Miami International Holdings Inc
Research Miami International Holdings Inc (MIAX) on Bullrun: valuation model: 11.8% overvalued, market cap USD 2.96B, P/E 38.6. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerMIAX
- ExchangeNYSE
- CountryUnited States
- SectorFinancial Services
- IndustryCapital Markets
- CurrencyUSD
- Valuation signal11.8% overvalued
- Market capUSD 2.96B
- P/E38.6
- Financial periodQ2 2026
- RevenueUSD 387.63M
- Net incomeUSD 44.21M
- Free cash flowUSD 103.96M
- Gross margin36.4%
Valuation Snapshot
Bullrun's latest valuation model marks Miami International Holdings Inc as 11.8% overvalued; latest market cap is USD 2.96B; P/E is 38.6.
Peer valuation comparison
Latest P/E is 38.64x versus a Financial Services sector median of 13.41x (188.1% above).
Latest P/E is 38.64x versus a United States median of 23.75x (62.7% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 1.36B | -USD 70.03M | USD 145.04M | 31.6% | -1 | USD 433.65M | USD 1.51M | USD 881.02M |
| FY2024 | USD 1.14B | USD 102.12M | USD 84.70M | 24.2% | 1.39 | USD 150.34M | USD 37.04M | USD 367.62M |
| FY2023 | USD 1.04B | -USD 20.89M | -USD 65.40M | 22.3% | -0.37 | USD 59.29M | USD 123.04M | USD 163.78M |
| FY2022 | USD 797.92M | USD 57.55M | USD 101.60M | 24.5% | 0.72 | USD 126.45M | USD 151.91M | USD 272.00K |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-12 | USD 2.96B | 38.6 | n/a | n/a |
| 2025 | 2025-12-31 | USD 3.80B | n/a | n/a | n/a |
About Miami International Holdings Inc
Miami International Holdings, Inc., through its subsidiaries, builds and operates various financial marketplaces in the United States. It operates through Options, Equities, and International segments. The company's 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.
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Frequently asked questions
Is Miami International Holdings Inc overvalued or undervalued?
Bullrun's valuation model currently marks Miami International Holdings Inc as 11.8% overvalued.
What is Miami International Holdings Inc's market cap?
Miami International Holdings Inc's market capitalization is USD 2.96B.
What is Miami International Holdings Inc's P/E ratio?
Miami International Holdings Inc's price-to-earnings (P/E) ratio is 38.6.
What does Miami International Holdings Inc do?
Miami International Holdings, Inc., through its subsidiaries, builds and operates various financial marketplaces in the United States. It operates through Options, Equities, and International segments. The company's 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. It also trades Hard Red Spring Wheat futures and options on MIAX Futures; provides clearing services for U.S.