First Trust Alerian U.S. NextGen… (RBLD) Valuation
RBLD valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 26.1 trailing earnings
- Forward P/E
- 18.7 analyst estimates
- Price / sales
- 3.07
- Price / book
- 3.42
- EV / EBITDA
- 15.5
- Earnings yield
- 3.84% inverse of P/E
- Dividend yield
- 1.78% of the holdings
- Return on equity
- 13.1% combined
- Net margin
- 11.8% combined
- Beta
- 0.98 weighted, vs S&P 500
RBLD valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| RBLD | 26.1 | 18.7 | 3.07 | 3.42 | 1.78% | 13.1% | 11.8% | 4.6% |
| 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.
RBLD valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Industrials | 39.0% | 29.1 | 21.6 | 3.36 | 5.71 | 1.04% | 19.6% |
| Utilities | 31.1% | 19.3 | 14.5 | 2.45 | 2.01 | 3.00% | 10.4% |
| Technology | 9.2% | 91.7 | 36.7 | 7.34 | 7.07 | 0.18% | 7.7% |
| Basic Materials | 7.3% | 27.1 | 15.4 | 2.28 | 2.67 | 1.02% | 9.8% |
| Energy | 7.1% | 22.2 | 17.1 | 2.51 | 3.77 | 2.13% | 17.0% |
| Real Estate | 5.4% | 33.6 | 28.2 | 8.38 | 7.29 | 3.36% | 21.7% |
RBLD 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 RBLD weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
RBLD largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| CCI | Crown Castle Inc. | 1.16% | 33.4 | 21.2 | 8.4 | 5.17% | 0.91% |
| OTIS | Otis Worldwide Corporation | 1.14% | 18.3 | 15.1 | 1.8 | 2.47% | 1.63% |
| RS | Reliance Steel & Aluminum Co. | 1.11% | 23.9 | 16.4 | 1.3 | 1.22% | 1.22% |
| SBAC | SBA Communications Corporation | 1.10% | 20.2 | 19.4 | 6.9 | 2.67% | 1.44% |
| VMC | Vulcan Materials Company | 1.10% | 30.4 | 22.4 | 4.1 | 0.81% | 0.95% |
| AWK | American Water Works Company, Inc. | 1.10% | 23.4 | 20.0 | 5.1 | 2.65% | 1.24% |
| ATO | Atmos Energy Corporation | 1.09% | 19.9 | 17.6 | 5.7 | 2.39% | 1.44% |
| PCG | PG&E Corporation | 1.09% | 9.5 | 6.9 | 1.5 | 1.53% | 3.02% |
| AEP | American Electric Power Company, Inc. | 1.09% | 22.0 | 17.2 | 3.0 | 2.99% | 1.30% |
| SO | The Southern Company | 1.08% | 22.0 | 17.0 | 3.5 | 3.33% | 1.30% |
| XYL | Xylem Inc. | 1.08% | 24.8 | 17.4 | 2.7 | 1.65% | 1.15% |
| VRSN | VeriSign, Inc. | 1.08% | 32.7 | 27.0 | 16.0 | 1.07% | 0.87% |
| EVRG | Evergy, Inc. | 1.08% | 21.2 | 19.5 | 3.2 | 3.34% | 1.34% |
| ED | Consolidated Edison, Inc. | 1.08% | 18.2 | 16.1 | 2.3 | 3.16% | 1.56% |
| AMT | American Tower Corporation | 1.08% | 25.5 | 24.6 | 7.9 | 3.86% | 1.11% |
| WEC | WEC Energy Group, Inc. | 1.08% | 21.1 | 16.9 | 3.5 | 3.50% | 1.34% |
| CSX | CSX Corporation | 1.06% | 28.3 | 21.2 | 6.2 | 1.15% | 0.99% |
| PPL | PPL Corporation | 1.06% | 20.8 | 15.4 | 2.8 | 3.24% | 1.34% |
| TRGP | Targa Resources Corp. | 1.06% | 28.2 | 23.2 | 3.8 | 1.70% | 0.99% |
| FE | FirstEnergy Corp. | 1.06% | 24.6 | 14.7 | 1.7 | 4.03% | 1.13% |
| AEE | Ameren Corporation | 1.06% | 18.7 | 17.5 | 3.5 | 2.83% | 1.49% |
| LNT | Alliant Energy Corporation | 1.06% | 21.6 | 17.5 | 4.0 | 3.13% | 1.28% |
| NI | NiSource Inc. | 1.05% | 22.7 | 17.4 | 3.0 | 2.81% | 1.22% |
| MLM | Martin Marietta Materials, Inc. | 1.05% | 32.6 | 20.6 | 5.3 | 0.67% | 0.85% |
| IR | Ingersoll Rand Inc. | 1.05% | 32.0 | 19.3 | 3.8 | 0.10% | 0.86% |
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 RBLD valuation
Adding up its 99 holdings with company data, RBLD trades at 26.1 times trailing earnings and 18.7 times analysts' forward estimates, with a price-to-book ratio of 3.42 and a dividend yield of 1.78%. Its earnings yield of 3.84% is 1.49 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 11.1% of the fund and earn 14.5% of its combined profit. By sector, Technology is the most expensive at 91.7 times earnings and Utilities the cheapest at 19.3. Companies that lost money over the past year are 4.6% 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: RBLD chart, RBLD performance, RBLD holdings, RBLD dividends.
RBLD valuation FAQ
What is the P/E ratio of RBLD?
Based on its holdings, RBLD has a trailing P/E of 26.1 and a forward P/E of 18.7 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of RBLD?
The trailing earnings yield is 3.84% (1 ÷ P/E) and the forward earnings yield 5.34%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is RBLD more expensive than the S&P 500?
RBLD trades at 26.1 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 18.7 and 19.9.
What is the price-to-book ratio of RBLD?
The holdings of RBLD trade at 3.42 times book value, with a combined return on equity of 13.1%.
Which sector in RBLD has the highest P/E?
Technology has the highest P/E at 91.7 and Utilities the lowest at 19.3.