Blackrock Advantage Large Cap Income ETF (BALI) Valuation
BALI valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 25.2 trailing earnings
- Forward P/E
- 18.8 analyst estimates
- Price / sales
- 2.83
- Price / book
- 5.00
- EV / EBITDA
- 16.6
- Earnings yield
- 3.97% inverse of P/E
- Dividend yield
- 1.47% of the holdings
- Return on equity
- 19.8% combined
- Net margin
- 11.2% combined
- Beta
- 1.05 weighted, vs S&P 500
BALI valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| BALI | 25.2 | 18.8 | 2.83 | 5.00 | 1.47% | 19.8% | 11.2% | 2.9% |
| 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.
BALI valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 34.9% | 32.3 | 23.0 | 9.18 | 12.95 | 0.62% | 40.1% |
| Healthcare | 10.8% | 40.3 | 15.7 | 1.15 | 4.63 | 2.13% | 11.5% |
| Financial Services | 9.7% | 15.6 | 14.5 | 3.72 | 2.17 | 1.87% | 13.9% |
| Consumer Cyclical | 8.9% | 24.8 | 23.1 | 2.96 | 8.12 | 0.63% | 32.7% |
| Communication Services | 8.4% | 18.3 | 17.7 | 4.44 | 4.69 | 1.09% | 25.7% |
| Industrials | 7.4% | 23.3 | 19.5 | 2.13 | 7.61 | 2.19% | 32.7% |
| Consumer Defensive | 6.1% | 28.5 | 19.3 | 1.24 | 3.93 | 2.58% | 13.8% |
| Energy | 4.9% | 20.6 | 13.1 | 1.49 | 2.57 | 2.38% | 12.5% |
| Utilities | 2.5% | 19.2 | 16.2 | 3.16 | 1.98 | 3.43% | 10.3% |
| Basic Materials | 1.3% | 41.1 | 18.6 | 2.19 | 3.11 | 1.98% | 7.6% |
| Real Estate | 1.0% | 12.0 | 13.0 | 5.53 | 1.46 | 8.90% | 12.1% |
BALI 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 BALI weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
BALI largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 6.91% | 27.1 | 24.9 | 17.1 | 0.47% | 6.75% |
| AAPL | Apple Inc. | 6.35% | 39.4 | 35.2 | 10.7 | 0.31% | 4.27% |
| MSFT | Microsoft Corporation | 5.29% | 29.5 | 25.1 | 11.8 | 0.74% | 4.75% |
| AMZN | Amazon.com, Inc. | 3.42% | 20.1 | 23.6 | 3.5 | — | 4.49% |
| GOOGL | Alphabet Inc. | 2.35% | 17.1 | 22.8 | 9.3 | 0.26% | 3.63% |
| GOOG | Alphabet Inc. | 2.18% | 16.9 | 21.8 | 9.2 | 0.26% | 3.41% |
| AVGO | Broadcom Inc. | 2.07% | 43.3 | 19.4 | 17.6 | 0.79% | 1.26% |
| XOM | Exxon Mobil Corporation | 1.81% | 23.0 | 14.8 | 2.0 | 2.30% | 2.08% |
| COST | Costco Wholesale Corporation | 1.74% | 47.6 | 40.3 | 1.4 | 0.59% | 0.97% |
| BRK.B | Berkshire Hathaway Inc. | 1.73% | 13.4 | 22.7 | 3.0 | — | 3.42% |
| CVX | Chevron Corporation | 1.71% | 21.2 | 15.2 | 2.1 | 3.16% | 2.14% |
| META | Meta Platforms, Inc. | 1.64% | 26.7 | 22.1 | 7.9 | 0.30% | 1.62% |
| V | Visa Inc. | 1.62% | 34.3 | 24.0 | 17.0 | 0.67% | 1.25% |
| PG | The Procter & Gamble Company | 1.58% | 24.1 | 21.2 | 4.3 | 2.73% | 1.74% |
| TJX | The TJX Companies, Inc. | 1.25% | 27.3 | 24.9 | 2.6 | 1.30% | 1.21% |
| MU | Micron Technology, Inc. | 1.25% | 11.8 | 7.0 | 7.5 | 0.07% | 2.79% |
| PFE | Pfizer Inc. | 1.23% | 38.9 | 9.7 | 2.6 | 5.81% | 0.84% |
| LLY | Eli Lilly and Company | 1.23% | 42.2 | 24.4 | 14.1 | 0.55% | 0.77% |
| AMD | Advanced Micro Devices, Inc. | 1.22% | 134.9 | 39.5 | 20.9 | — | 0.24% |
| UNH | UnitedHealth Group Incorporated | 1.13% | 25.8 | 16.6 | 0.8 | 2.31% | 1.16% |
| JPM | JPMorgan Chase & Co. | 1.13% | 14.2 | 13.5 | 4.7 | 1.94% | 2.10% |
| UPS | United Parcel Service, Inc. | 1.11% | 18.1 | 12.0 | 0.9 | 6.73% | 1.62% |
| VZ | Verizon Communications Inc. | 0.92% | 11.7 | 8.7 | 1.3 | 6.32% | 2.08% |
| CSCO | Cisco Systems, Inc. | 0.91% | 32.2 | 19.8 | 6.7 | 1.56% | 0.75% |
| MRK | Merck & Co., Inc. | 0.91% | 115.8 | 15.3 | 5.4 | 2.33% | 0.21% |
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 BALI valuation
Adding up its 187 holdings with company data, BALI trades at 25.2 times trailing earnings and 18.8 times analysts' forward estimates, with a price-to-book ratio of 5.00 and a dividend yield of 1.47%. Its earnings yield of 3.97% is 1.36 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 35.0% of its combined profit. By sector, Basic Materials is the most expensive at 41.1 times earnings and Real Estate the cheapest at 12.0. Companies that lost money over the past year are 2.9% 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 99.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: BALI chart, BALI performance, BALI holdings, BALI dividends.
BALI valuation FAQ
What is the P/E ratio of BALI?
Based on its holdings, BALI has a trailing P/E of 25.2 and a forward P/E of 18.8 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of BALI?
The trailing earnings yield is 3.97% (1 ÷ P/E) and the forward earnings yield 5.32%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is BALI more expensive than the S&P 500?
BALI trades at 25.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 18.8 and 19.9.
What is the price-to-book ratio of BALI?
The holdings of BALI trade at 5.00 times book value, with a combined return on equity of 19.8%.
Which sector in BALI has the highest P/E?
Basic Materials has the highest P/E at 41.1 and Real Estate the lowest at 12.0.