TappAlpha Innovation 100 Growth & Daily… (TDAQ) Valuation

Cboe BZX: TDAQP/E, earnings yield and other ratios of the holdings combined.

TDAQ valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 34.1
Forward P/E: 23.3
Price / sales: 5.89
Price / book: 9.26
EV / EBITDA: 21.2
Earnings yield: 2.94%
Dividend yield: 0.59%
Return on equity: 27.2%
Net margin: 17.3%
Beta: 1.42

TDAQ valuation vs other stock ETFs

P/E (TTM)Forward P/E

TDAQ valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
TDAQ	34.1	23.3	5.89	9.26	0.59%	27.2%	17.3%	6.8%
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.

TDAQ valuation by sector

P/E (TTM)Forward P/E

TDAQ valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	57.5%	39.5	22.7	11.59	13.71	0.49%	34.7%
Communication Services	12.1%	18.8	19.0	5.20	5.65	0.58%	30.0%
Consumer Cyclical	11.2%	32.1	29.5	3.49	8.05	0.23%	25.1%
Consumer Defensive	6.6%	34.9	28.8	1.53	7.62	1.38%	21.9%
Industrials	5.2%	60.3	50.0	8.80	9.00	0.46%	14.9%
Healthcare	4.5%	51.9	19.4	6.97	8.37	0.98%	16.1%
Utilities	1.1%	21.5	17.1	2.72	2.08	2.37%	9.7%
Basic Materials	1.0%	32.2	23.6	6.48	5.48	1.28%	17.0%
Energy	0.5%	24.5	12.9	2.55	1.86	1.91%	7.6%
Financial Services	0.2%	10.7	9.1	1.43	2.27	0.99%	21.1%

TDAQ earnings yield vs bond yields

TDAQ earnings yield (forward)

4.30%

TDAQ earnings yield (trailing)

2.94%

TDAQ dividend yield

0.59%

Bond market yield (AGG)

5.33%

T-bill yield (BIL)

3.91%

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 TDAQ weight splits by P/E

Share of the covered weight in companies with a trailing P/E in each range.

TDAQ largest holdings: valuation

TDAQ largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
NVDA	NVIDIA Corporation	8.20%	27.1	24.9	17.1	0.47%	10.36%
AAPL	Apple Inc.	7.95%	39.4	35.2	10.7	0.31%	6.90%
MSFT	Microsoft Corporation	6.16%	29.5	25.1	11.8	0.74%	7.15%
AMZN	Amazon.com, Inc.	4.41%	20.1	23.6	3.5	—	7.50%
MU	Micron Technology, Inc.	4.25%	11.8	7.0	7.5	0.07%	12.30%
AMD	Advanced Micro Devices, Inc.	3.58%	134.9	39.5	20.9	—	0.91%
TSLA	Tesla, Inc.	3.28%	328.4	158.7	13.5	—	0.34%
GOOGL	Alphabet Inc.	3.13%	17.1	22.8	9.3	0.26%	6.26%
META	Meta Platforms, Inc.	3.11%	26.7	22.1	7.9	0.30%	3.99%
GOOG	Alphabet Inc.	2.82%	16.9	21.8	9.2	0.26%	5.70%
WMT	Walmart Inc.	2.71%	43.0	38.0	1.3	0.83%	2.15%
SPCX	Space Exploration Technologies Corp.	2.66%	—	200.0	83.5	—	−0.40%
AVGO	Broadcom Inc.	2.47%	43.3	19.4	17.6	0.79%	1.95%
PLTR	Palantir Technologies Inc.	2.07%	160.4	85.5	72.6	—	0.44%
COST	Costco Wholesale Corporation	2.03%	47.6	40.3	1.4	0.59%	1.46%
INTC	Intel Corporation	1.97%	—	63.3	8.3	—	−1.59%
CSCO	Cisco Systems, Inc.	1.91%	32.2	19.8	6.7	1.56%	2.03%
NFLX	Netflix, Inc.	1.29%	22.2	18.7	6.1	—	1.99%
PANW	Palo Alto Networks, Inc.	1.28%	855.0	94.3	24.4	—	0.05%
AMAT	Applied Materials, Inc.	1.27%	35.3	23.4	10.5	0.52%	1.23%
LRCX	Lam Research Corporation	1.25%	45.8	33.7	14.2	0.50%	0.93%
TXN	Texas Instruments Incorporated	1.14%	42.1	27.5	13.0	2.20%	0.93%
AMGN	Amgen Inc.	1.07%	26.9	16.7	6.1	2.33%	1.37%
CRWD	CrowdStrike Holdings, Inc.	1.05%	—	208.3	43.1	—	0.01%
LIN	Linde plc	1.00%	32.2	23.6	6.5	1.28%	1.06%

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 TDAQ valuation

Adding up its 96 holdings with company data, TDAQ trades at 34.1 times trailing earnings and 23.3 times analysts' forward estimates, with a price-to-book ratio of 9.26 and a dividend yield of 0.59%. Its earnings yield of 2.94% is 2.39 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 46.9% of the fund and earn 61.4% of its combined profit. By sector, Industrials is the most expensive at 60.3 times earnings and Financial Services the cheapest at 10.7. Companies that lost money over the past year are 6.8% 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 99.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

TDAQ valuation FAQ

What is the P/E ratio of TDAQ?

Based on its holdings, TDAQ has a trailing P/E of 34.1 and a forward P/E of 23.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of TDAQ?

The trailing earnings yield is 2.94% (1 ÷ P/E) and the forward earnings yield 4.30%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is TDAQ more expensive than the S&P 500?

TDAQ trades at 34.1 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 23.3 and 19.9.

What is the price-to-book ratio of TDAQ?

The holdings of TDAQ trade at 9.26 times book value, with a combined return on equity of 27.2%.

Which sector in TDAQ has the highest P/E?

Industrials has the highest P/E at 60.3 and Financial Services the lowest at 10.7.