iShares U.S. Tech Breakthrough Multisector ETF (TECB) Valuation
TECB valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 44.4 trailing earnings
- Forward P/E
- 23.9 analyst estimates
- Price / sales
- 7.24
- Price / book
- 8.22
- EV / EBITDA
- 19.7
- Earnings yield
- 2.25% inverse of P/E
- Dividend yield
- 0.57% of the holdings
- Return on equity
- 18.5% combined
- Net margin
- 16.3% combined
- Beta
- 1.25 weighted, vs S&P 500
TECB valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| TECB | 44.4 | 23.9 | 7.24 | 8.22 | 0.57% | 18.5% | 16.3% | 9.1% |
| 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.
TECB valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 58.9% | 56.0 | 26.8 | 8.17 | 9.61 | 0.54% | 17.2% |
| Healthcare | 13.6% | 88.8 | 18.0 | 7.88 | 6.25 | 0.80% | 7.0% |
| Communication Services | 10.4% | 22.6 | 20.2 | 6.75 | 6.71 | 0.25% | 29.7% |
| Financial Services | 9.1% | 31.3 | 22.6 | 10.01 | 13.16 | 0.63% | 42.1% |
| Consumer Cyclical | 4.9% | 23.5 | 23.4 | 3.03 | 5.73 | 0.09% | 24.4% |
| Real Estate | 1.4% | 72.1 | 57.1 | 8.09 | 5.08 | 2.48% | 7.0% |
| Industrials | 0.9% | 27.8 | 16.2 | 2.66 | 3.18 | 1.06% | 11.4% |
| Energy | 0.5% | 17.9 | 18.0 | 1.99 | 2.89 | 1.65% | 16.2% |
TECB 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 TECB weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
TECB largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MSFT | Microsoft Corporation | 4.57% | 29.5 | 25.1 | 11.8 | 0.74% | 6.91% |
| PANW | Palo Alto Networks, Inc. | 4.54% | 855.0 | 94.3 | 24.4 | — | 0.24% |
| V | Visa Inc. | 4.50% | 34.3 | 24.0 | 17.0 | 0.67% | 5.85% |
| PLTR | Palantir Technologies Inc. | 4.42% | 160.4 | 85.5 | 72.6 | — | 1.23% |
| MRK | Merck & Co., Inc. | 4.30% | 115.8 | 15.3 | 5.4 | 2.33% | 1.65% |
| AMD | Advanced Micro Devices, Inc. | 4.15% | 134.9 | 39.5 | 20.9 | — | 1.37% |
| META | Meta Platforms, Inc. | 4.04% | 26.7 | 22.1 | 7.9 | 0.30% | 6.74% |
| AAPL | Apple Inc. | 4.01% | 39.4 | 35.2 | 10.7 | 0.31% | 4.54% |
| NVDA | NVIDIA Corporation | 3.67% | 27.1 | 24.9 | 17.1 | 0.47% | 6.04% |
| AMZN | Amazon.com, Inc. | 3.64% | 20.1 | 23.6 | 3.5 | — | 8.07% |
| CRWD | CrowdStrike Holdings, Inc. | 3.56% | — | 208.3 | 43.1 | — | 0.04% |
| MA | Mastercard Incorporated | 3.38% | 34.0 | 24.2 | 15.4 | 0.56% | 4.44% |
| GOOGL | Alphabet Inc. | 3.11% | 17.1 | 22.8 | 9.3 | 0.26% | 8.10% |
| INTC | Intel Corporation | 3.05% | — | 63.3 | 8.3 | — | −3.21% |
| NFLX | Netflix, Inc. | 2.69% | 22.2 | 18.7 | 6.1 | — | 5.41% |
| VRTX | Vertex Pharmaceuticals Incorporated | 2.56% | 28.9 | 24.1 | 10.1 | — | 3.94% |
| TXN | Texas Instruments Incorporated | 2.55% | 42.1 | 27.5 | 13.0 | 2.20% | 2.70% |
| ADI | Analog Devices, Inc. | 1.91% | 47.0 | 23.2 | 13.8 | 1.11% | 1.82% |
| IBM | International Business Machines Corporation | 1.83% | 20.6 | 17.4 | 3.2 | 2.91% | 3.95% |
| QCOM | QUALCOMM Incorporated | 1.78% | 19.9 | 19.6 | 4.2 | 2.14% | 3.98% |
| ORCL | Oracle Corporation | 1.67% | 20.1 | 17.8 | 5.4 | 1.56% | 3.70% |
| REGN | Regeneron Pharmaceuticals, Inc. | 1.64% | 19.6 | 14.5 | 5.2 | 0.48% | 3.74% |
| FTNT | Fortinet, Inc. | 1.61% | 59.8 | 45.0 | 16.5 | — | 1.20% |
| CRM | Salesforce, Inc. | 1.55% | 22.0 | 14.0 | 4.5 | 0.73% | 3.13% |
| ISRG | Intuitive Surgical, Inc. | 1.50% | 48.9 | 33.3 | 13.7 | — | 1.37% |
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 TECB valuation
Adding up its 169 holdings with company data, TECB trades at 44.4 times trailing earnings and 23.9 times analysts' forward estimates, with a price-to-book ratio of 8.22 and a dividend yield of 0.57%. Its earnings yield of 2.25% is 3.08 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 41.9% of the fund and earn 42.6% of its combined profit. By sector, Healthcare is the most expensive at 88.8 times earnings and Energy the cheapest at 17.9. Companies that lost money over the past year are 9.1% 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 99.99% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: TECB chart, TECB performance, TECB holdings, TECB dividends.
TECB valuation FAQ
What is the P/E ratio of TECB?
Based on its holdings, TECB has a trailing P/E of 44.4 and a forward P/E of 23.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of TECB?
The trailing earnings yield is 2.25% (1 ÷ P/E) and the forward earnings yield 4.19%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is TECB more expensive than the S&P 500?
TECB trades at 44.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 23.9 and 19.9.
What is the price-to-book ratio of TECB?
The holdings of TECB trade at 8.22 times book value, with a combined return on equity of 18.5%.
Which sector in TECB has the highest P/E?
Healthcare has the highest P/E at 88.8 and Energy the lowest at 17.9.