IQ U.S. Large Cap R&D Leaders ETF (LRND) Valuation
LRND valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 29.7 trailing earnings
- Forward P/E
- 25.0 analyst estimates
- Price / sales
- 8.76
- Price / book
- 11.22
- EV / EBITDA
- 20.6
- Earnings yield
- 3.37% inverse of P/E
- Dividend yield
- 0.52% of the holdings
- Return on equity
- 37.8% combined
- Net margin
- 29.5% combined
- Beta
- 1.39 weighted, vs S&P 500
LRND valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| LRND | 29.7 | 25.0 | 8.76 | 11.22 | 0.52% | 37.8% | 29.5% | 1.1% |
| 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.
LRND valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 59.7% | 35.6 | 27.0 | 11.75 | 15.27 | 0.50% | 42.9% |
| Communication Services | 15.8% | 18.9 | 22.3 | 8.68 | 6.94 | 0.28% | 36.8% |
| Healthcare | 9.1% | 35.3 | 21.7 | 9.40 | 12.83 | 0.72% | 36.4% |
| Consumer Cyclical | 5.1% | 21.0 | 23.3 | 3.60 | 5.12 | 0.01% | 24.4% |
| Industrials | 2.3% | 36.3 | 26.1 | 5.03 | 10.78 | 0.85% | 29.7% |
| Consumer Defensive | 1.6% | 20.8 | 16.8 | 2.27 | 10.23 | 3.57% | 49.1% |
| Basic Materials | 0.7% | 29.9 | 21.3 | 2.76 | 4.84 | 1.39% | 16.2% |
| Financial Services | 0.3% | 103.1 | — | 2.70 | — | 0.00% | — |
LRND 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 LRND weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
LRND largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 17.14% | 27.1 | 24.9 | 17.1 | 0.47% | 19.90% |
| GOOGL | Alphabet Inc. | 11.65% | 17.1 | 22.8 | 9.3 | 0.26% | 21.42% |
| AAPL | Apple Inc. | 9.62% | 39.4 | 35.2 | 10.7 | 0.31% | 7.68% |
| MSFT | Microsoft Corporation | 8.23% | 29.5 | 25.1 | 11.8 | 0.74% | 8.77% |
| LLY | Eli Lilly and Company | 4.96% | 42.2 | 24.4 | 14.1 | 0.55% | 3.69% |
| AMZN | Amazon.com, Inc. | 4.48% | 20.1 | 23.6 | 3.5 | — | 7.00% |
| AVGO | Broadcom Inc. | 3.98% | 43.3 | 19.4 | 17.6 | 0.79% | 2.89% |
| META | Meta Platforms, Inc. | 3.97% | 26.7 | 22.1 | 7.9 | 0.30% | 4.67% |
| AMD | Advanced Micro Devices, Inc. | 3.59% | 134.9 | 39.5 | 20.9 | — | 0.84% |
| PLTR | Palantir Technologies Inc. | 2.05% | 160.4 | 85.5 | 72.6 | — | 0.40% |
| CSCO | Cisco Systems, Inc. | 1.91% | 32.2 | 19.8 | 6.7 | 1.56% | 1.86% |
| LRCX | Lam Research Corporation | 1.30% | 45.8 | 33.7 | 14.2 | 0.50% | 0.89% |
| AMAT | Applied Materials, Inc. | 1.29% | 35.3 | 23.4 | 10.5 | 0.52% | 1.15% |
| AMGN | Amgen Inc. | 1.24% | 26.9 | 16.7 | 6.1 | 2.33% | 1.46% |
| PEP | PepsiCo, Inc. | 0.95% | 16.5 | 14.9 | 1.8 | 4.50% | 1.81% |
| ANET | Arista Networks, Inc. | 0.95% | 55.8 | 39.2 | 21.2 | — | 0.54% |
| MRVL | Marvell Technology, Inc. | 0.90% | 72.3 | 62.1 | 21.7 | 0.11% | 0.39% |
| QCOM | QUALCOMM Incorporated | 0.85% | 19.9 | 19.6 | 4.2 | 2.14% | 1.34% |
| VGT | Vanguard World Fund - Vanguard Information Technology ETF | 0.74% | — | — | — | — | — |
| XLK | The Select Sector SPDR Trust - The Technology Select Sector SPDR Fund | 0.74% | — | — | — | — | — |
| FTEC | Fidelity® MSCI Information Technology Index ETF | 0.70% | — | — | — | — | — |
| NOW | ServiceNow, Inc. | 0.70% | 88.7 | 27.8 | 10.0 | — | 0.25% |
| XLC | Communication Services Select Sector SPDR® Fund | 0.70% | — | — | — | — | — |
| VRTX | Vertex Pharmaceuticals Incorporated | 0.68% | 28.9 | 24.1 | 10.1 | — | 0.74% |
| ADP | Automatic Data Processing, Inc. | 0.67% | 26.4 | 22.0 | 5.2 | 2.35% | 0.79% |
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 LRND valuation
Adding up its 100 holdings with company data, LRND trades at 29.7 times trailing earnings and 25.0 times analysts' forward estimates, with a price-to-book ratio of 11.22 and a dividend yield of 0.52%. Its earnings yield of 3.37% is 1.96 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 69.7% of the fund and earn 77.3% of its combined profit. By sector, Financial Services is the most expensive at 103.1 times earnings and Communication Services the cheapest at 18.9. Companies that lost money over the past year are 1.1% 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: LRND chart, LRND performance, LRND holdings, LRND dividends.
LRND valuation FAQ
What is the P/E ratio of LRND?
Based on its holdings, LRND has a trailing P/E of 29.7 and a forward P/E of 25.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of LRND?
The trailing earnings yield is 3.37% (1 ÷ P/E) and the forward earnings yield 4.00%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is LRND more expensive than the S&P 500?
LRND trades at 29.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 25.0 and 19.9.
What is the price-to-book ratio of LRND?
The holdings of LRND trade at 11.22 times book value, with a combined return on equity of 37.8%.
Which sector in LRND has the highest P/E?
Financial Services has the highest P/E at 103.1 and Communication Services the lowest at 18.9.