TW

Tradeweb Markets Inc.

Financial Services · $21.5B market cap

Share price

$102.22

close of Oct 3, 2026

Fair value

$51.82

Sticker Price

Payback Price

$20.73

buy price

Overpriced

TW is Overpriced: at $102.22 it trades 97% above its fair value of $51.82. Its buy price (Payback Price) is $20.73, 80% below today's price. Business quality is solid: 3 of 5 key numbers clear the 10% bar.

How we valued it

Justified P/B (Financials). A bank or insurer. These are best valued on their book value and how much they earn on it.

Business quality

3 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth38.3% a year✓

Equity per share growth5.7% a year✗

Sales growth17.4% a year✓

Free cash flow growth25.5% a year✓

Return on invested capital7.6%✗

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Superinvestors

3 of the investors we track hold TW. In Q2 2026, 1 opened a position and 1 trimmed. Who we track

Viking Global Investors

Viking Global Investors · as of Q2 2026

$31.3M

314,222 shares

William Von Mueffling

Cantillon Capital Management · as of Q2 2026

$10.9M

108,989 shares

Torray Funds

Torray Funds · as of Q2 2026

$7.6M

75,987 shares

Moves in Q2 2026

New position: Viking Global Investors

Trimmed: William Von Mueffling

Insider activity

Since Aug 14, 2026: no open-market purchases and 2 sales worth $332K. Why purchases matter

Sales

Dixon Troy

MD, Co-Head of Global Markets · 2026-08-17

Sold

$274K

Dixon Troy

MD, Co-Head of Global Markets · 2026-08-14

Sold

$58K

About Tradeweb Markets Inc.

Tradeweb Markets Inc. is a global provider that develops and manages sophisticated electronic trading platforms across the Americas, Europe, the Middle East, Africa, and Asia Pacific. These digital venues facilitate transactions in a diverse array of financial instruments, including fixed income (rates and credit), money market products, and equities. The company offers a comprehensive range of services…

Financial - Capital Markets