Interactive Brokers Group, Inc.

NasdaqGS:IBKR Stock Report

Market Cap: US$74.3b

Interactive Brokers Group Valuation

Is IBKR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of IBKR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IBKR ($175.92) is trading above our estimate of fair value ($80.71)

Significantly Below Fair Value: IBKR is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IBKR?

Key metric: As IBKR is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for IBKR. This is calculated by dividing IBKR's market cap by their current earnings.
What is IBKR's PE Ratio?
PE Ratio27.4x
EarningsUS$698.00m
Market CapUS$74.33b

Price to Earnings Ratio vs Peers

How does IBKR's PE Ratio compare to its peers?

The above table shows the PE ratio for IBKR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.3x
HOOD Robinhood Markets
64.5x17.1%US$33.9b
SCHW Charles Schwab
29x19.4%US$136.0b
RJF Raymond James Financial
15.4x6.0%US$31.6b
LPLA LPL Financial Holdings
24.4x15.8%US$24.6b
IBKR Interactive Brokers Group
27.4x3.4%US$74.3b

Price-To-Earnings vs Peers: IBKR is good value based on its Price-To-Earnings Ratio (27.4x) compared to the peer average (33.3x).

Price to Earnings Ratio vs Industry

How does IBKR's PE Ratio compare vs other companies in the US Capital Markets Industry?

22 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ADX Adams Diversified Equity Fund
3.6xn/aUS$2.26b
CET Central Securities
4.4xn/aUS$1.29b
GAM General American Investors Company
4.2xn/aUS$1.20b
MUDS Mudrick Capital Acquisition Corporation II
3.4xn/aUS$401.64m
IBKR 27.4xIndustry Avg. 23.6xNo. of Companies73PE020406080100+
22 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: IBKR is expensive based on its Price-To-Earnings Ratio (27.4x) compared to the US Capital Markets industry average (23.6x).

Price to Earnings Ratio vs Fair Ratio

What is IBKR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IBKR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.4x
Fair PE Ratio20x

Price-To-Earnings vs Fair Ratio: IBKR is expensive based on its Price-To-Earnings Ratio (27.4x) compared to the estimated Fair Price-To-Earnings Ratio (20x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst IBKR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$175.92
US$195.80
+11.3%
19.5%US$288.00US$140.00n/a10
Dec ’25US$191.09
US$166.80
-12.7%
8.0%US$190.00US$140.00n/a10
Nov ’25US$153.78
US$166.40
+8.2%
8.1%US$190.00US$140.00n/a10
Oct ’25US$138.27
US$149.00
+7.8%
8.0%US$180.00US$135.00n/a10
Sep ’25US$128.89
US$144.20
+11.9%
10.3%US$180.00US$118.00n/a10
Aug ’25US$119.01
US$145.00
+21.8%
10.1%US$180.00US$118.00n/a10
Jul ’25US$126.75
US$134.60
+6.2%
6.8%US$152.00US$118.00n/a10
Jun ’25US$125.72
US$133.40
+6.1%
6.4%US$152.00US$118.00n/a10
May ’25US$116.90
US$132.70
+13.5%
6.7%US$152.00US$118.00n/a10
Apr ’25US$112.05
US$117.60
+5.0%
9.8%US$139.00US$100.00n/a10
Mar ’25US$110.48
US$114.10
+3.3%
9.6%US$139.00US$100.00n/a10
Feb ’25US$90.87
US$110.30
+21.4%
9.4%US$139.00US$100.00n/a10
Jan ’25US$82.90
US$105.20
+26.9%
10.4%US$128.00US$83.00n/a10
Dec ’24US$78.14
US$106.60
+36.4%
9.7%US$128.00US$86.00US$191.0910
Nov ’24US$78.56
US$107.33
+36.6%
9.9%US$128.00US$86.00US$153.789
Oct ’24US$86.56
US$107.50
+24.2%
8.2%US$125.00US$97.00US$138.278
Sep ’24US$92.53
US$109.00
+17.8%
7.8%US$125.00US$99.00US$128.897
Aug ’24US$88.79
US$109.00
+22.8%
7.8%US$125.00US$99.00US$119.017
Jul ’24US$83.07
US$110.14
+32.6%
13.6%US$143.00US$97.00US$126.757
Jun ’24US$78.47
US$109.00
+38.9%
14.3%US$141.00US$97.00US$125.726
May ’24US$77.18
US$109.00
+41.2%
14.3%US$141.00US$97.00US$116.906
Apr ’24US$82.56
US$107.40
+30.1%
14.4%US$130.00US$90.00US$112.055
Mar ’24US$87.32
US$102.67
+17.6%
14.7%US$130.00US$90.00US$110.486
Feb ’24US$82.27
US$102.00
+24.0%
14.2%US$130.00US$90.00US$90.876
Jan ’24US$72.35
US$95.83
+32.5%
15.1%US$126.00US$84.00US$82.906
Dec ’23US$78.65
US$95.43
+21.3%
14.1%US$126.00US$84.00US$78.147

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:20
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Interactive Brokers Group, Inc. is covered by 26 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Benjamin BudishBarclays
Craig SiegenthalerBofA Global Research
Christopher AllenBuckingham Research Group Inc.