Nasdaq 100 Valuation Dashboard
Is the Nasdaq 100 expensive? Live P/E ratios, earnings yield, sector breakdown, and the cheapest & most expensive stocks across every major US index.
The Nasdaq 100 P/E ratio is 41.2x as of 2026-05-29, with a forward P/E of 26.8x and an earnings yield of 2.4%. Based on 100 constituent stocks, the index is above both its long-term average of 25x and 10-year average of ~28x, indicating elevated valuations. The gap between trailing and forward P/E suggests analysts expect 35% earnings growth over the next 12 months.
Nasdaq 100 is above historical norms
At 41.2x trailing P/E, the index exceeds both the long-term average (25x) and the 10-year average (~28x). Forward P/E may tell a different story if earnings growth is strong.
Where Does Nasdaq 100 Sit?
Are Earnings Growing Into the Valuation?
Forward P/E is 26.8x vs trailing 41.2x. Analysts expect solid earnings growth, which would bring the P/E down.
Stocks vs Bonds — Is It Worth the Risk?
The Nasdaq 100 earnings yield is 2.4%. This is what you "earn" per dollar invested in index earnings. Very low earnings yield suggests demanding valuations. Consider whether expected growth justifies the premium over bonds.
Total shareholder yield (dividends + buybacks): 1.41%
Historical P/E — Nasdaq 100
Hover any point to see valuation verdict, earnings yield, and market context. Dashed lines show long-term (25x) and 10-year (28x) averages.
Earnings Yield — Nasdaq 100
What you earn per $1 invested in index earnings vs 10Y Treasury bond yield (~4.3%)
How Do Indices Compare?
| Index | P/E | Fwd P/E | P/B | EV/EBITDA | Earn. Yield | Div. Yield | Median P/E | Mkt Cap | Stocks |
|---|---|---|---|---|---|---|---|---|---|
| S&P 500 | 32.2 | 23.4 | 5.89 | 20.7 | 3.1% | 0.96% | 25.3 | $73.0T | 502 |
| Nasdaq 100 | 41.2 | 26.8 | 11.16 | 28.3 | 2.4% | 0.40% | 35.1 | $43.3T | 100 |
| Dow 30 | 33.2 | 25.1 | 9.38 | 22.7 | 3.0% | 0.79% | 26.3 | $24.1T | 30 |
| Russell 1000 | 36.0 | 14.6 | 6.41 | 23.9 | 2.8% | 0.68% | 24.5 | $61.4T | 992 |
| Russell 2000 | 23.3 | 18.6 | 1.12 | 11.4 | 4.3% | 1.63% | 17.2 | $3.7T | 1940 |
Which Sectors Are Cheap vs Expensive?
| Sector | P/E | Fwd P/E | EV/EBITDA | Div Yield | Weight | Stocks |
|---|---|---|---|---|---|---|
| Technology | 51.1 | 30.3 | 37.0 | 0.35% | 52.8% | 38 |
| Communication Services | 31.6 | 24.6 | 22.7 | 0.29% | 27.0% | 12 |
| Consumer Cyclical | 46.5 | 22.6 | 27.6 | 0.10% | 12.3% | 11 |
| Healthcare | 25.8 | 22.8 | 16.7 | 1.33% | 2.5% | 10 |
| Consumer Defensive | 36.1 | 25.9 | 23.1 | 1.83% | 2.1% | 7 |
| Industrials | 29.8 | 23.7 | 19.2 | 1.80% | 1.7% | 13 |
| Utilities | 24.0 | 20.4 | 14.9 | 2.10% | 0.6% | 4 |
| Basic Materials | 34.1 | 27.8 | 19.9 | 1.21% | 0.5% | 1 |
| Energy | 28.0 | 15.0 | 9.2 | 1.73% | 0.3% | 2 |
| Financial Services | 8.3 | 8.4 | 5.9 | 0.30% | 0.1% | 1 |
| Real Estate | — | 23.6 | 76.8 | 0.00% | 0.0% | 1 |
Cheapest & Most Expensive in Nasdaq 100
10 Cheapest (Lowest P/E)
| # | Ticker | Company | Sector | P/E | Fwd P/E |
|---|---|---|---|---|---|
| 1 | CHTR | Charter Communications, Inc. | Communication Services | 4.0 | 3.5 |
| 2 | CMCSA | Comcast Corporation | Communication Services | 4.6 | 7.0 |
| 3 | PYPL | PayPal Holdings, Inc. | Financial Services | 8.3 | 8.4 |
| 4 | PDD | PDD Holdings Inc. | Consumer Cyclical | 8.8 | 1.1 |
| 5 | LULU | Lululemon Athletica Inc. | Consumer Cyclical | 9.9 | 10.1 |
| 6 | CTSH | Cognizant Technology Solutions Corporation | Technology | 12.3 | 9.8 |
| 7 | GEHC | GE HealthCare Technologies Inc. | Healthcare | 13.7 | 12.8 |
| 8 | REGN | Regeneron Pharmaceuticals, Inc. | Healthcare | 14.8 | 13.2 |
| 9 | ADBE | Adobe Inc. | Technology | 15.5 | 11.0 |
| 10 | CDW | CDW Corporation | Technology | 15.5 | 11.8 |
10 Most Expensive (Highest P/E)
| # | Ticker | Company | Sector | P/E | Fwd P/E |
|---|---|---|---|---|---|
| 1 | WBD | Warner Bros. Discovery, Inc. | Communication Services | 93.1 | — |
| 2 | AVGO | Broadcom Inc. | Technology | 93.7 | 39.6 |
| 3 | SHOP | Shopify Inc. | Technology | 126.3 | 65.0 |
| 4 | MU | Micron Technology, Inc. | Technology | 127.9 | 16.6 |
| 5 | PANW | Palo Alto Networks, Inc. | Technology | 176.1 | 76.4 |
| 6 | AMD | Advanced Micro Devices, Inc. | Technology | 194.8 | 69.3 |
| 7 | PLTR | Palantir Technologies Inc. | Technology | 248.5 | 107.4 |
| 8 | AXON | Axon Enterprise, Inc. | Industrials | 297.2 | 58.4 |
| 9 | TSLA | Tesla, Inc. | Consumer Cyclical | 403.5 | 228.9 |
| 10 | ON | ON Semiconductor Corporation | Technology | 415.9 | 39.1 |
Data as of 2026-05-29 · Updated daily after market close · Source: computed from individual company financials
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