NASDAQ 100 Index P/E, EPS & CAPE Ratio

The table below lists the current & historical P/E (TTM) ratio & CAPE ratio of the NASDAQ 100 index. The current (Jan 1st, 2024) trailing price-to-earnings ratio of the index is 30.25. NASDAQ 100 tracks the performance of the 100 largest non-financial companies listed on the Nasdaq stock market. The index is heavily weighted towards technology and communications companies. Apple Inc, Microsoft Corp, Alphabet Inc (the parent company of Google), Inc, and Broadcom Ltd represent over 31% of the index. The NASDAQ 100 is used as a benchmark for investors and fund managers who want to track the performance of technology and growth-oriented companies. While it represents primarily U.S. based companies, many of these companies have a global presence and are the most dominant players in their respective industries. As a result, the index’s performance can reflect not only the health of the U.S. technology sector but also global technology trends.

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NASDAQ 100 Index – P/E (TTM) & CAPE Ratio

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CAPE Ratios by Country

To examine the historical constituents of the NASDAQ 100 index since the year 1995, check our U.S. & Global Stock Indices Constituents & Changes data subscription that provides you the current and historical components of all the major equity indices around the world. The subscription includes historical weightings and key fundamentals (earnings, revenues, market caps…) of the individual NASDAQ 100 companies.

How the P/E ratio is calculated?

The price-to-earnings ratio for the index is calculated by dividing the total market capitalization of all index companies by the sum of trailing 12-month net income of the companies. Also companies with negative trailing earnings are included in the calculation. This means that the P/E calculated by us is higher than for example the P/E ratio that iShares (BlackRock) is publishing for their CNDX NASDAQ 100 ETF.

When comparing the P/E ratio of the index to other indices, it’s important to take account the difference in sector representation. One notable feature of the NASDAQ-100 is the exclusion of financial companies, such as banks and insurance companies. This differentiates it from other major indices which usually includes a broader range of sectors. Furthermore, the largest index constituents heavily dominate the entire NASDAQ 100 index, and the index’s performance and valuation are largely dependent on the ten largest stocks.

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