First Trust NASDAQ-100-Technology Sector… (QTEC) Valuation
QTEC valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 104.7 trailing earnings
- Forward P/E
- 21.1 analyst estimates
- Price / sales
- 5.25
- Price / book
- 8.20
- EV / EBITDA
- 22.4
- Earnings yield
- 0.95% inverse of P/E
- Dividend yield
- 0.44% of the holdings
- Return on equity
- 7.8% combined
- Net margin
- 5.0% combined
- Beta
- 1.68 weighted, vs S&P 500
QTEC valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| QTEC | 104.7 | 21.1 | 5.25 | 8.20 | 0.44% | 7.8% | 5.0% | 6.3% |
| 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.
QTEC valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 84.7% | 258.2 | 22.4 | 10.04 | 9.05 | 0.49% | 3.5% |
| Communication Services | 8.5% | 21.0 | 19.8 | 9.41 | 8.99 | 0.20% | 42.8% |
| Consumer Cyclical | 4.1% | 15.5 | 10.1 | 0.45 | 2.64 | 0.00% | 17.0% |
QTEC 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 QTEC weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
QTEC largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| META | Meta Platforms, Inc. | 2.66% | 26.7 | 22.1 | 7.9 | 0.30% | 10.91% |
| SHOP | Shopify Inc. | 2.65% | 114.5 | 58.8 | 16.6 | — | 2.54% |
| TRI | Thomson Reuters Corp | 2.56% | — | — | — | — | — |
| MRVL | Marvell Technology, Inc. | 2.52% | 72.3 | 62.1 | 21.7 | 0.11% | 3.81% |
| AAPL | Apple Inc. | 2.51% | 39.4 | 35.2 | 10.7 | 0.31% | 6.99% |
| ADI | Analog Devices, Inc. | 2.48% | 47.0 | 23.2 | 13.8 | 1.11% | 5.80% |
| AMD | Advanced Micro Devices, Inc. | 2.48% | 134.9 | 39.5 | 20.9 | — | 2.02% |
| DDOG | Datadog, Inc. | 2.46% | 494.2 | 84.7 | 22.4 | — | 0.55% |
| TXN | Texas Instruments Incorporated | 2.42% | 42.1 | 27.5 | 13.0 | 2.20% | 6.29% |
| PLTR | Palantir Technologies Inc. | 2.40% | 160.4 | 85.5 | 72.6 | — | 1.64% |
| MSTR | MicroStrategy Incorporated | 2.40% | — | 6.8 | 116.3 | — | −181.41% |
| FTNT | Fortinet, Inc. | 2.38% | 59.8 | 45.0 | 16.5 | — | 4.37% |
| MSFT | Microsoft Corporation | 2.36% | 29.5 | 25.1 | 11.8 | 0.74% | 8.79% |
| WDAY | Workday, Inc. | 2.33% | 38.9 | 17.7 | 4.5 | — | 6.56% |
| INTU | Intuit Inc. | 2.31% | 19.8 | 12.7 | 4.1 | 1.70% | 12.84% |
| NXPI | NXP Semiconductors N.V. | 2.31% | 19.6 | 12.9 | 4.4 | 1.77% | 12.92% |
| QCOM | QUALCOMM Incorporated | 2.29% | 19.9 | 19.6 | 4.2 | 2.14% | 12.60% |
| CRWD | CrowdStrike Holdings, Inc. | 2.28% | — | 208.3 | 43.1 | — | 0.07% |
| SNPS | Synopsys, Inc. | 2.25% | 80.3 | 23.3 | 9.3 | — | 3.07% |
| ADSK | Autodesk, Inc. | 2.24% | 31.1 | 17.6 | 6.4 | — | 7.90% |
| ROP | Roper Technologies, Inc. | 2.24% | 15.9 | 15.0 | 4.6 | 0.95% | 15.37% |
| MCHP | Microchip Technology Incorporated | 2.23% | 108.6 | 20.5 | 7.8 | 2.46% | 2.25% |
| PDD | PDD Holdings Inc. | 2.22% | 9.1 | 6.2 | 0.3 | — | 26.69% |
| MPWR | Monolithic Power Systems, Inc. | 2.13% | 73.7 | 38.8 | 18.2 | 0.66% | 3.17% |
| NVDA | NVIDIA Corporation | 2.10% | 27.1 | 24.9 | 17.1 | 0.47% | 8.49% |
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 QTEC valuation
Adding up its 45 holdings with company data, QTEC trades at 104.7 times trailing earnings and 21.1 times analysts' forward estimates, with a price-to-book ratio of 8.20 and a dividend yield of 0.44%. Its earnings yield of 0.95% is 4.37 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 25.1% of the fund and earn −140.9% of its combined profit. By sector, Technology is the most expensive at 258.2 times earnings and Consumer Cyclical the cheapest at 15.5. Companies that lost money over the past year are 6.3% 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 95.7% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: QTEC chart, QTEC performance, QTEC holdings, QTEC dividends.
QTEC valuation FAQ
What is the P/E ratio of QTEC?
Based on its holdings, QTEC has a trailing P/E of 104.7 and a forward P/E of 21.1 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of QTEC?
The trailing earnings yield is 0.95% (1 ÷ P/E) and the forward earnings yield 4.74%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is QTEC more expensive than the S&P 500?
QTEC trades at 104.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 21.1 and 19.9.
What is the price-to-book ratio of QTEC?
The holdings of QTEC trade at 8.20 times book value, with a combined return on equity of 7.8%.
Which sector in QTEC has the highest P/E?
Technology has the highest P/E at 258.2 and Consumer Cyclical the lowest at 15.5.