Neuberger Core Equity ETF (NBCR) Valuation
NBCR valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 28.6 trailing earnings
- Forward P/E
- 20.4 analyst estimates
- Price / sales
- 3.97
- Price / book
- 5.64
- EV / EBITDA
- 17.1
- Earnings yield
- 3.49% inverse of P/E
- Dividend yield
- 0.99% of the holdings
- Return on equity
- 19.7% combined
- Net margin
- 13.9% combined
- Beta
- 1.15 weighted, vs S&P 500
NBCR valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| NBCR | 28.6 | 20.4 | 3.97 | 5.64 | 0.99% | 19.7% | 13.9% | 4.0% |
| 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.
NBCR valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 36.1% | 33.9 | 24.0 | 9.90 | 13.70 | 0.51% | 40.4% |
| Financial Services | 14.4% | 21.8 | 15.5 | 3.71 | 2.96 | 1.53% | 13.6% |
| Consumer Cyclical | 10.0% | 27.1 | 22.1 | 2.25 | 6.33 | 0.72% | 23.4% |
| Healthcare | 9.8% | 40.2 | 17.6 | 2.04 | 4.64 | 1.46% | 11.5% |
| Communication Services | 9.1% | 21.9 | 20.3 | 6.31 | 5.60 | 0.35% | 25.6% |
| Industrials | 7.2% | 33.9 | 24.5 | 3.48 | 7.09 | 0.97% | 20.9% |
| Consumer Defensive | 4.1% | 30.5 | 25.3 | 2.74 | 8.02 | 1.77% | 26.3% |
| Energy | 3.7% | 19.3 | 13.6 | 2.00 | 2.35 | 2.32% | 12.1% |
| Basic Materials | 2.3% | 29.7 | 18.2 | 3.40 | 4.41 | 0.97% | 14.8% |
| Utilities | 1.9% | 21.6 | 15.1 | 2.65 | 2.37 | 2.45% | 11.0% |
| Real Estate | 1.2% | 44.5 | 43.6 | 9.37 | 2.62 | 3.26% | 5.9% |
NBCR 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 NBCR weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
NBCR largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 7.57% | 39.4 | 35.2 | 10.7 | 0.31% | 5.52% |
| NVDA | NVIDIA Corporation | 7.48% | 27.1 | 24.9 | 17.1 | 0.47% | 7.94% |
| MSFT | Microsoft Corporation | 5.98% | 29.5 | 25.1 | 11.8 | 0.74% | 5.83% |
| AMZN | Amazon.com, Inc. | 3.59% | 20.1 | 23.6 | 3.5 | — | 5.13% |
| GOOGL | Alphabet Inc. | 2.83% | 17.1 | 22.8 | 9.3 | 0.26% | 4.76% |
| GOOG | Alphabet Inc. | 2.24% | 16.9 | 21.8 | 9.2 | 0.26% | 3.81% |
| META | Meta Platforms, Inc. | 2.07% | 26.7 | 22.1 | 7.9 | 0.30% | 2.23% |
| TSLA | Tesla, Inc. | 1.70% | 328.4 | 158.7 | 13.5 | — | 0.15% |
| AVGO | Broadcom Inc. | 1.70% | 43.3 | 19.4 | 17.6 | 0.79% | 1.13% |
| LLY | Eli Lilly and Company | 1.62% | 42.2 | 24.4 | 14.1 | 0.55% | 1.10% |
| V | Visa Inc. | 1.47% | 34.3 | 24.0 | 17.0 | 0.67% | 1.24% |
| JPM | JPMorgan Chase & Co. | 1.38% | 14.2 | 13.5 | 4.7 | 1.94% | 2.79% |
| AMD | Advanced Micro Devices, Inc. | 1.28% | 134.9 | 39.5 | 20.9 | — | 0.27% |
| MU | Micron Technology, Inc. | 1.23% | 11.8 | 7.0 | 7.5 | 0.07% | 2.99% |
| MA | Mastercard Incorporated | 1.17% | 34.0 | 24.2 | 15.4 | 0.56% | 0.99% |
| LRCX | Lam Research Corporation | 1.14% | 45.8 | 33.7 | 14.2 | 0.50% | 0.72% |
| COST | Costco Wholesale Corporation | 1.11% | 47.6 | 40.3 | 1.4 | 0.59% | 0.67% |
| RYAN | Ryan Specialty Holdings, Inc. | 0.98% | 57.4 | 14.6 | 3.3 | 1.28% | 0.49% |
| INTC | Intel Corporation | 0.96% | — | 63.3 | 8.3 | — | −0.65% |
| LION | Lionsgate Studios Holding Corp. | 0.95% | — | 23.3 | 1.1 | — | −0.02% |
| ABBV | AbbVie Inc. | 0.94% | 80.6 | 16.4 | 7.8 | 2.42% | 0.33% |
| MRSH | Marsh & McLennan Companies, Inc. | 0.91% | 22.5 | 15.0 | 3.2 | 2.10% | 1.16% |
| RTX | RTX Corporation | 0.86% | 34.1 | 24.6 | 2.8 | 1.51% | 0.73% |
| MRK | Merck & Co., Inc. | 0.83% | 115.8 | 15.3 | 5.4 | 2.33% | 0.21% |
| HD | The Home Depot, Inc. | 0.79% | 21.5 | 19.8 | 1.8 | 3.01% | 1.05% |
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 NBCR valuation
Adding up its 202 holdings with company data, NBCR trades at 28.6 times trailing earnings and 20.4 times analysts' forward estimates, with a price-to-book ratio of 5.64 and a dividend yield of 0.99%. Its earnings yield of 3.49% is 1.84 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 36.8% of the fund and earn 37.6% of its combined profit. By sector, Real Estate is the most expensive at 44.5 times earnings and Energy the cheapest at 19.3. Companies that lost money over the past year are 4.0% 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 98.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: NBCR chart, NBCR performance, NBCR holdings, NBCR dividends.
NBCR valuation FAQ
What is the P/E ratio of NBCR?
Based on its holdings, NBCR has a trailing P/E of 28.6 and a forward P/E of 20.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of NBCR?
The trailing earnings yield is 3.49% (1 ÷ P/E) and the forward earnings yield 4.91%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is NBCR more expensive than the S&P 500?
NBCR trades at 28.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 20.4 and 19.9.
What is the price-to-book ratio of NBCR?
The holdings of NBCR trade at 5.64 times book value, with a combined return on equity of 19.7%.
Which sector in NBCR has the highest P/E?
Real Estate has the highest P/E at 44.5 and Energy the lowest at 19.3.