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NASDAQ, Inc. (NDAQ)
Security & Commodity Brokers, Dealers, Exchanges & Services
Latest Price
$106.23
TTM P/E
29.02
Normalized P/E
38.91
TTM Div Yield
1.09%
Fwd Div Yield
1.17%
Book Value
21.47
P/B Ratio
4.95
Valuation metrics
adjust assumptions →EPS: $3.09
Book value / share: $21.45
Formula: √(22.5 × EPS × BVPS)
Graham Number
$38.62
63% downside
Norm. op. income: $1.6B (median of 7yr)
Tax rate: 23%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$6.89
93% downside
Base FCF: $1.6B (median of recent 5yr)
Growth: 14%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$74.66
29% downside
EPS: $3.09
Target P/E: 39×
Formula: EPS × P/E
P/E Fair Value
$120.51
+14% upside
Institutional Ownership
84.1% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| Investor AB | 58.44M | $4.61B | 10.46% | +56.8K | 2026-06-30 |
| BlackRock, Inc. | 37.19M | $2.93B | 6.66% | -975.7K | 2026-06-30 |
| Vanguard Capital Management LLC | 31.23M | $2.46B | 5.59% | -12.2K | 2026-06-30 |
| Wellington Management Group LLP | 30.33M | $2.39B | 5.43% | -5.95M | 2026-06-30 |
| Vanguard Portfolio Management LLC | 26.09M | $2.06B | 4.67% | -12.2K | 2026-06-30 |
| Massachusetts Financial Services Co | 23.26M | $1.83B | 4.17% | -5.80M | 2026-06-30 |
| State Street Corp | 20.18M | $1.59B | 3.61% | +467.2K | 2026-06-30 |
| Geode Capital Management, LLC | 13.12M | $1.03B | 2.35% | +143.9K | 2026-06-30 |
| Morgan Stanley | 11.36M | $895.0M | 2.03% | +1.10M | 2026-06-30 |
| Franklin Resources Inc | 9.10M | $717.0M | 1.63% | -69.6K | 2026-06-30 |