iShares Nasdaq Top 30 Stocks ETF (QTOP) Valuation
QTOP valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 32.7 trailing earnings
- Forward P/E
- 24.4 analyst estimates
- Price / sales
- 7.04
- Price / book
- 11.63
- EV / EBITDA
- 23.2
- Earnings yield
- 3.06% inverse of P/E
- Dividend yield
- 0.48% of the holdings
- Return on equity
- 35.6% combined
- Net margin
- 21.5% combined
- Beta
- 1.49 weighted, vs S&P 500
QTOP valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| QTOP | 32.7 | 24.4 | 7.04 | 11.63 | 0.48% | 35.6% | 21.5% | 6.2% |
| 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.
QTOP valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 64.5% | 34.9 | 22.8 | 12.65 | 15.89 | 0.43% | 45.5% |
| Communication Services | 14.3% | 19.5 | 20.4 | 6.60 | 6.57 | 0.44% | 33.7% |
| Consumer Cyclical | 8.8% | 37.4 | 40.7 | 5.48 | 7.53 | 0.00% | 20.2% |
| Consumer Defensive | 7.0% | 35.6 | 31.2 | 1.40 | 9.73 | 1.30% | 27.3% |
| Industrials | 3.6% | n/m | 200.0 | 83.53 | 15.37 | 0.00% | −6.8% |
| Healthcare | 1.4% | 26.9 | 16.7 | 6.14 | 18.78 | 2.33% | 69.9% |
| Basic Materials | 1.4% | 32.2 | 23.6 | 6.48 | 5.48 | 1.28% | 17.0% |
QTOP 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 QTOP weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
QTOP largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 11.09% | 27.1 | 24.9 | 17.1 | 0.47% | 13.27% |
| AAPL | Apple Inc. | 10.74% | 39.4 | 35.2 | 10.7 | 0.31% | 8.83% |
| MSFT | Microsoft Corporation | 8.12% | 29.5 | 25.1 | 11.8 | 0.74% | 8.92% |
| MU | Micron Technology, Inc. | 5.80% | 11.8 | 7.0 | 7.5 | 0.07% | 15.89% |
| AMD | Advanced Micro Devices, Inc. | 5.06% | 134.9 | 39.5 | 20.9 | — | 1.21% |
| AMZN | Amazon.com, Inc. | 4.45% | 20.1 | 23.6 | 3.5 | — | 7.17% |
| TSLA | Tesla, Inc. | 4.31% | 328.4 | 158.7 | 13.5 | — | 0.42% |
| META | Meta Platforms, Inc. | 4.04% | 26.7 | 22.1 | 7.9 | 0.30% | 4.90% |
| GOOGL | Alphabet Inc. | 3.86% | 17.1 | 22.8 | 9.3 | 0.26% | 7.31% |
| GOOG | Alphabet Inc. | 3.65% | 16.9 | 21.8 | 9.2 | 0.26% | 6.99% |
| SPCX | Space Exploration Technologies Corp. | 3.59% | — | 200.0 | 83.5 | — | −0.51% |
| AVGO | Broadcom Inc. | 3.42% | 43.3 | 19.4 | 17.6 | 0.79% | 2.56% |
| WMT | Walmart Inc. | 3.33% | 43.0 | 38.0 | 1.3 | 0.83% | 2.51% |
| PLTR | Palantir Technologies Inc. | 2.77% | 160.4 | 85.5 | 72.6 | — | 0.56% |
| INTC | Intel Corporation | 2.63% | — | 63.3 | 8.3 | — | −2.01% |
| COST | Costco Wholesale Corporation | 2.59% | 47.6 | 40.3 | 1.4 | 0.59% | 1.76% |
| CSCO | Cisco Systems, Inc. | 2.50% | 32.2 | 19.8 | 6.7 | 1.56% | 2.51% |
| AMAT | Applied Materials, Inc. | 1.74% | 35.3 | 23.4 | 10.5 | 0.52% | 1.60% |
| LRCX | Lam Research Corporation | 1.73% | 45.8 | 33.7 | 14.2 | 0.50% | 1.22% |
| NFLX | Netflix, Inc. | 1.70% | 22.2 | 18.7 | 6.1 | — | 2.48% |
| PANW | Palo Alto Networks, Inc. | 1.68% | 855.0 | 94.3 | 24.4 | — | 0.06% |
| TXN | Texas Instruments Incorporated | 1.52% | 42.1 | 27.5 | 13.0 | 2.20% | 1.17% |
| CRWD | CrowdStrike Holdings, Inc. | 1.47% | — | 208.3 | 43.1 | — | 0.01% |
| AMGN | Amgen Inc. | 1.41% | 26.9 | 16.7 | 6.1 | 2.33% | 1.70% |
| LIN | Linde plc | 1.36% | 32.2 | 23.6 | 6.5 | 1.28% | 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 QTOP valuation
Adding up its 31 holdings with company data, QTOP trades at 32.7 times trailing earnings and 24.4 times analysts' forward estimates, with a price-to-book ratio of 11.63 and a dividend yield of 0.48%. Its earnings yield of 3.06% is 2.27 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 61.1% of the fund and earn 74.9% of its combined profit. By sector, Consumer Cyclical is the most expensive at 37.4 times earnings and Communication Services the cheapest at 19.5. Companies that lost money over the past year are 6.2% 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 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: QTOP chart, QTOP performance, QTOP holdings, QTOP dividends.
QTOP valuation FAQ
What is the P/E ratio of QTOP?
Based on its holdings, QTOP has a trailing P/E of 32.7 and a forward P/E of 24.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of QTOP?
The trailing earnings yield is 3.06% (1 ÷ P/E) and the forward earnings yield 4.10%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is QTOP more expensive than the S&P 500?
QTOP trades at 32.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 24.4 and 19.9.
What is the price-to-book ratio of QTOP?
The holdings of QTOP trade at 11.63 times book value, with a combined return on equity of 35.6%.
Which sector in QTOP has the highest P/E?
Consumer Cyclical has the highest P/E at 37.4 and Communication Services the lowest at 19.5.