Adaptive Select ETF (ADPV) Valuation
ADPV valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 103.9 trailing earnings
- Forward P/E
- 13.9 analyst estimates
- Price / sales
- 1.52
- Price / book
- 2.43
- EV / EBITDA
- 5.6
- Earnings yield
- 0.96% inverse of P/E
- Dividend yield
- 1.85% of the holdings
- Return on equity
- 2.3% combined
- Net margin
- 1.5% combined
- Beta
- 0.93 weighted, vs S&P 500
ADPV valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| ADPV | 103.9 | 13.9 | 1.52 | 2.43 | 1.85% | 2.3% | 1.5% | 40.4% |
| 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.
ADPV valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Healthcare | 29.9% | n/m | 11.2 | 0.97 | 2.26 | 0.65% | −10.3% |
| Financial Services | 17.7% | 24.0 | 12.4 | 2.63 | 1.83 | 3.68% | 7.6% |
| Energy | 15.3% | 13.1 | 11.5 | 1.42 | 2.64 | 1.41% | 20.2% |
| Technology | 14.0% | 104.2 | 17.3 | 2.40 | 5.45 | 0.56% | 5.2% |
| Real Estate | 8.0% | n/m | 35.4 | 1.98 | 2.01 | 4.86% | −3.8% |
| Industrials | 7.1% | 28.3 | 21.2 | 6.21 | 6.30 | 1.15% | 22.3% |
| Consumer Defensive | 3.2% | 16.5 | 11.7 | 1.48 | 1.85 | 0.00% | 11.2% |
| Basic Materials | 2.9% | 8.0 | 19.1 | 1.73 | 2.13 | 5.59% | 26.8% |
ADPV 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 ADPV weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
ADPV largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| HPE | Hewlett Packard Enterprise Company | 6.07% | 28.4 | 13.6 | 1.7 | 1.03% | 24.48% |
| VTRS | Viatris Inc. | 5.18% | — | 6.4 | 1.5 | 2.57% | −11.46% |
| ROIV | Roivant Sciences Ltd. | 4.99% | — | — | 3,215.5 | — | −9.05% |
| APA | APA Corporation | 4.70% | 10.4 | 9.4 | 2.0 | 2.03% | 51.92% |
| AVTR | Avantor, Inc. | 4.61% | — | 16.9 | 1.7 | — | −27.07% |
| RNG | RingCentral, Inc. | 4.58% | 60.4 | 14.3 | 2.4 | 0.36% | 8.71% |
| YZ8 | Permian Resources Corporation | 4.44% | — | — | — | — | — |
| HST | Host Hotels & Resorts, Inc. | 4.34% | 16.2 | 22.2 | 2.7 | 3.34% | 30.76% |
| CNC | Centene Corporation | 3.99% | — | 11.2 | 0.2 | — | −69.06% |
| CSX | CSX Corporation | 3.98% | 28.3 | 21.2 | 6.2 | 1.15% | 16.11% |
| CBC | Central Bancompany, Inc. | 3.95% | 18.1 | — | 7.5 | 1.44% | 25.05% |
| TFSL | TFS Financial Corporation | 3.91% | 45.4 | 76.9 | 13.2 | 7.78% | 9.88% |
| BAX | Baxter International Inc. | 3.84% | — | 11.6 | 1.1 | 0.16% | −32.79% |
| RPRX | Royalty Pharma plc | 3.69% | 32.4 | 29.4 | 13.9 | 1.54% | 13.05% |
| COLD | Americold Realty Trust, Inc. | 3.69% | — | 119.0 | 1.5 | 6.66% | −48.42% |
| RVMD | Revolution Medicines, Inc. | 3.64% | — | — | 9,035.1 | — | −20.82% |
| VIRT | Virtu Financial, Inc. | 3.43% | 9.4 | 8.4 | 1.5 | 1.69% | 41.70% |
| S | SentinelOne, Inc. | 3.37% | — | 75.2 | 6.8 | — | −17.77% |
| IVZ | Invesco Ltd. | 3.30% | — | 9.5 | 1.8 | 3.05% | −9.12% |
| FTI | TechnipFMC plc | 3.27% | 24.3 | 21.3 | 2.6 | 0.29% | 15.46% |
| DAR | Darling Ingredients Inc. | 3.24% | 16.5 | 11.7 | 1.5 | — | 22.49% |
| BEN | Franklin Resources, Inc. | 3.11% | 21.1 | 10.3 | 1.7 | 4.26% | 16.93% |
| CNHI | CNH Industrial N.V. | 3.10% | — | — | — | — | — |
| DINO | HF Sinclair Corporation | 2.87% | 11.9 | 10.0 | 0.7 | 1.68% | 27.63% |
| CTVA | Corteva, Inc. | 2.87% | 8.0 | 19.1 | 1.7 | 5.59% | 41.35% |
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 ADPV valuation
Adding up its 23 holdings with company data, ADPV trades at 103.9 times trailing earnings and 13.9 times analysts' forward estimates, with a price-to-book ratio of 2.43 and a dividend yield of 1.85%. Its earnings yield of 0.96% is 4.37 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 46.9% of the fund and earn 40.4% of its combined profit. By sector, Technology is the most expensive at 104.2 times earnings and Basic Materials the cheapest at 8.0. Companies that lost money over the past year are 40.4% 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 90.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: ADPV chart, ADPV performance, ADPV holdings, ADPV dividends.
ADPV valuation FAQ
What is the P/E ratio of ADPV?
Based on its holdings, ADPV has a trailing P/E of 103.9 and a forward P/E of 13.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of ADPV?
The trailing earnings yield is 0.96% (1 ÷ P/E) and the forward earnings yield 7.18%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is ADPV more expensive than the S&P 500?
ADPV trades at 103.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 13.9 and 19.9.
What is the price-to-book ratio of ADPV?
The holdings of ADPV trade at 2.43 times book value, with a combined return on equity of 2.3%.
Which sector in ADPV has the highest P/E?
Technology has the highest P/E at 104.2 and Basic Materials the lowest at 8.0.