VanEck Technology TruSector ETF (TRUT) Valuation
TRUT valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 32.2 trailing earnings
- Forward P/E
- 23.7 analyst estimates
- Price / sales
- 10.15
- Price / book
- 13.81
- EV / EBITDA
- 24.4
- Earnings yield
- 3.11% inverse of P/E
- Dividend yield
- 0.53% of the holdings
- Return on equity
- 42.9% combined
- Net margin
- 31.5% combined
- Beta
- 1.53 weighted, vs S&P 500
TRUT valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| TRUT | 32.2 | 23.7 | 10.15 | 13.81 | 0.53% | 42.9% | 31.5% | 1.5% |
| 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.
TRUT valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 70.4% | 32.2 | 23.7 | 10.15 | 13.81 | 0.53% | 42.9% |
TRUT 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 TRUT weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
TRUT largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| XLK | The Select Sector SPDR Trust - The Technology Select Sector SPDR Fund | 30.92% | — | — | — | — | — |
| AAPL | Apple Inc. | 16.17% | 39.4 | 35.2 | 10.7 | 0.31% | 18.79% |
| NVDA | NVIDIA Corporation | 15.87% | 27.1 | 24.9 | 17.1 | 0.47% | 26.83% |
| MSFT | Microsoft Corporation | 12.47% | 29.5 | 25.1 | 11.8 | 0.74% | 19.36% |
| AVGO | Broadcom Inc. | 4.73% | 43.3 | 19.4 | 17.6 | 0.79% | 4.99% |
| MU | Micron Technology, Inc. | 2.86% | 11.8 | 7.0 | 7.5 | 0.07% | 11.07% |
| AMD | Advanced Micro Devices, Inc. | 2.04% | 134.9 | 39.5 | 20.9 | — | 0.69% |
| PLTR | Palantir Technologies Inc. | 1.02% | 160.4 | 85.5 | 72.6 | — | 0.29% |
| INTC | Intel Corporation | 0.91% | — | 63.3 | 8.3 | — | −0.99% |
| CSCO | Cisco Systems, Inc. | 0.91% | 32.2 | 19.8 | 6.7 | 1.56% | 1.29% |
| PANW | Palo Alto Networks, Inc. | 0.69% | 855.0 | 94.3 | 24.4 | — | 0.04% |
| AMAT | Applied Materials, Inc. | 0.68% | 35.3 | 23.4 | 10.5 | 0.52% | 0.88% |
| LRCX | Lam Research Corporation | 0.61% | 45.8 | 33.7 | 14.2 | 0.50% | 0.60% |
| CRWD | CrowdStrike Holdings, Inc. | 0.55% | — | 208.3 | 43.1 | — | 0.01% |
| TXN | Texas Instruments Incorporated | 0.54% | 42.1 | 27.5 | 13.0 | 2.20% | 0.59% |
| IBM | International Business Machines Corporation | 0.54% | 20.6 | 17.4 | 3.2 | 2.91% | 1.21% |
| ORCL | Oracle Corporation | 0.49% | 20.1 | 17.8 | 5.4 | 1.56% | 1.11% |
| MRVL | Marvell Technology, Inc. | 0.43% | 72.3 | 62.1 | 21.7 | 0.11% | 0.27% |
| KLAC | KLA Corporation | 0.43% | 45.3 | 34.8 | 15.9 | 0.56% | 0.43% |
| QCOM | QUALCOMM Incorporated | 0.42% | 19.9 | 19.6 | 4.2 | 2.14% | 0.97% |
| CRM | Salesforce, Inc. | 0.42% | 22.0 | 14.0 | 4.5 | 0.73% | 0.87% |
| ADI | Analog Devices, Inc. | 0.41% | 47.0 | 23.2 | 13.8 | 1.11% | 0.40% |
| APH | Amphenol Corporation | 0.40% | 39.7 | 24.6 | 6.7 | 0.63% | 0.47% |
| ANET | Arista Networks, Inc. | 0.39% | 55.8 | 39.2 | 21.2 | — | 0.32% |
| SNDK | Sandisk Corporation | 0.39% | 17.6 | 8.0 | 9.3 | — | 1.00% |
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 TRUT valuation
Adding up its 75 holdings with company data, TRUT trades at 32.2 times trailing earnings and 23.7 times analysts' forward estimates, with a price-to-book ratio of 13.81 and a dividend yield of 0.53%. Its earnings yield of 3.11% is 2.22 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 87.9% of the fund and earn 82.4% of its combined profit. Companies that lost money over the past year are 1.5% 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 69.5% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: TRUT chart, TRUT performance, TRUT holdings, TRUT dividends.
TRUT valuation FAQ
What is the P/E ratio of TRUT?
Based on its holdings, TRUT has a trailing P/E of 32.2 and a forward P/E of 23.7 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of TRUT?
The trailing earnings yield is 3.11% (1 ÷ P/E) and the forward earnings yield 4.22%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is TRUT more expensive than the S&P 500?
TRUT trades at 32.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 23.7 and 19.9.
What is the price-to-book ratio of TRUT?
The holdings of TRUT trade at 13.81 times book value, with a combined return on equity of 42.9%.