Global X AI Semiconductor & Quantum ETF (CHPX) Valuation
CHPX valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 31.6 trailing earnings
- Forward P/E
- 19.1 analyst estimates
- Price / sales
- 2.64
- Price / book
- 11.72
- EV / EBITDA
- 26.6
- Earnings yield
- 3.16% inverse of P/E
- Dividend yield
- 0.49% of the holdings
- Return on equity
- 37.1% combined
- Net margin
- 8.3% combined
- Beta
- 1.88 weighted, vs S&P 500
CHPX valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| CHPX | 31.6 | 19.1 | 2.64 | 11.72 | 0.49% | 37.1% | 8.3% | 4.9% |
| 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.
CHPX valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 96.4% | 31.4 | 19.0 | 2.61 | 11.63 | 0.50% | 37.0% |
| Industrials | 1.7% | 46.7 | 27.8 | 6.92 | 20.13 | 0.12% | 43.1% |
CHPX 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 CHPX weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
CHPX largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MU | Micron Technology, Inc. | 12.40% | 11.8 | 7.0 | 7.5 | 0.07% | 37.55% |
| TSM | Taiwan Semiconductor Manufacturing Company Limited | 10.87% | 26.7 | 21.4 | 0.4 | 0.91% | 14.56% |
| NVDA | NVIDIA Corporation | 10.21% | 27.1 | 24.9 | 17.1 | 0.47% | 13.51% |
| AVGO | Broadcom Inc. | 8.70% | 43.3 | 19.4 | 17.6 | 0.79% | 7.19% |
| AMD | Advanced Micro Devices, Inc. | 5.44% | 134.9 | 39.5 | 20.9 | — | 1.44% |
| MRVL | Marvell Technology, Inc. | 4.77% | 72.3 | 62.1 | 21.7 | 0.11% | 2.36% |
| ASML | ASML Holding N.V. | 4.71% | 40.4 | 28.9 | 16.0 | 0.55% | 4.18% |
| 2454 | MediaTek Inc | 4.48% | — | — | — | — | — |
| CSCO | Cisco Systems, Inc. | 4.40% | 32.2 | 19.8 | 6.7 | 1.56% | 4.88% |
| ANET | Arista Networks, Inc. | 4.20% | 55.8 | 39.2 | 21.2 | — | 2.70% |
| INTC | Intel Corporation | 3.58% | — | 63.3 | 8.3 | — | −3.02% |
| QCOM | QUALCOMM Incorporated | 3.50% | 19.9 | 19.6 | 4.2 | 2.14% | 6.29% |
| ARM | Arm Holdings plc | 3.38% | 234.8 | 151.5 | 47.2 | — | 0.52% |
| 000660 | SK Hynix Inc | 3.30% | — | — | — | — | — |
| CDNS | Cadence Design Systems, Inc. | 1.92% | 63.5 | 31.5 | 15.1 | — | 1.08% |
| SNPS | Synopsys, Inc. | 1.78% | 80.3 | 23.3 | 9.3 | — | 0.79% |
| VRT | Vertiv Holdings Co | 1.67% | 46.7 | 27.8 | 6.9 | 0.12% | 1.28% |
| HPE | Hewlett Packard Enterprise Company | 1.64% | 28.4 | 13.6 | 1.7 | 1.03% | 2.07% |
| MPWR | Monolithic Power Systems, Inc. | 1.30% | 73.7 | 38.8 | 18.2 | 0.66% | 0.63% |
| NTAP | NetApp, Inc. | 0.93% | 28.7 | 21.4 | 5.4 | 1.02% | 1.16% |
| ALAB | Astera Labs, Inc. | 0.88% | 140.8 | 55.6 | 41.3 | — | 0.22% |
| YNDX | Yandex NV | 0.81% | — | — | — | — | — |
| 2345 | Accton Technology Corp | 0.67% | — | — | — | — | — |
| CRDO | Credo Technology Group Holding Ltd | 0.67% | 60.2 | 30.9 | 20.0 | — | 0.40% |
| 2382 | Quanta Computer Inc | 0.60% | — | — | — | — | — |
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 CHPX valuation
Adding up its 28 holdings with company data, CHPX trades at 31.6 times trailing earnings and 19.1 times analysts' forward estimates, with a price-to-book ratio of 11.72 and a dividend yield of 0.49%. Its earnings yield of 3.16% is 2.16 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 70.2% of the fund and earn 85.3% of its combined profit. By sector, Industrials is the most expensive at 46.7 times earnings and Technology the cheapest at 31.4. Companies that lost money over the past year are 4.9% 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 89.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: CHPX chart, CHPX performance, CHPX holdings, CHPX dividends.
CHPX valuation FAQ
What is the P/E ratio of CHPX?
Based on its holdings, CHPX has a trailing P/E of 31.6 and a forward P/E of 19.1 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of CHPX?
The trailing earnings yield is 3.16% (1 ÷ P/E) and the forward earnings yield 5.22%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is CHPX more expensive than the S&P 500?
CHPX trades at 31.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.1 and 19.9.
What is the price-to-book ratio of CHPX?
The holdings of CHPX trade at 11.72 times book value, with a combined return on equity of 37.1%.
Which sector in CHPX has the highest P/E?
Industrials has the highest P/E at 46.7 and Technology the lowest at 31.4.