Nelson Select ETF (NELS) Valuation
NELS valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 26.4 trailing earnings
- Forward P/E
- 19.6 analyst estimates
- Price / sales
- 2.97
- Price / book
- 5.95
- EV / EBITDA
- 18.0
- Earnings yield
- 3.79% inverse of P/E
- Dividend yield
- 0.93% of the holdings
- Return on equity
- 22.6% combined
- Net margin
- 11.3% combined
- Beta
- 1.12 weighted, vs S&P 500
NELS valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| NELS | 26.4 | 19.6 | 2.97 | 5.95 | 0.93% | 22.6% | 11.3% | 1.7% |
| 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.
NELS valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 39.4% | 32.5 | 23.6 | 6.21 | 13.38 | 0.49% | 41.2% |
| Financial Services | 11.4% | 15.8 | 14.0 | 3.10 | 2.28 | 1.45% | 14.5% |
| Healthcare | 10.3% | 44.8 | 19.3 | 1.50 | 8.23 | 1.46% | 18.4% |
| Communication Services | 10.2% | 18.9 | 19.9 | 5.26 | 4.68 | 0.57% | 24.8% |
| Consumer Cyclical | 9.3% | 23.6 | 18.6 | 1.49 | 4.96 | 0.69% | 21.0% |
| Industrials | 6.4% | 29.3 | 21.5 | 2.56 | 7.11 | 1.09% | 24.3% |
| Consumer Defensive | 4.7% | 30.9 | 19.8 | 1.71 | 6.37 | 2.34% | 20.6% |
| Energy | 4.2% | 21.9 | 12.0 | 1.89 | 4.02 | 1.80% | 18.4% |
| Basic Materials | 1.8% | 27.9 | 16.8 | 3.09 | 4.02 | 1.04% | 14.4% |
| Real Estate | 0.9% | 79.2 | 62.5 | 11.29 | 4.79 | 1.77% | 6.0% |
NELS 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 NELS weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
NELS largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 8.00% | 39.4 | 35.2 | 10.7 | 0.31% | 5.43% |
| NVDA | NVIDIA Corporation | 7.81% | 27.1 | 24.9 | 17.1 | 0.47% | 7.72% |
| MSFT | Microsoft Corporation | 6.23% | 29.5 | 25.1 | 11.8 | 0.74% | 5.66% |
| GOOGL | Alphabet Inc. | 5.07% | 17.1 | 22.8 | 9.3 | 0.26% | 7.94% |
| AMZN | Amazon.com, Inc. | 3.88% | 20.1 | 23.6 | 3.5 | — | 5.17% |
| META | Meta Platforms, Inc. | 3.09% | 26.7 | 22.1 | 7.9 | 0.30% | 3.09% |
| AVGO | Broadcom Inc. | 2.31% | 43.3 | 19.4 | 17.6 | 0.79% | 1.43% |
| JPM | JPMorgan Chase & Co. | 2.02% | 14.2 | 13.5 | 4.7 | 1.94% | 3.79% |
| LLY | Eli Lilly and Company | 1.59% | 42.2 | 24.4 | 14.1 | 0.55% | 1.01% |
| MU | Micron Technology, Inc. | 1.53% | 11.8 | 7.0 | 7.5 | 0.07% | 3.46% |
| ABBV | AbbVie Inc. | 1.43% | 80.6 | 16.4 | 7.8 | 2.42% | 0.47% |
| V | Visa Inc. | 1.41% | 34.3 | 24.0 | 17.0 | 0.67% | 1.10% |
| AMD | Advanced Micro Devices, Inc. | 1.27% | 134.9 | 39.5 | 20.9 | — | 0.25% |
| KO | The Coca-Cola Company | 1.23% | 28.2 | 25.3 | 8.1 | 2.26% | 1.17% |
| CB | Chubb Limited | 1.21% | 12.7 | 11.6 | 2.2 | 1.13% | 2.54% |
| XOM | Exxon Mobil Corporation | 1.15% | 23.0 | 14.8 | 2.0 | 2.30% | 1.34% |
| CL | Colgate-Palmolive Company | 1.14% | 37.1 | 21.0 | 3.6 | 2.25% | 0.82% |
| DIS | The Walt Disney Company | 1.12% | 22.8 | 13.8 | 1.9 | 1.36% | 1.32% |
| ULTA | Ulta Beauty, Inc. | 1.11% | 21.6 | 19.6 | 2.0 | — | 1.37% |
| BRK.B | Berkshire Hathaway Inc. | 1.10% | 13.4 | 22.7 | 3.0 | — | 2.20% |
| JNJ | Johnson & Johnson | 1.09% | 38.8 | 21.0 | 6.2 | 2.10% | 0.76% |
| ADI | Analog Devices, Inc. | 1.09% | 47.0 | 23.2 | 13.8 | 1.11% | 0.62% |
| UNH | UnitedHealth Group Incorporated | 1.07% | 25.8 | 16.6 | 0.8 | 2.31% | 1.11% |
| ROST | Ross Stores, Inc. | 1.07% | 28.6 | 27.4 | 3.1 | 0.75% | 1.00% |
| MA | Mastercard Incorporated | 1.06% | 34.0 | 24.2 | 15.4 | 0.56% | 0.84% |
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 NELS valuation
Adding up its 84 holdings with company data, NELS trades at 26.4 times trailing earnings and 19.6 times analysts' forward estimates, with a price-to-book ratio of 5.95 and a dividend yield of 0.93%. Its earnings yield of 3.79% is 1.54 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 41.5% of the fund and earn 44.7% of its combined profit. By sector, Real Estate is the most expensive at 79.2 times earnings and Financial Services the cheapest at 15.8. Companies that lost money over the past year are 1.7% 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 97.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: NELS chart, NELS performance, NELS holdings.
NELS valuation FAQ
What is the P/E ratio of NELS?
Based on its holdings, NELS has a trailing P/E of 26.4 and a forward P/E of 19.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of NELS?
The trailing earnings yield is 3.79% (1 ÷ P/E) and the forward earnings yield 5.10%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is NELS more expensive than the S&P 500?
NELS trades at 26.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.6 and 19.9.
What is the price-to-book ratio of NELS?
The holdings of NELS trade at 5.95 times book value, with a combined return on equity of 22.6%.
Which sector in NELS has the highest P/E?
Real Estate has the highest P/E at 79.2 and Financial Services the lowest at 15.8.