Global X FinTech ETF (FINX) Valuation
FINX valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 40.7 trailing earnings
- Forward P/E
- 13.1 analyst estimates
- Price / sales
- 0.82
- Price / book
- 2.44
- EV / EBITDA
- 12.1
- Earnings yield
- 2.46% inverse of P/E
- Dividend yield
- 0.62% of the holdings
- Return on equity
- 6.0% combined
- Net margin
- 2.0% combined
- Beta
- 2.01 weighted, vs S&P 500
FINX valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FINX | 40.7 | 13.1 | 0.82 | 2.44 | 0.62% | 6.0% | 2.0% | 15.4% |
| 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.
FINX valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 53.4% | 30.2 | 11.1 | 0.49 | 2.15 | 0.89% | 7.1% |
| Financial Services | 39.9% | 67.6 | 20.6 | 2.10 | 3.57 | 0.27% | 5.3% |
| Industrials | 4.5% | 39.3 | 5.3 | 2.17 | 0.97 | 1.20% | 2.5% |
| Healthcare | 1.6% | 33.2 | 19.7 | 5.59 | 3.76 | 0.00% | 11.3% |
FINX 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 FINX weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FINX largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| PYPL | PayPal Holdings, Inc. | 7.46% | 10.7 | 9.1 | 1.4 | 0.99% | 32.82% |
| XYZ | Block, Inc | 7.24% | 139.1 | 14.5 | 1.9 | — | 2.45% |
| HOOD | Robinhood Markets, Inc. | 7.12% | 43.6 | 45.0 | 18.0 | — | 7.71% |
| COIN | Coinbase Global, Inc. | 5.04% | — | 54.3 | 7.6 | — | −4.45% |
| GPN | Global Payments Inc. | 4.54% | 39.3 | 5.3 | 2.2 | 1.20% | 5.45% |
| INTU | Intuit Inc. | 4.54% | 19.8 | 12.7 | 4.1 | 1.70% | 10.83% |
| FISV | Fiserv, Inc. | 4.51% | 9.1 | 5.7 | 1.2 | — | 23.30% |
| ADYEN | Adyen NV | 4.35% | — | — | — | — | — |
| AFRM | Affirm Holdings, Inc. | 3.92% | 13.4 | 35.6 | 5.9 | — | 13.81% |
| SSNC | SS&C Technologies Holdings, Inc. | 3.72% | 24.2 | 10.6 | 3.0 | 1.43% | 7.24% |
| FIS | Fidelity National Information Services, Inc. | 3.50% | 5.5 | 5.1 | 1.5 | 4.89% | 29.80% |
| CRCL | Circle Internet Group, Inc. | 3.35% | 56.3 | 74.6 | 7.2 | — | 2.80% |
| SOFI | SoFi Technologies, Inc. | 3.27% | 29.7 | 20.7 | 4.4 | — | 5.20% |
| TOST | Toast, Inc. | 3.03% | 40.0 | 17.6 | 2.7 | — | 3.58% |
| GWRE | Guidewire Software, Inc. | 2.78% | 103.6 | 34.8 | 9.4 | — | 1.27% |
| JKHY | Jack Henry & Associates, Inc. | 2.15% | 21.9 | 20.2 | 4.2 | 1.59% | 4.61% |
| WISE | Wise plc | 2.01% | — | — | — | — | — |
| PAYP | PayPay Corporation American Depository Shares | 1.65% | 13.2 | 19.2 | 0.0 | — | 5.91% |
| HQY | HealthEquity, Inc. | 1.63% | 33.2 | 19.7 | 5.6 | — | 2.31% |
| XRO | Xero Ltd | 1.38% | — | — | — | — | — |
| HUT | Hut 8 Mining Corp. | 1.32% | — | 138.9 | 26.3 | — | −4.97% |
| TEMN | Temenos Group AG | 1.18% | — | — | — | — | — |
| NEXI | Nexi S.p.A | 1.03% | — | — | — | — | — |
| ACIW | ACI Worldwide, Inc. | 0.99% | 24.1 | 12.6 | 2.9 | — | 1.94% |
| RIOT | Riot Blockchain, Inc. | 0.92% | — | 20.9 | 7.6 | — | −12.32% |
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 FINX valuation
Adding up its 56 holdings with company data, FINX trades at 40.7 times trailing earnings and 13.1 times analysts' forward estimates, with a price-to-book ratio of 2.44 and a dividend yield of 0.62%. Its earnings yield of 2.46% is 2.87 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 52.4% of the fund and earn 129.0% of its combined profit. By sector, Financial Services is the most expensive at 67.6 times earnings and Technology the cheapest at 30.2. Companies that lost money over the past year are 15.4% 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 86.7% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FINX chart, FINX performance, FINX holdings, FINX dividends.
FINX valuation FAQ
What is the P/E ratio of FINX?
Based on its holdings, FINX has a trailing P/E of 40.7 and a forward P/E of 13.1 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FINX?
The trailing earnings yield is 2.46% (1 ÷ P/E) and the forward earnings yield 7.62%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FINX more expensive than the S&P 500?
FINX trades at 40.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 13.1 and 19.9.
What is the price-to-book ratio of FINX?
The holdings of FINX trade at 2.44 times book value, with a combined return on equity of 6.0%.
Which sector in FINX has the highest P/E?
Financial Services has the highest P/E at 67.6 and Technology the lowest at 30.2.