Is Tradeweb Markets, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Tradeweb Markets, Inc. has moved from very attractive to fair, indicating a shift in its perceived value. The company appears to be overvalued based on its current metrics, with a P/E ratio of 60, significantly higher than the peer average of 47.50, and an EV to EBITDA ratio of 41.20, which also exceeds the industry benchmark. Additionally, the PEG ratio stands at 1.78, suggesting that the stock may not be justified at its current price given its growth prospects.
In comparison to its peers, Tradeweb Markets, Inc. shows a higher valuation across several key metrics, including P/E and EV to EBITDA, which raises concerns about its pricing relative to the market. The company's recent stock performance has lagged behind the S&P 500, with a YTD return of -18.33% compared to the index's 13.30%, further reinforcing the notion that the stock may be overvalued at this time.