Security & Commodity Brokers, Dealers, Exchanges & Services stocks: intrinsic value, ROIC & growth
10 U.S. security & commodity brokers, dealers, exchanges & services companies with at least three years of SEC filings, ranked by size. 7 of the 10 with a current price trade below their Graham intrinsic value. The median company earned a 9.7% average return on invested capital and grew revenue 9.3% a year.
Updated October 18, 2026
10companies
7below Graham value
9.7%median 10-yr ROIC
9.3%median revenue CAGR
Most undervalued security & commodity brokers, dealers, exchanges & services stocks
| Ticker | Company | Upside | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|---|
| SNEX | StoneX Group Inc. | +121% | $57.16 | $126.43 | 55% below | $2.9B | 11.8% | -16.0% |
| LPLA | LPL Financial Holdings Inc. | +13% | $320.96 | $362.72 | 12% below | $25.4B | 15.4% | 17.3% |
| TW | Tradeweb Markets Inc. | +11% | $113.49 | $125.56 | 10% below | $24.4B | 6.5% | 17.6% |
| CBOE | Cboe Global Markets | +10% | $314.98 | $346.11 | 9% below | $33.1B | 20.1% | 23.5% |
| NDAQ | Nasdaq, Inc. | +9% | $93.97 | $102.64 | 8% below | $54.4B | 8.2% | 9.3% |
Highest-ROIC security & commodity brokers, dealers, exchanges & services stocks
| Ticker | Company | 10-yr ROIC | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|---|
| CBOE | Cboe Global Markets | 20.1% | $314.98 | $346.11 | 9% below | $33.1B | 20.1% | 23.5% |
| LPLA | LPL Financial Holdings Inc. | 15.4% | $320.96 | $362.72 | 12% below | $25.4B | 15.4% | 17.3% |
| SNEX | StoneX Group Inc. | 11.8% | $57.16 | $126.43 | 55% below | $2.9B | 11.8% | -16.0% |
| CME | CME Group | 9.7% | $293.87 | $235.89 | 25% above | $105.9B | 9.7% | 6.8% |
| NDAQ | Nasdaq, Inc. | 8.2% | $93.97 | $102.64 | 8% below | $54.4B | 8.2% | 9.3% |
| ICE | Intercontinental Exchange | 8.0% | $161.56 | $145.76 | 11% above | $92.9B | 8.0% | 12.2% |
| BGC | BGC Group, Inc. | 6.7% | $11.59 | $1.39 | 734% above | $5.6B | 6.7% | -0.8% |
| TW | Tradeweb Markets Inc. | 6.5% | $113.49 | $125.56 | 10% below | $24.4B | 6.5% | 17.6% |
All security & commodity brokers, dealers, exchanges & services stocks
| Ticker | Company | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|
| CME | CME Group | $293.87 | $235.89 | 25% above | $105.9B | 9.7% | 6.8% |
| ICE | Intercontinental Exchange | $161.56 | $145.76 | 11% above | $92.9B | 8.0% | 12.2% |
| NDAQ | Nasdaq, Inc. | $93.97 | $102.64 | 8% below | $54.4B | 8.2% | 9.3% |
| CBOE | Cboe Global Markets | $314.98 | $346.11 | 9% below | $33.1B | 20.1% | 23.5% |
| LPLA | LPL Financial Holdings Inc. | $320.96 | $362.72 | 12% below | $25.4B | 15.4% | 17.3% |
| TW | Tradeweb Markets Inc. | $113.49 | $125.56 | 10% below | $24.4B | 6.5% | 17.6% |
| BGC | BGC Group, Inc. | $11.59 | $1.39 | 734% above | $5.6B | 6.7% | -0.8% |
| SNEX | StoneX Group Inc. | $57.16 | $126.43 | 55% below | $2.9B | 11.8% | -16.0% |
| STEX | Streamex Corp. | $0.37 | $227.95 | 100% below | $17.9M | 917.1% | -17.9% |
| MGHL | MORGAN GROUP HOLDING CO | $2.20 | $71.43 | 97% below | $1.3M | -54.4% | -30.4% |
Stock lists
Undervalued Stocks Below Graham Intrinsic Value
Highest ROIC Stocks (10-Year Average)
Highest Free Cash Flow Yield Stocks
Fastest-Growing Stocks by 10-Year Revenue