Harbor ETF (AEMC) Valuation
AEMC valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 29.6 trailing earnings
- Forward P/E
- 14.5 analyst estimates
- Price / sales
- 1.78
- Price / book
- 3.63
- EV / EBITDA
- 12.0
- Earnings yield
- 3.38% inverse of P/E
- Dividend yield
- 1.22% of the holdings
- Return on equity
- 12.3% combined
- Net margin
- 6.0% combined
- Beta
- 1.06 weighted, vs S&P 500
AEMC valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| AEMC | 29.6 | 14.5 | 1.78 | 3.63 | 1.22% | 12.3% | 6.0% | 5.8% |
| 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.
AEMC valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 20.9% | 136.8 | 17.6 | 2.79 | 4.74 | 0.80% | 3.5% |
| Industrials | 17.4% | 41.5 | 20.2 | 3.14 | 4.47 | 1.18% | 10.8% |
| Healthcare | 13.6% | 28.9 | 18.2 | 3.07 | 5.25 | 0.35% | 18.2% |
| Financial Services | 13.5% | 17.3 | 10.7 | 1.36 | 2.48 | 2.01% | 14.4% |
| Consumer Cyclical | 12.1% | 20.8 | 13.3 | 1.13 | 4.37 | 1.02% | 21.0% |
| Energy | 8.9% | 16.4 | 7.5 | 0.91 | 3.96 | 1.08% | 24.2% |
| Real Estate | 4.1% | 18.3 | 29.5 | 4.27 | 1.91 | 4.17% | 10.4% |
| Communication Services | 3.8% | n/m | 18.4 | 1.64 | 1.66 | 0.81% | −3.8% |
| Basic Materials | 3.1% | 20.4 | 13.5 | 1.61 | 2.76 | 1.29% | 13.5% |
| Consumer Defensive | 1.8% | 16.0 | 15.6 | 0.65 | 4.05 | 3.01% | 25.3% |
AEMC 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 AEMC weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
AEMC largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MPC | Marathon Petroleum Corporation | 4.34% | 16.6 | 5.5 | 0.9 | 0.84% | 7.82% |
| AMP | Ameriprise Financial, Inc. | 2.99% | 12.1 | 9.8 | 2.2 | 1.36% | 7.37% |
| IEX | IDEX Corporation | 2.65% | 33.9 | 24.0 | 4.8 | 1.24% | 2.33% |
| NTAP | NetApp, Inc. | 2.53% | 28.7 | 21.4 | 5.4 | 1.02% | 2.62% |
| STT | State Street Corporation | 2.40% | 13.5 | 11.9 | 2.9 | 2.22% | 5.29% |
| SNA | Snap-on Incorporated | 2.32% | 18.7 | 17.3 | 3.6 | 2.66% | 3.69% |
| UTHR | United Therapeutics Corporation | 2.24% | 19.1 | 16.4 | 7.2 | — | 3.49% |
| MANH | Manhattan Associates, Inc. | 2.20% | 63.8 | 40.3 | 11.5 | — | 1.03% |
| CCK | Crown Holdings, Inc. | 2.19% | 16.4 | 12.1 | 0.9 | 1.15% | 3.98% |
| AME | AMETEK, Inc. | 2.13% | 36.3 | 28.2 | 7.2 | 0.55% | 1.75% |
| FIX | Comfort Systems USA, Inc. | 2.07% | 35.4 | 26.0 | 4.5 | 0.25% | 1.74% |
| NWSA | News Corporation | 2.05% | 29.2 | 22.0 | 1.8 | 0.67% | 2.10% |
| CHE | Chemed Corporation | 2.03% | 25.8 | 18.2 | 2.6 | 0.55% | 2.35% |
| GRMN | Garmin Ltd. | 1.86% | 29.4 | 24.8 | 7.2 | 1.47% | 1.88% |
| TGT | Target Corporation | 1.76% | 16.0 | 15.6 | 0.7 | 3.01% | 3.27% |
| PSX | Phillips 66 | 1.72% | 16.8 | 9.7 | 0.8 | 1.81% | 3.05% |
| NUE | Nucor Corporation | 1.65% | 20.4 | 11.4 | 1.6 | 0.87% | 2.40% |
| EXPE | Expedia Group, Inc. | 1.63% | 18.0 | 11.3 | 2.2 | 0.66% | 2.69% |
| INVH | Invitation Homes Inc. | 1.57% | 24.8 | 30.4 | 5.6 | 4.43% | 1.88% |
| TEL | TE Connectivity Ltd. | 1.51% | 20.8 | 16.6 | 3.2 | 1.47% | 2.17% |
| MTG | MGIC Investment Corporation | 1.51% | 8.7 | 8.7 | 4.8 | 2.44% | 5.18% |
| SEIC | SEI Investments Company | 1.47% | 18.4 | 15.8 | 5.1 | 1.00% | 2.38% |
| DINO | HF Sinclair Corporation | 1.47% | 11.9 | 10.0 | 0.7 | 1.68% | 3.66% |
| TECH | Bio-Techne Corporation | 1.45% | 62.6 | 34.6 | 9.4 | 0.44% | 0.69% |
| PFG | Principal Financial Group, Inc. | 1.45% | 15.5 | 9.1 | 1.5 | 3.09% | 2.79% |
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 AEMC valuation
Adding up its 111 holdings with company data, AEMC trades at 29.6 times trailing earnings and 14.5 times analysts' forward estimates, with a price-to-book ratio of 3.63 and a dividend yield of 1.22%. Its earnings yield of 3.38% is 1.95 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 26.0% of the fund and earn 39.4% of its combined profit. By sector, Technology is the most expensive at 136.8 times earnings and Consumer Defensive the cheapest at 16.0. Companies that lost money over the past year are 5.8% 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 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: AEMC chart, AEMC holdings.
AEMC valuation FAQ
What is the P/E ratio of AEMC?
Based on its holdings, AEMC has a trailing P/E of 29.6 and a forward P/E of 14.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of AEMC?
The trailing earnings yield is 3.38% (1 ÷ P/E) and the forward earnings yield 6.90%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is AEMC more expensive than the S&P 500?
AEMC trades at 29.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 14.5 and 19.9.
What is the price-to-book ratio of AEMC?
The holdings of AEMC trade at 3.63 times book value, with a combined return on equity of 12.3%.
Which sector in AEMC has the highest P/E?
Technology has the highest P/E at 136.8 and Consumer Defensive the lowest at 16.0.