iShares Technology Opportunities Active ETF (TEK) Valuation
TEK valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 43.0 trailing earnings
- Forward P/E
- 27.3 analyst estimates
- Price / sales
- 4.08
- Price / book
- 12.63
- EV / EBITDA
- 27.7
- Earnings yield
- 2.33% inverse of P/E
- Dividend yield
- 0.35% of the holdings
- Return on equity
- 29.4% combined
- Net margin
- 9.5% combined
- Beta
- 1.59 weighted, vs S&P 500
TEK valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| TEK | 43.0 | 27.3 | 4.08 | 12.63 | 0.35% | 29.4% | 9.5% | 12.6% |
| 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.
TEK valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 84.8% | 45.0 | 26.4 | 3.75 | 14.03 | 0.38% | 31.2% |
| Communication Services | 3.9% | 19.9 | 23.9 | 9.74 | 6.85 | 0.24% | 34.4% |
| Consumer Cyclical | 3.7% | 27.4 | 31.1 | 4.40 | 6.12 | 0.00% | 22.3% |
| Industrials | 3.3% | n/m | 200.0 | 83.53 | 15.37 | 0.00% | −6.8% |
| Financial Services | 1.1% | 29.2 | 23.1 | 9.92 | 8.55 | 0.86% | 29.3% |
TEK 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 TEK weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
TEK largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 10.34% | 27.1 | 24.9 | 17.1 | 0.47% | 19.70% |
| MSFT | Microsoft Corporation | 7.42% | 29.5 | 25.1 | 11.8 | 0.74% | 12.98% |
| AAPL | Apple Inc. | 6.17% | 39.4 | 35.2 | 10.7 | 0.31% | 8.08% |
| AVGO | Broadcom Inc. | 6.05% | 43.3 | 19.4 | 17.6 | 0.79% | 7.21% |
| TSM | Taiwan Semiconductor Manufacturing Company Limited | 5.07% | 26.7 | 21.4 | 0.4 | 0.91% | 9.78% |
| AMD | Advanced Micro Devices, Inc. | 4.61% | 134.9 | 39.5 | 20.9 | — | 1.77% |
| 005930 | Samsung Electronics Co Ltd | 4.30% | — | — | — | — | — |
| LRCX | Lam Research Corporation | 3.31% | 45.8 | 33.7 | 14.2 | 0.50% | 3.73% |
| SPCX | Space Exploration Technologies Corp. | 3.27% | — | 200.0 | 83.5 | — | −0.74% |
| INTC | Intel Corporation | 2.90% | — | 63.3 | 8.3 | — | −3.52% |
| GOOGL | Alphabet Inc. | 2.88% | 17.1 | 22.8 | 9.3 | 0.26% | 8.71% |
| AMZN | Amazon.com, Inc. | 2.67% | 20.1 | 23.6 | 3.5 | — | 6.84% |
| CRWD | CrowdStrike Holdings, Inc. | 2.60% | — | 208.3 | 43.1 | — | 0.04% |
| SNOW | Snowflake Inc. | 2.56% | — | 169.5 | 19.9 | — | −1.37% |
| MU | Micron Technology, Inc. | 2.45% | 11.8 | 7.0 | 7.5 | 0.07% | 10.69% |
| PANW | Palo Alto Networks, Inc. | 2.32% | 855.0 | 94.3 | 24.4 | — | 0.14% |
| 000660 | SK Hynix Inc | 1.75% | — | — | — | — | — |
| 3711 | ASE Industrial Holding Co Ltd | 1.72% | — | — | — | — | — |
| 2383 | Elite Material Co Ltd | 1.59% | — | — | — | — | — |
| LITE | Lumentum Holdings Inc. | 1.57% | — | 42.9 | 24.8 | — | −9.15% |
| ANET | Arista Networks, Inc. | 1.48% | 55.8 | 39.2 | 21.2 | — | 1.37% |
| SNDK | Sandisk Corporation | 1.22% | 17.6 | 8.0 | 9.3 | — | 3.57% |
| WDC | Western Digital Corporation | 1.20% | 12.3 | 22.8 | 9.6 | 0.18% | 5.02% |
| 2368 | Gold Circuit Electronics Ltd | 1.19% | — | — | — | — | — |
| CSCO | Cisco Systems, Inc. | 1.15% | 32.2 | 19.8 | 6.7 | 1.56% | 1.83% |
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 TEK valuation
Adding up its 41 holdings with company data, TEK trades at 43.0 times trailing earnings and 27.3 times analysts' forward estimates, with a price-to-book ratio of 12.63 and a dividend yield of 0.35%. Its earnings yield of 2.33% is 3.00 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 53.4% of the fund and earn 67.7% of its combined profit. By sector, Technology is the most expensive at 45.0 times earnings and Communication Services the cheapest at 19.9. Companies that lost money over the past year are 12.6% 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 85.5% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: TEK chart, TEK performance, TEK holdings, TEK dividends.
TEK valuation FAQ
What is the P/E ratio of TEK?
Based on its holdings, TEK has a trailing P/E of 43.0 and a forward P/E of 27.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of TEK?
The trailing earnings yield is 2.33% (1 ÷ P/E) and the forward earnings yield 3.66%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is TEK more expensive than the S&P 500?
TEK trades at 43.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 27.3 and 19.9.
What is the price-to-book ratio of TEK?
The holdings of TEK trade at 12.63 times book value, with a combined return on equity of 29.4%.
Which sector in TEK has the highest P/E?
Technology has the highest P/E at 45.0 and Communication Services the lowest at 19.9.