Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 22.86 as of Sunday, August 2, 2026.
Forward PE Ratio (22.86) = Close Price ($94.19) / Consensus Forward EPS ($4.12)
FORWARD PE RATIO
22.86
SECTOR MEDIAN · FINANCIAL SERVICES
14.28
median of 83 covered companies
CURRENT VS SECTOR MEDIAN
+60.08%
vs the sector median at left
Nasdaq, Inc.
Market Cap
$52.65B
Forward PE Ratio
22.86
Market Cap
$44.83B
Forward PE Ratio
N/A
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Nasdaq, Inc. (NDAQ) | $52.65B | 22.86 |
| Fifth Third Bancorp (FITB)vs › | $51.21B | 18.42 |
| State Street Corporation (STT)vs › | $50.97B | 13.57 |
| PayPal Holdings, Inc. (PYPL)vs › | $50.47B | 10.68 |
| Discover Financial Services (DFS)vs › | $50.34B | 12.59 |
| Ameriprise Financial, Inc. (AMP)vs › | $49.07B | 11.77 |
| State Street SPDR Dow Jones Industrial Average ETF Trust (DIA)vs › | $44.83B | N/A |
| MetLife, Inc. (MET)vs › | $61.85B | 9.76 |
| Prudential Financial, Inc. (PRU)vs › | $42.36B | 8.83 |
| Ares Management Corporation (ARES)vs › | $42.07B | 21.68 |
Trailing P/E
27.5
reported TTM EPS
Forward P/E
22.9
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $4.12 implies +20.1% EPS growth vs the reported trailing $3.43.
At today's $94.19 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 | $4.12 | $3.95 – $4.25 | 10 | 22.9x |
| 2027-12-31 | $4.65 | $4.40 – $5.08 | 10 | 20.2x |
| 2028-12-31 | $5.31 | $5.06 – $5.75 | 5 | 17.7x |
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
