JPMorgan U.S. Tech Leaders ETF (JTEK) Valuation
JTEK valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 72.6 trailing earnings
- Forward P/E
- 29.9 analyst estimates
- Price / sales
- 7.63
- Price / book
- 9.98
- EV / EBITDA
- 34.1
- Earnings yield
- 1.38% inverse of P/E
- Dividend yield
- 0.23% of the holdings
- Return on equity
- 13.8% combined
- Net margin
- 10.5% combined
- Beta
- 1.59 weighted, vs S&P 500
JTEK valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| JTEK | 72.6 | 29.9 | 7.63 | 9.98 | 0.23% | 13.8% | 10.5% | 20.2% |
| 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.
JTEK valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 72.3% | 61.3 | 29.0 | 7.66 | 10.38 | 0.27% | 16.9% |
| Communication Services | 9.4% | 35.5 | 23.6 | 7.29 | 7.86 | 0.19% | 22.1% |
| Consumer Cyclical | 5.2% | n/m | 66.9 | 6.02 | 8.24 | 0.00% | −25.1% |
| Healthcare | 5.1% | n/m | 44.7 | 8.17 | 10.41 | 0.00% | −0.4% |
| Financial Services | 3.3% | 83.4 | 33.5 | 8.63 | 8.73 | 0.00% | 10.5% |
| Industrials | 2.5% | 124.8 | 54.8 | 11.91 | 17.63 | 0.46% | 14.1% |
JTEK 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 JTEK weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
JTEK largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 4.30% | 27.1 | 24.9 | 17.1 | 0.47% | 11.85% |
| META | Meta Platforms, Inc. | 4.00% | 26.7 | 22.1 | 7.9 | 0.30% | 11.16% |
| CRWD | CrowdStrike Holdings, Inc. | 3.52% | — | 208.3 | 43.1 | — | 0.07% |
| PANW | Palo Alto Networks, Inc. | 3.47% | 855.0 | 94.3 | 24.4 | — | 0.30% |
| CRM | Salesforce, Inc. | 3.38% | 22.0 | 14.0 | 4.5 | 0.73% | 11.45% |
| AVGO | Broadcom Inc. | 3.22% | 43.3 | 19.4 | 17.6 | 0.79% | 5.55% |
| TSLA | Tesla, Inc. | 3.12% | 328.4 | 158.7 | 13.5 | — | 0.71% |
| SHOP | Shopify Inc. | 3.07% | 114.5 | 58.8 | 16.6 | — | 2.00% |
| TTWO | Take-Two Interactive Software, Inc. | 3.03% | — | 28.2 | 5.7 | — | −1.91% |
| AMD | Advanced Micro Devices, Inc. | 2.99% | 134.9 | 39.5 | 20.9 | — | 1.66% |
| SNOW | Snowflake Inc. | 2.99% | — | 169.5 | 19.9 | — | −2.31% |
| NET | Cloudflare, Inc. | 2.85% | — | 178.6 | 42.0 | — | −0.38% |
| MSFT | Microsoft Corporation | 2.84% | 29.5 | 25.1 | 11.8 | 0.74% | 7.20% |
| GOOG | Alphabet Inc. | 2.39% | 16.9 | 21.8 | 9.2 | 0.26% | 10.55% |
| HUBS | HubSpot, Inc. | 2.26% | 82.5 | 13.9 | 3.4 | — | 2.05% |
| TWLO | Twilio Inc | 2.24% | 33.8 | 43.7 | 6.7 | — | 4.94% |
| NOW | ServiceNow, Inc. | 2.23% | 88.7 | 27.8 | 10.0 | — | 1.88% |
| INTC | Intel Corporation | 2.20% | — | 63.3 | 8.3 | — | −3.87% |
| ASML | ASML Holding N.V. | 2.17% | 40.4 | 28.9 | 16.0 | 0.55% | 4.02% |
| LRCX | Lam Research Corporation | 2.02% | 45.8 | 33.7 | 14.2 | 0.50% | 3.29% |
| HOOD | Robinhood Markets, Inc. | 1.79% | 43.6 | 45.0 | 18.0 | — | 3.07% |
| ZM | Zoom Video Communications, Inc. | 1.74% | 8.7 | 15.1 | 5.5 | — | 14.84% |
| TEAM | Atlassian Corporation | 1.53% | — | 36.2 | 8.0 | — | −0.07% |
| TXN | Texas Instruments Incorporated | 1.50% | 42.1 | 27.5 | 13.0 | 2.20% | 2.66% |
| ADBE | Adobe Inc. | 1.49% | 13.7 | 8.7 | 3.7 | — | 8.14% |
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 JTEK valuation
Adding up its 68 holdings with company data, JTEK trades at 72.6 times trailing earnings and 29.9 times analysts' forward estimates, with a price-to-book ratio of 9.98 and a dividend yield of 0.23%. Its earnings yield of 1.38% is 3.95 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 34.1% of the fund and earn 42.8% of its combined profit. By sector, Industrials is the most expensive at 124.8 times earnings and Communication Services the cheapest at 35.5. Companies that lost money over the past year are 20.2% 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 99.5% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: JTEK chart, JTEK performance, JTEK holdings.
JTEK valuation FAQ
What is the P/E ratio of JTEK?
Based on its holdings, JTEK has a trailing P/E of 72.6 and a forward P/E of 29.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of JTEK?
The trailing earnings yield is 1.38% (1 ÷ P/E) and the forward earnings yield 3.34%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is JTEK more expensive than the S&P 500?
JTEK trades at 72.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 29.9 and 19.9.
What is the price-to-book ratio of JTEK?
The holdings of JTEK trade at 9.98 times book value, with a combined return on equity of 13.8%.
Which sector in JTEK has the highest P/E?
Industrials has the highest P/E at 124.8 and Communication Services the lowest at 35.5.