Nasdaq forward PE NDAQ

Share price divided by analysts' consensus earnings for the next twelve months, since 2004.

Today, Oct 23, 2026: 23.5×
10-year median: 20.3×
Against its 10-year history: 81st; percentile: 0 is its lowest day, 100 its highest
10-year range: 13.8× to 28.0×
Peer median: 24.5×

Nasdaq's forward PE is 23.5× as of Oct 23, 2026.

That is above its ten-year median of 20.3×, higher than on 81% of days in the last ten years.

Over that time it ranged from 13.8× in Mar 2020 to 28.0× in Nov 2021.

The median for 9 financial data and exchange stocks of a similar size is 24.5×.

Forward PE over time

median 20.3×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	23.5×	18.8×	26.2×
2025	25.8×	20.3×	26.3×
2024	24.6×	20.3×	26.1×
2023	21.6×	17.7×	23.8×
2022	23.1×	18.7×	25.9×
2021	27.7×	19.3×	28.0×
2020	19.9×	13.8×	21.0×
2019	19.2×	16.6×	20.3×
2018	16.6×	16.1×	20.1×
2017	17.5×	16.4×	18.6×
2016	17.4×	15.9×	19.1×
2015	16.6×	14.0×	17.1×
2014	15.7×	12.6×	15.7×
2013	14.8×	11.0×	14.9×
2012	10.4×	9.2×	11.3×
2011	10.3×	8.6×	11.9×
2010	10.2×	8.8×	12.3×
2009	11.0×	9.8×	14.2×
2008	12.7×	8.1×	20.0×
2007	10.7×	5.9×	10.7×

Against its peers

Companies in Financial - Data & Stock Exchanges nearest Nasdaq's size, closest first, today.

Company	Forward PE
NDAQNasdaq	23.5×
MSCIMSCI	29.2×
COINCoinbase Global	217×
MCOMoody's	27.2×
ICEIntercontinental Exchange	19.6×
CBOECboe Global Markets	23.8×
CMECME	24.5×
SPGIS&P Global	23.9×
TRUTransUnion	n/m
SNEXStoneX	n/m
Peer median	24.5×

Where Nasdaq ranks

#56of 69Financial stocks with the lowest forward PE

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

More on Nasdaq

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.