Tema Photonics & Optical ETF (LAZR): Valuation
TTM figures as of December 31, 2025
Tema Photonics & Optical ETF trades at a -5.81% free-cash-flow yield. That FCF yield is higher than 35% of its own month-end history back to 2020.
Earnings yield -10.73%. Piotroski F-score 3 of 9. Net debt $88.1M.
65 month-end valuation observations are on file, starting December 2020.
Frequently asked questions
Is LAZR cheap versus its own history?
Tema Photonics & Optical ETF trades at a -5.81% free-cash-flow yield. That FCF yield is higher than 35% of its own month-end history back to 2020.
What is LAZR's free-cash-flow yield?
Tema Photonics & Optical ETF currently yields -5.81% of market cap as trailing free cash flow.
Where do these valuation figures come from?
Yields and quality metrics are computed from the same SEC TTM figures as the financials page, against the live market cap. Historical bands reconstruct month-end market cap from split-adjusted closes and the share count in the units it was filed, then divide by those dollar totals. Nothing here is a third-party estimate.