First Trust Nasdaq BuyWrite Income ETF (FTQI) Valuation

NASDAQ: FTQIP/E, earnings yield and other ratios of the holdings combined.

FTQI valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 38.1
Forward P/E: 22.4
Price / sales: 4.42
Price / book: 7.28
EV / EBITDA: 20.4
Earnings yield: 2.62%
Dividend yield: 0.65%
Return on equity: 19.1%
Net margin: 11.6%
Beta: 1.32

FTQI valuation vs other stock ETFs

P/E (TTM)Forward P/E

FTQI valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
FTQI	38.1	22.4	4.42	7.28	0.65%	19.1%	11.6%	6.3%
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.

FTQI valuation by sector

P/E (TTM)Forward P/E

FTQI valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	47.7%	39.6	24.6	7.88	12.67	0.39%	32.0%
Consumer Cyclical	11.3%	n/m	25.3	2.50	6.25	0.34%	−1.1%
Healthcare	9.1%	66.1	20.7	6.66	8.75	1.06%	13.2%
Communication Services	8.4%	21.4	21.4	6.82	6.89	0.24%	32.1%
Financial Services	5.6%	16.2	15.3	2.22	2.46	1.65%	15.2%
Industrials	4.1%	32.7	27.9	3.53	7.45	0.67%	22.8%
Energy	2.6%	18.2	10.8	1.14	2.47	3.04%	13.6%
Consumer Defensive	2.6%	34.1	27.6	1.61	8.67	0.68%	25.4%
Utilities	1.2%	32.2	14.6	3.63	2.51	2.31%	7.8%
Real Estate	1.0%	65.9	34.4	5.52	3.19	1.83%	4.8%
Basic Materials	1.0%	34.0	16.6	3.21	3.28	1.68%	9.7%

FTQI earnings yield vs bond yields

FTQI earnings yield (forward)

4.47%

FTQI earnings yield (trailing)

2.62%

FTQI dividend yield

0.65%

Bond market yield (AGG)

5.33%

T-bill yield (BIL)

3.91%

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 FTQI weight splits by P/E

Share of the covered weight in companies with a trailing P/E in each range.

FTQI largest holdings: valuation

FTQI largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
AAPL	Apple Inc.	8.95%	39.4	35.2	10.7	0.31%	9.21%
NVDA	NVIDIA Corporation	6.19%	27.1	24.9	17.1	0.47%	9.26%
AMD	Advanced Micro Devices, Inc.	4.95%	134.9	39.5	20.9	—	1.49%
AMZN	Amazon.com, Inc.	4.46%	20.1	23.6	3.5	—	8.98%
CSCO	Cisco Systems, Inc.	2.98%	32.2	19.8	6.7	1.56%	3.74%
META	Meta Platforms, Inc.	2.95%	26.7	22.1	7.9	0.30%	4.47%
TSLA	Tesla, Inc.	2.79%	328.4	158.7	13.5	—	0.34%
PLTR	Palantir Technologies Inc.	2.72%	160.4	85.5	72.6	—	0.69%
MU	Micron Technology, Inc.	2.11%	11.8	7.0	7.5	0.07%	7.22%
GOOG	Alphabet Inc.	1.98%	16.9	21.8	9.2	0.26%	4.75%
GOOGL	Alphabet Inc.	1.95%	17.1	22.8	9.3	0.26%	4.62%
STX	Seagate Technology Holdings plc	1.65%	46.0	25.7	11.9	0.46%	1.46%
AVGO	Broadcom Inc.	1.57%	43.3	19.4	17.6	0.79%	1.46%
MSFT	Microsoft Corporation	1.52%	29.5	25.1	11.8	0.74%	2.09%
COST	Costco Wholesale Corporation	1.43%	47.6	40.3	1.4	0.59%	1.22%
ABBV	AbbVie Inc.	1.41%	80.6	16.4	7.8	2.42%	0.71%
PANW	Palo Alto Networks, Inc.	1.40%	855.0	94.3	24.4	—	0.07%
GILD	Gilead Sciences, Inc.	1.33%	—	15.6	6.4	2.10%	−0.91%
NFLX	Netflix, Inc.	1.19%	22.2	18.7	6.1	—	2.16%
KLAC	KLA Corporation	1.13%	45.3	34.8	15.9	0.56%	1.01%
LRCX	Lam Research Corporation	1.11%	45.8	33.7	14.2	0.50%	0.98%
CME	CME Group Inc.	1.07%	24.9	21.9	15.6	1.77%	1.74%
AMAT	Applied Materials, Inc.	1.03%	35.3	23.4	10.5	0.52%	1.18%
EBAY	eBay Inc.	0.97%	25.3	16.6	4.5	1.03%	1.56%
AMGN	Amgen Inc.	0.97%	26.9	16.7	6.1	2.33%	1.46%

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 FTQI valuation

Adding up its 169 holdings with company data, FTQI trades at 38.1 times trailing earnings and 22.4 times analysts' forward estimates, with a price-to-book ratio of 7.28 and a dividend yield of 0.65%. Its earnings yield of 2.62% is 2.70 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 40.1% of the fund and earn 50.1% of its combined profit. By sector, Healthcare is the most expensive at 66.1 times earnings and Financial Services the cheapest at 16.2. Companies that lost money over the past year are 6.3% 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 99.2% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

FTQI valuation FAQ

What is the P/E ratio of FTQI?

Based on its holdings, FTQI has a trailing P/E of 38.1 and a forward P/E of 22.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of FTQI?

The trailing earnings yield is 2.62% (1 ÷ P/E) and the forward earnings yield 4.47%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is FTQI more expensive than the S&P 500?

FTQI trades at 38.1 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 22.4 and 19.9.

What is the price-to-book ratio of FTQI?

The holdings of FTQI trade at 7.28 times book value, with a combined return on equity of 19.1%.

Which sector in FTQI has the highest P/E?

Healthcare has the highest P/E at 66.1 and Financial Services the lowest at 16.2.