NasdaqXSWX:NDAQ -2.29%91 EV-to-FCF is 26.06 as of Jun. 27, 2026, which is 6% above its 10-year median of 24.59. GuruFocus rates XSWX:NDAQ with a GF Score™ of 91/100 and a GF Value™ of CHF63.12. The stock has 3 warning signs investors should review. Among 444 Capital Markets companies, Nasdaq ranks worse than 75.23% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Nasdaq's Enterprise Value is CHF41,755 Mil.
Nasdaq's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was CHF1,602 Mil. Therefore, Nasdaq's EV-to-FCF for today is 26.06.
The historical rank and industry rank for Nasdaq's EV-to-FCF or its related term are showing as below:
XSWX:NDAQ'
s EV-to-FCF Range Over the Past 10 Years
Min: 17.27 Med: 24.59 Max: 55.28
Current: 25.7
During the past 13 years, the highest EV-to-FCF of Nasdaq was 55.28. The lowest was 17.27. And the median was 24.59.
XSWX:NDAQ's EV-to-FCF is ranked worse than 75.23% of 444
companies
in the Capital Markets industry
Industry Median: 9.175
vs XSWX:NDAQ: 25.70
EV-to-FCF 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 (2026-06-27), Nasdaq's stock price is CHF63.99.
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 24.17.
Nasdaq (XSWX:NDAQ) EV-to-FCF Explanation
EV-to-FCF 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 CHF63.99.
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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Nasdaq EV-to-FCF Related Terms
Nasdaq EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Nasdaq's EV-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.
XSWX:NDAQ vs COIN, MSCI, CBOE: EV-to-FCF Comparison
For the Financial Data & Stock Exchanges subindustry, Nasdaq's EV-to-FCF, along with its competitors' market caps and EV-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 EV-to-FCF vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Nasdaq's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Nasdaq's EV-to-FCF falls into.
Nasdaq's current Enterprise Value is CHF41,755 Mil.
Nasdaq's Free Cash Flow 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 CHF1,602 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-FCF of 26.06 as of Jun. 27, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Nasdaq and its competitors. This is near median its historical median of 24.59. Over the past decade, Nasdaq's EV-to-FCF has ranged from 17.27 to 55.28. According to the industry distribution chart, Nasdaq ranks #334 out of 444 companies in the Capital Markets industry, placing it in the top 75.2%.
Is Nasdaq's EV-to-FCF too high?
Nasdaq's current EV-to-FCF of 26.06 is near median its 10-year median of 24.59. Over the past 10 years, this metric has ranged from a low of 17.27 to a high of 55.28. The Capital Markets industry median EV-to-FCF is 9.18. Nasdaq's value of 26.06 is 184% above this industry median. Based on the distribution chart, Nasdaq ranks #334 out of 444 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. 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-FCF compare to COIN and MSCI?
According to the Capital Markets industry distribution chart, Nasdaq ranks #334 out of 444 companies for EV-to-FCF. This places Nasdaq in the lower half of its industry. The industry median EV-to-FCF is 9.18. Nasdaq's value of 26.06 is 184% above this benchmark. Historically, Nasdaq's own EV-to-FCF has ranged from 17.27 to 55.28 over the past decade. While the company's 10-year median is 24.59 vs. the industry median of 9.18, 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-FCF for a Capital Markets company?
The median EV-to-FCF among Capital Markets companies is 9.18, based on 444 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nasdaq's current EV-to-FCF of 26.06 is 184% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Nasdaq and its competitors. For the Capital Markets industry, the median EV-to-FCF is 9.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nasdaq's current EV-to-FCF is 26.06, which is near median its own 10-year median of 24.59. 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-FCF of 26.06. The stock's GF Value™ is CHF63.12, compared to a current price of CHF63.99 — trading 1.4% above its estimated fair value. The current EV-to-FCF is 26.06, which is near median its 10-year median of 24.59 and 184% above the Capital Markets industry median of 9.18. Nasdaq's overall GF Score™ is 91/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Nasdaq (XSWX:NDAQ), the current EV-to-FCF is 26.06 as of Jun. 27, 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 CHF63.99 is trading 1.4% above its estimated GF Value™ of CHF63.12.
Key valuation signals for XSWX:NDAQ:
EV-to-FCF: 26.06 (near median its 10-year median of 24.59)
GF Value™: CHF63.12 vs. price of CHF63.99 (1.4% above fair value)
Industry Position: 184% above the Capital Markets median (#334 of 444)
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
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