Nasdaq 100 PE Ratio

The Nasdaq 100 currently trades at a current P/E ratio of 35.22 as of October 24, 2025.

Over the past five years, the median P/E has been 32.26, putting today's valuation in the 88.3th percentile of that range. Looking at the longer 10-year period, where the median sits at 27.26, the current reading ranks in the 93.3th percentile - a level historically associated with Expensive pricing. The 20-year median of 24.27 provides additional context, with the current ratio in the 95.8th percentile of that extended timeframe.

Since May 1990, the Nasdaq 100 has recorded a median P/E ratio of 26.96 over 36 years. Against this full historical backdrop, the current valuation sits in the 77.9th percentile of all recorded readings, indicating that the market is trading well above its long-term median.

Historical P/E Comparison

The table below compares the current P/E Ratio (35.22) with its historical median and percentile rankings.

Time Period	Median PE Ratio	Percentile Rank	Valuation
1 Year	35.02	75	Overvalued
5 Year	32.26	88.3	Expensive
10 Year	27.26	93.3	Expensive
20 Year	24.27	95.8	Expensive
Since May 1990	26.96	77.9	Overvalued

Forward P/E for Nasdaq 100

Returns vs P/E Ratio

Over the past decade, the PE rose from 19.5 (34.7th percentile) to 35.22 (93.3th percentile). Annualized total return over this period was 18.6%. Percentile rank indicates position within the historical distribution. Elevated valuations do not necessarily imply immediate low returns; markets can remain richly valued for extended periods, but this warrants caution for longer-horizon return assumptions.

Time Period	Starting PE Ratio	Starting Percentile	Total Return	Annualized Return
1 Year	24.71	52.1	+25.6%	+25.6%
3 Year	20.11	32.1	+120.8%	+30.2%
5 Year	28.84	75.6	+117.1%	+16.8%
10 Year	19.49	34.7	+449.2%	+18.6%

Historical Data (1990-2025)

Date	Current PE Ratio
Oct 2025	35.22
Sep 2025	35.31
Aug 2025	34.94
Jul 2025	35.12
Jun 2025	35.61
May 2025	34.57
Apr 2025	32.90
Mar 2025	31.13
Feb 2025	33.95
Jan 2025	35.09
Dec 2024	34.18
Nov 2024	35.60
Oct 2024	34.42
Sep 2024	33.90
Aug 2024	33.08
Jul 2024	32.72
Jun 2024	33.75
May 2024	31.79
Apr 2024	29.90
Mar 2024	32.48
Feb 2024	32.11
Jan 2024	30.49
Dec 2023	34.57
Nov 2023	32.77
Oct 2023	29.61
Sep 2023	31.67
Aug 2023	33.36
Jul 2023	33.91
Jun 2023	32.66
May 2023	33.33
Apr 2023	30.96
Mar 2023	30.81
Feb 2023	28.26
Jan 2023	28.40
Dec 2022	23.97
Nov 2022	26.36
Oct 2022	24.99
Sep 2022	24.04
Aug 2022	25.46
Jul 2022	26.85
Jun 2022	23.85
May 2022	24.41
Apr 2022	24.82
Mar 2022	28.65
Feb 2022	27.11
Jan 2022	28.42
Dec 2021	31.08
Nov 2021	32.07
Oct 2021	31.51
Sep 2021	29.19
Aug 2021	32.42
Jul 2021	31.13
Jun 2021	30.28
May 2021	33.52
Apr 2021	33.94
Mar 2021	32.06
Feb 2021	35.60
Jan 2021	35.64
Dec 2020	35.54
Nov 2020	36.64
Oct 2020	33.01
Sep 2020	34.10
Aug 2020	35.88
Jul 2020	32.32
Jun 2020	30.09
May 2020	27.79
Apr 2020	26.18
Mar 2020	22.72
Feb 2020	23.97
Jan 2020	25.48
Dec 2019	24.74
Nov 2019	25.26
Oct 2019	24.30
Sep 2019	23.30
Aug 2019	22.98
Jul 2019	23.45
Jun 2019	22.88
May 2019	21.26
Apr 2019	23.21
Mar 2019	22.06
Feb 2019	21.22
Jan 2019	20.65
Dec 2018	18.92
Nov 2018	23.37
Oct 2018	23.43
Sep 2018	27.22
Aug 2018	27.31
Jul 2018	25.81
Jun 2018	27.39
May 2018	27.11
Apr 2018	25.70
Mar 2018	27.20
Feb 2018	28.32
Jan 2018	28.72
Dec 2017	24.66
Nov 2017	24.54
Oct 2017	24.09
Sep 2017	25.49
Aug 2017	25.53
Jul 2017	25.06
Jun 2017	24.06
May 2017	25.35
Apr 2017	24.45
Mar 2017	23.81
Feb 2017	24.66
Jan 2017	23.68
Dec 2016	24.24
Nov 2016	23.98
Oct 2016	23.93
Sep 2016	24.30
Aug 2016	22.82
Jul 2016	22.62
Jun 2016	21.13
May 2016	22.30
Apr 2016	21.41
Mar 2016	22.11
Feb 2016	20.76
Jan 2016	21.14
Dec 2015	22.69
Nov 2015	21.80
Oct 2015	21.73
Sep 2015	19.53
Aug 2015	19.25
Jul 2015	20.67
Jun 2015	19.81
May 2015	19.64
Apr 2015	19.23
Mar 2015	18.88
Feb 2015	14.88
Jan 2015	13.89
Dec 2014	14.19
Nov 2014	15.86
Oct 2014	15.20
Sep 2014	14.80
Aug 2014	14.14
Jul 2014	13.47
Jun 2014	13.32
May 2014	13.94
Apr 2014	13.36
Mar 2014	13.41
Feb 2014	17.33
Jan 2014	16.51
Dec 2013	16.84
Nov 2013	16.32
Oct 2013	15.80
Sep 2013	15.06
Aug 2013	16.85
Jul 2013	16.94
Jun 2013	16.35
May 2013	16.75
Apr 2013	16.22
Mar 2013	16.26
Feb 2013	15.79
Jan 2013	15.75
Dec 2012	15.35
Nov 2012	15.78
Oct 2012	15.60
Sep 2012	15.58
Aug 2012	15.43
Jul 2012	14.71
Jun 2012	14.12
May 2012	13.62
Apr 2012	14.70
Mar 2012	15.89
Feb 2012	15.13
Jan 2012	14.24
Dec 2011	13.70
Nov 2011	13.81
Oct 2011	14.21
Sep 2011	12.87
Aug 2011	13.71
Jul 2011	14.46
Jun 2011	14.23
May 2011	15.11
Apr 2011	15.31
Mar 2011	14.90
Feb 2011	15.28
Jan 2011	14.83
Dec 2010	14.42
Nov 2010	14.92
Oct 2010	14.97
Sep 2010	14.07
Aug 2010	14.68
Jul 2010	15.48
Jun 2010	14.44
May 2010	16.65
Apr 2010	17.97
Mar 2010	17.60
Feb 2010	19.68
Jan 2010	18.84
Dec 2009	20.14
Nov 2009	36.28
Oct 2009	34.22
Sep 2009	35.28
Aug 2009	35.19
Jul 2009	34.72
Jun 2009	31.99
May 2009	26.54
Apr 2009	25.78
Mar 2009	22.87
Feb 2009	18.41
Jan 2009	19.45
Dec 2008	19.98
Nov 2008	15.38
Oct 2008	17.31
Sep 2008	20.69
Aug 2008	23.32
Jul 2008	23.03
Jun 2008	22.88
May 2008	25.26
Apr 2008	23.83
Mar 2008	22.15
Feb 2008	22.08
Jan 2008	23.30
Dec 2007	26.38
Nov 2007	26.97
Oct 2007	28.90
Sep 2007	27.26
Aug 2007	25.93
Jul 2007	25.18
Jun 2007	27.90
May 2007	27.81
Apr 2007	26.94
Mar 2007	28.69
Feb 2007	28.51
Jan 2007	29.01
Dec 2006	25.86
Nov 2006	26.36
Oct 2006	25.50
Sep 2006	26.96
Aug 2006	25.75
Jul 2006	24.59
Jun 2006	25.67
May 2006	23.40
Apr 2006	25.19
Mar 2006	25.23
Feb 2006	25.23
Jan 2006	25.85
Dec 2005	27.22
Nov 2005	28.96
Oct 2005	28.97
Sep 2005	28.97
Aug 2005	28.97
Jul 2005	28.97
Jun 2005	28.97
May 2005	30.03
Apr 2005	30.03
Mar 2005	30.03
Feb 2005	32.73
Jan 2005	32.73
Dec 2004	33.69
Nov 2004	33.69
Oct 2004	33.74
Sep 2004	33.74
Aug 2004	33.74
Jul 2004	36.87
Jun 2004	37.64
May 2004	37.64
Apr 2004	37.64
Mar 2004	40.36
Feb 2004	42.69
Jan 2004	46.05
Dec 2003	48.48
Nov 2003	53.47
Oct 2003	53.47
Sep 2003	59.33
Aug 2003	59.33
Jul 2003	56.72
Jun 2003	54.63
May 2003	54.63
Apr 2003	50.38
Mar 2003	44.29
Feb 2003	44.29
Jan 2003	49.64
Dec 2002	49.64
Nov 2002	42.27
Oct 2002	41.93
Sep 2002	41.93
Aug 2002	44.82
Jul 2002	53.63
Jun 2002	56.87
May 2002	80.55
Apr 2002	86.90
Mar 2002	85.14
Feb 2002	70.34
Jan 2002	76.02
Dec 2001	70.29
Nov 2001	60.64
Oct 2001	49.16
Sep 2001	40.68
Aug 2001	48.14
Jul 2001	41.42
Jun 2001	38.09
May 2001	29.18
Apr 2001	29.18
Mar 2001	37.61
Feb 2001	37.61
Jan 2001	37.61
Dec 2000	43.88
Nov 2000	46.76
Oct 2000	50.18
Sep 2000	53.85
Aug 2000	62.22
Jul 2000	69.32
Jun 2000	64.56
May 2000	59.07
Apr 2000	70.66
Mar 2000	78.25
Feb 2000	72.68
Jan 2000	65.91
Dec 1999	62.85
Nov 1999	59.97
Oct 1999	51.97
Sep 1999	58.86
Aug 1999	58.86
Jul 1999	50.59
Jun 1999	50.59
May 1999	59.11
Apr 1999	56.43
Mar 1999	61.32
Feb 1999	61.32
Jan 1999	50.86
Dec 1998	50.86
Nov 1998	48.27
Oct 1998	44.57
Sep 1998	39.81
Aug 1998	43.77
Jul 1998	38.04
Jun 1998	38.04
May 1998	38.04
Apr 1998	38.27
Mar 1998	38.27
Feb 1998	35.13
Jan 1998	35.13
Dec 1997	33.37
Nov 1997	35.77
Oct 1997	39.20
Sep 1997	39.20
Aug 1997	39.20
Jul 1997	39.29
Jun 1997	39.29
May 1997	36.37
Apr 1997	36.49
Mar 1997	36.49
Feb 1997	33.29
Jan 1997	33.29
Dec 1996	33.29
Nov 1996	30.69
Oct 1996	27.60
Sep 1996	27.60
Aug 1996	25.83
Jul 1996	25.83
Jun 1996	24.89
May 1996	24.89
Apr 1996	23.73
Mar 1996	23.73
Feb 1996	23.73
Jan 1996	24.73
Dec 1995	24.73
Nov 1995	24.73
Oct 1995	26.38
Sep 1995	26.38
Aug 1995	25.10
Jul 1995	25.10
Jun 1995	22.56
May 1995	22.56
Apr 1995	22.56
Mar 1995	19.03
Feb 1995	19.03
Jan 1995	19.03
Dec 1994	18.99
Nov 1994	18.99
Oct 1994	18.99
Sep 1994	19.16
Aug 1994	19.16
Jul 1994	20.52
Jun 1994	20.52
May 1994	20.52
Apr 1994	23.05
Mar 1994	23.05
Feb 1994	28.83
Jan 1994	28.83
Dec 1993	28.16
Nov 1993	28.16
Oct 1993	26.38
Sep 1993	26.38
Aug 1993	26.38
Jul 1993	27.24
Jun 1993	27.85
May 1993	27.85
Apr 1993	27.85
Mar 1993	32.91
Feb 1993	32.91
Jan 1993	34.33
Dec 1992	34.33
Nov 1992	30.54
Oct 1992	30.54
Sep 1992	32.63
Aug 1992	32.39
Jul 1992	32.39
Jun 1992	32.08
May 1992	32.08
Apr 1992	32.08
Mar 1992	28.24
Feb 1992	26.32
Jan 1992	23.65
Dec 1991	23.65
Nov 1991	21.87
Oct 1991	21.87
Sep 1991	22.28
Aug 1991	22.28
Jul 1991	22.28
Jun 1991	23.64
May 1991	23.64
Apr 1991	23.30
Mar 1991	23.30
Feb 1991	17.67
Jan 1991	17.67
Dec 1990	17.67
Nov 1990	20.71
Oct 1990	20.71
Sep 1990	23.33
Aug 1990	27.06
Jul 1990	32.66
Jun 1990	26.43
May 1990	26.43

Regional Peer Comparison

The table below shows a comparison of the current P/E Ratio (35.22) with regional peer markets.

Country	PE Ratio	Percentile Rank	Rating
Canada	19.45	95	Expensive
Brazil	10.30	50.80	Fair Value
Mexico	13.60	57.50	Fair Value
Argentina	12.67	58.30	Fair Value
Colombia	10.15	51.70	Fair Value

Definition: Trailing P/E Ratio

The trailing P/E ratio for Nasdaq 100 shows how much investors are paying for one unit of the index's past earnings.
It is calculated as : P/E = Index level / Aggregated EPS
Aggregated EPS means the index's total earnings per share after weighting each stock in the index (usually by its market capitalization): Aggregated EPS = sum(weight_i * EPS_i). For trailing P/E, the EPS_i values are the actual earnings from the past 12 months.