Nasdaq 100 · Forward PE — Twenty-Five Years
NDX forward P/E (daily): 21.4× as of 2026-09-18.
Nasdaq 100 Forward P/E — Quarter-century history of consensus forward P/E multiples for the Nasdaq 100 compared to 2000 bubble peaks.
The plate
Terminal data — analyst consensus for Nasdaq 100 earnings over the next twelve months — published weekly from April 2001. The 2001–2003 stretch reads as a spike because post-bubble Nasdaq earnings collapsed toward zero and distorted the denominator; the series tops out near 82× in May 2001. January 2005 to July 2006 is deliberately blank: constituent coverage was still backfilling there and the level breaks by about a third against both neighbouring years, so the line resumes at a seam rather than pretending to run continuously. Zoom out to the 5- or 10-year window to read today's multiple against its real reference frame.
What this page answers
The Nasdaq 100 currently trades at approximately 29.3× trailing twelve-month earnings and 22.4× consensus forward earnings. A forward multiple below the trailing metric indicates market expectations of corporate profit growth over the coming twelve months; the spread between the two serves as a barometer of macroeconomic growth expectations.
Terminal data — analyst consensus for Nasdaq 100 earnings over the next twelve months — published weekly from April 2001. The 2001–2003 stretch reads as a spike because post-bubble Nasdaq earnings collapsed toward zero and distorted the denominator; the series tops out near 82× in May 2001. January 2005 to July 2006 is deliberately blank: constituent coverage was still backfilling there and the level breaks by about a third against both neighbouring years, so the line resumes at a seam rather than pretending to run continuously. Zoom out to the 5- or 10-year window to read today's multiple against its real reference frame. The data is refreshed by the History of Market pipeline and published as a stable JSON endpoint for research, citation, and AI-agent use.
Nasdaq 100 — trailing vs consensus forward PE multiples (year-end observations)
| Date | TTM PE | Forward PE |
|---|---|---|
| 2026-08-05 | 29.3× | 22.4× |
| 2025-12-26 | — | 25.4× |
| 2024-12-27 | — | 26.6× |
| 2023-12-29 | — | 24.8× |
| 2022-12-30 | — | 20.1× |
| 2021-12-31 | — | 28.4× |
| 2020-12-25 | — | 28.8× |
| 2019-12-27 | — | 22.0× |
| 2018-12-28 | — | 16.6× |
| 2017-12-29 | — | 19.6× |
| 2016-12-30 | — | 17.9× |
| 2015-12-25 | — | 18.3× |
| 2014-12-26 | — | 17.8× |
| 2013-12-27 | — | 17.8× |
| 2012-12-28 | — | 12.9× |
| 2011-12-30 | — | 12.2× |
| 2010-12-31 | — | 15.3× |
| 2009-12-25 | — | 17.8× |
| 2008-12-26 | — | 13.3× |
| 2007-12-28 | — | 21.9× |
| 2006-12-29 | — | 22.3× |
| 2004-12-31 | — | 31.5× |
| 2003-12-26 | — | 28.1× |
| 2002-12-27 | — | 27.7× |
| 2001-12-28 | — | 51.9× |
Displaying the 25 most recent of 1336 observations — complete series in JSON: https://historyofmarket.com/api/ndx/forward-pe.json
Data & Source
GET /api/ndx/forward-pe.json — Canonical dataset endpoint.
Exchange closing prices · Company filings · Robert Shiller · FRED · NBER.
FAQ
What is the current valuation multiple of the Nasdaq 100?
Approximately 29.3× trailing P/E and 22.4× forward P/E (next-twelve-months consensus), updated as of 2026-09-29.
Where does this data come from?
History of Market combines public market and macro datasets — exchange closing prices, company filings, Robert Shiller, FRED, NBER, and the UBS Global Investment Returns Yearbook (Dimson–Marsh–Staunton). The exact endpoint for this panel is linked below.
How often is it updated?
Daily-tier datasets refresh after the U.S. market close, with a broader weekly refresh on Sunday. The timestamp shown on this page comes from the JSON payload.
Can I use the data?
Yes, for research and education with attribution to History of Market. Upstream data sources retain their own terms.