
Growth 69 #22 of 68 75 #57 of 221 27 #50 of 68
Profitability 97 #3 of 67 89 #22 of 200 92 #6 of 67
Financial Health 82 #18 of 97 11 #180 of 203 55 #44 of 97
Shareholder Returns 41 #24 of 40 59 #142 of 342 92 #4 of 40
Overall 68 52 62
  • CBOE ranked among 112 companies in Capital Markets
  • CM ranked among 370 companies in Banking
  • CME ranked among 112 companies in Capital Markets

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCBOECMCMESPY
1 month +30.0%+1.7%+16.5% -0.8%
3 months +16.0%-2.3%+20.6% +3.5%
6 months +12.3%+4.7%+9.3% +7.0%
Year to date +33.5%+27.5%+12.8% +12.2%
1 year +40.3%+40.4%+14.3% +13.0%
3 years +107.8%+232.7%+47.4% +86.3%
3 years, per year +27.6%+49.3%+13.8% +23.1%
5 years +157.4%+90.4%+41.9% +68.6%
5 years, per year +20.8%+13.8%+7.3% +11.0%
10 years +427.5%+207.1%+199.6% +258.0%
10 years, per year +18.1%+11.9%+11.6% +13.6%

Risk

MeasureCBOECMCMESPY
Volatility, 1Y 36.0%21.8%25.0% 12.7%
Downside volatility, 1Y 39.4%23.0%26.8% 12.7%
Beta vs S&P 500, 1Y -0.420.83-0.36 1.00
Return / volatility, 1Y 1.121.860.57 1.02
Max drawdown, 5Y -36.9%-47.4%-33.1% -25.4%
From 52-week high -8.6%-6.6%-5.6% -1.8%
52-week high $366.70$123.74$326.46 $779.14
52-week low $231.51$82.39$218.58 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCBOECMCME
P/E now vs peer median 26.0xmedian 29.4x 15.5xmedian 12.1x 25.0xmedian 29.4x
P/S now vs peer median 6.9xmedian 2.9x 4.6xmedian 3.4x 15.8xmedian 2.9x
EV/EBITDA now vs peer median 18.2xmedian 13.7x 4.3xmedian 5.0x 22.9xmedian 13.7x
P/FCF now vs peer median 18.7xmedian 16.0x 10.4xmedian 11.0x 25.4xmedian 16.0x
P/B now vs peer median 6.2xmedian 2.3x 2.2xmedian 1.2x 4.1xmedian 2.3x
PEG now vs peer median 0.93median 0.52 0.59median 1.36 1.82median 0.52

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCBOECMCME
Revenue $5.06B $23.35B $6.97B
Gross profit $2.74B – –
Operating income $1.76B – $4.58B
Net income $1.35B $7.33B $4.42B
Free cash flow $1.87B $10.29B $4.33B
EPS (diluted) $12.84 $7.41 $12.31
Cash & equivalents $2.28B $10.94B $2.20B
Total debt $1.44B $45.66B $13.69B
Shares (diluted) 104.90M 940.68M 358.64M
Enterprise value $25.61B $68.06B $93.32B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCBOECMCME
P/E 26.0x 15.5x 25.0x
P/FCF 18.7x 10.4x 25.4x
P/Operating cash flow 17.8x 10.4x 24.9x
P/S 6.9x 4.6x 15.8x
P/B 6.2x 2.2x 4.1x
P/Tangible book 7.9x 2.3x 4.6x
EV/EBITDA 18.2x 4.3x 22.9x
EV/EBIT 19.4x 4.5x 24.3x
EV/Revenue 6.7x 6.1x 15.9x
EV/FCF 18.2x 13.7x 25.7x
EV/Operating cash flow 17.4x 13.7x 25.1x
PEG (3Y EPS CAGR) 0.93 0.59 1.82

Growth

14 metrics
MetricCBOECMCME
Revenue growth (1Y) 11.7% 15.7% 9.0%
Revenue CAGR (3Y) 9.1% 11.1% 9.2%
Gross profit growth (1Y) 23.9% – –
Gross profit CAGR (3Y) 14.2% – –
Operating income growth (1Y) 35.2% – 10.1%
Operating income CAGR (3Y) 21.5% – 12.2%
Net income growth (1Y) 50.2% 25.5% 17.3%
Net income CAGR (3Y) 27.6% 27.5% 13.1%
EPS growth (1Y) 50.5% 24.8% 19.4%
EPS CAGR (3Y) 28.1% 26.4% 13.7%
Operating cash flow growth (1Y) 4,740% -16.2% 6.4%
Operating cash flow CAGR (3Y) 52.5% 15.7% 9.3%
Free cash flow growth (1Y) 1,757% -16.2% 6.1%
Free cash flow CAGR (3Y) 55.8% 15.7% 9.4%

Profitability

14 metrics
MetricCBOECMCME
Gross margin 54.1% – –
EBITDA margin 37.1% 142.0% 69.8%
Operating margin 34.7% – 65.7%
Pretax margin 37.4% 39.0% 82.8%
Net margin 26.6% 29.9% 63.3%
FCF margin 37.0% 44.1% 62.1%
Operating cash flow margin 38.8% 44.1% 63.5%
Return on equity 24.6% 15.3% 16.6%
Return on assets 12.5% 0.9% 2.3%
Return on invested capital 18.1% 26.3% 11.7%
Return on capital employed 24.9% – 12.3%
Asset turnover 0.5x 0.0x 0.0x
Cash conversion (OCF / net income) 1.5x 1.4x 1.0x
Stock comp / revenue 1.1% 0.1% 1.4%

Financial Health

11 metrics
MetricCBOECMCME
Debt / assets 13.6% 5.4% 1.8%
Debt / equity 0.3x 1.0x 0.1x
Net debt / EBITDA -0.5x 1.0x 0.2x
Debt / FCF 0.8x 4.4x 0.8x
Liabilities / assets 47.0% 94.3% 86.2%
Equity / assets 53.0% 5.7% 13.8%
Interest coverage 33.1x 1.4x 26.2x
Current ratio 1.6x – 1.0x
Quick ratio 0.8x – 0.0x
Cash ratio 0.6x – 0.0x
Altman Z-score 6.03 – 0.58

Shareholder Returns

7 metrics
MetricCBOECMCME
Dividend yield 0.9% 3.7% 3.2%
Net buyback yield 0.2% -0.7% –
Shareholder yield 1.1% 3.0% 3.2%
Payout ratio (earnings) 22.4% 42.4% –
Payout ratio (FCF) 16.2% 30.2% –
Dividend growth (1Y) 14.1% 12.8% –
Dividend CAGR (3Y) – 19.6% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCBOECMCME
Forward P/E 25.2xFY2026 16.5xFY2026 26.2xFY2026
EPS, next fiscal year $13.28FY2026 $7.02FY2026 $11.74FY2026
EPS growth, next FY +24.5%FY2026 +14.3%FY2026 +4.8%FY2026
EPS growth, the year after +6.9% +12.4% +19.0%
Revenue, next fiscal year $2.99BFY2026 $25.13BFY2026 $7.27BFY2026
Revenue growth, next FY +23.2%FY2026 +20.9%FY2026 +11.6%FY2026
Revenue growth, the year after +4.9% -5.9% +7.0%
CBOE estimates →CM estimates →CME estimates →

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCBOECMCME
Held by institutions 88.4% 45.6% 88.9%
Institutions holding 985 566 1,691
Change in shares held, QoQ +1.2% 0.0% +0.4%
Institutions buying 523 291 822
Institutions selling 342 172 655
Buyers to sellers 1.53 1.69 1.25
CBOE holders →CM holders →CME holders →

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CBOECMCME
CBOE 1.00 -0.03 0.62
CM -0.03 1.00 0.01
CME 0.62 0.01 1.00

Add a Peer

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Plot all 45 Money Center Banks stocks →

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Frequently Asked Questions

Which is bigger, CBOE, CM and CME?

Canadian Imperial Bank Of Commerce (CM) is the largest by market capitalisation: Cboe Global Markets (CBOE) $33.96B, Canadian Imperial Bank Of Commerce (CM) $108.98B, Cme (CME) $104.98B.

Which stock is cheaper, CBOE, CM and CME?

Canadian Imperial Bank Of Commerce (CM) trades on the lowest price-to-earnings ratio (Cboe Global Markets (CBOE) 25.2x, Canadian Imperial Bank Of Commerce (CM) 15.6x, Cme (CME) 23.8x). On next year's consensus earnings, Canadian Imperial Bank Of Commerce (CM) is cheapest (Cboe Global Markets (CBOE) 25.2x, Canadian Imperial Bank Of Commerce (CM) 16.5x, Cme (CME) 26.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Canadian Imperial Bank Of Commerce (CM) grew revenue fastest over the trailing twelve months: Cboe Global Markets (CBOE) +11.7%, Canadian Imperial Bank Of Commerce (CM) +15.7%, Cme (CME) +9.0%.

Which company is more profitable?

Cme (CME) has the highest net margin (Cboe Global Markets (CBOE) 26.6%, Canadian Imperial Bank Of Commerce (CM) 29.9%, Cme (CME) 63.3%). On return on invested capital, Canadian Imperial Bank Of Commerce (CM) leads (Cboe Global Markets (CBOE) 18.1%, Canadian Imperial Bank Of Commerce (CM) 26.3%, Cme (CME) 11.7%).

Which stock has performed better?

Over the past year Canadian Imperial Bank Of Commerce (CM) returned the most: Cboe Global Markets (CBOE) +40.3%, Canadian Imperial Bank Of Commerce (CM) +40.4%, Cme (CME) +14.3%. Over five years, Cboe Global Markets (CBOE) compounded fastest (Cboe Global Markets (CBOE) +20.8%/yr, Canadian Imperial Bank Of Commerce (CM) +13.8%/yr, Cme (CME) +7.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Canadian Imperial Bank Of Commerce (CM) has the highest dividend yield: Cboe Global Markets (CBOE) 0.01%, Canadian Imperial Bank Of Commerce (CM) 0.03%, Cme (CME) 0.00%. Cme (CME) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Canadian Imperial Bank Of Commerce (CM) has been the steadiest (Cboe Global Markets (CBOE) 36.0%, Canadian Imperial Bank Of Commerce (CM) 21.8%, Cme (CME) 25.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CBOE, CM and CME?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Canadian Imperial Bank Of Commerce (CM) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.