Marex Group plc Ordinary Shares (MRX) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Marex Group plc Ordinary Shares $145, price $71.59, upside +103.0%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
29‑month range $18.09 – $78.27 · fair‑value band $29.88 – $203.90 · the $71.59 price screens below the $145.30 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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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. It operates through Clearing, Agency and Execution, Market Making, and Hedging and Investment Solutions segments.
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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. 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 Ordinary Shares (MRX) currently trades at $71.59, while our model-based Fair Value estimate is $145.30, implying the stock looks roughly 50.7% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $341.78 per share, and 7 of the 13 models we run sit above the $71.59 price.
Bear case: the Multiples group reads lowest at $24.60, and 6 of the 13 models stay below the price. Evidence for this calculation is high.
Scenario range: $29.88 (bear) to $203.90 (bull), the price of $71.59 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 52/100 (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 $5.4B · P/E ratio 16.4 · P/S ratio 1.39 · EPS (TTM) $4.37 · Dividend yield 0.8% · Net margin 8.5% · Return on equity 29.1% · Return on assets (EBIT) 2.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 156% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −20% fair-value upside, at 103%, MRX screens cheaper than that median.
Fair Value models
Bear $29.88Fair Value $145.30Bull $203.90
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($2.79 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+25.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+45.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+36.8%
Start year 2020 (pandemic). Over 10 years: +26.5% a year
Revenue growth 12 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+21.3%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+47.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+46.3%
Dividend (yield on the price)0.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.41% vs 30%, picking up
Profit margin 2019 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.2% → 32%
2025 sits 128% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−25.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
−4.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −27.1% a year for the price and −7.0% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (94 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
Compare Marex Group plc Ordinary Shares with another stock
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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 · 463 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside+103% · Top 25%
Profitability
Return on equity (TTM)29% · Top 25%
Return on assets1% · Below median
Net margin (TTM)11% · Below median
Operating margin (TTM)13% · Below median
Growth and dividend
Revenue growth55% · Above median
Dividend yield (TTM)0.8% · Below median
Balance sheet
Debt / equity1.84× · Highest 25%
Valuation Multiplesvs Capital Markets median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Marex Group plc Ordinary Shares Fair Value". https://www.fairvalue-calculator.com/stock/MRX
Frequently asked questions
Is Marex Group plc Ordinary Shares (MRX) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $145.30 versus a price of $71.59, about +103% upside (undervalued).
What is the fair value of MRX?
Our model-based fair value for Marex Group plc Ordinary Shares is $145.30 (as of Sep 24, 2026), built from audited fundamentals. The current price: $71.59.
What is the quality score of MRX?
Marex Group plc Ordinary Shares has a Quality Score of 52/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Marex Group plc Ordinary Shares (MRX)?
Our model-based price target is the fair value of $145.30 (as of Sep 24, 2026) from 13 valuation models. Cautious scenario $29.88, optimistic scenario $203.90. It is a calculation from audited fundamentals, not an analyst target.
What is the Marex Group plc Ordinary Shares stock forecast for 2026?
Our models put fair value at $145.30, about +103% upside versus a price of $71.59 (undervalued). Cautious scenario $29.88, optimistic scenario $203.90. The calculation is refreshed regularly with new filings.
What is the revenue of Marex Group plc Ordinary Shares (MRX)?
Marex Group plc Ordinary Shares reported trailing-twelve-month revenue of about $3.3B (latest available figure, as of Sep 24, 2026).
Does Marex Group plc Ordinary Shares pay a dividend?
Marex Group plc Ordinary Shares currently shows a dividend yield of about 0.84% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Marex Group plc Ordinary Shares (MRX)?
For today's price to be fair in a discounted-cash-flow model, Marex Group plc Ordinary Shares would have to grow free cash flow by -25.4 % per year for five years (discount rate 8.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +36.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of MRX use?
Our models discount Marex Group plc Ordinary Shares at 8.5 %: a base by market capitalisation (mid), damped by beta 0.06, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Marex Group plc Ordinary Shares that is -25.4 % per year a year over ten years, using the same discount rate (8.5 %) and the same formula as our fair value.
How much growth has Marex Group plc Ordinary Shares (MRX) delivered so far?
Over the past 5 years revenue at Marex Group plc Ordinary Shares grew +36.8 % a year. The price currently implies -25.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Marex Group plc Ordinary Shares (MRX) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Marex Group plc Ordinary Shares (-25.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Marex Group plc Ordinary Shares (MRX)?
The free-cash-flow yield on the price is 12.01 %: that much free cash flow Marex Group plc Ordinary Shares produces per unit of market value. When it exceeds the discount rate of our models (8.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Marex Group plc Ordinary Shares (MRX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Marex Group plc Ordinary Shares it is $145.30 per share (as of Sep 24, 2026), against a price of $71.59. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Marex Group plc Ordinary Shares stock overvalued or undervalued in 2026?
As of Sep 24, 2026, MRX trades below its calculated fair value: price $71.59, fair value $145.30, a gap of about +103% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MRX?
No. The price is what the market pays today ($71.59); the fair value is what the company's own numbers justify ($145.30). For Marex Group plc Ordinary Shares the two are $73.71 per share apart. That gap is exactly why we show both numbers side by side.
How much is Marex Group plc Ordinary Shares worth?
The market values Marex Group plc Ordinary Shares at about $5.4B (market capitalisation, as of Sep 24, 2026). Per share that is $71.59; our models calculate a fair value of $145.30 per share.
What do the bullish and bearish scenarios say about MRX?
Our models span a range for Marex Group plc Ordinary Shares: cautious scenario $29.88, base $145.30, optimistic $203.90 per share (as of Sep 24, 2026, price $71.59). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MRX?
Marex Group plc Ordinary Shares trades at a price-to-earnings ratio of 16.4 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $145.30 is built from several models across several years. Other multiples: P/B 4.3, P/S 1.7, EV/EBITDA 1.2.
How solid is the balance sheet of Marex Group plc Ordinary Shares (MRX)?
Balance-sheet figures for Marex Group plc Ordinary Shares (as of Sep 24, 2026): return on equity 29.1%, debt of 1.84 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is MRX from its 52-week high?
Marex Group plc Ordinary Shares trades at $71.59, about 9% below its 52-week high of $78.27 and 156% above the low of $27.92 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $145.30 is for.
Which stocks are comparable to Marex Group plc Ordinary Shares?
From the same area (Financial Services) we also value Morgan Stanley, a financial holding company,, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Marex Group plc Ordinary Shares stock attractive at the current price?
The data as of Sep 24, 2026: price $71.59, calculated fair value $145.30 (+103%), Quality Score 52/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MRX calculated?
We run Marex Group plc Ordinary Shares through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $145.30, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Marex Group plc Ordinary Shares currently trades 103 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Marex Group plc Ordinary Shares (MRX)?
The closing price on Sep 23, 2026 was $71.59. Our model-based fair value is $145.30, about +103% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Marex Group plc Ordinary Shares right now?
The model range is unusually wide ($29.88 to $203.90). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Marex Group plc Ordinary Shares (MRX) come from?
Earnings per share at Marex Group plc Ordinary Shares grew +28.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +24.0 %, EBIT margin +19.3 %, tax rate −1.4 %, residual (interest, one-offs) −12.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Marex Group plc Ordinary Shares
How large is the market capitalisation of Marex Group plc Ordinary Shares (MRX)?
The market capitalisation of Marex Group plc Ordinary Shares is $5.4B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Marex Group plc Ordinary Shares (MRX)?
The price-to-sales ratio of Marex Group plc Ordinary Shares is 1.39 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Marex Group plc Ordinary Shares (MRX)?
Earnings per share at Marex Group plc Ordinary Shares are $4.37 (price ÷ EPS = P/E 16.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Marex Group plc Ordinary Shares (MRX)?
The dividend yield of Marex Group plc Ordinary Shares is 0.8% (payout 13.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Marex Group plc Ordinary Shares (MRX)?
The net margin of Marex Group plc Ordinary Shares is 8.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Marex Group plc Ordinary Shares (MRX)?
The return on equity (ROE) of Marex Group plc Ordinary Shares is 29.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Marex Group plc Ordinary Shares (MRX)?
On an EBIT basis the return on assets of Marex Group plc Ordinary Shares is 2.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Marex Group plc Ordinary Shares (MRX)?
The operating margin of Marex Group plc Ordinary Shares is 13.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Marex Group plc Ordinary Shares (MRX)?
Revenue at Marex Group plc Ordinary Shares is growing +55.1% versus a year earlier (3y avg +45.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Marex Group plc Ordinary Shares (MRX)?
Earnings per share at Marex Group plc Ordinary Shares are growing +55.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Marex Group plc Ordinary Shares (MRX) carry?
The net debt of Marex Group plc Ordinary Shares is $3.8B (fiscal year 2025, ≈ 5.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Sep 24, 2026