CBOE vs ICE vs JLL Stock Comparison

Cboe Global Markets, Intercontinental Exchange and Jones Lang Lasalle Prices as of Oct 23, 2026 Peers: Industry group
JLL Jones Lang Lasalle Inc
$300.19 -7.3% 1M -5.1% 1Y
Market cap
$13.88B
P/E
13.9x
Revenue (TTM)
$27.43B
Div. yield
–
Commercial Real Estate Services Real Estate
3 wins

Head to Head

12 decided of 12

Cboe Global Markets leads on 5 of the 12 questions below (Cboe Global Markets 5, Intercontinental Exchange 4, Jones Lang Lasalle 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCBOEICEJLLLeader
Larger companyMarket capitalisation $35.02B $90.16B $13.88B ICE
Cheaper on earningsLower P/E, profitable companies only 26.0x 22.3x 13.9x JLL
Cheaper on forward earningsLower price / next fiscal year consensus EPS 25.6x 18.7x 12.5x JLL
Faster revenue growthRevenue growth, trailing twelve months +11.7% +6.9% +11.2% CBOE
More profitableNet margin, trailing twelve months 26.6% 30.1% 3.6% ICE
Better return on capitalReturn on invested capital 18.1% 8.5% 10.6% CBOE
Less leveragedLower net debt / EBITDA -0.5x 2.6x 0.9x CBOE
Higher dividend yieldTrailing dividend yield 0.01% 0.01% 0.00% ICE
Better 1-year returnPrice return, last 12 months +43.5% +3.3% -5.1% CBOE
Better 5-year returnAnnualised price return, 5 years +21.4%/yr +4.3%/yr +2.7%/yr CBOE
Less volatileAnnualised volatility, 1 year 35.9% 25.6% 36.0% ICE
Higher overall scoreMean of the five percentile scores vs peers 70/100 57/100 70/100 JLL

Percentile Scorecard

CBOEICEJLL

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

AxisCBOEICEJLL
Valuation 55 #44 of 97 64 #36 of 97 94 #2 of 18
Growth 72 #20 of 69 53 #33 of 69 87 #3 of 16
Profitability 96 #4 of 70 84 #12 of 70 87 #3 of 16
Financial Health 81 #20 of 101 37 #64 of 101 56 #8 of 17
Shareholder Returns 46 #22 of 40 49 #21 of 40 29 #6 of 8
Overall 70 57 70
  • CBOE ranked among 112 companies in Capital Markets
  • ICE ranked among 112 companies in Capital Markets
  • JLL ranked among 19 companies in Real Estate Services

Price Performance

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

Returns

PeriodCBOEICEJLLSPY
1 month +26.3%+4.0%-7.3% -1.0%
3 months +19.1%+11.6%-7.7% +2.9%
6 months +12.1%+2.7%-11.3% +6.4%
Year to date +35.6%+0.4%-10.8% +11.4%
1 year +43.5%+3.3%-5.1% +13.1%
3 years +109.8%+52.1%+140.1% +79.4%
3 years, per year +28.0%+15.0%+33.9% +21.5%
5 years +163.2%+23.6%+14.1% +67.7%
5 years, per year +21.4%+4.3%+2.7% +10.9%
10 years +432.6%+205.4%+194.1% +255.2%
10 years, per year +18.2%+11.8%+11.4% +13.5%

Risk

MeasureCBOEICEJLLSPY
Volatility, 1Y 35.9%25.6%36.0% 12.7%
Downside volatility, 1Y 39.3%27.3%37.8% 12.7%
Beta vs S&P 500, 1Y -0.400.180.95 1.00
Return / volatility, 1Y 1.210.13-0.14 1.03
Max drawdown, 5Y -36.9%-35.1%-55.5% -25.4%
From 52-week high -7.2%-7.1%-23.6% -2.5%
52-week high $366.70$175.10$392.79 $779.14
52-week low $231.51$122.91$280.16 $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.

MultipleCBOEICEJLL
P/E now vs peer median 26.5xmedian 29.4x 22.7xmedian 29.4x 13.9xmedian 20.5x
P/S now vs peer median 7.0xmedian 2.8x 6.8xmedian 2.8x 0.5xmedian 0.7x
EV/EBITDA now vs peer median 18.5xmedian 12.8x 15.6xmedian 12.8x 9.4xmedian 9.9x
P/FCF now vs peer median 19.0xmedian 15.9x 18.0xmedian 15.9x 12.3xmedian 12.3x
P/B now vs peer median 6.3xmedian 2.5x 3.1xmedian 2.5x 1.8xmedian 1.8x
PEG now vs peer median 0.94median 0.51 0.68median 0.51 0.28median 0.50

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 monthsCBOEICEJLL
Revenue $5.06B $13.43B $27.43B
Gross profit $2.74B – –
Operating income $1.76B $5.47B $1.28B
Net income $1.35B $4.10B $997.90M
Free cash flow $1.87B $5.08B $1.12B
EPS (diluted) $12.84 $7.13 $21.29
Cash & equivalents $2.28B $1.07B $458.20M
Total debt $1.44B $78.89B $8.26B
Shares (diluted) 104.90M 566.00M 46.93M
Enterprise value $26.68B $83.90B $11.96B

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
MetricCBOEICEJLL
P/E 26.5x 22.7x 13.9x
P/FCF 19.0x 18.0x 12.3x
P/Operating cash flow 18.1x 16.6x 10.1x
P/S 7.0x 6.8x 0.5x
P/B 6.3x 3.1x 1.8x
P/Tangible book 8.0x 6.2x 2.0x
EV/EBITDA 18.5x 15.6x 9.4x
EV/EBIT 19.7x 20.0x 12.0x
EV/Revenue 6.8x 8.1x 0.6x
EV/FCF 18.5x 21.5x 13.6x
EV/Operating cash flow 17.7x 19.8x 11.2x
PEG (3Y EPS CAGR) 0.94 0.68 0.28

Growth

14 metrics
MetricCBOEICEJLL
Revenue growth (1Y) 11.7% 6.9% 11.2%
Revenue CAGR (3Y) 9.1% 11.9% 10.1%
Gross profit growth (1Y) 23.9% – –
Gross profit CAGR (3Y) 14.2% – –
Operating income growth (1Y) 35.2% 16.4% 38.9%
Operating income CAGR (3Y) 21.5% 13.9% 26.9%
Net income growth (1Y) 50.2% 34.1% 76.7%
Net income CAGR (3Y) 27.6% 33.1% 47.6%
EPS growth (1Y) 50.5% 36.6% 82.5%
EPS CAGR (3Y) 28.1% 33.3% 49.4%
Operating cash flow growth (1Y) 4,740% 13.1% 80.6%
Operating cash flow CAGR (3Y) 52.5% 14.9% 73.7%
Free cash flow growth (1Y) 1,757% 13.9% 99.7%
Free cash flow CAGR (3Y) 55.8% 14.1% 176.7%

Profitability

14 metrics
MetricCBOEICEJLL
Gross margin 54.1% – –
EBITDA margin 37.1% 52.3% 5.9%
Operating margin 34.7% 40.7% 4.7%
Pretax margin 37.4% 39.7% 4.5%
Net margin 26.6% 30.1% 3.6%
FCF margin 37.0% 37.8% 4.1%
Operating cash flow margin 38.8% 41.1% 5.0%
Return on equity 24.6% 13.9% 13.3%
Return on assets 12.5% 2.3% 5.6%
Return on invested capital 18.1% 8.5% 10.6%
Return on capital employed 24.9% 9.7% 11.9%
Asset turnover 0.5x 0.1x 1.6x
Cash conversion (OCF / net income) 1.5x 1.3x 1.4x
Stock comp / revenue 1.1% 2.0% –

Financial Health

11 metrics
MetricCBOEICEJLL
Debt / assets 13.6% 11.4% 11.0%
Debt / equity 0.3x 0.7x 0.3x
Net debt / EBITDA -0.5x 2.6x 0.9x
Debt / FCF 0.8x 3.9x 1.7x
Liabilities / assets 47.0% 83.0% 56.5%
Equity / assets 53.0% 17.0% 43.5%
Interest coverage 33.1x 6.8x –
Current ratio 1.6x 1.0x 1.1x
Quick ratio 0.8x 0.0x 0.4x
Cash ratio 0.6x 0.0x 0.1x
Altman Z-score 6.10 0.75 3.31

Shareholder Returns

7 metrics
MetricCBOEICEJLL
Dividend yield 0.9% 1.3% –
Net buyback yield 0.2% 2.2% 4.1%
Shareholder yield 1.1% 3.4% 4.1%
Payout ratio (earnings) 22.4% 27.8% –
Payout ratio (FCF) 16.2% 22.5% –
Dividend growth (1Y) 14.1% 6.1% –
Dividend CAGR (3Y) – 8.3% –

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.

ConsensusCBOEICEJLL
Forward P/E 25.6xFY2026 18.7xFY2026 12.5xFY2026
EPS, next fiscal year $13.28FY2026 $8.68FY2026 $24.04FY2026
EPS growth, next FY +24.5%FY2026 +24.9%FY2026 +27.9%FY2026
EPS growth, the year after +6.8% -3.0% +10.9%
Revenue, next fiscal year $2.99BFY2026 $10.53BFY2026 $30.90BFY2026
Revenue growth, next FY +23.2%FY2026 +6.0%FY2026 +18.3%FY2026
Revenue growth, the year after +4.9% +16.1% +3.5%
CBOE estimates →ICE estimates →JLL estimates →

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCBOEICEJLL
Held by institutions 88.4% 92.5% 93.2%
Institutions holding 985 1,651 661
Change in shares held, QoQ +1.2% +1.4% +0.2%
Institutions buying 523 734 317
Institutions selling 342 694 264
Buyers to sellers 1.53 1.06 1.20
CBOE holders →ICE holders →JLL 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.

CBOEICEJLL
CBOE 1.00 0.32 -0.02
ICE 0.32 1.00 0.47
JLL -0.02 0.47 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, CBOE, ICE and JLL?

Intercontinental Exchange (ICE) is the largest by market capitalisation: Cboe Global Markets (CBOE) $35.02B, Intercontinental Exchange (ICE) $90.16B, Jones Lang Lasalle (JLL) $13.88B.

Which stock is cheaper, CBOE, ICE and JLL?

Jones Lang Lasalle (JLL) trades on the lowest price-to-earnings ratio (Cboe Global Markets (CBOE) 26.0x, Intercontinental Exchange (ICE) 22.3x, Jones Lang Lasalle (JLL) 13.9x). On next year's consensus earnings, Jones Lang Lasalle (JLL) is cheapest (Cboe Global Markets (CBOE) 25.6x, Intercontinental Exchange (ICE) 18.7x, Jones Lang Lasalle (JLL) 12.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Cboe Global Markets (CBOE) grew revenue fastest over the trailing twelve months: Cboe Global Markets (CBOE) +11.7%, Intercontinental Exchange (ICE) +6.9%, Jones Lang Lasalle (JLL) +11.2%.

Which company is more profitable?

Intercontinental Exchange (ICE) has the highest net margin (Cboe Global Markets (CBOE) 26.6%, Intercontinental Exchange (ICE) 30.1%, Jones Lang Lasalle (JLL) 3.6%). On return on invested capital, Cboe Global Markets (CBOE) leads (Cboe Global Markets (CBOE) 18.1%, Intercontinental Exchange (ICE) 8.5%, Jones Lang Lasalle (JLL) 10.6%).

Which stock has performed better?

Over the past year Cboe Global Markets (CBOE) returned the most: Cboe Global Markets (CBOE) +43.5%, Intercontinental Exchange (ICE) +3.3%, Jones Lang Lasalle (JLL) -5.1%. Over five years, Cboe Global Markets (CBOE) compounded fastest (Cboe Global Markets (CBOE) +21.4%/yr, Intercontinental Exchange (ICE) +4.3%/yr, Jones Lang Lasalle (JLL) +2.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Intercontinental Exchange (ICE) has the highest dividend yield: Cboe Global Markets (CBOE) 0.01%, Intercontinental Exchange (ICE) 0.01%, Jones Lang Lasalle (JLL) 0.00%. Jones Lang Lasalle (JLL) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Intercontinental Exchange (ICE) has been the steadiest (Cboe Global Markets (CBOE) 35.9%, Intercontinental Exchange (ICE) 25.6%, Jones Lang Lasalle (JLL) 36.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CBOE, ICE and JLL?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Cboe Global Markets (CBOE) leads on 5. 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.