Global X U.S. Natural Gas ETF (LNGX) Valuation
LNGX valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 14.0 trailing earnings
- Forward P/E
- 10.2 analyst estimates
- Price / sales
- 2.55
- Price / book
- 1.56
- EV / EBITDA
- 5.8
- Earnings yield
- 7.14% inverse of P/E
- Dividend yield
- 2.13% of the holdings
- Return on equity
- 11.1% combined
- Net margin
- 18.2% combined
- Beta
- 0.55 weighted, vs S&P 500
LNGX valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| LNGX | 14.0 | 10.2 | 2.55 | 1.56 | 2.13% | 11.1% | 18.2% | 2.2% |
| 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.
LNGX valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Energy | 96.3% | 14.0 | 10.2 | 2.55 | 1.56 | 2.13% | 11.1% |
LNGX 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 LNGX weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
LNGX largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| EXE | Expand Energy Corporation | 7.59% | 8.1 | 9.6 | 1.8 | 2.46% | 14.37% |
| OVV | Ovintiv Inc. | 7.56% | 19.3 | 9.0 | 2.0 | 1.73% | 5.97% |
| EQT | EQT Corporation | 7.16% | 12.6 | 14.1 | 3.7 | 1.25% | 8.67% |
| APA | APA Corporation | 5.12% | 10.4 | 9.4 | 2.0 | 2.03% | 7.52% |
| LNG | Cheniere Energy, Inc. | 4.83% | 21.9 | 13.5 | 2.9 | 0.77% | 3.36% |
| EOG | EOG Resources, Inc. | 4.55% | 12.3 | 10.1 | 3.1 | 2.58% | 5.64% |
| AR | Antero Resources Corporation | 4.48% | 11.1 | 9.0 | 2.1 | — | 6.15% |
| YZ8 | Permian Resources Corporation | 4.41% | — | — | — | — | — |
| DVN | Devon Energy Corporation | 4.19% | 11.1 | 9.3 | 3.0 | 2.52% | 5.79% |
| RRC | Range Resources Corporation | 4.05% | 11.9 | 10.0 | 3.1 | 0.93% | 5.18% |
| OXY | Occidental Petroleum Corporation | 3.98% | 17.7 | 14.6 | 2.6 | 1.80% | 3.43% |
| KMI | Kinder Morgan, Inc. | 3.91% | 22.1 | 20.0 | 4.2 | 3.45% | 2.70% |
| FANG | Diamondback Energy, Inc. | 3.69% | 38.8 | 10.0 | 3.5 | 2.16% | 1.45% |
| SM | SM Energy Company | 3.55% | 7.0 | 4.4 | 1.9 | 2.23% | 7.73% |
| WMB | The Williams Companies, Inc. | 3.34% | 28.4 | 26.8 | 7.1 | 2.95% | 1.79% |
| DTM | DT Midstream, Inc. | 3.13% | 27.1 | 22.1 | 9.6 | 2.85% | 1.76% |
| NFG | National Fuel Gas Company | 3.11% | 11.1 | 9.8 | 3.0 | 2.78% | 4.26% |
| AM | Antero Midstream Corporation | 2.71% | 24.9 | 12.9 | 7.5 | 4.36% | 1.66% |
| VG | Venture Global, Inc. | 2.43% | 10.0 | 14.4 | 1.9 | 1.26% | 3.70% |
| MUR | Murphy Oil Corporation | 2.25% | 20.7 | 13.4 | 2.0 | 3.35% | 1.66% |
| CNX | CNX Resources Corporation | 1.86% | 5.8 | 8.4 | 2.5 | — | 4.88% |
| MGY | Magnolia Oil & Gas Corporation | 1.85% | 11.1 | 9.2 | 4.7 | 2.60% | 2.54% |
| CRGY | Crescent Energy Company | 1.39% | 125.2 | 6.3 | 1.3 | 3.49% | 0.17% |
| GPOR | Gulfport Energy Corporation | 1.10% | 6.6 | 6.8 | 2.2 | — | 2.54% |
| NOG | Northern Oil and Gas, Inc. | 1.09% | — | 4.6 | 1.4 | 6.63% | −2.98% |
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 LNGX valuation
Adding up its 32 holdings with company data, LNGX trades at 14.0 times trailing earnings and 10.2 times analysts' forward estimates, with a price-to-book ratio of 1.56 and a dividend yield of 2.13%. Its earnings yield of 7.14% is 1.81 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 54.0% of the fund and earn 66.1% of its combined profit. Companies that lost money over the past year are 2.2% 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 95.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: LNGX chart, LNGX holdings, LNGX dividends.
LNGX valuation FAQ
What is the P/E ratio of LNGX?
Based on its holdings, LNGX has a trailing P/E of 14.0 and a forward P/E of 10.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of LNGX?
The trailing earnings yield is 7.14% (1 ÷ P/E) and the forward earnings yield 9.76%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is LNGX more expensive than the S&P 500?
LNGX trades at 14.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 10.2 and 19.9.
What is the price-to-book ratio of LNGX?
The holdings of LNGX trade at 1.56 times book value, with a combined return on equity of 11.1%.