Nasdaq, Inc.
—Price / book
Market cap
—
Tangible equity (USD)
-$8.66B
Price / tangible book
—
Price / book
—
Net income / ending equity
14.6%
Net income / ending assets
5.8%
Efficiency ratio
—
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: NDAQ stock price vs MSCI: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at MSCI's multiple
Needs MSCI P/E.
Implied fair value · at NDAQ's multiple
Needs NDAQ P/E.
Price unavailable
Metric by metric
Filter, sort, and scan the equity metrics that matter most for banks: book value, tangible book, returns, and operating efficiency.
Lower is better
Lower is better
Higher is better
Asset efficiency lag
Lower is better
Statements
Reported bank earnings and balances, with each company’s reporting period shown.
Values retain reported currencies and share bases. Select a figure to inspect its period, calculation and filing inputs. Differences require compatible units and periods.
Explore enterprise value and market valuation multiples in the valuation sections.
Trendline
Eight period-end years of reported revenue, earnings, and margins. Periods and currencies are shown with the data.
Price framework
Tangible book and profitability anchor a bank, not enterprise value.
Deposits and cash-like balances distort enterprise value for banks, so this section reads equity value, tangible book and profitability instead.
Price / book
Market cap
—
Tangible equity (USD)
-$8.66B
Price / tangible book
—
Price / book
—
Net income / ending equity
14.6%
Net income / ending assets
5.8%
Efficiency ratio
—
Price / book
Market cap
—
Tangible equity (USD)
-$6.41B
Price / tangible book
—
Price / book
—
Net income / ending equity
—
Net income / ending assets
21.1%
Efficiency ratio
—
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Nasdaq, Inc. · implied price per share
Bear
$25.36
Base
$32.39
Bull
$41.54
MSCI INC. · implied price per share
Bank model off — standard DCF modelling is disabled for financial institutions.
Balance sheet health
Inspect reported liquidity and leverage alongside historical financial-health checks.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Cash excludes investments. EBITDA is an operating-income-plus-D&A proxy. Missing borrowing categories remain unavailable; select a value to inspect its inputs.
Comparable set
Where the pair sits against the wider banking comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
LLM-powered synthesis
An explanation of the financial evidence. Check its snapshot date against the figures above.
This explanation uses an earlier data snapshot or evidence version. Review its generation date and the current figures, or refresh after signing in.
If you believe NDAQ can sustain double-digit growth while closing part of the margin gap versus MSCI, then the shares look attractive because the current P/E and P/S remain below MSCI despite solid quality metrics and 19.6% implied upside.
NDAQ trades at 30.5x P/E versus MSCI at 36.5x, and 6.4x P/S versus 13.3x for MSCI, indicating a clear valuation discount on both earnings and sales bases. However, MSCI-implied price of $116.66-$196.17 sits above the current $94.19, while the historical band of $84.77-$103.61 places NDAQ near the upper end of its own range, which tempers the discount argument.
Supporting Metrics