Intercontinental Exchange, Inc.
—- Market cap
- —
- Debt
- +$19.64B
- Cash
- −$837.00M
Complete market value, debt and cash evidence is required for enterprise value.
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: ICE stock price vs VEEV: inconclusive — current versus $291.78 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at VEEV's multiple
Implied fair value · at ICE's multiple
Needs ICE P/E.
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Lower is better
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: ICE FY 2025 (ended Dec 31, 2025) · VEEV FY 2026 (ended Jan 31, 2026). Fiscal years are not aligned.
Trendline
Six fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Complete market value, debt and cash evidence is required for enterprise value.
Capital structure 100% equity / 0% debt · EV / Revenue 13.53x · EV / EBITDA 35.40x
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Intercontinental Exchange, Inc. · implied price per share
Bear
$60.32
Base
$77.03
Bull
$98.79
Veeva Systems Inc. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
0.68x
0.02x
Net debt / EBITDA
Leverage against operating earnings
2.84x
-1.08x
Cash and equivalents
Liquid reserves on the balance sheet
$837.00M
$1.42B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
CME GROUP INC.
ICE vs CME
Cboe Global Markets, Inc.
ICE vs CBOE
NASDAQ, INC.
ICE vs NDAQ
MARKETAXESS HOLDINGS INC
ICE vs MKTX
Tradeweb Markets Inc.
ICE vs TW
S&P Global Inc.
ICE vs SPGI
Salesforce, Inc.
ICE vs CRM
Adobe Inc.
ICE vs ADBE
Microsoft Corporation
ICE vs MSFT
Oracle Corporation
ICE vs ORCL
$19.64B
$108.32M
LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
The deterministic comparison remains available. Sign in when you want an on-demand narrative synthesis of the same data.