Nasdaq, Inc. (NDAQ)
NASDAQFinancialsFinancial - Data & Stock ExchangesSnapshot 2026-09-04
$96.88-1.85%
Close 2026-09-04 · 1-day change
NASDAQFinancialsFinancial - Data & Stock ExchangesSnapshot 2026-09-04
QuarterlyIQ Insights · NDAQ
Price, fair value, and the multiples that frame it on the same time axis. Scroll over the price chart to zoom.
Daily closes. Earnings/event dots inline.
A consensus fair price across 13 valuation methods, at three horizons. As of 2026-09-04. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $97 the market pays 25× p/e — above the 12× p/e peer median but in line with its own 24× history. That premium reflects a durable franchise our peer-anchored $72 fair value understates; treat the 'expensive vs peers' read with low confidence. Analysts target $110–$120. Note: our $72 fair value sits below the entire analyst range ($110–$120). Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Score 100 = cheapest in the cohort, 0 = richest. Bars are filled left-to-right based on the peer-relative score (or PEG/self-history where shown).
Each method's implied share price per horizon. Provisional rows use a projected (historical-CAGR) growth input rather than analyst or management guidance.
| Method | Horizon | Est. price | Multiple | Per-share input | EPS source | Confidence |
|---|---|---|---|---|---|---|
| analyst target | 12M | $112.00 | — | — | Analyst | high |
| dcf fcfe | 12M | $54.58 | — | — | Hist. CAGR | high |
| dcf fcff | 12M | $77.50 | — | — | Hist. CAGR | high |
| ddm gordon | 12M | $17.94 | — | — | TTM | high |
| graham number | 12M |
A “consensus-then vs. actual-now” overlay is on the way — what our valuation estimate said on a past date versus where the price actually landed.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A long-thesis check that carries the widest uncertainty of the three horizons.
Above average on quality vs scored peers
A second lens on the 12-month fair value: for companies that score high on measured quality (profitability, balance-sheet safety, earnings stability), this read trusts more of today's profit margins instead of averaging them toward their multi-year history the way the headline number does. Shown alongside the fair value above, not in place of it. A diagnostic, not a price target or a buy/sell signal.
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
$110.00 – $120.00 (median $112.00) · 5 analysts · as of 2026-07-24
No fragility gates fired. Regime (Mania) does not concentrate fragility.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Looks more expensive than peers.
Around its own typical valuation.
Trailing four: 2025-Q2, 2025-Q3, 2026-Q1, 2026-Q2
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
| $42.89 |
| — |
| — |
| TTM |
| high |
| Peer P/B | 12M | $28.32 | 1.3 | 21.12 | TTM | high |
| Peer P/FCF | 12M | $38.01 | 11.1 | 3.44 | TTM | high |
| Peer P/E | 12M | $50.16 | 11.2 | 4.50 | ntm analyst | high |
| Peer P/S | 12M | $44.27 | 2.9 | 15.38 | TTM | high |
| PEG | 12M | $110.10 | 28.4 | 3.87 | TTM | high |
| residual income | 12M | $28.75 | — | — | TTM | high |
| Own P/E history | 12M | $94.19 | 24.3 | 3.87 | TTM | high |
| triangulated | 12M | $48.98 | 12.4 | 3.95 | Triangulated | high |
| Peer P/B | 3Y | $43.07 | 1.3 | 32.13 | Hist. CAGR(prov.) | medium |
| Peer P/FCF | 3Y | $47.82 | 11.1 | 4.32 | Hist. CAGR(prov.) | medium |
| Peer P/E | 3Y | $31.51 | 11.2 | 2.83 | Analyst | medium |
| Peer P/S | 3Y | $22.04 | 2.9 | 7.66 | Analyst | medium |
| PEG | 3Y | $167.44 | 28.4 | 5.89 | Analyst | medium |
| Own P/E history | 3Y | $143.25 | 24.3 | 5.89 | Analyst | medium |
| Peer P/B | 5Y | $56.96 | 1.3 | 42.49 | Hist. CAGR(prov.) | medium |
| Peer P/FCF | 5Y | $55.72 | 11.1 | 5.04 | Hist. CAGR(prov.) | medium |
| Peer P/E | 5Y | $19.79 | 11.2 | 1.77 | Analyst | medium |
| Peer P/S | 5Y | $13.84 | 2.9 | 4.81 | Analyst | medium |
| PEG | 5Y | $221.44 | 28.4 | 7.78 | Analyst | medium |
| Own P/E history | 5Y | $189.45 | 24.3 | 7.78 | Analyst | medium |