Neuberger Growth ETF (NBGX) Valuation
NBGX valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 29.4 trailing earnings
- Forward P/E
- 23.0 analyst estimates
- Price / sales
- 4.73
- Price / book
- 9.60
- EV / EBITDA
- 20.1
- Earnings yield
- 3.40% inverse of P/E
- Dividend yield
- 0.73% of the holdings
- Return on equity
- 32.6% combined
- Net margin
- 16.1% combined
- Beta
- 1.26 weighted, vs S&P 500
NBGX valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| NBGX | 29.4 | 23.0 | 4.73 | 9.60 | 0.73% | 32.6% | 16.1% | 2.2% |
| 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.
NBGX valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 43.0% | 32.1 | 22.2 | 4.49 | 14.31 | 0.47% | 44.6% |
| Communication Services | 15.6% | 21.2 | 23.1 | 6.84 | 7.60 | 0.24% | 35.8% |
| Consumer Cyclical | 10.7% | 27.4 | 26.8 | 3.30 | 7.96 | 0.79% | 29.0% |
| Financial Services | 8.1% | 26.9 | 21.0 | 10.04 | 8.15 | 1.60% | 30.3% |
| Healthcare | 7.2% | 48.7 | 21.0 | 9.01 | 12.52 | 1.27% | 25.7% |
| Industrials | 6.2% | 35.9 | 26.7 | 4.36 | 8.13 | 0.86% | 22.7% |
| Utilities | 2.2% | 20.7 | 17.7 | 3.68 | 2.38 | 2.72% | 11.5% |
| Consumer Defensive | 2.0% | 46.0 | 39.5 | 1.39 | 10.73 | 0.67% | 23.3% |
| Energy | 0.7% | 28.4 | 26.8 | 7.08 | 6.77 | 2.95% | 23.9% |
| Real Estate | 0.4% | 63.4 | 52.1 | 9.82 | 7.27 | 2.09% | 11.5% |
NBGX 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 NBGX weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
NBGX largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 10.45% | 27.1 | 24.9 | 17.1 | 0.47% | 11.82% |
| GOOGL | Alphabet Inc. | 8.28% | 17.1 | 22.8 | 9.3 | 0.26% | 14.83% |
| MSFT | Microsoft Corporation | 5.60% | 29.5 | 25.1 | 11.8 | 0.74% | 5.82% |
| META | Meta Platforms, Inc. | 5.16% | 26.7 | 22.1 | 7.9 | 0.30% | 5.91% |
| AAPL | Apple Inc. | 4.91% | 39.4 | 35.2 | 10.7 | 0.31% | 3.81% |
| AVGO | Broadcom Inc. | 4.41% | 43.3 | 19.4 | 17.6 | 0.79% | 3.12% |
| AMZN | Amazon.com, Inc. | 3.97% | 20.1 | 23.6 | 3.5 | — | 6.04% |
| LLY | Eli Lilly and Company | 3.20% | 42.2 | 24.4 | 14.1 | 0.55% | 2.32% |
| ASML | ASML Holding N.V. | 3.05% | 40.4 | 28.9 | 16.0 | 0.55% | 2.31% |
| TSM | Taiwan Semiconductor Manufacturing Company Limited | 2.78% | 26.7 | 21.4 | 0.4 | 0.91% | 3.18% |
| V | Visa Inc. | 2.65% | 34.3 | 24.0 | 17.0 | 0.67% | 2.36% |
| MA | Mastercard Incorporated | 2.44% | 34.0 | 24.2 | 15.4 | 0.56% | 2.20% |
| HD | The Home Depot, Inc. | 2.15% | 21.5 | 19.8 | 1.8 | 3.01% | 3.05% |
| APH | Amphenol Corporation | 2.09% | 39.7 | 24.6 | 6.7 | 0.63% | 1.61% |
| MU | Micron Technology, Inc. | 2.06% | 11.8 | 7.0 | 7.5 | 0.07% | 5.34% |
| TSLA | Tesla, Inc. | 1.83% | 328.4 | 158.7 | 13.5 | — | 0.17% |
| CRWD | CrowdStrike Holdings, Inc. | 1.58% | — | 208.3 | 43.1 | — | 0.01% |
| BAM | Brookfield Asset Management Inc. | 1.54% | 26.0 | 20.8 | 12.6 | 4.44% | 1.81% |
| GCP | General Electric Company | 1.45% | — | — | — | — | — |
| NFLX | Netflix, Inc. | 1.36% | 22.2 | 18.7 | 6.1 | — | 1.87% |
| JNJ | Johnson & Johnson | 1.33% | 38.8 | 21.0 | 6.2 | 2.10% | 1.05% |
| SNDK | Sandisk Corporation | 1.32% | 17.6 | 8.0 | 9.3 | — | 2.29% |
| TJX | The TJX Companies, Inc. | 1.31% | 27.3 | 24.9 | 2.6 | 1.30% | 1.47% |
| COST | Costco Wholesale Corporation | 1.31% | 47.6 | 40.3 | 1.4 | 0.59% | 0.84% |
| ABBV | AbbVie Inc. | 1.31% | 80.6 | 16.4 | 7.8 | 2.42% | 0.50% |
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 NBGX valuation
Adding up its 57 holdings with company data, NBGX trades at 29.4 times trailing earnings and 23.0 times analysts' forward estimates, with a price-to-book ratio of 9.60 and a dividend yield of 0.73%. Its earnings yield of 3.40% is 1.93 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 51.8% of the fund and earn 59.2% of its combined profit. By sector, Real Estate is the most expensive at 63.4 times earnings and Utilities the cheapest at 20.7. Companies that lost money over the past year are 2.2% 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 98.5% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: NBGX chart, NBGX performance, NBGX holdings, NBGX dividends.
NBGX valuation FAQ
What is the P/E ratio of NBGX?
Based on its holdings, NBGX has a trailing P/E of 29.4 and a forward P/E of 23.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of NBGX?
The trailing earnings yield is 3.40% (1 ÷ P/E) and the forward earnings yield 4.35%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is NBGX more expensive than the S&P 500?
NBGX trades at 29.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 23.0 and 19.9.
What is the price-to-book ratio of NBGX?
The holdings of NBGX trade at 9.60 times book value, with a combined return on equity of 32.6%.
Which sector in NBGX has the highest P/E?
Real Estate has the highest P/E at 63.4 and Utilities the lowest at 20.7.