# Intercontinental Exchange Inc. (ICE) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Financial Services / Capital Markets. Price $161.26, market value $90.5 billion.

## Valuation
- **P/E (trailing): 22.7×** (5-yr avg 28.8×, 3-yr avg 29.4×). Intercontinental Exchange Inc. trades at 22.7× trailing earnings, well below its own five-year average of 28.8×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 18.3×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.88**. A PEG of 0.88 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 6.7×**. Each dollar of revenue is priced at 6.7×.
- **Price / book: 3.1×**. The shares trade at 3.1× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 15.6×**. Enterprise value is 15.6× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 5.6%** (5-yr avg 4.9%). Free cash flow equals 5.6% of the market value, in line with its five-year average of 4.9%. Above 5% is generally attractive.
- **Earnings yield: 4.4%**. The inverse of the P/E: 4.4% of the price is earned each year.

## Profitability
- **Operating margin: 40.7%**. 40.7% of revenue is left after running the business, an exceptional level.
- **Net margin: 26.2%**. 26.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 11.5%**. 11.5% on shareholders' equity is solid.
- **Return on invested capital: 9.1%**. Return on all capital, debt included, is 9.1%.
- **Return on assets: 2.9%**. Each dollar of assets produces 2.9% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 7.5%** (3-yr 9.5%/yr, 5-yr 8.9%/yr). Revenue grew 7.5% over the last year, against 8.9% a year compounded over five years.
- **EPS growth (1 yr): 20.7%** (3-yr 30.8%/yr, 5-yr 8.9%/yr). Earnings per share rose 20.7%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 8.8%/yr**. Free cash flow has compounded at 8.8% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.
- **Cash and short-term investments: $837 million**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 1.29%** ($2.00 per share, trailing). Intercontinental Exchange Inc. yields 1.29%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 33%** (22% of free cash flow). 33% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 13**. 13 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 9.9%/yr** (1-yr 6.7%). The dividend has grown 9.9% a year over five years.

## Analyst view
- **Analyst consensus: strong_buy** (14 analysts). 14 analysts cover Intercontinental Exchange Inc.; the consensus is strong_buy, with an average price target of $186.71 (+16% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -6.4%** (YTD 0.3%, 3-mo 14.4%). The shares are down 6.4% over twelve months including dividends.
- **From 52-week high: -8.7%** (32.4% above the low). Trading 9% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 60**. An RSI of 60 is neutral.
- **Beta (1 yr): 0.25** (volatility 25%). Beta of 0.25 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ICE · Page: https://foliofundamentals.com/stocks/ice

Not investment advice.