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ES futures tick value and point value
How to turn an ES price move into dollars, with worked examples. Educational content, not trading advice.
Per CME Group, one ES point is worth $50 and the minimum tick is 0.25 point, worth $12.50. Dollar P&L = points moved × $50 × contracts (before fees).
Worked examples (1 contract)
Long 5,800.00 → 5,806.00
6 points × $50 = $300 profit
Short 5,800.00 → 5,803.00
3 points × $50 = $150 loss
8-tick stop
8 × $12.50 = $100 risk
3 contracts, 2-point stop
2 × $50 × 3 = $300 risk
Quick reference
| Feature | Move | Dollars per ES |
|---|---|---|
| 1 tick (0.25) | 0.25 pt | $12.50 |
| 1 point | 4 ticks | $50 |
| 10 points | 40 ticks | $500 |
Prices in the examples are illustrative.
Sources: CME Group: E-mini S&P 500 specs (opens in a new tab)
Use it in practice
Size from the stop
Pick a dollar risk, divide by stop dollars per contract, round down.
The replay does the math
Simulated ES trades show dollar P&L automatically.
Frequently asked questions
What is the ES tick size?
0.25 index points.
What is MES tick value?
$1.25 — one tenth of ES (CME Group).
Related
Practise ES sizing
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