SP Funds S&P Global Technology ETF (SPTE) Valuation
SPTE valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 31.4 trailing earnings
- Forward P/E
- 22.9 analyst estimates
- Price / sales
- 1.56
- Price / book
- 12.16
- EV / EBITDA
- 23.0
- Earnings yield
- 3.19% inverse of P/E
- Dividend yield
- 0.66% of the holdings
- Return on equity
- 38.8% combined
- Net margin
- 5.0% combined
- Beta
- 1.47 weighted, vs S&P 500
SPTE valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| SPTE | 31.4 | 22.9 | 1.56 | 12.16 | 0.66% | 38.8% | 5.0% | 0.3% |
| 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.
SPTE valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 96.8% | 31.4 | 22.9 | 1.56 | 12.16 | 0.66% | 38.8% |
SPTE 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 SPTE weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
SPTE largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 12.74% | 39.4 | 35.2 | 10.7 | 0.31% | 13.54% |
| TSM | Taiwan Semiconductor Manufacturing Company Limited | 11.23% | 26.7 | 21.4 | 0.4 | 0.91% | 17.58% |
| NVDA | NVIDIA Corporation | 11.20% | 27.1 | 24.9 | 17.1 | 0.47% | 17.32% |
| MSFT | Microsoft Corporation | 9.37% | 29.5 | 25.1 | 11.8 | 0.74% | 13.31% |
| ASML | ASML Holding N.V. | 5.61% | — | — | — | — | — |
| AVGO | Broadcom Inc. | 4.07% | 43.3 | 19.4 | 17.6 | 0.79% | 3.93% |
| 2454 | MediaTek Inc | 3.70% | — | — | — | — | — |
| MU | Micron Technology, Inc. | 2.51% | 11.8 | 7.0 | 7.5 | 0.07% | 8.89% |
| SAP | SAP SE | 2.32% | 28.8 | 33.1 | 6.8 | 1.31% | 3.37% |
| AMD | Advanced Micro Devices, Inc. | 2.18% | 134.9 | 39.5 | 20.9 | — | 0.68% |
| SHOP | Shopify Inc. | 2.00% | 114.5 | 58.8 | 16.6 | — | 0.73% |
| 2308 | Delta Electronics Inc | 1.75% | — | — | — | — | — |
| ATEYY | Advantest Corp DRC | 1.57% | — | — | — | — | — |
| ASX | ASE Technology Holding Co., Ltd. | 1.38% | 47.1 | 12.3 | 0.1 | 1.06% | 1.23% |
| CSCO | Cisco Systems, Inc. | 1.04% | 32.2 | 19.8 | 6.7 | 1.56% | 1.35% |
| 2383 | Elite Material Co Ltd | 0.98% | — | — | — | — | — |
| 6861 | Keyence | 0.94% | — | — | — | — | — |
| UMC | United Microelectronics Corporation | 0.87% | 18.7 | 23.8 | 0.2 | 2.02% | 1.94% |
| AMAT | Applied Materials, Inc. | 0.77% | 35.3 | 23.4 | 10.5 | 0.52% | 0.91% |
| MRAAY | Murata Manufacturing Inc | 0.76% | — | — | — | — | — |
| PANW | Palo Alto Networks, Inc. | 0.75% | 855.0 | 94.3 | 24.4 | — | 0.04% |
| LRCX | Lam Research Corporation | 0.72% | 45.8 | 33.7 | 14.2 | 0.50% | 0.66% |
| IFNNY | Infineon Technologies AG ADR | 0.70% | — | — | — | — | — |
| TXN | Texas Instruments Incorporated | 0.66% | 42.1 | 27.5 | 13.0 | 2.20% | 0.66% |
| IBM | International Business Machines Corporation | 0.64% | 20.6 | 17.4 | 3.2 | 2.91% | 1.30% |
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 SPTE valuation
Adding up its 67 holdings with company data, SPTE trades at 31.4 times trailing earnings and 22.9 times analysts' forward estimates, with a price-to-book ratio of 12.16 and a dividend yield of 0.66%. Its earnings yield of 3.19% is 2.14 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 64.9% of the fund and earn 80.6% of its combined profit. Companies that lost money over the past year are 0.3% 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 76.8% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: SPTE chart, SPTE performance, SPTE holdings, SPTE dividends.
SPTE valuation FAQ
What is the P/E ratio of SPTE?
Based on its holdings, SPTE has a trailing P/E of 31.4 and a forward P/E of 22.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of SPTE?
The trailing earnings yield is 3.19% (1 ÷ P/E) and the forward earnings yield 4.36%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is SPTE more expensive than the S&P 500?
SPTE trades at 31.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 22.9 and 19.9.
What is the price-to-book ratio of SPTE?
The holdings of SPTE trade at 12.16 times book value, with a combined return on equity of 38.8%.