HCM Defender 100 ETF (QQH) Valuation
QQH valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 31.7 trailing earnings
- Forward P/E
- 23.5 analyst estimates
- Price / sales
- 6.06
- Price / book
- 9.56
- EV / EBITDA
- 20.6
- Earnings yield
- 3.16% inverse of P/E
- Dividend yield
- 0.58% of the holdings
- Return on equity
- 30.2% combined
- Net margin
- 19.1% combined
- Beta
- 1.38 weighted, vs S&P 500
QQH valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| QQH | 31.7 | 23.5 | 6.06 | 9.56 | 0.58% | 30.2% | 19.1% | 2.9% |
| 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.
QQH valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 50.8% | 35.5 | 23.5 | 11.45 | 14.41 | 0.51% | 40.6% |
| Consumer Cyclical | 11.2% | 31.7 | 29.9 | 3.72 | 7.79 | 0.19% | 24.6% |
| Communication Services | 10.1% | 19.9 | 19.7 | 5.79 | 5.96 | 0.47% | 30.0% |
| Consumer Defensive | 4.7% | 37.7 | 27.9 | 1.51 | 6.64 | 1.50% | 17.6% |
| Healthcare | 3.1% | 42.8 | 18.8 | 6.47 | 8.25 | 1.13% | 19.3% |
| Industrials | 1.7% | 27.4 | 29.7 | 4.62 | 6.79 | 0.98% | 24.8% |
| Utilities | 0.8% | 21.3 | 17.0 | 2.71 | 2.04 | 2.47% | 9.6% |
| Basic Materials | 0.8% | 32.2 | 23.6 | 6.48 | 5.48 | 1.28% | 17.0% |
| Energy | 0.3% | 22.9 | 13.6 | 2.42 | 2.00 | 1.86% | 8.7% |
| Financial Services | 0.2% | 10.7 | 9.1 | 1.43 | 2.27 | 0.99% | 21.1% |
QQH 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 QQH weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
QQH largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| TQQQ | ProShares UltraPro QQQ | 17.31% | — | — | — | — | — |
| AAPL | Apple Inc. | 11.57% | 39.4 | 35.2 | 10.7 | 0.31% | 11.14% |
| MSFT | Microsoft Corporation | 8.49% | 29.5 | 25.1 | 11.8 | 0.74% | 10.93% |
| NVDA | NVIDIA Corporation | 8.21% | 27.1 | 24.9 | 17.1 | 0.47% | 11.50% |
| AMZN | Amazon.com, Inc. | 4.83% | 20.1 | 23.6 | 3.5 | — | 9.11% |
| META | Meta Platforms, Inc. | 4.14% | 26.7 | 22.1 | 7.9 | 0.30% | 5.88% |
| TSLA | Tesla, Inc. | 3.59% | 328.4 | 158.7 | 13.5 | — | 0.41% |
| AVGO | Broadcom Inc. | 2.80% | 43.3 | 19.4 | 17.6 | 0.79% | 2.45% |
| MU | Micron Technology, Inc. | 2.79% | 11.8 | 7.0 | 7.5 | 0.07% | 8.94% |
| AMD | Advanced Micro Devices, Inc. | 2.18% | 134.9 | 39.5 | 20.9 | — | 0.61% |
| GOOGL | Alphabet Inc. | 2.05% | 17.1 | 22.8 | 9.3 | 0.26% | 4.56% |
| GOOG | Alphabet Inc. | 2.01% | 16.9 | 21.8 | 9.2 | 0.26% | 4.52% |
| WMT | Walmart Inc. | 1.84% | 43.0 | 38.0 | 1.3 | 0.83% | 1.62% |
| COST | Costco Wholesale Corporation | 1.50% | 47.6 | 40.3 | 1.4 | 0.59% | 1.20% |
| CSCO | Cisco Systems, Inc. | 1.45% | 32.2 | 19.8 | 6.7 | 1.56% | 1.71% |
| PLTR | Palantir Technologies Inc. | 1.25% | 160.4 | 85.5 | 72.6 | — | 0.30% |
| INTC | Intel Corporation | 1.07% | — | 63.3 | 8.3 | — | −0.95% |
| NFLX | Netflix, Inc. | 1.00% | 22.2 | 18.7 | 6.1 | — | 1.71% |
| AMAT | Applied Materials, Inc. | 0.82% | 35.3 | 23.4 | 10.5 | 0.52% | 0.88% |
| LRCX | Lam Research Corporation | 0.82% | 45.8 | 33.7 | 14.2 | 0.50% | 0.68% |
| AMGN | Amgen Inc. | 0.82% | 26.9 | 16.7 | 6.1 | 2.33% | 1.16% |
| PANW | Palo Alto Networks, Inc. | 0.82% | 855.0 | 94.3 | 24.4 | — | 0.04% |
| CRWD | CrowdStrike Holdings, Inc. | 0.78% | — | 208.3 | 43.1 | — | 0.01% |
| LIN | Linde plc | 0.76% | 32.2 | 23.6 | 6.5 | 1.28% | 0.90% |
| TXN | Texas Instruments Incorporated | 0.73% | 42.1 | 27.5 | 13.0 | 2.20% | 0.66% |
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 QQH valuation
Adding up its 92 holdings with company data, QQH trades at 31.7 times trailing earnings and 23.5 times analysts' forward estimates, with a price-to-book ratio of 9.56 and a dividend yield of 0.58%. Its earnings yield of 3.16% is 2.17 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 65.9% of the fund and earn 65.5% of its combined profit. By sector, Healthcare is the most expensive at 42.8 times earnings and Financial Services the cheapest at 10.7. Companies that lost money over the past year are 2.9% 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 82.5% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: QQH chart, QQH performance, QQH holdings, QQH dividends.
QQH valuation FAQ
What is the P/E ratio of QQH?
Based on its holdings, QQH has a trailing P/E of 31.7 and a forward P/E of 23.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of QQH?
The trailing earnings yield is 3.16% (1 ÷ P/E) and the forward earnings yield 4.25%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is QQH more expensive than the S&P 500?
QQH trades at 31.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 23.5 and 19.9.
What is the price-to-book ratio of QQH?
The holdings of QQH trade at 9.56 times book value, with a combined return on equity of 30.2%.
Which sector in QQH has the highest P/E?
Healthcare has the highest P/E at 42.8 and Financial Services the lowest at 10.7.