NDAQNEUTRAL

NDAQ EV/EBITDA Analysis

19.0x

Updated 225h ago·SEC filings & market data

Key Takeaway

With a current EV/EBITDA of 18.0x, this means the company’s enterprise value is 18 times its earnings before interest, taxes, depreciation, and amortization — a common valuation metric that helps investors compare how expensive a stock is relative to its operating earnings.

Sector Performance

70th percentile

NDAQ

19.0x

Sector Median

13.6x

Sector Avg

-30.9x

Prior Period

18.0x(Jul 2026)

↓ Declining
📊

Deep Analysis

With a current EV/EBITDA of 18.0x, this means the company’s enterprise value is 18 times its earnings before interest, taxes, depreciation, and amortization — a common valuation metric that helps investors compare how expensive a stock is relative to its operating earnings.

This figure sits above the sector median of 13.6x, placing NDAQ in the 67th percentile among its peers, indicating it trades at a premium relative to the typical company in its industry. Over the past eight quarters, the metric has been increasing overall, rising 10.2% year-over-year, though it dipped 0.4% quarter-over-quarter from 18.1x to 18.0x. The combination of an elevated level and a long-term upward trend suggests the market is pricing in above-average growth expectations, which could mean higher risk if those expectations are not met, but also potential opportunity if the premium is justified. This metric supports the NEUTRAL verdict because the valuation is above average but not extreme, and the slight recent quarterly decline tempers the bullish signal from the yearly increase.

Frequently Asked Questions

What does the EV/EBITDA tell investors about NDAQ?

A valuation multiple preferred by analysts for capital-intensive or leveraged businesses. Useful for cross-sector comparisons where earnings can be distorted by debt.

How is the EV/EBITDA calculated?

EV/EBITDA is calculated as: Enterprise Value / EBITDA.

Who are NDAQ's closest peers by EV/EBITDA?

The closest peers by EV/EBITDA include: SMTC (76.6x), SHOP (80.2x), OKTA (83.5x), TEAM (101.4x), STEM (102.7x).

The Formula

Enterprise Value / EBITDA

Why It Matters

A valuation multiple preferred by analysts for capital-intensive or leveraged businesses. Useful for cross-sector comparisons where earnings can be distorted by debt.

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NDAQ

19.0x

Sector Median

13.6x

Sector Avg

-30.9x

How NDAQ's EV/EBITDA compares to sector peers.

Not financial advice. Research tool only. Data may be delayed.