Tema Electrification ETF (VOLT) Valuation
VOLT valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 30.7 trailing earnings
- Forward P/E
- 22.9 analyst estimates
- Price / sales
- 4.34
- Price / book
- 4.14
- EV / EBITDA
- 19.9
- Earnings yield
- 3.26% inverse of P/E
- Dividend yield
- 1.43% of the holdings
- Return on equity
- 13.5% combined
- Net margin
- 14.1% combined
- Beta
- 1.06 weighted, vs S&P 500
VOLT valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| VOLT | 30.7 | 22.9 | 4.34 | 4.14 | 1.43% | 13.5% | 14.1% | 0.0% |
| 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.
VOLT valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Industrials | 45.0% | 39.4 | 27.8 | 4.69 | 9.57 | 0.53% | 24.3% |
| Utilities | 30.2% | 21.6 | 17.7 | 3.64 | 2.13 | 2.96% | 9.9% |
| Technology | 12.8% | 44.5 | 25.5 | 5.05 | 6.18 | 0.38% | 13.9% |
| Energy | 2.4% | 28.4 | 26.8 | 7.08 | 6.77 | 2.95% | 23.9% |
VOLT 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 VOLT weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
VOLT largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| APH | Amphenol Corporation | 6.44% | 39.7 | 24.6 | 6.7 | 0.63% | 5.79% |
| BELFB | Bel Fuse Inc. | 6.38% | 50.8 | 26.5 | 4.0 | 0.13% | 4.47% |
| ETN | Eaton Corporation plc | 5.65% | 39.8 | 27.6 | 5.1 | 1.12% | 5.05% |
| NEE | NextEra Energy, Inc. | 5.58% | 17.9 | 17.7 | 5.8 | 3.12% | 11.07% |
| AEP | American Electric Power Company, Inc. | 5.29% | 22.0 | 17.2 | 3.0 | 2.99% | 8.56% |
| PWR | Quanta Services, Inc. | 5.19% | 72.4 | 33.0 | 2.9 | 0.07% | 2.56% |
| IDA | IDACORP, Inc. | 4.97% | 22.9 | 18.7 | 4.4 | 2.60% | 7.72% |
| POWL | Powell Industries, Inc. | 4.93% | 31.6 | 29.3 | 5.2 | 0.22% | 5.56% |
| HUBB | Hubbell Incorporated | 4.90% | 27.3 | 20.7 | 3.9 | 1.23% | 6.39% |
| OGE | OGE Energy Corp. | 4.71% | 20.9 | 17.2 | 3.0 | 3.61% | 8.02% |
| GEV | GE Vernova Inc. | 4.36% | 26.4 | 38.8 | 5.9 | 0.22% | 5.87% |
| NVT | nVent Electric plc | 4.07% | 39.3 | 25.1 | 4.8 | 0.59% | 3.69% |
| ETR | Entergy Corporation | 3.94% | 26.9 | 19.6 | 3.7 | 2.44% | 5.22% |
| BE | Bloom Energy Corporation | 3.54% | 291.2 | 57.1 | 20.9 | — | 0.43% |
| AEIS | Advanced Energy Industries, Inc. | 3.42% | 44.1 | 19.7 | 4.7 | 0.17% | 2.76% |
| NI | NiSource Inc. | 3.42% | 22.7 | 17.4 | 3.0 | 2.81% | 5.36% |
| ABBN | ABB Ltd | 2.91% | — | — | — | — | — |
| WMB | The Williams Companies, Inc. | 2.42% | 28.4 | 26.8 | 7.1 | 2.95% | 3.03% |
| XEL | Xcel Energy Inc. | 2.29% | 20.9 | 16.0 | 3.3 | 3.11% | 3.90% |
| CAT | Caterpillar Inc. | 2.08% | 31.5 | 25.4 | 4.5 | 0.89% | 2.35% |
| JCI | Johnson Controls International plc | 1.77% | 41.1 | 23.9 | 3.5 | 1.10% | 1.54% |
| US50012A1088 | KODIAK GAS SERVICES INC | 1.34% | — | — | — | — | — |
| SU | Schneider Electric S.E. | 1.30% | — | — | — | — | — |
| VRT | Vertiv Holdings Co | 0.86% | 46.7 | 27.8 | 6.9 | 0.12% | 0.66% |
| FXFXX | First American Funds Inc. - Treasury Obligations Fund | 0.67% | — | — | — | — | — |
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 VOLT valuation
Adding up its 21 holdings with company data, VOLT trades at 30.7 times trailing earnings and 22.9 times analysts' forward estimates, with a price-to-book ratio of 4.14 and a dividend yield of 1.43%. Its earnings yield of 3.26% is 2.07 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 54.1% of the fund and earn 65.2% of its combined profit. By sector, Technology is the most expensive at 44.5 times earnings and Utilities the cheapest at 21.6. Companies that lost money over the past year are 0.0% 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 93.3% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: VOLT chart, VOLT performance, VOLT holdings, VOLT dividends.
VOLT valuation FAQ
What is the P/E ratio of VOLT?
Based on its holdings, VOLT has a trailing P/E of 30.7 and a forward P/E of 22.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of VOLT?
The trailing earnings yield is 3.26% (1 ÷ P/E) and the forward earnings yield 4.36%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is VOLT more expensive than the S&P 500?
VOLT trades at 30.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 22.9 and 19.9.
What is the price-to-book ratio of VOLT?
The holdings of VOLT trade at 4.14 times book value, with a combined return on equity of 13.5%.
Which sector in VOLT has the highest P/E?
Technology has the highest P/E at 44.5 and Utilities the lowest at 21.6.