T. Rowe Price Blue Chip Growth ETF (TCHP) Valuation
TCHP valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 28.3 trailing earnings
- Forward P/E
- 23.4 analyst estimates
- Price / sales
- 0.52
- Price / book
- 10.39
- EV / EBITDA
- 21.2
- Earnings yield
- 3.54% inverse of P/E
- Dividend yield
- 0.47% of the holdings
- Return on equity
- 36.8% combined
- Net margin
- 1.8% combined
- Beta
- 1.55 weighted, vs S&P 500
TCHP valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| TCHP | 28.3 | 23.4 | 0.52 | 10.39 | 0.47% | 36.8% | 1.8% | 0.4% |
| 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.
TCHP valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 54.4% | 32.3 | 23.6 | 0.30 | 15.77 | 0.49% | 48.9% |
| Communication Services | 17.7% | 19.1 | 21.3 | 7.71 | 6.81 | 0.33% | 35.6% |
| Consumer Cyclical | 10.9% | 30.4 | 29.1 | 3.59 | 8.50 | 0.16% | 28.0% |
| Financial Services | 6.7% | 23.1 | 18.6 | 6.37 | 6.10 | 1.02% | 26.5% |
| Healthcare | 5.7% | 39.9 | 23.9 | 4.75 | 7.78 | 0.62% | 19.5% |
| Industrials | 3.1% | 37.8 | 35.2 | 6.80 | 15.01 | 0.40% | 39.7% |
| Utilities | 0.4% | 26.5 | 20.7 | 3.07 | 3.16 | 0.63% | 11.9% |
| Basic Materials | 0.3% | 32.2 | 23.6 | 6.48 | 5.48 | 1.28% | 17.0% |
TCHP 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 TCHP weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
TCHP largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 18.42% | 27.1 | 24.9 | 17.1 | 0.47% | 19.38% |
| MSFT | Microsoft Corporation | 5.94% | 29.5 | 25.1 | 11.8 | 0.74% | 5.74% |
| GOOG | Alphabet Inc. | 5.77% | 16.9 | 21.8 | 9.2 | 0.26% | 9.73% |
| AVGO | Broadcom Inc. | 5.66% | 43.3 | 19.4 | 17.6 | 0.79% | 3.72% |
| GOOGL | Alphabet Inc. | 5.45% | 17.1 | 22.8 | 9.3 | 0.26% | 9.09% |
| AAPL | Apple Inc. | 5.18% | 39.4 | 35.2 | 10.7 | 0.31% | 3.75% |
| META | Meta Platforms, Inc. | 4.55% | 26.7 | 22.1 | 7.9 | 0.30% | 4.85% |
| AMD | Advanced Micro Devices, Inc. | 3.84% | 134.9 | 39.5 | 20.9 | — | 0.81% |
| AMZN | Amazon.com, Inc. | 3.25% | 20.1 | 23.6 | 3.5 | — | 4.60% |
| CVNA | Carvana Co. | 3.06% | 31.1 | 29.9 | 2.6 | — | 2.80% |
| LLY | Eli Lilly and Company | 2.94% | 42.2 | 24.4 | 14.1 | 0.55% | 1.99% |
| V | Visa Inc. | 2.54% | 34.3 | 24.0 | 17.0 | 0.67% | 2.11% |
| TSLA | Tesla, Inc. | 2.09% | 328.4 | 158.7 | 13.5 | — | 0.18% |
| LRCX | Lam Research Corporation | 1.78% | 45.8 | 33.7 | 14.2 | 0.50% | 1.11% |
| MA | Mastercard Incorporated | 1.75% | 34.0 | 24.2 | 15.4 | 0.56% | 1.47% |
| GCP | General Electric Company | 1.65% | — | — | — | — | — |
| AMAT | Applied Materials, Inc. | 1.64% | 35.3 | 23.4 | 10.5 | 0.52% | 1.32% |
| NFLX | Netflix, Inc. | 1.46% | 22.2 | 18.7 | 6.1 | — | 1.87% |
| ASML | ASML Holding N.V. | 1.45% | 40.4 | 28.9 | 16.0 | 0.55% | 1.02% |
| MU | Micron Technology, Inc. | 1.43% | 11.8 | 7.0 | 7.5 | 0.07% | 3.45% |
| TSM | Taiwan Semiconductor Manufacturing Company Limited | 0.96% | 26.7 | 21.4 | 0.4 | 0.91% | 1.02% |
| SKHY | SK Hynix Inc. American Depositary Shares | 0.94% | 8.7 | 5.4 | 0.0 | 0.08% | 3.08% |
| CB | Chubb Limited | 0.91% | 12.7 | 11.6 | 2.2 | 1.13% | 2.03% |
| GEV | GE Vernova Inc. | 0.90% | 26.4 | 38.8 | 5.9 | 0.22% | 0.98% |
| SHOP | Shopify Inc. | 0.88% | 114.5 | 58.8 | 16.6 | — | 0.22% |
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 TCHP valuation
Adding up its 63 holdings with company data, TCHP trades at 28.3 times trailing earnings and 23.4 times analysts' forward estimates, with a price-to-book ratio of 10.39 and a dividend yield of 0.47%. Its earnings yield of 3.54% is 1.79 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 61.1% of the fund and earn 64.5% of its combined profit. By sector, Healthcare is the most expensive at 39.9 times earnings and Communication Services the cheapest at 19.1. Companies that lost money over the past year are 0.4% 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 98.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: TCHP chart, TCHP performance, TCHP holdings.
TCHP valuation FAQ
What is the P/E ratio of TCHP?
Based on its holdings, TCHP has a trailing P/E of 28.3 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 TCHP?
The trailing earnings yield is 3.54% (1 ÷ P/E) and the forward earnings yield 4.27%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is TCHP more expensive than the S&P 500?
TCHP trades at 28.3 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 TCHP?
The holdings of TCHP trade at 10.39 times book value, with a combined return on equity of 36.8%.
Which sector in TCHP has the highest P/E?
Healthcare has the highest P/E at 39.9 and Communication Services the lowest at 19.1.