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
| Metric | TTM |
|---|---|
| Market Cap | — |
| 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
| Metric | TTM |
|---|---|
| EV / Revenue | — |
| 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
| Metric | TTM |
|---|---|
| Gross Margin | — |
| Operating Margin | — |
| Net Profit Margin | — |
| Metric | TTM |
|---|---|
| ROE | — |
| ROA | — |
| ROIC | — |
| ROCE | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM |
|---|---|
| Debt / Equity | — |
| Debt / EBITDA | — |
| Net Debt / Equity | — |
| Net Debt / EBITDA | — |
| Debt / FCF | — |
| Interest Coverage | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM |
|---|---|
| Current Ratio | — |
| Quick Ratio | — |
| Cash Ratio | — |
| 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
| Metric | TTM |
|---|---|
| Dividend Yield | — |
| Payout Ratio | — |
| Metric | TTM |
|---|---|
| Earnings Yield | — |
| FCF Yield | — |
| Buyback Yield | — |
| Total Shareholder Yield | — |
| Shares Outstanding | — |
Regulatory and Concentration Exposure
As reported in market data, XLK trades at a persistent valuation premium relative to the broader S&P 500, which suggests that investors are pricing in sustained double-digit earnings growth for the fund's top-heavy constituents rather than viewing it as a speculative growth vehicle.
The valuation multiples of XLK are heavily influenced by the mega-cap technology entities that dominate its weighting. This premium appears to be a function of the fund's status as a quality safe haven, though it warrants caution as it leaves the fund vulnerable to valuation compression if interest rates rise or earnings growth expectations moderate.
Based on the fund's operational model, XLK maintains high gross margins because the marginal cost of managing additional assets is near zero, allowing the issuer to capture significant economies of scale while maintaining a competitive expense ratio relative to broader market index alternatives.
The fund's profitability is essentially a function of its AUM-based fee structure, which is highly efficient but lacks the operational leverage of an active manager. Investors should monitor the potential for fee compression as the ETF industry continues to move toward lower-cost, thematic alternatives.
According to institutional trading data, XLK maintains superior liquidity compared to broader technology ETFs, a feature that serves as a primary moat for large-scale investors who prioritize minimal execution slippage over the potential diversification benefits offered by smaller, less liquid sector-specific alternatives.
This liquidity advantage is a critical differentiator that sustains the fund's dominance in the options market. While this provides a structural benefit for institutional hedgers, it does not mitigate the underlying volatility of the technology sector itself.
As indicated by the fund's mandatory 25/50 capping rule, the market often misinterprets XLK as a broadly diversified technology play, when in reality, the performance is heavily skewed by a handful of mega-cap entities that contribute disproportionately to total returns.
The most commonly misapplied metric is the total number of holdings, which obscures the reality that the bottom 50 constituents contribute less than 15% to the fund's performance. Analysts should instead focus on the concentration ratio of the top three holdings to better understand the fund's true risk profile.
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 XLK stock.
Based on historical data, Technology Select Sector SPDR Fund is trading at valuation metrics that vary. Compare with industry peers and growth rates for a complete picture.