Is It Too Late To Consider StoneX Group (SNEX) After A 58% One Year Surge?

Simply Wall St

Thu, February 26, 2026 at 12:11 PM GMT+9 5 min read

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If you are wondering whether StoneX Group at US$128.10 is still offering value after a strong run, this article will walk through what the current price might be implying.

The stock has been flat over the past 7 days, but it has posted returns of 18.8% over 30 days, 31.5% year to date and 58.4% over 1 year, with a very large 3 year gain of 180.9% and around 4x over 5 years.

These moves sit against a backdrop of ongoing interest in listed financial services platforms, regulatory developments that affect trading and clearing businesses, and investor focus on scale players in global markets. Together, those themes help frame why expectations around StoneX Group may have shifted and why valuation is now front of mind.

On our checks, StoneX Group scores 1 out of 6 for potential undervaluation, so we will look at what different valuation methods suggest about the current price and then finish with a way to assess value that goes beyond just the numbers.

StoneX Group scores just 1/6 on our valuation checks. See what other red flags we found in the full valuation breakdown.

Approach 1: StoneX Group Excess Returns Analysis

The Excess Returns model looks at how much profit a company generates above the return that equity investors are assumed to require, then capitalises those excess profits into an estimate of intrinsic value per share.

For StoneX Group, the model uses a Book Value of $48.17 per share and a Stable EPS estimate of $5.09 per share, based on the median return on equity from the past 5 years. The Average Return on Equity used in the model is 15.08%, while the Cost of Equity is set at $4.16 per share. That gap produces an Excess Return of $0.93 per share on a Stable Book Value of $33.77 per share, again drawn from the median book value over the past 5 years.

Feeding these inputs into the Excess Returns framework gives an estimated intrinsic value of $44.17 per share. With the current share price at US$128.10, the model implies the stock is around 190.0% above this estimate. Within this framework, that indicates potential overvaluation based on this method alone.

Result: OVERVALUED

Our Excess Returns analysis suggests StoneX Group may be overvalued by 190.0%. Discover 53 high quality undervalued stocks or create your own screener to find better value opportunities.

SNEX Discounted Cash Flow as at Feb 2026

Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for StoneX Group.

Story Continues  

Approach 2: StoneX Group Price vs Earnings

For a profitable business like StoneX Group, the P/E ratio is a useful shorthand for what the market is currently willing to pay for each dollar of earnings. It links directly to the bottom line, which many investors focus on when weighing what they get for the current share price.

What counts as a “normal” or “fair” P/E usually reflects how the market views a company’s growth potential and risk profile. Higher growth or lower perceived risk can justify a higher P/E, while slower growth or higher risk often lines up with a lower multiple.

StoneX Group currently trades on a P/E of 19.34x. That sits below the broader Capital Markets industry average of 22.95x and above the peer group average of 16.70x. Simply Wall St’s Fair Ratio for the company is 16.33x, which is its proprietary view of what the P/E could be given StoneX Group’s earnings profile, industry, margins, size and risk characteristics. Because it is tailored to the company, this Fair Ratio can be more informative than a simple comparison with peers or the industry.

Set against the Fair Ratio of 16.33x, the current P/E of 19.34x points to the shares trading on a richer multiple.

Result: OVERVALUED

NasdaqGS:SNEX P/E Ratio as at Feb 2026

P/E ratios tell one story, but what if the real opportunity lies elsewhere? Start investing in legacies, not executives. Discover our 21 top founder-led companies.

Upgrade Your Decision Making: Choose your StoneX Group Narrative

Earlier we mentioned that there is an even better way to understand valuation, so let us introduce you to Narratives, which are simply your story about a company linked directly to the numbers you think are reasonable for its fair value, future revenue, earnings and margins.

On Simply Wall St, Narratives live on the Community page and give you a straightforward way to connect a company’s story to a financial forecast and then to a fair value that you can compare with the current share price when you are thinking about buying or selling.

Because Narratives on the platform are updated when fresh information arrives, such as company news or earnings releases, your view on StoneX Group can stay aligned with what is actually happening rather than a static, one off model.

For example, one StoneX Group Narrative may reflect a very cautious view with modest growth and a conservative fair value. Another may reflect a more optimistic view with stronger assumptions and a higher fair value. Seeing both side by side helps you decide which story you find more reasonable.

Do you think there’s more to the story for StoneX Group? Head over to our Community to see what others are saying!

NasdaqGS:SNEX 1-Year Stock Price Chart

_ This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned._

Companies discussed in this article include SNEX.

Have feedback on this article? Concerned about the content? Get in touch with us directly._ Alternatively, email editorial-team@simplywallst.com_

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