TrueShares Technology, AI and Deep Learning ETF (LRNZ) Valuation
LRNZ valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 88.7 trailing earnings
- Forward P/E
- 33.5 analyst estimates
- Price / sales
- 0.25
- Price / book
- 16.60
- EV / EBITDA
- 43.8
- Earnings yield
- 1.13% inverse of P/E
- Dividend yield
- 0.14% of the holdings
- Return on equity
- 18.7% combined
- Net margin
- 0.3% combined
- Beta
- 1.67 weighted, vs S&P 500
LRNZ valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| LRNZ | 88.7 | 33.5 | 0.25 | 16.60 | 0.14% | 18.7% | 0.3% | 31.5% |
| 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.
LRNZ valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 73.7% | 66.9 | 31.3 | 0.19 | 17.32 | 0.16% | 25.9% |
| Healthcare | 21.4% | n/m | 107.7 | 13.32 | 18.60 | 0.06% | −19.9% |
| Communication Services | 3.4% | 16.9 | 21.8 | 9.24 | 6.58 | 0.26% | 38.9% |
LRNZ 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 LRNZ weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
LRNZ largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NTRA | Natera, Inc. | 7.89% | — | — | 20.9 | — | −2.48% |
| NET | Cloudflare, Inc. | 7.33% | — | 178.6 | 42.0 | — | −1.19% |
| CRWD | CrowdStrike Holdings, Inc. | 7.14% | — | 208.3 | 43.1 | — | 0.17% |
| SNOW | Snowflake Inc. | 5.82% | — | 169.5 | 19.9 | — | −5.53% |
| GH | Guardant Health, Inc. | 5.28% | — | — | 18.0 | — | −10.67% |
| PANW | Palo Alto Networks, Inc. | 5.17% | 855.0 | 94.3 | 24.4 | — | 0.55% |
| DDOG | Datadog, Inc. | 4.85% | 494.2 | 84.7 | 22.4 | — | 0.90% |
| IOT | Samsara Inc. | 4.66% | 282.6 | 52.4 | 12.5 | — | 1.51% |
| MDB | MongoDB, Inc. | 4.55% | 468.8 | 70.4 | 9.8 | — | 0.89% |
| SDGR | Schrödinger, Inc. | 4.19% | — | — | 6.5 | — | −11.03% |
| AMD | Advanced Micro Devices, Inc. | 4.00% | 134.9 | 39.5 | 20.9 | — | 2.72% |
| NVDA | NVIDIA Corporation | 3.94% | 27.1 | 24.9 | 17.1 | 0.47% | 13.35% |
| MU | Micron Technology, Inc. | 3.48% | 11.8 | 7.0 | 7.5 | 0.07% | 27.00% |
| ADI | Analog Devices, Inc. | 3.44% | 47.0 | 23.2 | 13.8 | 1.11% | 6.71% |
| AVGO | Broadcom Inc. | 3.41% | 43.3 | 19.4 | 17.6 | 0.79% | 7.23% |
| GOOG | Alphabet Inc. | 3.38% | 16.9 | 21.8 | 9.2 | 0.26% | 18.30% |
| MPWR | Monolithic Power Systems, Inc. | 3.28% | 73.7 | 38.8 | 18.2 | 0.66% | 4.08% |
| ARM | Arm Holdings plc | 2.57% | 234.8 | 151.5 | 47.2 | — | 1.00% |
| VICR | Vicor Corporation | 2.36% | 61.2 | 47.2 | 18.6 | — | 3.54% |
| SNDK | Sandisk Corporation | 2.27% | 17.6 | 8.0 | 9.3 | — | 11.81% |
| LLY | Eli Lilly and Company | 2.26% | 42.2 | 24.4 | 14.1 | 0.55% | 4.91% |
| SKHY | SK Hynix Inc. American Depositary Shares | 1.99% | 8.7 | 5.4 | 0.0 | 0.08% | 20.93% |
| ALAB | Astera Labs, Inc. | 1.93% | 140.8 | 55.6 | 41.3 | — | 1.26% |
| GPCR | Structure Therapeutics Inc. | 1.77% | — | — | — | — | — |
| AMAT | Applied Materials, Inc. | 1.55% | 35.3 | 23.4 | 10.5 | 0.52% | 4.04% |
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 LRNZ valuation
Adding up its 24 holdings with company data, LRNZ trades at 88.7 times trailing earnings and 33.5 times analysts' forward estimates, with a price-to-book ratio of 16.60 and a dividend yield of 0.14%. Its earnings yield of 1.13% is 4.20 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 56.9% of the fund and earn −26.9% of its combined profit. By sector, Technology is the most expensive at 66.9 times earnings and Communication Services the cheapest at 16.9. Companies that lost money over the past year are 31.5% 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 98.2% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: LRNZ chart, LRNZ performance, LRNZ holdings.
LRNZ valuation FAQ
What is the P/E ratio of LRNZ?
Based on its holdings, LRNZ has a trailing P/E of 88.7 and a forward P/E of 33.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of LRNZ?
The trailing earnings yield is 1.13% (1 ÷ P/E) and the forward earnings yield 2.98%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is LRNZ more expensive than the S&P 500?
LRNZ trades at 88.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 33.5 and 19.9.
What is the price-to-book ratio of LRNZ?
The holdings of LRNZ trade at 16.60 times book value, with a combined return on equity of 18.7%.
Which sector in LRNZ has the highest P/E?
Technology has the highest P/E at 66.9 and Communication Services the lowest at 16.9.