Miami International Holdings, Inc.

MIAX Financial Capital Markets

Miami International Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, up 19.6% from fiscal 2024.

Revenue
+10.7%
EPS
+136.3%
Free cash flow
−62.6%
Total debt
−76.5%

Quarter to September 2026, against a year earlier

34.42 0.55 −1.57%
Market cap
$3.5B
P/E
10.7×
Fwd P/E
12.0×
Dividend yield
—
F-score
n/a
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Miami International Holdings, Inc. (MIAX) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Miami International Holdings, Inc. (MIAX) trades at a P/B ratio of 2.8×. Over the past ten years it has ranged from 2.4× (October 2026) to 7.4× (September 2025); the current reading is higher than 8% of that period. That is above the Capital Markets industry median of 1.4× and above the Financial sector median of 1.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 3.5× (35.22%)
FY2024 5.4× 0.00%
FY2023 5.4× —

Quarterly newest first

Period P/B ratio Change
Sep 2026 2.7× (11.62%)
Jun 2026 3.1× (8.17%)
Mar 2026 3.4× (4.69%)
Dec 2025 3.5× 3.66%
4 more quarters

Against its own ten years

Low 2.4× High 7.4×
Ten-year median 3.6×
Current reading's percentile 8

P/B ratio against peers

Company P/B ratio
MARA Marathon Digital Holdings, Inc. compare 1.4×
PURR Hyperliquid Strategies Inc compare 1.5×
LCLN Lincoln International Inc. compare 2.3×
MIAX Miami International Holdings, Inc. 2.8×
PIPR Piper Sandler Companies compare 2.9×
IOND Ionic Digital Inc. compare 4.0×
PJT PJT Partners Inc. compare 4.2×
LAZ Lazard, Inc. compare 4.2×
MC Moelis & Company compare 6.9×
Capital Markets industry median 1.4×
Financial sector median 1.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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