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Tradeweb MarketsTW +0.89%87 EV-to-OCF is 17.87 as of Aug. 23, 2026, which is 34% below its 10-year median of 27.26. GuruFocus rates TW with a GF Score™ of 87/100 and a GF Value™ of $167.86 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 808 Capital Markets companies, Tradeweb Markets ranks worse than 81.93% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Tradeweb Markets's Enterprise Value is $21,378 Mil.
Tradeweb Markets's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $1,196 Mil. Therefore, Tradeweb Markets's EV-to-OCF for today is 17.87.
The historical rank and industry rank for Tradeweb Markets's EV-to-OCF or its related term are showing as below:
TW'
s EV-to-OCF Range Over the Past 10 Years
Min: 15.56 Med: 27.26 Max: 39.66
Current: 17.87
During the past 10 years, the highest EV-to-OCF of Tradeweb Markets was 39.66. The lowest was 15.56. And the median was 27.26.
TW's EV-to-OCF is ranked worse than 81.93% of 808
companies
in the Capital Markets industry
Industry Median: -0.51
vs TW: 17.87
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Tradeweb Markets's PE Ratio (TTM) for today is calculated as:
Tradeweb Markets's share price for today is $107.04.
Tradeweb Markets's Earnings per Share (Diluted) 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 $4.180.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Tradeweb Markets EV-to-OCF Related Terms
Tradeweb Markets EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Tradeweb Markets's EV-to-OCF 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, Tradeweb Markets's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Tradeweb Markets's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Tradeweb Markets's EV-to-OCF falls into.
Tradeweb Markets's current Enterprise Value is $21,378 Mil.
Tradeweb Markets's Cash Flow from Operations 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 $1,196 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.
Tradeweb Markets (TW) has a EV-to-OCF of 17.87 as of Aug. 23, 2026. This is 34% below median its historical median of 27.26. Over the past decade, Tradeweb Markets' EV-to-OCF has ranged from 15.56 to 39.66. According to the industry distribution chart, Tradeweb Markets ranks #662 out of 808 companies in the Capital Markets industry, placing it in the top 81.9%.
Is Tradeweb Markets' EV-to-OCF too high?
Tradeweb Markets' current EV-to-OCF of 17.87 is 34% below median its 10-year median of 27.26. Over the past 10 years, this metric has ranged from a low of 15.56 to a high of 39.66. Based on the distribution chart, Tradeweb Markets ranks #662 out of 808 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' EV-to-OCF compare to LPLA and CRCL?
According to the Capital Markets industry distribution chart, Tradeweb Markets ranks #662 out of 808 companies for EV-to-OCF. This places Tradeweb Markets in the lower half of its industry. Historically, Tradeweb Markets' own EV-to-OCF has ranged from 15.56 to 39.66 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Capital Markets company?
A good EV-to-OCF depends on the Capital Markets industry context. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. Tradeweb Markets's current EV-to-OCF is 17.87, which is 34% below median its own 10-year median of 27.26. 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 $167.86, compared to a current price of $107.04 — trading 36.2% below its estimated fair value. The current EV-to-OCF is 17.87, which is 34% below median its 10-year median of 27.26. 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 EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Tradeweb Markets (TW), the current EV-to-OCF is 17.87 as of Aug. 23, 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 $107.04 is trading 36.2% below its estimated GF Value™ of $167.86.
GuruFocus considers Tradeweb Markets to be Significantly Undervalued.
Key valuation signals for TW:
EV-to-OCF: 17.87 (34% below median its 10-year median of 27.26)
GF Value™: $167.86 vs. price of $107.04 (36.2% below fair value)
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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