The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. MarketAxess Holdings's current ratio for the quarter that ended in Mar. 2026 was 1.99.
MarketAxess Holdings has a current ratio of 1.99. It generally indicates good short-term financial strength.
The historical rank and industry rank for MarketAxess Holdings's Current Ratio or its related term are showing as below:
MEX:MKTX'
s Current Ratio Range Over the Past 10 Years
Min: 1.99 Med: 3.81 Max: 15.31
Current: 1.99
During the past 13 years, MarketAxess Holdings's highest Current Ratio was 15.31. The lowest was 1.99. And the median was 3.81.
MEX:MKTX's Current Ratio is ranked worse than 54.78% of 690
companies
in the Capital Markets industry
Industry Median: 2.27
vs MEX:MKTX: 1.99
MarketAxess Holdings (MEX:MKTX) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
MarketAxess Holdings Current Ratio Related Terms
MarketAxess Holdings Current Ratio Historical Data
* Premium members only.
The historical data trend for MarketAxess Holdings's Current Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MEX:MKTX vs LAZ, PJT, CLSK: Current Ratio Comparison
For the Capital Markets subindustry, MarketAxess Holdings's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
MarketAxess Holdings Current Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, MarketAxess Holdings's Current Ratio distribution charts can be found below:
* The bar in red indicates where MarketAxess Holdings's Current Ratio falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MarketAxess Holdings (MEX:MKTX) has a Current Ratio of 1.99 as of Mar. 2026. This is 48% below median its historical median of 3.81. Over the past decade, MarketAxess Holdings' Current Ratio has ranged from 1.99 to 15.31. According to the industry distribution chart, MarketAxess Holdings ranks #378 out of 690 companies in the Capital Markets industry, placing it in the top 54.8%.
Is MarketAxess Holdings' Current Ratio too high?
MarketAxess Holdings' current Current Ratio of 1.99 is 48% below median its 10-year median of 3.81. Over the past 10 years, this metric has ranged from a low of 1.99 to a high of 15.31. The Capital Markets industry median Current Ratio is 2.27. MarketAxess Holdings' value of 1.99 is 12.3% below this industry median. Based on the distribution chart, MarketAxess Holdings ranks #378 out of 690 companies in the Capital Markets industry, which is below the industry midpoint. Overall, MarketAxess Holdings has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does MarketAxess Holdings' Current Ratio compare to LAZ and PJT?
According to the Capital Markets industry distribution chart, MarketAxess Holdings ranks #378 out of 690 companies for Current Ratio. This places MarketAxess Holdings in the lower half of its industry. The industry median Current Ratio is 2.27. MarketAxess Holdings' value of 1.99 is 12.3% below this benchmark. Historically, MarketAxess Holdings' own Current Ratio has ranged from 1.99 to 15.31 over the past decade. While the company's 10-year median is 3.81 vs. the industry median of 2.27, MarketAxess Holdings has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for a Capital Markets company?
The median Current Ratio among Capital Markets companies is 2.27, based on 690 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MarketAxess Holdings's current Current Ratio of 1.99 is 12.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Capital Markets industry, the median Current Ratio is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MarketAxess Holdings's current Current Ratio is 1.99, which is 48% below median its own 10-year median of 3.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MarketAxess Holdings stock overvalued right now?
MarketAxess Holdings (MEX:MKTX) has a current Current Ratio of 1.99. The stock's GF Value™ is MXN6,136.25, compared to a current price of MXN2,756.00 — trading 55.1% below its estimated fair value. The current Current Ratio is 1.99, which is 48% below median its 10-year median of 3.81 and 12.3% below the Capital Markets industry median of 2.27. MarketAxess Holdings' overall GF Score™ is 69/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For MarketAxess Holdings (MEX:MKTX), the current Current Ratio is 1.99 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is MarketAxess Holdings (MEX:MKTX) Overvalued in 2026?
Based on GuruFocus' analysis, MarketAxess Holdings stock appears to be undervalued.
The current stock price of MXN2,756.00 is trading 55.1% below its estimated GF Value™ of MXN6,136.25.
Key valuation signals for MEX:MKTX:
Current Ratio: 1.99 (48% below median its 10-year median of 3.81)
GF Value™: MXN6,136.25 vs. price of MXN2,756.00 (55.1% below fair value)
Industry Position: 12.3% below the Capital Markets median (#378 of 690)
No single metric tells the full story. See the MEX:MKTX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 2000, MarketAxess is a leading electronic fixed-income trading platform that connects broker/dealers and institutional investors. The company is primarily focused on credit based fixed income securities with its main trading products being US investment-grade and high-yield bonds, Eurobonds, and Emerging Market corporate debt. Recently the company has expanded more aggressively into Treasuries and municipal bonds with the acquisitions of LiquidityEdge and MuniBrokers in 2019 and 2021, respectively. The company also provides pre- and post-trade services with its acquisition of Regulatory Reporting Hub from Deutsche Börse Group in 2020 adding to its product offerings.
69GF Score
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