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Public Comps and Valuation Multiples
for Stock Exchanges

Benchmark revenue and EBITDA valuation multiples for public comps like CME Group, B3 Bolsa do Brasil, HKEX, BSE India and Cboe Global Markets.

Stock Exchanges

See analyst estimates and all valuation multiples for Stock Exchanges
Company EV EV/LTM Revenue EV/LTM EBITDA
$104B 10.6x 16.0x
$102B 15.8x 22.3x
$67.6B 5.7x 11.5x
$56.0B 10.9x 18.7x
$29.3B 8.2x 10.6x
$27.0B 11.6x 17.6x
$16.8B 8.1x 13.1x
$13.6B 7.4x 10.6x
$13.3B 12.4x 20.4x
$12.1B 28.5x 47.3x
$11.5B 9.7x 17.6x
$10.5B 9.1x 14.0x
$5.5B 15.1x 39.0x
$5.3B 31.2x 47.9x
$3.6B n/a n/a
$2.5B n/a n/a
$2.5B 18.5x 43.5x
$2.3B 14.2x 19.4x
$2.2B 8.2x 11.3x
$1.5B 8.6x 16.2x
$1.2B 18.5x 21.6x
$860M 3.6x 6.3x
$600M 5.1x 13.2x
$592M 4.2x 9.6x
$563M 2.8x 3.6x
$537M n/a n/a
$314M 4.4x 11.0x
$312M 4.6x 10.1x
$227M n/a n/a
$110M n/a n/a
$87.9M n/a n/a
$69.1M 4.7x n/a
$52.0M n/a n/a
$49.3M n/a n/a
$17.1M n/a n/a
$15.7M n/a n/a
-$1.5B -2.0x -3.3x
-$96.1B -13.8x -23.7x

Valuation multiples as of last 12 months (LTM). Financial data powered by Morningstar, Inc.

See analyst estimates and M&A multiples for Stock Exchanges

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