BlackRock Future Financial and Technology ETF (BPAY) Valuation
BPAY valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 21.2 trailing earnings
- Forward P/E
- 11.2 analyst estimates
- Price / sales
- 1.01
- Price / book
- 2.29
- EV / EBITDA
- 8.6
- Earnings yield
- 4.71% inverse of P/E
- Dividend yield
- 0.79% of the holdings
- Return on equity
- 10.8% combined
- Net margin
- 4.8% combined
- Beta
- 1.82 weighted, vs S&P 500
BPAY valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| BPAY | 21.2 | 11.2 | 1.01 | 2.29 | 0.79% | 10.8% | 4.8% | 11.2% |
| 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.
BPAY valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 48.3% | 22.5 | 15.1 | 0.95 | 2.88 | 0.58% | 12.8% |
| Technology | 40.8% | 17.6 | 9.1 | 0.92 | 1.97 | 1.07% | 11.2% |
| Industrials | 6.2% | 35.8 | 6.7 | 2.74 | 1.35 | 1.16% | 3.8% |
| Consumer Cyclical | 3.4% | 36.2 | 25.8 | 2.07 | 4.90 | 0.00% | 13.5% |
BPAY 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 BPAY weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
BPAY largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| CHYM | Chime Financial, Inc. | 4.69% | 33.7 | 20.6 | 4.6 | — | 3.93% |
| COF | Capital One Financial Corporation | 4.51% | 13.0 | 8.5 | 2.6 | 1.59% | 9.84% |
| GPN | Global Payments Inc. | 4.40% | 39.3 | 5.3 | 2.2 | 1.20% | 3.17% |
| XYZ | Block, Inc | 4.21% | 139.1 | 14.5 | 1.9 | — | 0.86% |
| KSPI | Kaspi Bank Joint Stock Company | 4.18% | — | — | — | — | — |
| HOOD | Robinhood Markets, Inc. | 4.06% | 43.6 | 45.0 | 18.0 | — | 2.63% |
| FIS | Fidelity National Information Services, Inc. | 3.86% | 5.5 | 5.1 | 1.5 | 4.89% | 19.75% |
| V | Visa Inc. | 3.40% | 34.3 | 24.0 | 17.0 | 0.67% | 2.80% |
| SE | Sea Limited | 3.36% | 36.2 | 25.8 | 2.1 | — | 2.63% |
| MA | Mastercard Incorporated | 3.32% | 34.0 | 24.2 | 15.4 | 0.56% | 2.76% |
| WLTH | Wealthfront Corporation | 3.12% | — | 14.9 | 4.5 | — | −7.88% |
| NEXI | Nexi S.p.A | 3.11% | — | — | — | — | — |
| SCHW | The Charles Schwab Corporation | 2.81% | 15.7 | 12.9 | 5.9 | 1.39% | 5.05% |
| ETOR | eToro Group Ltd. | 2.74% | 9.0 | 7.7 | 0.2 | — | 8.62% |
| FOUR | Shift4 Payments, Inc. | 2.74% | 62.6 | 6.4 | 0.7 | — | 1.24% |
| TBCG | TBC Bank Group PLC | 2.71% | — | — | — | — | — |
| KLAR | Klarna Group plc | 2.70% | — | 15.0 | 1.2 | — | −2.11% |
| LC | LendingClub Corp | 2.49% | — | — | — | — | — |
| DAVE | Dave Inc. | 2.40% | 23.7 | 16.9 | 7.3 | — | 2.86% |
| SEZL | Sezzle Inc. | 2.26% | 28.0 | 17.1 | 8.1 | — | 2.29% |
| AXP | American Express Company | 2.26% | 19.0 | 15.1 | 3.0 | 1.21% | 3.36% |
| CABP | CAB Payments Holdings Ltd | 2.05% | — | — | — | — | — |
| N5G | Rakuten Bank, Ltd. | 1.95% | — | — | — | — | — |
| PGY | Pagaya Technologies Ltd. | 1.94% | 12.5 | 4.4 | 1.0 | — | 4.38% |
| ZIP | ZIP Co Ltd | 1.92% | — | — | — | — | — |
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 BPAY valuation
Adding up its 30 holdings with company data, BPAY trades at 21.2 times trailing earnings and 11.2 times analysts' forward estimates, with a price-to-book ratio of 2.29 and a dividend yield of 0.79%. Its earnings yield of 4.71% is 0.61 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 40.0% of the fund and earn 40.5% of its combined profit. By sector, Consumer Cyclical is the most expensive at 36.2 times earnings and Technology the cheapest at 17.6. Companies that lost money over the past year are 11.2% 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 76.1% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: BPAY chart, BPAY performance, BPAY holdings, BPAY dividends.
BPAY valuation FAQ
What is the P/E ratio of BPAY?
Based on its holdings, BPAY has a trailing P/E of 21.2 and a forward P/E of 11.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of BPAY?
The trailing earnings yield is 4.71% (1 ÷ P/E) and the forward earnings yield 8.90%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is BPAY more expensive than the S&P 500?
BPAY trades at 21.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 11.2 and 19.9.
What is the price-to-book ratio of BPAY?
The holdings of BPAY trade at 2.29 times book value, with a combined return on equity of 10.8%.
Which sector in BPAY has the highest P/E?
Consumer Cyclical has the highest P/E at 36.2 and Technology the lowest at 17.6.