Tidal ETF (NRSH) Valuation
NRSH valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 34.1 trailing earnings
- Forward P/E
- 20.6 analyst estimates
- Price / sales
- 2.86
- Price / book
- 7.92
- EV / EBITDA
- 22.5
- Earnings yield
- 2.93% inverse of P/E
- Dividend yield
- 0.60% of the holdings
- Return on equity
- 23.2% combined
- Net margin
- 8.4% combined
- Beta
- 1.34 weighted, vs S&P 500
NRSH valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| NRSH | 34.1 | 20.6 | 2.86 | 7.92 | 0.60% | 23.2% | 8.4% | 0.0% |
| 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.
NRSH valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Industrials | 56.6% | 29.3 | 22.5 | 2.22 | 6.01 | 0.57% | 20.5% |
| Technology | 38.6% | 41.7 | 18.7 | 3.81 | 11.98 | 0.15% | 28.7% |
| Real Estate | 3.7% | 33.4 | 21.2 | 8.41 | 8.86 | 5.17% | 26.5% |
NRSH 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 NRSH weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
NRSH largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| QLYS | Qualys, Inc. | 4.93% | 31.4 | 21.9 | 9.1 | — | 6.84% |
| TENB | Tenable Holdings, Inc. | 4.89% | 620.0 | 16.3 | 3.9 | — | 0.34% |
| MTL | Mullen Group Ltd. | 4.61% | — | — | — | — | — |
| CRWD | CrowdStrike Holdings, Inc. | 3.92% | — | 208.3 | 43.1 | — | 0.05% |
| CCI | Crown Castle Inc. | 3.75% | 33.4 | 21.2 | 8.4 | 5.17% | 4.88% |
| LECO | Lincoln Electric Holdings, Inc. | 3.64% | 26.2 | 21.2 | 3.2 | 1.33% | 6.06% |
| NTAP | NetApp, Inc. | 3.57% | 28.7 | 21.4 | 5.4 | 1.02% | 5.41% |
| ROK | Rockwell Automation, Inc. | 3.56% | 39.9 | 29.8 | 5.3 | 1.30% | 3.88% |
| PINFRA | Promotora y Operadora de Infraestructura S. A. B. de C. V | 3.54% | — | — | — | — | — |
| ZWS | Zurn Elkay Water Solutions Corporation | 3.53% | 29.2 | 22.9 | 4.4 | 0.94% | 5.26% |
| ON | ON Semiconductor Corporation | 3.44% | 46.5 | 16.5 | 4.5 | — | 3.22% |
| EXTR | Extreme Networks, Inc. | 3.35% | 70.1 | 16.2 | 2.2 | — | 2.08% |
| CMC | Commercial Metals Company | 3.28% | 11.1 | 10.4 | 0.8 | 1.23% | 12.87% |
| TFII | TFI International Inc | 3.21% | — | — | — | — | — |
| COMM | CommScope Holding Co Inc | 3.14% | — | — | — | — | — |
| MDA | MDA Ltd | 3.10% | — | — | — | — | — |
| CIEN | Ciena Corporation | 3.10% | 74.4 | 39.8 | 7.8 | — | 1.81% |
| SPW0 | SPX TECHNOLOGIES DL 10 | 3.08% | — | — | — | — | — |
| MU | Micron Technology, Inc. | 3.05% | 11.8 | 7.0 | 7.5 | 0.07% | 11.22% |
| BWXT | BWX Technologies, Inc. | 2.98% | 35.5 | 27.0 | 3.6 | 0.77% | 3.65% |
| HWM | Howmet Aerospace Inc. | 2.96% | 47.6 | 36.0 | 9.7 | 0.25% | 2.71% |
| ATI | ATI Inc. | 2.96% | 54.4 | 28.8 | 5.4 | — | 2.37% |
| PWR | Quanta Services, Inc. | 2.88% | 72.4 | 33.0 | 2.9 | 0.07% | 1.73% |
| JBHT | J.B. Hunt Transport Services, Inc. | 2.87% | 32.3 | 23.9 | 1.7 | 0.76% | 3.87% |
| ATRO | Astronics Corporation | 2.81% | 33.6 | 27.2 | 2.8 | — | 3.63% |
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 NRSH valuation
Adding up its 24 holdings with company data, NRSH trades at 34.1 times trailing earnings and 20.6 times analysts' forward estimates, with a price-to-book ratio of 7.92 and a dividend yield of 0.60%. Its earnings yield of 2.93% is 2.39 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 39.9% of the fund and earn 38.0% of its combined profit. By sector, Technology is the most expensive at 41.7 times earnings and Industrials the cheapest at 29.3. Companies that lost money over the past year are 0.0% 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 79.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: NRSH chart, NRSH performance, NRSH holdings, NRSH dividends.
NRSH valuation FAQ
What is the P/E ratio of NRSH?
Based on its holdings, NRSH has a trailing P/E of 34.1 and a forward P/E of 20.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of NRSH?
The trailing earnings yield is 2.93% (1 ÷ P/E) and the forward earnings yield 4.86%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is NRSH more expensive than the S&P 500?
NRSH trades at 34.1 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 20.6 and 19.9.
What is the price-to-book ratio of NRSH?
The holdings of NRSH trade at 7.92 times book value, with a combined return on equity of 23.2%.
Which sector in NRSH has the highest P/E?
Technology has the highest P/E at 41.7 and Industrials the lowest at 29.3.