Intercontinental Exchange, Inc. (ICE) P/E Ratio History
UndervaluedTrading at 23.6x vs 5Y avg 29.0x · 30th percentile · Below historical baseline · Data 2006–2026
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P/E Ratio Analysis
As of July 8, 2026, Intercontinental Exchange, Inc. (ICE) trades at a price-to-earnings ratio of 23.6x, with a stock price of $136.45 and trailing twelve-month earnings per share of $6.88.
The current P/E is 18% below its 5-year average of 29.0x. Over the past five years, ICE's P/E has ranged from a low of 15.8x to a high of 40.4x, placing the current valuation at the 30th percentile of its historical range.
Compared to the Financial Services sector median P/E of 14.3x, ICE trades at a 66% premium to its sector peers. The sector includes 800 companies with P/E ratios ranging from 0.0x to 157.0x.
The PEG ratio of 2.66 (P/E divided by 21% EPS growth) suggests the stock may be expensive relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, ICE trades roughly in line with the S&P 500 median P/E of 25.9x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our ICE DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
ICE Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
ICE P/E vs Peers
Exchanges, Clearing and Trading Venues peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $87B | 21.6 | 1.57 | +15% | |
| $27B | 24.8 | 1.27 | +45% | |
| $49B | 28.0 | 2.62 | +60% | |
| $4B | 17.8 | - | -9% | |
| $21B | 26.5 | 0.78Best | +62%Best | |
| $44B | 39.1 | 2.31 | +11% | |
| $131B | 30.2 | 3.48 | +19% | |
| $89B | 36.6 | 4.69 | +21% | |
| $9B | 16.6Lowest | 1.66 | +12% | |
| $156B | 28.5 | 13.27 | -16% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
ICE Historical P/E Data (2006–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | - | $157.28 | $6.87 | 22.9x | -15% |
| FY2025 Q4 | Dec 31 2025 | $161.96 | $5.77 | 28.1x | +4% |
| FY2025 Q3 | - | $168.48 | $5.49 | 30.7x | +14% |
| FY2025 Q2 | Jun 30 2025 | $183.47 | $5.21 | 35.2x | +30% |
| FY2025 Q1 | Mar 31 2025 | $172.50 | $4.83 | 35.7x | +32% |
| FY2024 Q4 | - | $149.01 | $4.78 | 31.2x | +16% |
| FY2024 Q3 | Sep 30 2024 | $160.64 | $4.22 | 38.1x | +41% |
| FY2024 Q2 | Jun 30 2024 | $136.89 | $4.04 | 33.9x | +26% |
| FY2024 Q1 | Mar 31 2024 | $137.43 | $4.36 | 31.5x | +17% |
| FY2023 Q4 | Dec 31 2023 | $128.43 | $4.20 | 30.6x | +13% |
| FY2023 Q3 | Sep 30 2023 | $110.02 | $4.31 | 25.5x | -5% |
| FY2023 Q2 | Jun 30 2023 | $113.08 | $3.01 | 37.6x | +39% |
| FY2023 Q1 | Mar 31 2023 | $104.29 | $2.58 | 40.4x | +50% |
| FY2022 Q4 | Dec 31 2022 | $102.59 | $2.57 | 39.9x | +48% |
| FY2022 Q3 | Sep 30 2022 | $90.35 | $4.51 | 20.0x | -26% |
| FY2022 Q2 | - | $94.04 | $5.97 | 15.8x | -42% |
| FY2022 Q1 | - | $132.12 | $7.20 | 18.4x | -32% |
| FY2021 Q4 | Dec 31 2021 | $136.77 | $7.18 | 19.0x | -29% |
| FY2021 Q3 | - | $114.82 | $5.41 | 21.2x | -21% |
| FY2021 Q2 | Jun 30 2021 | $118.70 | $5.00 | 23.7x | -12% |
| FY2021 Q1 | Mar 31 2021 | $111.68 | $3.73 | 29.9x | +11% |
| FY2020 Q4 | - | $115.29 | $3.76 | 30.7x | +14% |
| FY2020 Q3 | Sep 30 2020 | $100.05 | $3.63 | 27.6x | +2% |
| FY2020 Q2 | - | $91.60 | $3.86 | 23.7x | -12% |
| FY2020 Q1 | - | $80.75 | $3.75 | 21.5x | -20% |
| FY2019 Q4 | - | $92.55 | $3.43 | 27.0x | -0% |
| FY2019 Q3 | Sep 30 2019 | $92.27 | $3.70 | 24.9x | -8% |
| FY2019 Q2 | Jun 30 2019 | $85.94 | $3.55 | 24.2x | -10% |
| FY2019 Q1 | Mar 31 2019 | $76.14 | $3.49 | 21.8x | -19% |
| FY2018 Q4 | Dec 31 2018 | $75.33 | $3.43 | 22.0x | -19% |
| FY2018 Q3 | Sep 30 2018 | $74.89 | $4.44 | 16.9x | -37% |
| FY2018 Q2 | Jun 30 2018 | $73.55 | $4.28 | 17.2x | -36% |
| FY2018 Q1 | Mar 31 2018 | $72.52 | $4.21 | 17.2x | -36% |
| FY2017 Q4 | Dec 31 2017 | $70.56 | $4.26 | 16.6x | -39% |
| FY2017 Q3 | Sep 30 2017 | $68.70 | $2.77 | 24.8x | -8% |
| FY2017 Q2 | Jun 30 2017 | $65.92 | $2.71 | 24.3x | -10% |
| FY2017 Q1 | Mar 31 2017 | $59.87 | $2.60 | 23.0x | -15% |
| FY2016 Q4 | Dec 31 2016 | $56.42 | $2.38 | 23.7x | -12% |
| FY2016 Q3 | Sep 30 2016 | $53.87 | $2.45 | 22.0x | -19% |
| FY2016 Q2 | - | $51.19 | $2.43 | 21.1x | -22% |
| FY2016 Q1 | - | $47.03 | $2.34 | 20.1x | -26% |
| FY2015 Q4 | - | $51.25 | $2.28 | 22.5x | -17% |
| FY2015 Q3 | Sep 30 2015 | $47.00 | $2.13 | 22.1x | -18% |
| FY2015 Q2 | - | $44.72 | $1.94 | 23.1x | -15% |
| FY2015 Q1 | - | $46.65 | $1.82 | 25.6x | -5% |
| FY2014 Q4 | Dec 31 2014 | $43.86 | $1.71 | 25.6x | -5% |
| FY2014 Q3 | - | $39.01 | $0.89 | 43.8x | +62% |
| FY2014 Q2 | Jun 30 2014 | $37.78 | $0.91 | 41.5x | +54% |
| FY2014 Q1 | Mar 31 2014 | $39.57 | $0.94 | 42.1x | +56% |
| FY2013 Q4 | - | $44.98 | $0.86 | 52.3x | +94% |
| FY2013 Q3 | Sep 30 2013 | $36.28 | $1.52 | 23.9x | -12% |
| FY2013 Q2 | Jun 30 2013 | $35.55 | $1.50 | 23.7x | -12% |
| FY2013 Q1 | Mar 31 2013 | $32.61 | $1.47 | 22.2x | -18% |
| FY2012 Q4 | Dec 31 2012 | $24.76 | $1.50 | 16.5x | -39% |
| FY2012 Q3 | Sep 30 2012 | $26.68 | $1.50 | 17.8x | -34% |
| FY2012 Q2 | Jun 30 2012 | $27.20 | $1.50 | 18.1x | -33% |
| FY2012 Q1 | Mar 31 2012 | $27.48 | $1.44 | 19.1x | -29% |
| FY2011 Q4 | Dec 31 2011 | $24.11 | $1.39 | 17.3x | -36% |
| FY2011 Q3 | Sep 30 2011 | $23.65 | $1.31 | 18.1x | -33% |
| FY2011 Q2 | - | $24.94 | $1.22 | 20.4x | -24% |
| FY2011 Q1 | - | $24.71 | $1.16 | 21.3x | -21% |
| FY2010 Q4 | Dec 31 2010 | $23.83 | $1.04 | 22.9x | -15% |
| FY2010 Q2 | Jun 30 2010 | $22.61 | $1.01 | 22.4x | -17% |
| FY2010 Q1 | Mar 31 2010 | $22.44 | $0.93 | 24.1x | -11% |
| FY2009 Q4 | - | $22.46 | $0.86 | 26.1x | -3% |
| FY2009 Q3 | Sep 30 2009 | $19.44 | $0.77 | 25.2x | -6% |
| FY2009 Q2 | - | $22.85 | $0.74 | 30.9x | +14% |
| FY2009 Q1 | - | $14.89 | $0.79 | 18.8x | -30% |
| FY2008 Q4 | Dec 31 2008 | $16.49 | $0.85 | 19.4x | -28% |
| FY2008 Q3 | - | $16.14 | $0.90 | 17.9x | -34% |
| FY2008 Q2 | Jun 30 2008 | $22.80 | $0.88 | 25.9x | -4% |
| FY2008 Q1 | Mar 31 2008 | $26.10 | $0.79 | 33.0x | +22% |
| FY2007 Q4 | Dec 31 2007 | $38.50 | $0.69 | 55.8x | +107% |
| FY2007 Q3 | Sep 30 2007 | $30.38 | $0.67 | 45.3x | +68% |
| FY2007 Q2 | Jun 30 2007 | $29.57 | $0.63 | 46.9x | +74% |
| FY2007 Q1 | Mar 31 2007 | $24.44 | $0.58 | 42.1x | +56% |
| FY2006 Q4 | Dec 31 2006 | $21.58 | $0.49 | 44.4x | +65% |
Average P/E for displayed period: 27.0x
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
20+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
ICE — Frequently Asked Questions
Quick answers to the most common questions about buying ICE stock.
What is ICE's P/E ratio?
Intercontinental Exchange, Inc. (ICE) trailing twelve-month P/E ratio is 23.6x, based on TTM diluted EPS of $6.88. The 5-year average P/E is 29.0x and the historical range spans 15.8x to 40.4x.
Is ICE stock overvalued or undervalued?
ICE trades at 23.6x P/E, near its 5-year average of 29.0x. The 30th percentile ranking within the 15.8x–40.4x historical range places valuation within normal bounds.
Is ICE stock expensive?
ICE is fairly valued relative to its own history. The current P/E of 23.6x is near the 5-year average of 29.0x (30th percentile of historical range).
What is ICE's historical P/E range?
Over the past 5 years, ICE's P/E ratio has ranged from 15.8x to 40.4x, with a median of 30.7x and an average of 29.0x. The current P/E of 23.6x places the stock at the 30th percentile of this range. Full historical data spans 2006–2026.
How does ICE's P/E compare to the S&P 500?
ICE trades at 23.6x P/E versus the S&P 500 median of 25.9x. The 9% discount to the market suggests lower growth expectations or perceived higher risk.
How does ICE's valuation compare to Financial Services peers?
Intercontinental Exchange, Inc. P/E of 23.6x compares to the Financial Services sector median of 14.3x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is ICE's PEG ratio?
ICE PEG ratio is 2.66, based on a P/E of 23.6x and EPS growth of 20.7%. A PEG above 2.0 indicates a premium valuation relative to earnings growth — typically considered expensive.
What is ICE's earnings yield?
ICE earnings yield is 4.23%, the inverse of its 23.6x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.