Forward PE Ratio: 21.40
The forward PE ratio is 21.40 as of Thursday, July 9, 2026.
Forward PE Ratio (21.40) = Close Price ($87.52) / Consensus Forward EPS ($3.94)
NDAQ Forward PE Ratio Metrics
FORWARD PE RATIO
21.40
NDAQ Competitors' Forward PE Ratio
Nasdaq, Inc.
Market Cap
$49.50B
Forward PE Ratio
21.40
Market Cap
$43.69B
Forward PE Ratio
N/A
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Nasdaq, Inc. (NDAQ) | $49.50B | 21.40 |
| State Street Corporation (STT)vs › | $49.86B | 13.84 |
| Discover Financial Services (DFS)vs › | $50.34B | 12.59 |
| Fifth Third Bancorp (FITB)vs › | $51.24B | 18.03 |
| Ameriprise Financial, Inc. (AMP)vs › | $44.96B | 11.01 |
| MSCI Inc. (MSCI)vs › | $43.92B | 30.65 |
| State Street SPDR Dow Jones Industrial Average ETF Trust (DIA)vs › | $43.69B | N/A |
| American International Group, Inc. (AIG)vs › | $41.94B | 9.89 |
| Coinbase Global, Inc. (COIN)vs › | $41.74B | 246.15 |
| MetLife, Inc. (MET)vs › | $58.65B | 9.09 |
Trailing vs Forward
Trailing P/E
25.4
reported TTM EPS
Forward P/E
21.4
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $3.94 implies +18.7% EPS growth vs the reported trailing $3.32.
Forward P/E by Fiscal Year
View All Analyst EstimatesAt today's $87.52 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 | $3.94 | $3.21 – $4.11 | 11 | 22.2x |
| 2027-12-31 | $4.44 | $3.56 – $4.62 | 11 | 19.7x |
| 2028-12-31 | $5.08 | $4.67 – $5.60 | 4 | 17.2x |
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.
Forward PE Ratio Formula & Definition
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
Forward PE Ratio FAQ
- What is the forward PE ratio for Nasdaq, Inc. (NDAQ)?
- The forward PE ratio for NDAQ stock is 21.40.
Related Metrics
About Nasdaq, Inc.
Nasdaq, Inc., a technology powerhouse founded in 1971 and based in New York City, is dedicated to supporting capital markets and various other sectors worldwide. Its Market Technology division specializes in fighting financial crime, offering products like Nasdaq Trade Surveillance, a SaaS solution that assists brokers and market participants in meeting compliance requirements and internal surveillance policies. This segment also provides Nasdaq Automated Investigator, a cloud-deployed anti-money laundering tool, and Verafin, a SaaS provider for anti-financial crime management. Furthermore, this division handles a wide array of assets, including cash equities, equity derivatives, global currencies, interest-bearing securities, commodities, energy resources, and digital currencies. The Investment Intelligence segment is responsible for distributing both historical and live market data, creating and licensing Nasdaq-branded financial indexes and products, and delivering valuable investment insights and workflow solutions. Through its Corporate Platforms, Nasdaq manages operational listing venues and furnishes specialized intelligence for investor relations, alongside comprehensive governance services. The Market Services segment covers a broad spectrum of operations, including the trading and clearing of equity derivatives, cash equities, fixed income, and commodities, in addition to providing trade management services. This division operates numerous exchanges and marketplace facilities that accommodate diverse asset classes such as derivatives, commodities, cash equity, debt, structured products, and exchange-traded products, while also offering crucial broker, clearing, settlement, and central depository functionalities. As of December 31, 2021, The Nasdaq Stock Market proudly listed 4,178 companies, specifically 1,632 on The Nasdaq Global Select Market, 1,169 on The Nasdaq Global Market, and 1,377 on The Nasdaq Capital Market. The company adopted its current name, Nasdaq, Inc., in September 2015, having previously been known as The NASDAQ OMX Group, Inc.
- Sector
- Financial Services
- Industry
- Financial - Data & Stock Exchanges
- CEO
- Adena T. Friedman