Northern Lights Fund Trust IV (PTL) Valuation
PTL valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 32.0 trailing earnings
- Forward P/E
- 19.1 analyst estimates
- Price / sales
- 2.98
- Price / book
- 4.39
- EV / EBITDA
- 15.4
- Earnings yield
- 3.13% inverse of P/E
- Dividend yield
- 1.30% of the holdings
- Return on equity
- 13.7% combined
- Net margin
- 9.3% combined
- Beta
- 1.13 weighted, vs S&P 500
PTL valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| PTL | 32.0 | 19.1 | 2.98 | 4.39 | 1.30% | 13.7% | 9.3% | 6.2% |
| 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.
PTL valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 29.7% | 66.9 | 23.0 | 8.03 | 11.67 | 0.49% | 17.4% |
| Industrials | 17.7% | 30.2 | 21.9 | 2.76 | 6.26 | 1.06% | 20.7% |
| Energy | 11.4% | 18.8 | 13.3 | 2.04 | 2.33 | 2.17% | 12.4% |
| Financial Services | 8.1% | 18.5 | 14.8 | 2.04 | 2.36 | 1.36% | 12.8% |
| Consumer Cyclical | 6.2% | 25.0 | 18.0 | 1.35 | 5.22 | 1.58% | 20.9% |
| Healthcare | 6.1% | 74.6 | 21.5 | 3.83 | 5.69 | 0.19% | 7.6% |
| Real Estate | 5.6% | 34.9 | 34.2 | 7.86 | 2.96 | 3.70% | 8.5% |
| Basic Materials | 5.6% | 29.8 | 17.7 | 2.95 | 3.90 | 1.54% | 13.1% |
| Utilities | 4.7% | 19.5 | 15.4 | 2.71 | 2.25 | 2.99% | 11.6% |
| Consumer Defensive | 1.8% | 25.9 | 14.3 | 0.71 | 2.31 | 2.65% | 8.9% |
| Communication Services | 1.1% | 97.5 | 12.5 | 4.73 | 4.13 | 0.58% | 4.2% |
PTL 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 PTL weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
PTL largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AVGO | Broadcom Inc. | 9.81% | 43.3 | 19.4 | 17.6 | 0.79% | 7.47% |
| XOM | Exxon Mobil Corporation | 4.51% | 23.0 | 14.8 | 2.0 | 2.30% | 6.45% |
| PLTR | Palantir Technologies Inc. | 2.54% | 160.4 | 85.5 | 72.6 | — | 0.52% |
| HD | The Home Depot, Inc. | 2.02% | 21.5 | 19.8 | 1.8 | 3.01% | 3.09% |
| GCP | General Electric Company | 1.93% | — | — | — | — | — |
| CAT | Caterpillar Inc. | 1.83% | 31.5 | 25.4 | 4.5 | 0.89% | 1.92% |
| GEV | GE Vernova Inc. | 1.33% | 26.4 | 38.8 | 5.9 | 0.22% | 1.66% |
| LIN | Linde plc | 1.31% | 32.2 | 23.6 | 6.5 | 1.28% | 1.34% |
| ANET | Arista Networks, Inc. | 1.26% | 55.8 | 39.2 | 21.2 | — | 0.74% |
| KLAC | KLA Corporation | 1.11% | 45.3 | 34.8 | 15.9 | 0.56% | 0.81% |
| NEE | NextEra Energy, Inc. | 1.08% | 17.9 | 17.7 | 5.8 | 3.12% | 1.98% |
| APH | Amphenol Corporation | 1.05% | 39.7 | 24.6 | 6.7 | 0.63% | 0.88% |
| WELL | Welltower Inc. | 1.05% | 105.3 | 78.1 | 13.3 | 1.45% | 0.33% |
| SNDK | Sandisk Corporation | 1.04% | 17.6 | 8.0 | 9.3 | — | 1.95% |
| MRVL | Marvell Technology, Inc. | 0.98% | 72.3 | 62.1 | 21.7 | 0.11% | 0.45% |
| SCCO | Southern Copper Corporation | 0.94% | 29.9 | 28.1 | 10.7 | 2.19% | 1.03% |
| IBKR | Interactive Brokers Group, Inc. | 0.89% | 31.6 | 28.2 | 20.0 | 0.42% | 0.93% |
| PGR | The Progressive Corporation | 0.81% | 11.0 | 12.7 | 1.4 | 0.18% | 2.44% |
| WDC | Western Digital Corporation | 0.73% | 12.3 | 22.8 | 9.6 | 0.18% | 1.97% |
| ADP | Automatic Data Processing, Inc. | 0.73% | 26.4 | 22.0 | 5.2 | 2.35% | 0.91% |
| VLO | Valero Energy Corporation | 0.71% | 18.5 | 10.2 | 1.0 | 1.08% | 1.26% |
| FTNT | Fortinet, Inc. | 0.68% | 59.8 | 45.0 | 16.5 | — | 0.37% |
| PH | Parker-Hannifin Corporation | 0.67% | 33.8 | 27.5 | 5.7 | 0.83% | 0.66% |
| SNOW | Snowflake Inc. | 0.63% | — | 169.5 | 19.9 | — | −0.22% |
| WM | Waste Management, Inc. | 0.62% | 32.1 | 22.5 | 3.5 | 1.67% | 0.64% |
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 PTL valuation
Adding up its 482 holdings with company data, PTL trades at 32.0 times trailing earnings and 19.1 times analysts' forward estimates, with a price-to-book ratio of 4.39 and a dividend yield of 1.30%. Its earnings yield of 3.13% is 2.20 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 27.6% of the fund and earn 26.0% of its combined profit. By sector, Communication Services is the most expensive at 97.5 times earnings and Financial Services the cheapest at 18.5. Companies that lost money over the past year are 6.2% 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 96.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: PTL chart, PTL performance, PTL holdings, PTL dividends.
PTL valuation FAQ
What is the P/E ratio of PTL?
Based on its holdings, PTL has a trailing P/E of 32.0 and a forward P/E of 19.1 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of PTL?
The trailing earnings yield is 3.13% (1 ÷ P/E) and the forward earnings yield 5.24%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is PTL more expensive than the S&P 500?
PTL trades at 32.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.1 and 19.9.
What is the price-to-book ratio of PTL?
The holdings of PTL trade at 4.39 times book value, with a combined return on equity of 13.7%.
Which sector in PTL has the highest P/E?
Communication Services has the highest P/E at 97.5 and Financial Services the lowest at 18.5.