Tradeweb Markets Inc. (TW) P/E Ratio History
Deep ValueTrading at 26.3x · 0th percentile of 5-year range · Significant discount to historical valuation · Data 2019–2026
Loading P/E history...
P/E Ratio Analysis
As of June 21, 2026, Tradeweb Markets Inc. (TW) trades at a price-to-earnings ratio of 26.3x, with a stock price of $99.49 and trailing twelve-month earnings per share of $4.08.
The current P/E is 52% below its 5-year average of 54.6x. Over the past five years, TW's P/E has ranged from a low of 28.5x to a high of 91.9x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.6x, TW trades at a 94% premium to its sector peers. The sector includes 783 companies with P/E ratios ranging from 0.0x to 196.5x.
The PEG ratio of 0.78 (P/E divided by 62% EPS growth) suggests the stock may be undervalued relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, TW trades roughly in line with the S&P 500 median P/E of 24.4x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our TW DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
TW Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
TW P/E vs Peers
Exchanges and Electronic Trading Venues peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $76B | 23.2 | 2.61 | +21% | |
| $89B | 22.1 | 1.61 | +15% | |
| $4B | 18.1 | - | -9% | |
| $26B | 23.9 | 1.22 | +45% | |
| $47B | 26.6 | 2.49 | +60% | |
| $6B | 38.9 | 1.28 | +24% | |
| $5B | 12.3Lowest | - | +73%Best | |
| $43B | 43.2 | 1.46 | +28% | |
| $11B | 35.4 | - | +11% | |
| $97B | 52.8 | 0.20Best | +31% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
TW Historical P/E Data (2019–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | - | $117.66 | $4.04 | 29.1x | -48% |
| FY2025 Q4 | Dec 31 2025 | $107.54 | $3.77 | 28.5x | -49% |
| FY2025 Q3 | - | $110.98 | $2.92 | 38.0x | -32% |
| FY2025 Q2 | Jun 30 2025 | $146.40 | $2.59 | 56.5x | +0% |
| FY2025 Q1 | Mar 31 2025 | $148.46 | $2.43 | 61.1x | +9% |
| FY2024 Q4 | - | $130.92 | $2.33 | 56.2x | -0% |
| FY2024 Q3 | Sep 30 2024 | $123.67 | $2.09 | 59.2x | +5% |
| FY2024 Q2 | Jun 30 2024 | $106.00 | $2.02 | 52.5x | -7% |
| FY2024 Q1 | Mar 31 2024 | $104.17 | $1.89 | 55.1x | -2% |
| FY2023 Q4 | Dec 31 2023 | $90.88 | $1.72 | 52.8x | -6% |
| FY2023 Q3 | Sep 30 2023 | $80.20 | $1.72 | 46.6x | -17% |
| FY2023 Q2 | Jun 30 2023 | $68.48 | $1.59 | 43.1x | -23% |
| FY2023 Q1 | Mar 31 2023 | $79.02 | $1.50 | 52.7x | -6% |
| FY2022 Q4 | Dec 31 2022 | $64.93 | $1.48 | 43.9x | -22% |
| FY2022 Q3 | Sep 30 2022 | $56.42 | $1.29 | 43.7x | -22% |
| FY2022 Q2 | - | $68.25 | $1.22 | 55.9x | -1% |
| FY2022 Q1 | - | $87.87 | $1.16 | 75.8x | +35% |
| FY2021 Q4 | Dec 31 2021 | $100.14 | $1.09 | 91.9x | +63% |
| FY2021 Q3 | - | $80.78 | $1.14 | 70.9x | +26% |
| FY2021 Q2 | Jun 30 2021 | $84.56 | $1.07 | 79.0x | +40% |
| FY2021 Q1 | Mar 31 2021 | $74.00 | $0.96 | 77.1x | +37% |
| FY2020 Q4 | - | $62.45 | $0.88 | 71.0x | +26% |
| FY2020 Q3 | Sep 30 2020 | $58.00 | $0.85 | 68.2x | +21% |
| FY2020 Q2 | - | $58.14 | $0.86 | 67.6x | +20% |
| FY2020 Q1 | - | $42.04 | $0.79 | 53.2x | -5% |
| FY2019 Q4 | - | $46.35 | $0.88 | 52.7x | -6% |
| FY2019 Q3 | Sep 30 2019 | $36.98 | $0.87 | 42.5x | -24% |
| FY2019 Q2 | Jun 30 2019 | $43.81 | $0.87 | 50.4x | -10% |
Average P/E for displayed period: 56.3x
Full Stock Analysis
Deep dive into TW consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
7+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
TW — Frequently Asked Questions
Quick answers to the most common questions about buying TW stock.
What is TW's P/E ratio?
Tradeweb Markets Inc. (TW) trailing twelve-month P/E ratio is 26.3x, based on TTM diluted EPS of $4.08. The 5-year average P/E is 54.6x and the historical range spans 28.5x to 91.9x.
Is TW stock overvalued or undervalued?
TW trades at 26.3x P/E, below its 5-year average of 54.6x. At the 0th percentile of its historical range (28.5x–91.9x), the stock is priced at a discount to its own history.
Is TW stock expensive?
No, TW is not expensive on a historical basis. The current P/E of 26.3x is below the 5-year average of 54.6x and sits at the 0th percentile of its valuation range.
What is TW's historical P/E range?
Over the past 5 years, TW's P/E ratio has ranged from 28.5x to 91.9x, with a median of 55.1x and an average of 54.6x. The current P/E of 26.3x places the stock at the 0th percentile of this range. Full historical data spans 2019–2026.
How does TW's P/E compare to the S&P 500?
TW trades at 26.3x P/E versus the S&P 500 median of 24.4x. The 8% premium to the market typically reflects higher expected earnings growth or quality.
How does TW's valuation compare to Financial Services peers?
Tradeweb Markets Inc. P/E of 26.3x compares to the Financial Services sector median of 13.6x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is TW's PEG ratio?
TW PEG ratio is 0.78, based on a P/E of 26.3x and EPS growth of 61.5%. A PEG below 1.0 indicates the valuation is supported by the earnings growth rate — typically considered attractive.
What is TW's earnings yield?
TW earnings yield is 3.80%, the inverse of its 26.3x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.