MKTX PE Ratio & Valuation,Is MKTX Overvalued

MKTX Relative Valuation

MKTX's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, MKTX is overvalued; if below, it's undervalued.

Historical Valuation

Marketaxess Holdings Inc (MKTX) is now in the Undervalued zone, suggesting that its current forward PE ratio of 22.74 is considered Undervalued compared with the five-year average of 40.83. The fair price of Marketaxess Holdings Inc (MKTX) is between 197.30 to 382.75 according to relative valuation methord. Compared to the current price of 178.62 USD , Marketaxess Holdings Inc is Undervalued By 9.47%.

Relative Value

Fair Zone

197.30-382.75

Current Price：178.62

9.47%

Undervalued

22.77

13.78

EV/EBITDA

Marketaxess Holdings Inc. (MKTX) has a current EV/EBITDA of 13.78. The 5-year average EV/EBITDA is 26.08. The thresholds are as follows: Strongly Undervalued below 5.49, Undervalued between 5.49 and 15.78, Fairly Valued between 36.38 and 15.78, Overvalued between 36.38 and 46.67, and Strongly Overvalued above 46.67. The current Forward EV/EBITDA of 13.78 falls within the Undervalued range.

16.90

EV/EBIT

Marketaxess Holdings Inc. (MKTX) has a current EV/EBIT of 16.90. The 5-year average EV/EBIT is 30.85. The thresholds are as follows: Strongly Undervalued below 8.11, Undervalued between 8.11 and 19.48, Fairly Valued between 42.21 and 19.48, Overvalued between 42.21 and 53.58, and Strongly Overvalued above 53.58. The current Forward EV/EBIT of 16.90 falls within the Undervalued range.

7.40

Marketaxess Holdings Inc. (MKTX) has a current PS of 7.40. The 5-year average PS is 14.42. The thresholds are as follows: Strongly Undervalued below 2.40, Undervalued between 2.40 and 8.41, Fairly Valued between 20.43 and 8.41, Overvalued between 20.43 and 26.43, and Strongly Overvalued above 26.43. The current Forward PS of 7.40 falls within the Undervalued range.

16.85

P/OCF

Marketaxess Holdings Inc. (MKTX) has a current P/OCF of 16.85. The 5-year average P/OCF is 27.82. The thresholds are as follows: Strongly Undervalued below -3.30, Undervalued between -3.30 and 12.26, Fairly Valued between 43.38 and 12.26, Overvalued between 43.38 and 58.93, and Strongly Overvalued above 58.93. The current Forward P/OCF of 16.85 falls within the Historic Trend Line -Fairly Valued range.

19.66

P/FCF

Marketaxess Holdings Inc. (MKTX) has a current P/FCF of 19.66. The 5-year average P/FCF is 38.84. The thresholds are as follows: Strongly Undervalued below 11.17, Undervalued between 11.17 and 25.00, Fairly Valued between 52.67 and 25.00, Overvalued between 52.67 and 66.51, and Strongly Overvalued above 66.51. The current Forward P/FCF of 19.66 falls within the Undervalued range.

Marketaxess Holdings Inc (MKTX) has a current Price-to-Book (P/B) ratio of 4.82. Compared to its 3-year average P/B ratio of 7.26 , the current P/B ratio is approximately -33.55% higher. Relative to its 5-year average P/B ratio of 10.15, the current P/B ratio is about -52.48% higher. Marketaxess Holdings Inc (MKTX) has a Forward Free Cash Flow (FCF) yield of approximately 5.94%. Compared to its 3-year average FCF yield of 3.84%, the current FCF yield is approximately 54.73% lower. Relative to its 5-year average FCF yield of 3.15% , the current FCF yield is about 88.63% lower.

4.83

P/B

Median3y

7.26

Median5y

10.15

5.94

FCF Yield

Median3y

3.84

Median5y

3.15

Competitors Valuation Multiple

The average P/S ratio for MKTX's competitors is 0.00, providing a benchmark for relative valuation. Marketaxess Holdings Inc Corp (MKTX) exhibits a P/S ratio of , which is NaN% above the industry average. Given its robust revenue growth of 1.26%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

Revenue Growth

Market Cap

Performance Decomposition

Market capitalization of MKTX decreased by 20.72% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 202.33M to 204.87M.

The secondary factor is the Margin Expansion, contributed -5.69%to the performance.

Overall, the performance of MKTX in the past 1 year is driven by Revenue Growth. Which is more sustainable.

1.26%

202.33M → 204.87M

Revenue Growth

-5.69%

35.33 → 33.32

Margin Expansion

-16.29%

36.46 → 30.52

P/E Change

-20.72%

226.04 → 179.20

Mkt Cap Growth

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Frequently Asked Questions

Is Marketaxess Holdings Inc (MKTX) currently overvalued or undervalued?

What is Marketaxess Holdings Inc (MKTX) fair value?

MKTX's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average , adjusted by weights. The fair price of Marketaxess Holdings Inc (MKTX) is between 197.30 to 382.75 according to relative valuation methord.

How does MKTX's valuation metrics compare to the industry average?

What is the current P/B ratio for Marketaxess Holdings Inc (MKTX) as of Dec 16 2025?

As of Dec 16 2025, Marketaxess Holdings Inc (MKTX) has a P/B ratio of 4.82. This indicates that the market values MKTX at 4.82 times its book value.

What is the current FCF Yield for Marketaxess Holdings Inc (MKTX) as of Dec 16 2025?

As of Dec 16 2025, Marketaxess Holdings Inc (MKTX) has a FCF Yield of 5.94%. This means that for every dollar of Marketaxess Holdings Inc’s market capitalization, the company generates 5.94 cents in free cash flow.

What is the current Forward P/E ratio for Marketaxess Holdings Inc (MKTX) as of Dec 16 2025?

As of Dec 16 2025, Marketaxess Holdings Inc (MKTX) has a Forward P/E ratio of 22.74. This means the market is willing to pay $22.74 for every dollar of Marketaxess Holdings Inc’s expected earnings over the next 12 months.

What is the current Forward P/S ratio for Marketaxess Holdings Inc (MKTX) as of Dec 16 2025?

As of Dec 16 2025, Marketaxess Holdings Inc (MKTX) has a Forward P/S ratio of 7.40. This means the market is valuing MKTX at $7.40 for every dollar of expected revenue over the next 12 months.

MKTX Valuation