Is Intercontinental Exchange, Inc. overvalued or undervalued?

As of 31 July 2025, the valuation grade for Intercontinental Exchange, Inc. has moved from expensive to fair. The company appears fairly valued based on its current metrics. Key ratios include a P/E ratio of 40, an EV to EBITDA of 18.35, and a Price to Book Value of 4.10, which suggest that while the company is not undervalued, it is not excessively priced either.
In comparison to its peers, CME Group, Inc. has a P/E of 25.10 and an EV to EBITDA of 20.37, while Nasdaq, Inc. shows a P/E of 34.40 and an EV to EBITDA of 19.27, indicating that Intercontinental Exchange is positioned reasonably within its industry. Notably, the company's stock has outperformed the S&P 500 on a year-to-date basis, returning 14.84% compared to the S&P 500's 12.22%, although it lags behind over longer periods.