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MarketAxess Holdings is Among the Companies in the Specialized Finance Industry With the Highest Forward P/E Ratio (MKTX, MSCI, CBOE, MORN, CME)

By Shiri Gupta

Below are the three companies in the Specialized Finance industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.

MarketAxess Holdings ranks highest with a a forward P/E ratio of 56.21. Following is MSCI with a a forward P/E ratio of 31.79. CBOE Holdings ranks third highest with a a forward P/E ratio of 25.74.

Morningstar follows with a a forward P/E ratio of 24.34, and CME Group rounds out the top five with a a forward P/E ratio of 24.13.

SmarTrend recommended that subscribers consider buying shares of MarketAxess Holdings on May 9th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $126.85. Since that recommendation, shares of MarketAxess Holdings have risen 27.9%. We continue to monitor MarketAxess Holdings for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest forward p/e ratio marketaxess holdings cboe holdings morningstar CME Group