Ab US Equity ETF (XCHG) Valuation
XCHG valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 24.9 trailing earnings
- Forward P/E
- 19.9 analyst estimates
- Price / sales
- 3.60
- Price / book
- 5.29
- EV / EBITDA
- 17.0
- Earnings yield
- 4.01% inverse of P/E
- Dividend yield
- 1.02% of the holdings
- Return on equity
- 21.2% combined
- Net margin
- 14.4% combined
- Beta
- 1.11 weighted, vs S&P 500
XCHG valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| XCHG | 24.9 | 19.9 | 3.60 | 5.29 | 1.02% | 21.2% | 14.4% | 0.8% |
| 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.
XCHG valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 33.6% | 31.7 | 23.8 | 4.97 | 13.76 | 0.69% | 43.4% |
| Financial Services | 13.6% | 16.5 | 13.5 | 3.64 | 2.51 | 1.43% | 15.2% |
| Communication Services | 10.4% | 19.4 | 19.5 | 5.15 | 4.41 | 0.58% | 22.7% |
| Industrials | 9.9% | 29.8 | 23.0 | 3.74 | 6.05 | 1.08% | 20.3% |
| Healthcare | 9.5% | 34.8 | 18.6 | 1.94 | 4.75 | 1.18% | 13.6% |
| Consumer Cyclical | 7.4% | 22.0 | 22.4 | 2.97 | 6.10 | 0.48% | 27.8% |
| Consumer Defensive | 3.4% | 32.2 | 26.0 | 2.27 | 8.30 | 1.68% | 25.8% |
| Energy | 3.0% | 17.0 | 12.6 | 2.45 | 2.44 | 2.44% | 14.4% |
| Utilities | 1.3% | 20.2 | 16.6 | 3.01 | 2.02 | 3.09% | 10.0% |
| Basic Materials | 0.9% | 26.5 | 21.6 | 3.53 | 4.24 | 1.83% | 16.0% |
| Real Estate | 0.8% | 45.7 | 41.0 | 7.23 | 2.75 | 3.22% | 6.0% |
XCHG 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 XCHG weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
XCHG largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 8.03% | 27.1 | 24.9 | 17.1 | 0.47% | 7.97% |
| MSFT | Microsoft Corporation | 6.91% | 29.5 | 25.1 | 11.8 | 0.74% | 6.29% |
| AAPL | Apple Inc. | 5.65% | 39.4 | 35.2 | 10.7 | 0.31% | 3.85% |
| AMZN | Amazon.com, Inc. | 4.65% | 20.1 | 23.6 | 3.5 | — | 6.21% |
| GOOG | Alphabet Inc. | 3.51% | 16.9 | 21.8 | 9.2 | 0.26% | 5.58% |
| V | Visa Inc. | 2.98% | 34.3 | 24.0 | 17.0 | 0.67% | 2.34% |
| META | Meta Platforms, Inc. | 2.93% | 26.7 | 22.1 | 7.9 | 0.30% | 2.95% |
| AVGO | Broadcom Inc. | 2.74% | 43.3 | 19.4 | 17.6 | 0.79% | 1.70% |
| GOOGL | Alphabet Inc. | 2.18% | 17.1 | 22.8 | 9.3 | 0.26% | 3.42% |
| TSM | Taiwan Semiconductor Manufacturing Company Limited | 1.66% | 26.7 | 21.4 | 0.4 | 0.91% | 1.66% |
| TMO | Thermo Fisher Scientific Inc. | 1.65% | 37.1 | 24.2 | 5.5 | 0.27% | 1.19% |
| UNH | UnitedHealth Group Incorporated | 1.57% | 25.8 | 16.6 | 0.8 | 2.31% | 1.63% |
| DIS | The Walt Disney Company | 1.39% | 22.8 | 13.8 | 1.9 | 1.36% | 1.63% |
| SCHW | The Charles Schwab Corporation | 1.38% | 15.7 | 12.9 | 5.9 | 1.39% | 2.35% |
| MRK | Merck & Co., Inc. | 1.36% | 115.8 | 15.3 | 5.4 | 2.33% | 0.31% |
| XOM | Exxon Mobil Corporation | 1.26% | 23.0 | 14.8 | 2.0 | 2.30% | 1.47% |
| WFC | Wells Fargo & Company | 1.26% | 11.8 | 10.2 | 3.0 | 2.38% | 2.86% |
| ETN | Eaton Corporation plc | 1.23% | 39.8 | 27.6 | 5.1 | 1.12% | 0.83% |
| CSCO | Cisco Systems, Inc. | 1.22% | 32.2 | 19.8 | 6.7 | 1.56% | 1.01% |
| RTX | RTX Corporation | 1.15% | 34.1 | 24.6 | 2.8 | 1.51% | 0.91% |
| CSX | CSX Corporation | 1.15% | 28.3 | 21.2 | 6.2 | 1.15% | 1.09% |
| EOG | EOG Resources, Inc. | 1.12% | 12.3 | 10.1 | 3.1 | 2.58% | 2.45% |
| AMAT | Applied Materials, Inc. | 1.02% | 35.3 | 23.4 | 10.5 | 0.52% | 0.78% |
| BAC | Bank of America Corporation | 0.99% | 12.2 | 10.8 | 3.1 | 2.50% | 2.17% |
| VTI | Vanguard Index Funds - Vanguard Total Stock Market ETF | 0.98% | — | — | — | — | — |
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 XCHG valuation
Adding up its 474 holdings with company data, XCHG trades at 24.9 times trailing earnings and 19.9 times analysts' forward estimates, with a price-to-book ratio of 5.29 and a dividend yield of 1.02%. Its earnings yield of 4.01% is 1.32 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 41.2% of the fund and earn 42.0% of its combined profit. By sector, Real Estate is the most expensive at 45.7 times earnings and Financial Services the cheapest at 16.5. Companies that lost money over the past year are 0.8% 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 93.5% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: XCHG chart, XCHG holdings, XCHG dividends.
XCHG valuation FAQ
What is the P/E ratio of XCHG?
Based on its holdings, XCHG has a trailing P/E of 24.9 and a forward P/E of 19.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of XCHG?
The trailing earnings yield is 4.01% (1 ÷ P/E) and the forward earnings yield 5.03%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is XCHG more expensive than the S&P 500?
XCHG trades at 24.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.9 and 19.9.
What is the price-to-book ratio of XCHG?
The holdings of XCHG trade at 5.29 times book value, with a combined return on equity of 21.2%.
Which sector in XCHG has the highest P/E?
Real Estate has the highest P/E at 45.7 and Financial Services the lowest at 16.5.