MKTX
MarketAxess Holdings
PE ratio, current and historical analysis
- Stocks
- Financial Services
- NASDAQ: MKTX
- PE Ratio
As of Jul 31, 2026, the MarketAxess Holdings stock's PE ratio is 19.16. This takes into account the latest EPS of $8.47 and stock price of $162.3. The PE ratio marks a decrease of 33% from its last 4 quarters average of 28.5.
MKTX PE ratio history
The PE ratio of MarketAxess Holdings has averaged 47.1 over the last ten years. The current P/E ratio of 19.16 is 59% lower than the historical average. Looking back at the last ten years, MKTX's PE ratio peaked in the Dec 2020 quarter at 71.23, when the price was $570.56 and the EPS was $8.01. The lowest point was in the Mar 2026 quarter, when it reached 19.48 with a price of $164.98 and an EPS of $8.47.
MarketAxess Holdings PE ratio by year
Maximum annual increase: 51.89% in 2013
Maximum annual decrease: -30.16% in 2022
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 27.21 | -12.25% | $181.25 | $6.66 |
| 2024 | 31.01 | -27.26% | $226.04 | $7.29 |
| 2023 | 42.63 | 2.11% | $292.85 | $6.87 |
| 2022 | 41.75 | -30.16% | $278.89 | $6.68 |
| 2021 | 59.78 | -16.07% | $411.27 | $6.88 |
| 2020 | 71.23 | 3.89% | $570.56 | $8.01 |
| 2019 | 68.56 | 51.85% | $379.11 | $5.53 |
| 2018 | 45.15 | -10.04% | $211.31 | $4.68 |
| 2017 | 50.19 | 16.83% | $201.75 | $4.02 |
| 2016 | 42.96 | 0.87% | $146.92 | $3.42 |
| 2015 | 42.59 | 20.55% | $111.59 | $2.62 |
| 2014 | 35.33 | 8.74% | $71.71 | $2.03 |
| 2013 | 32.49 | 51.89% | $66.93 | $2.06 |
| 2012 | 21.39 | -8.35% | $35.3 | $1.65 |
| 2011 | 23.34 | -3.55% | $30.11 | $1.29 |
MarketAxess Holdings PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 19.48 | -28.41% | $164.98 | $8.47 |
| Dec 2025 | 27.21 | -8.01% | $181.25 | $6.66 |
| Sep 2025 | 29.58 | -21.2% | $174.25 | $5.89 |
| Jun 2025 | 37.54 | -0.05% | $223.34 | $5.95 |
| Mar 2025 | 37.56 | 21.12% | $216.35 | $5.76 |
| Dec 2024 | 31.01 | -10.69% | $226.04 | $7.29 |
| Sep 2024 | 34.72 | 20.35% | $256.2 | $7.38 |
| Jun 2024 | 28.85 | -10.12% | $200.53 | $6.95 |
| Mar 2024 | 32.1 | -24.7% | $219.25 | $6.83 |
| Dec 2023 | 42.63 | 31.9% | $292.85 | $6.87 |
| Sep 2023 | 32.32 | -16.92% | $213.64 | $6.61 |
| Jun 2023 | 38.9 | -31.41% | $261.42 | $6.72 |
| Mar 2023 | 56.71 | 35.83% | $391.29 | $6.9 |
| Dec 2022 | 41.75 | 21.61% | $278.89 | $6.68 |
| Sep 2022 | 34.33 | -13.64% | $222.49 | $6.48 |
MKTX Price vs fair value
MKTX average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
The current PE ratio of MKTX is lower than its 3, 5 and 10-year averages.
PE comparison
With a price to earnings (P/E) of 19.16, MKTX ranks higher than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 13.56, MarketAxess Holdings's price to earnings (P/E) is 41% higher.
MKTX PE vs peers
MKTX's PE ratio stands lower than its peer stock LAZ, but it is higher than SF's and EVR's. MarketAxess Holdings is currently trading at a higher PE ratio (19.16) than its peers average of 15.48.
| Stock name | PE ratio | Market cap |
|---|---|---|
| OPY Oppenheimer Holdings Inc | 11.54 | $1.21B |
| SF Stifel Financial Corp | 15.28 | $12.82B |
| EVR Evercore Inc - Class A | 16.55 | $12.31B |
| MKTX MarketAxess Holdings Inc | 19.16 | $5.77B |
| LAZ Lazard Ltd - Class A | 19.55 | $4.78B |
Frequently asked questions
What is MarketAxess Holdings's PE ratio?
The price to earnings ratio for MKTX stock is 19.16 as of Jul 31, 2026.
What is the 3-year average PE ratio for MarketAxess Holdings (MKTX)?
The average PE ratio for MKTX stock over the past 3 years is 32.09.
What is the 5-year average PE ratio for MarketAxess Holdings (MKTX)?
The average PE ratio for MKTX stock over the past 5 years is 38.61.
What is the highest PE ratio for MKTX?
Over the last ten years, the Dec 2020 quarter recorded the highest quarterly PE ratio at 71.23.
How does the current PE ratio for MKTX compare to its historical average?
MKTX's price to earnings ratio is currently 59% below its 10-year historical average.
How is MKTX's PE ratio calculated (MarketAxess Holdings PE ratio formula)?
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Jul 31, 2026), MarketAxess Holdings's share price is $162.3. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $8.47. Therefore, MarketAxess Holdings's PE ratio for today is 19.16. PE RATIO(19.16) = STOCK PRICE($162.3) / TTM EPS($8.47)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.