NasdaqMEX:NDAQ 83 ROE % is 17.13% as of Mar. 2026, which is 28% above its 10-year median of 13.43. GuruFocus rates MEX:NDAQ with a GF Score™ of 83/100 and a GF Value™ of MXN1,378.70 (Fairly Valued). The stock has 3 warning signs investors should review. Among 791 Capital Markets companies, Nasdaq ranks better than 76.11% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Nasdaq's annualized net income for the quarter that ended in Mar. 2026 was MXN37,436 Mil. Nasdaq's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was MXN218,572 Mil. Therefore, Nasdaq's annualized ROE % for the quarter that ended in Mar. 2026 was 17.13%.
The historical rank and industry rank for Nasdaq's ROE % or its related term are showing as below:
MEX:NDAQ'
s ROE % Range Over the Past 10 Years
Min: 1.92 Med: 13.43 Max: 18.51
Current: 16.03
During the past 13 years, Nasdaq's highest ROE % was 18.51%. The lowest was 1.92%. And the median was 13.43%.
MEX:NDAQ's ROE % is ranked better than 76.11% of 791
companies
in the Capital Markets industry
Industry Median: 6
vs MEX:NDAQ: 16.03
Nasdaq (MEX:NDAQ) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Nasdaq ROE % Related Terms
Nasdaq ROE % Historical Data
* Premium members only.
The historical data trend for Nasdaq's ROE % 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.
For the Financial Data & Stock Exchanges subindustry, Nasdaq's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Nasdaq's ROE % distribution charts can be found below:
* The bar in red indicates where Nasdaq's ROE % falls into.
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Nasdaq (MEX:NDAQ) has a ROE % of 17.13% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Nasdaq and its competitors. This is 28% above median its historical median of 13.43. Over the past decade, Nasdaq's ROE % has ranged from 1.92 to 18.51. According to the industry distribution chart, Nasdaq ranks #189 out of 791 companies in the Capital Markets industry, placing it in the top 23.9%.
Is Nasdaq's ROE % too high?
Nasdaq's current ROE % of 17.13% is 28% above median its 10-year median of 13.43. Over the past 10 years, this metric has ranged from a low of 1.92 to a high of 18.51. The Capital Markets industry median ROE % is 6.00. Nasdaq's value of 17.13% is 185.5% above this industry median. Based on the distribution chart, Nasdaq ranks #189 out of 791 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Nasdaq has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nasdaq's ROE % compare to COIN and MSCI?
According to the Capital Markets industry distribution chart, Nasdaq ranks #189 out of 791 companies for ROE %. This places Nasdaq in the top 24% of its industry — outperforming the majority of peers. The industry median ROE % is 6.00. Nasdaq's value of 17.13% is 185.5% above this benchmark. Historically, Nasdaq's own ROE % has ranged from 1.92 to 18.51 over the past decade. While the company's 10-year median is 13.43 vs. the industry median of 6.00, 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 ROE % for a Capital Markets company?
The median ROE % among Capital Markets companies is 6.00, based on 791 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nasdaq's current ROE % of 17.13% is 185.5% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Nasdaq and its competitors. For the Capital Markets industry, the median ROE % is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nasdaq's current ROE % is 17.13%, which is 28% above median its own 10-year median of 13.43. 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?
Based on GuruFocus' analysis, Nasdaq (MEX:NDAQ) is currently considered Fairly Valued. The stock's GF Value™ is MXN1,378.70, compared to a current price of MXN1,452.00 — trading 5.3% above its estimated fair value. The current ROE % is 17.13%, which is 28% above median its 10-year median of 13.43 and 185.5% above the Capital Markets industry median of 6.00. Nasdaq's overall GF Score™ is 83/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Nasdaq (MEX:NDAQ), the current ROE % is 17.13% as of Mar. 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 (MEX:NDAQ) Overvalued in 2026?
Based on GuruFocus' analysis, Nasdaq stock appears to be overvalued.
The current stock price of MXN1,452.00 is trading 5.3% above its estimated GF Value™ of MXN1,378.70.
GuruFocus considers Nasdaq to be Fairly Valued.
Key valuation signals for MEX:NDAQ:
ROE %: 17.13% (28% above median its 10-year median of 13.43)
GF Value™: MXN1,378.70 vs. price of MXN1,452.00 (5.3% above fair value)
Industry Position: 185.5% above the Capital Markets median (#189 of 791)
No single metric tells the full story. See the MEX: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.
83GF Score
Get the complete analysis for MEX:NDAQ
ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:NDAQ has been successfully added to your 
