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Intercontinental Exchange Inc (ICE) fair value: what the stock is really worth

As of Nov 5, 2026: fair value (intrinsic value) of Intercontinental Exchange Inc stock $123, price $174, that is 29.4% below the price, quality 69 out of 100. Rating: overvalued. Calculated from audited financials with 11 of our 26 valuation models and 37 quality factors, updated daily.

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Financial Services US

IE Intercontinental Exchange Inc logo Broad data Nov 5, 2026

Intercontinental Exchange Inc

ICE · US
Solid, but expensive

Our calculation puts a fair price 29% below what the stock costs today.

Quality 69/100
Healthy Growth (revenue 5y +8.9 %/yr in USD)
Highly profitable · 38.1% net margin (TTM)
Generates free cash flow
1.2% dividend yield · Well covered
Wide moat 81/100
Broad data
Moderate debt
Mixed vs. peers (7/14)
Insiders sold $11.2M (6M)
Fair value $122.85 · Overvalued (−29.4%)

Risks from the AI analysis

🚩SEC equity rules could reduce trading fees🚩Debt from MarketAxess deal could squeeze cash flow

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$185.45 $85.36 Fair Value $122.85 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.

How to read this chart

60‑month range $85.36 – $185.45 · fair‑value band $57.64 – $219.11 · the $174.00 price screens above the $122.85 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.

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Company profile

Intercontinental Exchange, Inc., together with its subsidiaries, provides technology and data to financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Canada, Asia Pacific, and the Middle East.

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It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology.

The Exchanges segment operates regulated marketplace technology for the listing, trading, and clearing of an array of derivatives contracts and financial securities, such as commodities, interest rates, foreign exchange and equities, and corporate and exchange-traded funds, as well as data and connectivity services related to its exchanges and clearing houses.

The Fixed Income and Data Services segment provides fixed income pricing, reference data, indices, analytics, and execution services, as well as global CDS clearing and multi-asset class data delivery technology.

The Mortgage Technology segment offers a technology platform that provides customers comprehensive and digital workflow tools to address inefficiencies and mitigate risks that exist in the U.S. residential mortgage market life cycle from application through closing, servicing, and the secondary market.

The company was founded in 2000 and is headquartered in Atlanta, Georgia.

Stock analysis

Intercontinental Exchange Inc (ICE) currently trades at $174.00, while our model-based Fair Value estimate is $122.85, 29% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of $122.85 per share, and 3 of the 11 models we run sit above the $174.00 price.

Bear case: the Dividend Discount group reads lowest at $31.42, and 8 of the 11 models stay below the price. Data coverage for this calculation is high.

Scenario range: $57.64 (bear) to $219.11 (bull), the price of $174.00 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 69/100 (solid quality), in the Financial Services sector.

Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.

Intercontinental Exchange Inc reported revenue of $12.6B in FY2025 versus $9.2B in FY2021, a compound +8.4%/yr. Reported net income was $3.3B in FY2025, compounding −5.0%/yr from FY2021.

Key figures

Market cap $98.5B Large · P/E ratio 23.7 · P/S ratio 9.03 · EPS (TTM) $7.34 · Dividend yield 1.2% · Net margin 38.1% · Return on equity 14.4% · Return on assets (EBIT) 2.6%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 81 out of 100 (medium confidence).

What moves the price

The share trades about 1% below its 52-week high and 42% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −35% fair-value upside, at −29%, ICE screens cheaper than that median.

Fair Value models

Bear $57.64 Fair Value $122.85 Bull $219.11
Price $174.00 · Downside -29.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($4.50 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income $47.09 $54.51 $74.62 76
Growth DCF $91.44 $222.08 $432.71 73
Owner Earnings $87.79 $218.40 $473.71 70
All 11 models by family
DCF Models
Owner Earnings $87.79 $218.40 $473.71 70
5Y P/E Exit $44.88 $103.57 $174.15 68
10Y P/E Exit $60.10 $122.85 $219.11 61
Earnings-Based
Graham-Dodd $40.20 $247.88 $345.93 63
Lynch FV $71.14 $101.63 $132.12 61
Dividend Discount
Gordon GGM $17.99 $37.07 $58.21 66
DDM Multi-Stage $17.99 $31.42 $38.95 67
Multiples
P/E Multiple $57.64 $76.86 $96.07 63
Growth DCF
Growth DCF $91.44 $222.08 $432.71 73
Rev-Margin DCF $28.91 $67.23 $121.50 69
Economic Profit
Residual Income $47.09 $54.51 $74.62 76

Open the full fair value analysis →

Quality Score breakdown

Overall quality 69/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 38
How much profit the company makes from its sales and capital
Quality Growth 62
Are margins and returns getting better?
Cashflow 89
Do the profits arrive as real cash?
Financial strength 32
Debt, balance sheet and risk of trouble
Investment 84
Does it invest with discipline instead of growing at any price?
Low Volatility 71
How calm the share price moves, does not count
Price momentum 54
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 77
Distance to the 52-week high, does not count
New shares 86
Buys back shares or issues new ones?

Open the full quality analysis →

Insider trades

In the last 6 months, 11 officers or directors sold shares worth $11.2M and none bought.

  • SaleJames W NamkungChief Accounting Officer2,430 shares at $165.00$400,950Oct 29, 202610b5-1 plan
  • SaleDouglas FoleySVP, HR & Administration5× since Dec 12, 2025: 13,700 shares, avg. $155.03$2.1MSep 14, 2026
  • SaleBenjamin JacksonPresident4× since Feb 10, 2026: 33,453 shares, avg. $161.81$5.4MSep 1, 202610b5-1 plan
  • SaleChristopher Scott EdmondsPresident, Fixed Income & Data2× since Feb 19, 2026: 16,303 shares, avg. $155.90$2.5MSep 1, 202610b5-1 plan
  • SaleAndrew J SurdykowskiGeneral Counsel5× since Nov 11, 2025: 17,569 shares, avg. $156.96$2.8MAug 26, 202610b5-1 plan
  • SaleMartha A TirinnanziDirector2× since Aug 13, 2026: 1,481 shares, avg. $160.57$237,809Aug 26, 202610b5-1 plan
  • SaleWarren GardinerChief Financial Officer4× since Nov 20, 2025: 9,043 shares, avg. $155.30$1.4MAug 19, 202610b5-1 plan
  • SaleMayur KapaniChief Technology Officer4× since Dec 8, 2025: 29,100 shares, avg. $154.82$4.5MAug 12, 202610b5-1 plan
  • SaleLynn C MartinPresident, NYSE Group2× since Feb 20, 2026: 29,338 shares, avg. $146.98$4.3MJul 16, 202610b5-1 plan
  • SaleWilliam Jefferson HagueDirector2× since Jun 9, 2026: 1,424 shares, avg. $139.40$198,504Jun 12, 202610b5-1 plan

Plus 3 more entries from the last 12 months.

Plus 17 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.

Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.

Source: SEC Form 4, as of Nov 5, 2026. All filings at the SEC ↗

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 88/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+7.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.9%
Start year 2020 (pandemic). Over 10 years: +10.4% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+40.2%
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+10.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.0%
Dividend (yield on the price)1.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.9.0% vs 9.8%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.37% → 39%
Pace: the 5-year rate starts in 2020 (pandemic)

Growth Forecast

A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+13.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+1.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +10.6% a year for the price and −0.6% for the forecasts.
Forecast 2026 (sales)−12.2%
Forecast 2027 (sales)+6.4%
Projected 2028 (sales)+5.9%
Projected 2029 (sales)+5.3%
Projected 2030 (sales)+4.8%

ICE screens overvalued: fair value 29% below the price. Compare with S&P Global Inc →

Note from the team Oct 31, 2026
AI conclusion: Network effects and clearing infrastructure form a durable moat with pricing power as clear strengths, while limited human capital data and weaker insider signals remain the main weakness.
Main risk: New SEC equity market structure rules on tick sizes and fee caps could alter competitive dynamics and reduce revenue from trading venues for ICE's exchange business.
Bull case: ICE could leverage its clearing infrastructure and proprietary data to integrate tokenized and AI-enhanced services into core recurring revenue streams without diluting margins.
Bear case: Regulatory fee pressure combined with acquisition debt could constrain investment in new platforms and erode the contribution from exchange and data franchises over time.
Intercontinental Exchange posted its strongest third quarter yet with double-digit revenue growth from higher trading volumes in energy and financial markets plus expanding data services. It is now partnering to launch regulated perpetual futures markets in the US built on Hyperliquid technology. Will this move extend its core strength in risk management platforms or stretch resources into fast-moving crypto-linked products with new oversight demands?
Join the discussion →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Financial Data & Stock Exchanges · 49 stocks

Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 69 · Below median
Fair Value upside −29.4% · Above median
Profitability
Return on equity (12 months) 14.4% · Bottom 25%
Return on assets 2.4% · Bottom 25%
Net margin (12 months) 38.1% · Above median
Operating margin (12 months) 52.8% · Above median
Growth and dividend
Revenue growth (quarter YoY) 14.7% · Above median
Dividend yield (12 months) 1.2% · Below median
Balance sheet
Debt / equity 0.64× · Highest 25%

Valuation Multiplesvs Financial Data & Stock Exchanges median · lower = cheaper

P/E (12 months) 23.7× · Cheaper than median
P/B 3.41× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months) 9.03× · Pricier than median
Price / free cash flow 23.0× · Cheaper than median
EV/EBITDA 16.6× · Cheaper than median
PEG 1.93× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)74 · sector 71
PAST (return on equity)58 · sector 81
HEALTH (low debt)68 · sector 94
DIVIDEND (yield)23 · sector 34

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Financial Data & Stock Exchanges stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Coinbase Global, Inc COIN $136.82 $184.32 +35% vs ICE
Hong Kong Exchanges and Clearing Limited 0388 HK$394.60 HK$306.61 −22% vs ICE
Cboe Global Markets, Inc CBOE $353.07 $247.78 −30% vs ICE
Deutsche Börse AG DB1 €327.50 €229.53 −30% vs ICE
CME Group CME $307.24 $200.80 −35% vs ICE
Hithink RoyalFlush Information Network Co 300033 ¥209.10 ¥113.78 −46% vs ICE
S&P Global Inc SPGI $472.41 $207.66 −56% vs ICE
MSCI Inc MSCI $655.91 $261.33 −60% vs ICE
Nasdaq, Inc NDAQ $106.83 $41.61 −61% vs ICE
Moody's Corporation MCO $515.34 $198.89 −61% vs ICE

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Intercontinental Exchange Inc: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Intercontinental Exchange Inc Fair Value". https://www.fairvalue-calculator.com/stock/ICE

Frequently asked questions

Is Intercontinental Exchange Inc (ICE) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of $122.85 versus a price of $174.00, about 29% lower (overvalued).
What is the fair value of ICE?
Our model-based fair value for Intercontinental Exchange Inc is $122.85 (as of Nov 5, 2026), built from audited fundamentals. The current price: $174.00.
What is the quality score of ICE?
Intercontinental Exchange Inc has a Quality Score of 69/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Intercontinental Exchange Inc (ICE)?
Our model-based price target is the fair value of $122.85 (as of Nov 5, 2026) from 11 valuation models. Cautious scenario $57.64, optimistic scenario $219.11. It is a calculation from audited fundamentals, not an analyst target.
What is the Intercontinental Exchange Inc stock forecast for 2026?
Our models put fair value at $122.85, about 29% lower versus a price of $174.00 (overvalued). Cautious scenario $57.64, optimistic scenario $219.11. The calculation is refreshed regularly with new filings.
What is the revenue of Intercontinental Exchange Inc (ICE)?
Intercontinental Exchange Inc reported trailing-twelve-month revenue of about $10.9B (latest available figure, as of Nov 5, 2026).
Does Intercontinental Exchange Inc pay a dividend?
Intercontinental Exchange Inc currently shows a dividend yield of 1.17% relative to its recent price (as of Nov 5, 2026).
What growth is priced into Intercontinental Exchange Inc (ICE)?
For today's price to be fair in a discounted-cash-flow model, Intercontinental Exchange Inc would have to grow free cash flow by +13.2 % per year for five years (discount rate 9.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.9 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of ICE use?
Our models discount Intercontinental Exchange Inc at 9.1 %: a base by market capitalisation (large), damped by beta 0.94, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Intercontinental Exchange Inc that is +13.2 % per year a year over ten years, using the same discount rate (9.1 %) and the same formula as our fair value.
How much growth has Intercontinental Exchange Inc (ICE) delivered so far?
Over the past 5 years revenue at Intercontinental Exchange Inc grew +8.9 % a year. The price currently implies +13.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Intercontinental Exchange Inc (ICE) growing?
The median revenue growth in the sector is +9.4 % a year. That is the yardstick for the growth priced into Intercontinental Exchange Inc (+13.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Intercontinental Exchange Inc (ICE)?
The free-cash-flow yield on the price is 4.36 %: that much free cash flow Intercontinental Exchange Inc produces per unit of market value. When it exceeds the discount rate of our models (9.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Intercontinental Exchange Inc (ICE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Intercontinental Exchange Inc it is $122.85 per share (as of Nov 5, 2026), against a price of $174.00. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Intercontinental Exchange Inc stock overvalued or undervalued in 2026?
As of Nov 5, 2026, ICE trades above its calculated fair value: price $174.00, fair value $122.85, a gap of about −29% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ICE?
No. The price is what the market pays today ($174.00); the fair value is what the company's own numbers justify ($122.85). For Intercontinental Exchange Inc the two are $51.15 per share apart. That gap is exactly why we show both numbers side by side.
How much is Intercontinental Exchange Inc worth?
The market values Intercontinental Exchange Inc at about $98.5B (market capitalisation, as of Nov 5, 2026). Per share that is $174.00; our models calculate a fair value of $122.85 per share.
What do the bullish and bearish scenarios say about ICE?
Our models span a range for Intercontinental Exchange Inc: cautious scenario $57.64, base $122.85, optimistic $219.11 per share (as of Nov 5, 2026, price $174.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ICE?
Intercontinental Exchange Inc trades at a price-to-earnings ratio of 23.7 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $122.85 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, 6 of the years ex one-offs: 28.2. Other multiples: PEG 1.9, P/B 3.4, P/S 9.0, EV/EBITDA 16.6.
What is the PEG ratio of ICE?
The PEG ratio of Intercontinental Exchange Inc is 1.93 (P/E divided by earnings growth, as of Nov 5, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Intercontinental Exchange Inc (ICE)?
Balance-sheet figures for Intercontinental Exchange Inc (as of Nov 5, 2026): return on equity 14.4%, debt of 0.64 per unit of equity. They feed the Quality Score of 69/100, which measures business quality independently of the share price.
How far is ICE from its 52-week high?
Intercontinental Exchange Inc trades at $174.00, about 1% below its 52-week high of $174.92 and 42% above the low of $122.50 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of $122.85 is for.
Which stocks are comparable to Intercontinental Exchange Inc?
From the same area (Financial Services) we also value S&P Global Inc, CME Group, Moody's Corporation, Deutsche Börse AG, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Intercontinental Exchange Inc stock attractive at the current price?
The data as of Nov 5, 2026: price $174.00, calculated fair value $122.85 (−29%), Quality Score 69/100, from 11 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ICE calculated?
We run Intercontinental Exchange Inc through 11 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $122.85, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Intercontinental Exchange Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Intercontinental Exchange Inc (ICE)?
The closing price on Nov 5, 2026 was $174.00. Our model-based fair value is $122.85, about 29% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Intercontinental Exchange Inc right now?
The model range is unusually wide ($57.64 to $219.11). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Intercontinental Exchange Inc (ICE) come from?
Earnings per share at Intercontinental Exchange Inc grew +9.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share +9.8 %, EBIT margin +0.6 %, tax rate +0.8 %, residual (interest, one-offs) −1.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of Intercontinental Exchange Inc

How large is the market capitalisation of Intercontinental Exchange Inc (ICE)?
The market capitalisation of Intercontinental Exchange Inc is $98.5B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Intercontinental Exchange Inc (ICE)?
The price-to-sales ratio of Intercontinental Exchange Inc is 9.03 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Intercontinental Exchange Inc (ICE)?
Earnings per share at Intercontinental Exchange Inc are $7.34 (price ÷ EPS = P/E 23.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Intercontinental Exchange Inc (ICE)?
The dividend yield of Intercontinental Exchange Inc is 1.2% (payout 27.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Intercontinental Exchange Inc (ICE)?
The net margin of Intercontinental Exchange Inc is 38.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Intercontinental Exchange Inc (ICE)?
The return on equity (ROE) of Intercontinental Exchange Inc is 14.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Intercontinental Exchange Inc (ICE)?
On an EBIT basis the return on assets of Intercontinental Exchange Inc is 2.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Intercontinental Exchange Inc (ICE)?
The operating margin of Intercontinental Exchange Inc is 52.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Intercontinental Exchange Inc (ICE)?
Revenue at Intercontinental Exchange Inc is growing +14.7% versus a year earlier (3y avg +9.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Intercontinental Exchange Inc (ICE)?
Earnings per share at Intercontinental Exchange Inc are growing +17.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Intercontinental Exchange Inc (ICE) carry?
The net debt of Intercontinental Exchange Inc is $19.4B (fiscal year 2025, ≈ 4.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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