MarketAxess Holdings Inc stock PB Ratio (=3.4) is close to 10-year low of 3.36.
The historical rank and industry rank for MarketAxess Holdings's PB Ratio or its related term are showing as below:
MEX:MKTX'
s PB Ratio Range Over the Past 10 Years
Min: 3.36 Med: 13.3 Max: 24.72
Current: 3.4
During the past 13 years, MarketAxess Holdings's highest PB Ratio was 24.72. The lowest was 3.36. And the median was 13.30.
MEX:MKTX's PB Ratio is ranked worse than 78.82% of 779
companies
in the Capital Markets industry
Industry Median: 1.36
vs MEX:MKTX: 3.40
During the past 12 months, MarketAxess Holdings's average Book Value Per Share Growth Rate was -6.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 3.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 6.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 13.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of MarketAxess Holdings was 22.50% per year. The lowest was -7.50% per year. And the median was 10.70% per year.
Back to Basics: PB Ratio
MarketAxess Holdings (MEX:MKTX) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
MarketAxess Holdings PB Ratio Related Terms
MarketAxess Holdings PB Ratio Historical Data
* Premium members only.
The historical data trend for MarketAxess Holdings's PB Ratio 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.
For the Capital Markets subindustry, MarketAxess Holdings's PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, MarketAxess Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where MarketAxess Holdings's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
MarketAxess Holdings (MEX:MKTX) has a PB Ratio of 4.56 as of Jul. 12, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on MarketAxess Holdings and its competitors. This is 66% below median its historical median of 13.30. Over the past decade, MarketAxess Holdings' PB Ratio has ranged from 3.36 to 24.72. According to the industry distribution chart, MarketAxess Holdings ranks #614 out of 779 companies in the Capital Markets industry, placing it in the top 78.8%.
Is MarketAxess Holdings' PB Ratio too high?
MarketAxess Holdings' current PB Ratio of 4.56 is 66% below median its 10-year median of 13.30. Over the past 10 years, this metric has ranged from a low of 3.36 to a high of 24.72. The Capital Markets industry median PB Ratio is 1.36. MarketAxess Holdings' value of 4.56 is 235.3% above this industry median. Based on the distribution chart, MarketAxess Holdings ranks #614 out of 779 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, MarketAxess Holdings has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does MarketAxess Holdings' PB Ratio compare to LAZ and PJT?
According to the Capital Markets industry distribution chart, MarketAxess Holdings ranks #614 out of 779 companies for PB Ratio. This places MarketAxess Holdings in the lower half of its industry. The industry median PB Ratio is 1.36. MarketAxess Holdings' value of 4.56 is 235.3% above this benchmark. Historically, MarketAxess Holdings' own PB Ratio has ranged from 3.36 to 24.72 over the past decade. While the company's 10-year median is 13.30 vs. the industry median of 1.36, MarketAxess Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Capital Markets company?
The median PB Ratio among Capital Markets companies is 1.36, based on 779 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MarketAxess Holdings's current PB Ratio of 4.56 is 235.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on MarketAxess Holdings and its competitors. For the Capital Markets industry, the median PB Ratio is 1.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MarketAxess Holdings's current PB Ratio is 4.56, which is 66% below median its own 10-year median of 13.30. 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 PB Ratio of 4.56. The stock's GF Value™ is MXN6,136.25, compared to a current price of MXN2,756.00 — trading 55.1% below its estimated fair value. The current PB Ratio is 4.56, which is 66% below median its 10-year median of 13.30 and 235.3% above the Capital Markets industry median of 1.36. MarketAxess Holdings' overall GF Score™ is 69/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For MarketAxess Holdings (MEX:MKTX), the current PB Ratio is 4.56 as of Jul. 12, 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 55.1% below its estimated GF Value™ of MXN6,136.25.
Key valuation signals for MEX:MKTX:
PB Ratio: 4.56 (66% below median its 10-year median of 13.30)
GF Value™: MXN6,136.25 vs. price of MXN2,756.00 (55.1% below fair value)
Industry Position: 235.3% above the Capital Markets median (#614 of 779)
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.
69GF Score
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