Nuveen ESG Large-Cap Growth ETF (NULG) Valuation
NULG valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 37.7 trailing earnings
- Forward P/E
- 25.4 analyst estimates
- Price / sales
- 5.97
- Price / book
- 12.96
- EV / EBITDA
- 24.4
- Earnings yield
- 2.65% inverse of P/E
- Dividend yield
- 0.50% of the holdings
- Return on equity
- 34.4% combined
- Net margin
- 15.8% combined
- Beta
- 1.44 weighted, vs S&P 500
NULG valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| NULG | 37.7 | 25.4 | 5.97 | 12.96 | 0.50% | 34.4% | 15.8% | 2.0% |
| 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.
NULG valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 49.2% | 39.5 | 27.6 | 14.79 | 16.94 | 0.36% | 42.9% |
| Consumer Cyclical | 13.4% | 29.3 | 20.0 | 2.69 | 11.40 | 0.53% | 38.9% |
| Industrials | 10.5% | 35.4 | 24.5 | 3.76 | 10.34 | 0.86% | 29.2% |
| Healthcare | 10.2% | 35.0 | 24.0 | 3.86 | 11.07 | 0.38% | 31.6% |
| Communication Services | 5.8% | 54.9 | 22.5 | 4.46 | 10.04 | 0.00% | 18.3% |
| Financial Services | 5.6% | 32.7 | 22.8 | 9.64 | 17.73 | 0.71% | 54.3% |
| Real Estate | 2.9% | 89.2 | 67.5 | 8.99 | 5.07 | 1.90% | 5.7% |
| Basic Materials | 2.3% | 34.4 | 26.4 | 3.94 | 11.23 | 0.98% | 32.7% |
| Consumer Defensive | 0.8% | 209.1 | 29.8 | 2.52 | 9.39 | 1.34% | 4.5% |
NULG 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 NULG weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
NULG largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 16.95% | 27.1 | 24.9 | 17.1 | 0.47% | 23.52% |
| AVGO | Broadcom Inc. | 5.76% | 43.3 | 19.4 | 17.6 | 0.79% | 4.99% |
| LLY | Eli Lilly and Company | 4.58% | 42.2 | 24.4 | 14.1 | 0.55% | 4.07% |
| AMD | Advanced Micro Devices, Inc. | 3.95% | 134.9 | 39.5 | 20.9 | — | 1.10% |
| V | Visa Inc. | 3.55% | 34.3 | 24.0 | 17.0 | 0.67% | 3.90% |
| PANW | Palo Alto Networks, Inc. | 2.10% | 855.0 | 94.3 | 24.4 | — | 0.09% |
| CAT | Caterpillar Inc. | 2.01% | 31.5 | 25.4 | 4.5 | 0.89% | 2.40% |
| AMAT | Applied Materials, Inc. | 2.01% | 35.3 | 23.4 | 10.5 | 0.52% | 2.14% |
| LRCX | Lam Research Corporation | 2.00% | 45.8 | 33.7 | 14.2 | 0.50% | 1.64% |
| FTNT | Fortinet, Inc. | 1.83% | 59.8 | 45.0 | 16.5 | — | 1.15% |
| NFLX | Netflix, Inc. | 1.78% | 22.2 | 18.7 | 6.1 | — | 3.02% |
| WELL | Welltower Inc. | 1.77% | 105.3 | 78.1 | 13.3 | 1.45% | 0.63% |
| TJX | The TJX Companies, Inc. | 1.72% | 27.3 | 24.9 | 2.6 | 1.30% | 2.37% |
| NOW | ServiceNow, Inc. | 1.70% | 88.7 | 27.8 | 10.0 | — | 0.72% |
| STX | Seagate Technology Holdings plc | 1.57% | 46.0 | 25.7 | 11.9 | 0.46% | 1.28% |
| MELI | MercadoLibre, Inc. | 1.55% | 50.5 | 32.8 | 2.6 | — | 1.16% |
| ROST | Ross Stores, Inc. | 1.55% | 28.6 | 27.4 | 3.1 | 0.75% | 2.03% |
| MCO | Moody's Corporation | 1.52% | 30.8 | 24.3 | 10.3 | 0.85% | 1.85% |
| TT | Trane Technologies plc | 1.50% | 34.2 | 25.2 | 4.5 | 0.92% | 1.65% |
| CDNS | Cadence Design Systems, Inc. | 1.47% | 63.5 | 31.5 | 15.1 | — | 0.87% |
| DDOG | Datadog, Inc. | 1.43% | 494.2 | 84.7 | 22.4 | — | 0.11% |
| VRTX | Vertex Pharmaceuticals Incorporated | 1.43% | 28.9 | 24.1 | 10.1 | — | 1.85% |
| CMI | Cummins Inc. | 1.42% | 27.2 | 15.4 | 2.1 | 1.66% | 1.97% |
| ADI | Analog Devices, Inc. | 1.41% | 47.0 | 23.2 | 13.8 | 1.11% | 1.12% |
| EBAY | eBay Inc. | 1.40% | 25.3 | 16.6 | 4.5 | 1.03% | 2.08% |
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 NULG valuation
Adding up its 75 holdings with company data, NULG trades at 37.7 times trailing earnings and 25.4 times analysts' forward estimates, with a price-to-book ratio of 12.96 and a dividend yield of 0.50%. Its earnings yield of 2.65% is 2.67 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 44.7% of the fund and earn 45.0% of its combined profit. By sector, Consumer Defensive is the most expensive at 209.1 times earnings and Consumer Cyclical the cheapest at 29.3. Companies that lost money over the past year are 2.0% 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 99.8% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: NULG chart, NULG performance, NULG holdings, NULG dividends.
NULG valuation FAQ
What is the P/E ratio of NULG?
Based on its holdings, NULG has a trailing P/E of 37.7 and a forward P/E of 25.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of NULG?
The trailing earnings yield is 2.65% (1 ÷ P/E) and the forward earnings yield 3.94%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is NULG more expensive than the S&P 500?
NULG trades at 37.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 25.4 and 19.9.
What is the price-to-book ratio of NULG?
The holdings of NULG trade at 12.96 times book value, with a combined return on equity of 34.4%.
Which sector in NULG has the highest P/E?
Consumer Defensive has the highest P/E at 209.1 and Consumer Cyclical the lowest at 29.3.