AQE Core ETF (AQEC) Valuation
AQEC valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 24.6 trailing earnings
- Forward P/E
- 19.3 analyst estimates
- Price / sales
- 3.81
- Price / book
- 5.76
- EV / EBITDA
- 16.4
- Earnings yield
- 4.07% inverse of P/E
- Dividend yield
- 1.24% of the holdings
- Return on equity
- 23.4% combined
- Net margin
- 15.5% combined
- Beta
- 1.07 weighted, vs S&P 500
AQEC valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| AQEC | 24.6 | 19.3 | 3.81 | 5.76 | 1.24% | 23.4% | 15.5% | 1.4% |
| SPY | 25.9 | 19.9 | 3.67 | 5.47 | 1.08% | 21.1% | 14.2% | 1.9% |
| QQQ | 34.2 | 23.4 | 5.93 | 9.27 | 0.58% | 27.1% | 17.4% | 6.9% |
| DIA | 20.9 | 18.4 | 3.16 | 5.52 | 1.55% | 26.4% | 15.1% | 0.0% |
| VTI | 28.2 | 19.4 | 3.31 | 5.00 | 1.07% | 17.7% | 11.8% | 4.6% |
| IWM | n/m | 13.9 | 1.25 | 2.03 | 1.38% | −1.7% | −1.0% | 28.1% |
Same method for every fund. n/m = not meaningful (combined trailing earnings below zero or close to it). Loss-makers = weight of holdings with negative trailing earnings.
AQEC valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 32.6% | 30.4 | 22.8 | 9.41 | 14.96 | 0.54% | 49.1% |
| Communication Services | 13.4% | 20.8 | 17.4 | 3.17 | 3.73 | 0.80% | 17.9% |
| Healthcare | 13.0% | 24.8 | 15.8 | 2.55 | 5.32 | 2.18% | 21.4% |
| Financial Services | 11.8% | 18.6 | 15.9 | 4.13 | 2.73 | 1.09% | 14.7% |
| Consumer Defensive | 9.4% | 26.0 | 18.9 | 2.86 | 6.41 | 2.78% | 24.7% |
| Consumer Cyclical | 8.6% | 28.0 | 24.3 | 3.28 | 8.51 | 0.94% | 30.5% |
| Industrials | 5.9% | 20.0 | 20.9 | 1.92 | 5.74 | 1.65% | 28.6% |
| Energy | 1.8% | 21.9 | 14.6 | 2.13 | 2.38 | 2.56% | 10.9% |
| Utilities | 0.5% | 19.0 | 17.0 | 3.96 | 2.27 | 3.30% | 12.0% |
| Basic Materials | 0.4% | 18.2 | 22.3 | 3.83 | 3.93 | 2.37% | 21.6% |
| Real Estate | 0.2% | 19.0 | 27.1 | 9.12 | 17.95 | 4.07% | 94.6% |
AQEC earnings yield vs bond yields
Earnings yield = earnings ÷ price (1 ÷ P/E). The gap to bond yields is a rough gauge of the extra return stocks are priced to deliver.
How AQEC weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
AQEC largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 8.09% | 39.4 | 35.2 | 10.7 | 0.31% | 5.25% |
| NVDA | NVIDIA Corporation | 7.66% | 27.1 | 24.9 | 17.1 | 0.47% | 7.24% |
| MSFT | Microsoft Corporation | 5.73% | 29.5 | 25.1 | 11.8 | 0.74% | 4.97% |
| GOOGL | Alphabet Inc. | 3.07% | 17.1 | 22.8 | 9.3 | 0.26% | 4.60% |
| AMZN | Amazon.com, Inc. | 2.99% | 20.1 | 23.6 | 3.5 | — | 3.80% |
| AVGO | Broadcom Inc. | 2.07% | 43.3 | 19.4 | 17.6 | 0.79% | 1.22% |
| GOOG | Alphabet Inc. | 2.05% | 16.9 | 21.8 | 9.2 | 0.26% | 3.11% |
| BRK.B | Berkshire Hathaway Inc. | 2.04% | 13.4 | 22.7 | 3.0 | — | 3.90% |
| META | Meta Platforms, Inc. | 1.75% | 26.7 | 22.1 | 7.9 | 0.30% | 1.68% |
| V | Visa Inc. | 1.74% | 34.3 | 24.0 | 17.0 | 0.67% | 1.30% |
| JNJ | Johnson & Johnson | 1.59% | 38.8 | 21.0 | 6.2 | 2.10% | 1.05% |
| LLY | Eli Lilly and Company | 1.42% | 42.2 | 24.4 | 14.1 | 0.55% | 0.86% |
| TSLA | Tesla, Inc. | 1.37% | 328.4 | 158.7 | 13.5 | — | 0.11% |
| PG | The Procter & Gamble Company | 1.29% | 24.1 | 21.2 | 4.3 | 2.73% | 1.37% |
| MU | Micron Technology, Inc. | 1.17% | 11.8 | 7.0 | 7.5 | 0.07% | 2.54% |
| JPM | JPMorgan Chase & Co. | 1.17% | 14.2 | 13.5 | 4.7 | 1.94% | 2.11% |
| PM | Philip Morris International Inc. | 1.14% | 29.5 | 20.9 | 7.5 | 3.12% | 0.99% |
| HD | The Home Depot, Inc. | 1.10% | 21.5 | 19.8 | 1.8 | 3.01% | 1.31% |
| ISRG | Intuitive Surgical, Inc. | 1.09% | 48.9 | 33.3 | 13.7 | — | 0.57% |
| RTX | RTX Corporation | 1.06% | 34.1 | 24.6 | 2.8 | 1.51% | 0.80% |
| XOM | Exxon Mobil Corporation | 1.05% | 23.0 | 14.8 | 2.0 | 2.30% | 1.16% |
| DIS | The Walt Disney Company | 1.01% | 22.8 | 13.8 | 1.9 | 1.36% | 1.14% |
| AMD | Advanced Micro Devices, Inc. | 1.00% | 134.9 | 39.5 | 20.9 | — | 0.19% |
| CRM | Salesforce, Inc. | 1.00% | 22.0 | 14.0 | 4.5 | 0.73% | 1.16% |
| IT | Gartner, Inc. | 0.97% | 18.6 | 11.3 | 2.0 | — | 1.33% |
Share of earnings = the holding's part of the fund's combined trailing profit. Green: earns more than its weight; orange: less. Symbol links go to each company's key metrics.
About AQEC valuation
Adding up its 126 holdings with company data, AQEC trades at 24.6 times trailing earnings and 19.3 times analysts' forward estimates, with a price-to-book ratio of 5.76 and a dividend yield of 1.24%. Its earnings yield of 4.07% is 1.26 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 37.2% of the fund and earn 37.1% of its combined profit. By sector, Technology is the most expensive at 30.4 times earnings and Basic Materials the cheapest at 18.2. Companies that lost money over the past year are 1.4% of the covered weight.
How these figures are calculated. Each ratio treats the fund as one company: the earnings, sales and book value of every holding are added up in proportion to its weight and divided into the fund's price. In practice that is a weighted harmonic mean, so a single stock with a very high P/E cannot distort the result, and loss-making companies reduce the fund's earnings instead of being dropped. Covers 96.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: AQEC chart, AQEC holdings, AQEC dividends.
AQEC valuation FAQ
What is the P/E ratio of AQEC?
Based on its holdings, AQEC has a trailing P/E of 24.6 and a forward P/E of 19.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of AQEC?
The trailing earnings yield is 4.07% (1 ÷ P/E) and the forward earnings yield 5.18%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is AQEC more expensive than the S&P 500?
AQEC trades at 24.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.3 and 19.9.
What is the price-to-book ratio of AQEC?
The holdings of AQEC trade at 5.76 times book value, with a combined return on equity of 23.4%.
Which sector in AQEC has the highest P/E?
Technology has the highest P/E at 30.4 and Basic Materials the lowest at 18.2.