First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW) Valuation
QQEW valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 33.5 trailing earnings
- Forward P/E
- 22.7 analyst estimates
- Price / sales
- 7.87
- Price / book
- 10.44
- EV / EBITDA
- 23.8
- Earnings yield
- 2.99% inverse of P/E
- Dividend yield
- 0.65% of the holdings
- Return on equity
- 31.2% combined
- Net margin
- 23.5% combined
- Beta
- 1.47 weighted, vs S&P 500
QQEW valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| QQEW | 33.5 | 22.7 | 7.87 | 10.44 | 0.65% | 31.2% | 23.5% | 0.0% |
| 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.
QQEW valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 68.4% | 35.4 | 23.3 | 9.70 | 11.15 | 0.69% | 31.5% |
| Healthcare | 14.7% | 31.5 | 22.0 | 7.56 | 7.83 | 0.41% | 24.8% |
| Consumer Cyclical | 7.2% | 36.7 | 23.6 | 4.27 | 12.34 | 0.24% | 33.6% |
| Communication Services | 5.7% | 23.2 | 18.7 | 8.13 | 10.53 | 0.12% | 45.4% |
| Consumer Defensive | 2.0% | 16.5 | 14.9 | 1.82 | 8.30 | 4.50% | 50.2% |
| Industrials | 1.5% | 161.9 | 58.1 | 9.85 | 10.15 | 0.00% | 6.3% |
QQEW 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 QQEW weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
QQEW largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| ISRG | Intuitive Surgical, Inc. | 2.52% | 48.9 | 33.3 | 13.7 | — | 1.73% |
| SHOP | Shopify Inc. | 2.32% | 114.5 | 58.8 | 16.6 | — | 0.68% |
| META | Meta Platforms, Inc. | 2.30% | 26.7 | 22.1 | 7.9 | 0.30% | 2.90% |
| DDOG | Datadog, Inc. | 2.28% | 494.2 | 84.7 | 22.4 | — | 0.16% |
| TXN | Texas Instruments Incorporated | 2.27% | 42.1 | 27.5 | 13.0 | 2.20% | 1.82% |
| MRVL | Marvell Technology, Inc. | 2.27% | 72.3 | 62.1 | 21.7 | 0.11% | 1.06% |
| AMD | Advanced Micro Devices, Inc. | 2.25% | 134.9 | 39.5 | 20.9 | — | 0.56% |
| AAPL | Apple Inc. | 2.24% | 39.4 | 35.2 | 10.7 | 0.31% | 1.91% |
| ADP | Automatic Data Processing, Inc. | 2.23% | 26.4 | 22.0 | 5.2 | 2.35% | 2.84% |
| FTNT | Fortinet, Inc. | 2.22% | 59.8 | 45.0 | 16.5 | — | 1.25% |
| MCHP | Microchip Technology Incorporated | 2.21% | 108.6 | 20.5 | 7.8 | 2.46% | 0.68% |
| WDAY | Workday, Inc. | 2.20% | 38.9 | 17.7 | 4.5 | — | 1.91% |
| ADI | Analog Devices, Inc. | 2.19% | 47.0 | 23.2 | 13.8 | 1.11% | 1.57% |
| ROP | Roper Technologies, Inc. | 2.17% | 15.9 | 15.0 | 4.6 | 0.95% | 4.58% |
| REGN | Regeneron Pharmaceuticals, Inc. | 2.16% | 19.6 | 14.5 | 5.2 | 0.48% | 3.72% |
| AMGN | Amgen Inc. | 2.11% | 26.9 | 16.7 | 6.1 | 2.33% | 2.64% |
| MSFT | Microsoft Corporation | 2.10% | 29.5 | 25.1 | 11.8 | 0.74% | 2.39% |
| PLTR | Palantir Technologies Inc. | 2.09% | 160.4 | 85.5 | 72.6 | — | 0.44% |
| IDXX | IDEXX Laboratories, Inc. | 2.09% | 39.8 | 31.4 | 9.7 | — | 1.76% |
| INTU | Intuit Inc. | 2.09% | 19.8 | 12.7 | 4.1 | 1.70% | 3.55% |
| QCOM | QUALCOMM Incorporated | 2.08% | 19.9 | 19.6 | 4.2 | 2.14% | 3.51% |
| ADSK | Autodesk, Inc. | 2.06% | 31.1 | 17.6 | 6.4 | — | 2.23% |
| ALNY | Alnylam Pharmaceuticals, Inc. | 2.05% | 39.1 | 19.7 | 6.5 | — | 1.77% |
| PEP | PepsiCo, Inc. | 2.05% | 16.5 | 14.9 | 1.8 | 4.50% | 4.17% |
| PAYX | Paychex, Inc. | 2.03% | 22.1 | 17.5 | 6.0 | 4.26% | 3.09% |
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 QQEW valuation
Adding up its 50 holdings with company data, QQEW trades at 33.5 times trailing earnings and 22.7 times analysts' forward estimates, with a price-to-book ratio of 10.44 and a dividend yield of 0.65%. Its earnings yield of 2.99% is 2.34 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 22.9% of the fund and earn 14.9% of its combined profit. By sector, Industrials is the most expensive at 161.9 times earnings and Consumer Defensive the cheapest at 16.5. Companies that lost money over the past year are 0.0% 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 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: QQEW chart, QQEW performance, QQEW holdings, QQEW dividends.
QQEW valuation FAQ
What is the P/E ratio of QQEW?
Based on its holdings, QQEW has a trailing P/E of 33.5 and a forward P/E of 22.7 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of QQEW?
The trailing earnings yield is 2.99% (1 ÷ P/E) and the forward earnings yield 4.40%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is QQEW more expensive than the S&P 500?
QQEW trades at 33.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 22.7 and 19.9.
What is the price-to-book ratio of QQEW?
The holdings of QQEW trade at 10.44 times book value, with a combined return on equity of 31.2%.
Which sector in QQEW has the highest P/E?
Industrials has the highest P/E at 161.9 and Consumer Defensive the lowest at 16.5.