Consumer Discretionary Select Sector SPDR Fund (XLY) Valuation
XLY valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 28.5 trailing earnings
- Forward P/E
- 21.6 analyst estimates
- Price / sales
- 2.44
- Price / book
- 7.29
- EV / EBITDA
- 16.4
- Earnings yield
- 3.51% inverse of P/E
- Dividend yield
- 0.97% of the holdings
- Return on equity
- 25.6% combined
- Net margin
- 8.5% combined
- Beta
- 1.31 weighted, vs S&P 500
XLY valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| XLY | 28.5 | 21.6 | 2.44 | 7.29 | 0.97% | 25.6% | 8.5% | 1.2% |
| 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.
XLY valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Consumer Cyclical | 98.2% | 28.5 | 21.6 | 2.41 | 7.31 | 0.96% | 25.6% |
| Technology | 1.3% | 29.4 | 24.8 | 7.16 | 6.08 | 1.47% | 20.7% |
XLY 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 XLY weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
XLY largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AMZN | Amazon.com, Inc. | 22.16% | 20.1 | 23.6 | 3.5 | — | 31.56% |
| TSLA | Tesla, Inc. | 18.21% | 328.4 | 158.7 | 13.5 | — | 1.59% |
| HD | The Home Depot, Inc. | 5.19% | 21.5 | 19.8 | 1.8 | 3.01% | 6.90% |
| MCD | McDonald's Corporation | 4.39% | 19.7 | 17.1 | 6.2 | 3.18% | 6.36% |
| TJX | The TJX Companies, Inc. | 4.17% | 27.3 | 24.9 | 2.6 | 1.30% | 4.38% |
| BKNG | Booking Holdings Inc. | 3.05% | 18.1 | 13.3 | 4.3 | 1.03% | 4.82% |
| LOW | Lowe's Companies, Inc. | 3.03% | 16.7 | 15.6 | 1.2 | 2.53% | 5.20% |
| SBUX | Starbucks Corporation | 3.02% | 56.4 | 30.9 | 2.9 | 2.58% | 1.53% |
| MAR | Marriott International, Inc. | 2.15% | 40.1 | 26.5 | 13.7 | 0.75% | 1.54% |
| HLT | Hilton Worldwide Holdings Inc. | 2.14% | 50.6 | 28.7 | 15.2 | 0.17% | 1.21% |
| ROST | Ross Stores, Inc. | 1.99% | 28.6 | 27.4 | 3.1 | 0.75% | 1.99% |
| ABNB | Airbnb, Inc. | 1.97% | 39.6 | 25.4 | 7.9 | — | 1.42% |
| ORLY | O'Reilly Automotive, Inc. | 1.89% | 28.3 | 23.4 | 3.9 | — | 1.91% |
| DASH | DoorDash, Inc. | 1.86% | 99.6 | 38.0 | 5.2 | — | 0.53% |
| GM | General Motors Company | 1.81% | 37.7 | 5.6 | 0.4 | 0.86% | 1.38% |
| RCL | Royal Caribbean Cruises Ltd. | 1.80% | 17.1 | 11.4 | 4.0 | 2.16% | 3.02% |
| AZO | AutoZone, Inc. | 1.47% | 20.5 | 16.5 | 2.5 | — | 2.06% |
| EBAY | eBay Inc. | 1.33% | 25.3 | 16.6 | 4.5 | 1.03% | 1.50% |
| GRMN | Garmin Ltd. | 1.31% | 29.4 | 24.8 | 7.2 | 1.47% | 1.28% |
| F | Ford Motor Company | 1.23% | — | 7.0 | 0.3 | 4.83% | −5.24% |
| NKE | NIKE, Inc. | 1.18% | 17.9 | 21.0 | 1.2 | 4.42% | 1.90% |
| YUM | Yum! Brands, Inc. | 1.15% | 19.0 | 20.4 | 4.7 | 1.99% | 1.74% |
| CVNA | Carvana Co. | 1.06% | 31.1 | 29.9 | 2.6 | — | 0.98% |
| DHI | D.R. Horton, Inc. | 0.99% | 12.9 | 11.9 | 1.2 | 1.29% | 2.19% |
| CMG | Chipotle Mexican Grill, Inc. | 0.95% | 27.4 | 28.5 | 3.0 | — | 0.99% |
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 XLY valuation
Adding up its 47 holdings with company data, XLY trades at 28.5 times trailing earnings and 21.6 times analysts' forward estimates, with a price-to-book ratio of 7.29 and a dividend yield of 0.97%. Its earnings yield of 3.51% is 1.82 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 67.5% of the fund and earn 65.1% of its combined profit. By sector, Technology is the most expensive at 29.4 times earnings and Consumer Cyclical the cheapest at 28.5. Companies that lost money over the past year are 1.2% 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 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: XLY chart, XLY performance, XLY holdings, XLY dividends.
XLY valuation FAQ
What is the P/E ratio of XLY?
Based on its holdings, XLY has a trailing P/E of 28.5 and a forward P/E of 21.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of XLY?
The trailing earnings yield is 3.51% (1 ÷ P/E) and the forward earnings yield 4.63%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is XLY more expensive than the S&P 500?
XLY trades at 28.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 21.6 and 19.9.
What is the price-to-book ratio of XLY?
The holdings of XLY trade at 7.29 times book value, with a combined return on equity of 25.6%.
Which sector in XLY has the highest P/E?
Technology has the highest P/E at 29.4 and Consumer Cyclical the lowest at 28.5.