Intercontinental Exchange, Inc. (ICE) Stock Valuation — PE Analysis
Financial - Data & Stock Exchanges · NYSE
Current Price
$140.53
PE Ratio (TTM)
20.3x
Intrinsic Value
$191.42
+26.6% margin of safety
COMPETITIVE MOAT
↑Dominant Exchange Network
ICE operates critical global exchanges, creating a powerful network effect. This entrenched position makes it difficult for competitors to replicate its scale and liquidity.
↑Diversified Data & Technology
Strategic acquisitions are building a robust data and fixed income technology platform. This diversification reduces reliance on exchange revenue and creates cross-selling opportunities.
↑Early Digital Asset Integration
ICE's involvement in spot Bitcoin ETFs and futures demonstrates an early mover advantage in digital assets. This positions them to capture growth in evolving markets.
INVESTMENT RISKS
↓Regulatory Scrutiny
As a major exchange operator, ICE faces significant regulatory oversight. Changes in regulations could impact trading volumes, fees, and product offerings.
↓Competition in Data Services
The financial data market is increasingly competitive. ICE must continuously innovate to maintain its edge against established and emerging data providers.
↓Technological Disruption
Rapid advancements in financial technology could disrupt traditional exchange models. ICE needs to invest heavily in R&D to stay ahead of potential threats.
Base case
ICE base case PE valuation
A base case PE valuation for ICE estimates a fair value of about $191.42 per share, against a current price of $140.53. The model assumes 12.5% annual earnings growth, a 20x target PE multiple, and a 10% discount rate.
Intrinsic Value
$191.42
Margin of safety
+26.6%
Expected annual return
+6.4%
Base case assumptions: 12.5% annual earnings growth, 20x target PE, 10% discount rate, 5 year projection. Data as of 2026-06-12.
This base case uses default assumptions and is not financial advice. The fair value changes significantly when the target PE or earnings growth rate changes. Open the calculator to set your own assumptions and see the full sensitivity range.
Customize the ICE PE valuation
Adjust the target PE, earnings growth, and discount rate to see how the fair value and margin of safety for Intercontinental Exchange, Inc. respond.
Open PE Calculator for ICECompany Overview
Intercontinental Exchange, Inc. (ICE) manages a global network of regulated financial venues, encompassing exchanges, clearing houses, and listing platforms. These operations serve diverse markets, including commodities, financial instruments, fixed income products, and equities, with a geographical footprint spanning key financial centers such as the United States, United Kingdom, European Union, Singapore, Israel, and Canada. The company's business is segmented into three core areas: Exchanges, Fixed Income and Data Services, and Mortgage Technology. Within its Exchanges segment, ICE oversees a robust network comprising 13 regulated exchanges and 6 clearing houses. These extensive marketplaces enable the listing, trading, and clearing of a wide spectrum of derivatives contracts and financial securities. This includes futures and options across diverse sectors such as energy, agriculture, metals, financials, and equities, in addition to providing critical listing, market data, and connectivity solutions. The Fixed Income and Data Services division provides comprehensive analytics and execution services for fixed income products, manages Credit Default Swap (CDS) clearing, and offers multi-asset class data and network solutions. Furthermore, its Mortgage Technology segment delivers an advanced, proprietary platform designed for residential mortgage origination. This division also provides closing solutions that streamline connections across the mortgage supply chain and facilitate secure information exchange, alongside data analytics and "Data as a Service" offerings for lenders to access vital origination insights. Intercontinental Exchange, Inc. was established in 2000 and maintains its headquarters in Atlanta, Georgia.
Financial Metrics — ICE PE Stock Valuation Data
PE Ratio (TTM)
20.3x
PEG Ratio
0.48
Earnings Yield
4.92%
ROE (TTM)
13.6%
Revenue/Share (TTM)
$23.06
Dividend Yield
1.42%
Debt/Equity
0.71x
Frequently Asked Questions
What is the PE ratio of ICE?
The trailing twelve-month PE ratio of ICE reflects how much investors pay per dollar of Intercontinental Exchange, Inc.'s earnings. This metric is most useful when compared to Financial - Data & Stock Exchanges peers and the company's own historical range.
Is ICE overvalued based on PE ratio?
ICE's PE of 20.3x combined with a PEG ratio of 0.48 provides a growth-adjusted perspective. A PEG below 1.0 suggests ICE may be undervalued relative to its earnings growth rate. Keep in mind that PE-based valuation works best for profitable, mature companies — for high-growth or cyclical Financial - Data & Stock Exchanges, a DCF analysis may be more appropriate.
How do I value ICE stock using PE ratio?
To value Intercontinental Exchange, Inc. using PE: (1) Compare the current PE (20.3x) against the Financial - Data & Stock Exchanges median to assess relative pricing, (2) check the PEG ratio (0.48) to adjust for growth expectations, (3) review the 5-year PE range to identify where the stock sits historically, and (4) estimate fair value by multiplying a target PE by forward EPS estimates. This relative approach complements DCF's absolute valuation.
What is the PEG ratio of ICE?
ICE's PEG ratio is 0.48, calculated by dividing the PE ratio (20.3x) by the expected earnings growth rate. A PEG below 1.0 is traditionally considered a sign of undervaluation — the market may not be fully pricing in the growth potential. Note that PEG accuracy depends on the reliability of growth estimates.
Should I use PE ratio or DCF for ICE stock valuation?
PE ratio gives a quick relative read — how ICE is priced versus Financial - Data & Stock Exchanges peers. DCF provides an absolute value based on projected free cash flows. For the most reliable valuation, use PE as a quick comparability screen and DCF for a deeper fundamental analysis. Each method has blind spots: PE ignores capital structure and cash flow quality, while DCF is sensitive to growth and discount rate assumptions.
Learn More
- See ICE DCF Valuation → — Intrinsic value via Discounted Cash Flow analysis
- PE Methodology — Step-by-step guide to PE ratio stock valuation
- DCF Methodology — Guide to discounted cash flow analysis
- PE Ratio — Understanding the price-to-earnings ratio
- Intrinsic Value — How to evaluate stock fair value
Related PE Valuations
All Financial Services valuationsP/E and DCF value ICE with different methods and assumptions, so the two conclusions can differ. Compare the DCF intrinsic value.
Price as of 2026-06-12. Financial data from Financial Modeling Prep (trailing twelve months) · Valuation methodology by Charlie Wang.
This is an estimate, not investment advice.