iShares Nasdaq Premium Income Active ETF (BALQ) Valuation

NASDAQ: BALQP/E, earnings yield and other ratios of the holdings combined.

BALQ valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 32.8
Forward P/E: 21.4
Price / sales: 4.09
Price / book: 7.95
EV / EBITDA: 20.4
Earnings yield: 3.05%
Dividend yield: 0.66%
Return on equity: 24.2%
Net margin: 12.5%
Beta: 1.40

BALQ valuation vs other stock ETFs

P/E (TTM)Forward P/E

BALQ valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
BALQ	32.8	21.4	4.09	7.95	0.66%	24.2%	12.5%	6.9%
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.

BALQ valuation by sector

P/E (TTM)Forward P/E

BALQ valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	55.8%	37.2	20.6	7.25	10.46	0.49%	28.1%
Communication Services	10.5%	19.1	19.2	5.70	5.52	0.70%	28.9%
Consumer Cyclical	8.8%	29.8	31.0	3.91	7.05	0.20%	23.6%
Consumer Defensive	6.8%	41.8	35.6	1.34	8.58	0.88%	20.5%
Industrials	5.7%	44.9	30.4	3.83	10.78	1.19%	24.0%
Healthcare	4.4%	49.0	17.0	2.05	5.33	1.23%	10.9%
Financial Services	1.4%	13.3	13.6	3.59	2.69	2.39%	20.2%
Energy	1.3%	18.0	10.1	0.91	3.80	1.38%	21.1%
Basic Materials	0.7%	56.4	11.0	0.75	1.42	4.44%	2.5%
Utilities	0.0%	17.9	17.7	5.80	2.81	3.12%	15.7%

BALQ earnings yield vs bond yields

BALQ earnings yield (forward)

4.68%

BALQ earnings yield (trailing)

3.05%

BALQ dividend yield

0.66%

Bond market yield (AGG)

5.33%

T-bill yield (BIL)

3.91%

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 BALQ weight splits by P/E

Share of the covered weight in companies with a trailing P/E in each range.

BALQ largest holdings: valuation

BALQ largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
NVDA	NVIDIA Corporation	8.19%	27.1	24.9	17.1	0.47%	10.41%
AAPL	Apple Inc.	7.56%	39.4	35.2	10.7	0.31%	6.60%
MSFT	Microsoft Corporation	7.51%	29.5	25.1	11.8	0.74%	8.77%
AMZN	Amazon.com, Inc.	4.69%	20.1	23.6	3.5	—	8.02%
MU	Micron Technology, Inc.	4.45%	11.8	7.0	7.5	0.07%	12.94%
AMD	Advanced Micro Devices, Inc.	4.06%	134.9	39.5	20.9	—	1.04%
COST	Costco Wholesale Corporation	3.41%	47.6	40.3	1.4	0.59%	2.46%
META	Meta Platforms, Inc.	3.20%	26.7	22.1	7.9	0.30%	4.12%
GOOGL	Alphabet Inc.	3.09%	17.1	22.8	9.3	0.26%	6.21%
AVGO	Broadcom Inc.	2.89%	43.3	19.4	17.6	0.79%	2.30%
WMT	Walmart Inc.	2.77%	43.0	38.0	1.3	0.83%	2.21%
TSLA	Tesla, Inc.	2.72%	328.4	158.7	13.5	—	0.28%
GOOG	Alphabet Inc.	2.69%	16.9	21.8	9.2	0.26%	5.47%
INTC	Intel Corporation	2.28%	—	63.3	8.3	—	−1.85%
PLTR	Palantir Technologies Inc.	2.26%	160.4	85.5	72.6	—	0.49%
CSCO	Cisco Systems, Inc.	2.19%	32.2	19.8	6.7	1.56%	2.33%
SPCX	Space Exploration Technologies Corp.	2.13%	—	200.0	83.5	—	−0.32%
LRCX	Lam Research Corporation	1.64%	45.8	33.7	14.2	0.50%	1.23%
AMAT	Applied Materials, Inc.	1.61%	35.3	23.4	10.5	0.52%	1.57%
QCOM	QUALCOMM Incorporated	1.18%	19.9	19.6	4.2	2.14%	2.03%
VLO	Valero Energy Corporation	0.86%	18.5	10.2	1.0	1.08%	1.60%
ADBE	Adobe Inc.	0.78%	13.7	8.7	3.7	—	1.97%
GS	The Goldman Sachs Group, Inc.	0.78%	12.7	12.8	3.6	2.27%	2.13%
INTU	Intuit Inc.	0.72%	19.8	12.7	4.1	1.70%	1.26%
VZ	Verizon Communications Inc.	0.72%	11.7	8.7	1.3	6.32%	2.11%

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 BALQ valuation

Adding up its 127 holdings with company data, BALQ trades at 32.8 times trailing earnings and 21.4 times analysts' forward estimates, with a price-to-book ratio of 7.95 and a dividend yield of 0.66%. Its earnings yield of 3.05% is 2.28 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 49.1% of the fund and earn 62.9% of its combined profit. By sector, Basic Materials is the most expensive at 56.4 times earnings and Financial Services the cheapest at 13.3. Companies that lost money over the past year are 6.9% 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 99.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

BALQ valuation FAQ

What is the P/E ratio of BALQ?

Based on its holdings, BALQ has a trailing P/E of 32.8 and a forward P/E of 21.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of BALQ?

The trailing earnings yield is 3.05% (1 ÷ P/E) and the forward earnings yield 4.68%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is BALQ more expensive than the S&P 500?

BALQ trades at 32.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 21.4 and 19.9.

What is the price-to-book ratio of BALQ?

The holdings of BALQ trade at 7.95 times book value, with a combined return on equity of 24.2%.

Which sector in BALQ has the highest P/E?

Basic Materials has the highest P/E at 56.4 and Financial Services the lowest at 13.3.