T. Rowe Price Technology ETF (TTEQ) Valuation
TTEQ valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 44.2 trailing earnings
- Forward P/E
- 25.2 analyst estimates
- Price / sales
- 0.32
- Price / book
- 10.25
- EV / EBITDA
- 26.8
- Earnings yield
- 2.26% inverse of P/E
- Dividend yield
- 0.30% of the holdings
- Return on equity
- 23.2% combined
- Net margin
- 0.7% combined
- Beta
- 1.71 weighted, vs S&P 500
TTEQ valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| TTEQ | 44.2 | 25.2 | 0.32 | 10.25 | 0.30% | 23.2% | 0.7% | 17.7% |
| 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.
TTEQ valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 75.5% | 46.8 | 24.2 | 0.25 | 11.51 | 0.32% | 24.6% |
| Communication Services | 8.4% | 21.8 | 22.2 | 8.41 | 7.04 | 0.28% | 32.3% |
| Consumer Cyclical | 4.2% | 22.5 | 23.6 | 1.10 | 3.84 | 0.17% | 17.1% |
| Industrials | 3.8% | n/m | 143.2 | 37.67 | 14.19 | 0.00% | −3.8% |
| Financial Services | 3.6% | 37.4 | 24.8 | 14.03 | 14.37 | 0.48% | 38.5% |
| Healthcare | 2.0% | n/m | 72.8 | 18.90 | 14.04 | 0.00% | −23.3% |
TTEQ 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 TTEQ weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
TTEQ largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 10.94% | 27.1 | 24.9 | 17.1 | 0.47% | 20.59% |
| AMD | Advanced Micro Devices, Inc. | 7.52% | 134.9 | 39.5 | 20.9 | — | 2.84% |
| AVGO | Broadcom Inc. | 5.08% | 43.3 | 19.4 | 17.6 | 0.79% | 5.97% |
| TSM | Taiwan Semiconductor Manufacturing Company Limited | 4.77% | 26.7 | 21.4 | 0.4 | 0.91% | 9.09% |
| INTC | Intel Corporation | 4.41% | — | 63.3 | 8.3 | — | −5.30% |
| META | Meta Platforms, Inc. | 3.97% | 26.7 | 22.1 | 7.9 | 0.30% | 7.57% |
| MU | Micron Technology, Inc. | 3.17% | 11.8 | 7.0 | 7.5 | 0.07% | 13.66% |
| SPCX | Space Exploration Technologies Corp. | 3.14% | — | 200.0 | 83.5 | — | −0.70% |
| AMZN | Amazon.com, Inc. | 3.14% | 20.1 | 23.6 | 3.5 | — | 7.95% |
| ASML | ASML Holding N.V. | 2.73% | 40.4 | 28.9 | 16.0 | 0.55% | 3.44% |
| IFNNY | Infineon Technologies AG ADR | 2.15% | — | — | — | — | — |
| SNOW | Snowflake Inc. | 2.13% | — | 169.5 | 19.9 | — | −1.12% |
| TEAM | Atlassian Corporation | 1.99% | — | 36.2 | 8.0 | — | −0.06% |
| SNPS | Synopsys, Inc. | 1.99% | 80.3 | 23.3 | 9.3 | — | 1.26% |
| AAPL | Apple Inc. | 1.88% | 39.4 | 35.2 | 10.7 | 0.31% | 2.44% |
| V | Visa Inc. | 1.60% | 34.3 | 24.0 | 17.0 | 0.67% | 2.38% |
| ORCL | Oracle Corporation | 1.48% | 20.1 | 17.8 | 5.4 | 1.56% | 3.75% |
| PLTR | Palantir Technologies Inc. | 1.48% | 160.4 | 85.5 | 72.6 | — | 0.47% |
| GOOGL | Alphabet Inc. | 1.35% | 17.1 | 22.8 | 9.3 | 0.26% | 4.03% |
| SKHY | SK Hynix Inc. American Depositary Shares | 1.31% | 8.7 | 5.4 | 0.0 | 0.08% | 7.65% |
| GOOG | Alphabet Inc. | 1.26% | 16.9 | 21.8 | 9.2 | 0.26% | 3.79% |
| DDOG | Datadog, Inc. | 1.15% | 494.2 | 84.7 | 22.4 | — | 0.12% |
| MA | Mastercard Incorporated | 1.11% | 34.0 | 24.2 | 15.4 | 0.56% | 1.66% |
| ADYEY | Adyen NV | 1.08% | — | — | — | — | — |
| MSFT | Microsoft Corporation | 1.01% | 29.5 | 25.1 | 11.8 | 0.74% | 1.74% |
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 TTEQ valuation
Adding up its 53 holdings with company data, TTEQ trades at 44.2 times trailing earnings and 25.2 times analysts' forward estimates, with a price-to-book ratio of 10.25 and a dividend yield of 0.30%. Its earnings yield of 2.26% is 3.06 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 48.9% of the fund and earn 65.1% of its combined profit. By sector, Technology is the most expensive at 46.8 times earnings and Communication Services the cheapest at 21.8. Companies that lost money over the past year are 17.7% 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 88.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: TTEQ chart, TTEQ performance, TTEQ holdings.
TTEQ valuation FAQ
What is the P/E ratio of TTEQ?
Based on its holdings, TTEQ has a trailing P/E of 44.2 and a forward P/E of 25.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of TTEQ?
The trailing earnings yield is 2.26% (1 ÷ P/E) and the forward earnings yield 3.97%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is TTEQ more expensive than the S&P 500?
TTEQ trades at 44.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 25.2 and 19.9.
What is the price-to-book ratio of TTEQ?
The holdings of TTEQ trade at 10.25 times book value, with a combined return on equity of 23.2%.
Which sector in TTEQ has the highest P/E?
Technology has the highest P/E at 46.8 and Communication Services the lowest at 21.8.