This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
The historical rank and industry rank for MarketAxess Holdings's Median PS Value or its related term are showing as below:
MKTX'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.53 Med: 1.95 Max: 2.79
Current: 0.6
During the past 13 years, the highest Price to Median PS Value of MarketAxess Holdings was 2.79. The lowest was 0.53. And the median was 1.95.
MKTX's Price-to-Median-PS-Value is ranked better than 86.81% of 364
companies
in the Capital Markets industry
Industry Median: 1.17
vs MKTX: 0.60
MarketAxess Holdings Median PS Value Historical Data
The historical data trend for MarketAxess Holdings's Median PS 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.
Competitive Comparison of MarketAxess Holdings's Median PS Value
For the Capital Markets subindustry, MarketAxess Holdings's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-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's Price-to-Median-PS-Value Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, MarketAxess Holdings's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where MarketAxess Holdings's Price-to-Median-PS-Value falls into.
10-Year Median PS Ratio is 18.5142.
MarketAxess Holdings's Revenue per Share for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $21.524.
* 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 (NAS:MKTX) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
MarketAxess Holdings's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
240.07
/
398.50
=
0.60
* 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 Median PS Value Related Terms
Thank you for viewing the detailed overview of MarketAxess Holdings's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
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 Borse Group in 2020 adding to its product offerings.
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