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ASX Limited (ASX) Fair Value & Analysis

Financial Services · AU · Market cap A$9.3B

AL ASX Limited ASX · AU
PriceA$51.89
Fair ValueA$33.44
Upside-35.6%
Quality95/100
Evidence: High Range A$25.08 – A$43.43

Fair value as of: Jun 26, 2026

From 26 valuation models · updated 3 days ago

Share price +12.4% over the past month.

Price vs Fair Value (12 months)

A$69.60 A$45.40 Fair Value A$33.44 Jun 2025 Jun 2026

12‑month range A$45.40 – A$69.60 · fair‑value band A$25.08 – A$43.43 · the A$51.89 price screens above the A$33.44 fair value. As of Jun 26, 2026.

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Analysis

ASX Limited (ASX) currently trades at A$51.89, while our model-based Fair Value estimate is A$33.44 — implying the stock looks roughly 35.6% overvalued today. We read business quality at 95/100 (high quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, ASX Limited generated revenue of A$1.2B at a net margin of 44.4%. Revenue grew 11.2% year over year. It earns a return on equity of 13.6%. Net debt stands at A$11.6B. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) A$1.2B
Revenue growth (YoY) +11.2%
Net margin 44.4%
Return on equity 13.6%
Free cash flow A$303M FY2025
P/E ratio 17.7
More key figures
Operating margin 55.9%
EPS (TTM) A$2.69
Dividend yield 4.6%
EPS growth (YoY) +8.0%
Net debt A$11.6B FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

ASX Limited operates as a multi-asset class and integrated exchange company in Australia and internationally. The company provides regulated framework for entities to raise capital and source liquidity; education programs, research and insights, investor access and peer group networking; distribution facility for quoted exchange traded funds (ETFs) and debt securities. It is also involved in the trading of futures and options on interest rate, equity index, agricultural and energy products, and options over individual securities; cash market trading of equities, warrants, ETFs, and debt securities; and clearing of exchange-traded derivatives, and over-the-counter interest rate and equity derivatives. In addition, it offers information services, including pricing and trading data; technical services, such as market access, connectivity, hosting and co-location services; central counterparty clearing and settlement services for equities; settlement, depository, and registry services f…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ASX Limited reported revenue of A$1.7B in FY2025 versus A$1.0B in FY2021, a compound +13.7%/yr. Reported net income was A$503M in FY2025, compounding +1.1%/yr from FY2021.

Revenue +13.7%/yr
FY21 A$1.0B
FY22 A$1.1B
FY23 A$1.4B
FY24 A$1.6B
FY25 A$1.7B
Net income +1.1%/yr
FY21 A$481M
FY22 A$509M
FY23 A$317M
FY24 A$474M
FY25 A$503M

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Similar stocks

6 more Financial Data & Stock Exchanges stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).

Stock Price Fair Value vs Fair Value
S&P Global Inc SPGI C$19.84 C$14.02 -29%
CME Group CME $245.20 $136.70 -44%
Intercontinental Exchange, Inc ICE $140.34 $71.58 -49%
Moody's Corporation MCO $450.69 $188.41 -58%
Hong Kong Exchanges and Clearing Limited 0388 HK$377.60 HK$218.75 -42%
London Stock Exchange Group LDNXF $109.65 $57.38 -48%

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Frequently asked questions

Is ASX Limited (ASX) undervalued?
As of Jun 26, 2026, our model estimates a fair value of A$33.44 versus a price of A$51.89 — about −36% (overvalued). Model-based estimate, not financial advice.
What is the fair value of ASX?
Our 21-model fair value for ASX Limited is A$33.44 (as of Jun 26, 2026), built from audited fundamentals. The current price is A$51.89.
What is the quality score of ASX?
ASX Limited has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of ASX Limited (ASX)?
ASX Limited reported trailing-twelve-month revenue of about A$1.2B (latest available figure, as of Jun 26, 2026).
What is the net profit margin of ASX?
The net profit margin of ASX Limited is about 44.4%, meaning it keeps roughly 44.4% of revenue as net income. Based on the latest reported figures.
Does ASX Limited pay a dividend?
ASX Limited currently shows a dividend yield of about 4.55% relative to its recent price (as of Jun 26, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.