MarketAxess Holdings (MarketAxess Holdings) GF Value : $324.18 (As of May. 04, 2024)

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What is MarketAxess Holdings GF Value?

The GF Value represents the current intrinsic value of a stock derived from our exclusive method. The GF Value Line on our summary page gives an overview of the fair value that the stock should be traded at. It is calculated based on three factors:

Historical multiples (PE Ratio, PS Ratio, PB Ratio and Price-to-Free-Cash-Flow) that the stock has traded at.
GuruFocus adjustment factor based on the company’s past returns and growth.
Future estimates of the business performance.

We believe the GF Value Line is the fair value that the stock should be traded at. The stock price will most likely fluctuate around the GF Value Line. If the stock price is significantly above the GF Value Line, it is overvalued and its future return is likely to be poor. On the other hand, if it is significantly below the GF Value Line, its future return will likely be higher.

Please note, "Possible Value Trap, Think Twice" is for the companies that look very undervalued, but either in the long term trend of business decline, or in financial distress.

As of today (2024-05-04), MarketAxess Holdings's share price is $203.82. MarketAxess Holdings's GF Value is $324.18. Therefore, MarketAxess Holdings's Price-to-GF-Value for today is 0.63.

Based on the relationship between the current stock price and the GF Value, GuruFocus believes MarketAxess Holdings is Significantly Undervalued.

MarketAxess Holdings (NAS:MKTX) GF Value Explanation

Based on the relationship between the current stock price and the GF Value, GuruFocus provides the following 6 evaluations:

Posssible Evaluations	All-in-One Screener Examples (2)
Possible Value Trap, Think Twice (1)	Predictable Companies that possibly be Value Traps
Significantly Overvalued	Predictable Companies which are Significantly Overvalued
Modestly Overvalued	Predictable Companies which are Modestly Overvalued
Fairly Valued	Predictable High Quality Companies which are Fairly Valued
Modestly Undervalued (3)	Predictable High Quality Companies which are Modestly Undervalued
Significantly Undervalued (3)	Predictable High Quality Companies which are Significantly Undervalued

(1) "Possible Value Trap, Think Twice" is for the companies that look very undervalued, but either in the long term trend of business decline, or in financial distress.

(2) These are some simple examples. You can access our GF Valuation filter under All-in-One Screener’s Fundamental tab, and Price-to-GF-Value filter under Valuation Ratio tab and set your own criteria.

(3) There is only a sufficient margin of safety when the stock is undervalued.

MarketAxess Holdings's Price-to-GF-Value for today is calculated as

Price-to-GF-Value	=	Share Price	/	GF Value
	=	203.82	/	324.18
	=	0.63

* 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 GF Value Related Terms

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MarketAxess Holdings (MarketAxess Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » MarketAxess Holdings Inc (NAS:MKTX) » Definitions » GF Value

Comparable Companies

Traded in Other Exchanges

MWI:Germany MWI:Germany M1KT34:Brazil

Address

55 Hudson Yards, 15th Floor, New York, NY, USA, 10001

Website

https://www.marketaxess.com

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.

Executives

Kevin M Mcpherson	officer: Global Head of Sales	C/O MARKETAXESS HOLDINGS INC., 299 PARK AVENUE, NEW YORK NY 10171
Christopher R Concannon	director, officer: President and COO	BATS GLOBAL MARKETS, 8050 MARSHALL DRIVE, SUITE 120, LENEXA KS 66214
Scott Pintoff	officer: General Counsel	C/O MARKETAXESS HOLDINGS, INC., 55 HUDSON YARDS, FLOOR 15, NEW YORK NY 10001
Roupie Christophe Pierre Daniel	officer: Head of Europe & Asia	C/O MARKETAXESS HOLDINGS INC., 299 PARK AVENUE, NEW YORK NY 10171
Steven L Begleiter	director	650 MADISON AVENUE, 19TH FLOOR, NEW YORK NY 10022
Richard Leon Prager	director	C/O MARKETAXESS HOLDINGS INC., 55 HUDSON YARDS, 15TH FLOOR, NEW YORK NY 10001
Nicholas Themelis	officer: Chief Information Officer	C/O MARKETAXESS HOLDINGS INC., 140 BROADWAY, 42ND FLOOR, NEW YORK NY 10005
Naineshkumar Shantilal Panchal	officer: Chief Information Officer	C/O MARKETAXESS HOLDINGS INC., 55 HUDSON YARDS, NEW YORK NY 10001
Antonio L Delise	officer: Chief Financial Officer	C/O MARKETAXESS HOLDINGS, INC., 299 PARK AVENUE, NEW YORK NY 10171
Richard M Mcvey	director, officer: Chairman and CEO	C/O MARKETAXESS HOLDINGS INC., 140 BROADWAY, 42ND FLOOR, NEW YORK NY 10005
Christopher N. Gerosa	officer: Chief Financial Officer	C/O PRIMUS ASSET MANAGEMENT, INC., 360 MADISON AVENUE, 23RD FLOOR, NEW YORK NY 10017
Xiaojia Charles Li	director	C/O MARKETAXESS HOLDINGS INC., 55 HUDSON YARDS, NEW YORK NY 10001
Stephen P Casper	director	C/O CHARTER ATLANTIC CORPORATION, 200 PARK AVENUE, NEW YORK NY 10166
Kourtney Gibson	director	C/O MARKETAXESS HOLDINGS INC., 55 HUDSON YARDS, 15TH FLOOR, NEW YORK NY 10001
Justin Gerald Gmelich	director	C/O MARKETAXESS HOLDINGS INC., 55 HUDSON YARDS, 15TH FLOOR, NEW YORK NY 10001