Nasdaq, Inc. NDAQ
- Market cap
- $52.9B
- P/E
- 27.0×
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Nasdaq, Inc. (NDAQ) EV/EBITDA
As of 25 September 2026, Nasdaq, Inc. (NDAQ) trades at a EV/EBITDA of 18.7×. Over the past ten years it has ranged from 10.9× (January 2015) to 25.5× (November 2024); the current reading is higher than 65% of that period. That is above the Financial Data & Stock Exchanges industry median of 15.6× and above the Financial sector median of 9.5×.
EV/EBITDA, daily
Annual
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2025 | 21.4× | (2.22%) |
| FY2024 | 21.9× | 8.77% |
| FY2023 | 20.1× | 4.37% |
| FY2022 | 19.3× | (17.23%) |
| FY2021 | 23.3× | 37.00% |
| FY2020 | 17.0× | 0.39% |
| FY2019 | 17.0× | 31.41% |
| FY2018 | 12.9× | (6.35%) |
| FY2017 | 13.8× | (0.86%) |
| FY2016 | 13.9× | 3.14% |
Quarterly
| Period | EV/EBITDA | Change |
|---|---|---|
| Jun 2026 | 16.2× | (11.00%) |
| Mar 2026 | 18.2× | (15.25%) |
| Dec 2025 | 21.4× | 3.74% |
| Sep 2025 | 20.6× | (5.67%) |
| 42 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| TRU TransUnion compare | 11.7× |
| CBOE Cboe Global Markets, Inc. compare | 13.6× |
| ICE Intercontinental Exchange Inc. compare | 14.9× |
| SPGI S&P Global Inc. compare | 15.6× |
| NDAQ Nasdaq, Inc. | 18.7× |
| CME CME Group Inc. compare | 20.4× |
| MCO Moody's Corporation compare | 21.0× |
| MSCI MSCI Inc compare | 22.2× |
| COIN Coinbase Global, Inc. compare | 60.8× |
| Financial Data & Stock Exchanges industry median | 15.6× |
| Financial sector median | 9.5× |
| Market median | 11.0× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on NDAQ
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement