Invesco PHLX Semiconductor ETF (SOXQ) Valuation
SOXQ valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 36.1 trailing earnings
- Forward P/E
- 21.7 analyst estimates
- Price / sales
- 5.23
- Price / book
- 11.16
- EV / EBITDA
- 28.9
- Earnings yield
- 2.77% inverse of P/E
- Dividend yield
- 0.65% of the holdings
- Return on equity
- 30.9% combined
- Net margin
- 14.5% combined
- Beta
- 1.90 weighted, vs S&P 500
SOXQ valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| SOXQ | 36.1 | 21.7 | 5.23 | 11.16 | 0.65% | 30.9% | 14.5% | 4.2% |
| 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.
SOXQ valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 99.5% | 36.1 | 21.7 | 5.23 | 11.16 | 0.65% | 30.9% |
SOXQ 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 SOXQ weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
SOXQ largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 12.21% | 27.1 | 24.9 | 17.1 | 0.47% | 16.53% |
| AVGO | Broadcom Inc. | 8.94% | 43.3 | 19.4 | 17.6 | 0.79% | 7.57% |
| MU | Micron Technology, Inc. | 8.04% | 11.8 | 7.0 | 7.5 | 0.07% | 24.91% |
| ADI | Analog Devices, Inc. | 4.78% | 47.0 | 23.2 | 13.8 | 1.11% | 3.73% |
| MRVL | Marvell Technology, Inc. | 4.63% | 72.3 | 62.1 | 21.7 | 0.11% | 2.34% |
| AMD | Advanced Micro Devices, Inc. | 4.55% | 134.9 | 39.5 | 20.9 | — | 1.24% |
| TXN | Texas Instruments Incorporated | 4.53% | 42.1 | 27.5 | 13.0 | 2.20% | 3.95% |
| QCOM | QUALCOMM Incorporated | 4.43% | 19.9 | 19.6 | 4.2 | 2.14% | 8.15% |
| TSM | Taiwan Semiconductor Manufacturing Company Limited | 4.33% | 26.7 | 21.4 | 0.4 | 0.91% | 5.93% |
| ASML | ASML Holding N.V. | 4.15% | 40.4 | 28.9 | 16.0 | 0.55% | 3.77% |
| INTC | Intel Corporation | 4.09% | — | 63.3 | 8.3 | — | −3.54% |
| AMAT | Applied Materials, Inc. | 3.61% | 35.3 | 23.4 | 10.5 | 0.52% | 3.74% |
| KLAC | KLA Corporation | 3.53% | 45.3 | 34.8 | 15.9 | 0.56% | 2.85% |
| LRCX | Lam Research Corporation | 3.14% | 45.8 | 33.7 | 14.2 | 0.50% | 2.51% |
| NXPI | NXP Semiconductors N.V. | 2.81% | 19.6 | 12.9 | 4.4 | 1.77% | 5.26% |
| MPWR | Monolithic Power Systems, Inc. | 2.73% | 73.7 | 38.8 | 18.2 | 0.66% | 1.36% |
| TER | Teradyne, Inc. | 2.37% | 44.6 | 30.7 | 11.4 | 0.16% | 1.94% |
| ALAB | Astera Labs, Inc. | 2.15% | 140.8 | 55.6 | 41.3 | — | 0.56% |
| MCHP | Microchip Technology Incorporated | 2.01% | 108.6 | 20.5 | 7.8 | 2.46% | 0.68% |
| COHR | Coherent, Inc. | 1.92% | 56.5 | 30.5 | 6.4 | — | 1.25% |
| ARM | Arm Holdings plc | 1.41% | 234.8 | 151.5 | 47.2 | — | 0.22% |
| CRDO | Credo Technology Group Holding Ltd | 1.34% | 60.2 | 30.9 | 20.0 | — | 0.82% |
| ON | ON Semiconductor Corporation | 1.32% | 46.5 | 16.5 | 4.5 | — | 1.04% |
| Q | Qnity Electronics, Inc. | 1.17% | 41.2 | 24.8 | 4.6 | 0.28% | 1.04% |
| GFS | GLOBALFOUNDRIES Inc. | 1.15% | 36.5 | 18.8 | 3.8 | 1.03% | 1.15% |
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 SOXQ valuation
Adding up its 29 holdings with company data, SOXQ trades at 36.1 times trailing earnings and 21.7 times analysts' forward estimates, with a price-to-book ratio of 11.16 and a dividend yield of 0.65%. Its earnings yield of 2.77% is 2.56 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 60.6% of the fund and earn 78.1% of its combined profit. Companies that lost money over the past year are 4.2% 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 99.1% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: SOXQ chart, SOXQ performance, SOXQ holdings, SOXQ dividends.
SOXQ valuation FAQ
What is the P/E ratio of SOXQ?
Based on its holdings, SOXQ has a trailing P/E of 36.1 and a forward P/E of 21.7 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of SOXQ?
The trailing earnings yield is 2.77% (1 ÷ P/E) and the forward earnings yield 4.61%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is SOXQ more expensive than the S&P 500?
SOXQ trades at 36.1 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 21.7 and 19.9.
What is the price-to-book ratio of SOXQ?
The holdings of SOXQ trade at 11.16 times book value, with a combined return on equity of 30.9%.