iShares A.I. Innovation and Tech Active ETF (BAI) Valuation
BAI valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 47.6 trailing earnings
- Forward P/E
- 24.0 analyst estimates
- Price / sales
- 3.87
- Price / book
- 11.46
- EV / EBITDA
- 30.4
- Earnings yield
- 2.10% inverse of P/E
- Dividend yield
- 0.20% of the holdings
- Return on equity
- 24.1% combined
- Net margin
- 8.1% combined
- Beta
- 1.79 weighted, vs S&P 500
BAI valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| BAI | 47.6 | 24.0 | 3.87 | 11.46 | 0.20% | 24.1% | 8.1% | 17.7% |
| 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.
BAI valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 86.9% | 48.3 | 22.5 | 3.57 | 11.86 | 0.22% | 24.6% |
| Industrials | 4.5% | n/m | 128.3 | 50.09 | 18.19 | 0.00% | −4.8% |
| Consumer Cyclical | 3.3% | 29.6 | 33.3 | 4.65 | 6.45 | 0.00% | 21.8% |
| Communication Services | 2.3% | 17.1 | 22.8 | 9.34 | 6.90 | 0.26% | 40.4% |
BAI 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 BAI weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
BAI largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MU | Micron Technology, Inc. | 6.19% | 11.8 | 7.0 | 7.5 | 0.07% | 30.74% |
| NVDA | NVIDIA Corporation | 5.80% | 27.1 | 24.9 | 17.1 | 0.47% | 12.58% |
| AMD | Advanced Micro Devices, Inc. | 5.39% | 134.9 | 39.5 | 20.9 | — | 2.35% |
| TSM | Taiwan Semiconductor Manufacturing Company Limited | 5.07% | 26.7 | 21.4 | 0.4 | 0.91% | 11.13% |
| AVGO | Broadcom Inc. | 4.55% | 43.3 | 19.4 | 17.6 | 0.79% | 6.17% |
| LRCX | Lam Research Corporation | 3.83% | 45.8 | 33.7 | 14.2 | 0.50% | 4.91% |
| SPCX | Space Exploration Technologies Corp. | 3.52% | — | 200.0 | 83.5 | — | −0.91% |
| SNOW | Snowflake Inc. | 3.09% | — | 169.5 | 19.9 | — | −1.88% |
| INTC | Intel Corporation | 2.74% | — | 63.3 | 8.3 | — | −3.80% |
| LITE | Lumentum Holdings Inc. | 2.72% | — | 42.9 | 24.8 | — | −18.03% |
| MRVL | Marvell Technology, Inc. | 2.68% | 72.3 | 62.1 | 21.7 | 0.11% | 2.17% |
| 3017 | Asia Vital Components Co Ltd | 2.56% | — | — | — | — | — |
| MSFT | Microsoft Corporation | 2.52% | 29.5 | 25.1 | 11.8 | 0.74% | 5.02% |
| 2383 | Elite Material Co Ltd | 2.42% | — | — | — | — | — |
| GOOGL | Alphabet Inc. | 2.29% | 17.1 | 22.8 | 9.3 | 0.26% | 7.88% |
| ANET | Arista Networks, Inc. | 2.25% | 55.8 | 39.2 | 21.2 | — | 2.37% |
| 3037 | Unimicron Technology Corp | 2.24% | — | — | — | — | — |
| AMZN | Amazon.com, Inc. | 2.18% | 20.1 | 23.6 | 3.5 | — | 6.36% |
| CRWD | CrowdStrike Holdings, Inc. | 2.14% | — | 208.3 | 43.1 | — | 0.03% |
| SNDK | Sandisk Corporation | 2.11% | 17.6 | 8.0 | 9.3 | — | 7.04% |
| WDC | Western Digital Corporation | 2.11% | 12.3 | 22.8 | 9.6 | 0.18% | 10.03% |
| TSEM | Tower Semiconductor Ltd. | 1.85% | 77.3 | 38.5 | 12.9 | — | 1.41% |
| 3711 | ASE Industrial Holding Co Ltd | 1.78% | — | — | — | — | — |
| 2308 | Delta Electronics Inc | 1.65% | — | — | — | — | — |
| 3443 | Global Unichip Corp | 1.64% | — | — | — | — | — |
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 BAI valuation
Adding up its 36 holdings with company data, BAI trades at 47.6 times trailing earnings and 24.0 times analysts' forward estimates, with a price-to-book ratio of 11.46 and a dividend yield of 0.20%. Its earnings yield of 2.10% is 3.23 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 42.9% of the fund and earn 43.3% of its combined profit. By sector, Technology is the most expensive at 48.3 times earnings and Communication Services the cheapest at 17.1. Companies that lost money over the past year are 17.7% 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 82.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: BAI chart, BAI performance, BAI holdings, BAI dividends.
BAI valuation FAQ
What is the P/E ratio of BAI?
Based on its holdings, BAI has a trailing P/E of 47.6 and a forward P/E of 24.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of BAI?
The trailing earnings yield is 2.10% (1 ÷ P/E) and the forward earnings yield 4.17%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is BAI more expensive than the S&P 500?
BAI trades at 47.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 24.0 and 19.9.
What is the price-to-book ratio of BAI?
The holdings of BAI trade at 11.46 times book value, with a combined return on equity of 24.1%.
Which sector in BAI has the highest P/E?
Technology has the highest P/E at 48.3 and Communication Services the lowest at 17.1.