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MarketAxess HoldingsMKTX +0.02%71 EV-to-EBIT is 15.13 as of Aug. 20, 2026, which is 57% below its 10-year median of 35.00. GuruFocus rates MKTX with a GF Score™ of 71/100 and a GF Value™ of $247.33 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 495 Capital Markets companies, MarketAxess Holdings ranks worse than 63.84% on this metric.
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
MarketAxess Holdings's Enterprise Value for the quarter that ended in Jun. 2026 was $3,941.4 Mil.
MarketAxess Holdings's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $373.0 Mil.
* 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 EV-to-EBIT Related Terms
MarketAxess Holdings EV-to-EBIT Historical Data
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The historical data trend for MarketAxess Holdings's EV-to-EBIT 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.
For the Capital Markets subindustry, MarketAxess Holdings's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, MarketAxess Holdings's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where MarketAxess Holdings's EV-to-EBIT falls into.
MarketAxess Holdings's current Enterprise Value is $5,641.1 Mil.
MarketAxess Holdings's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $373.0 Mil.
* 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 (MKTX) has a EV-to-EBIT of 15.13 as of Aug. 20, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on MarketAxess Holdings and its competitors. This is 57% below median its historical median of 35.00. Over the past decade, MarketAxess Holdings' EV-to-EBIT has ranged from 10.32 to 69.05. According to the industry distribution chart, MarketAxess Holdings ranks #316 out of 495 companies in the Capital Markets industry, placing it in the top 63.8%.
Is MarketAxess Holdings' EV-to-EBIT too high?
MarketAxess Holdings' current EV-to-EBIT of 15.13 is 57% below median its 10-year median of 35.00. Over the past 10 years, this metric has ranged from a low of 10.32 to a high of 69.05. The Capital Markets industry median EV-to-EBIT is 9.75. MarketAxess Holdings' value of 15.13 is 55.2% above this industry median. Based on the distribution chart, MarketAxess Holdings ranks #316 out of 495 companies in the Capital Markets industry, which is below the industry midpoint. Overall, MarketAxess Holdings has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does MarketAxess Holdings' EV-to-EBIT compare to MIAX and GLXY?
According to the Capital Markets industry distribution chart, MarketAxess Holdings ranks #316 out of 495 companies for EV-to-EBIT. This places MarketAxess Holdings in the lower half of its industry. The industry median EV-to-EBIT is 9.75. MarketAxess Holdings' value of 15.13 is 55.2% above this benchmark. Historically, MarketAxess Holdings' own EV-to-EBIT has ranged from 10.32 to 69.05 over the past decade. While the company's 10-year median is 35.00 vs. the industry median of 9.75, MarketAxess Holdings 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 EV-to-EBIT for a Capital Markets company?
The median EV-to-EBIT among Capital Markets companies is 9.75, based on 495 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MarketAxess Holdings's current EV-to-EBIT of 15.13 is 55.2% 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on MarketAxess Holdings and its competitors. For the Capital Markets industry, the median EV-to-EBIT is 9.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MarketAxess Holdings's current EV-to-EBIT is 15.13, which is 57% below median its own 10-year median of 35.00. 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?
Based on GuruFocus' analysis, MarketAxess Holdings (MKTX) is currently considered Possible Value Trap. The stock's GF Value™ is $247.33, compared to a current price of $161.78 — trading 34.6% below its estimated fair value. The current EV-to-EBIT is 15.13, which is 57% below median its 10-year median of 35.00 and 55.2% above the Capital Markets industry median of 9.75. MarketAxess Holdings' overall GF Score™ is 71/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For MarketAxess Holdings (MKTX), the current EV-to-EBIT is 15.13 as of Aug. 20, 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 (MKTX) Overvalued in 2026?
Based on GuruFocus' analysis, MarketAxess Holdings stock appears to be undervalued.
The current stock price of $161.78 is trading 34.6% below its estimated GF Value™ of $247.33.
GuruFocus considers MarketAxess Holdings to be Possible Value Trap.
Key valuation signals for MKTX:
EV-to-EBIT: 15.13 (57% below median its 10-year median of 35.00)
GF Value™: $247.33 vs. price of $161.78 (34.6% below fair value)
Industry Position: 55.2% above the Capital Markets median (#316 of 495)
No single metric tells the full story. See the 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.
71GF Score
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