MIAX

Miami International Holdings, Inc.

Fundamental data last updated:November 1, 2026

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company profile

SECTOR

Financial Services

industry

Financial - Capital Markets

Exchange

NYSE

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

Miami International Holdings, Inc., through its subsidiaries, operates various markets across options, futures, and cash equities. Its markets include options through MIAX Options, MIAX Pearl, MIAX Emerald, and MIAX Sapphire; U.S. equities through MIAX Pearl Equities; U.S. futures and options on futures through MIAX Futures; and international listings through BSX and TISE. The company also trades hard red spring wheat futures and options on MIAX Futures; offers clearing services for U.S. futures and options through MIAX Futures Clearing; and owns Dorman Trading, a full-service futures commission merchant provides execution and clearing services for introducing brokers, retail customers, institutional clients, and professional traders. Miami International Holdings, Inc. was incorporated in 2007 and is headquartered in Princeton, New Jersey

 


Analyze MIAX on TradingView

VALUATION

P/E

36.05

Market Cap ($M USD)

$4.53B

Forward P/E

22.32

PEG

0.36

PRICE TO SALES

3.22

PRICE TO BOOK

4.11

EV / EBITDA

42.07

5-Year Average P/E

Free Cash Flow Yield

4.16%

DCF Value

$8.28

Graham Number

$18.60

Price to FCF

24.06

EV to FCF

20.65

Earnings Yield

2.77%

FCF Yield

4.16%

DIVIDEND

Yield

0.00%

Annual Payout

$0.00

Payout Ratio

0.00%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$1.32

Next Year EPS Growth Estimate

$2.14

Next Year Revenue Growth Estimate

$646.00M

Return on Equity (ROE)

15.22%

FREE CASH FLOW

Operating Margin

6.91%

Debt-to-Equity

0.00

Piotroski F-Score

7

Altman Z-Score

8.81

Return on Invested Capital (ROIC)

6.74%

Current Ratio

595.67

Quick Ratio

595.67

Net Debt to EBITDA

-6.95

Interest Coverage

11.44

Gross Profit margin

30.92%

FCF PER SHARE

$2.05

REVENUE PER SHARE

$15.32

Analyze MIAX on TradingView

Gainseekers Quantitative Analysis

Summary

MIAX Miami International Holdings, Inc. presents a perplexing valuation scenario. Despite a robust Altman Z-score of 8.75 indicating financial safety, the stock traded significantly above its DCF Value and Graham Number, suggesting potential overvaluation. The Forward P/E of 24.29 and an earnings yield of just 2.55% imply the market expects substantial growth, yet the stock’s price may not justify these expectations. The PEG ratio under 0.40, however, hints at undervaluation relative to growth, creating a mixed narrative. Overall, the market may be pricing in perfection, leaving little room for error.

AI Exposure / Tech Reliance

Operating within the Financial - Capital Markets industry, MIAX is strategically positioned to leverage AI and tech advancements. As trading platforms increasingly rely on algorithmic trading and data analytics, MIAX's adaptability to these technologies could enhance its competitive edge. The company's ability to integrate AI-driven solutions will be crucial in maintaining its market position.

The Bull Case

For the discerning GARP investor, MIAX offers compelling institutional tailwinds. With a Piotroski F-Score of 7 and a solid ROIC of 6.74%, the company demonstrates efficient capital allocation and operational health. The impressive free cash flow yield, despite a modest operating margin of 6.91%, underscores its ability to generate cash and reinvest in growth. These metrics suggest a company with pricing power and a knack for capital efficiency, making it an attractive buy for value seekers.

The Bear Case

Yet, the stock is not without its pitfalls. The Price/Book ratio of 4.48 and Price/Sales of 3.39 suggest a premium valuation that may not be sustainable. Trading near its 52-week high, the stock appears technically overextended, raising concerns about potential downside risk. Furthermore, an EV to EBITDA of 44.58 indicates a hefty valuation that could deter cautious investors. These factors, coupled with zero dividend yield, highlight structural risks that could undermine its appeal.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$50.00

Institutional Ownership %

1-Year Beta

1.79

Insider Buying % (6 Mo)

Distance to 52-Week High

19.64%

Distance to 52-Week Low

40.05%

EARNINGS SURPRISE %

16.67%

50-DAY SMA

$45.66

200-DAY SMA

$42.78

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.