Roundhill Generative AI & Technology ETF (CHAT) Valuation
CHAT valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 50.6 trailing earnings
- Forward P/E
- 26.9 analyst estimates
- Price / sales
- 4.14
- Price / book
- 9.68
- EV / EBITDA
- 27.5
- Earnings yield
- 1.98% inverse of P/E
- Dividend yield
- 0.23% of the holdings
- Return on equity
- 19.1% combined
- Net margin
- 8.2% combined
- Beta
- 1.78 weighted, vs S&P 500
CHAT valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| CHAT | 50.6 | 26.9 | 4.14 | 9.68 | 0.23% | 19.1% | 8.2% | 19.4% |
| 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.
CHAT valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 78.5% | 79.2 | 28.5 | 7.99 | 13.33 | 0.21% | 16.8% |
| Communication Services | 11.2% | 20.2 | 22.5 | 8.68 | 7.05 | 0.28% | 34.9% |
| Consumer Cyclical | 6.0% | 22.1 | 21.1 | 0.62 | 2.94 | 0.36% | 13.3% |
| Industrials | 3.2% | 46.7 | 27.8 | 6.92 | 20.13 | 0.12% | 43.1% |
CHAT 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 CHAT weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
CHAT largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 7.38% | 27.1 | 24.9 | 17.1 | 0.47% | 18.18% |
| GOOGL | Alphabet Inc. | 5.16% | 17.1 | 22.8 | 9.3 | 0.26% | 20.13% |
| MSFT | Microsoft Corporation | 4.98% | 29.5 | 25.1 | 11.8 | 0.74% | 11.28% |
| MU | Micron Technology, Inc. | 3.86% | 11.8 | 7.0 | 7.5 | 0.07% | 21.76% |
| META | Meta Platforms, Inc. | 3.80% | 26.7 | 22.1 | 7.9 | 0.30% | 9.47% |
| AMZN | Amazon.com, Inc. | 3.74% | 20.1 | 23.6 | 3.5 | — | 12.42% |
| AMD | Advanced Micro Devices, Inc. | 3.57% | 134.9 | 39.5 | 20.9 | — | 1.77% |
| CRWD | CrowdStrike Holdings, Inc. | 3.39% | — | 208.3 | 43.1 | — | 0.06% |
| 000660 | SK Hynix Inc | 3.35% | — | — | — | — | — |
| NET | Cloudflare, Inc. | 3.19% | — | 178.6 | 42.0 | — | −0.38% |
| LITE | Lumentum Holdings Inc. | 3.15% | — | 42.9 | 24.8 | — | −23.74% |
| ARM | Arm Holdings plc | 3.10% | 234.8 | 151.5 | 47.2 | — | 0.88% |
| ASML | ASML Holding N.V. | 3.05% | 40.4 | 28.9 | 16.0 | 0.55% | 5.04% |
| AVGO | Broadcom Inc. | 2.72% | 43.3 | 19.4 | 17.6 | 0.79% | 4.18% |
| 2330 | Taiwan Semiconductor Manufacturing Co. Ltd. | 2.68% | — | — | — | — | — |
| ALAB | Astera Labs, Inc. | 2.66% | 140.8 | 55.6 | 41.3 | — | 1.26% |
| SSNLF | Samsung Electronics Co Ltd | 2.53% | — | — | — | — | — |
| YNDX | Yandex NV | 2.23% | — | — | — | — | — |
| BABA | Alibaba Group Holding Limited | 2.23% | 26.4 | 17.9 | 0.3 | 0.96% | 5.62% |
| SNOW | Snowflake Inc. | 2.19% | — | 169.5 | 19.9 | — | −1.51% |
| INTC | Intel Corporation | 2.13% | — | 63.3 | 8.3 | — | −3.35% |
| 6981 | Murata Mfg Co | 2.01% | — | — | — | — | — |
| 6857 | Advantest Corp. | 2.01% | — | — | — | — | — |
| ANET | Arista Networks, Inc. | 1.93% | 55.8 | 39.2 | 21.2 | — | 2.30% |
| COHR | Coherent, Inc. | 1.91% | 56.5 | 30.5 | 6.4 | — | 2.26% |
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 CHAT valuation
Adding up its 27 holdings with company data, CHAT trades at 50.6 times trailing earnings and 26.9 times analysts' forward estimates, with a price-to-book ratio of 9.68 and a dividend yield of 0.23%. Its earnings yield of 1.98% is 3.35 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 42.4% of the fund and earn 71.0% of its combined profit. By sector, Technology is the most expensive at 79.2 times earnings and Communication Services the cheapest at 20.2. Companies that lost money over the past year are 19.4% 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 75.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: CHAT chart, CHAT performance, CHAT holdings, CHAT dividends.
CHAT valuation FAQ
What is the P/E ratio of CHAT?
Based on its holdings, CHAT has a trailing P/E of 50.6 and a forward P/E of 26.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of CHAT?
The trailing earnings yield is 1.98% (1 ÷ P/E) and the forward earnings yield 3.72%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is CHAT more expensive than the S&P 500?
CHAT trades at 50.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 26.9 and 19.9.
What is the price-to-book ratio of CHAT?
The holdings of CHAT trade at 9.68 times book value, with a combined return on equity of 19.1%.
Which sector in CHAT has the highest P/E?
Technology has the highest P/E at 79.2 and Communication Services the lowest at 20.2.