Nasdaq100 Institutional PE (Top 20) + EPS Table

Overview

The Nasdaq100 Institutional PE indicator is a macro-valuation tool that provides a fundamental "health check" for the technology and growth sectors. By aggregating the TTM Earnings Per Share (EPS) and real-time prices of the Top 20 components of the Nasdaq 100, this indicator calculates a Weighted Institutional P/E Ratio.

Since the Nasdaq 100 is highly concentrated in its top holdings (like AAPL, MSFT, and NVDA), tracking the weighted valuation of these 20 giants offers a more accurate reflection of institutional sentiment and market "expensiveness" than looking at price alone.

Key Features

1. Weighted P/E Methodology

Unlike a simple average, this script uses Earnings Yield (E/P) weighting to calculate the aggregate P/E. This mirrors the way institutional funds view index valuation—assigning more importance to the tech behemoths that truly move the needle.

The Result: A smooth, real-time valuation curve (Institutional P/E) that tracks whether the Nasdaq is in a phase of Multiple Expansion (getting more expensive) or Multiple Compression (becoming cheaper).

2. Real-time Fundamental Dashboard

The integrated table offers a comprehensive breakdown of the market leaders:

EPS (TTM): Tracks the actual earnings performance for each of the 20 companies.

Individual PE: View the specific valuation of each component to see who is leading or lagging.

Risk Highlighting: Cells automatically turn Red if a company reports zero or negative earnings, warning you of fundamental cracks in the growth story.

3. Top 20 Coverage

The indicator tracks the "Titans of Tech," including:

The Mag 7: AAPL, MSFT, NVDA, AMZN, GOOGL, META, TSLA.

Semiconductor Leaders: AVGO, QCOM, AMAT, INTC, TXN.

Growth & Services: ADBE, PEP, CSCO, INTU, BKNG, and more.

How to Use for Analysis

Macro Tops & Bottoms: Historically, the Nasdaq 100 exhibits "valuation ceilings." When the weighted P/E reaches extreme historical highs, it may signal an overbought market ripe for a correction.

Sector Health: Use the table to monitor EPS during earnings season. If the top 5 companies show strong EPS growth while the P/E line remains flat, the market may be fundamentally under-pricing the growth.

Customizable UI: Toggle the table on/off or switch its position (Left/Right) to maintain a clean workspace.

Technical Note: This script utilizes request.financial and request.security to fetch deep fundamental data. It is optimized for Daily (D) and Weekly (W) timeframes to provide a high-level view of Nasdaq’s institutional valuation.

Excerpt from Methods of a Wall Street Master

"By observing the broad market's P/E and Book Value relative to their historical levels, you can derive an ideal secondary indicator for overbought and oversold conditions. Furthermore, by comparing individual stocks to market indices through these metrics, you can evaluate their relative performance and determine if a specific stock is leading or lagging the market's valuation extremes."