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MarketAxess Holdings (FRA:MWI) PB Ratio : 6.18 (As of May. 22, 2024)


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What is MarketAxess Holdings PB Ratio?

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. As of today (2024-05-22), MarketAxess Holdings's share price is €197.65. MarketAxess Holdings's Book Value per Share for the quarter that ended in Mar. 2024 was €31.97. Hence, MarketAxess Holdings's PB Ratio of today is 6.18.

Good Sign:

MarketAxess Holdings Inc stock PB Ratio (=6.26) is close to 5-year low of 5.81

The historical rank and industry rank for MarketAxess Holdings's PB Ratio or its related term are showing as below:

FRA:MWI' s PB Ratio Range Over the Past 10 Years
Min: 5.53   Med: 12.77   Max: 24.72
Current: 6.26

During the past 13 years, MarketAxess Holdings's highest PB Ratio was 24.72. The lowest was 5.53. And the median was 12.77.

FRA:MWI's PB Ratio is ranked worse than
90.26% of 760 companies
in the Capital Markets industry
Industry Median: 1.325 vs FRA:MWI: 6.26

During the past 12 months, MarketAxess Holdings's average Book Value Per Share Growth Rate was 16.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 10.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 14.90% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 16.20% 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 12.30% per year.

Back to Basics: PB Ratio


MarketAxess Holdings PB Ratio Historical Data

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.

* Premium members only.

MarketAxess Holdings PB Ratio Chart

MarketAxess Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.17 22.13 14.88 9.75 8.52

MarketAxess Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.85 8.37 6.65 8.52 6.28

Competitive Comparison of MarketAxess Holdings's PB Ratio

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's PB Ratio Distribution in the 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.



MarketAxess Holdings PB Ratio Calculation

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.

MarketAxess Holdings's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2024)
=197.65/31.967
=6.18

* 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  (FRA:MWI) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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

Thank you for viewing the detailed overview of MarketAxess Holdings's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


MarketAxess Holdings (FRA:MWI) Business Description

Traded in Other Exchanges
Address
55 Hudson Yards, 15th Floor, New York, NY, USA, 10001
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 U.S. 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.

MarketAxess Holdings (FRA:MWI) Headlines

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