What is the P/E ratio of the Nasdaq-100?

About 34.7 on trailing 12-month earnings and about 20.7 forward.

Is the Nasdaq-100's P/E high right now?

Compare with the S&P 500's P/E and its 150-year history for context.

How is the index P/E calculated?

Weighted harmonic mean of member trailing P/Es — equivalent to total market cap ÷ total earnings — using SEC-filed TTM earnings and N-PORT index weights.

Nasdaq-100 P/E ratio: 34.7 · forward 20.7

The Nasdaq-100 trades at 34.7× trailing 12-month earnings and 20.7× forward estimates (as of market close, Jul 22, 2026) — a weighted harmonic mean across the index's members, computed from earnings as filed with the SEC. The median member trades at 34.4×.

Trailing P/E: 34.7
Forward P/E: 20.7
Median member: 34.4
Price/Book: 9.0

Where members trade: P/E distribution

One number hides the spread. Each bar is the share of index weight in that trailing-P/E range (member count on the right).

P/EShare of index weight% · membersExample stocks

<10

0.8% · 4CMCSA PYPL CTSH CHTR

10–15

0.5% · 2ADBE GEHC

15–20

4.3% · 10TMUS QCOM GILD INTU

20–25

11.2% · 8MSFT META NFLX PEP

25–30

15.4% · 13GOOGL AMZN AMGN WDC

30–40

25.2% · 13NVDA AAPL WMT CSCO

40–60

16.1% · 14MU AMAT COST LRCX

60+

20.0% · 20AVGO TSLA AMD ASML

n/a

3.9% · 5INTC CRWD WBD TTWO

"n/a" = loss-making members or no earnings data. Tickers are each range's largest members (hover for the exact P/E). 96.0% of tracked index weight has a valid trailing P/E.

FAQ

What is the P/E ratio of the Nasdaq-100?: The Nasdaq-100's price-to-earnings ratio is currently about 34.7 on trailing 12-month earnings (weighted harmonic mean across all index members, from SEC-filed earnings), and about 20.7 on forward earnings estimates.
Is the Nasdaq-100's P/E high right now?: Compare it with the median member (34.4×) and with the S&P 500's multiple and long-run history on our S&P 500 P/E page. The Nasdaq-100 usually trades at a premium to the broad market — growth-heavy membership earns a higher multiple in most regimes.
How is the index P/E calculated?: We compute the weighted harmonic mean of members' trailing P/E ratios — total weight ÷ Σ(weight ÷ P/E), the standard factsheet method, which is equivalent to total market cap ÷ total earnings and keeps a few extreme multiples from distorting the average. Member earnings come from our SEC EDGAR pipeline (TTM as filed), weights from the tracking fund's N-PORT filing rolled forward daily.

Notes & related

Current values are computed bottom-up: index weights from the tracking fund's SEC N-PORT filing (rolled forward daily by price), member earnings from our SEC EDGAR pipeline (TTM, as filed; Twelve Data fallback where a filing hasn't landed yet), refreshed with each market close. Forward P/E uses analyst consensus estimates via Twelve Data. For long-run valuation context, see the S&P 500 P/E ratio (150 years of history); for who's in the index at what weight, the full constituents list; for the cheapest large caps, value stocks. Not investment advice.

ChartRow is not affiliated with, sponsored by, or endorsed by S&P Dow Jones Indices LLC, S&P Global, or Nasdaq, Inc. "S&P 500®" and "Dow Jones®" are registered trademarks of S&P Dow Jones Indices LLC; "Nasdaq-100®" is a registered trademark of Nasdaq, Inc. They are used here only to identify the indexes discussed. All index-related figures on this page are independently derived from public sources — SEC filings, Robert Shiller's public dataset, and our own computations — not from any index provider's data feed.