LPL Financial Holdings Inc (LPLA) is undervalued and Tradeweb Markets Inc (TW) is fairly valued.
Against our estimates of intrinsic value, LPLA trades at the wider discount: a margin of safety of +47%, against +1% for TW.
Values as of the 16 Oct 2026 close.
Discounting its cash flows at 7.6% (average of 3 methods) values the shares at $610.62; the price of $320.96 is 47% below that value, and 82% of that value comes from beyond year five.
Leak Score 52/100 on 10 of 12 signals
Discounting its cash flows at 8.4% (average of 3 methods) values the shares at $114.15; the price of $113.49 is 1% below that value, and 79% of that value comes from beyond year five.
Leak Score 66/100 on 10 of 12 signals
| Metric | LPLA | TW |
|---|---|---|
| Verdict | Undervalued | Fairly valued |
| Price | $320.96 | $113.49 |
| Intrinsic value | $610.62 | $114.15 |
| Margin of safety | +47% | +1% |
| Leak Score | 52/100 (10/12) | 66/100 (10/12) |
| Market cap | $25.3B | $26.6B |
| Revenue growth, 5 years | 23.7% | 18.1% |
| Operating margin | 12.8% | 43.6% |
| Net margin | 5.1% | 40.6% |
| Return on equity | 18.6% | 14.1% |
| Debt to equity | 1.43 | 0.02 |
| P/E | 25.6x | 27.1x |
| Forward P/E | 10.6x | 24.4x |
| P/B | 4.4x | 3.6x |
| Dividend yield | 0.4% | 0.5% |