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NasdaqXSWX:NDAQ +3.57%91 EV-to-EBITDA is 18.44 as of Jul. 17, 2026, which is 2% above its 10-year median of 18.03. GuruFocus rates XSWX:NDAQ with a GF Score™ of 91/100 and a GF Value™ of CHF60.45. The stock has 5 warning signs investors should review. Among 516 Capital Markets companies, Nasdaq ranks worse than 70.54% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Nasdaq's enterprise value is CHF48,856 Mil.
Nasdaq's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was CHF2,650 Mil. Therefore, Nasdaq's EV-to-EBITDA for today is 18.44.
The historical rank and industry rank for Nasdaq's EV-to-EBITDA or its related term are showing as below:
XSWX:NDAQ'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 11.67 Med: 18.03 Max: 35.01
Current: 18.18
During the past 13 years, the highest EV-to-EBITDA of Nasdaq was 35.01. The lowest was 11.67. And the median was 18.03.
XSWX:NDAQ's EV-to-EBITDA is ranked worse than 70.54% of 516
companies
in the Capital Markets industry
Industry Median: 9.895
vs XSWX:NDAQ: 18.18
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
As of today (2026-07-17), Nasdaq's stock price is CHF75.34.
Nasdaq's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was CHF2.648. Therefore, Nasdaq's PE Ratio (TTM) for today is 28.45.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
Nasdaq (XSWX:NDAQ) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Nasdaq's share price for today is CHF75.34.
Nasdaq's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF2.648.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Nasdaq's EV-to-EBITDA 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.
XSWX:NDAQ vs MSCI, COIN, CBOE: EV-to-EBITDA Comparison
For the Financial Data & Stock Exchanges subindustry, Nasdaq's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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 EV-to-EBITDA vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Nasdaq's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Nasdaq's EV-to-EBITDA falls into.
Nasdaq's current Enterprise Value is CHF48,856 Mil.
Nasdaq's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF2,650 Mil.
* 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 (XSWX:NDAQ) has a EV-to-EBITDA of 18.44 as of Jul. 17, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Nasdaq. This is near median its historical median of 18.03. Over the past decade, Nasdaq's EV-to-EBITDA has ranged from 11.67 to 35.01. According to the industry distribution chart, Nasdaq ranks #364 out of 516 companies in the Capital Markets industry, placing it in the top 70.5%.
Is Nasdaq's EV-to-EBITDA too high?
Nasdaq's current EV-to-EBITDA of 18.44 is near median its 10-year median of 18.03. Over the past 10 years, this metric has ranged from a low of 11.67 to a high of 35.01. The Capital Markets industry median EV-to-EBITDA is 9.90. Nasdaq's value of 18.44 is 86.4% above this industry median. Based on the distribution chart, Nasdaq ranks #364 out of 516 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Nasdaq has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.
How does Nasdaq's EV-to-EBITDA compare to MSCI and COIN?
According to the Capital Markets industry distribution chart, Nasdaq ranks #364 out of 516 companies for EV-to-EBITDA. This places Nasdaq in the lower half of its industry. The industry median EV-to-EBITDA is 9.90. Nasdaq's value of 18.44 is 86.4% above this benchmark. Historically, Nasdaq's own EV-to-EBITDA has ranged from 11.67 to 35.01 over the past decade. While the company's 10-year median is 18.03 vs. the industry median of 9.90, Nasdaq has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for a Capital Markets company?
The median EV-to-EBITDA among Capital Markets companies is 9.90, based on 516 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nasdaq's current EV-to-EBITDA of 18.44 is 86.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Nasdaq. For the Capital Markets industry, the median EV-to-EBITDA is 9.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nasdaq's current EV-to-EBITDA is 18.44, which is near median its own 10-year median of 18.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nasdaq stock overvalued right now?
Nasdaq (XSWX:NDAQ) has a current EV-to-EBITDA of 18.44. The stock's GF Value™ is CHF60.45, compared to a current price of CHF75.34 — trading 24.6% above its estimated fair value. The current EV-to-EBITDA is 18.44, which is near median its 10-year median of 18.03 and 86.4% above the Capital Markets industry median of 9.90. Nasdaq's overall GF Score™ is 91/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Nasdaq (XSWX:NDAQ), the current EV-to-EBITDA is 18.44 as of Jul. 17, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Nasdaq (XSWX:NDAQ) Overvalued in 2026?
Based on GuruFocus' analysis, Nasdaq stock appears to be overvalued.
The current stock price of CHF75.34 is trading 24.6% above its estimated GF Value™ of CHF60.45.
Key valuation signals for XSWX:NDAQ:
EV-to-EBITDA: 18.44 (near median its 10-year median of 18.03)
GF Value™: CHF60.45 vs. price of CHF75.34 (24.6% above fair value)
Industry Position: 86.4% above the Capital Markets median (#364 of 516)
No single metric tells the full story. See the XSWX:NDAQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 it seeks to become a diversified technology company.
91GF Score
Get the complete analysis for XSWX:NDAQ
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