Nasdaq (NDAQ) Price to Book (2009 - 2026)
Nasdaq's (NDAQ) quarterly Price to Book came in at 3.69 in Q2 2026, down 14.96% year-over-year from 4.34 in Q2 2025, and down 7.3% quarter-over-quarter from 3.98 in Q1 2026.
Powered by 
Analysis
Nasdaq (NDAQ) Price to Book (2009 - 2026) Analysis & Trends
Nasdaq has disclosed Price to Book across 18 years of filings, most recently posting 3.69 for Q2 2026.
- In Q2 2026, Price to Book fell 14.96% year-over-year to 3.69; the TTM figure through Jun 2026 stood at 3.69 (down 14.96% YoY), while the FY2025 annual figure was 4.53, up 14.0% from the prior year.
- Price to Book came in at 3.69 for Q2 2026 at Nasdaq, down from 3.98 in the prior quarter.
- In the past five years, Price to Book ranged from a high of 4.89 in Q4 2022 to a low of 3.09 in Q4 2023.
- Average Price to Book over 5 years is 4.04, with a median of 3.98 recorded in 2026.
- Year-over-year, Price to Book sank 36.88% in 2023 and soared 36.47% in 2025.
- Over 5 years, Price to Book stood at 4.89 in 2022, then slumped by 36.88% to 3.09 in 2023, then rose by 28.52% to 3.97 in 2024, then rose by 14.0% to 4.53 in 2025, then slipped by 18.38% to 3.69 in 2026.
- Per Business Quant data, the three most recent Price to Book figures were 3.69 in Q2 2026, 3.98 in Q1 2026, and 4.53 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 101.06 Bn | 101.06 Bn | 1.65 Bn |
| 2 | Intercontinental Exchange | 90.48 Bn | 88.60 Bn | - |
| 3 | Nasdaq | 54.45 Bn | 53.73 Bn | 1.50 Bn |
| 4 | Cboe Global Markets | 31.27 Bn | 28.88 Bn | 731.60 Mn |
| 5 | Tradeweb Markets | 24.86 Bn | 23.51 Bn | - |
| 6 | Marketaxess Holdings | 5.75 Bn | 5.47 Bn | - |
| 7 | Miami International Holdings | 4.18 Bn | 3.51 Bn | 141.11 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.69 |
| Mar 31, 2026 | 3.98 |
| Dec 31, 2025 | 4.53 |
| Sep 30, 2025 | 4.21 |
| Jun 30, 2025 | 4.34 |
| Mar 31, 2025 | 3.77 |
| Dec 31, 2024 | 3.97 |
| Sep 30, 2024 | 3.79 |
| Jun 30, 2024 | 3.18 |
| Mar 31, 2024 | 3.36 |
| Dec 31, 2023 | 3.09 |
| Sep 30, 2023 | 3.68 |
| Jun 30, 2023 | 3.92 |
| Mar 31, 2023 | 4.34 |
| Dec 31, 2022 | 4.89 |
| Sep 30, 2022 | 4.73 |
| Jun 30, 2022 | 4.28 |
| Mar 31, 2022 | 4.88 |
| Dec 31, 2021 | 5.47 |
| Sep 30, 2021 | 5.08 |