Innovator Nasdaq-100 Managed 10 Buffer ETF (NBFR) Valuation
NBFR valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 31.7 trailing earnings
- Forward P/E
- 22.6 analyst estimates
- Price / sales
- 5.98
- Price / book
- 8.60
- EV / EBITDA
- 21.3
- Earnings yield
- 3.16% inverse of P/E
- Dividend yield
- 0.57% of the holdings
- Return on equity
- 27.1% combined
- Net margin
- 18.9% combined
- Beta
- 1.41 weighted, vs S&P 500
NBFR valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| NBFR | 31.7 | 22.6 | 5.98 | 8.60 | 0.57% | 27.1% | 18.9% | 7.1% |
| 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.
NBFR valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 56.0% | 34.6 | 21.9 | 11.37 | 14.97 | 0.47% | 43.2% |
| Communication Services | 11.9% | 18.1 | 18.2 | 4.08 | 4.45 | 0.75% | 24.6% |
| Consumer Cyclical | 11.4% | 32.9 | 32.5 | 5.05 | 8.36 | 0.00% | 25.4% |
| Consumer Defensive | 5.6% | 41.4 | 27.9 | 1.39 | 5.14 | 1.15% | 12.4% |
| Industrials | 4.5% | 256.2 | 75.4 | 19.79 | 12.24 | 0.14% | 4.8% |
| Healthcare | 4.2% | 26.0 | 17.1 | 4.19 | 9.61 | 1.36% | 37.0% |
| Utilities | 1.7% | 20.9 | 16.0 | 3.26 | 1.83 | 3.11% | 8.8% |
| Energy | 0.8% | 38.8 | 10.0 | 3.53 | 1.37 | 2.16% | 3.5% |
NBFR 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 NBFR weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
NBFR largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 9.13% | 27.1 | 24.9 | 17.1 | 0.47% | 11.14% |
| AAPL | Apple Inc. | 8.66% | 39.4 | 35.2 | 10.7 | 0.31% | 7.26% |
| MSFT | Microsoft Corporation | 7.57% | 29.5 | 25.1 | 11.8 | 0.74% | 8.49% |
| AMZN | Amazon.com, Inc. | 5.03% | 20.1 | 23.6 | 3.5 | — | 8.26% |
| MU | Micron Technology, Inc. | 4.67% | 11.8 | 7.0 | 7.5 | 0.07% | 13.06% |
| WMT | Walmart Inc. | 4.58% | 43.0 | 38.0 | 1.3 | 0.83% | 3.51% |
| AMD | Advanced Micro Devices, Inc. | 4.14% | 134.9 | 39.5 | 20.9 | — | 1.01% |
| TSLA | Tesla, Inc. | 3.55% | 328.4 | 158.7 | 13.5 | — | 0.36% |
| META | Meta Platforms, Inc. | 3.45% | 26.7 | 22.1 | 7.9 | 0.30% | 4.27% |
| GOOGL | Alphabet Inc. | 3.36% | 17.1 | 22.8 | 9.3 | 0.26% | 6.50% |
| GOOG | Alphabet Inc. | 3.15% | 16.9 | 21.8 | 9.2 | 0.26% | 6.15% |
| AVGO | Broadcom Inc. | 2.97% | 43.3 | 19.4 | 17.6 | 0.79% | 2.27% |
| SPCX | Space Exploration Technologies Corp. | 2.97% | — | 200.0 | 83.5 | — | −0.43% |
| PLTR | Palantir Technologies Inc. | 2.44% | 160.4 | 85.5 | 72.6 | — | 0.50% |
| AMGN | Amgen Inc. | 2.38% | 26.9 | 16.7 | 6.1 | 2.33% | 2.93% |
| INTC | Intel Corporation | 2.32% | — | 63.3 | 8.3 | — | −1.81% |
| KLAC | KLA Corporation | 2.24% | 45.3 | 34.8 | 15.9 | 0.56% | 1.64% |
| WDAY | Workday, Inc. | 2.23% | 38.9 | 17.7 | 4.5 | — | 1.90% |
| XEL | Xcel Energy Inc. | 1.73% | 20.9 | 16.0 | 3.3 | 3.11% | 2.73% |
| ASML | ASML Holding N.V. | 1.71% | 40.4 | 28.9 | 16.0 | 0.55% | 1.40% |
| PAYX | Paychex, Inc. | 1.55% | 22.1 | 17.5 | 6.0 | 4.26% | 2.32% |
| ORLY | O'Reilly Automotive, Inc. | 1.46% | 28.3 | 23.4 | 3.9 | — | 1.70% |
| ADSK | Autodesk, Inc. | 1.38% | 31.1 | 17.6 | 6.4 | — | 1.47% |
| ABNB | Airbnb, Inc. | 1.36% | 39.6 | 25.4 | 7.9 | — | 1.13% |
| MRVL | Marvell Technology, Inc. | 1.25% | 72.3 | 62.1 | 21.7 | 0.11% | 0.57% |
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 NBFR valuation
Adding up its 41 holdings with company data, NBFR trades at 31.7 times trailing earnings and 22.6 times analysts' forward estimates, with a price-to-book ratio of 8.60 and a dividend yield of 0.57%. Its earnings yield of 3.16% is 2.17 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 54.1% of the fund and earn 63.9% of its combined profit. By sector, Industrials is the most expensive at 256.2 times earnings and Communication Services the cheapest at 18.1. Companies that lost money over the past year are 7.1% 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 98.7% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: NBFR chart, NBFR holdings, NBFR dividends.
NBFR valuation FAQ
What is the P/E ratio of NBFR?
Based on its holdings, NBFR has a trailing P/E of 31.7 and a forward P/E of 22.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of NBFR?
The trailing earnings yield is 3.16% (1 ÷ P/E) and the forward earnings yield 4.42%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is NBFR more expensive than the S&P 500?
NBFR trades at 31.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 22.6 and 19.9.
What is the price-to-book ratio of NBFR?
The holdings of NBFR trade at 8.60 times book value, with a combined return on equity of 27.1%.
Which sector in NBFR has the highest P/E?
Industrials has the highest P/E at 256.2 and Communication Services the lowest at 18.1.