CMENEUTRAL

CME EV/EBITDA Analysis

21.5x

Updated 153h ago·SEC filings & market data

Key Takeaway

The EV/EBITDA multiple compares a company's total value (including debt) to its cash operating earnings, so 20.4x means investors pay about $20.40 for every $1 of operating profit.

Sector Performance

77th percentile

CME

21.5x

Sector Median

13.6x

Sector Avg

-30.9x

Prior Period

20.4x(Aug 2026)

↓ Declining

📊

Deep Analysis

The EV/EBITDA multiple compares a company's total value (including debt) to its cash operating earnings, so 20.4x means investors pay about $20.40 for every $1 of operating profit.

That is well above the sector median of 13.6x, placing CME in the 74th percentile among peers—more expensive than roughly three-quarters of them. The metric is increasing: the most recent quarter shows 20.4x versus 19.9x prior quarter, a +2.6% quarter-over-quarter rise, while the year-over-year change is not available. A high and rising valuation against a lower sector median suggests expectations for strong future earnings, but leaves little room for misses—any disappointment could pressure the stock. The trend direction over the last eight quarters is consistently upward, reinforcing the view that CME has been trading at a premium to its sector. This combination of high level and rising trend creates a valuation risk that counters any positive operating momentum. Overall, this metric supports the NEUTRAL verdict: the premium price is not a clear buy signal nor a sell trigger, but warrants caution.

Frequently Asked Questions

What does the EV/EBITDA tell investors about CME?

A valuation multiple preferred by analysts for capital-intensive or leveraged businesses. Useful for cross-sector comparisons where earnings can be distorted by debt.

How is the EV/EBITDA calculated?

EV/EBITDA is calculated as: Enterprise Value / EBITDA.

Who are CME's closest peers by EV/EBITDA?

The closest peers by EV/EBITDA include: SMTC (76.6x), SHOP (80.2x), OKTA (83.5x), TEAM (101.4x), STEM (102.7x).

📚

Learn More About EV/EBITDA

EV/EBITDA Explained: The Valuation Metric Pro Investors Actually Use

Learn what EV/EBITDA is, why it beats P/E for capital-heavy companies, typical sector ranges, and key limitations every serious investor should know.

The Formula

Enterprise Value / EBITDA

Why It Matters

A valuation multiple preferred by analysts for capital-intensive or leveraged businesses. Useful for cross-sector comparisons where earnings can be distorted by debt.