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Tradeweb MarketsFRA:4T0 -1.23%94 Return-on-Tangible-Equity is 41.04% as of Mar. 2026, which is 22% below its 10-year median of 52.40. GuruFocus rates FRA:4T0 with a GF Score™ of 94/100 and a GF Value™ of €140.53 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 783 Capital Markets companies, Tradeweb Markets ranks better than 92.21% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Tradeweb Markets's annualized net income for the quarter that ended in Mar. 2026 was €710 Mil. Tradeweb Markets's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €1,731 Mil. Therefore, Tradeweb Markets's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 41.04%.
The historical rank and industry rank for Tradeweb Markets's Return-on-Tangible-Equity or its related term are showing as below:
FRA:4T0'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 30.65 Med: 52.4 Max: 65.66
Current: 51.71
During the past 10 years, Tradeweb Markets's highest Return-on-Tangible-Equity was 65.66%. The lowest was 30.65%. And the median was 52.40%.
FRA:4T0's Return-on-Tangible-Equity is ranked better than 92.21% of 783
companies
in the Capital Markets industry
Industry Median: 6.45
vs FRA:4T0: 51.71
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Tradeweb Markets Return-on-Tangible-Equity Related Terms
Tradeweb Markets Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Tradeweb Markets's Return-on-Tangible-Equity 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: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, Tradeweb Markets's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Tradeweb Markets's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Tradeweb Markets's Return-on-Tangible-Equity 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 41.04% mean?
Tradeweb Markets (FRA:4T0) has a Return-on-Tangible-Equity of 41.04% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Tradeweb Markets and its competitors. This is 22% below median its historical median of 52.40. Over the past decade, Tradeweb Markets' Return-on-Tangible-Equity has ranged from 30.65 to 65.66. According to the industry distribution chart, Tradeweb Markets ranks #61 out of 783 companies in the Capital Markets industry, placing it in the top 7.8%.
Is Tradeweb Markets' Return-on-Tangible-Equity too high?
Tradeweb Markets' current Return-on-Tangible-Equity of 41.04% is 22% below median its 10-year median of 52.40. Over the past 10 years, this metric has ranged from a low of 30.65 to a high of 65.66. The Capital Markets industry median Return-on-Tangible-Equity is 6.45. Tradeweb Markets' value of 41.04% is 536.3% above this industry median. Based on the distribution chart, Tradeweb Markets ranks #61 out of 783 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' Return-on-Tangible-Equity compare to LPLA and CRCL?
According to the Capital Markets industry distribution chart, Tradeweb Markets ranks #61 out of 783 companies for Return-on-Tangible-Equity. This places Tradeweb Markets in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.45. Tradeweb Markets' value of 41.04% is 536.3% above this benchmark. Historically, Tradeweb Markets' own Return-on-Tangible-Equity has ranged from 30.65 to 65.66 over the past decade. While the company's 10-year median is 52.40 vs. the industry median of 6.45, Tradeweb Markets 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 Return-on-Tangible-Equity for a Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.45, based on 783 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tradeweb Markets's current Return-on-Tangible-Equity of 41.04% is 536.3% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Tradeweb Markets and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tradeweb Markets's current Return-on-Tangible-Equity is 41.04%, which is 22% below median its own 10-year median of 52.40. 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 €140.53, compared to a current price of €85.24 — trading 39.3% below its estimated fair value. The current Return-on-Tangible-Equity is 41.04%, which is 22% below median its 10-year median of 52.40 and 536.3% above the Capital Markets industry median of 6.45. 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 Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Tradeweb Markets (FRA:4T0), the current Return-on-Tangible-Equity is 41.04% 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 Tradeweb Markets (FRA:4T0) Overvalued in 2026?
Based on GuruFocus' analysis, Tradeweb Markets stock appears to be undervalued.
The current stock price of €85.24 is trading 39.3% below its estimated GF Value™ of €140.53.
GuruFocus considers Tradeweb Markets to be Significantly Undervalued.
Key valuation signals for FRA:4T0:
Return-on-Tangible-Equity: 41.04% (22% below median its 10-year median of 52.40)
GF Value™: €140.53 vs. price of €85.24 (39.3% below fair value)
Industry Position: 536.3% above the Capital Markets median (#61 of 783)
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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