Global X NASDAQ 100 Tail Risk ETF (QTR) Valuation

NASDAQ: QTRP/E, earnings yield and other ratios of the holdings combined.

QTR valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 34.2
Forward P/E: 23.4
Price / sales: 5.89
Price / book: 9.21
EV / EBITDA: 21.2
Earnings yield: 2.92%
Dividend yield: 0.58%
Return on equity: 26.9%
Net margin: 17.2%
Beta: 1.42

QTR valuation vs other stock ETFs

P/E (TTM)Forward P/E

QTR valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
QTR	34.2	23.4	5.89	9.21	0.58%	26.9%	17.2%	7.1%
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.

QTR valuation by sector

P/E (TTM)Forward P/E

QTR valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	56.4%	40.1	22.9	11.63	13.71	0.49%	34.2%
Communication Services	11.9%	18.8	19.0	5.22	5.66	0.58%	30.1%
Consumer Cyclical	10.9%	31.3	28.7	3.36	7.84	0.22%	25.1%
Consumer Defensive	6.2%	34.9	28.8	1.53	7.49	1.38%	21.5%
Industrials	5.4%	61.9	50.3	8.90	9.05	0.46%	14.6%
Healthcare	4.4%	52.2	19.3	6.86	8.33	0.98%	15.9%
Utilities	1.2%	21.7	17.3	2.74	2.11	2.30%	9.7%
Basic Materials	1.0%	32.2	23.6	6.48	5.48	1.28%	17.0%
Energy	0.5%	25.1	12.7	2.59	1.82	1.92%	7.3%
Financial Services	0.2%	10.7	9.1	1.43	2.27	0.99%	21.1%

QTR earnings yield vs bond yields

QTR earnings yield (forward)

4.28%

QTR earnings yield (trailing)

2.92%

QTR dividend yield

0.58%

Bond market yield (AGG)

5.33%

T-bill yield (BIL)

3.91%

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 QTR weight splits by P/E

Share of the covered weight in companies with a trailing P/E in each range.

QTR largest holdings: valuation

QTR largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
NVDA	NVIDIA Corporation	7.94%	27.1	24.9	17.1	0.47%	10.28%
AAPL	Apple Inc.	7.69%	39.4	35.2	10.7	0.31%	6.84%
MSFT	Microsoft Corporation	6.14%	29.5	25.1	11.8	0.74%	7.30%
AMZN	Amazon.com, Inc.	4.44%	20.1	23.6	3.5	—	7.74%
MU	Micron Technology, Inc.	4.00%	11.8	7.0	7.5	0.07%	11.86%
AMD	Advanced Micro Devices, Inc.	3.48%	134.9	39.5	20.9	—	0.90%
GOOGL	Alphabet Inc.	3.09%	17.1	22.8	9.3	0.26%	6.34%
META	Meta Platforms, Inc.	3.06%	26.7	22.1	7.9	0.30%	4.01%
TSLA	Tesla, Inc.	3.05%	328.4	158.7	13.5	—	0.32%
SPCX	Space Exploration Technologies Corp.	2.78%	—	200.0	83.5	—	−0.43%
GOOG	Alphabet Inc.	2.77%	16.9	21.8	9.2	0.26%	5.73%
WMT	Walmart Inc.	2.59%	43.0	38.0	1.3	0.83%	2.11%
AVGO	Broadcom Inc.	2.51%	43.3	19.4	17.6	0.79%	2.03%
PLTR	Palantir Technologies Inc.	2.03%	160.4	85.5	72.6	—	0.44%
INTC	Intel Corporation	2.03%	—	63.3	8.3	—	−1.68%
COST	Costco Wholesale Corporation	1.90%	47.6	40.3	1.4	0.59%	1.40%
CSCO	Cisco Systems, Inc.	1.84%	32.2	19.8	6.7	1.56%	2.00%
LRCX	Lam Research Corporation	1.29%	45.8	33.7	14.2	0.50%	0.99%
AMAT	Applied Materials, Inc.	1.29%	35.3	23.4	10.5	0.52%	1.28%
PANW	Palo Alto Networks, Inc.	1.25%	855.0	94.3	24.4	—	0.05%
NFLX	Netflix, Inc.	1.24%	22.2	18.7	6.1	—	1.96%
TXN	Texas Instruments Incorporated	1.12%	42.1	27.5	13.0	2.20%	0.94%
CRWD	CrowdStrike Holdings, Inc.	1.10%	—	208.3	43.1	—	0.01%
AMGN	Amgen Inc.	1.02%	26.9	16.7	6.1	2.33%	1.34%
LIN	Linde plc	1.02%	32.2	23.6	6.5	1.28%	1.12%

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 QTR valuation

Adding up its 96 holdings with company data, QTR trades at 34.2 times trailing earnings and 23.4 times analysts' forward estimates, with a price-to-book ratio of 9.21 and a dividend yield of 0.58%. Its earnings yield of 2.92% is 2.41 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 45.7% of the fund and earn 55.2% of its combined profit. By sector, Industrials is the most expensive at 61.9 times earnings and Financial Services the cheapest at 10.7. Companies that lost money over the past year are 7.1% 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 99.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

QTR valuation FAQ

What is the P/E ratio of QTR?

Based on its holdings, QTR has a trailing P/E of 34.2 and a forward P/E of 23.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of QTR?

The trailing earnings yield is 2.92% (1 ÷ P/E) and the forward earnings yield 4.28%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is QTR more expensive than the S&P 500?

QTR trades at 34.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 23.4 and 19.9.

What is the price-to-book ratio of QTR?

The holdings of QTR trade at 9.21 times book value, with a combined return on equity of 26.9%.

Which sector in QTR has the highest P/E?

Industrials has the highest P/E at 61.9 and Financial Services the lowest at 10.7.