Stock Analysis
Nasdaq, Inc. Common StockNDAQ
P/E 26.70×· 5Y range 6.75–50.55×· 50th percentile of history
Sector: Financial Services · Industry: Security & Commodity Brokers, Dealers, Exchanges & Services
AnalystsStrong Buy24 analystsP/E 26.7× sits at the 50th percentile of its 5.086926762491444-year history.
Cash covers 6% of debt · Q2 2026.
PMP Verdict
High quality, fairly valued
Strengths
- Quality92
- Profitability82
Risks
- Financial Health45
Strong fundamentals at a reasonable valuation.
Bull Case
- ✓Piotroski F-Score 9/9 — high earnings quality
- ✓ROE 16.4% — efficient capital deployment
What's happening with NDAQ
Profile
Strong earnings quality and profitability; financial health and valuation lag behind.
How is each axis scored?
- Valuation48/100 · Weak
- P/E vs own history (50th pct)12/25
- FCF yield (3.7%)12/25
- P/S (6.0x)12/25
- EV/EBIT (23.7x)12/25
- Growth64/100 · Moderate
- Revenue CAGR (8.8%)12/25
- Net income CAGR (10.8%)20/25
- EPS CAGR 5Y (7.1%)12/25
- Fwd implied growth (27.9%)20/25
- Profitability82/100 · Strong
- ROIC (9.8%)12/25
- ROE (16.4%)20/25
- Net margin (22.5%)25/25
- Operating margin (29.5%)25/25
- Financial Health45/100 · Weak
- Altman Z (2.96)18/25
- Current ratio (1.01)12/25
- Interest coverage (3.8x)10/25
- Net cash / debt (D/A 32%)5/25
- Quality92/100 · Strong
- Piotroski F (9/9)25/25
- Beneish M (-2.49)20/25
- FCF conversion (99%)22/25
- Margin stability (σ 3.3%)25/25
- Moat62/100 · Moderate
- ROIC >12% years (0/10 yrs)0/25
- Median gross margin (60.4%)25/25
- FCF-positive years (10/10 yrs)25/25
- Worst-year net margin (worst 2.9%)12/25
About Nasdaq, Inc. Common Stock
Founded in 1971, Nasdaq is primarily known for its equity exchange, but in addition to its trading business (about 22. Show more
5% of sales), the company sells market and financial data to investors, offers Nasdaq-branded indexes, and lists companies through its capital access segment (42.5%). Nasdaq's newest segment, financial technology, was primarily constructed through the acquisitions of Verafin and Adenza and has expanded the company into capital management, financial crime, and regulatory compliance software (35%) as it seeks to become a diversified technology company.
Headquarters: NEW YORK, NY · Employees: 9,630 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
48D+P/E (TTM)26.7xC
Grade C: ExpensivePrice / TTM EPS (own statements) — vs own 5Y history: 6.7x–50.5x · 50th pct
P/FCF26.6xB
Grade B: FairPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield3.7%C
Grade C: LowTTM (OCF − CapEx) / Market Cap — vs own 5Y history: 3.0%–17.0% · 17th pct
P/S (TTM)6.00xC
Grade C: ExpensivePrice / TTM Revenue (own statements) — vs own 5Y history: 1.4x–8.0x · 64th pct
EV/EBIT23.7xC
Grade C: ExpensiveEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 9.0x–35.2x · 49th pct
EV/Sales6.9xC
Grade C: ExpensiveEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E20.9xB
Grade B: FairPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio4.38xC
Grade C: ExpensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio1.62B
Grade B: FairFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield1.22%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio32.3%A
Grade A: SafeDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
82AROIC9.8%C
Grade C: AverageNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE16.4%C
Grade C: AverageReturn on Equity. Neg. equity = heavy buybacks
ROA6.8%C
Grade C: AverageReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin22.5%A
Grade A: HighNet Income / Revenue
Operating Margin29.5%A
Grade A: HighTTM EBIT / TTM Revenue
Gross Margin64.1%A
Grade A: PremiumGross Profit / Revenue
FCF Margin22.3%A
Grade A: HighFCF / Revenue
True FCF Margin20.3%A
Grade A: HighTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
64BRevenue CAGR8.8%C
Grade C: OkCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR10.8%C
Grade C: OkCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)7.1%C
Grade C: OkCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth27.9%C
Grade C: MedAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)—
Share count change over 5Y
SBC / Net Income8.7%A
Grade A: LowStock-based comp/Net income. >30% = dilution risk
SBC / Revenue2.0%A
Grade A: LowTTM stock-based comp / TTM Revenue
Financial Health
45D+Altman Z-Score2.96C
Grade C: Gray zoneBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio1.01xC
Grade C: OkCurrent Assets/Liabilities
Quick Ratio1.01xA
Grade A: High(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage3.8xC
Grade C: OkEBIT/Interest. >10 Strong
Debt Repayment4.5yC
Grade C: AverageYears to repay net debt via FCF
Net Debt/EBIT3.4xC
Grade C: MedLeverage. <2x Low, >4x High
Debt/Equity0.78xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.06xD
Grade D: ThinCash covers how much of total debt. >1 = could repay all debt from cash
Quality
92A+Piotroski F-Score9/9A
Grade A: StrongFinancial strength 0–9. >7 Strong
Beneish M-Score-2.49A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion99.2%A
Grade A: StrongFCF / Net Income
Margin Stability3.3%A
Grade A: StableEBIT margin std deviation. Lower = stable
Capex / Revenue3.4%A
Grade A: Asset-lightTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.30xD
Grade D: LowRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
SKULE JEREMY Filed | SKULE JEREMY | SellOpen market sale | -1125 | |
SKULE JEREMY Filed | SKULE JEREMY | Tax withholding | -1262 | |
SKULE JEREMY Filed | SKULE JEREMY | SellOpen market sale | -1125 | |
SKULE JEREMY Filed | SKULE JEREMY | SellOpen market sale | -1125 | |
SKULE JEREMY Filed | SKULE JEREMY | SellOpen market sale | -2250 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Griggs PC Nelson Filed | Griggs PC Nelson | SellOpen market sale | -3226 | |
Peterson Bradley J Filed | Peterson Bradley J | SellOpen market sale | -6000 | |
Smith Bryan Everard Filed | Smith Bryan Everard | SellOpen market sale | -1556 |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
62BROIC >12% Years0/10 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)60.4%A
Grade A: DurableMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years10/10 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor2.9%C
Grade C: ModerateWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$3.52
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$1.28
Cash & short-term investments per share (Finnhub)
Book Value / Share$21.33
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$9.32B
Total debt obligations (short + long term)
Cash & Equiv.$555.00M
Cash and short-term investments
Net Debt$8.76B
Total Debt minus Cash. Negative = Net Cash position
Total Equity$11.99B
Shareholders' equity (book value)
Asset / Liability1.78xC
Grade C: AdequateTotal Assets / Total Liabilities
Market
Market Cap$52.53B
Current Market Capitalization
Beta1.01B
Grade B: MarketPrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Nasdaq, Inc. Common Stock (NDAQ)
NDAQ is up 0.50% at the last close. Nasdaq, Inc. Common Stock meets 9 of 9 Piotroski F-Score criteria, placing its fundamental strength in the top tier of US-listed stocks. Altman Z-Score of 2.96 falls in the grey zone (1.81–2.99) — financial distress is unlikely but not ruled out.
- Beneish M-Score of -2.49 suggests a low likelihood of earnings manipulation.
- Nasdaq, Inc. Common Stock converts about 22% of revenue into free cash flow — strong cash generation.
- Takes ~4.5 years to repay net debt from free cash flow.
See how NDAQ ranks on the Capex Tracker — top 50 capital spenders compared.
No significant market moves for NDAQ in the last 30 days.
See NDAQ move history →Frequently Asked Questions about NDAQ
What is the current Nasdaq, Inc. Common Stock (NDAQ) stock price?
NDAQ is trading at $93.97 at the last market close, up 0.50% on the session. PreMarketPrice tracks NDAQ pre-market, intraday and after-hours prices.
Is NDAQ stock a buy right now?
PreMarketPrice's quantitative model rates Nasdaq, Inc. Common Stock's financial health at 45/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is NDAQ stock overvalued?
Nasdaq, Inc. Common Stock trades at a trailing P/E of 26.7 and our valuation score rates it 48/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Nasdaq, Inc. Common Stock report earnings?
No confirmed earnings date is currently scheduled for NDAQ. The Earnings section lists recent reports and updates as dates are announced.
What sector does Nasdaq, Inc. Common Stock operate in?
Nasdaq, Inc. Common Stock operates in the Financial Services sector, within the Security & Commodity Brokers, Dealers, Exchanges & Services industry. The Related Stocks section lists sector peers for comparison.
What does Nasdaq, Inc. Common Stock do?
Founded in 1971, Nasdaq is primarily known for its equity exchange, but in addition to its trading business (about 22.
About Nasdaq, Inc. Common Stock (NDAQ) Stock
Nasdaq, Inc. Common Stock (NDAQ) is a US-listed stock operating in the Financial Services sector, specifically the Security & Commodity Brokers, Dealers, Exchanges & Services industry. As of the latest update, Nasdaq, Inc. Common Stock is trading at $93.97, up 0.50% on the day with a market capitalization of $52.5 billion. The financial health score for NDAQ is 45/100, which indicates moderate financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for NDAQ stock.
NDAQ Stock Analysis & Key Metrics
On PreMarketPrice, you can track Nasdaq, Inc. Common Stock (NDAQ) across multiple dimensions:
- Pre-market price & movement: Real-time NDAQ stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for NDAQ with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Nasdaq, Inc. Common Stock across multiple reporting periods.
- Financial health score: A composite score of 45/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for NDAQ.
- Sector peers: Compare NDAQ against 6 other financial services stocks on key financial metrics.
Is NDAQ a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Nasdaq, Inc. Common Stock (NDAQ) as an investment. The financial health score of 45/100 suggests moderate financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Nasdaq, Inc. Common Stock (NDAQ) trades on NYSE. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.