Tradeweb MarketsFRA:4T0 +2.02%94 Altman Z-Score is 14.83 as of Jul. 03, 2026, which is 4% above its 10-year median of 14.27. GuruFocus rates FRA:4T0 with a GF Score™ of 94/100 and a GF Value™ of €141.66 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 662 Capital Markets companies, Tradeweb Markets ranks better than 84.29% on this metric.
The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.
Good Sign:
Altman Z-score of 14.64 is strong.
Tradeweb Markets has a Altman Z-Score of 14.83, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
The zones of discrimination were as such:
When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.
The historical rank and industry rank for Tradeweb Markets's Altman Z-Score or its related term are showing as below:
FRA:4T0'
s Altman Z-Score Range Over the Past 10 Years
Min: 3.09 Med: 14.27 Max: 24.11
Current: 14.64
During the past 10 years, Tradeweb Markets's highest Altman Z-Score was 24.11. The lowest was 3.09. And the median was 14.27.
X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.
X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.
X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.
X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.
X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.
Altman Z-Score does not apply to financial companies.
Tradeweb Markets Altman Z-Score Related Terms
Tradeweb Markets Altman Z-Score Historical Data
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The historical data trend for Tradeweb Markets's Altman Z-Score 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: Altman Z-Score Comparison
For the Capital Markets subindustry, Tradeweb Markets's Altman Z-Score, along with its competitors' market caps and Altman Z-Score 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 Altman Z-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Tradeweb Markets's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Tradeweb Markets's Altman Z-Score falls into.
Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
Tradeweb Markets's Altman Z-Score for today is calculated with this formula:
Z
=
1.2
*
X1
+
1.4
*
X2
+
3.3
*
X3
+
0.6
*
X4
+
1.0
*
X5
=
1.2
*
0.2169
+
1.4
*
0.208
+
3.3
*
0.1506
+
0.6
*
22.5361
+
1.0
*
0.2589
=
14.83
* 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. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.
Tradeweb Markets (FRA:4T0) has a Altman Z-Score of 14.83 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Tradeweb Markets and its competitors. This is near median its historical median of 14.27. Over the past decade, Tradeweb Markets' Altman Z-Score has ranged from 3.09 to 24.11. According to the industry distribution chart, Tradeweb Markets ranks #104 out of 662 companies in the Capital Markets industry, placing it in the top 15.7%.
Is Tradeweb Markets' Altman Z-Score too high?
Tradeweb Markets' current Altman Z-Score of 14.83 is near median its 10-year median of 14.27. Over the past 10 years, this metric has ranged from a low of 3.09 to a high of 24.11. The Capital Markets industry median Altman Z-Score is 2.55. Tradeweb Markets' value of 14.83 is 481.6% above this industry median. Based on the distribution chart, Tradeweb Markets ranks #104 out of 662 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' Altman Z-Score compare to LPLA and CRCL?
According to the Capital Markets industry distribution chart, Tradeweb Markets ranks #104 out of 662 companies for Altman Z-Score. This places Tradeweb Markets in the top 16% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.55. Tradeweb Markets' value of 14.83 is 481.6% above this benchmark. Historically, Tradeweb Markets' own Altman Z-Score has ranged from 3.09 to 24.11 over the past decade. While the company's 10-year median is 14.27 vs. the industry median of 2.55, 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 Altman Z-Score for a Capital Markets company?
The median Altman Z-Score among Capital Markets companies is 2.55, based on 662 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tradeweb Markets's current Altman Z-Score of 14.83 is 481.6% 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 Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Tradeweb Markets and its competitors. For the Capital Markets industry, the median Altman Z-Score is 2.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tradeweb Markets's current Altman Z-Score is 14.83, which is near median its own 10-year median of 14.27. 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 €141.66, compared to a current price of €87.82 — trading 38% below its estimated fair value. The current Altman Z-Score is 14.83, which is near median its 10-year median of 14.27 and 481.6% above the Capital Markets industry median of 2.55. 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 Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Tradeweb Markets (FRA:4T0), the current Altman Z-Score is 14.83 as of Jul. 03, 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 €87.82 is trading 38% below its estimated GF Value™ of €141.66.
GuruFocus considers Tradeweb Markets to be Significantly Undervalued.
Key valuation signals for FRA:4T0:
Altman Z-Score: 14.83 (near median its 10-year median of 14.27)
GF Value™: €141.66 vs. price of €87.82 (38% below fair value)
Industry Position: 481.6% above the Capital Markets median (#104 of 662)
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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