Amplify Natural Resources Dividend Income ETF (NDIV) Valuation
NDIV valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 52.8 trailing earnings
- Forward P/E
- 10.8 analyst estimates
- Price / sales
- 0.56
- Price / book
- 1.66
- EV / EBITDA
- 8.1
- Earnings yield
- 1.89% inverse of P/E
- Dividend yield
- 6.18% of the holdings
- Return on equity
- 3.1% combined
- Net margin
- 1.1% combined
- Beta
- 0.67 weighted, vs S&P 500
NDIV valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| NDIV | 52.8 | 10.8 | 0.56 | 1.66 | 6.18% | 3.1% | 1.1% | 23.9% |
| 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.
NDIV valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Energy | 60.8% | 27.1 | 10.5 | 0.59 | 1.90 | 6.78% | 7.0% |
| Basic Materials | 30.9% | n/m | 11.2 | 0.50 | 1.34 | 5.04% | −2.0% |
NDIV 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 NDIV weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
NDIV largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| DOW | Dow Inc. | 5.37% | — | 14.1 | 0.5 | 4.68% | −20.51% |
| NE | Noble Corporation | 5.29% | 46.9 | 21.0 | 2.4 | 4.54% | 7.01% |
| SOBO | South Bow Corporation | 5.27% | 15.8 | 17.5 | 3.6 | 5.77% | 20.76% |
| NOG | Northern Oil and Gas, Inc. | 5.27% | — | 4.6 | 1.4 | 6.63% | −58.43% |
| ENB | Enbridge Inc | 5.07% | — | — | — | — | — |
| EMN | Eastman Chemical Company | 5.05% | 16.3 | 9.2 | 0.8 | 5.39% | 19.28% |
| OLN | Olin Corporation | 5.02% | — | 25.8 | 0.3 | 5.11% | −34.47% |
| VNOM | Viper Energy Partners LP | 5.01% | — | 13.7 | 8.4 | 5.44% | 0.14% |
| PBR | Petróleo Brasileiro S.A. - Petrobras | 5.01% | 6.6 | 5.4 | 0.3 | 5.50% | 47.41% |
| SLVM | Sylvamo Corporation | 4.90% | 17.4 | 7.1 | 0.4 | 5.49% | 17.47% |
| KNTK | Kinetik Holdings Inc. | 4.90% | 19.3 | 21.4 | 5.0 | 5.86% | 15.75% |
| FLNG | FLEX LNG Ltd. | 4.63% | 15.2 | 12.4 | 4.2 | 10.63% | 18.94% |
| MOS | The Mosaic Company | 4.61% | — | 9.4 | 0.5 | 4.68% | −30.62% |
| SUNC | SunocoCorp LLC | 4.58% | 25.9 | — | 0.1 | 5.54% | 10.99% |
| AU | AngloGold Ashanti Limited | 4.26% | 12.4 | 14.5 | 4.0 | 4.87% | 21.28% |
| KRP | Kimbell Royalty Partners, LP | 1.79% | 19.2 | 13.7 | 6.1 | 9.83% | 5.79% |
| UAN | CVR Partners LP | 1.70% | — | — | — | — | — |
| DMLP | Dorchester Minerals, L.P. | 1.69% | 17.4 | 20.8 | 8.0 | 10.51% | 6.03% |
| ARLP | Alliance Resource Partners, L.P. | 1.45% | 12.6 | 9.0 | 1.5 | 9.33% | 7.18% |
| HESM | Hess Midstream LP | 1.30% | 10.6 | 9.9 | 3.9 | 10.07% | 7.65% |
| BSM | Black Stone Minerals, L.P. | 1.17% | 12.5 | 12.3 | 7.5 | 8.12% | 5.80% |
| WES | Western Midstream Partners, LP | 1.13% | 14.1 | 11.3 | 4.3 | 8.34% | 4.97% |
| DKL | Delek Logistics Partners, LP | 1.09% | 19.9 | 10.3 | 2.8 | 7.86% | 3.40% |
| MPLX | MPLX LP | 1.07% | 12.5 | 12.2 | 4.9 | 7.40% | 5.31% |
| PAA | Plains All American Pipeline, L.P. | 1.03% | 21.8 | 13.1 | 0.3 | 6.61% | 2.93% |
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 NDIV valuation
Adding up its 28 holdings with company data, NDIV trades at 52.8 times trailing earnings and 10.8 times analysts' forward estimates, with a price-to-book ratio of 1.66 and a dividend yield of 6.18%. Its earnings yield of 1.89% is 3.43 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 51.3% of the fund and earn 14.4% of its combined profit. Companies that lost money over the past year are 23.9% 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 92.5% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: NDIV chart, NDIV performance, NDIV holdings, NDIV dividends.
NDIV valuation FAQ
What is the P/E ratio of NDIV?
Based on its holdings, NDIV has a trailing P/E of 52.8 and a forward P/E of 10.8 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of NDIV?
The trailing earnings yield is 1.89% (1 ÷ P/E) and the forward earnings yield 9.29%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is NDIV more expensive than the S&P 500?
NDIV trades at 52.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 10.8 and 19.9.
What is the price-to-book ratio of NDIV?
The holdings of NDIV trade at 1.66 times book value, with a combined return on equity of 3.1%.