ARS Focused Opportunity Strategy ETF (AFOS) Valuation
AFOS valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 29.3 trailing earnings
- Forward P/E
- 16.1 analyst estimates
- Price / sales
- 3.46
- Price / book
- 6.08
- EV / EBITDA
- 14.9
- Earnings yield
- 3.41% inverse of P/E
- Dividend yield
- 0.69% of the holdings
- Return on equity
- 20.7% combined
- Net margin
- 11.8% combined
- Beta
- 1.19 weighted, vs S&P 500
AFOS valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| AFOS | 29.3 | 16.1 | 3.46 | 6.08 | 0.69% | 20.7% | 11.8% | 8.2% |
| 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.
AFOS valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 27.1% | 51.0 | 18.5 | 8.32 | 12.57 | 0.40% | 24.6% |
| Industrials | 18.7% | 57.1 | 27.1 | 2.69 | 4.80 | 0.31% | 8.4% |
| Energy | 14.1% | 15.3 | 7.4 | 1.17 | 3.70 | 1.46% | 24.2% |
| Basic Materials | 10.1% | 26.6 | 16.3 | 5.08 | 4.37 | 0.70% | 16.5% |
| Healthcare | 10.0% | 22.7 | 18.9 | 9.30 | 5.96 | 0.34% | 26.2% |
| Communication Services | 4.6% | 17.1 | 22.8 | 9.34 | 6.90 | 0.26% | 40.4% |
| Financial Services | 3.2% | 23.9 | 15.9 | 8.23 | 9.93 | 4.91% | 41.6% |
| Utilities | 2.9% | 25.6 | 13.3 | 2.66 | 15.41 | 0.61% | 60.1% |
| Consumer Cyclical | 2.6% | 20.1 | 23.6 | 3.48 | 4.87 | 0.00% | 24.2% |
AFOS 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 AFOS weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
AFOS largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MPC | Marathon Petroleum Corporation | 5.17% | 16.6 | 5.5 | 0.9 | 0.84% | 10.03% |
| GOOGL | Alphabet Inc. | 4.58% | 17.1 | 22.8 | 9.3 | 0.26% | 8.61% |
| NVDA | NVIDIA Corporation | 4.42% | 27.1 | 24.9 | 17.1 | 0.47% | 5.24% |
| NEM | Newmont Corporation | 4.24% | 15.0 | 11.6 | 4.8 | 0.88% | 9.09% |
| MSFT | Microsoft Corporation | 4.05% | 29.5 | 25.1 | 11.8 | 0.74% | 4.41% |
| MU | Micron Technology, Inc. | 3.98% | 11.8 | 7.0 | 7.5 | 0.07% | 10.81% |
| EOG | EOG Resources, Inc. | 3.90% | 12.3 | 10.1 | 3.1 | 2.58% | 10.17% |
| FCX | Freeport-McMoRan Inc. | 3.85% | 34.3 | 18.1 | 3.9 | 0.86% | 3.60% |
| LRCX | Lam Research Corporation | 3.53% | 45.8 | 33.7 | 14.2 | 0.50% | 2.47% |
| LLY | Eli Lilly and Company | 3.48% | 42.2 | 24.4 | 14.1 | 0.55% | 2.64% |
| ASND | Ascendis Pharma A/S | 3.48% | 17.3 | 19.8 | 14.2 | — | 6.46% |
| RAL | Ralliant Corporation | 3.37% | — | 21.7 | 3.4 | 0.30% | −17.75% |
| BA | The Boeing Company | 3.33% | 67.9 | 49.5 | 1.6 | — | 1.57% |
| BX | Blackstone Inc. | 3.16% | 23.9 | 15.9 | 8.2 | 4.91% | 4.25% |
| GEV | GE Vernova Inc. | 3.12% | 26.4 | 38.8 | 5.9 | 0.22% | 3.80% |
| WDC | Western Digital Corporation | 3.12% | 12.3 | 22.8 | 9.6 | 0.18% | 8.11% |
| VLO | Valero Energy Corporation | 3.09% | 18.5 | 10.2 | 1.0 | 1.08% | 5.34% |
| REGN | Regeneron Pharmaceuticals, Inc. | 3.06% | 19.6 | 14.5 | 5.2 | 0.48% | 5.03% |
| VST | Vistra Corp. | 2.91% | 25.6 | 13.3 | 2.7 | 0.61% | 3.64% |
| PWR | Quanta Services, Inc. | 2.80% | 72.4 | 33.0 | 2.9 | 0.07% | 1.24% |
| AMZN | Amazon.com, Inc. | 2.57% | 20.1 | 23.6 | 3.5 | — | 4.10% |
| AAPL | Apple Inc. | 2.47% | 39.4 | 35.2 | 10.7 | 0.31% | 2.02% |
| GNRC | Generac Holdings Inc. | 2.16% | 44.3 | 15.9 | 2.6 | — | 1.57% |
| AVAV | AeroVironment, Inc. | 2.16% | — | 55.2 | 3.1 | — | −2.30% |
| APH | Amphenol Corporation | 2.12% | 39.7 | 24.6 | 6.7 | 0.63% | 1.71% |
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 AFOS valuation
Adding up its 29 holdings with company data, AFOS trades at 29.3 times trailing earnings and 16.1 times analysts' forward estimates, with a price-to-book ratio of 6.08 and a dividend yield of 0.69%. Its earnings yield of 3.41% is 1.91 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 41.2% of the fund and earn 67.1% of its combined profit. By sector, Industrials is the most expensive at 57.1 times earnings and Energy the cheapest at 15.3. Companies that lost money over the past year are 8.2% 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 97.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: AFOS chart, AFOS performance, AFOS holdings, AFOS dividends.
AFOS valuation FAQ
What is the P/E ratio of AFOS?
Based on its holdings, AFOS has a trailing P/E of 29.3 and a forward P/E of 16.1 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of AFOS?
The trailing earnings yield is 3.41% (1 ÷ P/E) and the forward earnings yield 6.20%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is AFOS more expensive than the S&P 500?
AFOS trades at 29.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 16.1 and 19.9.
What is the price-to-book ratio of AFOS?
The holdings of AFOS trade at 6.08 times book value, with a combined return on equity of 20.7%.
Which sector in AFOS has the highest P/E?
Industrials has the highest P/E at 57.1 and Energy the lowest at 15.3.