Xtrackers Cybersecurity Select Equity ETF (PSWD) Valuation
PSWD valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 118.7 trailing earnings
- Forward P/E
- 29.7 analyst estimates
- Price / sales
- 3.49
- Price / book
- 7.18
- EV / EBITDA
- 26.7
- Earnings yield
- 0.84% inverse of P/E
- Dividend yield
- 0.22% of the holdings
- Return on equity
- 6.1% combined
- Net margin
- 2.9% combined
- Beta
- 0.79 weighted, vs S&P 500
PSWD valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| PSWD | 118.7 | 29.7 | 3.49 | 7.18 | 0.22% | 6.1% | 2.9% | 35.7% |
| 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.
PSWD valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 90.1% | 304.1 | 31.4 | 4.48 | 7.16 | 0.03% | 2.4% |
| Industrials | 5.1% | 11.7 | 16.5 | 0.81 | 7.57 | 3.18% | 64.8% |
PSWD 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 PSWD weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
PSWD largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| ZS | Zscaler, Inc. | 6.79% | — | 43.9 | 10.1 | — | −1.86% |
| RBRK | Rubrik, Inc. | 5.83% | — | 625.0 | 15.0 | — | −7.49% |
| OKTA | Okta, Inc. | 5.73% | 112.8 | 54.3 | 10.7 | — | 7.39% |
| CRWD | CrowdStrike Holdings, Inc. | 5.36% | — | 208.3 | 43.1 | — | 0.21% |
| BAH | Booz Allen Hamilton Holding Corporation | 5.09% | 11.7 | 16.5 | 0.8 | 3.18% | 63.39% |
| CACI | CACI International Inc | 5.07% | 25.4 | 17.8 | 1.4 | — | 29.03% |
| CHKP | Check Point Software Technologies Ltd. | 4.62% | 14.1 | 12.5 | 5.1 | — | 47.67% |
| PANW | Palo Alto Networks, Inc. | 4.56% | 855.0 | 94.3 | 24.4 | — | 0.78% |
| FFIV | F5, Inc. | 4.54% | 35.2 | 24.6 | 7.6 | — | 18.75% |
| FTNT | Fortinet, Inc. | 4.53% | 59.8 | 45.0 | 16.5 | — | 11.02% |
| QLYS | Qualys, Inc. | 4.51% | 31.4 | 21.9 | 9.1 | — | 20.91% |
| S | SentinelOne, Inc. | 4.35% | — | 75.2 | 6.8 | — | −29.14% |
| 4704 | Trend Micro Inc. | 3.62% | — | — | — | — | — |
| VRNS | Varonis Systems, Inc. | 3.35% | — | 140.8 | 8.1 | — | −12.21% |
| YNDX | Yandex NV | 3.21% | — | — | — | — | — |
| AKAM | Akamai Technologies, Inc. | 3.02% | 31.8 | 15.0 | 2.9 | — | 13.83% |
| BB | BlackBerry Ltd | 2.88% | — | — | — | — | — |
| TENB | Tenable Holdings, Inc. | 2.86% | 620.0 | 16.3 | 3.9 | — | 0.67% |
| CRWV | CoreWeave, Inc. | 2.60% | — | — | 4.5 | — | −18.90% |
| NTSK | Netskope, Inc. | 2.37% | — | — | 9.7 | — | −18.00% |
| FSLY | Fastly, Inc. | 2.08% | — | 47.4 | 5.2 | — | −7.13% |
| NXT | NEXTDC Ltd | 1.73% | — | — | — | — | — |
| 9698 | GDS Holdings Ltd | 1.58% | — | — | — | — | — |
| NETC | Netcompany Group A/S | 1.23% | — | — | — | — | — |
| ATEN | A10 Networks, Inc. | 1.00% | 42.2 | 23.3 | 5.7 | 0.98% | 3.44% |
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 PSWD valuation
Adding up its 30 holdings with company data, PSWD trades at 118.7 times trailing earnings and 29.7 times analysts' forward estimates, with a price-to-book ratio of 7.18 and a dividend yield of 0.22%. Its earnings yield of 0.84% is 4.48 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 52.1% of the fund and earn 168.9% of its combined profit. By sector, Technology is the most expensive at 304.1 times earnings and Industrials the cheapest at 11.7. Companies that lost money over the past year are 35.7% 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 82.5% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: PSWD chart, PSWD performance, PSWD holdings, PSWD dividends.
PSWD valuation FAQ
What is the P/E ratio of PSWD?
Based on its holdings, PSWD has a trailing P/E of 118.7 and a forward P/E of 29.7 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of PSWD?
The trailing earnings yield is 0.84% (1 ÷ P/E) and the forward earnings yield 3.37%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is PSWD more expensive than the S&P 500?
PSWD trades at 118.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 29.7 and 19.9.
What is the price-to-book ratio of PSWD?
The holdings of PSWD trade at 7.18 times book value, with a combined return on equity of 6.1%.
Which sector in PSWD has the highest P/E?
Technology has the highest P/E at 304.1 and Industrials the lowest at 11.7.