iShares Exponential Technologies ETF (XT) Valuation
XT valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 40.5 trailing earnings
- Forward P/E
- 23.7 analyst estimates
- Price / sales
- 7.69
- Price / book
- 8.04
- EV / EBITDA
- 22.9
- Earnings yield
- 2.47% inverse of P/E
- Dividend yield
- 0.93% of the holdings
- Return on equity
- 19.9% combined
- Net margin
- 19.0% combined
- Beta
- 1.14 weighted, vs S&P 500
XT valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| XT | 40.5 | 23.7 | 7.69 | 8.04 | 0.93% | 19.9% | 19.0% | 6.1% |
| 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.
XT valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 43.5% | 40.7 | 25.6 | 10.06 | 9.75 | 0.77% | 23.9% |
| Healthcare | 27.9% | 48.6 | 18.7 | 6.95 | 7.87 | 1.55% | 16.2% |
| Consumer Cyclical | 7.5% | 46.8 | 48.9 | 6.33 | 8.64 | 0.00% | 18.5% |
| Communication Services | 3.9% | 20.2 | 22.3 | 8.75 | 7.17 | 0.27% | 35.6% |
| Financial Services | 3.5% | 33.6 | 21.7 | 6.94 | 3.52 | 0.78% | 10.5% |
| Basic Materials | 1.2% | n/m | 17.2 | 3.83 | 3.34 | 2.27% | 0.0% |
| Real Estate | 0.0% | 179.5 | 18.3 | 3.68 | 1.47 | 0.00% | 0.8% |
| Consumer Defensive | 0.0% | 7.5 | 9.5 | 2.09 | 1.63 | 0.00% | 21.7% |
XT 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 XT weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
XT largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| LLY | Eli Lilly and Company | 4.65% | 42.2 | 24.4 | 14.1 | 0.55% | 5.93% |
| TXN | Texas Instruments Incorporated | 4.44% | 42.1 | 27.5 | 13.0 | 2.20% | 5.68% |
| MSFT | Microsoft Corporation | 4.28% | 29.5 | 25.1 | 11.8 | 0.74% | 7.83% |
| TSLA | Tesla, Inc. | 4.12% | 328.4 | 158.7 | 13.5 | — | 0.68% |
| NVDA | NVIDIA Corporation | 3.55% | 27.1 | 24.9 | 17.1 | 0.47% | 7.06% |
| PANW | Palo Alto Networks, Inc. | 3.45% | 855.0 | 94.3 | 24.4 | — | 0.22% |
| ADI | Analog Devices, Inc. | 3.25% | 47.0 | 23.2 | 13.8 | 1.11% | 3.73% |
| JNJ | Johnson & Johnson | 3.16% | 38.8 | 21.0 | 6.2 | 2.10% | 4.39% |
| AMZN | Amazon.com, Inc. | 2.67% | 20.1 | 23.6 | 3.5 | — | 7.14% |
| CRWD | CrowdStrike Holdings, Inc. | 2.58% | — | 208.3 | 43.1 | — | 0.04% |
| ABBV | AbbVie Inc. | 2.56% | 80.6 | 16.4 | 7.8 | 2.42% | 1.71% |
| GOOGL | Alphabet Inc. | 2.01% | 17.1 | 22.8 | 9.3 | 0.26% | 6.35% |
| 2330 | Taiwan Semiconductor Manufacturing Co. Ltd. | 1.94% | — | — | — | — | — |
| MRK | Merck & Co., Inc. | 1.78% | 115.8 | 15.3 | 5.4 | 2.33% | 0.83% |
| AVGO | Broadcom Inc. | 1.70% | 43.3 | 19.4 | 17.6 | 0.79% | 2.11% |
| ISRG | Intuitive Surgical, Inc. | 1.66% | 48.9 | 33.3 | 13.7 | — | 1.82% |
| ROP | Roche Holding AG | 1.56% | — | — | — | — | — |
| IBE | Iberdrola S.A. | 1.54% | — | — | — | — | — |
| META | Meta Platforms, Inc. | 1.47% | 26.7 | 22.1 | 7.9 | 0.30% | 2.95% |
| NOVN | Novartis AG | 1.42% | — | — | — | — | — |
| SPGI | S&P Global Inc. | 1.33% | 26.1 | 19.9 | 7.9 | 0.90% | 2.75% |
| AZN | AstraZeneca PLC | 1.27% | — | — | — | — | — |
| FTNT | Fortinet, Inc. | 1.17% | 59.8 | 45.0 | 16.5 | — | 1.05% |
| CSCO | Cisco Systems, Inc. | 1.17% | 32.2 | 19.8 | 6.7 | 1.56% | 1.95% |
| AMGN | Amgen Inc. | 1.16% | 26.9 | 16.7 | 6.1 | 2.33% | 2.32% |
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 XT valuation
Adding up its 99 holdings with company data, XT trades at 40.5 times trailing earnings and 23.7 times analysts' forward estimates, with a price-to-book ratio of 8.04 and a dividend yield of 0.93%. Its earnings yield of 2.47% is 2.86 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 36.1% of the fund and earn 42.7% of its combined profit. By sector, Real Estate is the most expensive at 179.5 times earnings and Consumer Defensive the cheapest at 7.5. Companies that lost money over the past year are 6.1% 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 75.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: XT chart, XT performance, XT holdings, XT dividends.
XT valuation FAQ
What is the P/E ratio of XT?
Based on its holdings, XT has a trailing P/E of 40.5 and a forward P/E of 23.7 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of XT?
The trailing earnings yield is 2.47% (1 ÷ P/E) and the forward earnings yield 4.22%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is XT more expensive than the S&P 500?
XT trades at 40.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 23.7 and 19.9.
What is the price-to-book ratio of XT?
The holdings of XT trade at 8.04 times book value, with a combined return on equity of 19.9%.
Which sector in XT has the highest P/E?
Real Estate has the highest P/E at 179.5 and Consumer Defensive the lowest at 7.5.