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 20.33 is considered Undervalued compared with the five-year average of 41.10. The fair price of Marketaxess Holdings Inc (MKTX) is between 194.38 to 380.81 according to relative valuation methord. Compared to the current price of 159.71 USD , Marketaxess Holdings Inc is Undervalued By 17.84%.
Relative Value
Fair Zone
194.38-380.81
Current Price：159.71
17.84%
Undervalued
21.29
PE
1Y
3Y
5Y
Trailing
Forward
12.16
EV/EBITDA
Marketaxess Holdings Inc. (MKTX) has a current EV/EBITDA of 12.16. The 5-year average EV/EBITDA is 26.27. The thresholds are as follows: Strongly Undervalued below 5.52, Undervalued between 5.52 and 15.89, Fairly Valued between 36.65 and 15.89, Overvalued between 36.65 and 47.03, and Strongly Overvalued above 47.03. The current Forward EV/EBITDA of 12.16 falls within the Undervalued range.
14.90
EV/EBIT
Marketaxess Holdings Inc. (MKTX) has a current EV/EBIT of 14.90. The 5-year average EV/EBIT is 31.05. The thresholds are as follows: Strongly Undervalued below 8.19, Undervalued between 8.19 and 19.62, Fairly Valued between 42.49 and 19.62, Overvalued between 42.49 and 53.92, and Strongly Overvalued above 53.92. The current Forward EV/EBIT of 14.90 falls within the Undervalued range.
6.60
PS
Marketaxess Holdings Inc. (MKTX) has a current PS of 6.60. The 5-year average PS is 14.54. The thresholds are as follows: Strongly Undervalued below 2.38, Undervalued between 2.38 and 8.46, Fairly Valued between 20.62 and 8.46, Overvalued between 20.62 and 26.70, and Strongly Overvalued above 26.70. The current Forward PS of 6.60 falls within the Undervalued range.
15.04
P/OCF
Marketaxess Holdings Inc. (MKTX) has a current P/OCF of 15.04. The 5-year average P/OCF is 27.73. The thresholds are as follows: Strongly Undervalued below -3.62, Undervalued between -3.62 and 12.06, Fairly Valued between 43.40 and 12.06, Overvalued between 43.40 and 59.07, and Strongly Overvalued above 59.07. The current Forward P/OCF of 15.04 falls within the Historic Trend Line -Fairly Valued range.
17.54
P/FCF
Marketaxess Holdings Inc. (MKTX) has a current P/FCF of 17.54. The 5-year average P/FCF is 39.08. The thresholds are as follows: Strongly Undervalued below 11.36, Undervalued between 11.36 and 25.22, Fairly Valued between 52.94 and 25.22, Overvalued between 52.94 and 66.79, and Strongly Overvalued above 66.79. The current Forward P/FCF of 17.54 falls within the Undervalued range.
Marketaxess Holdings Inc (MKTX) has a current Price-to-Book (P/B) ratio of 4.30. Compared to its 3-year average P/B ratio of 7.32 , the current P/B ratio is approximately -41.22% higher. Relative to its 5-year average P/B ratio of 10.26, the current P/B ratio is about -58.04% higher. Marketaxess Holdings Inc (MKTX) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of 3.80%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of 3.12% , the current FCF yield is about -100.00% lower.
4.51
P/B
Median3y
7.32
Median5y
10.26
6.65
FCF Yield
Median3y
3.80
Median5y
3.12
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
P/S
Revenue Growth
Market Cap
Performance Decomposition
1Y
3Y
5Y
Market capitalization of MKTX decreased by 26.01% 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.
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FAQ
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