Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Tradeweb Markets's share price for the quarter that ended in Mar. 2026 was €102. Tradeweb Markets's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 213 Mil. Therefore, Tradeweb Markets's market cap for the quarter that ended in Mar. 2026 was €21,723 Mil.
Tradeweb Markets's quarterly market cap
declined
from Sep. 2025 (€19,954 Mil) to Dec. 2025 (€19,225 Mil) but then
increased
from Dec. 2025 (€19,225 Mil) to Mar. 2026 (€21,723 Mil).
Tradeweb Markets's annual market cap
increased
from Dec. 2023 (€17,280 Mil) to Dec. 2024 (€27,466 Mil) but then
declined
from Dec. 2024 (€27,466 Mil) to Dec. 2025 (€19,225 Mil).
Enterprise Value is 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 and cash equivalents. Tradeweb Markets's Enterprise Value for Today is €18,008 Mil.
Tradeweb Markets (FRA:4T0) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Tradeweb Markets Market Cap Related Terms
Tradeweb Markets Market Cap Historical Data
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The historical data trend for Tradeweb Markets's Market Cap 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: Market Cap Comparison
For the Capital Markets subindustry, Tradeweb Markets's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Tradeweb Markets's Market Cap distribution charts can be found below:
* The bar in red indicates where Tradeweb Markets's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Tradeweb Markets's Market Cap 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 Market Cap of €18,980 Mil as of Jul. 02, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Tradeweb Markets and its competitors. According to the industry distribution chart, Tradeweb Markets ranks #30 out of 831 companies in the Capital Markets industry, placing it in the top 3.6%.
Is Tradeweb Markets' Market Cap too high?
Tradeweb Markets' current Market Cap is €18,980 Mil. Based on the distribution chart, Tradeweb Markets ranks #30 out of 831 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. 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' Market Cap compare to LPLA and CRCL?
According to the Capital Markets industry distribution chart, Tradeweb Markets ranks #30 out of 831 companies for Market Cap. This places Tradeweb Markets in the top 4% of its industry — outperforming the majority of peers. The industry median Market Cap is 55.91. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Capital Markets company?
The median Market Cap among Capital Markets companies is 55.91, based on 831 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Tradeweb Markets and its competitors. For the Capital Markets industry, the median Market Cap is 55.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tradeweb Markets's current Market Cap is €18,980 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 €140.66, compared to a current price of €86.08 — trading 38.8% below its estimated fair value. The current Market Cap is €18,980 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 Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Tradeweb Markets (FRA:4T0), the current Market Cap is €18,980 Mil as of Jul. 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 Tradeweb Markets (FRA:4T0) Overvalued in 2026?
Based on GuruFocus' analysis, Tradeweb Markets stock appears to be undervalued.
The current stock price of €86.08 is trading 38.8% below its estimated GF Value™ of €140.66.
GuruFocus considers Tradeweb Markets to be Significantly Undervalued.
Key valuation signals for FRA:4T0:
Market Cap: €18,980 Mil
GF Value™: €140.66 vs. price of €86.08 (38.8% 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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