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Plus500 vs TP ICAP Group: Which Stock Looks Stronger in 2026?

Plus500 holds the cleaner structural position, with the lead spread across profitability and stability. TP ICAP does not offset that deficit through any equally strong structural edge elsewhere. The market setup is mixed, without a decisive signal in either direction. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the STOXX 600 universe, making them directly comparable.

Updated 2026-05-17

The result is anchored in profitability, but stability also reinforces the same direction. The overall score gap is 22 points in favour of Plus500 Ltd..

INDUSTRY COMPARISON

Both operate in: Capital Markets

This comparison is based on industry proximity, not on functional trajectory similarity. PLUS.L and TCAP.L share the same industry classification.

For a similarity-based comparison, see how Plus500 and TP ICAP each position within their functional peer groups in AssetNext.

Peer-Relative Score
PLUS.L
Plus500 Ltd.
74
Peer-Score
Signal qualitylow
Peer basis: STOXX 600
vs
TCAP.L
TP ICAP Group PLC
52
Peer-Score
Signal qualitylow
Peer basis: STOXX 600

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: PLUS.L vs TCAP.L Profitability 100 42 Stability 74 42 Valuation 75 77 Growth 33 39 PLUS.L TCAP.L
Gap Ranking
#1 Profitability +58
#2 Stability +32
#3 Growth +6
#4 Valuation +2
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for PLUS.L and TCAP.L Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer PLUS.LTCAP.L Relative valuation Structural strength

Structure clearly favours Plus500 Ltd., even though current pricing leans the other way.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Profitability
Both profiles are strong on profitability, but Plus500 Ltd. leads clearly.
Stability
On stability, the same pattern holds: both are strong, but Plus500 Ltd. still leads clearly.
Profitability — Dominant Gap
PLUS.L
100
TCAP.L
42
Gap+58in favour of PLUS.L

The profitability lead is mainly driven by a 27-point operating margin advantage.

What keeps the gap from being one-sided

TP ICAP Group PLC still carries lower volatility exposure — that difference is real enough to prevent the comparison from becoming one-sided.

What this means for the comparison

The lead is built on both profitability and stability, making it broader than a single-dimension result.

Explore full peer positioning in AssetNext

Break down the PLUS.L vs TCAP.L comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar profitability-and-stability comparisons

Explore how PLUS.L and TCAP.L each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.