ComboBox1.Text is correct way.
If you go for ComboBox1.ItemIndex, you need to check first that it is not -1. Because ComboBox1.Items[-1] will result bad error. If Combobox value is different than any item in its list, then Itemindex may be -1. You can also select it from the Object properties window, to give a reasonable start value. So this way only really works if typing to ComboBox is not allowed (check style properties).