TP ICAP PLC
LSE:TCAP

Watchlist Manager
TP ICAP PLC Logo
TP ICAP PLC
LSE:TCAP
Watchlist
Price: 311 GBX 0.39%
Market Cap: £2.3B

EV/EBIT

4
Current
200%
Cheaper
vs 3-y average of -3.9

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
4
=
Enterprise Value
GBX833.9m
/
EBIT
£262m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
4
=
Enterprise Value
GBX833.9m
/
EBIT
£262m

Valuation Scenarios

TP ICAP PLC is trading above its industry average

If EV/EBIT returns to its Industry Average (0), the stock would be worth GBX2.23 (99% downside from current price).

Statistics
Positive Scenarios
0/2
Maximum Downside
-99%
Maximum Upside
No Upside Scenarios
Average Downside
99%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 4 GBX311
0%
Industry Average 0 GBX2.23
-99%
Country Average 0 GBX2.31
-99%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
GBX833.9m
/
Jan 2026
£262m
=
4
Current
GBX833.9m
/
Dec 2026
£365.5m
=
2.3
Forward
GBX833.9m
/
Dec 2027
£385m
=
2.2
Forward
GBX833.9m
/
Dec 2028
£359m
=
2.3
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close

Market Distribution

Higher than 92% of companies in United Kingdom
Percentile
92st
Based on 1 864 companies
92st percentile
4
Low
0 — 0
Typical Range
0 — 0.1
High
0.1 —
Distribution Statistics
United Kingdom
Min 0
30th Percentile 0
Median 0
70th Percentile 0.1
Max 1 015

TP ICAP PLC
Glance View

Market Cap
2.3B GBX
Industry
Financial Services

TP ICAP PLC stands at the intersection of finance and commerce, operating as a leading interdealer broker that plays a pivotal role in global markets. Established from the merger of Tullett Prebon and ICAP's voice-broking business, the company serves as a conduit for energy and commodities trading, making its profits by facilitating transactions between investment banks, hedge funds, and other sophisticated trading entities. TP ICAP's brokering operations involve matching buyers and sellers in financial markets, providing liquidity and price discovery in areas such as equities, fixed income, and derivatives. By leveraging its extensive network and market insights, the company earns commissions on the trades it brokers, forming the cornerstone of its revenue model. In addition to its core brokerage services, TP ICAP has diversified its business through data and analytics solutions, recognizing the surging demand for high-quality market data and cutting-edge analytical tools. These services offer clients valuable insights and trends, which are essential for informed trading strategies and risk management. Empowering clients with this data expertise not only enhances TP ICAP's value proposition but also provides a steady revenue stream beyond the often-volatile broking commissions. As financial markets become increasingly interconnected and complex, TP ICAP's blend of traditional brokering and modern data solutions positions it uniquely within the finance sector, continuously adapting to the needs of a fast-evolving marketplace.

TCAP Intrinsic Value
436.88 GBX
Undervaluation 29%
Intrinsic Value
Price GBX311
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett