Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 23.77.
Forward PE Ratio (23.77) = Close Price ($98.22) / Consensus Forward EPS ($4.13)
FORWARD PE RATIO
23.77
SECTOR MEDIAN · FINANCIAL SERVICES
14.80
median of 83 covered companies
CURRENT VS SECTOR MEDIAN
+60.61%
vs the sector median at left
Nasdaq, Inc.
Market Cap
$54.90B
Forward PE Ratio
23.77
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Nasdaq, Inc. (NDAQ) | $54.90B | 23.77 |
| PayPal Holdings, Inc. (PYPL)vs › | $52.65B | 11.44 |
| State Street Corporation (STT)vs › | $51.79B | 13.72 |
| Aflac Incorporated (AFL)vs › | $59.08B | 16.54 |
| Ameriprise Financial, Inc. (AMP)vs › | $49.95B | 11.95 |
| Fifth Third Bancorp (FITB)vs › | $49.68B | 17.91 |
| Coinbase Global, Inc. (COIN)vs › | $49.20B | N/A |
| MetLife, Inc. (MET)vs › | $60.70B | 9.46 |
| Truist Financial Corporation (TFC)vs › | $62.82B | 10.89 |
| Ares Management Corporation (ARES)vs › | $46.39B | 24.08 |
Trailing P/E
28.6
reported TTM EPS
Forward P/E
23.8
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $4.13 implies +20.4% EPS growth vs the reported trailing $3.43.
At today's $98.22 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $4.13 | $4.08 – $4.24 | 10 | 23.8x |
| 2027-12-31 | $4.67 | $4.53 – $5.07 | 10 | 21.0x |
| 2028-12-31 | $5.32 | $5.07 – $5.78 | 5 | 18.4x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
