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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, MarketAxess Holdings's Enterprise Value is €4,910.6 Mil.
MarketAxess Holdings's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €320.8 Mil. Therefore, MarketAxess Holdings's EV-to-EBIT ratio for today is 15.31.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, MarketAxess Holdings's Enterprise Value is €4,910.6 Mil.
MarketAxess Holdings's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €391.0 Mil. Therefore, MarketAxess Holdings's EV-to-EBITDA ratio for today is 12.56.
*** 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.
MarketAxess Holdings (FRA:MWI) 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.
MarketAxess Holdings's current Enterprise Value is €4,910.6 Mil.
MarketAxess Holdings'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 €320.8 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
MarketAxess Holdings's current Enterprise Value is €4,910.6 Mil.
MarketAxess Holdings'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 €391.0 Mil.
MarketAxess Holdings's current Enterprise Value is €4,910.6 Mil.
MarketAxess Holdings'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 €748.2 Mil.
MarketAxess Holdings's current Enterprise Value is €4,910.6 Mil.
MarketAxess Holdings'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 €237.1 Mil.
MarketAxess Holdings's current Enterprise Value is €4,910.6 Mil.
MarketAxess Holdings'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 €186.8 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 Enterprise Value Related Terms
MarketAxess Holdings Enterprise Value Historical Data
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The historical data trend for MarketAxess Holdings'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:MWI vs MIAX, GLXY, LAZ: Enterprise Value Comparison
For the Capital Markets subindustry, MarketAxess Holdings'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.
MarketAxess Holdings Enterprise Value vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, MarketAxess Holdings's Enterprise Value distribution charts can be found below:
* The bar in red indicates where MarketAxess Holdings'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.
MarketAxess Holdings'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.
What does a Enterprise Value of €4,910.6 Mil mean?
MarketAxess Holdings (FRA:MWI) has a Enterprise Value of €4,910.6 Mil as of Aug. 02, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on MarketAxess Holdings and its competitors.
Is MarketAxess Holdings' Enterprise Value too high?
MarketAxess Holdings' current Enterprise Value is €4,910.6 Mil. Overall, MarketAxess Holdings has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MarketAxess Holdings' Enterprise Value compare to MIAX and GLXY?
MarketAxess Holdings' Enterprise Value of €4,910.6 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 MarketAxess Holdings and its competitors. MarketAxess Holdings's current Enterprise Value is €4,910.6 Mil. 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 (FRA:MWI) is currently considered Significantly Undervalued. The stock's GF Value™ is €219.17, compared to a current price of €139.75 — trading 36.2% below its estimated fair value. The current Enterprise Value is €4,910.6 Mil. MarketAxess Holdings' overall GF Score™ is 74/100 with 5 warning signs 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 MarketAxess Holdings (FRA:MWI), the current Enterprise Value is €4,910.6 Mil as of Aug. 02, 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 (FRA:MWI) Overvalued in 2026?
Based on GuruFocus' analysis, MarketAxess Holdings stock appears to be undervalued.
The current stock price of €139.75 is trading 36.2% below its estimated GF Value™ of €219.17.
GuruFocus considers MarketAxess Holdings to be Significantly Undervalued.
Key valuation signals for FRA:MWI:
Enterprise Value: €4,910.6 Mil
GF Value™: €219.17 vs. price of €139.75 (36.2% below fair value)
No single metric tells the full story. See the FRA:MWI 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.
74GF Score
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Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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