Nasdaq, Inc. Common Stock (NDAQ) Valuation
Historical valuation analysis based on 1279 data points (2021-09-14 to 2026-10-16)
Founded in 1971, Nasdaq is primarily known for its equity exchange, but in addition to its trading business (about 22.5% of sales), the company sells market and financial data to investors, offers...
Nasdaq, Inc. Common Stock (NDAQ) currently trades at a P/E ratio of 26.70 (historical range: 6.75–50.55, median: 26.68), placing it at the 50th percentile — near its historical average, P/S ratio of 6.00 (range: 1.37–8.00, 64th percentile — above its historical average), EV/EBITDA of 23.71 (range: 9.00–35.21, 49th percentile).
Over the historical period (2021-09-14 to 2026-10-16), Nasdaq, Inc. Common Stock's P/E ratio has expanded by 97% over the observed period (from an average of 18.2 to 35.8).
Nasdaq, Inc. Common Stock trades near its historical valuation range, with most metrics close to their median levels.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 26.70 | 26.68 | 50th | near its historical average |
| P/S Ratio | 6.00 | 5.35 | 64th | above its historical average |
| EV/EBITDA | 23.71 | 23.85 | 49th | near its historical average |
| FCF Yield | 3.71% | 4.43% | 17th | expensive relative to its history |
Nasdaq, Inc. Common Stock (NDAQ) Valuation & P/E History
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 currently trading at $93.97 with a market capitalization of $52.5 billion. This page provides historical valuation analysis for NDAQ based on 1279 data points covering 2021-09-14 to 2026-10-16. The P/E ratio of 26.70 is above the historical median of 26.68, placing NDAQ at the 50th percentile of its valuation range. The P/S ratio of 6.00 compares to a median of 5.35.
NDAQ Valuation Metrics & Historical Range
The valuation table above shows Nasdaq, Inc. Common Stock's current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether NDAQ is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests NDAQ is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for Nasdaq, Inc. Common Stock.
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is NDAQ Overvalued or Undervalued?
Nasdaq, Inc. Common Stock trades near its historical valuation range, with most metrics close to their median levels. The overall valuation percentile of 54 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive NDAQ is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full NDAQ analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.NDAQ trades on NYSE. This page is for informational purposes only and is not financial advice.