The Nasdaq 100 currently trades at a forward P/E ratio of 27.39 as of October 24, 2025.
Over the past five years, the median forward P/E has been 25.09, putting today's valuation in the 83.3th percentile of that range. Looking at the longer 10-year period, where the median sits at 21.94, the current reading ranks in the 86.7th percentile - a level historically associated with Expensive pricing. The 20-year median of 20.27 provides additional context, with the current ratio in the 92.5th percentile of that extended timeframe.
Since June 2002, the Nasdaq 100 has recorded a median forward P/E ratio of 21.14 over 23 years. Against this full historical backdrop, the current valuation sits in the 91.1th percentile of all recorded readings, indicating that the market is trading well above its long-term median.