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Nasdaq 100 · Forward PE (Consensus)

Nasdaq 100 · Forward PE Since 2001

NDX forward P/E (daily): 19.5× as of 2026-11-12.

Nasdaq 100 Forward P/E — Consensus forward P/E multiples for the Nasdaq 100 since 2001, compared to 2000 bubble peaks.

The plate

0×10×20×30×40×2022202320242025202624.3×All readings since 20015322.4×Trailing PE (TTM)Forward PE (terminal)Forward PE (daily)19.5×above 59%median 20.3×19.5×Trailing mean 30.6×Forward mean 24.4×

Right column: all 1,239 readings since 2001, stacked on the chart’s own scale; one block is 10 readings. The latest, 22.4× on 2026-08-05, is higher than 59% of them. Hatched band: the middle half (17.5×–26.1×); gold tick: the median, 20.3×. The daily line (19.5×, 2026-11-12) is computed another way: it is marked, not ranked. 53 more readings lie beyond the scale, counted by the triangle at its end.

0×10×20×30×40×2022202320242025202624.3×All readings since 20010×10×20×30×40×5322.4×Trailing PE (TTM)Forward PE (terminal)Forward PE (daily)19.5×20.3×above 59%Trailing mean 30.6×Forward mean 24.4×

Strip below: all 1,239 readings since 2001, stacked on the chart’s own scale; one block is 10 readings. The latest, 22.4× on 2026-08-05, is higher than 59% of them. Hatched band: the middle half (17.5×–26.1×); gold tick: the median, 20.3×. The daily line (19.5×, 2026-11-12) is computed another way: it is marked, not ranked. 53 more readings lie beyond the scale, counted by the triangle at its end.

Plate II.6 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. Data through 2026-11-13

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 24.3× 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.

View the interactive chart Download raw JSON

Nasdaq 100 — trailing vs consensus forward PE multiples (year-end observations)

Nasdaq 100 — trailing vs consensus forward PE multiples (year-end observations)
DateTTM PEForward PE
2026-08-0524.3×22.4×
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 1369 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 24.3× trailing P/E and 22.4× forward P/E (next-twelve-months consensus), updated as of 2026-11-13.

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 each weekend. 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.

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