Cme Group Inc. (CME)

Security & Commodity Brokers, Dealers, Exchanges & Services

Latest Price

$261.98

TTM P/E

22.22

Normalized P/E

27.75

Div Yield

3.82%

Book Value

73.53

P/B Ratio

3.56

Valuation metrics

EPS: $11.16

Book value / share: $79.73

Formula: √(22.5 × EPS × BVPS)

Graham Number

$141.49

46% downside

Norm. op. income: $3.0B (median of 7yr)

Tax rate: 22%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$77.59

70% downside

Base FCF: $3.4B (median of recent 5yr)

Growth: 10%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$247.27

6% downside

EPS: $11.16

Target P/E: 28×

Formula: EPS × P/E

P/E Fair Value

$312.48

+19% upside

87.7% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	30.57M	$6.75B	8.49%	-881.9K	2026-06-30
Vanguard Capital Management LLC	23.66M	$5.22B	6.57%	+294.6K	2026-06-30
State Street Corp	16.35M	$3.61B	4.54%	+290.9K	2026-06-30
Morgan Stanley	9.73M	$2.15B	2.70%	+321.4K	2026-06-30
Geode Capital Management, LLC	9.27M	$2.05B	2.58%	+124.4K	2026-06-30
Vanguard Portfolio Management LLC	9.17M	$2.02B	2.55%	+138.2K	2026-06-30
Capital World Investors	6.82M	$1.51B	1.90%	-114.2K	2026-06-30
JPMorgan Chase & Co	5.77M	$1.26B	1.60%	-5.33M	2026-06-30
Sanders Capital, LLC	5.07M	$1.12B	1.41%	+906.5K	2026-06-30
Norges Bank	4.82M	$1.06B	1.34%	-757.4K	2026-06-30