MarketAxess (MKTX)
NASDAQFinancialsFinancial - Capital MarketsSnapshot 2026-09-04
$163.38+0.02%
Close 2026-09-04 · 1-day change
NASDAQFinancialsFinancial - Capital MarketsSnapshot 2026-09-04
QuarterlyIQ Insights · MKTX
Price, fair value, and the multiples that frame it on the same time axis. Scroll over the price chart to zoom.
Daily closes. Earnings/event dots inline.
A consensus fair price across 12 valuation methods, at three horizons. As of 2026-09-04. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $163 the market pays 21× p/e — above the 12× p/e peer median but in line with its own 21× history. That premium reflects a durable franchise our peer-anchored $112 fair value understates; treat the 'expensive vs peers' read with medium confidence. Analysts target $128–$215. Note: our $112 fair value sits below the entire analyst range ($128–$215). Even valued only for durable growth at sustainable margins, it's worth about $178 — above today's price, so the premium reflects that growth case, not pure multiple expansion. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Score 100 = cheapest in the cohort, 0 = richest. Bars are filled left-to-right based on the peer-relative score (or PEG/self-history where shown).
Each method's implied share price per horizon. Provisional rows use a projected (historical-CAGR) growth input rather than analyst or management guidance.
| Method | Horizon | Est. price | Multiple | Per-share input | EPS source | Confidence |
|---|---|---|---|---|---|---|
| analyst target | 12M | $150.50 | — | — | Analyst | high |
| dcf fcfe | 12M | $43.52 | — | — | Hist. CAGR | high |
| dcf fcff | 12M | $48.19 | — | — | Hist. CAGR | high |
| graham number | 12M | $78.14 | — | — | TTM | high |
| Peer P/B | 12M |
A “consensus-then vs. actual-now” overlay is on the way — what our valuation estimate said on a past date versus where the price actually landed.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A long-thesis check that carries the widest uncertainty of the three horizons.
Top 10% on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
$128.00 – $215.00 (median $150.50) · 10 analysts · as of 2026-08-10
Flags: expensive valuation, weak execution quality. Capped at elevated by the Mania regime.
For similar setups historically (n=2,301): about 43% saw a 20%+ drawdown, and roughly 77% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Looks more expensive than peers.
Around its own typical valuation.
Trailing four: 2025-Q2, 2025-Q3, 2026-Q1, 2026-Q2
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
| $47.13 |
| 1.3 |
| 35.15 |
| TTM |
| high |
| Peer P/FCF | 12M | $50.28 | 11.1 | 4.54 | TTM | high |
| Peer P/E | 12M | $93.99 | 11.2 | 8.43 | ntm analyst | high |
| Peer P/S | 12M | $71.04 | 2.9 | 24.69 | TTM | high |
| PEG | 12M | $132.93 | 17.2 | 7.72 | TTM | high |
| residual income | 12M | $57.38 | — | — | TTM | high |
| Own P/E history | 12M | $162.50 | 21.0 | 7.72 | TTM | high |
| triangulated | 12M | $94.71 | 12.4 | 7.64 | Triangulated | high |
| Peer P/B | 3Y | $50.11 | 1.3 | 37.38 | Hist. CAGR(prov.) | medium |
| Peer P/FCF | 3Y | $28.90 | 11.1 | 2.61 | Hist. CAGR(prov.) | medium |
| Peer P/E | 3Y | $114.85 | 11.2 | 10.30 | Analyst | medium |
| Peer P/S | 3Y | $88.42 | 2.9 | 30.73 | Analyst | medium |
| PEG | 3Y | $177.34 | 17.2 | 10.30 | Analyst | medium |
| Own P/E history | 3Y | $216.80 | 21.0 | 10.30 | Analyst | medium |
| Peer P/B | 5Y | $52.21 | 1.3 | 38.94 | Hist. CAGR(prov.) | high |
| Peer P/FCF | 5Y | $19.98 | 11.1 | 1.81 | Hist. CAGR(prov.) | high |
| Peer P/E | 5Y | $132.43 | 11.2 | 11.88 | Analyst | high |
| Peer P/S | 5Y | $101.95 | 2.9 | 35.43 | Analyst | high |
| PEG | 5Y | $204.48 | 17.2 | 11.88 | Analyst | high |
| Own P/E history | 5Y | $249.98 | 21.0 | 11.88 | Analyst | high |