Basis: FMP quote price / unrounded FMP forward EPS in the trading currency, available after its recorded retrieval time. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 22.09 as of 2026-09-17T16:36:41.651Z.
Consensus retrieved: 2026-09-13T23:26:56.294Z. This records retrieval, including cache reads, rather than vendor publication. The calculation uses the separately dated price and estimate available at its as-of time.
Calculation as of: 2026-09-17T16:36:41.651Z.
Quote observation: 2026-09-17T16:35:21.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 0b6259aa7556fb9a091e1ce33288f94e2ffc37f6c9be359bb04c3d749117485b
Forward PE Ratio (22.09) = Dated Quote Price ($91.20) / Consensus Forward EPS ($4.13)
FORWARD PE RATIO
22.09
SECTOR MEDIAN · FINANCIAL SERVICES
14.56
median of 87 covered companies
CURRENT VS SECTOR MEDIAN
+51.72%
vs the sector median at left
Nasdaq, Inc.
Market Cap
$50.98B
Forward PE Ratio
22.09
Market Cap
$43.59B
Forward PE Ratio
N/A
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Nasdaq, Inc. (NDAQ) | $50.98B | 22.09 |
| State Street Corporation (STT)vs › | $51.00B | 13.50 |
| Ameriprise Financial, Inc. (AMP)vs › | $49.24B | 11.79 |
| Fifth Third Bancorp (FITB)vs › | $48.20B | 17.38 |
| PayPal Holdings, Inc. (PYPL)vs › | $45.59B | 9.89 |
| Coinbase Global, Inc. (COIN)vs › | $44.90B | N/A |
| State Street SPDR Dow Jones Industrial Average ETF Trust (DIA)vs › | $43.59B | N/A |
| Aflac Incorporated (AFL)vs › | $59.44B | 16.66 |
| Ares Management Corporation (ARES)vs › | $41.48B | 21.56 |
| Truist Financial Corporation (TFC)vs › | $60.72B | 10.52 |
Trailing P/E
26.6
reported TTM EPS
Forward P/E
22.1
consensus EPS · fiscal year ending 2026-12-31
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 the dated quote price of $91.20, 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 | 22.1x |
| 2027-12-31 | $4.68 | $4.54 – $5.07 | 10 | 19.5x |
| 2028-12-31 | $5.33 | $5.06 – $5.81 | 5 | 17.1x |
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
