NEOS Nasdaq 100 High Income ETF (QQQI) Valuation
QQQI valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 33.2 trailing earnings
- Forward P/E
- 22.8 analyst estimates
- Price / sales
- 5.83
- Price / book
- 9.20
- EV / EBITDA
- 21.0
- Earnings yield
- 3.01% inverse of P/E
- Dividend yield
- 0.60% of the holdings
- Return on equity
- 27.7% combined
- Net margin
- 17.5% combined
- Beta
- 1.43 weighted, vs S&P 500
QQQI valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| QQQI | 33.2 | 22.8 | 5.83 | 9.20 | 0.60% | 27.7% | 17.5% | 5.4% |
| 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.
QQQI valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 56.7% | 39.0 | 22.5 | 11.55 | 13.66 | 0.48% | 35.1% |
| Communication Services | 11.9% | 18.8 | 19.0 | 5.21 | 5.68 | 0.58% | 30.2% |
| Consumer Cyclical | 10.5% | 31.8 | 29.0 | 3.42 | 8.05 | 0.24% | 25.4% |
| Consumer Defensive | 6.4% | 35.1 | 28.9 | 1.54 | 7.53 | 1.36% | 21.4% |
| Healthcare | 4.4% | 50.0 | 19.3 | 6.83 | 8.38 | 1.00% | 16.8% |
| Industrials | 3.8% | 40.4 | 38.7 | 6.54 | 7.76 | 0.64% | 19.2% |
| Utilities | 1.2% | 21.7 | 17.2 | 2.75 | 2.11 | 2.31% | 9.7% |
| Basic Materials | 1.0% | 32.2 | 23.6 | 6.48 | 5.48 | 1.28% | 17.0% |
| Energy | 0.5% | 25.0 | 12.7 | 2.58 | 1.83 | 1.92% | 7.3% |
| Financial Services | 0.2% | 10.7 | 9.1 | 1.43 | 2.27 | 0.99% | 21.1% |
QQQI 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 QQQI weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
QQQI largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 7.84% | 27.1 | 24.9 | 17.1 | 0.47% | 10.02% |
| AAPL | Apple Inc. | 7.73% | 39.4 | 35.2 | 10.7 | 0.31% | 6.79% |
| MSFT | Microsoft Corporation | 5.84% | 29.5 | 25.1 | 11.8 | 0.74% | 6.85% |
| MU | Micron Technology, Inc. | 4.39% | 11.8 | 7.0 | 7.5 | 0.07% | 12.85% |
| AMZN | Amazon.com, Inc. | 4.12% | 20.1 | 23.6 | 3.5 | — | 7.08% |
| AMD | Advanced Micro Devices, Inc. | 3.77% | 134.9 | 39.5 | 20.9 | — | 0.97% |
| FXFXX | First American Funds Inc. - Treasury Obligations Fund | 3.10% | — | — | — | — | — |
| GOOGL | Alphabet Inc. | 3.06% | 17.1 | 22.8 | 9.3 | 0.26% | 6.20% |
| META | Meta Platforms, Inc. | 2.99% | 26.7 | 22.1 | 7.9 | 0.30% | 3.87% |
| TSLA | Tesla, Inc. | 2.94% | 328.4 | 158.7 | 13.5 | — | 0.31% |
| GOOG | Alphabet Inc. | 2.71% | 16.9 | 21.8 | 9.2 | 0.26% | 5.55% |
| WMT | Walmart Inc. | 2.55% | 43.0 | 38.0 | 1.3 | 0.83% | 2.05% |
| AVGO | Broadcom Inc. | 2.41% | 43.3 | 19.4 | 17.6 | 0.79% | 1.93% |
| COST | Costco Wholesale Corporation | 2.05% | 47.6 | 40.3 | 1.4 | 0.59% | 1.49% |
| INTC | Intel Corporation | 1.91% | — | 63.3 | 8.3 | — | −1.56% |
| PLTR | Palantir Technologies Inc. | 1.90% | 160.4 | 85.5 | 72.6 | — | 0.41% |
| CSCO | Cisco Systems, Inc. | 1.80% | 32.2 | 19.8 | 6.7 | 1.56% | 1.93% |
| AMAT | Applied Materials, Inc. | 1.36% | 35.3 | 23.4 | 10.5 | 0.52% | 1.34% |
| NFLX | Netflix, Inc. | 1.30% | 22.2 | 18.7 | 6.1 | — | 2.02% |
| SPCX | Space Exploration Technologies Corp. | 1.28% | — | 200.0 | 83.5 | — | −0.19% |
| PANW | Palo Alto Networks, Inc. | 1.26% | 855.0 | 94.3 | 24.4 | — | 0.05% |
| LRCX | Lam Research Corporation | 1.25% | 45.8 | 33.7 | 14.2 | 0.50% | 0.94% |
| TXN | Texas Instruments Incorporated | 1.17% | 42.1 | 27.5 | 13.0 | 2.20% | 0.96% |
| CRWD | CrowdStrike Holdings, Inc. | 1.11% | — | 208.3 | 43.1 | — | 0.01% |
| AMGN | Amgen Inc. | 1.07% | 26.9 | 16.7 | 6.1 | 2.33% | 1.37% |
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 QQQI valuation
Adding up its 96 holdings with company data, QQQI trades at 33.2 times trailing earnings and 22.8 times analysts' forward estimates, with a price-to-book ratio of 9.20 and a dividend yield of 0.60%. Its earnings yield of 3.01% is 2.32 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 45.8% of the fund and earn 60.5% of its combined profit. By sector, Healthcare is the most expensive at 50.0 times earnings and Financial Services the cheapest at 10.7. Companies that lost money over the past year are 5.4% 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 95.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: QQQI chart, QQQI performance, QQQI holdings, QQQI dividends.
QQQI valuation FAQ
What is the P/E ratio of QQQI?
Based on its holdings, QQQI has a trailing P/E of 33.2 and a forward P/E of 22.8 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of QQQI?
The trailing earnings yield is 3.01% (1 ÷ P/E) and the forward earnings yield 4.38%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is QQQI more expensive than the S&P 500?
QQQI trades at 33.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 22.8 and 19.9.
What is the price-to-book ratio of QQQI?
The holdings of QQQI trade at 9.20 times book value, with a combined return on equity of 27.7%.
Which sector in QQQI has the highest P/E?
Healthcare has the highest P/E at 50.0 and Financial Services the lowest at 10.7.