Baron Technology ETF (BCTK) Valuation
BCTK valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 50.6 trailing earnings
- Forward P/E
- 29.4 analyst estimates
- Price / sales
- 4.35
- Price / book
- 11.87
- EV / EBITDA
- 31.3
- Earnings yield
- 1.97% inverse of P/E
- Dividend yield
- 0.21% of the holdings
- Return on equity
- 23.4% combined
- Net margin
- 8.6% combined
- Beta
- 1.77 weighted, vs S&P 500
BCTK valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| BCTK | 50.6 | 29.4 | 4.35 | 11.87 | 0.21% | 23.4% | 8.6% | 14.8% |
| 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.
BCTK valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 58.0% | 64.6 | 26.4 | 3.31 | 14.86 | 0.29% | 23.0% |
| Communication Services | 15.8% | 23.1 | 24.2 | 7.34 | 8.07 | 0.16% | 34.9% |
| Industrials | 12.3% | 892.5 | 76.6 | 13.42 | 15.19 | 0.01% | 1.7% |
| Consumer Cyclical | 8.4% | 33.3 | 36.9 | 5.06 | 6.99 | 0.00% | 21.0% |
| Healthcare | 2.8% | 32.7 | 33.0 | 11.11 | 21.63 | 0.00% | 66.1% |
| Real Estate | 0.8% | 105.3 | 78.1 | 13.26 | 3.57 | 1.45% | 3.4% |
BCTK 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 BCTK weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
BCTK largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 8.44% | 27.1 | 24.9 | 17.1 | 0.47% | 16.10% |
| SPCX | Space Exploration Technologies Corp. | 6.68% | — | 200.0 | 83.5 | — | −1.52% |
| SPOT | Spotify Technology S.A | 6.46% | 30.5 | 28.6 | 6.0 | — | 10.93% |
| TSM | Taiwan Semiconductor Manufacturing Company Limited | 5.92% | 26.7 | 21.4 | 0.4 | 0.91% | 11.44% |
| GOOG | Alphabet Inc. | 5.56% | 16.9 | 21.8 | 9.2 | 0.26% | 16.99% |
| LRCX | Lam Research Corporation | 5.31% | 45.8 | 33.7 | 14.2 | 0.50% | 5.99% |
| AMZN | Amazon.com, Inc. | 4.84% | 20.1 | 23.6 | 3.5 | — | 12.44% |
| MU | Micron Technology, Inc. | 4.75% | 11.8 | 7.0 | 7.5 | 0.07% | 20.74% |
| SHOP | Shopify Inc. | 4.15% | 114.5 | 58.8 | 16.6 | — | 1.87% |
| AMD | Advanced Micro Devices, Inc. | 4.14% | 134.9 | 39.5 | 20.9 | — | 1.58% |
| META | Meta Platforms, Inc. | 3.74% | 26.7 | 22.1 | 7.9 | 0.30% | 7.22% |
| TSLA | Tesla, Inc. | 3.53% | 328.4 | 158.7 | 13.5 | — | 0.56% |
| AVGO | Broadcom Inc. | 2.95% | 43.3 | 19.4 | 17.6 | 0.79% | 3.51% |
| HNGE | Hinge Health, Inc. | 2.79% | 32.7 | 33.0 | 11.1 | — | 4.40% |
| IOT | Samsara Inc. | 2.50% | 282.6 | 52.4 | 12.5 | — | 0.46% |
| RBRK | Rubrik, Inc. | 2.22% | — | 625.0 | 15.0 | — | −1.01% |
| ASML | ASML Holding N.V. | 1.94% | 40.4 | 28.9 | 16.0 | 0.55% | 2.48% |
| LITE | Lumentum Holdings Inc. | 1.82% | — | 42.9 | 24.8 | — | −10.57% |
| MPWR | Monolithic Power Systems, Inc. | 1.78% | 73.7 | 38.8 | 18.2 | 0.66% | 1.25% |
| BE | Bloom Energy Corporation | 1.72% | 291.2 | 57.1 | 20.9 | — | 0.31% |
| CRWD | CrowdStrike Holdings, Inc. | 1.68% | — | 208.3 | 43.1 | — | 0.02% |
| COHR | Coherent, Inc. | 1.65% | 56.5 | 30.5 | 6.4 | — | 1.51% |
| AXON | Axon Enterprise, Inc. | 1.64% | 161.9 | 58.1 | 9.8 | — | 0.52% |
| INTC | Intel Corporation | 1.64% | — | 63.3 | 8.3 | — | −1.99% |
| ANET | Arista Networks, Inc. | 1.47% | 55.8 | 39.2 | 21.2 | — | 1.36% |
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 BCTK valuation
Adding up its 34 holdings with company data, BCTK trades at 50.6 times trailing earnings and 29.4 times analysts' forward estimates, with a price-to-book ratio of 11.87 and a dividend yield of 0.21%. Its earnings yield of 1.97% is 3.35 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 56.3% of the fund and earn 96.6% of its combined profit. By sector, Industrials is the most expensive at 892.5 times earnings and Communication Services the cheapest at 23.1. Companies that lost money over the past year are 14.8% 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 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: BCTK chart, BCTK holdings, BCTK dividends.
BCTK valuation FAQ
What is the P/E ratio of BCTK?
Based on its holdings, BCTK has a trailing P/E of 50.6 and a forward P/E of 29.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of BCTK?
The trailing earnings yield is 1.97% (1 ÷ P/E) and the forward earnings yield 3.40%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is BCTK more expensive than the S&P 500?
BCTK trades at 50.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 29.4 and 19.9.
What is the price-to-book ratio of BCTK?
The holdings of BCTK trade at 11.87 times book value, with a combined return on equity of 23.4%.
Which sector in BCTK has the highest P/E?
Industrials has the highest P/E at 892.5 and Communication Services the lowest at 23.1.