NDAQ

Nasdaq, Inc.

Financial Services · $51.8B market cap

Verdict

Share price

$90.33

close of Oct 3, 2026

Fair value

$79.24

Sticker Price

Payback Price

$31.70

buy price

Overpriced

NDAQ is Overpriced: at $90.33 it trades 14% above its fair value of $79.24. Its buy price (Payback Price) is $31.70, 65% below today's price. Business quality is limited: only 1 of 5 key numbers clears the 10% bar.

How we valued it

Free Cash Flow. Sales grew 10% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.

Business quality

1 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth9.8% a year✗
Equity per share growth5.9% a year✗
Sales growth6.2% a year✗
Free cash flow growth10.9% a year✓
Return on invested capital6.5%✗

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Superinvestors

1 of the investors we track holds NDAQ. Who we track

Insider activity

Since Jun 11, 2026: 1 open-market purchase worth $4.9M and 10 sales worth $5.7M. Why purchases matter

Purchases

Sales

About Nasdaq, Inc.

Nasdaq, Inc., a technology powerhouse founded in 1971 and based in New York City, is dedicated to supporting capital markets and various other sectors worldwide. Its Market Technology division specializes in fighting financial crime, offering products like Nasdaq Trade Surveillance, a SaaS solution that assists brokers and market participants in meeting compliance requirements and internal surveillance policies…

Financial - Data & Stock Exchanges

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works