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Nasdaq (LTS:0K4T) Cyclically Adjusted Price-to-FCF : 32.44 (As of May. 12, 2025)


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What is Nasdaq Cyclically Adjusted Price-to-FCF?

As of today (2025-05-12), Nasdaq's current share price is $79.1593. Nasdaq's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $2.44. Nasdaq's Cyclically Adjusted Price-to-FCF for today is 32.44.

The historical rank and industry rank for Nasdaq's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

LTS:0K4T' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 20.96   Med: 27.18   Max: 46.07
Current: 32.28

During the past years, Nasdaq's highest Cyclically Adjusted Price-to-FCF was 46.07. The lowest was 20.96. And the median was 27.18.

LTS:0K4T's Cyclically Adjusted Price-to-FCF is ranked worse than
65.32% of 222 companies
in the Capital Markets industry
Industry Median: 19.53 vs LTS:0K4T: 32.28

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Nasdaq's adjusted free cash flow per share data for the three months ended in Mar. 2025 was $1.059. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $2.44 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nasdaq Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Nasdaq's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Nasdaq Cyclically Adjusted Price-to-FCF Chart

Nasdaq Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.80 44.01 32.57 27.23 32.62

Nasdaq Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.42 26.64 31.70 32.62 30.92

Competitive Comparison of Nasdaq's Cyclically Adjusted Price-to-FCF

For the Financial Data & Stock Exchanges subindustry, Nasdaq's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nasdaq's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Nasdaq's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Nasdaq's Cyclically Adjusted Price-to-FCF falls into.


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Nasdaq Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Nasdaq's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=79.1593/2.44
=32.44

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nasdaq's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Nasdaq's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1.059/134.9266*134.9266
=1.059

Current CPI (Mar. 2025) = 134.9266.

Nasdaq Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.271 100.684 0.363
201509 0.066 100.392 0.089
201512 0.420 99.792 0.568
201603 0.459 100.470 0.616
201606 0.289 101.688 0.383
201609 0.057 101.861 0.076
201612 0.463 101.863 0.613
201703 0.407 102.862 0.534
201706 0.479 103.349 0.625
201709 0.112 104.136 0.145
201712 0.507 104.011 0.658
201803 0.708 105.290 0.907
201806 0.498 106.317 0.632
201809 -0.026 106.507 -0.033
201812 0.640 105.998 0.815
201903 0.633 107.251 0.796
201906 0.285 108.070 0.356
201909 0.152 108.329 0.189
201912 0.600 108.420 0.747
202003 0.708 108.902 0.877
202006 0.801 108.767 0.994
202009 -0.127 109.815 -0.156
202012 0.748 109.897 0.918
202103 0.702 111.754 0.848
202106 0.068 114.631 0.080
202109 0.392 115.734 0.457
202112 0.656 117.630 0.752
202203 1.136 121.301 1.264
202206 0.671 125.017 0.724
202209 0.385 125.227 0.415
202212 0.926 125.222 0.998
202303 1.061 127.348 1.124
202306 0.760 128.729 0.797
202309 0.532 129.860 0.553
202312 0.681 129.419 0.710
202403 0.848 131.776 0.868
202406 0.705 132.554 0.718
202409 0.325 133.029 0.330
202412 1.112 133.157 1.127
202503 1.059 134.927 1.059

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Nasdaq  (LTS:0K4T) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Nasdaq Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Nasdaq's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Nasdaq Business Description

Industry
Address
151 W. 42nd Street, New York, NY, USA, 10036
Founded in 1971, Nasdaq is primarily known for its equity exchange, but in addition to its trading business (about 22.5% of sales), the company sells market and financial data to investors, offers Nasdaq-branded indexes, and lists companies through its capital access segment (42.5%). Nasdaq's newest segment, financial technology, was primarily constructed through the acquisitions of Verafin and Adenza and has expanded the company into capital management, financial crime, and regulatory compliance software (35%) as the firm seeks to become a diversified technology company.

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