Nasdaq, Inc. (NDAQ)

FairStock Score: 61/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a Graham-style investor, I start with the gap between price and conservative value. At the 2026-10-26 close of $104.72, FairStock's Graham Number is $40.59, giving a margin of safety of -152.67%; the market is paying a large premium to an earnings-based value. FairStock also calculates a P/E of 30.53, P/B of 4.91, PEG of 2.46, and EV/EBITDA of 18.25. That is not a bargain by Graham's arithmetic, even for a good franchise.

In plain English: Nasdaq runs markets, market data, indexes and financial technology for companies and investors. The business looks strong: revenue and profit grew in the latest quarter, profit margins are healthy, and it generates a lot of cash. But the share price looks expensive compared with its profits, its assets and a conservative estimate of what the business is worth.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-26 close · note generated 2026-10-28 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-09-30) · fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer