First Trust Indxx Metaverse ETF (ARVR) Valuation
ARVR valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 45.1 trailing earnings
- Forward P/E
- 20.5 analyst estimates
- Price / sales
- 3.25
- Price / book
- 6.65
- EV / EBITDA
- 19.8
- Earnings yield
- 2.22% inverse of P/E
- Dividend yield
- 0.51% of the holdings
- Return on equity
- 14.7% combined
- Net margin
- 7.2% combined
- Beta
- 1.51 weighted, vs S&P 500
ARVR valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| ARVR | 45.1 | 20.5 | 3.25 | 6.65 | 0.51% | 14.7% | 7.2% | 24.7% |
| 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.
ARVR valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 59.6% | 30.0 | 19.1 | 3.64 | 7.27 | 0.66% | 24.3% |
| Healthcare | 1.4% | n/m | 303.0 | 0.41 | 0.88 | 0.00% | −15.4% |
ARVR 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 ARVR weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
ARVR largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| RBLX | Roblox Corporation | 3.66% | — | 192.3 | 6.2 | — | −7.33% |
| ADBE | Adobe Inc. | 3.44% | 13.7 | 8.7 | 3.7 | — | 18.69% |
| 9697 | Capcom Co Ltd | 3.43% | — | — | — | — | — |
| 6758 | Sony Corp | 3.42% | — | — | — | — | — |
| 1810 | Xiaomi Corp | 3.39% | — | — | — | — | — |
| 9999 | NetEase Inc | 3.36% | — | — | — | — | — |
| 7974 | Nintendo Co Ltd | 3.36% | — | — | — | — | — |
| ZM | Zoom Video Communications, Inc. | 3.30% | 8.7 | 15.1 | 5.5 | — | 28.09% |
| MCHP | Microchip Technology Incorporated | 3.24% | 108.6 | 20.5 | 7.8 | 2.46% | 2.22% |
| 3659 | Nexon Co Ltd | 3.20% | — | — | — | — | — |
| 0700 | Tencent Holdings Ltd | 3.19% | — | — | — | — | — |
| AAPL | Apple Inc. | 3.19% | 39.4 | 35.2 | 10.7 | 0.31% | 6.03% |
| TTWO | Take-Two Interactive Software, Inc. | 3.14% | — | 28.2 | 5.7 | — | −1.97% |
| MSFT | Microsoft Corporation | 3.01% | 29.5 | 25.1 | 11.8 | 0.74% | 7.59% |
| APH | Amphenol Corporation | 2.97% | 39.7 | 24.6 | 6.7 | 0.63% | 5.58% |
| TXN | Texas Instruments Incorporated | 2.95% | 42.1 | 27.5 | 13.0 | 2.20% | 5.22% |
| TSM | Taiwan Semiconductor Manufacturing Company Limited | 2.92% | 26.7 | 21.4 | 0.4 | 0.91% | 8.13% |
| QCOM | QUALCOMM Incorporated | 2.92% | 19.9 | 19.6 | 4.2 | 2.14% | 10.92% |
| META | Meta Platforms, Inc. | 2.87% | 26.7 | 22.1 | 7.9 | 0.30% | 7.99% |
| NFLX | Netflix, Inc. | 2.86% | 22.2 | 18.7 | 6.1 | — | 9.60% |
| SNPS | Synopsys, Inc. | 2.80% | 80.3 | 23.3 | 9.3 | — | 2.60% |
| NVDA | NVIDIA Corporation | 2.78% | 27.1 | 24.9 | 17.1 | 0.47% | 7.66% |
| INTC | Intel Corporation | 2.73% | — | 63.3 | 8.3 | — | −4.80% |
| MU | Micron Technology, Inc. | 2.70% | 11.8 | 7.0 | 7.5 | 0.07% | 16.98% |
| U | Unity Software Inc. | 2.67% | — | 28.7 | 8.8 | — | −6.68% |
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 ARVR valuation
Adding up its 22 holdings with company data, ARVR trades at 45.1 times trailing earnings and 20.5 times analysts' forward estimates, with a price-to-book ratio of 6.65 and a dividend yield of 0.51%. Its earnings yield of 2.22% is 3.11 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 33.8% of the fund and earn 72.2% of its combined profit. Companies that lost money over the past year are 24.7% 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 60.3% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: ARVR chart, ARVR performance, ARVR holdings, ARVR dividends.
ARVR valuation FAQ
What is the P/E ratio of ARVR?
Based on its holdings, ARVR has a trailing P/E of 45.1 and a forward P/E of 20.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of ARVR?
The trailing earnings yield is 2.22% (1 ÷ P/E) and the forward earnings yield 4.88%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is ARVR more expensive than the S&P 500?
ARVR trades at 45.1 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 20.5 and 19.9.
What is the price-to-book ratio of ARVR?
The holdings of ARVR trade at 6.65 times book value, with a combined return on equity of 14.7%.