Global X Cloud Computing (CLOU) Valuation
CLOU valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 69.7 trailing earnings
- Forward P/E
- 23.7 analyst estimates
- Price / sales
- 4.09
- Price / book
- 7.83
- EV / EBITDA
- 27.5
- Earnings yield
- 1.43% inverse of P/E
- Dividend yield
- 0.16% of the holdings
- Return on equity
- 11.2% combined
- Net margin
- 5.9% combined
- Beta
- 1.12 weighted, vs S&P 500
CLOU valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| CLOU | 69.7 | 23.7 | 4.09 | 7.83 | 0.16% | 11.2% | 5.9% | 26.0% |
| 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.
CLOU valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 92.6% | 75.0 | 23.3 | 4.14 | 8.44 | 0.10% | 11.3% |
| Real Estate | 2.4% | 85.4 | 66.2 | 9.84 | 2.52 | 2.77% | 3.0% |
| Consumer Cyclical | 1.5% | 20.8 | 22.7 | 1.33 | 3.96 | 0.12% | 19.1% |
CLOU 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 CLOU weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
CLOU largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| SNOW | Snowflake Inc. | 6.38% | — | 169.5 | 19.9 | — | −4.73% |
| PAYC | Paycom Software, Inc. | 5.73% | 26.6 | 16.7 | 5.3 | 0.60% | 15.40% |
| DDOG | Datadog, Inc. | 5.25% | 494.2 | 84.7 | 22.4 | — | 0.76% |
| ZS | Zscaler, Inc. | 5.08% | — | 43.9 | 10.1 | — | −0.68% |
| NOW | ServiceNow, Inc. | 4.97% | 88.7 | 27.8 | 10.0 | — | 4.01% |
| WDAY | Workday, Inc. | 4.73% | 38.9 | 17.7 | 4.5 | — | 8.72% |
| TWLO | Twilio Inc | 4.69% | 33.8 | 43.7 | 6.7 | — | 9.94% |
| QLYS | Qualys, Inc. | 4.37% | 31.4 | 21.9 | 9.1 | — | 9.98% |
| NET | Cloudflare, Inc. | 4.22% | — | 178.6 | 42.0 | — | −0.54% |
| CRM | Salesforce, Inc. | 4.09% | 22.0 | 14.0 | 4.5 | 0.73% | 13.31% |
| SHOP | Shopify Inc. | 3.90% | 114.5 | 58.8 | 16.6 | — | 2.44% |
| DBX | Dropbox, Inc. | 3.71% | 19.7 | 10.8 | 3.1 | — | 13.53% |
| BOX | Box, Inc. | 3.63% | 57.3 | 17.6 | 4.4 | — | 4.53% |
| HUBS | HubSpot, Inc. | 3.19% | 82.5 | 13.9 | 3.4 | — | 2.77% |
| PCOR | Procore Technologies, Inc. | 2.96% | — | 19.5 | 6.1 | — | −0.97% |
| ZM | Zoom Video Communications, Inc. | 2.74% | 8.7 | 15.1 | 5.5 | — | 22.47% |
| DOCN | DigitalOcean Holdings, Inc. | 2.68% | 45.5 | 76.3 | 11.5 | — | 4.23% |
| WK | Workiva Inc. | 2.58% | 89.7 | — | 4.2 | — | 2.06% |
| WIX | Wix.com Ltd. | 2.55% | — | 11.9 | 2.0 | — | −8.35% |
| DLR | Digital Realty Trust, Inc. | 2.41% | 85.4 | 66.2 | 9.8 | 2.77% | 2.02% |
| AKAM | Akamai Technologies, Inc. | 2.37% | 31.8 | 15.0 | 2.9 | — | 5.34% |
| FRSH | Freshworks Inc. | 2.14% | 21.8 | 15.7 | 4.0 | — | 7.01% |
| FSLY | Fastly, Inc. | 2.03% | — | 47.4 | 5.2 | — | −3.43% |
| SINCH | Sinch AB | 2.00% | — | — | — | — | — |
| SPSC | SPS Commerce, Inc. | 1.89% | 41.2 | 68.0 | 4.0 | — | 3.28% |
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 CLOU valuation
Adding up its 36 holdings with company data, CLOU trades at 69.7 times trailing earnings and 23.7 times analysts' forward estimates, with a price-to-book ratio of 7.83 and a dividend yield of 0.16%. Its earnings yield of 1.43% is 3.89 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 49.5% of the fund and earn 56.2% of its combined profit. By sector, Real Estate is the most expensive at 85.4 times earnings and Consumer Cyclical the cheapest at 20.8. Companies that lost money over the past year are 26.0% 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 97.7% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: CLOU chart, CLOU performance, CLOU holdings.
CLOU valuation FAQ
What is the P/E ratio of CLOU?
Based on its holdings, CLOU has a trailing P/E of 69.7 and a forward P/E of 23.7 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of CLOU?
The trailing earnings yield is 1.43% (1 ÷ P/E) and the forward earnings yield 4.22%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is CLOU more expensive than the S&P 500?
CLOU trades at 69.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 23.7 and 19.9.
What is the price-to-book ratio of CLOU?
The holdings of CLOU trade at 7.83 times book value, with a combined return on equity of 11.2%.
Which sector in CLOU has the highest P/E?
Real Estate has the highest P/E at 85.4 and Consumer Cyclical the lowest at 20.8.