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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
NasdaqXSWX:NDAQ +0.44%87 Equity-to-Asset is 0.44 as of Jun. 2026, which is 19% above its 10-year median of 0.37. GuruFocus rates XSWX:NDAQ with a GF Score™ of 87/100 and a GF Value™ of CHF61.28. The stock has 4 warning signs investors should review. Among 815 Capital Markets companies, Nasdaq ranks worse than 54.72% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Nasdaq's Total Stockholders Equity for the quarter that ended in Jun. 2026 was CHF9,582 Mil. Nasdaq's Total Assets for the quarter that ended in Jun. 2026 was CHF21,854 Mil.
Therefore, Nasdaq's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.44.
The historical rank and industry rank for Nasdaq's Equity-to-Asset or its related term are showing as below:
XSWX:NDAQ'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.24 Med: 0.37 Max: 0.44
Current: 0.44
During the past 13 years, the highest Equity to Asset Ratio of Nasdaq was 0.44. The lowest was 0.24. And the median was 0.37.
XSWX:NDAQ's Equity-to-Asset is ranked worse than 54.72% of 815
companies
in the Capital Markets industry
Industry Median: 0.5
vs XSWX:NDAQ: 0.44
Nasdaq (XSWX:NDAQ) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Nasdaq Equity-to-Asset Related Terms
Nasdaq Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Nasdaq's Equity-to-Asset 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: Equity-to-Asset Comparison
For the Financial Data & Stock Exchanges subindustry, Nasdaq's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Nasdaq's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Nasdaq's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Nasdaq's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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 Equity-to-Asset of 0.44 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Nasdaq and its competitors. This is 19% above median its historical median of 0.37. Over the past decade, Nasdaq's Equity-to-Asset has ranged from 0.24 to 0.44. According to the industry distribution chart, Nasdaq ranks #446 out of 815 companies in the Capital Markets industry, placing it in the top 54.7%.
Is Nasdaq's Equity-to-Asset too high?
Nasdaq's current Equity-to-Asset of 0.44 is 19% above median its 10-year median of 0.37. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 0.44. The Capital Markets industry median Equity-to-Asset is 0.50. Nasdaq's value of 0.44 is 12% below this industry median. Based on the distribution chart, Nasdaq ranks #446 out of 815 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Nasdaq has a GF Score™ of 87/100, reflecting its overall financial health beyond just this single metric.
How does Nasdaq's Equity-to-Asset compare to MSCI and COIN?
According to the Capital Markets industry distribution chart, Nasdaq ranks #446 out of 815 companies for Equity-to-Asset. This places Nasdaq in the lower half of its industry. The industry median Equity-to-Asset is 0.50. Nasdaq's value of 0.44 is 12% below this benchmark. Historically, Nasdaq's own Equity-to-Asset has ranged from 0.24 to 0.44 over the past decade. While the company's 10-year median is 0.37 vs. the industry median of 0.50, Nasdaq has consistently been below 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 Equity-to-Asset for a Capital Markets company?
The median Equity-to-Asset among Capital Markets companies is 0.50, based on 815 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nasdaq's current Equity-to-Asset of 0.44 is 12% below 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Nasdaq and its competitors. For the Capital Markets industry, the median Equity-to-Asset is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nasdaq's current Equity-to-Asset is 0.44, which is 19% above median its own 10-year median of 0.37. 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 Equity-to-Asset of 0.44. The stock's GF Value™ is CHF61.28, compared to a current price of CHF75.34 — trading 22.9% above its estimated fair value. The current Equity-to-Asset is 0.44, which is 19% above median its 10-year median of 0.37 and 12% below the Capital Markets industry median of 0.50. Nasdaq's overall GF Score™ is 87/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Nasdaq (XSWX:NDAQ), the current Equity-to-Asset is 0.44 as of Jun. 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 22.9% above its estimated GF Value™ of CHF61.28.
Key valuation signals for XSWX:NDAQ:
Equity-to-Asset: 0.44 (19% above median its 10-year median of 0.37)
GF Value™: CHF61.28 vs. price of CHF75.34 (22.9% above fair value)
Industry Position: 12% below the Capital Markets median (#446 of 815)
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.
87GF Score
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