Global X MSCI Argentina ETF (ARGT) Valuation
ARGT valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 14.7 trailing earnings
- Forward P/E
- 7.4 analyst estimates
- Price / sales
- 0.00
- Price / book
- 1.66
- EV / EBITDA
- 6.6
- Earnings yield
- 6.81% inverse of P/E
- Dividend yield
- 1.55% of the holdings
- Return on equity
- 11.3% combined
- Net margin
- 0.0% combined
- Beta
- 0.41 weighted, vs S&P 500
ARGT valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| ARGT | 14.7 | 7.4 | 0.00 | 1.66 | 1.55% | 11.3% | 0.0% | 3.7% |
| 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.
ARGT valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Consumer Cyclical | 28.9% | 27.4 | 28.3 | 1.42 | 7.21 | 0.44% | 26.4% |
| Energy | 21.0% | 13.8 | 5.9 | 0.00 | 1.84 | 0.00% | 13.3% |
| Financial Services | 13.7% | 20.6 | 3.4 | 0.00 | 1.07 | 4.50% | 5.2% |
| Industrials | 8.7% | 8.1 | 6.9 | 0.00 | 1.21 | 0.99% | 14.9% |
| Utilities | 4.5% | 5.4 | 8.7 | 0.00 | 0.84 | 5.93% | 15.5% |
| Communication Services | 3.3% | 9.7 | 5.5 | 1.02 | 1.03 | 0.35% | 10.6% |
| Real Estate | 1.6% | 3.9 | 38.2 | 0.00 | 0.89 | 10.01% | 22.7% |
ARGT 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 ARGT weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
ARGT largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MELI | MercadoLibre, Inc. | 22.47% | 50.5 | 32.8 | 2.6 | — | 7.89% |
| YPF | YPF Sociedad Anónima | 10.05% | 27.4 | 5.0 | 0.0 | — | 6.50% |
| VIST | Vista Energy, S.A.B. de C.V. | 7.20% | 9.4 | 6.3 | 2.3 | — | 13.59% |
| GGAL | Grupo Financiero Galicia S.A. | 5.33% | 40.5 | 3.3 | 0.0 | 4.30% | 2.33% |
| PAM | Pampa Energía S.A. | 4.71% | 7.4 | 6.7 | 1.8 | — | 11.32% |
| BMA | Banco Macro S.A. | 3.97% | 13.1 | 3.1 | 0.0 | 7.11% | 5.37% |
| TGS | Transportadora de Gas del Sur S.A. | 3.75% | 9.8 | 8.6 | 0.0 | — | 6.80% |
| ANDINA-B | Embotelladora Andina S.A | 3.49% | — | — | — | — | — |
| FVI | Fortuna Silver Mines Inc | 3.48% | — | — | — | — | — |
| TEO | Telecom Argentina S.A | 3.33% | 9.7 | 5.5 | 1.0 | 0.35% | 6.05% |
| CENCOSUD | Cencosud | 3.24% | — | — | — | — | — |
| SSRM | SSR Mining Inc | 3.23% | — | — | — | — | — |
| ARCO | Arcos Dorados Holdings Inc. | 3.22% | 6.5 | 14.5 | 0.3 | 3.52% | 8.76% |
| CEPU | Central Puerto S.A. | 3.21% | 5.7 | — | 0.0 | 8.32% | 10.05% |
| BBAR | Banco BBVA Argentina S.A. | 3.03% | 9.6 | 3.2 | 0.0 | 3.39% | 5.59% |
| CAAP | Corporación América Airports S.A. | 2.46% | 14.0 | 4.9 | 1.9 | — | 3.11% |
| CCU | Compania Cervecerias Unidas SA | 1.97% | — | — | — | — | — |
| LAR | Lithium Argentina AG | 1.66% | — | 26.5 | 89.1 | — | −2.16% |
| IRS | IRSA Inversiones y Representaciones SA | 1.65% | 3.9 | 38.2 | 0.0 | 10.01% | 7.47% |
| CRESY | Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria | 1.58% | 6.0 | 26.0 | 0.0 | 5.47% | 4.68% |
| LOMA | Loma Negra Compañía Industrial Argentina Sociedad Anónima | 1.55% | 32.4 | 9.9 | 0.0 | — | 0.85% |
| SUPV | Grupo Supervielle S.A. | 1.33% | — | 7.8 | 0.0 | — | −1.53% |
| EDN | Empresa Distribuidora y Comercializadora Norte Sociedad Anónima | 1.30% | 4.8 | 8.7 | 0.0 | — | 4.74% |
| AGRO | Adecoagro S.A. | 0.98% | 25.7 | 19.3 | 0.9 | 2.95% | 0.68% |
| BIOX | Bioceres Crop Solutions Corp. | 0.04% | — | 15.0 | 0.1 | — | −2.09% |
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 ARGT valuation
Adding up its 20 holdings with company data, ARGT trades at 14.7 times trailing earnings and 7.4 times analysts' forward estimates, with a price-to-book ratio of 1.66 and a dividend yield of 1.55%. Its earnings yield of 6.81% is 1.48 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 67.8% of the fund and earn 78.7% of its combined profit. By sector, Consumer Cyclical is the most expensive at 27.4 times earnings and Real Estate the cheapest at 3.9. Companies that lost money over the past year are 3.7% 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 84.3% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: ARGT chart, ARGT performance, ARGT holdings, ARGT dividends.
ARGT valuation FAQ
What is the P/E ratio of ARGT?
Based on its holdings, ARGT has a trailing P/E of 14.7 and a forward P/E of 7.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of ARGT?
The trailing earnings yield is 6.81% (1 ÷ P/E) and the forward earnings yield 13.60%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is ARGT more expensive than the S&P 500?
ARGT trades at 14.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 7.4 and 19.9.
What is the price-to-book ratio of ARGT?
The holdings of ARGT trade at 1.66 times book value, with a combined return on equity of 11.3%.
Which sector in ARGT has the highest P/E?
Consumer Cyclical has the highest P/E at 27.4 and Real Estate the lowest at 3.9.