SPDR FactSet Innovative Technology ETF (XITK) Valuation
XITK valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 58.2 trailing earnings
- Forward P/E
- 21.3 analyst estimates
- Price / sales
- 3.03
- Price / book
- 5.35
- EV / EBITDA
- 23.8
- Earnings yield
- 1.72% inverse of P/E
- Dividend yield
- 0.13% of the holdings
- Return on equity
- 9.2% combined
- Net margin
- 5.2% combined
- Beta
- 1.56 weighted, vs S&P 500
XITK valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| XITK | 58.2 | 21.3 | 3.03 | 5.35 | 0.13% | 9.2% | 5.2% | 22.7% |
| 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.
XITK valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 78.5% | 92.6 | 25.4 | 5.04 | 6.50 | 0.11% | 7.0% |
| Communication Services | 10.1% | 23.9 | 11.7 | 0.90 | 3.45 | 0.06% | 14.4% |
| Healthcare | 4.8% | 111.3 | 17.8 | 3.49 | 2.82 | 0.00% | 2.5% |
| Industrials | 0.8% | 11.7 | 16.5 | 0.81 | 7.57 | 3.18% | 64.8% |
| Real Estate | 0.5% | 179.5 | 18.3 | 3.68 | 1.47 | 0.00% | 0.8% |
XITK 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 XITK weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
XITK largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AXTI | AXT, Inc. | 3.89% | — | 30.8 | 26.9 | — | 0.19% |
| AMD | Advanced Micro Devices, Inc. | 2.65% | 134.9 | 39.5 | 20.9 | — | 1.23% |
| AAOI | Applied Optoelectronics, Inc. | 2.41% | — | 84.0 | 10.8 | — | −1.50% |
| SIMO | Silicon Motion Technology Corporation | 2.35% | 27.3 | 19.6 | 5.5 | 1.09% | 5.37% |
| DOCN | DigitalOcean Holdings, Inc. | 2.15% | 45.5 | 76.3 | 11.5 | — | 2.95% |
| DDOG | Datadog, Inc. | 1.82% | 494.2 | 84.7 | 22.4 | — | 0.23% |
| ZETA | Zeta Global Holdings Corp. | 1.81% | — | 24.4 | 5.0 | — | −0.03% |
| ARM | Arm Holdings plc | 1.78% | 234.8 | 151.5 | 47.2 | — | 0.47% |
| FIVN | Five9, Inc. | 1.57% | 46.7 | 9.9 | 2.0 | — | 2.10% |
| PAYC | Paycom Software, Inc. | 1.54% | 26.6 | 16.7 | 5.3 | 0.60% | 3.61% |
| DMYI | dMY Technology Group Inc. III | 1.46% | — | — | — | — | — |
| ONTO | Onto Innovation Inc. | 1.45% | 83.0 | 22.8 | 9.7 | — | 1.09% |
| ACMR | ACM Research, Inc. | 1.45% | 25.0 | 30.2 | 3.6 | — | 3.62% |
| VEEV | Veeva Systems Inc. | 1.45% | 50.9 | 30.2 | 14.5 | — | 1.78% |
| RBRK | Rubrik, Inc. | 1.44% | — | 625.0 | 15.0 | — | −0.79% |
| SNOW | Snowflake Inc. | 1.44% | — | 169.5 | 19.9 | — | −0.93% |
| NTNX | Nutanix, Inc. | 1.42% | 12.9 | 29.9 | 6.3 | — | 6.86% |
| ANET | Arista Networks, Inc. | 1.41% | 55.8 | 39.2 | 21.2 | — | 1.58% |
| DT | Dynatrace, Inc. | 1.39% | 122.2 | 29.6 | 8.5 | — | 0.71% |
| FROG | JFrog Ltd. | 1.35% | — | 81.3 | 17.3 | — | −0.37% |
| AMPL_old | AMPL | 1.33% | — | — | — | — | — |
| SITM | SiTime Corporation | 1.30% | 843.1 | 44.4 | 30.2 | — | 0.10% |
| MANH | Manhattan Associates, Inc. | 1.28% | 63.8 | 40.3 | 11.5 | — | 1.25% |
| NVDA | NVIDIA Corporation | 1.25% | 27.1 | 24.9 | 17.1 | 0.47% | 2.89% |
| ESTC | Elastic N.V. | 1.24% | 26.2 | 27.4 | 5.3 | — | 2.96% |
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 XITK valuation
Adding up its 89 holdings with company data, XITK trades at 58.2 times trailing earnings and 21.3 times analysts' forward estimates, with a price-to-book ratio of 5.35 and a dividend yield of 0.13%. Its earnings yield of 1.72% is 3.61 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 22.0% of the fund and earn 14.6% of its combined profit. By sector, Real Estate is the most expensive at 179.5 times earnings and Industrials the cheapest at 11.7. Companies that lost money over the past year are 22.7% 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 93.5% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: XITK chart, XITK performance, XITK holdings.
XITK valuation FAQ
What is the P/E ratio of XITK?
Based on its holdings, XITK has a trailing P/E of 58.2 and a forward P/E of 21.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of XITK?
The trailing earnings yield is 1.72% (1 ÷ P/E) and the forward earnings yield 4.70%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is XITK more expensive than the S&P 500?
XITK trades at 58.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 21.3 and 19.9.
What is the price-to-book ratio of XITK?
The holdings of XITK trade at 5.35 times book value, with a combined return on equity of 9.2%.
Which sector in XITK has the highest P/E?
Real Estate has the highest P/E at 179.5 and Industrials the lowest at 11.7.