Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) Valuation
QQQE valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 45.5 trailing earnings
- Forward P/E
- 20.6 analyst estimates
- Price / sales
- 4.09
- Price / book
- 5.96
- EV / EBITDA
- 17.8
- Earnings yield
- 2.20% inverse of P/E
- Dividend yield
- 0.88% of the holdings
- Return on equity
- 13.1% combined
- Net margin
- 9.0% combined
- Beta
- 1.26 weighted, vs S&P 500
QQQE valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| QQQE | 45.5 | 20.6 | 4.09 | 5.96 | 0.88% | 13.1% | 9.0% | 9.2% |
| 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.
QQQE valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 42.2% | 268.1 | 22.3 | 9.65 | 9.24 | 0.63% | 3.4% |
| Industrials | 11.8% | 29.1 | 30.1 | 5.08 | 6.28 | 0.78% | 21.6% |
| Consumer Cyclical | 10.9% | 28.8 | 21.1 | 1.81 | 8.78 | 0.47% | 30.5% |
| Healthcare | 10.6% | 45.0 | 19.8 | 5.75 | 7.19 | 0.53% | 16.0% |
| Communication Services | 7.4% | 18.8 | 14.5 | 2.66 | 3.77 | 1.27% | 20.1% |
| Consumer Defensive | 6.5% | 30.7 | 21.5 | 1.96 | 4.48 | 1.90% | 14.6% |
| Utilities | 4.1% | 20.6 | 16.5 | 2.62 | 1.94 | 2.71% | 9.4% |
| Energy | 1.9% | 25.2 | 12.6 | 2.61 | 1.81 | 1.93% | 7.2% |
| Financial Services | 1.1% | 10.7 | 9.1 | 1.43 | 2.27 | 0.99% | 21.1% |
| Basic Materials | 1.0% | 32.2 | 23.6 | 6.48 | 5.48 | 1.28% | 17.0% |
QQQE 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 QQQE weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
QQQE largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| ISRG | Intuitive Surgical, Inc. | 1.27% | 48.9 | 33.3 | 13.7 | — | 1.24% |
| SHOP | Shopify Inc. | 1.21% | 114.5 | 58.8 | 16.6 | — | 0.51% |
| META | Meta Platforms, Inc. | 1.20% | 26.7 | 22.1 | 7.9 | 0.30% | 2.15% |
| TRI | Thomson Reuters Corp | 1.19% | — | — | — | — | — |
| AAPL | Apple Inc. | 1.16% | 39.4 | 35.2 | 10.7 | 0.31% | 1.42% |
| AMD | Advanced Micro Devices, Inc. | 1.15% | 134.9 | 39.5 | 20.9 | — | 0.41% |
| COST | Costco Wholesale Corporation | 1.15% | 47.6 | 40.3 | 1.4 | 0.59% | 1.16% |
| MAR | Marriott International, Inc. | 1.14% | 40.1 | 26.5 | 13.7 | 0.75% | 1.37% |
| MRNA | Moderna, Inc. | 1.14% | — | 23.0 | 39.1 | — | −2.01% |
| AEP | American Electric Power Company, Inc. | 1.14% | 22.0 | 17.2 | 3.0 | 2.99% | 2.48% |
| WMT | Walmart Inc. | 1.14% | 43.0 | 38.0 | 1.3 | 0.83% | 1.27% |
| PLTR | Palantir Technologies Inc. | 1.14% | 160.4 | 85.5 | 72.6 | — | 0.34% |
| ADP | Automatic Data Processing, Inc. | 1.13% | 26.4 | 22.0 | 5.2 | 2.35% | 2.05% |
| FAST | Fastenal Company | 1.12% | 41.5 | 37.5 | 6.4 | 2.04% | 1.30% |
| TXN | Texas Instruments Incorporated | 1.12% | 42.1 | 27.5 | 13.0 | 2.20% | 1.28% |
| DDOG | Datadog, Inc. | 1.11% | 494.2 | 84.7 | 22.4 | — | 0.11% |
| PYPL | PayPal Holdings, Inc. | 1.11% | 10.7 | 9.1 | 1.4 | 0.99% | 4.99% |
| CCE | Coca-Cola European Partners plc | 1.11% | — | — | — | — | — |
| AMGN | Amgen Inc. | 1.11% | 26.9 | 16.7 | 6.1 | 2.33% | 1.98% |
| MSTR | MicroStrategy Incorporated | 1.10% | — | 6.8 | 116.3 | — | −36.60% |
| CTAS | Cintas Corporation | 1.10% | 42.1 | 36.2 | 7.3 | 0.97% | 1.25% |
| NXPI | NXP Semiconductors N.V. | 1.09% | 19.6 | 12.9 | 4.4 | 1.77% | 2.68% |
| KDP | Keurig Dr Pepper Inc. | 1.09% | 35.0 | 12.5 | 2.3 | 2.66% | 1.50% |
| FTNT | Fortinet, Inc. | 1.09% | 59.8 | 45.0 | 16.5 | — | 0.88% |
| GILD | Gilead Sciences, Inc. | 1.08% | — | 15.6 | 6.4 | 2.10% | −0.89% |
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 QQQE valuation
Adding up its 96 holdings with company data, QQQE trades at 45.5 times trailing earnings and 20.6 times analysts' forward estimates, with a price-to-book ratio of 5.96 and a dividend yield of 0.88%. Its earnings yield of 2.20% is 3.13 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 11.7% of the fund and earn 10.0% of its combined profit. By sector, Technology is the most expensive at 268.1 times earnings and Financial Services the cheapest at 10.7. Companies that lost money over the past year are 9.2% 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 95.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: QQQE chart, QQQE performance, QQQE holdings, QQQE dividends.
QQQE valuation FAQ
What is the P/E ratio of QQQE?
Based on its holdings, QQQE has a trailing P/E of 45.5 and a forward P/E of 20.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of QQQE?
The trailing earnings yield is 2.20% (1 ÷ P/E) and the forward earnings yield 4.85%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is QQQE more expensive than the S&P 500?
QQQE trades at 45.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 20.6 and 19.9.
What is the price-to-book ratio of QQQE?
The holdings of QQQE trade at 5.96 times book value, with a combined return on equity of 13.1%.
Which sector in QQQE has the highest P/E?
Technology has the highest P/E at 268.1 and Financial Services the lowest at 10.7.