Nasdaq, Inc. NDAQ
93.55
(1.00)
(1.06%)
as of 25 Sep
- Market cap
- $52.9B
- P/E
- 27.0×
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Nasdaq, Inc. (NDAQ) P/B ratio
As of 25 September 2026, Nasdaq, Inc. (NDAQ) trades at a P/B ratio of 4.4×. Over the past ten years it has ranged from 1.3× (January 2015) to 5.8× (December 2022); the current reading is higher than 83% of that period. That is above the Financial Data & Stock Exchanges industry median of 3.8× and above the Financial sector median of 1.3×.
P/B ratio, daily
Annual
| Period | P/B ratio | Change |
|---|---|---|
| FY2025 | 4.6× | 14.60% |
| FY2024 | 4.0× | 49.69% |
| FY2023 | 2.7× | (46.22%) |
| FY2022 | 4.9× | (9.29%) |
| FY2021 | 5.4× | 60.39% |
| FY2020 | 3.4× | 8.26% |
| FY2019 | 3.1× | 26.56% |
| FY2018 | 2.5× | 14.00% |
| FY2017 | 2.2× | 7.02% |
| FY2016 | 2.0× | 16.93% |
Quarterly
| Period | P/B ratio | Change |
|---|---|---|
| Jun 2026 | 3.7× | (7.24%) |
| Mar 2026 | 4.0× | (12.19%) |
| Dec 2025 | 4.6× | 7.99% |
| Sep 2025 | 4.2× | (2.96%) |
| 42 more quarters | Free account |
Against its own ten years
Low 1.3×
High 5.8×
Ten-year median
3.4×
Current reading's percentile
83
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| MSCI MSCI Inc compare | n/m |
| TRU TransUnion compare | 2.7× |
| ICE Intercontinental Exchange Inc. compare | 2.9× |
| CME CME Group Inc. compare | 3.6× |
| SPGI S&P Global Inc. compare | 3.8× |
| COIN Coinbase Global, Inc. compare | 3.9× |
| NDAQ Nasdaq, Inc. | 4.4× |
| CBOE Cboe Global Markets, Inc. compare | 4.8× |
| MCO Moody's Corporation compare | 25.8× |
| Financial Data & Stock Exchanges industry median | 3.8× |
| Financial sector median | 1.3× |
| Market median | 1.8× |
What P/B ratio is
Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.
Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))
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
- Price to free cash flow
- EV/EBITDA
- 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