Pictet AI & Automation ETF (PBOT) Valuation
PBOT valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 50.5 trailing earnings
- Forward P/E
- 31.6 analyst estimates
- Price / sales
- 4.52
- Price / book
- 11.79
- EV / EBITDA
- 30.6
- Earnings yield
- 1.98% inverse of P/E
- Dividend yield
- 0.31% of the holdings
- Return on equity
- 23.4% combined
- Net margin
- 8.9% combined
- Beta
- 1.37 weighted, vs S&P 500
PBOT valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| PBOT | 50.5 | 31.6 | 4.52 | 11.79 | 0.31% | 23.4% | 8.9% | 17.3% |
| 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.
PBOT valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 88.0% | 61.5 | 33.0 | 4.26 | 12.68 | 0.31% | 20.6% |
| Communication Services | 9.2% | 20.7 | 23.2 | 8.14 | 7.48 | 0.23% | 36.1% |
| Real Estate | 0.5% | 80.4 | 58.5 | 4.43 | 1,516.51 | 3.07% | 1,887.0% |
| Healthcare | 0.4% | 48.9 | 33.3 | 13.66 | 7.82 | 0.00% | 16.0% |
PBOT 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 PBOT weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
PBOT largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| TSM | Taiwan Semiconductor Manufacturing Company Limited | 5.06% | 26.7 | 21.4 | 0.4 | 0.91% | 11.49% |
| GOOGL | Alphabet Inc. | 4.98% | 17.1 | 22.8 | 9.3 | 0.26% | 17.71% |
| SNOW | Snowflake Inc. | 4.69% | — | 169.5 | 19.9 | — | −2.95% |
| PANW | Palo Alto Networks, Inc. | 4.22% | 855.0 | 94.3 | 24.4 | — | 0.30% |
| AVGO | Broadcom Inc. | 4.13% | 43.3 | 19.4 | 17.6 | 0.79% | 5.79% |
| CRWD | CrowdStrike Holdings, Inc. | 3.92% | — | 208.3 | 43.1 | — | 0.06% |
| NVDA | NVIDIA Corporation | 3.91% | 27.1 | 24.9 | 17.1 | 0.47% | 8.78% |
| NET | Cloudflare, Inc. | 3.62% | — | 178.6 | 42.0 | — | −0.39% |
| AMAT | Applied Materials, Inc. | 3.42% | 35.3 | 23.4 | 10.5 | 0.52% | 5.88% |
| NOW | ServiceNow, Inc. | 3.28% | 88.7 | 27.8 | 10.0 | — | 2.24% |
| ASML | ASML Holding N.V. | 3.15% | — | — | — | — | — |
| MSFT | Microsoft Corporation | 3.10% | 29.5 | 25.1 | 11.8 | 0.74% | 6.38% |
| CRM | Salesforce, Inc. | 2.97% | 22.0 | 14.0 | 4.5 | 0.73% | 8.20% |
| FTNT | Fortinet, Inc. | 2.84% | 59.8 | 45.0 | 16.5 | — | 2.89% |
| OKTA | Okta, Inc. | 2.76% | 112.8 | 54.3 | 10.7 | — | 1.48% |
| SSNLF | Samsung Electronics Co Ltd | 2.75% | — | — | — | — | — |
| AMD | Advanced Micro Devices, Inc. | 2.66% | 134.9 | 39.5 | 20.9 | — | 1.20% |
| META | Meta Platforms, Inc. | 2.62% | 26.7 | 22.1 | 7.9 | 0.30% | 5.96% |
| KLAC | KLA Corporation | 2.56% | 45.3 | 34.8 | 15.9 | 0.56% | 3.44% |
| MRVL | Marvell Technology, Inc. | 2.36% | 72.3 | 62.1 | 21.7 | 0.11% | 1.98% |
| ZS | Zscaler, Inc. | 2.33% | — | 43.9 | 10.1 | — | −0.27% |
| FFIV | F5, Inc. | 2.27% | 35.2 | 24.6 | 7.6 | — | 3.91% |
| GTLB | GitLab Inc. | 2.19% | — | 55.2 | 8.3 | — | −0.80% |
| 000660 | SK Hynix Inc | 1.89% | — | — | — | — | — |
| IFX | Infineon Technologies AG | 1.88% | — | — | — | — | — |
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 PBOT valuation
Adding up its 36 holdings with company data, PBOT trades at 50.5 times trailing earnings and 31.6 times analysts' forward estimates, with a price-to-book ratio of 11.79 and a dividend yield of 0.31%. Its earnings yield of 1.98% is 3.35 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 41.2% of the fund and earn 48.9% of its combined profit. By sector, Real Estate is the most expensive at 80.4 times earnings and Communication Services the cheapest at 20.7. Companies that lost money over the past year are 17.3% 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 84.7% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: PBOT chart, PBOT performance, PBOT holdings, PBOT dividends.
PBOT valuation FAQ
What is the P/E ratio of PBOT?
Based on its holdings, PBOT has a trailing P/E of 50.5 and a forward P/E of 31.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of PBOT?
The trailing earnings yield is 1.98% (1 ÷ P/E) and the forward earnings yield 3.16%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is PBOT more expensive than the S&P 500?
PBOT trades at 50.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 31.6 and 19.9.
What is the price-to-book ratio of PBOT?
The holdings of PBOT trade at 11.79 times book value, with a combined return on equity of 23.4%.
Which sector in PBOT has the highest P/E?
Real Estate has the highest P/E at 80.4 and Communication Services the lowest at 20.7.