Is Intercontinental Exchange, Inc. overvalued or undervalued?

As of 31 October 2025, the valuation grade for Intercontinental Exchange, Inc. moved from expensive to fair. Based on the current metrics, the company appears to be fairly valued. 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. In comparison to peers, Morgan Stanley has a P/E of 18.52, while The Goldman Sachs Group, Inc. has a notably higher P/E of 41.63, indicating that Intercontinental Exchange is positioned competitively within its industry.
Despite the recent downgrade in stock performance, with a year-to-date return of -1.83% compared to the S&P 500's 16.30%, the company's long-term performance over three and five years shows gains of 53.07% and 54.97%, respectively, suggesting resilience. Overall, the current valuation metrics indicate that Intercontinental Exchange, Inc. is fairly valued in the current market environment.