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London Stock Exchange Group vs Nasdaq: Which Stock Looks Stronger in 2026?

Nasdaq holds the cleaner structural position, with the lead spread across valuation and stability. London Stock Exchange does not offset that deficit through any equally strong structural edge elsewhere. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

The clearest separation starts in valuation, but stability adds another real layer to the result. Nasdaq, Inc. leads by 28 points on the overall comparison score.

INDUSTRY COMPARISON

Both operate in: Financial Data & Stock Exchanges

This comparison is based on industry proximity, not on functional trajectory similarity. LSEG.L and NDAQ share the same industry classification.

For a similarity-based comparison, see how London Stock Exchange and Nasdaq each position within their functional peer groups in AssetNext.

Peer-Relative Score
LSEG.L
London Stock Exchange Group plc
32
Peer-Score
Signal qualityLow
vs
NDAQ
Nasdaq, Inc.
60
Peer-Score
Signal qualityHigh

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: LSEG.L vs NDAQ Profitability 5 36 Stability 33 66 Valuation 33 66 Growth 70 81 LSEG.L NDAQ
Gap Ranking
#1 Valuation +33
#2 Stability +33
#3 Profitability +31
#4 Growth +11
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for LSEG.L and NDAQ Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer LSEG.LNDAQ Relative valuation Structural strength

Nasdaq, Inc. looks stronger on relative valuation, while the broader price setup remains mixed.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Valuation
Nasdaq, Inc. ranks near the top of the group on valuation; London Stock Exchange Group plc sits in the weaker half.
Stability
On stability, the gap still runs the same way: Nasdaq, Inc. sits near the top of the group, while London Stock Exchange Group plc remains in the weaker half.
Valuation — Dominant Gap
LSEG.L
33
NDAQ
66
Gap+33in favour of NDAQ

The multiple-based pricing edge comes from a trailing P/E that is 10.6 turns lower.

What keeps the gap from being one-sided

London Stock Exchange Group plc still looks less cycle-sensitive — that keeps the result from looking completely one-sided.

What this means for the comparison

The lead is built on both valuation and stability, making it broader than a single-dimension result.

Explore full peer positioning in AssetNext

Break down the LSEG.L vs NDAQ comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar valuation-and-stability comparisons

Explore how LSEG.L and NDAQ each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.