Marex Group plc (MRX) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Marex Group plc stock $130, price $66.18, upside +96.3%, quality 62 out of 100. Rating: strongly undervalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
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Marex Group plc
MRX · USThe stock costs 49% less than our calculation considers fair.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
30‑month range $18.05 – $78.27 · fair‑value band $26.71 – $182.32 · the $66.18 price screens below the $129.92 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Company profile
Marex Group plc, a financial services platform company, provides liquidity, market access, and infrastructure services to clients in the commodity and financial markets in the United Kingdom, the United States, and internationally.
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It operates through Clearing, Agency and Execution, Market Making, and Hedging and Investment Solutions segments.
The company offers execution and clearing services in metals, agricultural products, energy and fixed income, financial securities, digital assets, and equity futures and options; liquidity, execution, and risk management solutions to financial markets.
It also provides liquidity to clients in the OTC energy markets; market data, analytics, and market commentary; energy services, including gas, power, environmental, and crude oil markets; and market-making services across commodities markets, such as metals, agricultural products, and energy markets.
In addition, the company offers OTC traded hedging and customized OTC derivatives solutions; and risk management solutions across a spectrum of markets, including agriculture, currency, and interest rate markets for trading houses, producers and consumers, and banks and distributors.
Further, it engages in the structured notes business, which allows investors to build structured notes across asset classes, including commodities, equities, foreign exchange, and fixed-income products for private banks, independent asset managers, pension funds, and corporates; and a portfolio of structured Notes, including auto-callable, fixed, stability, and credit-linked notes.
Additionally, the company offers technology platforms, including Neon, a trading, risk, and data platform; and Agile, a commodity broking platform. Marex Group plc was incorporated in 2005 and is based in London, the United Kingdom.
Stock analysis
Marex Group plc (MRX) currently trades at $66.18, while our model-based Fair Value estimate is $129.92, implying the stock looks roughly 49% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $358.98 per share, and 7 of the 13 models we run sit above the $66.18 price.
Bear case: the Dividend Discount group reads lowest at $14.71, and 6 of the 13 models stay below the price. Data coverage for this calculation is high.
Scenario range: $26.71 (bear) to $182.32 (bull), the price of $66.18 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 62/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Marex Group plc Ordinary Shares reported revenue of $3.6B in FY2025 versus $852M in FY2021, a compound +43.7%/yr. Reported net income was $308M in FY2025, compounding +52.8%/yr from FY2021.
Key figures
Market cap $5.0B Mid · P/E ratio 13.1 · P/S ratio 1.44 · EPS (TTM) $4.95 · Dividend yield 1.1% · Net margin 12.2% · Return on equity 26.2% · Return on assets (EBIT) 2.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 60 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 110% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −11% fair-value upside, at 96%, MRX screens cheaper than that median.
Fair Value models
All 13 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, 5 officers or directors sold shares worth $13.7M and none bought.
- SalePaolo TonucciOfficer7× since Apr 13, 2026: 116,666 shares, avg. $62.57$7.3MOct 12, 202610b5-1 plan
- SaleSimon Van Den BornPresident4× since Apr 1, 2026: 57,072 shares, avg. $60.20$3.4MOct 12, 202610b5-1 plan
- SaleRob IrvinChief Financial Officer, Director3,700 shares at $70.96$262,559Aug 14, 2026
- SaleIan T LowittChief Executive Officer, Director2× since Jun 12, 2026: 74,285 shares, avg. $63.38$4.7MJul 13, 202610b5-1 plan
- SaleThomas TexierGroup Head of Clearing3× since Apr 1, 2026: 30,426 shares, avg. $48.51$1.5MJun 1, 202610b5-1 plan
Plus 23 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗
Revenue & earnings trend
Watch MRX, get fair value alerts →
Earlier news
- Marex Group PLC (MRX) Earnings Expected to Grow: Should You Buy?
- Marex appoints Kory Sorenson to Group Board
- Marex Group Limited to announce third quarter 2026 results on November 5, 2026
- IPO Stock Of The Week: Financial Leader Marex Offers A New Buy Point
Compare Marex Group plc Ordinary Shares with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Capital Markets · 384 stocks
Valuation Multiplesvs Capital Markets median · lower = cheaper
Strength profile in five axes (Snowflake)
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- PEG ratio by industry
- Revenue growth by industry
- PEG screener for stocks with fair value
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Capital Markets stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Morgan Stanley MS | $181.44 | $260.72 | +44% | vs MRX |
| The Charles Schwab Corporation SCHW | $91.49 | $117.60 | +29% | vs MRX |
| Guotai Haitong Securities Co 601211 | ¥16.46 | ¥18.02 | +9% | vs MRX |
| Nomura Holdings NMR | $9.42 | $10.20 | +8% | vs MRX |
| The Goldman Sachs Group GS | $865.82 | $766.86 | −11% | vs MRX |
| CITIC Securities Company 600030 | ¥25.72 | ¥20.42 | −21% | vs MRX |
| Robinhood Markets, Inc HOOD | $80.91 | $47.60 | −41% | vs MRX |
| Macquarie Group MQG | A$248.86 | A$123.84 | −50% | vs MRX |
| East Money Information Co 300059 | ¥18.78 | ¥6.72 | −64% | vs MRX |
| Interactive Brokers Group IBKR | $75.82 | $17.48 | −77% | vs MRX |
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Key figures of Marex Group plc
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