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As of today (2024-04-27), MarketAxess Holdings's current share price is $201.79. MarketAxess Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $15.70. MarketAxess Holdings's Cyclically Adjusted PS Ratio for today is 12.85.
The historical rank and industry rank for MarketAxess Holdings's Cyclically Adjusted PS Ratio or its related term are showing as below:
During the past years, MarketAxess Holdings's highest Cyclically Adjusted PS Ratio was 60.14. The lowest was 10.23. And the median was 28.10.
MKTX's Cyclically Adjusted PS Ratio is ranked worse thanThe 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.
MarketAxess Holdings's adjusted revenue per share data for the three months ended in Dec. 2023 was $5.217. 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 $15.70 for the trailing ten years ended in Dec. 2023.
The historical data trend for MarketAxess Holdings'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.
MarketAxess Holdings Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Cyclically Adjusted PS Ratio | Get a 7-Day Free Trial | 19.85 | 26.72 | 17.35 | 13.83 | 18.65 |
For the Capital Markets subindustry, MarketAxess Holdings'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.
For the Capital Markets industry and Financial Services sector, MarketAxess Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where MarketAxess Holdings's Cyclically Adjusted PS Ratio falls into.
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.
MarketAxess Holdings's Cyclically Adjusted PS Ratio for today is calculated as
Cyclically Adjusted PS Ratio | = | Share Price | / | Cyclically Adjusted Revenue per Share |
= | 201.79 | / | 15.7 | |
= | 12.85 |
* 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's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:
For example, MarketAxess Holdings's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:
Adj_RevenuePerShare | = | Revenue per Share | / | CPI of Dec. 2023 (Change) | * | Current CPI (Dec. 2023) |
= | 5.217 | / | 129.4194 | * | 129.4194 | |
= | 5.217 |
Current CPI (Dec. 2023) = 129.4194.
MarketAxess Holdings Quarterly Data
Revenue per Share | CPI | Adj_RevenuePerShare | |
201403 | 1.664 | 99.695 | 2.160 |
201406 | 1.712 | 100.560 | 2.203 |
201409 | 1.699 | 100.428 | 2.189 |
201412 | 1.860 | 99.070 | 2.430 |
201503 | 2.040 | 99.621 | 2.650 |
201506 | 2.005 | 100.684 | 2.577 |
201509 | 1.971 | 100.392 | 2.541 |
201512 | 2.036 | 99.792 | 2.640 |
201603 | 2.351 | 100.470 | 3.028 |
201606 | 2.560 | 101.688 | 3.258 |
201609 | 2.389 | 101.861 | 3.035 |
201612 | 2.444 | 101.863 | 3.105 |
201703 | 2.721 | 102.862 | 3.424 |
201706 | 2.552 | 103.349 | 3.196 |
201709 | 2.514 | 104.136 | 3.124 |
201712 | 2.597 | 104.011 | 3.231 |
201803 | 3.028 | 105.290 | 3.722 |
201806 | 2.825 | 106.317 | 3.439 |
201809 | 2.682 | 106.507 | 3.259 |
201812 | 2.971 | 105.998 | 3.627 |
201903 | 3.291 | 107.251 | 3.971 |
201906 | 3.310 | 108.070 | 3.964 |
201909 | 3.464 | 108.329 | 4.138 |
201912 | 3.407 | 108.420 | 4.067 |
202003 | 4.438 | 108.902 | 5.274 |
202006 | 4.844 | 108.767 | 5.764 |
202009 | 4.298 | 109.815 | 5.065 |
202012 | 4.487 | 109.897 | 5.284 |
202103 | 5.123 | 111.754 | 5.933 |
202106 | 4.628 | 114.631 | 5.225 |
202109 | 4.256 | 115.734 | 4.759 |
202112 | 4.338 | 117.630 | 4.773 |
202203 | 4.919 | 121.301 | 5.248 |
202206 | 4.845 | 125.017 | 5.016 |
202209 | 4.581 | 125.227 | 4.734 |
202212 | 4.735 | 125.222 | 4.894 |
202303 | 5.397 | 127.348 | 5.485 |
202306 | 4.785 | 128.729 | 4.811 |
202309 | 4.585 | 129.860 | 4.569 |
202312 | 5.217 | 129.419 | 5.217 |
Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.
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.
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.
Thank you for viewing the detailed overview of MarketAxess Holdings's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Kevin M Mcpherson | officer: Global Head of Sales | C/O MARKETAXESS HOLDINGS INC., 299 PARK AVENUE, NEW YORK NY 10171 |
Christopher R Concannon | director, officer: President and COO | BATS GLOBAL MARKETS, 8050 MARSHALL DRIVE, SUITE 120, LENEXA KS 66214 |
Scott Pintoff | officer: General Counsel | C/O MARKETAXESS HOLDINGS, INC., 55 HUDSON YARDS, FLOOR 15, NEW YORK NY 10001 |
Roupie Christophe Pierre Daniel | officer: Head of Europe & Asia | C/O MARKETAXESS HOLDINGS INC., 299 PARK AVENUE, NEW YORK NY 10171 |
Steven L Begleiter | director | 650 MADISON AVENUE, 19TH FLOOR, NEW YORK NY 10022 |
Richard Leon Prager | director | C/O MARKETAXESS HOLDINGS INC., 55 HUDSON YARDS, 15TH FLOOR, NEW YORK NY 10001 |
Nicholas Themelis | officer: Chief Information Officer | C/O MARKETAXESS HOLDINGS INC., 140 BROADWAY, 42ND FLOOR, NEW YORK NY 10005 |
Naineshkumar Shantilal Panchal | officer: Chief Information Officer | C/O MARKETAXESS HOLDINGS INC., 55 HUDSON YARDS, NEW YORK NY 10001 |
Antonio L Delise | officer: Chief Financial Officer | C/O MARKETAXESS HOLDINGS, INC., 299 PARK AVENUE, NEW YORK NY 10171 |
Richard M Mcvey | director, officer: Chairman and CEO | C/O MARKETAXESS HOLDINGS INC., 140 BROADWAY, 42ND FLOOR, NEW YORK NY 10005 |
Christopher N. Gerosa | officer: Chief Financial Officer | C/O PRIMUS ASSET MANAGEMENT, INC., 360 MADISON AVENUE, 23RD FLOOR, NEW YORK NY 10017 |
Xiaojia Charles Li | director | C/O MARKETAXESS HOLDINGS INC., 55 HUDSON YARDS, NEW YORK NY 10001 |
Stephen P Casper | director | C/O CHARTER ATLANTIC CORPORATION, 200 PARK AVENUE, NEW YORK NY 10166 |
Kourtney Gibson | director | C/O MARKETAXESS HOLDINGS INC., 55 HUDSON YARDS, 15TH FLOOR, NEW YORK NY 10001 |
Justin Gerald Gmelich | director | C/O MARKETAXESS HOLDINGS INC., 55 HUDSON YARDS, 15TH FLOOR, NEW YORK NY 10001 |
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