Obermatt

Nasdaq

NSQ:NDAQ · US6311031081
Capital MarketsLarge

360

28
Medium confidence — indicative
EV / EBIT32
Price / Owner Earnings32
Owner Earnings Yield19
Dividend Yield97
Price/Sales16
EV / Gross Profit33
Price/Book37
Returns on capital40
Profit margins58
Cash Conversion43
Accruals60
Owner Earnings Margin74
Sales growth
Profit Growth51
Long-Term EPS Growth53
Owner Earnings Growth60
Reinvestment89
Price momentum63
Debt load50
Debt serviceability91
Liquidity21
Analyst ratings84
Opinion Changes50
Price Target Upside61
Market mood100
Value Creation20/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Nasdaq generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryUSA
IndustryCapital Markets
SizeLarge
TypePublic Company
ExchangeNASDAQGS
Founded1979
Employees8,763
Websitenasdaq.com
ISINUS6311031081
Last UpdateApr 2, 2026
Themes
Anti-FraudOnline Analysis and ReferenceDigital BrokeragePredictive AnalyticsCloud Data ServicesDigital Asset ManagementFintechRegTechFinancial ServicesMobile Apps

Description

Nasdaq, Inc. (Nasdaq) operates as a technology platform that powers the world’s economies. The company empowers economic opportunity by designing and deploying technology, data, and advanced analytics that enable the company’s clients to capture opp…

Analysis

Hope premium

Nasdaq, Inc. is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium.

On valuation, the picture is fair. The owner-earnings multiple stands at 21.5×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 7% a year, against analyst forecasts of 13%. The price, in other words, assumes less than the experts do.

Growth is moderate; the safety picture is stretched. The company scores 20/20 on our value-creation score: strong value creator.

Flags to be aware of: A large part of the company's book value is the price paid for past acquisitions. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
28
2023202420252026

All-time high

84

Mar 2025

All-time low

11

Jan 2024

Average rank

42

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
16
24
30
28
Price/Earnings
96
34
40
27
Price/Book
37
43
30
25
Dividend Yield
97
36
51
48
Value (overall)
22
22
37
18

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →