abrdn Focused U.S. Small Cap Active ETF (AFSC) Valuation
AFSC valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 30.3 trailing earnings
- Forward P/E
- 17.0 analyst estimates
- Price / sales
- 1.07
- Price / book
- 3.20
- EV / EBITDA
- 16.5
- Earnings yield
- 3.31% inverse of P/E
- Dividend yield
- 0.57% of the holdings
- Return on equity
- 10.6% combined
- Net margin
- 3.5% combined
- Beta
- 1.02 weighted, vs S&P 500
AFSC valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| AFSC | 30.3 | 17.0 | 1.07 | 3.20 | 0.57% | 10.6% | 3.5% | 17.4% |
| 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.
AFSC valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Healthcare | 21.8% | 259.2 | 19.8 | 3.75 | 5.24 | 0.00% | 2.0% |
| Financial Services | 18.0% | 14.8 | 12.3 | 0.32 | 1.65 | 1.29% | 11.1% |
| Industrials | 16.5% | 28.6 | 18.8 | 1.71 | 3.21 | 0.28% | 11.2% |
| Technology | 12.3% | 164.4 | 25.2 | 5.99 | 6.07 | 0.00% | 3.7% |
| Consumer Cyclical | 8.1% | 17.9 | 16.0 | 1.58 | 4.40 | 0.55% | 24.6% |
| Basic Materials | 5.2% | 34.6 | 20.2 | 1.64 | 2.60 | 0.94% | 7.5% |
| Real Estate | 3.5% | 79.4 | 48.1 | 4.63 | 3.05 | 1.88% | 3.8% |
| Energy | 3.3% | 11.1 | 9.2 | 4.71 | 3.06 | 2.60% | 27.5% |
| Communication Services | 2.1% | 16.1 | 8.5 | 2.79 | 10.30 | 0.00% | 64.0% |
AFSC 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 AFSC weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
AFSC largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MMSI | Merit Medical Systems, Inc. | 3.56% | 36.7 | 18.9 | 3.4 | — | 3.18% |
| AHR | American Healthcare REIT, Inc. | 3.50% | 79.4 | 48.1 | 4.6 | 1.88% | 1.44% |
| KNSA | Kiniksa Pharmaceuticals, Ltd. | 3.46% | 79.4 | 59.5 | 7.3 | — | 1.43% |
| MGY | Magnolia Oil & Gas Corporation | 3.32% | 11.1 | 9.2 | 4.7 | 2.60% | 9.80% |
| QTWO | Q2 Holdings, Inc. | 3.29% | 43.9 | 18.0 | 4.6 | — | 2.45% |
| KWR | Quaker Chemical Corporation | 3.28% | 28.0 | 16.9 | 1.4 | 1.35% | 3.85% |
| LGND | Ligand Pharmaceuticals Incorporated | 3.14% | 31.1 | 24.8 | 20.3 | — | 3.31% |
| SBCF | Seacoast Banking Corporation of Florida | 2.99% | 21.0 | 16.9 | 4.6 | 2.34% | 4.67% |
| ABCB | Ameris Bancorp | 2.98% | 14.4 | 13.0 | 4.5 | 1.00% | 6.78% |
| WTFC | Wintrust Financial Corporation | 2.93% | 11.6 | 10.9 | 3.5 | 1.53% | 8.28% |
| SUPN | Supernus Pharmaceuticals, Inc. | 2.71% | — | 20.2 | 2.7 | — | −4.49% |
| ARQT | Arcutis Biotherapeutics, Inc. | 2.52% | 131.0 | 26.4 | 7.8 | — | 0.63% |
| AZZ | AZZ Inc. | 2.40% | 23.3 | 20.3 | 2.2 | 0.74% | 3.37% |
| ATEC | Alphatec Holdings, Inc. | 2.37% | — | 18.6 | 2.0 | — | −5.35% |
| BANR | Banner Corporation | 2.37% | 11.2 | 12.4 | 3.7 | 3.02% | 6.95% |
| COCO_old | Corinthian Colleges Inc | 2.35% | — | — | — | — | — |
| ANIP | ANI Pharmaceuticals, Inc. | 2.33% | 15.6 | 7.1 | 1.7 | — | 4.88% |
| SKWD | Skyward Specialty Insurance Group, Inc. | 2.33% | 14.2 | 9.9 | 1.6 | — | 5.37% |
| DCO | Ducommun Incorporated | 2.32% | — | 31.5 | 3.0 | — | −0.82% |
| SNEX | StoneX Group Inc. | 2.30% | 18.9 | 9.8 | 0.0 | — | 3.97% |
| HLIO | Helios Technologies, Inc. | 2.25% | 31.6 | 11.7 | 2.5 | 0.71% | 2.33% |
| OSW | OneSpaWorld Holdings Limited | 2.20% | 30.2 | 27.9 | 2.4 | 0.84% | 2.39% |
| PI | Impinj, Inc. | 2.18% | — | 60.2 | 14.4 | — | −0.37% |
| CWST | Casella Waste Systems, Inc. | 2.17% | 977.8 | 56.2 | 2.9 | — | 0.07% |
| BLBD | Blue Bird Corporation | 2.13% | 6.8 | 12.5 | 1.2 | — | 10.29% |
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 AFSC valuation
Adding up its 39 holdings with company data, AFSC trades at 30.3 times trailing earnings and 17.0 times analysts' forward estimates, with a price-to-book ratio of 3.20 and a dividend yield of 0.57%. Its earnings yield of 3.31% is 2.02 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 32.5% of the fund and earn 45.2% of its combined profit. By sector, Healthcare is the most expensive at 259.2 times earnings and Energy the cheapest at 11.1. Companies that lost money over the past year are 17.4% 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 97.5% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: AFSC chart, AFSC performance, AFSC holdings, AFSC dividends.
AFSC valuation FAQ
What is the P/E ratio of AFSC?
Based on its holdings, AFSC has a trailing P/E of 30.3 and a forward P/E of 17.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of AFSC?
The trailing earnings yield is 3.31% (1 ÷ P/E) and the forward earnings yield 5.88%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is AFSC more expensive than the S&P 500?
AFSC trades at 30.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 17.0 and 19.9.
What is the price-to-book ratio of AFSC?
The holdings of AFSC trade at 3.20 times book value, with a combined return on equity of 10.6%.
Which sector in AFSC has the highest P/E?
Healthcare has the highest P/E at 259.2 and Energy the lowest at 11.1.