MSCI vs NDAQ

MSCI Inc. and Nasdaq, Inc., both Financial Services

Nasdaq, Inc. is the larger company at $47B against $42B. On trailing earnings NDAQ is the cheaper of the two at a P/E of 29.0 against 30.8, a gap that is only a bargain if the two are growing at similar rates. Over the past year MSCI returned +4.3% against +4.3% for NDAQ. Ryufin's sector-relative Smart Score puts MSCI ahead, 7/10 against 4/10.

MSCI Inc. and Nasdaq, Inc.compared on valuation, return and Ryufin’s Smart Score
FigureMSCINDAQ
Last close$564$99.45
Market cap$42B$47B
Trailing P/Elower is cheaper for the same earnings, not automatically better30.829.0
Dividend yield1.3%1.1%
1-year return+4.3%+4.3%
5-year return+0.0%+71%
Ryufin Smart Scoresector-relative, 1–107/104/10

Figures from SEC filings and end-of-day closes. Highlighting marks the higher or lower number, which is not the same as the better investment, a low P/E can be a warning and a high one can be deserved.

MSCI Inc.

Revenue of $867M in Q2 2026, net income $342M. Its largest reported line is Reportable Segment Aggregation Before Other Operating, 91% of the disclosed total.

Nasdaq, Inc.

Revenue of $2.5B in Q2 2026, net income $507M. Its largest reported line is Market Services, 49% of the disclosed total.

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