ProShares Nasdaq-100 High Income ETF (IQQQ) Valuation

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

IQQQ valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 34.4
Forward P/E: 23.4
Price / sales: 5.95
Price / book: 9.28
EV / EBITDA: 21.3
Earnings yield: 2.91%
Dividend yield: 0.58%
Return on equity: 27.0%
Net margin: 17.3%
Beta: 1.43

IQQQ valuation vs other stock ETFs

P/E (TTM)Forward P/E

IQQQ valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
IQQQ	34.4	23.4	5.95	9.28	0.58%	27.0%	17.3%	6.9%
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.

IQQQ valuation by sector

P/E (TTM)Forward P/E

IQQQ valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	49.2%	40.1	22.9	11.65	13.73	0.48%	34.2%
Communication Services	10.2%	18.8	19.0	5.20	5.64	0.58%	29.9%
Consumer Cyclical	9.3%	31.8	29.2	3.48	7.99	0.22%	25.1%
Consumer Defensive	5.5%	34.6	28.6	1.54	7.56	1.40%	21.8%
Industrials	4.5%	61.0	49.8	8.87	9.02	0.46%	14.8%
Healthcare	3.9%	53.4	19.4	7.00	8.47	0.99%	15.9%
Utilities	1.0%	21.7	17.2	2.75	2.10	2.33%	9.7%
Basic Materials	0.9%	32.2	23.6	6.48	5.48	1.28%	17.0%
Energy	0.4%	24.9	12.7	2.58	1.84	1.92%	7.4%
Financial Services	0.2%	10.7	9.1	1.43	2.27	0.99%	21.1%

IQQQ earnings yield vs bond yields

IQQQ earnings yield (forward)

4.28%

IQQQ earnings yield (trailing)

2.91%

IQQQ dividend yield

0.58%

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 IQQQ weight splits by P/E

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

IQQQ largest holdings: valuation

IQQQ largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
IQMM	Proshares Genius Money Market ETF	14.63%	—	—	—	—	—
NVDA	NVIDIA Corporation	6.82%	27.1	24.9	17.1	0.47%	10.25%
AAPL	Apple Inc.	6.76%	39.4	35.2	10.7	0.31%	6.98%
MSFT	Microsoft Corporation	5.32%	29.5	25.1	11.8	0.74%	7.34%
AMZN	Amazon.com, Inc.	3.71%	20.1	23.6	3.5	—	7.51%
MU	Micron Technology, Inc.	3.54%	11.8	7.0	7.5	0.07%	12.17%
AMD	Advanced Micro Devices, Inc.	3.22%	134.9	39.5	20.9	—	0.97%
META	Meta Platforms, Inc.	2.68%	26.7	22.1	7.9	0.30%	4.08%
TSLA	Tesla, Inc.	2.65%	328.4	158.7	13.5	—	0.33%
GOOGL	Alphabet Inc.	2.49%	17.1	22.8	9.3	0.26%	5.92%
GOOG	Alphabet Inc.	2.46%	16.9	21.8	9.2	0.26%	5.93%
SPCX	Space Exploration Technologies Corp.	2.25%	—	200.0	83.5	—	−0.40%
WMT	Walmart Inc.	2.14%	43.0	38.0	1.3	0.83%	2.02%
AVGO	Broadcom Inc.	2.05%	43.3	19.4	17.6	0.79%	1.92%
COST	Costco Wholesale Corporation	1.79%	47.6	40.3	1.4	0.59%	1.53%
PLTR	Palantir Technologies Inc.	1.79%	160.4	85.5	72.6	—	0.45%
INTC	Intel Corporation	1.70%	—	63.3	8.3	—	−1.64%
CSCO	Cisco Systems, Inc.	1.55%	32.2	19.8	6.7	1.56%	1.95%
AMAT	Applied Materials, Inc.	1.16%	35.3	23.4	10.5	0.52%	1.33%
PANW	Palo Alto Networks, Inc.	1.15%	855.0	94.3	24.4	—	0.05%
LRCX	Lam Research Corporation	1.11%	45.8	33.7	14.2	0.50%	0.99%
NFLX	Netflix, Inc.	1.02%	22.2	18.7	6.1	—	1.87%
CRWD	CrowdStrike Holdings, Inc.	0.95%	—	208.3	43.1	—	0.01%
TXN	Texas Instruments Incorporated	0.93%	42.1	27.5	13.0	2.20%	0.90%
AMGN	Amgen Inc.	0.91%	26.9	16.7	6.1	2.33%	1.38%

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 IQQQ valuation

Adding up its 96 holdings with company data, IQQQ trades at 34.4 times trailing earnings and 23.4 times analysts' forward estimates, with a price-to-book ratio of 9.28 and a dividend yield of 0.58%. Its earnings yield of 2.91% is 2.42 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 51.8% of the fund and earn 61.5% of its combined profit. By sector, Industrials is the most expensive at 61.0 times earnings and Financial Services the cheapest at 10.7. Companies that lost money over the past year are 6.9% 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 84.5% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

IQQQ valuation FAQ

What is the P/E ratio of IQQQ?

Based on its holdings, IQQQ has a trailing P/E of 34.4 and a forward P/E of 23.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of IQQQ?

The trailing earnings yield is 2.91% (1 ÷ P/E) and the forward earnings yield 4.28%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is IQQQ more expensive than the S&P 500?

IQQQ trades at 34.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 23.4 and 19.9.

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

The holdings of IQQQ trade at 9.28 times book value, with a combined return on equity of 27.0%.

Which sector in IQQQ has the highest P/E?

Industrials has the highest P/E at 61.0 and Financial Services the lowest at 10.7.