Latest Ratios: P/E Ratio N/A · EV/EBITDA N/A · ROE N/A. (2026–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
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| Enterprise Value | — |
| P/E Ratio → | — |
| P/S Ratio | — |
| P/B Ratio | — |
| P/FCF | — |
| P/OCF | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
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| EV / EBITDA | — |
| EV / EBIT | — |
| EV / FCF | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
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| ROE | — |
| ROA | — |
| ROIC | — |
| ROCE | — |
Solvency and debt-coverage ratios — lower is generally safer
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| Debt / Equity | — |
| Debt / EBITDA | — |
| Net Debt / Equity | — |
| Net Debt / EBITDA | — |
| Debt / FCF | — |
| Interest Coverage | — |
Short-term solvency ratios and asset-utilisation metrics
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| Current Ratio | — |
| Quick Ratio | — |
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| Asset Turnover | — |
| Inventory Turnover | — |
| Days Sales Outstanding | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
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| Dividend Yield | — |
| Payout Ratio | — |
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| Earnings Yield | — |
| FCF Yield | — |
| Buyback Yield | — |
| Total Shareholder Yield | — |
| Shares Outstanding | — |
Regulatory Antitrust Overhang
As reported in institutional fund data, XLC's valuation multiples are heavily influenced by the high-growth interactive media constituents, which command a significant premium compared to the stagnant, yield-oriented telecommunications holdings that anchor the lower end of the fund's overall market capitalization and performance profile.
The fund's aggregate P/E ratio appears to be a composite of two distinct valuation regimes, where the market assigns high multiples to digital advertising platforms based on expected margin expansion, while simultaneously discounting the capital-intensive legacy media and telecom components. Investors should monitor whether this valuation spread narrows as the entertainment segment shifts toward profitability, potentially re-rating the fund's overall multiple.
Based on underlying constituent financial statements, XLC's profitability is structurally bifurcated, with the high operating margins of digital advertising giants effectively masking the lower-margin, capital-intensive nature of the legacy telecommunications and traditional media firms that comprise the remainder of the fund's total asset allocation.
The fund's earning power is primarily driven by the scalability of its interactive media holdings, which exhibit superior operating margins compared to the rest of the sector. Analysts should interpret the aggregate margin as a weighted average that may be sensitive to shifts in ad-spend cycles, rather than a reflection of uniform operational efficiency across all holdings.
According to institutional portfolio analysis, XLC's return on invested capital is heavily skewed by the asset-light models of its largest interactive media holdings, which significantly outperform the capital-intensive infrastructure requirements of the telecommunications and legacy media companies that represent a substantial portion of the fund's total weight.
The trend in ROIC appears to be a function of the fund's concentration in digital platforms that require minimal incremental capital to scale. This suggests that the fund's ability to compound returns is highly dependent on the continued dominance of these high-margin tech entities, rather than the performance of the broader communication services sector.
As inferred from sector-wide operational data, XLC's efficiency metrics are distorted by the disparate business models of its constituents, ranging from the rapid cash conversion cycles of digital advertising platforms to the heavy, long-term capital investment cycles inherent in the telecommunications and traditional media segments.
The fund's aggregate efficiency is not a meaningful metric for any single company but rather an indicator of the portfolio's structural balance between cash-generative tech and capital-heavy infrastructure. Investors should note that the cash conversion cycle is likely dominated by the interactive media segment, which provides a liquidity buffer for the fund's more capital-intensive holdings.
The most commonly misapplied metric for XLC is the aggregate P/E ratio, which obscures the fundamental divergence between the high-growth, low-debt interactive media segment and the mature, high-debt telecommunications segment, leading to potentially flawed conclusions regarding the fund's overall valuation and risk profile.
Analysts should instead utilize a sum-of-the-parts approach or normalize for the disparate capital structures of the underlying holdings to gain a clearer picture of the fund's true earning power. Relying on a single headline multiple fails to account for the distinct regulatory and operational risks that impact the tech and telecom components differently.
Includes 30+ ratios · 0 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying XLC stock.
Based on historical data, Communication Services Select Sector SPDR Fund is trading at valuation metrics that vary. Compare with industry peers and growth rates for a complete picture.