Invesco QQQ Income Advantage ETF (QQA) Valuation
QQA valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 34.2 trailing earnings
- Forward P/E
- 23.3 analyst estimates
- Price / sales
- 5.93
- Price / book
- 9.30
- EV / EBITDA
- 21.3
- Earnings yield
- 2.92% inverse of P/E
- Dividend yield
- 0.58% of the holdings
- Return on equity
- 27.2% combined
- Net margin
- 17.3% combined
- Beta
- 1.43 weighted, vs S&P 500
QQA valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| QQA | 34.2 | 23.3 | 5.93 | 9.30 | 0.58% | 27.2% | 17.3% | 7.1% |
| 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.
QQA valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 43.1% | 39.7 | 22.8 | 11.63 | 13.81 | 0.48% | 34.8% |
| Communication Services | 9.0% | 18.9 | 19.0 | 5.22 | 5.68 | 0.58% | 30.1% |
| Consumer Cyclical | 8.2% | 31.5 | 29.0 | 3.44 | 7.90 | 0.22% | 25.1% |
| Consumer Defensive | 4.8% | 34.6 | 28.6 | 1.54 | 7.54 | 1.40% | 21.8% |
| Industrials | 4.0% | 62.7 | 51.0 | 9.01 | 9.10 | 0.45% | 14.5% |
| Healthcare | 3.5% | 52.8 | 19.3 | 6.93 | 8.41 | 1.00% | 15.9% |
| Utilities | 0.8% | 21.5 | 17.1 | 2.72 | 2.08 | 2.37% | 9.7% |
| Basic Materials | 0.8% | 32.2 | 23.6 | 6.48 | 5.48 | 1.28% | 17.0% |
| Energy | 0.4% | 24.5 | 12.9 | 2.55 | 1.86 | 1.91% | 7.6% |
| Financial Services | 0.2% | 10.7 | 9.1 | 1.43 | 2.27 | 0.99% | 21.1% |
QQA 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 QQA weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
QQA largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 6.41% | 27.1 | 24.9 | 17.1 | 0.47% | 10.90% |
| AAPL | Apple Inc. | 6.06% | 39.4 | 35.2 | 10.7 | 0.31% | 7.07% |
| MSFT | Microsoft Corporation | 4.43% | 29.5 | 25.1 | 11.8 | 0.74% | 6.91% |
| AMZN | Amazon.com, Inc. | 3.33% | 20.1 | 23.6 | 3.5 | — | 7.62% |
| MU | Micron Technology, Inc. | 3.16% | 11.8 | 7.0 | 7.5 | 0.07% | 12.28% |
| AMD | Advanced Micro Devices, Inc. | 2.63% | 134.9 | 39.5 | 20.9 | — | 0.90% |
| META | Meta Platforms, Inc. | 2.32% | 26.7 | 22.1 | 7.9 | 0.30% | 4.00% |
| TSLA | Tesla, Inc. | 2.28% | 328.4 | 158.7 | 13.5 | — | 0.32% |
| GOOGL | Alphabet Inc. | 2.22% | 17.1 | 22.8 | 9.3 | 0.26% | 5.98% |
| GOOG | Alphabet Inc. | 2.10% | 16.9 | 21.8 | 9.2 | 0.26% | 5.70% |
| SPCX | Space Exploration Technologies Corp. | 2.06% | — | 200.0 | 83.5 | — | −0.42% |
| WMT | Walmart Inc. | 1.95% | 43.0 | 38.0 | 1.3 | 0.83% | 2.09% |
| AVGO | Broadcom Inc. | 1.93% | 43.3 | 19.4 | 17.6 | 0.79% | 2.05% |
| INTC | Intel Corporation | 1.55% | — | 63.3 | 8.3 | — | −1.68% |
| COST | Costco Wholesale Corporation | 1.49% | 47.6 | 40.3 | 1.4 | 0.59% | 1.44% |
| PLTR | Palantir Technologies Inc. | 1.45% | 160.4 | 85.5 | 72.6 | — | 0.41% |
| CSCO | Cisco Systems, Inc. | 1.39% | 32.2 | 19.8 | 6.7 | 1.56% | 1.98% |
| PANW | Palo Alto Networks, Inc. | 0.98% | 855.0 | 94.3 | 24.4 | — | 0.05% |
| AMAT | Applied Materials, Inc. | 0.96% | 35.3 | 23.4 | 10.5 | 0.52% | 1.26% |
| NFLX | Netflix, Inc. | 0.96% | 22.2 | 18.7 | 6.1 | — | 1.99% |
| LRCX | Lam Research Corporation | 0.91% | 45.8 | 33.7 | 14.2 | 0.50% | 0.91% |
| CRWD | CrowdStrike Holdings, Inc. | 0.84% | — | 208.3 | 43.1 | — | 0.01% |
| AMGN | Amgen Inc. | 0.82% | 26.9 | 16.7 | 6.1 | 2.33% | 1.40% |
| TXN | Texas Instruments Incorporated | 0.81% | 42.1 | 27.5 | 13.0 | 2.20% | 0.88% |
| LIN | Linde plc | 0.81% | 32.2 | 23.6 | 6.5 | 1.28% | 1.15% |
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 QQA valuation
Adding up its 96 holdings with company data, QQA trades at 34.2 times trailing earnings and 23.3 times analysts' forward estimates, with a price-to-book ratio of 9.30 and a dividend yield of 0.58%. Its earnings yield of 2.92% is 2.40 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 34.9% of the fund and earn 61.7% of its combined profit. By sector, Industrials is the most expensive at 62.7 times earnings and Financial Services the cheapest at 10.7. Companies that lost money over the past year are 7.1% 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 99.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: QQA chart, QQA performance, QQA holdings, QQA dividends.
QQA valuation FAQ
What is the P/E ratio of QQA?
Based on its holdings, QQA has a trailing P/E of 34.2 and a forward P/E of 23.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of QQA?
The trailing earnings yield is 2.92% (1 ÷ P/E) and the forward earnings yield 4.29%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is QQA more expensive than the S&P 500?
QQA trades at 34.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 23.3 and 19.9.
What is the price-to-book ratio of QQA?
The holdings of QQA trade at 9.30 times book value, with a combined return on equity of 27.2%.
Which sector in QQA has the highest P/E?
Industrials has the highest P/E at 62.7 and Financial Services the lowest at 10.7.