Brendan Wood TopGun ETF (BWTG) Valuation
BWTG valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 27.0 trailing earnings
- Forward P/E
- 25.2 analyst estimates
- Price / sales
- 6.54
- Price / book
- 5.15
- EV / EBITDA
- 19.7
- Earnings yield
- 3.70% inverse of P/E
- Dividend yield
- 1.35% of the holdings
- Return on equity
- 19.1% combined
- Net margin
- 24.2% combined
- Beta
- 1.03 weighted, vs S&P 500
BWTG valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| BWTG | 27.0 | 25.2 | 6.54 | 5.15 | 1.35% | 19.1% | 24.2% | 0.0% |
| 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.
BWTG valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Energy | 16.4% | 28.3 | 24.7 | 4.82 | 9.92 | 2.28% | 35.1% |
| Technology | 15.2% | 41.6 | 35.0 | 18.05 | 16.81 | 0.40% | 40.4% |
| Real Estate | 14.3% | 51.9 | 47.5 | 11.81 | 3.55 | 2.22% | 6.8% |
| Financial Services | 13.4% | 13.5 | 13.1 | 2.76 | 2.18 | 1.86% | 16.2% |
| Industrials | 13.2% | 34.9 | 27.8 | 6.25 | 6.31 | 0.71% | 18.1% |
| Communication Services | 6.1% | 16.9 | 21.8 | 9.24 | 6.58 | 0.26% | 38.9% |
| Utilities | 5.3% | 17.9 | 17.7 | 5.80 | 2.81 | 3.12% | 15.7% |
| Healthcare | 4.5% | 42.2 | 24.4 | 14.07 | 30.28 | 0.55% | 71.8% |
| Consumer Cyclical | 4.2% | 20.1 | 23.6 | 3.48 | 4.87 | 0.00% | 24.2% |
BWTG 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 BWTG weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
BWTG largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| IVV | iShares Trust - iShares Core S&P 500 ETF | 7.41% | — | — | — | — | — |
| GOOG | Alphabet Inc. | 6.13% | 16.9 | 21.8 | 9.2 | 0.26% | 12.60% |
| TRGP | Targa Resources Corp. | 5.94% | 28.2 | 23.2 | 3.8 | 1.70% | 7.32% |
| WELL | Welltower Inc. | 5.89% | 105.3 | 78.1 | 13.3 | 1.45% | 1.94% |
| NVDA | NVIDIA Corporation | 5.37% | 27.1 | 24.9 | 17.1 | 0.47% | 6.88% |
| CVE | Cenovus Energy Inc | 5.27% | — | — | — | — | — |
| NEE | NextEra Energy, Inc. | 5.25% | 17.9 | 17.7 | 5.8 | 3.12% | 10.17% |
| WMB | The Williams Companies, Inc. | 5.15% | 28.4 | 26.8 | 7.1 | 2.95% | 6.30% |
| CRWD | CrowdStrike Holdings, Inc. | 4.95% | — | 208.3 | 43.1 | — | 0.05% |
| MSFT | Microsoft Corporation | 4.89% | 29.5 | 25.1 | 11.8 | 0.74% | 5.77% |
| RY | Royal Bank of Canada | 4.88% | — | — | — | — | — |
| PH | Parker-Hannifin Corporation | 4.87% | 33.8 | 27.5 | 5.7 | 0.83% | 5.00% |
| LLY | Eli Lilly and Company | 4.50% | 42.2 | 24.4 | 14.1 | 0.55% | 3.71% |
| CP | Canadian Pacific Railway Ltd | 4.49% | — | — | — | — | — |
| MS | Morgan Stanley | 4.35% | 14.3 | 14.9 | 3.6 | 2.55% | 10.54% |
| PLD | Prologis, Inc. | 4.26% | 27.7 | 29.2 | 12.4 | 3.40% | 5.34% |
| AMZN | Amazon.com, Inc. | 4.17% | 20.1 | 23.6 | 3.5 | — | 7.20% |
| CB | Chubb Limited | 4.14% | 12.7 | 11.6 | 2.2 | 1.13% | 11.29% |
| EQIX | Equinix, Inc. | 4.11% | 63.4 | 52.1 | 9.8 | 2.09% | 2.25% |
| AME | AMETEK, Inc. | 3.83% | 36.3 | 28.2 | 7.2 | 0.55% | 3.66% |
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 BWTG valuation
Adding up its 16 holdings with company data, BWTG trades at 27.0 times trailing earnings and 25.2 times analysts' forward estimates, with a price-to-book ratio of 5.15 and a dividend yield of 1.35%. Its earnings yield of 3.70% is 1.63 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 59.7% of its combined profit. By sector, Real Estate is the most expensive at 51.9 times earnings and Financial Services the cheapest at 13.5. Companies that lost money over the past year are 0.0% 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 77.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: BWTG chart, BWTG performance, BWTG holdings, BWTG dividends.
BWTG valuation FAQ
What is the P/E ratio of BWTG?
Based on its holdings, BWTG has a trailing P/E of 27.0 and a forward P/E of 25.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of BWTG?
The trailing earnings yield is 3.70% (1 ÷ P/E) and the forward earnings yield 3.96%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is BWTG more expensive than the S&P 500?
BWTG trades at 27.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 25.2 and 19.9.
What is the price-to-book ratio of BWTG?
The holdings of BWTG trade at 5.15 times book value, with a combined return on equity of 19.1%.
Which sector in BWTG has the highest P/E?
Real Estate has the highest P/E at 51.9 and Financial Services the lowest at 13.5.