Microsoft Corporation
12.20xPrice / tangible book
Market cap
$3.71T
Tangible equity
$304.13B
Price / tangible book
12.20x
Price / book
8.39x
Return on equity
30.2%
Return on assets
17.6%
Efficiency ratio
—
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · Mkt cap
Decision snapshot: MSFT stock price vs CME: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at CME's multiple
Needs CME P/E.
Implied fair value · at MSFT's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Filter, sort, and scan the equity metrics that matter most for banks: book value, tangible book, returns, and operating efficiency.
Multiple premium
Multiple premium
Profitability edge
Asset efficiency edge
Lower is better
Statements
Bank-focused income statement and equity metrics aligned to the reporting windows.
SEC periods: MSFT FY 2026 (ended Jun 30, 2026) · CME FY 2025 (ended Dec 31, 2025). Fiscal years are not aligned.
Trendline
Six fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Tangible book and profitability anchor a bank, not enterprise value.
Deposits and cash-like balances distort enterprise value for banks, so this section reads equity value, tangible book and profitability instead.
Price / tangible book
Market cap
$3.71T
Tangible equity
$304.13B
Price / tangible book
12.20x
Price / book
8.39x
Return on equity
30.2%
Return on assets
17.6%
Efficiency ratio
—
Price / tangible book
Market cap
$18.75B
Tangible equity
$15.60B
Price / tangible book
1.20x
Price / book
0.65x
Return on equity
14.2%
Return on assets
2.1%
Efficiency ratio
—
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
MICROSOFT CORPORATION · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
CME GROUP INC. · implied price per share
Bank model off — standard DCF modelling is disabled for financial institutions.
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
0.11x
5.68x
Net debt / EBITDA
Leverage against operating earnings
-0.13x
27.88x
Cash and equivalents
Liquid reserves on the balance sheet
$76.84B
$4.54B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider banking comparable set.
Keep comparing
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MSFT vs MSCI
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MSFT vs NDAQ
$49.52B
$163.15B
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