5 years of historical data (2020–2024) · Financial Services · Financial - Capital Markets
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
MIAMI INTERNATIONAL HOLDINGS, INC. trades at 33.0x earnings, sitting at the 50th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.8x, the stock trades at a premium of 140%. On a free-cash-flow basis, the stock trades at 52.6x P/FCF.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Market Cap | $3.8B | — | — | — | — | — |
| Enterprise Value | $3.7B | — | — | — | — | — |
| P/E Ratio → | 33.02 | — | — | — | — | — |
| P/S Ratio | 3.34 | — | — | — | — | — |
| P/B Ratio | 9.21 | — | — | — | — | — |
| P/FCF | 52.58 | — | — | — | — | — |
| P/OCF | 34.17 | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
MIAMI INTERNATIONAL HOLDINGS, INC.'s enterprise value stands at 180.2x EBITDA. The Financial Services sector median is 11.1x, placing the stock at a 1524% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | — | — | — | — | — |
| EV / EBITDA | 180.16 | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
MIAMI INTERNATIONAL HOLDINGS, INC. earns an operating margin of -0.2%, below the Financial Services sector average of 21.9%. Return on equity of 38.4% is exceptionally high — well above the sector median of 9.1%.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Gross Margin | 24.2% | 24.2% | 22.3% | 24.5% | 24.1% | 21.3% |
| Operating Margin | -0.2% | -0.2% | -0.3% | 0.7% | 3.2% | -5.3% |
| Net Profit Margin | 9.0% | 9.0% | -2.0% | 7.2% | -12.4% | -7.0% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| ROE | 38.4% | 38.4% | -25.5% | — | — | — |
| ROA | 12.1% | 12.1% | -2.8% | 8.9% | -19.7% | -7.7% |
| ROIC | -0.6% | -0.6% | -1.0% | 3.9% | 37.5% | -42.8% |
| ROCE | -0.7% | -0.7% | -0.9% | 1.5% | 8.2% | — |
Solvency and debt-coverage ratios — lower is generally safer
MIAMI INTERNATIONAL HOLDINGS, INC. carries a Debt/EBITDA ratio of 2.1x, which is manageable (48% below the sector average of 4.1x). The company holds a net cash position — cash of $150M exceeds total debt of $44M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Debt / Equity | 0.12 | 0.12 | 0.75 | — | — | — |
| Debt / EBITDA | 2.13 | 2.13 | 6.77 | 5.93 | 3.72 | — |
| Net Debt / Equity | — | -0.29 | 0.39 | — | — | — |
| Net Debt / EBITDA | -5.18 | -5.18 | 3.51 | 0.99 | 0.13 | — |
| Debt / FCF | — | -1.47 | — | 0.25 | 0.94 | 0.41 |
| Interest Coverage | -0.20 | -0.20 | -0.15 | 0.24 | 1.23 | — |
Net cash position: cash ($150M) exceeds total debt ($44M)
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.41x means MIAMI INTERNATIONAL HOLDINGS, INC. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.22x to 1.41x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Current Ratio | 1.41 | 1.41 | 0.86 | 1.22 | 1.69 | — |
| Quick Ratio | 1.41 | 1.41 | 0.86 | 1.22 | 1.69 | — |
| Cash Ratio | 0.37 | 0.37 | 0.13 | 0.32 | 0.87 | — |
| Asset Turnover | — | 1.17 | 1.45 | 1.06 | 1.40 | 1.09 |
| Inventory Turnover | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
MIAMI INTERNATIONAL HOLDINGS, INC. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 3.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Earnings Yield | 3.0% | — | — | — | — | — |
| FCF Yield | 1.9% | — | — | — | — | — |
| Buyback Yield | 0.0% | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | — | — | — | — | — |
| Shares Outstanding | — | $79M | $79M | $79M | $79M | $79M |
Compare MIAX with 2 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| MIAXYou | $4B | 33.0 | 180.2 | 52.6 | 24.2% | -0.2% | 38.4% | -0.6% | 2.1 |
| TW | $29B | 32.6 | 25.1 | 25.8 | 66.1% | 40.3% | 12.0% | 9.0% | 0.1 |
| MKTX | $7B | 26.4 | 15.8 | 19.0 | 68.9% | 41.7% | 20.4% | 18.0% | 0.2 |
| Financial Services Median | — | 13.8 | 11.1 | 11.2 | 60.2% | 21.9% | 9.1% | 5.4% | 4.1 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 5 years · Updated daily
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Start ComparisonMIAMI INTERNATIONAL HOLDINGS, INC.'s current P/E ratio is 33.0x. This places it at the 50th percentile of its historical range.
MIAMI INTERNATIONAL HOLDINGS, INC.'s current EV/EBITDA is 180.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
MIAMI INTERNATIONAL HOLDINGS, INC.'s return on equity (ROE) is 38.4%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 6.5%.
Based on historical data, MIAMI INTERNATIONAL HOLDINGS, INC. is trading at a P/E of 33.0x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
MIAMI INTERNATIONAL HOLDINGS, INC. has 24.2% gross margin and -0.2% operating margin.
MIAMI INTERNATIONAL HOLDINGS, INC.'s Debt/EBITDA ratio is 2.1x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.