Miami International Holdings, Inc. (MIAX) Fair Value 2026

MIAX · Capital Markets ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

6.9 /10

32 fundamental signals · 3 models active

Value Trap Risk

SAFE (10/100)

Quick Summary — As of 2026-08-28, Miami International Holdings, Inc. (MIAX) trades at $43.00, versus a $21.38 median fair value across its 3 active models — 50.3% below the current price. QOC: 6.9/10. Value Trap Risk: 10/100 (SAFE). 3/13 models active.

Key Facts

Ticker
MIAX
Price
$43.00
Quality Score
6.9/10
Value Trap Risk
10/100
Models Active
3/13
Last Updated
Strength: 3 independent models provide multi-angle coverage
Risk: Majority of models suggest overvaluation

Is Miami International Holdings, Inc. (MIAX) Undervalued or Overvalued in 2026?

According to CirclFi’s 3-model valuation engine, Miami International Holdings, Inc. (MIAX) appears overvalued as of : the median of 3 independent fair value estimates is $21.38, 50.3% below the current price of $43.00. Estimates range from $13.36 to $39.21. MIAX scores 6.9/10 on fundamental quality and 10/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.4% versus its own 13-model consensus, across 3,809 rated companies as of 2026-08-28. MIAX’s -50.3% gap is wider than that market norm, and the Capital Markets sector median is -32.3%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy Miami International Holdings, Inc. Stock in 2026? →

What Fair Value Does Each Model Give MIAX?

3 Intrinsic Value Models vs. Current Price ($43.00)

Core Models (Unlocked)
Model Fair Value Upside
Intrinsic · High Conviction
 $13.36 -68.9%
Relative · Medium Conviction
 $39.21 -8.8%
Relative · Low Conviction
 $21.38 -50.3%

All Models Active

All 3 models are displayed above.

What Is MIAX's Fair Value Range?

Spread across 3 independent models · $13.36 to $39.21

CirclFi's 3 active models place Miami International Holdings, Inc. (MIAX) between $13.36 and $39.21 per share, a spread of 121% of the median. The median of that range — $21.38 — is the fair value CirclFi publishes for MIAX, against a current price of $43.00.

Low · ML-RIVHigh · Regime Cross
$13.36median $21.38$39.21
Where the range comes from
Most bearish modelML Residual Income$13.36
Most bullish modelRegime Cross-Sectional$39.21
Model agreement0 bullish · 3 bearishwide

A band this wide is itself the finding. When independent methods land far apart, they are reading a business whose value depends heavily on which lens you apply — volatile earnings, heavy reinvestment, or an asset base that cash-flow and asset-based methods score differently. That disagreement is information: it says the choice of method matters more than usual for MIAX. Treat the median as one reading among several and compare the individual models below before acting.

Every figure above is one model's standalone output on MIAX, not a CirclFi price target. How each model works →

What Is Miami International Holdings, Inc. (MIAX) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, Miami International Holdings, Inc.'s intrinsic value is estimated at $21.38, suggesting the stock is overvalued at its current price of $43.00. With 3 out of 3 models flagging downside (-50.3% vs price), the market may be pricing in unsustainable growth. The most optimistic model, Regime Cross, places fair value at $39.21 (-8.8%), while ML-RIV — the most conservative — estimates $13.36 (-68.9%). This +60.1% gap reflects genuine analytical uncertainty about Miami International Holdings, Inc.'s intrinsic worth.

What Do the Models Say About MIAX?

3 of 13 models are currently active for MIAX. All 3 active models suggest the stock trades above fair value. Taken together, their median fair value for MIAX is $21.38 — the figure CirclFi publishes as this stock's fair value. See which stocks rank higher →

How Does MIAX Rank in Capital Markets?

Among 103 Capital Markets stocks, MIAX ranks #33 by Quality of Company score. CirclFi's QOC score of 6.9/10 evaluates 32 fundamental signals. A score of 6.9 indicates above-average quality.

See all Most Undervalued Capital Markets Stocks →

As a banking sector, Miami International Holdings, Inc. operates in a sector where net interest margin (NIM) is a critical driver of valuation. Investors evaluating MIAX should weigh these sector-specific dynamics alongside our model-derived fair values.

Is MIAX a Value Trap?

CirclFi's Value Trap algorithm assigns MIAX a score of 10/100 (SAFE). This indicates minimal risk. Fundamentals are healthy. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

3 of 13 models are active for Miami International Holdings, Inc.. Limited activation may indicate insufficient history. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi 32-factor quality framework, Miami International Holdings, Inc.'s fundamental quality profile registers 6.9/10. This respectable score captures the company's profitability depth, growth consistency, balance sheet resilience, and shareholder return track record.

The gap between the most bullish and bearish model spans +60.1% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every MIAX valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across MIAX's 3 active models, average confidence is 38%. Lower confidence may reflect limited history or high volatility.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy Miami International Holdings, Inc. Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Capital Markets Stocks Should You Also Analyze?

11 related Capital Markets stocks with 13-model coverage

JEFJefferies Financial Group Inc.QOC 7.0CANGCango Inc.QOC 6.8MSMorgan StanleyQOC 7.1CRCLCircle Internet GroupQOC 6.7NMRNomura Holdings, Inc.QOC 7.1RIOTRiot Platforms, Inc.QOC 6.6MEGLMagic Empire Global LimitedQOC 5.6MWAIMedwellAI, Inc.QOC 4.3IBKRInteractive Brokers Group, Inc.QOC 9.0FUTUFutu Holdings LimitedQOC 9.8HOODRobinhood Markets, Inc.QOC 9.7

Read investment analysis: JEF · CANG · MS · CRCL · NMR · RIOT · MEGL · MWAI · IBKR · FUTU · HOOD

Which Other Stocks Have a Similar Quality Score to MIAX?

7 companies across all industries closest to MIAX’s Quality of Company score of 6.9/10.

NLNLI Holdings, Inc.QOC 6.9DRVNDriven Brands Holdings Inc.QOC 6.9LIENChicago Atlantic BDC, Inc.QOC 6.9NEOGNeogen CorporationQOC 6.9CGAUCenterra Gold Inc.QOC 6.9CCSCentury Communities, Inc.QOC 6.9NVDANVIDIA CorporationQOC 10.0

Read investment analysis: NL · DRVN · LIEN · NEOG · CGAU · CCS · NVDA

Where Does MIAX Sit in CirclFi's Capital Markets Rankings?

MIAX is ranked against every other Capital Markets stock CirclFi covers in each of these screens.

See all Capital Markets stocks ranked →

What Else Do Investors Ask About Miami International Holdings, Inc.’s Valuation?

What is Miami International Holdings, Inc.'s intrinsic value in 2026?

CirclFi puts Miami International Holdings, Inc. (MIAX)'s intrinsic value at $21.38 — the median of 3 independent model estimates as of 2026-08-28, ranging from $13.36 to $39.21. The Quality of Company score is 6.9/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is MIAX overvalued or undervalued right now?

At $43.00, 0 of 3 active models suggest MIAX may be undervalued, while 3 indicate potential overvaluation. The median of all 3 fair value estimates is $21.38, 50.3% below the current price of $43.00 — a consensus view that MIAX is overvalued. The assessment depends on which methodology best fits Miami International Holdings, Inc.'s business model in Capital Markets.

What does a Quality of Company score of 6.9 mean for MIAX?

Miami International Holdings, Inc.'s QOC of 6.9/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores between 5-7 reflect moderate fundamentals with areas for improvement.

How many valuation models does CirclFi run on MIAX?

CirclFi analyzes MIAX with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 3 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on MIAX?

Of the 3 models currently active on MIAX, Regime Cross-Sectional is the most bullish at $39.21 per share, and ML Residual Income is the most bearish at $13.36. CirclFi's published fair value for MIAX is the median of that range, $21.38, not either extreme. The gap between the two ends equals 121% of the median — a wide spread, meaning the methods genuinely disagree and the median should carry less weight. Browse stocks by value-trap risk →

Is MIAX a value trap in 2026?

Miami International Holdings, Inc.'s Value Trap score is 10/100 (SAFE). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap.

Cite this analysis — “According to CirclFi’s 3-model valuation engine, Miami International Holdings, Inc. (MIAX) has a median fair value of $21.38 — 50.3% below the current price of $43.00 — as of 2026-08-28.” Source: circlfi.com/stock/MIAX/ · Methodology
Primary sources for this MIAX valuation
  • Financial statements: Miami International Holdings, Inc. 10-K and 10-Q filings on SEC EDGAR (CIK 0001438472) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for MIAX as of ; valuations recomputed .