First Trust NASDAQ ABA Community Bank Index Fund (QABA) Valuation
QABA valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 13.5 trailing earnings
- Forward P/E
- 11.8 analyst estimates
- Price / sales
- 3.98
- Price / book
- 1.28
- EV / EBITDA
- 6.7
- Earnings yield
- 7.42% inverse of P/E
- Dividend yield
- 2.71% of the holdings
- Return on equity
- 9.5% combined
- Net margin
- 29.5% combined
- Beta
- 0.70 weighted, vs S&P 500
QABA valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| QABA | 13.5 | 11.8 | 3.98 | 1.28 | 2.71% | 9.5% | 29.5% | 3.1% |
| 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.
QABA valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 99.3% | 13.5 | 11.7 | 3.98 | 1.28 | 2.71% | 9.5% |
| Industrials | 0.3% | 19.7 | 18.6 | 3.26 | 2.82 | 2.34% | 14.4% |
QABA 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 QABA weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
QABA largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| WTFC | Wintrust Financial Corporation | 4.15% | 11.6 | 10.9 | 3.5 | 1.53% | 4.93% |
| CBC | Central Bancompany, Inc. | 3.44% | 18.1 | — | 7.5 | 1.44% | 2.62% |
| CBSH | Commerce Bancshares, Inc. | 3.24% | 13.6 | 13.2 | 4.3 | 1.98% | 3.26% |
| UBSI | United Bankshares, Inc. | 2.78% | 12.7 | 13.6 | 5.1 | 3.26% | 3.01% |
| HWC | Hancock Whitney Corporation | 2.53% | 14.3 | 10.1 | 4.1 | 2.74% | 2.44% |
| OZK | Bank OZK | 2.31% | 7.6 | 7.6 | 3.2 | 4.25% | 4.18% |
| EBC | Eastern Bankshares, Inc. | 2.20% | 11.9 | 9.7 | 4.4 | 2.63% | 2.54% |
| TFSL | TFS Financial Corporation | 1.97% | 45.4 | 76.9 | 13.2 | 7.78% | 0.60% |
| CATY | Cathay General Bancorp | 1.78% | 11.7 | 10.1 | 5.0 | 2.54% | 2.10% |
| FULT | Fulton Financial Corporation | 1.78% | 10.8 | 10.2 | 3.2 | 3.39% | 2.28% |
| FFIN | First Financial Bankshares, Inc. | 1.74% | 16.3 | 24.6 | 6.5 | 2.89% | 1.47% |
| CVBF | CVB Financial Corp. | 1.73% | 15.3 | 11.5 | 6.7 | 3.66% | 1.56% |
| WSFS | WSFS Financial Corporation | 1.73% | 12.8 | 11.1 | 3.6 | 1.05% | 1.86% |
| BANF | BancFirst Corporation | 1.65% | 14.7 | 19.0 | 5.1 | 1.91% | 1.55% |
| WSBC | WesBanco, Inc. | 1.63% | 10.7 | 9.8 | 3.4 | 4.08% | 2.09% |
| INDB | Independent Bank Corp. | 1.57% | 11.8 | 9.5 | 3.8 | 3.20% | 1.84% |
| FIBK | First Interstate BancSystem, Inc. | 1.49% | 10.8 | 12.2 | 3.1 | 5.40% | 1.91% |
| HMST | HomeStreet Inc | 1.45% | — | — | — | — | — |
| SFNC | Simmons First National Corporation | 1.42% | — | 9.5 | 3.4 | 3.90% | −2.13% |
| TOWN | TowneBank | 1.39% | 17.8 | 12.5 | 2.9 | 3.10% | 1.08% |
| SBCF | Seacoast Banking Corporation of Florida | 1.37% | 21.0 | 16.9 | 4.6 | 2.34% | 0.90% |
| FFBC | First Financial Bancorp. | 1.36% | 11.1 | 8.9 | 3.5 | 3.21% | 1.68% |
| CLBK | Columbia Financial, Inc. | 1.29% | 18.4 | 72.5 | 10.8 | 1.88% | 0.96% |
| FHB | First Hawaiian, Inc. | 1.28% | 10.8 | 12.2 | 3.4 | 4.17% | 1.62% |
| FBNC | First Bancorp | 1.13% | 18.7 | 14.6 | 6.1 | 1.59% | 0.83% |
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 QABA valuation
Adding up its 155 holdings with company data, QABA trades at 13.5 times trailing earnings and 11.8 times analysts' forward estimates, with a price-to-book ratio of 1.28 and a dividend yield of 2.71%. Its earnings yield of 7.42% is 2.09 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 26.2% of the fund and earn 28.0% of its combined profit. By sector, Industrials is the most expensive at 19.7 times earnings and Financial Services the cheapest at 13.5. Companies that lost money over the past year are 3.1% 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 98.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: QABA chart, QABA performance, QABA holdings, QABA dividends.
QABA valuation FAQ
What is the P/E ratio of QABA?
Based on its holdings, QABA has a trailing P/E of 13.5 and a forward P/E of 11.8 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of QABA?
The trailing earnings yield is 7.42% (1 ÷ P/E) and the forward earnings yield 8.50%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is QABA more expensive than the S&P 500?
QABA trades at 13.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 11.8 and 19.9.
What is the price-to-book ratio of QABA?
The holdings of QABA trade at 1.28 times book value, with a combined return on equity of 9.5%.
Which sector in QABA has the highest P/E?
Industrials has the highest P/E at 19.7 and Financial Services the lowest at 13.5.