Defiance US 100 Tech Ex Software ETF (XIGV) Valuation

Cboe BZX: XIGVP/E, earnings yield and other ratios of the holdings combined.

XIGV valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 32.2
Forward P/E: 22.7
Price / sales: 4.88
Price / book: 7.86
EV / EBITDA: 20.4
Earnings yield: 3.11%
Dividend yield: 0.66%
Return on equity: 24.4%
Net margin: 15.2%
Beta: 1.44

XIGV valuation vs other stock ETFs

P/E (TTM)Forward P/E

XIGV valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
XIGV	32.2	22.7	4.88	7.86	0.66%	24.4%	15.2%	9.8%
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.

XIGV valuation by sector

P/E (TTM)Forward P/E

XIGV valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	43.3%	36.6	22.3	11.91	14.47	0.48%	39.6%
Consumer Cyclical	16.4%	31.7	27.1	2.62	7.78	0.26%	24.6%
Communication Services	13.7%	18.6	17.6	3.96	4.84	0.72%	26.1%
Industrials	8.3%	68.8	53.8	9.77	9.41	0.42%	13.7%
Healthcare	6.6%	43.0	19.2	6.50	7.85	1.04%	18.3%
Consumer Defensive	6.2%	36.9	23.5	1.74	5.32	1.95%	14.4%
Utilities	1.9%	21.7	17.2	2.73	2.11	2.31%	9.7%
Basic Materials	1.6%	32.2	23.6	6.48	5.48	1.28%	17.0%
Energy	0.7%	24.3	13.0	2.53	1.88	1.90%	7.8%
Financial Services	0.4%	10.7	9.1	1.43	2.27	0.99%	21.1%
Real Estate	0.1%	179.5	18.3	3.68	1.47	0.00%	0.8%

XIGV earnings yield vs bond yields

XIGV earnings yield (forward)

4.41%

XIGV earnings yield (trailing)

3.11%

XIGV dividend yield

0.66%

Bond market yield (AGG)

5.33%

T-bill yield (BIL)

3.91%

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 XIGV weight splits by P/E

Share of the covered weight in companies with a trailing P/E in each range.

XIGV largest holdings: valuation

XIGV largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
AAPL	Apple Inc.	5.60%	39.4	35.2	10.7	0.31%	4.61%
NVDA	NVIDIA Corporation	5.37%	27.1	24.9	17.1	0.47%	6.43%
META	Meta Platforms, Inc.	5.29%	26.7	22.1	7.9	0.30%	6.41%
AMD	Advanced Micro Devices, Inc.	5.29%	134.9	39.5	20.9	—	1.27%
AMZN	Amazon.com, Inc.	5.19%	20.1	23.6	3.5	—	8.37%
SPCX	Space Exploration Technologies Corp.	5.15%	—	200.0	83.5	—	−0.73%
TSLA	Tesla, Inc.	4.88%	328.4	158.7	13.5	—	0.48%
GOOGL	Alphabet Inc.	4.48%	17.1	22.8	9.3	0.26%	8.50%
MU	Micron Technology, Inc.	4.43%	11.8	7.0	7.5	0.07%	12.14%
AVGO	Broadcom Inc.	4.40%	43.3	19.4	17.6	0.79%	3.30%
COST	Costco Wholesale Corporation	3.14%	47.6	40.3	1.4	0.59%	2.14%
INTC	Intel Corporation	2.86%	—	63.3	8.3	—	−2.19%
AMAT	Applied Materials, Inc.	1.95%	35.3	23.4	10.5	0.52%	1.79%
NFLX	Netflix, Inc.	1.91%	22.2	18.7	6.1	—	2.79%
LRCX	Lam Research Corporation	1.89%	45.8	33.7	14.2	0.50%	1.34%
TXN	Texas Instruments Incorporated	1.71%	42.1	27.5	13.0	2.20%	1.32%
AMGN	Amgen Inc.	1.59%	26.9	16.7	6.1	2.33%	1.92%
LIN	Linde plc	1.58%	32.2	23.6	6.5	1.28%	1.59%
ARM	Arm Holdings plc	1.44%	234.8	151.5	47.2	—	0.20%
PEP	PepsiCo, Inc.	1.34%	16.5	14.9	1.8	4.50%	2.62%
GILD	Gilead Sciences, Inc.	1.32%	—	15.6	6.4	2.10%	−0.72%
KLAC	KLA Corporation	1.30%	45.3	34.8	15.9	0.56%	0.93%
ADI	Analog Devices, Inc.	1.22%	47.0	23.2	13.8	1.11%	0.85%
MRVL	Marvell Technology, Inc.	1.22%	72.3	62.1	21.7	0.11%	0.55%
TMUS	T-Mobile US, Inc.	1.21%	16.6	11.7	1.9	2.94%	2.36%

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 XIGV valuation

Adding up its 74 holdings with company data, XIGV trades at 32.2 times trailing earnings and 22.7 times analysts' forward estimates, with a price-to-book ratio of 7.86 and a dividend yield of 0.66%. 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 50.1% of the fund and earn 50.8% of its combined profit. By sector, Real Estate is the most expensive at 179.5 times earnings and Financial Services the cheapest at 10.7. Companies that lost money over the past year are 9.8% 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 98.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

Related: XIGV chart, XIGV holdings.

XIGV valuation FAQ

What is the P/E ratio of XIGV?

Based on its holdings, XIGV has a trailing P/E of 32.2 and a forward P/E of 22.7 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of XIGV?

The trailing earnings yield is 3.11% (1 ÷ P/E) and the forward earnings yield 4.41%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is XIGV more expensive than the S&P 500?

XIGV trades at 32.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 22.7 and 19.9.

What is the price-to-book ratio of XIGV?

The holdings of XIGV trade at 7.86 times book value, with a combined return on equity of 24.4%.

Which sector in XIGV has the highest P/E?

Real Estate has the highest P/E at 179.5 and Financial Services the lowest at 10.7.