Nasdaq (MEX:NDAQ) Shiller PE Ratio: 37.49 (As of Sep. 17, 2026) — Near Median

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MEX:NDAQ Nasdaq Inc MEX:NDAQ
82 GF Score
Price MXN1,600.00
GF Value MXN1,372.22
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Nasdaq Shiller PE Ratio?

Nasdaq MEX:NDAQ 82 Shiller PE Ratio is 37.49 as of Sep. 17, 2026, which is 5% below its 10-year median of 39.54. GuruFocus rates MEX:NDAQ with a GF Score™ of 82/100 and a GF Value™ of MXN1,372.22 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 475 Capital Markets companies, Nasdaq ranks worse than 76.21% on this metric.

As of today (2026-09-17), Nasdaq's current share price is MXN1600.00. Nasdaq's E10 for the quarter that ended in Jun. 2026 was MXN42.68. Nasdaq's Shiller PE Ratio for today is 37.49.

The historical rank and industry rank for Nasdaq's Shiller PE Ratio or its related term are showing as below:

MEX:NDAQ' s Shiller PE Ratio Range Over the Past 10 Years
Min: 27.3   Med: 39.54   Max: 58.63
Current: 41.26

During the past years, Nasdaq's highest Shiller PE Ratio was 58.63. The lowest was 27.30. And the median was 39.54.

MEX:NDAQ's Shiller PE Ratio is ranked worse than
76.21% of 475 companies
in the Capital Markets industry
Industry Median: 20.58 vs MEX:NDAQ: 41.26

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Nasdaq's adjusted earnings per share data for the three months ended in Jun. 2026 was MXN15.534. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is MXN42.68 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nasdaq  (MEX:NDAQ) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Nasdaq Shiller PE Ratio Related Terms


Nasdaq Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Nasdaq's Shiller PE Ratio 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.

Nasdaq Shiller PE Ratio Chart

Nasdaq Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 62.86 43.07 31.58 46.97 45.47

Nasdaq Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Shiller PE Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 44.77 42.16 45.18 36.24 32.24

MEX:NDAQ vs COIN, MSCI, CBOE: Shiller PE Ratio Comparison

For the Financial Data & Stock Exchanges subindustry, Nasdaq's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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 Shiller PE Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Nasdaq's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Nasdaq's Shiller PE Ratio falls into.


MEX:NDAQ
82GF Score
Nasdaq Inc MEX:NDAQ
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nasdaq Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Nasdaq's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=1600.00/42.676
=37.49

* 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's E10 for the quarter that ended in Jun. 2026 is calculated as:

For example, Nasdaq's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=15.5339/333.9520*333.9520
=15.534

Current CPI (Jun. 2026) = 333.9520.

Nasdaq Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 4.832 241.428 6.684
201612 -8.935 241.432 -12.359
201703 6.700 243.801 9.177
201706 5.380 244.955 7.334
201709 5.944 246.819 8.043
201712 9.160 246.524 12.408
201803 6.556 249.554 8.773
201806 6.274 251.989 8.315
201809 6.165 252.439 8.155
201812 -1.768 251.233 -2.349
201903 9.465 254.202 12.435
201906 6.641 256.143 8.659
201909 5.817 256.759 7.565
201912 7.772 256.974 10.100
202003 8.133 258.115 10.523
202006 11.284 257.797 14.617
202009 11.614 260.280 14.901
202012 9.182 260.474 11.772
202103 12.102 264.877 15.258
202106 13.675 271.696 16.808
202109 11.299 274.310 13.756
202112 10.560 278.802 12.649
202203 11.607 287.504 13.482
202206 12.397 296.311 13.971
202209 11.991 296.808 13.492
202212 9.547 296.797 10.742
202303 11.388 301.836 12.600
202306 9.573 305.109 10.478
202309 10.154 307.789 11.017
202312 6.284 306.746 6.841
202403 6.868 312.332 7.344
202406 6.612 314.175 7.028
202409 10.004 315.301 10.596
202412 12.306 315.605 13.022
202503 13.900 319.799 14.515
202506 15.244 322.561 15.782
202509 13.613 324.800 13.996
202512 16.477 324.054 16.980
202603 15.940 330.213 16.120
202606 15.534 333.952 15.534

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Frequently Asked Questions Learn more about Shiller PE Ratio →
What does a Shiller PE Ratio of 37.49 mean?
Nasdaq (MEX:NDAQ) has a Shiller PE Ratio of 37.49 as of Sep. 17, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Nasdaq and its competitors. This is near median its historical median of 39.54. Over the past decade, Nasdaq's Shiller PE Ratio has ranged from 27.30 to 58.63. According to the industry distribution chart, Nasdaq ranks #362 out of 475 companies in the Capital Markets industry, placing it in the top 76.2%.
Is Nasdaq's Shiller PE Ratio too high?
Nasdaq's current Shiller PE Ratio of 37.49 is near median its 10-year median of 39.54. Over the past 10 years, this metric has ranged from a low of 27.30 to a high of 58.63. The Capital Markets industry median Shiller PE Ratio is 20.58. Nasdaq's value of 37.49 is 82.2% above this industry median. Based on the distribution chart, Nasdaq ranks #362 out of 475 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Nasdaq has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nasdaq's Shiller PE Ratio compare to COIN and MSCI?
According to the Capital Markets industry distribution chart, Nasdaq ranks #362 out of 475 companies for Shiller PE Ratio. This places Nasdaq in the lower half of its industry. The industry median Shiller PE Ratio is 20.58. Nasdaq's value of 37.49 is 82.2% above this benchmark. Historically, Nasdaq's own Shiller PE Ratio has ranged from 27.30 to 58.63 over the past decade. While the company's 10-year median is 39.54 vs. the industry median of 20.58, 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 Shiller PE Ratio for a Capital Markets company?
The median Shiller PE Ratio among Capital Markets companies is 20.58, based on 475 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nasdaq's current Shiller PE Ratio of 37.49 is 82.2% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Nasdaq and its competitors. For the Capital Markets industry, the median Shiller PE Ratio is 20.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nasdaq's current Shiller PE Ratio is 37.49, which is near median its own 10-year median of 39.54. 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 Modestly Overvalued. The stock's GF Value™ is MXN1,372.22, compared to a current price of MXN1,600.00 — trading 16.6% above its estimated fair value. The current Shiller PE Ratio is 37.49, which is near median its 10-year median of 39.54 and 82.2% above the Capital Markets industry median of 20.58. Nasdaq's overall GF Score™ is 82/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Nasdaq (MEX:NDAQ), the current Shiller PE Ratio is 37.49 as of Sep. 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 (MEX:NDAQ) Overvalued in 2026?

Based on GuruFocus' analysis, Nasdaq stock appears to be overvalued. The current stock price of MXN1,600.00 is trading 16.6% above its estimated GF Value™ of MXN1,372.22. GuruFocus considers Nasdaq to be Modestly Overvalued.

Key valuation signals for MEX:NDAQ:

  • Shiller PE Ratio: 37.49 (near median its 10-year median of 39.54)
  • GF Value™: MXN1,372.22 vs. price of MXN1,600.00 (16.6% above fair value)
  • GF Score™: 82/100 with 5 warning signs
  • Industry Position: 82.2% above the Capital Markets median (#362 of 475)

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.


Nasdaq Business Description

Address 151 West 42nd Street, Floors 26, 27, 28, New York, NY, USA, 10036
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.
82GF Score

Get the complete analysis for MEX:NDAQ

Shiller PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN1,600.00
Price
MXN1,372.22
GF Value