ProShares Ultra Telecommunications (LTL) Valuation
LTL valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 19.2 trailing earnings
- Forward P/E
- 14.2 analyst estimates
- Price / sales
- 2.42
- Price / book
- 3.45
- EV / EBITDA
- 11.8
- Earnings yield
- 5.20% inverse of P/E
- Dividend yield
- 1.22% of the holdings
- Return on equity
- 17.9% combined
- Net margin
- 12.6% combined
- Beta
- 1.11 weighted, vs S&P 500
LTL valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| LTL | 19.2 | 14.2 | 2.42 | 3.45 | 1.22% | 17.9% | 12.6% | 9.9% |
| 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.
LTL valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Communication Services | 80.8% | 19.2 | 14.2 | 2.42 | 3.45 | 1.22% | 17.9% |
LTL 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 LTL weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
LTL largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| META | Meta Platforms, Inc. | 19.22% | 26.7 | 22.1 | 7.9 | 0.30% | 17.20% |
| GOOGL | Alphabet Inc. | 9.83% | 17.1 | 22.8 | 9.3 | 0.26% | 13.76% |
| GOOG | Alphabet Inc. | 8.28% | 16.9 | 21.8 | 9.2 | 0.26% | 11.71% |
| DIS | The Walt Disney Company | 3.79% | 22.8 | 13.8 | 1.9 | 1.36% | 3.97% |
| TTWO | Take-Two Interactive Software, Inc. | 3.65% | — | 28.2 | 5.7 | — | −0.74% |
| CMCSA | Comcast Corporation | 3.51% | 7.1 | 5.9 | 0.6 | 6.03% | 11.87% |
| VZ | Verizon Communications Inc. | 3.37% | 11.7 | 8.7 | 1.3 | 6.32% | 6.91% |
| APP | AppLovin Corporation | 3.37% | 20.5 | 15.4 | 13.1 | — | 3.94% |
| T | AT&T Inc. | 3.34% | 7.7 | 9.9 | 1.3 | 4.74% | 10.34% |
| NFLX | Netflix, Inc. | 3.33% | 22.2 | 18.7 | 6.1 | — | 3.59% |
| TMUS | T-Mobile US, Inc. | 3.32% | 16.6 | 11.7 | 1.9 | 2.94% | 4.78% |
| LYV | Live Nation Entertainment, Inc. | 2.98% | — | 119.0 | 1.5 | — | −0.46% |
| RDDT | Reddit, Inc. | 2.49% | 36.3 | 23.2 | 10.8 | — | 1.64% |
| OMC | Omnicom Group Inc. | 2.40% | 212.0 | 7.4 | 1.0 | 3.97% | 0.27% |
| FOXA | Fox Corporation | 1.34% | 16.7 | 11.1 | 1.6 | 0.90% | 1.92% |
| CHTR | Charter Communications, Inc. | 1.34% | 2.9 | 2.5 | 0.3 | — | 11.16% |
| ECHO | EchoStar Corporation | 1.30% | — | 4.7 | 1.7 | — | −4.96% |
| NWSA | News Corporation | 1.16% | 29.2 | 22.0 | 1.8 | 0.67% | 0.95% |
| TKO | TKO Group Holdings, Inc. | 1.12% | 61.4 | 48.8 | 6.3 | 1.80% | 0.44% |
| FOX | Fox Corporation | 0.87% | 14.9 | 9.9 | 1.4 | 1.01% | 1.40% |
| NWS | News Corporation | 0.41% | 31.9 | 24.4 | 2.0 | 0.61% | 0.30% |
| PSKY | Paramount Skydance Corporation | 0.38% | — | — | — | — | — |
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 LTL valuation
Adding up its 21 holdings with company data, LTL trades at 19.2 times trailing earnings and 14.2 times analysts' forward estimates, with a price-to-book ratio of 3.45 and a dividend yield of 1.22%. Its earnings yield of 5.20% is 0.13 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 61.7% of the fund and earn 82.6% of its combined profit. Companies that lost money over the past year are 9.9% 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: LTL chart, LTL performance, LTL holdings, LTL dividends.
LTL valuation FAQ
What is the P/E ratio of LTL?
Based on its holdings, LTL has a trailing P/E of 19.2 and a forward P/E of 14.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of LTL?
The trailing earnings yield is 5.20% (1 ÷ P/E) and the forward earnings yield 7.03%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is LTL more expensive than the S&P 500?
LTL trades at 19.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 14.2 and 19.9.
What is the price-to-book ratio of LTL?
The holdings of LTL trade at 3.45 times book value, with a combined return on equity of 17.9%.