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NasdaqXSWX:NDAQ 89 EV-to-OCF is 26.06 as of Jul. 23, 2026, which is 22% above its 10-year median of 21.41. GuruFocus rates XSWX:NDAQ with a GF Score™ of 89/100 and a GF Value™ of CHF61.00. The stock has 4 warning signs investors should review. Among 811 Capital Markets companies, Nasdaq ranks worse than 87.05% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Nasdaq's Enterprise Value is CHF47,517 Mil.
Nasdaq's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was CHF1,823 Mil. Therefore, Nasdaq's EV-to-OCF for today is 26.06.
The historical rank and industry rank for Nasdaq's EV-to-OCF or its related term are showing as below:
XSWX:NDAQ'
s EV-to-OCF Range Over the Past 10 Years
Min: 15.81 Med: 21.41 Max: 42.9
Current: 25.64
During the past 13 years, the highest EV-to-OCF of Nasdaq was 42.90. The lowest was 15.81. And the median was 21.41.
XSWX:NDAQ's EV-to-OCF is ranked worse than 87.05% of 811
companies
in the Capital Markets industry
Industry Median: 0.04
vs XSWX:NDAQ: 25.64
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
As of today (2026-07-23), Nasdaq's stock price is CHF74.02.
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 27.95.
Nasdaq (XSWX:NDAQ) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 CHF74.02.
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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Nasdaq EV-to-OCF Related Terms
Nasdaq EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Nasdaq's EV-to-OCF 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-OCF Comparison
For the Financial Data & Stock Exchanges subindustry, Nasdaq's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Nasdaq's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Nasdaq's EV-to-OCF falls into.
Nasdaq's current Enterprise Value is CHF47,517 Mil.
Nasdaq's Cash Flow from Operations 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 CHF1,823 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-OCF of 26.06 as of Jul. 23, 2026. This is 22% above median its historical median of 21.41. Over the past decade, Nasdaq's EV-to-OCF has ranged from 15.81 to 42.90. According to the industry distribution chart, Nasdaq ranks #706 out of 811 companies in the Capital Markets industry, placing it in the top 87.1%.
Is Nasdaq's EV-to-OCF too high?
Nasdaq's current EV-to-OCF of 26.06 is 22% above median its 10-year median of 21.41. Over the past 10 years, this metric has ranged from a low of 15.81 to a high of 42.90. The Capital Markets industry median EV-to-OCF is 0.04. Nasdaq's value of 26.06 is 65050% above this industry median. Based on the distribution chart, Nasdaq ranks #706 out of 811 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Nasdaq has a GF Score™ of 89/100, reflecting its overall financial health beyond just this single metric.
How does Nasdaq's EV-to-OCF compare to MSCI and COIN?
According to the Capital Markets industry distribution chart, Nasdaq ranks #706 out of 811 companies for EV-to-OCF. This places Nasdaq in the lower half of its industry. The industry median EV-to-OCF is 0.04. Nasdaq's value of 26.06 is 65050% above this benchmark. Historically, Nasdaq's own EV-to-OCF has ranged from 15.81 to 42.90 over the past decade. While the company's 10-year median is 21.41 vs. the industry median of 0.04, 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-OCF for a Capital Markets company?
The median EV-to-OCF among Capital Markets companies is 0.04, based on 811 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nasdaq's current EV-to-OCF of 26.06 is 65050% 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Capital Markets industry, the median EV-to-OCF is 0.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nasdaq's current EV-to-OCF is 26.06, which is 22% above median its own 10-year median of 21.41. 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-OCF of 26.06. The stock's GF Value™ is CHF61.00, compared to a current price of CHF74.02 — trading 21.3% above its estimated fair value. The current EV-to-OCF is 26.06, which is 22% above median its 10-year median of 21.41 and 65050% above the Capital Markets industry median of 0.04. Nasdaq's overall GF Score™ is 89/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Nasdaq (XSWX:NDAQ), the current EV-to-OCF is 26.06 as of Jul. 23, 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 CHF74.02 is trading 21.3% above its estimated GF Value™ of CHF61.00.
Key valuation signals for XSWX:NDAQ:
EV-to-OCF: 26.06 (22% above median its 10-year median of 21.41)
GF Value™: CHF61.00 vs. price of CHF74.02 (21.3% above fair value)
Industry Position: 65050% above the Capital Markets median (#706 of 811)
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.
89GF Score
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