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Tradeweb MarketsTW -3.21%87 Cyclically Adjusted PS Ratio is 15.79 as of Jul. 22, 2026, which is 14% below its 10-year median of 18.41. GuruFocus rates TW with a GF Score™ of 87/100 and a GF Value™ of $166.95 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 605 Capital Markets companies, Tradeweb Markets ranks worse than 89.26% on this metric.
The historical rank and industry rank for Tradeweb Markets's Cyclically Adjusted PS Ratio or its related term are showing as below:
TW'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 16.33 Med: 18.41 Max: 20.32
Current: 16.33
During the past 10 years, Tradeweb Markets's highest Cyclically Adjusted PS Ratio was 20.32. The lowest was 16.33. And the median was 18.41.
TW's Cyclically Adjusted PS Ratio is ranked worse than 89.26% of 605
companies
in the Capital Markets industry
Industry Median: 3.34
vs TW: 16.33
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.
Tradeweb Markets's adjusted revenue per share data of for the fiscal year that ended in Dec25 was $9.551. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $6.16 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Tradeweb Markets (NAS:TW) Cyclically Adjusted PS Ratio Explanation
Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.
Tradeweb Markets Cyclically Adjusted PS Ratio Related Terms
Tradeweb Markets Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Tradeweb Markets's Cyclically Adjusted PS 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.
Tradeweb Markets Cyclically Adjusted PS Ratio Chart
TW vs LPLA, CRCL, IREN: Cyclically Adjusted PS Ratio Comparison
For the Capital Markets subindustry, Tradeweb Markets's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.
Tradeweb Markets Cyclically Adjusted PS Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Tradeweb Markets's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Tradeweb Markets's Cyclically Adjusted PS Ratio falls into.
Tradeweb Markets Cyclically Adjusted PS Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.
Tradeweb Markets's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
What does a Cyclically Adjusted PS Ratio of 15.79 mean?
Tradeweb Markets (TW) has a Cyclically Adjusted PS Ratio of 15.79 as of Jul. 22, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Tradeweb Markets and its competitors. This is 14% below median its historical median of 18.41. Over the past decade, Tradeweb Markets' Cyclically Adjusted PS Ratio has ranged from 16.33 to 20.32. According to the industry distribution chart, Tradeweb Markets ranks #540 out of 605 companies in the Capital Markets industry, placing it in the top 89.3%.
Is Tradeweb Markets' Cyclically Adjusted PS Ratio too high?
Tradeweb Markets' current Cyclically Adjusted PS Ratio of 15.79 is 14% below median its 10-year median of 18.41. Over the past 10 years, this metric has ranged from a low of 16.33 to a high of 20.32. The Capital Markets industry median Cyclically Adjusted PS Ratio is 3.34. Tradeweb Markets' value of 15.79 is 372.8% above this industry median. Based on the distribution chart, Tradeweb Markets ranks #540 out of 605 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Tradeweb Markets has a GF Score™ of 87/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tradeweb Markets' Cyclically Adjusted PS Ratio compare to LPLA and CRCL?
According to the Capital Markets industry distribution chart, Tradeweb Markets ranks #540 out of 605 companies for Cyclically Adjusted PS Ratio. This places Tradeweb Markets in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.34. Tradeweb Markets' value of 15.79 is 372.8% above this benchmark. Historically, Tradeweb Markets' own Cyclically Adjusted PS Ratio has ranged from 16.33 to 20.32 over the past decade. While the company's 10-year median is 18.41 vs. the industry median of 3.34, Tradeweb Markets has consistently been above 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 Cyclically Adjusted PS Ratio for a Capital Markets company?
The median Cyclically Adjusted PS Ratio among Capital Markets companies is 3.34, based on 605 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tradeweb Markets's current Cyclically Adjusted PS Ratio of 15.79 is 372.8% above 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 Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Tradeweb Markets and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PS Ratio is 3.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tradeweb Markets's current Cyclically Adjusted PS Ratio is 15.79, which is 14% below median its own 10-year median of 18.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tradeweb Markets stock overvalued right now?
Based on GuruFocus' analysis, Tradeweb Markets (TW) is currently considered Significantly Undervalued. The stock's GF Value™ is $166.95, compared to a current price of $97.25 — trading 41.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 15.79, which is 14% below median its 10-year median of 18.41 and 372.8% above the Capital Markets industry median of 3.34. Tradeweb Markets' overall GF Score™ is 87/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Tradeweb Markets (TW), the current Cyclically Adjusted PS Ratio is 15.79 as of Jul. 22, 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 Tradeweb Markets (TW) Overvalued in 2026?
Based on GuruFocus' analysis, Tradeweb Markets stock appears to be undervalued.
The current stock price of $97.25 is trading 41.7% below its estimated GF Value™ of $166.95.
GuruFocus considers Tradeweb Markets to be Significantly Undervalued.
Key valuation signals for TW:
Cyclically Adjusted PS Ratio: 15.79 (14% below median its 10-year median of 18.41)
GF Value™: $166.95 vs. price of $97.25 (41.7% below fair value)
Industry Position: 372.8% above the Capital Markets median (#540 of 605)
No single metric tells the full story. See the TW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1998 and headquartered in New York City, Tradeweb Markets is a leading fixed-income trading platform. While it does offer electronic processing for some voice-negotiated trades, the company focuses primarily on providing electronic trading networks that connect broker/dealers, institutional clients, and retail customers. While the company offers trading in a wide variety of products, the bulk of its business is in US and European government debt, mortgage-backed securities, interest-rate swaps, and US and international corporate bonds. The firm also sells fixed-income trading and price data, primarily through a deal with Refinitiv's Eikon service.
87GF Score
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