Global X Millennials Consumer ETF (MILN) Valuation
MILN valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 22.8 trailing earnings
- Forward P/E
- 17.1 analyst estimates
- Price / sales
- 2.08
- Price / book
- 4.51
- EV / EBITDA
- 13.9
- Earnings yield
- 4.38% inverse of P/E
- Dividend yield
- 0.88% of the holdings
- Return on equity
- 19.7% combined
- Net margin
- 9.1% combined
- Beta
- 1.35 weighted, vs S&P 500
MILN valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| MILN | 22.8 | 17.1 | 2.08 | 4.51 | 0.88% | 19.7% | 9.1% | 2.5% |
| 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.
MILN valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Consumer Cyclical | 51.6% | 24.7 | 18.8 | 1.85 | 7.17 | 1.01% | 29.1% |
| Communication Services | 15.8% | 24.0 | 17.4 | 3.55 | 4.07 | 0.37% | 16.9% |
| Technology | 14.2% | 17.9 | 13.8 | 2.64 | 3.10 | 0.40% | 17.3% |
| Consumer Defensive | 5.7% | 31.8 | 17.1 | 1.35 | 3.96 | 0.63% | 12.4% |
| Financial Services | 5.2% | 12.1 | 10.4 | 1.81 | 2.06 | 0.85% | 17.0% |
| Healthcare | 0.9% | n/m | 97.0 | 2.96 | 7.84 | 0.00% | −2.7% |
| Industrials | 0.5% | n/m | 7.0 | 0.54 | 1.51 | 0.39% | −0.5% |
MILN 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 MILN weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
MILN largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| ABNB | Airbnb, Inc. | 3.88% | 39.6 | 25.4 | 7.9 | — | 2.34% |
| AAPL | Apple Inc. | 3.70% | 39.4 | 35.2 | 10.7 | 0.31% | 2.23% |
| DASH | DoorDash, Inc. | 3.53% | 99.6 | 38.0 | 5.2 | — | 0.84% |
| SPOT | Spotify Technology S.A | 3.33% | 30.5 | 28.6 | 6.0 | — | 2.60% |
| PYPL | PayPal Holdings, Inc. | 3.21% | 10.7 | 9.1 | 1.4 | 0.99% | 7.13% |
| EBAY | eBay Inc. | 3.17% | 25.3 | 16.6 | 4.5 | 1.03% | 2.97% |
| DIS | The Walt Disney Company | 3.15% | 22.8 | 13.8 | 1.9 | 1.36% | 3.29% |
| SBUX | Starbucks Corporation | 3.05% | 56.4 | 30.9 | 2.9 | 2.58% | 1.29% |
| AMZN | Amazon.com, Inc. | 2.98% | 20.1 | 23.6 | 3.5 | — | 3.53% |
| META | Meta Platforms, Inc. | 2.98% | 26.7 | 22.1 | 7.9 | 0.30% | 2.65% |
| UBER | Uber Technologies, Inc. | 2.87% | 15.4 | 15.9 | 2.6 | — | 4.43% |
| GOOGL | Alphabet Inc. | 2.85% | 17.1 | 22.8 | 9.3 | 0.26% | 3.97% |
| EQR | Equity Residential | 2.82% | — | — | — | — | — |
| HD | The Home Depot, Inc. | 2.78% | 21.5 | 19.8 | 1.8 | 3.01% | 3.07% |
| BKNG | Booking Holdings Inc. | 2.72% | 18.1 | 13.3 | 4.3 | 1.03% | 3.57% |
| COST | Costco Wholesale Corporation | 2.71% | 47.6 | 40.3 | 1.4 | 0.59% | 1.35% |
| INTU | Intuit Inc. | 2.71% | 19.8 | 12.7 | 4.1 | 1.70% | 3.26% |
| CVNA | Carvana Co. | 2.67% | 31.1 | 29.9 | 2.6 | — | 2.04% |
| SE | Sea Limited | 2.60% | 36.2 | 25.8 | 2.1 | — | 1.71% |
| XYZ | Block, Inc | 2.56% | 139.1 | 14.5 | 1.9 | — | 0.44% |
| NKE | NIKE, Inc. | 2.49% | 17.9 | 21.0 | 1.2 | 4.42% | 3.32% |
| TJX | The TJX Companies, Inc. | 2.43% | 27.3 | 24.9 | 2.6 | 1.30% | 2.12% |
| CMG | Chipotle Mexican Grill, Inc. | 2.35% | 27.4 | 28.5 | 3.0 | — | 2.04% |
| LOW | Lowe's Companies, Inc. | 2.30% | 16.7 | 15.6 | 1.2 | 2.53% | 3.27% |
| EXPE | Expedia Group, Inc. | 2.04% | 18.0 | 11.3 | 2.2 | 0.66% | 2.69% |
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 MILN valuation
Adding up its 77 holdings with company data, MILN trades at 22.8 times trailing earnings and 17.1 times analysts' forward estimates, with a price-to-book ratio of 4.51 and a dividend yield of 0.88%. Its earnings yield of 4.38% is 0.95 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 33.0% of the fund and earn 28.9% of its combined profit. By sector, Consumer Defensive is the most expensive at 31.8 times earnings and Financial Services the cheapest at 12.1. Companies that lost money over the past year are 2.5% 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 96.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: MILN chart, MILN performance, MILN holdings, MILN dividends.
MILN valuation FAQ
What is the P/E ratio of MILN?
Based on its holdings, MILN has a trailing P/E of 22.8 and a forward P/E of 17.1 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of MILN?
The trailing earnings yield is 4.38% (1 ÷ P/E) and the forward earnings yield 5.84%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is MILN more expensive than the S&P 500?
MILN trades at 22.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 17.1 and 19.9.
What is the price-to-book ratio of MILN?
The holdings of MILN trade at 4.51 times book value, with a combined return on equity of 19.7%.
Which sector in MILN has the highest P/E?
Consumer Defensive has the highest P/E at 31.8 and Financial Services the lowest at 12.1.