Is Tradeweb Markets, Inc. overvalued or undervalued?

As of 13 August 2025, the valuation grade for Tradeweb Markets, Inc. has moved from fair to expensive, indicating a shift towards overvaluation. The company is currently assessed as overvalued, with a P/E ratio of 60, significantly higher than the peer average P/E of approximately 47.50. Additionally, the Price to Book Value stands at 5.58, while the EV to EBITDA ratio is 31.64, both suggesting that the stock is priced at a premium relative to its earnings and book value.
In comparison to its peers, Tradeweb's PEG ratio of 1.78 also indicates a higher valuation relative to growth expectations, as peers like the average have a PEG of around 1.45. Notably, the company's recent stock performance has lagged behind the S&P 500, with a year-to-date return of -14.05% compared to the index's 12.22%, reinforcing the notion of overvaluation in the current market context.