Xtrackers Russell 1000 US Quality at a… (QARP) Valuation
QARP valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 21.8 trailing earnings
- Forward P/E
- 17.4 analyst estimates
- Price / sales
- 1.92
- Price / book
- 4.52
- EV / EBITDA
- 13.8
- Earnings yield
- 4.59% inverse of P/E
- Dividend yield
- 1.30% of the holdings
- Return on equity
- 20.7% combined
- Net margin
- 8.8% combined
- Beta
- 0.90 weighted, vs S&P 500
QARP valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| QARP | 21.8 | 17.4 | 1.92 | 4.52 | 1.30% | 20.7% | 8.8% | 0.9% |
| 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.
QARP valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 24.0% | 26.3 | 20.9 | 6.32 | 9.44 | 0.73% | 35.9% |
| Healthcare | 14.5% | 29.8 | 15.9 | 0.74 | 4.04 | 1.47% | 13.6% |
| Financial Services | 12.7% | 15.6 | 16.7 | 3.23 | 2.95 | 0.75% | 18.9% |
| Communication Services | 10.7% | 16.8 | 16.0 | 3.25 | 3.70 | 1.31% | 22.0% |
| Consumer Defensive | 9.6% | 29.5 | 21.5 | 1.30 | 7.62 | 2.07% | 25.8% |
| Consumer Cyclical | 8.8% | 20.2 | 17.1 | 1.79 | 5.05 | 1.00% | 24.9% |
| Industrials | 7.9% | 24.5 | 19.0 | 1.98 | 5.88 | 1.47% | 24.0% |
| Energy | 6.8% | 18.3 | 12.6 | 2.07 | 2.24 | 2.33% | 12.3% |
| Basic Materials | 2.0% | 16.0 | 12.8 | 2.69 | 3.65 | 1.55% | 22.8% |
| Utilities | 1.1% | 17.4 | 14.0 | 2.09 | 2.02 | 2.98% | 11.6% |
| Real Estate | 0.9% | 17.1 | 21.1 | 5.94 | 4.52 | 4.48% | 26.4% |
QARP 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 QARP weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
QARP largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 5.56% | 39.4 | 35.2 | 10.7 | 0.31% | 3.12% |
| MSFT | Microsoft Corporation | 4.90% | 29.5 | 25.1 | 11.8 | 0.74% | 3.67% |
| META | Meta Platforms, Inc. | 4.15% | 26.7 | 22.1 | 7.9 | 0.30% | 3.43% |
| BRK.B | Berkshire Hathaway Inc. | 3.12% | 13.4 | 22.7 | 3.0 | — | 5.15% |
| NVDA | NVIDIA Corporation | 2.62% | 27.1 | 24.9 | 17.1 | 0.47% | 2.13% |
| XOM | Exxon Mobil Corporation | 2.58% | 23.0 | 14.8 | 2.0 | 2.30% | 2.47% |
| V | Visa Inc. | 2.32% | 34.3 | 24.0 | 17.0 | 0.67% | 1.50% |
| WMT | Walmart Inc. | 2.13% | 43.0 | 38.0 | 1.3 | 0.83% | 1.09% |
| JNJ | Johnson & Johnson | 2.10% | 38.8 | 21.0 | 6.2 | 2.10% | 1.19% |
| AMZN | Amazon.com, Inc. | 1.99% | 20.1 | 23.6 | 3.5 | — | 2.19% |
| MA | Mastercard Incorporated | 1.87% | 34.0 | 24.2 | 15.4 | 0.56% | 1.22% |
| COST | Costco Wholesale Corporation | 1.84% | 47.6 | 40.3 | 1.4 | 0.59% | 0.85% |
| GOOGL | Alphabet Inc. | 1.78% | 17.1 | 22.8 | 9.3 | 0.26% | 2.30% |
| MCK | McKesson Corporation | 1.60% | 26.9 | 19.7 | 0.3 | 0.37% | 1.31% |
| PG | The Procter & Gamble Company | 1.36% | 24.1 | 21.2 | 4.3 | 2.73% | 1.25% |
| GOOG | Alphabet Inc. | 1.36% | 16.9 | 21.8 | 9.2 | 0.26% | 1.77% |
| UNH | UnitedHealth Group Incorporated | 1.26% | 25.8 | 16.6 | 0.8 | 2.31% | 1.08% |
| MRK | Merck & Co., Inc. | 1.16% | 115.8 | 15.3 | 5.4 | 2.33% | 0.22% |
| CVX | Chevron Corporation | 1.14% | 21.2 | 15.2 | 2.1 | 3.16% | 1.19% |
| PGR | The Progressive Corporation | 1.11% | 11.0 | 12.7 | 1.4 | 0.18% | 2.22% |
| CSCO | Cisco Systems, Inc. | 1.02% | 32.2 | 19.8 | 6.7 | 1.56% | 0.70% |
| ACN | Accenture plc | 1.00% | 16.9 | 12.4 | 1.9 | 2.98% | 1.30% |
| AMAT | Applied Materials, Inc. | 0.98% | 35.3 | 23.4 | 10.5 | 0.52% | 0.61% |
| MO | Altria Group, Inc. | 0.84% | 15.8 | 11.9 | 6.1 | 5.91% | 1.17% |
| COP | ConocoPhillips | 0.83% | 19.4 | 12.7 | 2.7 | 2.29% | 0.94% |
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 QARP valuation
Adding up its 408 holdings with company data, QARP trades at 21.8 times trailing earnings and 17.4 times analysts' forward estimates, with a price-to-book ratio of 4.52 and a dividend yield of 1.30%. Its earnings yield of 4.59% is 0.74 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 31.5% of the fund and earn 25.9% of its combined profit. By sector, Healthcare is the most expensive at 29.8 times earnings and Financial Services the cheapest at 15.6. Companies that lost money over the past year are 0.9% 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 99.7% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: QARP chart, QARP performance, QARP holdings, QARP dividends.
QARP valuation FAQ
What is the P/E ratio of QARP?
Based on its holdings, QARP has a trailing P/E of 21.8 and a forward P/E of 17.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of QARP?
The trailing earnings yield is 4.59% (1 ÷ P/E) and the forward earnings yield 5.74%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is QARP more expensive than the S&P 500?
QARP trades at 21.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 17.4 and 19.9.
What is the price-to-book ratio of QARP?
The holdings of QARP trade at 4.52 times book value, with a combined return on equity of 20.7%.
Which sector in QARP has the highest P/E?
Healthcare has the highest P/E at 29.8 and Financial Services the lowest at 15.6.