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Nasdaq (Nasdaq) Cyclically Adjusted PS Ratio : 5.55 (As of Apr. 27, 2024)


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What is Nasdaq Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Nasdaq's current share price is $60.12. Nasdaq's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $10.83. Nasdaq's Cyclically Adjusted PS Ratio for today is 5.55.

The historical rank and industry rank for Nasdaq's Cyclically Adjusted PS Ratio or its related term are showing as below:

NDAQ' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.9   Med: 4.18   Max: 8.05
Current: 5.57

During the past years, Nasdaq's highest Cyclically Adjusted PS Ratio was 8.05. The lowest was 1.90. And the median was 4.18.

NDAQ's Cyclically Adjusted PS Ratio is ranked worse than
68.06% of 576 companies
in the Capital Markets industry
Industry Median: 2.985 vs NDAQ: 5.57

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Nasdaq's adjusted revenue per share data for the three months ended in Dec. 2023 was $2.989. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $10.83 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nasdaq Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Nasdaq's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Nasdaq Cyclically Adjusted PS Ratio Chart

Nasdaq Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.79 5.48 7.74 6.06 5.37

Nasdaq Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.25 4.70 4.50 5.37 -

Competitive Comparison of Nasdaq's Cyclically Adjusted PS Ratio

For the Financial Data & Stock Exchanges subindustry, Nasdaq's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nasdaq's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Nasdaq's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Nasdaq's Cyclically Adjusted PS Ratio falls into.



Nasdaq Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Nasdaq's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=60.12/10.83
=5.55

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nasdaq's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Nasdaq's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=2.989/129.4194*129.4194
=2.989

Current CPI (Dec. 2023) = 129.4194.

Nasdaq Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1.724 99.695 2.238
201406 1.672 100.560 2.152
201409 1.575 100.428 2.030
201412 1.775 99.070 2.319
201503 1.656 99.621 2.151
201506 1.563 100.684 2.009
201509 1.693 100.392 2.183
201512 1.706 99.792 2.212
201603 1.792 100.470 2.308
201606 1.778 101.688 2.263
201609 1.827 101.861 2.321
201612 1.915 101.863 2.433
201703 1.897 102.862 2.387
201706 1.967 103.349 2.463
201709 1.892 104.136 2.351
201712 2.002 104.011 2.491
201803 2.270 105.290 2.790
201806 2.045 106.317 2.489
201809 1.921 106.507 2.334
201812 2.266 105.998 2.767
201903 2.074 107.251 2.503
201906 2.117 108.070 2.535
201909 2.187 108.329 2.613
201912 2.120 108.420 2.531
202003 2.704 108.902 3.213
202006 2.806 108.767 3.339
202009 2.812 109.815 3.314
202012 2.914 109.897 3.432
202103 3.294 111.754 3.815
202106 2.828 114.631 3.193
202109 2.658 115.734 2.972
202112 2.881 117.630 3.170
202203 3.059 121.301 3.264
202206 3.125 125.017 3.235
202209 3.137 125.227 3.242
202212 3.183 125.222 3.290
202303 3.098 127.348 3.148
202306 2.903 128.729 2.919
202309 2.937 129.860 2.927
202312 2.989 129.419 2.989

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Nasdaq  (NAS:NDAQ) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Nasdaq Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Nasdaq's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Nasdaq (Nasdaq) Business Description

Address
151 W. 42nd Street, New York, NY, USA, 10036
Founded in 1971, Nasdaq is primarily known for its equity exchange, but in addition to its market-services business (about 35% of sales), the company sells and distributes market data as well as offers Nasdaq-branded indexes to asset managers and investors through its information-services segment (30%). Nasdaq's corporate-services business (20%) offers listing services and related investor relations products to publicly traded companies and through the company's market technology group (15%), Nasdaq facilitates the exchange operations of other exchanges throughout the world and provides financial compliance services.
Executives
Adenza Parent, Lp director, 10 percent owner ONE MARKET PLAZA, SPEAR TOWER, SUITE 2400, SAN FRANCISCO CA 94150
Spaht Paul Holden Jr. director 600 MONTGOMERY STREET, 20TH FLOOR, SAN FRANCISCO CA 94111
Thoma Bravo Ugp, Llc director, 10 percent owner 110 N. WACKER DRIVE, 32ND FLOOR, CHICAGO IL 60606
Ann M Dennison officer: Controller and Prin Acctg Ofcr ONE LIBERTY PLAZA, NEW YORK NY 10006
Johan Torgeby director 151 W. 42ND STREET, NEW YORK NY 10036
Jeffery W Yabuki director 255 FISERV DRIVE, BROOKFIELD WI 53045
Adena T Friedman officer: Executive Vice President 1801 K STREET, N.W., WASHINGTON DC 20006
Michael R Splinter director
Steven D Black director C/O JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Bryan Everard Smith officer: Executive Vice President 151 W. 42ND STREET, NEW YORK NY 10036
Michelle Lynn Daly officer: Controller and Prin Acctg Ofcr 151 W. 42ND STREET, NEW YORK NY 10036
Brendan Brothers officer: Interim Head of AFC 151 W. 42ND STREET, NEW YORK NY 10036
Jeremy Skule officer: Executive Vice President ONE LIBERTY PLAZA, NEW YORK MD 20850
Bradley J Peterson officer: Executive Vice President ONE LIBERTY PLAZA, NEW YORK NY 10006
Pc Nelson Griggs officer: Executive Vice President ONE LIBERTY PLAZA, NEW YORK NY 10006

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