First Trust Cloud Computing ETF (SKYY) Valuation
SKYY valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 69.3 trailing earnings
- Forward P/E
- 24.1 analyst estimates
- Price / sales
- 3.94
- Price / book
- 8.16
- EV / EBITDA
- 22.2
- Earnings yield
- 1.44% inverse of P/E
- Dividend yield
- 0.35% of the holdings
- Return on equity
- 11.8% combined
- Net margin
- 5.7% combined
- Beta
- 1.23 weighted, vs S&P 500
SKYY valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| SKYY | 69.3 | 24.1 | 3.94 | 8.16 | 0.35% | 11.8% | 5.7% | 25.1% |
| 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.
SKYY valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 88.8% | 62.3 | 24.1 | 4.79 | 8.39 | 0.39% | 13.5% |
| Communication Services | 7.5% | n/m | 24.6 | 1.26 | 8.17 | 0.12% | −16.9% |
| Consumer Cyclical | 3.3% | 20.1 | 23.6 | 3.48 | 4.87 | 0.00% | 24.2% |
| Healthcare | 0.6% | 50.9 | 30.2 | 14.53 | 5.90 | 0.00% | 11.6% |
SKYY 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 SKYY weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
SKYY largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| P | Everpure, Inc. | 4.50% | 169.9 | 44.8 | 9.7 | — | 1.83% |
| IBM | International Business Machines Corporation | 3.80% | 20.6 | 17.4 | 3.2 | 2.91% | 12.74% |
| MSFT | Microsoft Corporation | 3.52% | 29.5 | 25.1 | 11.8 | 0.74% | 8.26% |
| NTNX | Nutanix, Inc. | 3.37% | 12.9 | 29.9 | 6.3 | — | 18.02% |
| GOOGL | Alphabet Inc. | 3.31% | 17.1 | 22.8 | 9.3 | 0.26% | 13.41% |
| AMZN | Amazon.com, Inc. | 3.28% | 20.1 | 23.6 | 3.5 | — | 11.30% |
| ORCL | Oracle Corporation | 3.05% | 20.1 | 17.8 | 5.4 | 1.56% | 10.49% |
| ANET | Arista Networks, Inc. | 3.02% | 55.8 | 39.2 | 21.2 | — | 3.74% |
| DOCN | DigitalOcean Holdings, Inc. | 2.86% | 45.5 | 76.3 | 11.5 | — | 4.35% |
| NTSK | Netskope, Inc. | 2.53% | — | — | 9.7 | — | −9.17% |
| MDB | MongoDB, Inc. | 2.41% | 468.8 | 70.4 | 9.8 | — | 0.36% |
| NET | Cloudflare, Inc. | 2.39% | — | 178.6 | 42.0 | — | −0.29% |
| RBRK | Rubrik, Inc. | 2.33% | — | 625.0 | 15.0 | — | −1.43% |
| CSCO | Cisco Systems, Inc. | 2.19% | 32.2 | 19.8 | 6.7 | 1.56% | 4.71% |
| LUMN | Lumen Technologies, Inc. | 2.10% | — | 98.0 | 0.4 | — | −31.88% |
| SHOP | Shopify Inc. | 2.03% | 114.5 | 58.8 | 16.6 | — | 1.23% |
| TEAM | Atlassian Corporation | 2.03% | — | 36.2 | 8.0 | — | −0.09% |
| RNG | RingCentral, Inc. | 2.00% | 60.4 | 14.3 | 2.4 | 0.36% | 2.29% |
| NTAP | NetApp, Inc. | 1.97% | 28.7 | 21.4 | 5.4 | 1.02% | 4.75% |
| GTLB | GitLab Inc. | 1.97% | — | 55.2 | 8.3 | — | −0.82% |
| HPE | Hewlett Packard Enterprise Company | 1.91% | 28.4 | 13.6 | 1.7 | 1.03% | 4.66% |
| AKAM | Akamai Technologies, Inc. | 1.88% | 31.8 | 15.0 | 2.9 | — | 4.10% |
| CRWV | CoreWeave, Inc. | 1.85% | — | — | 4.5 | — | −6.39% |
| S | SentinelOne, Inc. | 1.84% | — | 75.2 | 6.8 | — | −5.87% |
| TWLO | Twilio Inc | 1.83% | 33.8 | 43.7 | 6.7 | — | 3.75% |
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 SKYY valuation
Adding up its 65 holdings with company data, SKYY trades at 69.3 times trailing earnings and 24.1 times analysts' forward estimates, with a price-to-book ratio of 8.16 and a dividend yield of 0.35%. Its earnings yield of 1.44% is 3.88 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 33.2% of the fund and earn 75.0% of its combined profit. By sector, Technology is the most expensive at 62.3 times earnings and Consumer Cyclical the cheapest at 20.1. Companies that lost money over the past year are 25.1% 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 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: SKYY chart, SKYY performance, SKYY holdings.
SKYY valuation FAQ
What is the P/E ratio of SKYY?
Based on its holdings, SKYY has a trailing P/E of 69.3 and a forward P/E of 24.1 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of SKYY?
The trailing earnings yield is 1.44% (1 ÷ P/E) and the forward earnings yield 4.14%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is SKYY more expensive than the S&P 500?
SKYY trades at 69.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 24.1 and 19.9.
What is the price-to-book ratio of SKYY?
The holdings of SKYY trade at 8.16 times book value, with a combined return on equity of 11.8%.
Which sector in SKYY has the highest P/E?
Technology has the highest P/E at 62.3 and Consumer Cyclical the lowest at 20.1.