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Market valuation question · updated from current data

Nasdaq Valuation Today: PE Ratio, QQQ Proxy, and Market Context

Use this page to read Nasdaq-100 valuation through the Invesco QQQ ETF proxy. StockCalc does not currently use LiXinger .NDX index-level valuation for this page, so the figures should be read as broad ETF proxy context.

Very Expensive Aging · 21 days old As of 2026-07-14

Is the Nasdaq expensive today?

The Nasdaq-100 proxy currently shows a P/E of 31.58, P/B of 1.99, and dividend yield of 0.4%. By a simple absolute P/E band, this is high by simple PE band.

Because this page uses QQQ ETF proxy data, it should be read as broad Nasdaq-100 exposure context rather than an official index-level valuation series.

P/E
31.58

ETF proxy portfolio PE

P/B
1.99

Price-to-book valuation

Dividend yield
0.4%

Portfolio or index dividend yield

Earnings yield
3.2%

Inverse of P/E

Data freshness

Market valuation pages are snapshots. StockCalc labels data as fresh for 14 days, aging through 45 days, and stale after 45 days.

Nasdaq 100 Proxy
Valuation: Aging · 21 days old Yield: Aging · 21 days old

As of 2026-07-14 · yield as of 2026-07-14

How to read this valuation page

Valuation is context.
High or low P/E does not predict the next market move by itself.
Sources differ.
Index-level data and ETF portfolio proxy data are not directly interchangeable.
Use a workflow.
After broad market context, check single-stock valuation, dividend, return, and position risk.

Frequently asked questions

How does StockCalc measure Nasdaq valuation?

This page uses the Invesco QQQ ETF proxy, with a P/E of 31.58 and an as-of date of 2026-07-14. It is not LiXinger .NDX index-level valuation.

Is QQQ the same as the Nasdaq-100 Index?

No. QQQ is an ETF designed to track Nasdaq-100 exposure. ETF portfolio metrics can differ from official index-level valuation series because of timing, holdings, fees, and provider methodology.

Does a high Nasdaq P/E mean investors should avoid it?

No. A high P/E can indicate expensive valuation, but it does not predict short-term returns. Growth expectations, rates, sector concentration, volatility, and risk tolerance also matter.

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