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MarketAxess HoldingsMEX:MKTX 71 Net Current Asset Value is MXN213.31 as of Mar. 2026, which is 100% below its 10-year median of 27.51. GuruFocus rates MEX:MKTX with a GF Score™ of 71/100 and a GF Value™ of MXN4,322.32. The stock has 5 warning signs investors should review. Among 501 Capital Markets companies, MarketAxess Holdings ranks worse than 84.23% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
MarketAxess Holdings's net current asset value per share for the quarter that ended in Mar. 2026 was MXN213.31.
The historical rank and industry rank for MarketAxess Holdings's Net Current Asset Value or its related term are showing as below:
MEX:MKTX'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 10.73 Med: 27.51 Max: 54.95
Current: 13.72
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of MarketAxess Holdings was 54.95. The lowest was 10.73. And the median was 27.51.
MEX:MKTX's Price-to-Net-Current-Asset-Value is ranked worse than 84.23% of 501
companies
in the Capital Markets industry
Industry Median: 2.66
vs MEX:MKTX: 13.72
MarketAxess Holdings (MEX:MKTX) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
MarketAxess Holdings Net Current Asset Value Related Terms
MarketAxess Holdings Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for MarketAxess Holdings's Net Current Asset 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.
MarketAxess Holdings Net Current Asset Value Chart
MEX:MKTX vs MIAX, GLXY, LAZ: Net Current Asset Value Comparison
For the Capital Markets subindustry, MarketAxess Holdings's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-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 Price-to-Net-Current-Asset-Value vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, MarketAxess Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where MarketAxess Holdings's Price-to-Net-Current-Asset-Value falls into.
* 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 Net Current Asset Value of MXN213.31 mean?
MarketAxess Holdings (MEX:MKTX) has a Net Current Asset Value of MXN213.31 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on MarketAxess Holdings and its competitors. This is 675% above median its historical median of 27.51. Over the past decade, MarketAxess Holdings' Net Current Asset Value has ranged from 10.73 to 54.95. According to the industry distribution chart, MarketAxess Holdings ranks #422 out of 501 companies in the Capital Markets industry, placing it in the top 84.2%.
Is MarketAxess Holdings' Net Current Asset Value too high?
MarketAxess Holdings' current Net Current Asset Value of MXN213.31 is 675% above median its 10-year median of 27.51. Over the past 10 years, this metric has ranged from a low of 10.73 to a high of 54.95. Based on the distribution chart, MarketAxess Holdings ranks #422 out of 501 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, MarketAxess Holdings has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does MarketAxess Holdings' Net Current Asset Value compare to MIAX and GLXY?
According to the Capital Markets industry distribution chart, MarketAxess Holdings ranks #422 out of 501 companies for Net Current Asset Value. This places MarketAxess Holdings in the lower half of its industry. The industry median Net Current Asset Value is 2.66. Historically, MarketAxess Holdings' own Net Current Asset Value has ranged from 10.73 to 54.95 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 Net Current Asset Value for a Capital Markets company?
The median Net Current Asset Value among Capital Markets companies is 2.66, based on 501 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset 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 Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on MarketAxess Holdings and its competitors. For the Capital Markets industry, the median Net Current Asset Value is 2.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MarketAxess Holdings's current Net Current Asset Value is MXN213.31, which is 675% above median its own 10-year median of 27.51. 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?
MarketAxess Holdings (MEX:MKTX) has a current Net Current Asset Value of MXN213.31. The stock's GF Value™ is MXN4,322.32, compared to a current price of MXN2,756.00 — trading 36.2% below its estimated fair value. The current Net Current Asset Value is MXN213.31, which is 675% above median its 10-year median of 27.51. MarketAxess Holdings' overall GF Score™ is 71/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For MarketAxess Holdings (MEX:MKTX), the current Net Current Asset Value is MXN213.31 as of Mar. 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 (MEX:MKTX) Overvalued in 2026?
Based on GuruFocus' analysis, MarketAxess Holdings stock appears to be undervalued.
The current stock price of MXN2,756.00 is trading 36.2% below its estimated GF Value™ of MXN4,322.32.
Key valuation signals for MEX:MKTX:
Net Current Asset Value: MXN213.31 (675% above median its 10-year median of 27.51)
GF Value™: MXN4,322.32 vs. price of MXN2,756.00 (36.2% below fair value)
No single metric tells the full story. See the MEX:MKTX 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.
71GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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