Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Tradeweb Markets's Enterprise Value is €18,250 Mil.
Tradeweb Markets's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €1,080 Mil. Therefore, Tradeweb Markets's EV-to-EBIT ratio for today is 16.89.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Tradeweb Markets's Enterprise Value is €18,250 Mil.
Tradeweb Markets's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €1,294 Mil. Therefore, Tradeweb Markets's EV-to-EBITDA ratio for today is 14.11.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Tradeweb Markets's Enterprise Value is €18,250 Mil.
Tradeweb Markets's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was €1,858 Mil. Therefore, Tradeweb Markets's EV-to-Revenue ratio for today is 9.82.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Tradeweb Markets (FRA:4T0) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Tradeweb Markets's current Enterprise Value is €18,250 Mil.
Tradeweb Markets's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,080 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Tradeweb Markets's current Enterprise Value is €18,250 Mil.
Tradeweb Markets's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,294 Mil.
Tradeweb Markets's current Enterprise Value is €18,250 Mil.
Tradeweb Markets's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,858 Mil.
Tradeweb Markets's current Enterprise Value is €18,250 Mil.
Tradeweb Markets's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,040 Mil.
Tradeweb Markets's current Enterprise Value is €18,250 Mil.
Tradeweb Markets's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €941 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 Enterprise Value Related Terms
Tradeweb Markets Enterprise Value Historical Data
* Premium members only.
The historical data trend for Tradeweb Markets's Enterprise Value 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.
FRA:4T0 vs LPLA, CRCL, IREN: Enterprise Value Comparison
For the Capital Markets subindustry, Tradeweb Markets's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Tradeweb Markets's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Tradeweb Markets's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Tradeweb Markets's Enterprise Value for the fiscal year that ended in Dec. 2025 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.
Tradeweb Markets (FRA:4T0) has a Enterprise Value of €18,250 Mil as of Jul. 03, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Tradeweb Markets and its competitors.
Is Tradeweb Markets' Enterprise Value too high?
Tradeweb Markets' current Enterprise Value is €18,250 Mil. Overall, Tradeweb Markets has a GF Score™ of 94/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tradeweb Markets' Enterprise Value compare to LPLA and CRCL?
Tradeweb Markets' Enterprise Value of €18,250 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Capital Markets company?
A good Enterprise Value depends on the Capital Markets industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Tradeweb Markets and its competitors. Tradeweb Markets's current Enterprise Value is €18,250 Mil. 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 (FRA:4T0) is currently considered Significantly Undervalued. The stock's GF Value™ is €141.66, compared to a current price of €87.82 — trading 38% below its estimated fair value. The current Enterprise Value is €18,250 Mil. Tradeweb Markets' overall GF Score™ is 94/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Tradeweb Markets (FRA:4T0), the current Enterprise Value is €18,250 Mil as of Jul. 03, 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 (FRA:4T0) Overvalued in 2026?
Based on GuruFocus' analysis, Tradeweb Markets stock appears to be undervalued.
The current stock price of €87.82 is trading 38% below its estimated GF Value™ of €141.66.
GuruFocus considers Tradeweb Markets to be Significantly Undervalued.
Key valuation signals for FRA:4T0:
Enterprise Value: €18,250 Mil
GF Value™: €141.66 vs. price of €87.82 (38% below fair value)
No single metric tells the full story. See the FRA:4T0 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.
94GF Score
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