MES tick value
One MES tick is 0.25 index pt and is worth $1.25. One point is worth $5.00.
| Contract | Micro E-mini S&P 500 (CME) |
|---|---|
| Contract unit | $5 x S&P 500 Index |
| Minimum tick (outright) | 0.25 index pt |
| Tick value | $1.25 |
| Point value | $5.00 |
| Ticks per point | 4 |
Convert a move to dollars
- Per contract
- $12.50
- Total
- $12.50
- Equivalent
- 2.50 points
Worked example
MES tracks the S&P 500 Index, quoted in index points. A 10-point move in MES is 40 ticks. At $1.25 per tick that is $50.00 per contract, before commissions and fees.
MES versus ES
| Contract | Tick | Tick value | Point value |
|---|---|---|---|
| MES | 0.25 index pt | $1.25 | $5.00 |
| ES (E-mini S&P 500) | 0.25 index pt | $12.50 | $50.00 |
One ES equals 10 MES in dollar exposure.
Next
Sources: CME Group, Micro E-mini S&P 500; CME Group, E-mini S&P 500. As of 14 Oct 2026, rechecked 19 Oct 2026. Calendar spreads can use a smaller tick. Verify with your broker. Not investment advice.