Global X Llm ETF (LLMA) Valuation
LLMA valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 32.1 trailing earnings
- Forward P/E
- 30.3 analyst estimates
- Price / sales
- 11.35
- Price / book
- 8.88
- EV / EBITDA
- 21.0
- Earnings yield
- 3.11% inverse of P/E
- Dividend yield
- 0.24% of the holdings
- Return on equity
- 27.7% combined
- Net margin
- 35.4% combined
- Beta
- 1.32 weighted, vs S&P 500
LLMA valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| LLMA | 32.1 | 30.3 | 11.35 | 8.88 | 0.24% | 27.7% | 35.4% | 27.4% |
| 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.
LLMA valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Communication Services | 38.3% | 21.4 | 22.4 | 8.49 | 7.10 | 0.28% | 33.1% |
| Industrials | 18.6% | n/m | 200.0 | 83.53 | 15.37 | 0.00% | −6.8% |
LLMA 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 LLMA weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
LLMA largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| META | Meta Platforms, Inc. | 20.48% | 26.7 | 22.1 | 7.9 | 0.30% | 36.27% |
| SPCX | Space Exploration Technologies Corp. | 18.61% | — | 200.0 | 83.5 | — | −3.87% |
| GOOGL | Alphabet Inc. | 16.01% | 17.1 | 22.8 | 9.3 | 0.26% | 44.36% |
| 9988 | Alibaba Group Holding Ltd | 11.49% | — | — | — | — | — |
| 0100 | MiniMax Group Inc | 8.32% | — | — | — | — | — |
| 2513 | Knowledge Atlas Tech Joint | 7.74% | — | — | — | — | — |
| NVDA | NVIDIA Corporation | 5.93% | 27.1 | 24.9 | 17.1 | 0.47% | 10.36% |
| MSFT | Microsoft Corporation | 4.20% | 29.5 | 25.1 | 11.8 | 0.74% | 6.75% |
| AMZN | Amazon.com, Inc. | 2.60% | 20.1 | 23.6 | 3.5 | — | 6.12% |
| 0700 | Tencent Holdings Ltd | 1.26% | — | — | — | — | — |
| 1810 | Xiaomi Corp | 0.88% | — | — | — | — | — |
| 9888 | Baidu Inc | 0.59% | — | — | — | — | — |
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 LLMA valuation
Adding up its 6 holdings with company data, LLMA trades at 32.1 times trailing earnings and 30.3 times analysts' forward estimates, with a price-to-book ratio of 8.88 and a dividend yield of 0.24%. Its earnings yield of 3.11% is 2.21 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 96.6% of the fund and earn 100.0% of its combined profit. Companies that lost money over the past year are 27.4% 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 69.1% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: LLMA chart, LLMA holdings.
LLMA valuation FAQ
What is the P/E ratio of LLMA?
Based on its holdings, LLMA has a trailing P/E of 32.1 and a forward P/E of 30.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of LLMA?
The trailing earnings yield is 3.11% (1 ÷ P/E) and the forward earnings yield 3.30%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is LLMA more expensive than the S&P 500?
LLMA trades at 32.1 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 30.3 and 19.9.
What is the price-to-book ratio of LLMA?
The holdings of LLMA trade at 8.88 times book value, with a combined return on equity of 27.7%.