Neuberger Berman Disrupters ETF (NBDS) Valuation
NBDS valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 69.9 trailing earnings
- Forward P/E
- 36.4 analyst estimates
- Price / sales
- 10.23
- Price / book
- 10.54
- EV / EBITDA
- 34.2
- Earnings yield
- 1.43% inverse of P/E
- Dividend yield
- 0.16% of the holdings
- Return on equity
- 15.1% combined
- Net margin
- 14.6% combined
- Beta
- 1.86 weighted, vs S&P 500
NBDS valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| NBDS | 69.9 | 36.4 | 10.23 | 10.54 | 0.16% | 15.1% | 14.6% | 17.4% |
| 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.
NBDS valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 52.5% | 93.6 | 35.8 | 13.55 | 15.39 | 0.21% | 16.5% |
| Healthcare | 15.4% | 549.0 | 53.5 | 18.18 | 10.32 | 0.00% | 1.9% |
| Industrials | 7.4% | 140.6 | 67.4 | 14.60 | 13.52 | 0.03% | 9.6% |
| Consumer Cyclical | 6.3% | 30.7 | 32.8 | 3.84 | 7.51 | 0.00% | 24.5% |
| Financial Services | 6.0% | 34.8 | 34.5 | 14.31 | 5.52 | 0.20% | 15.9% |
| Communication Services | 5.2% | 33.0 | 25.8 | 7.60 | 9.87 | 0.00% | 29.9% |
| Utilities | 3.7% | 26.5 | 20.7 | 3.07 | 3.16 | 0.63% | 11.9% |
NBDS 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 NBDS weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
NBDS largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 7.36% | 27.1 | 24.9 | 17.1 | 0.47% | 21.28% |
| AMD | Advanced Micro Devices, Inc. | 5.62% | 134.9 | 39.5 | 20.9 | — | 3.26% |
| SNOW | Snowflake Inc. | 4.78% | — | 169.5 | 19.9 | — | −3.88% |
| SHOP | Shopify Inc. | 4.48% | 114.5 | 58.8 | 16.6 | — | 3.06% |
| DFTX | Definium Therapeutics, Inc. | 4.24% | — | — | — | — | — |
| PTGX | Protagonist Therapeutics, Inc. | 4.16% | 125.0 | 36.9 | 29.5 | — | 2.61% |
| GKOS | Glaukos Corporation | 3.89% | — | — | 15.9 | — | −6.02% |
| ASML | ASML Holding N.V. | 3.88% | 40.4 | 28.9 | 16.0 | 0.55% | 7.51% |
| MPWR | Monolithic Power Systems, Inc. | 3.84% | 73.7 | 38.8 | 18.2 | 0.66% | 4.08% |
| CEG | Constellation Energy Corporation | 3.72% | 26.5 | 20.7 | 3.1 | 0.63% | 10.97% |
| ARM | Arm Holdings plc | 3.60% | 234.8 | 151.5 | 47.2 | — | 1.20% |
| HOOD | Robinhood Markets, Inc. | 3.47% | 43.6 | 45.0 | 18.0 | — | 6.24% |
| NOW | ServiceNow, Inc. | 3.43% | 88.7 | 27.8 | 10.0 | — | 3.02% |
| ISRG | Intuitive Surgical, Inc. | 3.13% | 48.9 | 33.3 | 13.7 | — | 5.01% |
| NVMI | Nova Ltd | 2.92% | — | — | — | — | — |
| HEI | HEICO Corporation | 2.87% | 51.6 | 42.6 | 8.4 | 0.08% | 4.34% |
| AMZN | Amazon.com, Inc. | 2.85% | 20.1 | 23.6 | 3.5 | — | 11.10% |
| SPOT | Spotify Technology S.A | 2.76% | 30.5 | 28.6 | 6.0 | — | 7.09% |
| AVGO | Broadcom Inc. | 2.59% | 43.3 | 19.4 | 17.6 | 0.79% | 4.67% |
| TW | Tradeweb Markets Inc. | 2.50% | 27.2 | 26.0 | 11.1 | 0.49% | 7.20% |
| RDDT | Reddit, Inc. | 2.44% | 36.3 | 23.2 | 10.8 | — | 5.27% |
| LITE | Lumentum Holdings Inc. | 2.43% | — | 42.9 | 24.8 | — | −21.42% |
| BE | Bloom Energy Corporation | 2.27% | 291.2 | 57.1 | 20.9 | — | 0.61% |
| TTAN | ServiceTitan, Inc. | 2.27% | — | 45.0 | 6.8 | — | −2.80% |
| RKLB | Rocket Lab USA, Inc. | 2.21% | — | — | 42.3 | — | −0.86% |
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 NBDS valuation
Adding up its 28 holdings with company data, NBDS trades at 69.9 times trailing earnings and 36.4 times analysts' forward estimates, with a price-to-book ratio of 10.54 and a dividend yield of 0.16%. Its earnings yield of 1.43% is 3.90 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 46.0% of the fund and earn 44.1% of its combined profit. By sector, Healthcare is the most expensive at 549.0 times earnings and Utilities the cheapest at 26.5. Companies that lost money over the past year are 17.4% 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 92.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: NBDS chart, NBDS performance, NBDS holdings, NBDS dividends.
NBDS valuation FAQ
What is the P/E ratio of NBDS?
Based on its holdings, NBDS has a trailing P/E of 69.9 and a forward P/E of 36.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of NBDS?
The trailing earnings yield is 1.43% (1 ÷ P/E) and the forward earnings yield 2.74%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is NBDS more expensive than the S&P 500?
NBDS trades at 69.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 36.4 and 19.9.
What is the price-to-book ratio of NBDS?
The holdings of NBDS trade at 10.54 times book value, with a combined return on equity of 15.1%.
Which sector in NBDS has the highest P/E?
Healthcare has the highest P/E at 549.0 and Utilities the lowest at 26.5.