Lazard Next Gen Technologies ETF (TEKY) Valuation
TEKY valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 44.6 trailing earnings
- Forward P/E
- 29.9 analyst estimates
- Price / sales
- 3.31
- Price / book
- 8.81
- EV / EBITDA
- 28.3
- Earnings yield
- 2.24% inverse of P/E
- Dividend yield
- 0.30% of the holdings
- Return on equity
- 19.7% combined
- Net margin
- 7.4% combined
- Beta
- 1.44 weighted, vs S&P 500
TEKY valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| TEKY | 44.6 | 29.9 | 3.31 | 8.81 | 0.30% | 19.7% | 7.4% | 10.6% |
| 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.
TEKY valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 76.2% | 60.6 | 32.3 | 4.30 | 10.93 | 0.29% | 18.0% |
| Communication Services | 6.5% | 18.4 | 22.7 | 9.03 | 6.97 | 0.27% | 37.9% |
| Consumer Cyclical | 6.5% | 21.5 | 21.7 | 0.78 | 3.26 | 0.27% | 15.1% |
TEKY 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 TEKY weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
TEKY largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 5.92% | 27.1 | 24.9 | 17.1 | 0.47% | 13.23% |
| GOOGL | Alphabet Inc. | 5.27% | 17.1 | 22.8 | 9.3 | 0.26% | 18.67% |
| AMZN | Amazon.com, Inc. | 4.14% | 20.1 | 23.6 | 3.5 | — | 12.45% |
| TSM | Taiwan Semiconductor Manufacturing Company Limited | 3.97% | 26.7 | 21.4 | 0.4 | 0.91% | 8.99% |
| PLTR | Palantir Technologies Inc. | 3.43% | 160.4 | 85.5 | 72.6 | — | 1.29% |
| CRWD | CrowdStrike Holdings, Inc. | 3.08% | — | 208.3 | 43.1 | — | 0.05% |
| DDOG | Datadog, Inc. | 3.02% | 494.2 | 84.7 | 22.4 | — | 0.37% |
| MSFT | Microsoft Corporation | 2.92% | 29.5 | 25.1 | 11.8 | 0.74% | 6.00% |
| 6857 | Advantest Corp. | 2.88% | — | — | — | — | — |
| AMD | Advanced Micro Devices, Inc. | 2.84% | 134.9 | 39.5 | 20.9 | — | 1.28% |
| DT | Dynatrace, Inc. | 2.78% | 122.2 | 29.6 | 8.5 | — | 1.37% |
| ADSK | Autodesk, Inc. | 2.64% | 31.1 | 17.6 | 6.4 | — | 5.14% |
| PANW | Palo Alto Networks, Inc. | 2.56% | 855.0 | 94.3 | 24.4 | — | 0.18% |
| TWLO | Twilio Inc | 2.54% | 33.8 | 43.7 | 6.7 | — | 4.55% |
| ASML | ASML Holding N.V. | 2.25% | 40.4 | 28.9 | 16.0 | 0.55% | 3.37% |
| CSCO | Cisco Systems, Inc. | 2.15% | 32.2 | 19.8 | 6.7 | 1.56% | 4.03% |
| AVGO | Broadcom Inc. | 2.12% | 43.3 | 19.4 | 17.6 | 0.79% | 2.96% |
| ANET | Arista Networks, Inc. | 2.07% | 55.8 | 39.2 | 21.2 | — | 2.24% |
| APH | Amphenol Corporation | 2.05% | 39.7 | 24.6 | 6.7 | 0.63% | 3.12% |
| CDNS | Cadence Design Systems, Inc. | 1.90% | 63.5 | 31.5 | 15.1 | — | 1.81% |
| NET | Cloudflare, Inc. | 1.89% | — | 178.6 | 42.0 | — | −0.20% |
| 8035 | Tokyo Electron Limited | 1.87% | — | — | — | — | — |
| ETN | Eaton Corporation plc | 1.86% | 39.8 | 27.6 | 5.1 | 1.12% | 2.82% |
| AMAT | Applied Materials, Inc. | 1.84% | 35.3 | 23.4 | 10.5 | 0.52% | 3.15% |
| PRY | Prysmian SpA | 1.76% | — | — | — | — | — |
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 TEKY valuation
Adding up its 30 holdings with company data, TEKY trades at 44.6 times trailing earnings and 29.9 times analysts' forward estimates, with a price-to-book ratio of 8.81 and a dividend yield of 0.30%. Its earnings yield of 2.24% is 3.09 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 37.5% of the fund and earn 63.7% of its combined profit. By sector, Technology is the most expensive at 60.6 times earnings and Communication Services the cheapest at 18.4. Companies that lost money over the past year are 10.6% 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 76.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: TEKY chart, TEKY performance, TEKY holdings, TEKY dividends.
TEKY valuation FAQ
What is the P/E ratio of TEKY?
Based on its holdings, TEKY has a trailing P/E of 44.6 and a forward P/E of 29.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of TEKY?
The trailing earnings yield is 2.24% (1 ÷ P/E) and the forward earnings yield 3.35%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is TEKY more expensive than the S&P 500?
TEKY trades at 44.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 29.9 and 19.9.
What is the price-to-book ratio of TEKY?
The holdings of TEKY trade at 8.81 times book value, with a combined return on equity of 19.7%.
Which sector in TEKY has the highest P/E?
Technology has the highest P/E at 60.6 and Communication Services the lowest at 18.4.