CVE Valuation Report | Mar 22, 2026
NDAQ
NASDAQ, INC.
10-K · Filed 2026-02-12
C
$40
$50
$60
$70
$80
$90
$100
$110
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1Y
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.
MKT
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Fair Value
$55.85
1Y Target
$61.90
MKT. PRICE
$86.36
Model Blend
LOW agreement · 44% spread
DCF$89.32 · 37%
Residual Income$30.66 · 35%
Comps$43.64 · 29%
Trailing Rev Growth
11.6%
Model Implied Rev CAGR
8.3%
Market Cap
$49B
ClarVal Report
Mar 22, 2026
9:46 PM EDT
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NDAQ Valuation Summary

Based on Clarity's multi-model valuation engine, NASDAQ, INC. (NDAQ) has an estimated fair value of $55.85 per share, compared to its current market price of $86.36. The stock is currently trading 35.3% above Clarity's fair value estimate, resulting in a verdict of SIGNIFICANTLY OVERVALUED.

This valuation blends 3 independent models — including Discounted Cash Flow (DCF), Residual Income, Comparable Companies. The primary weight is given to the Discounted Cash Flow (DCF) model, with Bayesian triangulation used to reconcile the estimates into a single blended fair value. The 3 models show low agreement with a 44% spread between the highest and lowest estimates.

Monte Carlo simulation across 5,000 scenarios estimates a 13.5% probability that the stock is trading below its intrinsic value, with a median simulated value of $47.81.

Clarity's 1-year price target is $61.90, reflecting expected earnings growth and margin trajectory.

NASDAQ, INC. is classified under the Capital Markets sector, and this valuation is based on 10-K · Filed 2026-02-12 filings sourced directly from SEC EDGAR. All models use trailing twelve month financials where available, with sector-appropriate growth and discount rate assumptions.

Not financial advice. For educational and research purposes only.
Updated Mar 22, 2026, 9:46 PM EDT · Powered by Clarity Valuation Engine · Methodology

NASDAQ, INC. (NDAQ) Valuation Summary

Clarity's 6-model valuation engine estimates NASDAQ, INC. (NDAQ) at $55.85 per share, compared to the current market price of $86.36. This represents a 35.3% downside from the current price. The verdict is SIGNIFICANTLY OVERVALUED.

This valuation was generated from NASDAQ, INC.'s 10-K · Filed 2026-02-12 filing, classified in the Capital Markets sector with high confidence. Model agreement is LOW with a 44% spread across models.

Models used: DCF (scenario-weighted), Residual Income, Comparable Companies, EV/Revenue, ROIC Fade, and Dividend Discount Model. All data sourced from SEC EDGAR and validated against XBRL structured filings.