ActivePassive U.S. Equity ETF (APUE) Valuation

NYSE Arca: APUEP/E, earnings yield and other ratios of the holdings combined.

APUE valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 25.2
Forward P/E: 19.6
Price / sales: 3.52
Price / book: 5.27
EV / EBITDA: 17.1
Earnings yield: 3.97%
Dividend yield: 1.08%
Return on equity: 20.9%
Net margin: 14.0%
Beta: 1.13

APUE valuation vs other stock ETFs

P/E (TTM)Forward P/E

APUE valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
APUE	25.2	19.6	3.52	5.27	1.08%	20.9%	14.0%	2.1%
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.

APUE valuation by sector

P/E (TTM)Forward P/E

APUE valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	36.0%	34.2	23.1	9.21	12.12	0.55%	35.4%
Financial Services	11.6%	14.0	13.8	3.07	2.22	1.53%	15.9%
Healthcare	9.2%	36.5	17.4	1.81	5.17	1.54%	14.2%
Consumer Cyclical	8.9%	25.3	22.8	2.45	6.56	0.68%	25.9%
Communication Services	8.6%	17.8	19.0	4.97	5.00	0.73%	28.0%
Industrials	7.3%	28.3	22.0	2.78	6.16	1.18%	21.8%
Consumer Defensive	4.7%	27.8	21.4	1.61	5.76	2.23%	20.7%
Energy	3.2%	20.0	12.6	1.82	2.58	2.27%	12.9%
Basic Materials	1.7%	26.7	17.4	2.94	3.93	1.28%	14.7%
Utilities	1.6%	18.4	15.5	2.72	1.96	3.12%	10.6%
Real Estate	1.3%	32.8	31.1	7.38	3.14	3.35%	9.6%

APUE earnings yield vs bond yields

APUE earnings yield (forward)

5.11%

APUE earnings yield (trailing)

3.97%

APUE dividend yield

1.08%

Bond market yield (AGG)

5.33%

T-bill yield (BIL)

3.91%

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 APUE weight splits by P/E

Share of the covered weight in companies with a trailing P/E in each range.

APUE largest holdings: valuation

APUE largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
AAPL	Apple Inc.	7.18%	39.4	35.2	10.7	0.31%	4.91%
NVDA	NVIDIA Corporation	6.59%	27.1	24.9	17.1	0.47%	6.55%
MSFT	Microsoft Corporation	5.36%	29.5	25.1	11.8	0.74%	4.89%
AMZN	Amazon.com, Inc.	3.49%	20.1	23.6	3.5	—	4.67%
GOOGL	Alphabet Inc.	2.81%	17.1	22.8	9.3	0.26%	4.43%
AVGO	Broadcom Inc.	2.20%	43.3	19.4	17.6	0.79%	1.37%
GOOG	Alphabet Inc.	2.16%	16.9	21.8	9.2	0.26%	3.44%
META	Meta Platforms, Inc.	1.96%	26.7	22.1	7.9	0.30%	1.97%
LLY	Eli Lilly and Company	1.60%	42.2	24.4	14.1	0.55%	1.02%
TSLA	Tesla, Inc.	1.50%	328.4	158.7	13.5	—	0.12%
MU	Micron Technology, Inc.	1.40%	11.8	7.0	7.5	0.07%	3.19%
JPM	JPMorgan Chase & Co.	1.18%	14.2	13.5	4.7	1.94%	2.22%
AMD	Advanced Micro Devices, Inc.	1.11%	134.9	39.5	20.9	—	0.22%
XOM	Exxon Mobil Corporation	1.06%	23.0	14.8	2.0	2.30%	1.24%
JNJ	Johnson & Johnson	0.98%	38.8	21.0	6.2	2.10%	0.68%
BRK.B	Berkshire Hathaway Inc.	0.95%	13.4	22.7	3.0	—	1.90%
V	Visa Inc.	0.95%	34.3	24.0	17.0	0.67%	0.74%
ABBV	AbbVie Inc.	0.68%	80.6	16.4	7.8	2.42%	0.23%
WMT	Walmart Inc.	0.68%	43.0	38.0	1.3	0.83%	0.42%
MA	Mastercard Incorporated	0.64%	34.0	24.2	15.4	0.56%	0.51%
CVX	Chevron Corporation	0.62%	21.2	15.2	2.1	3.16%	0.79%
COST	Costco Wholesale Corporation	0.62%	47.6	40.3	1.4	0.59%	0.35%
PLTR	Palantir Technologies Inc.	0.62%	160.4	85.5	72.6	—	0.10%
KO	The Coca-Cola Company	0.59%	28.2	25.3	8.1	2.26%	0.56%
CSCO	Cisco Systems, Inc.	0.54%	32.2	19.8	6.7	1.56%	0.45%

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 APUE valuation

Adding up its 422 holdings with company data, APUE trades at 25.2 times trailing earnings and 19.6 times analysts' forward estimates, with a price-to-book ratio of 5.27 and a dividend yield of 1.08%. Its earnings yield of 3.97% is 1.36 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 34.9% of the fund and earn 33.4% of its combined profit. By sector, Healthcare is the most expensive at 36.5 times earnings and Financial Services the cheapest at 14.0. Companies that lost money over the past year are 2.1% 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 97.8% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

APUE valuation FAQ

What is the P/E ratio of APUE?

Based on its holdings, APUE has a trailing P/E of 25.2 and a forward P/E of 19.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of APUE?

The trailing earnings yield is 3.97% (1 ÷ P/E) and the forward earnings yield 5.11%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is APUE more expensive than the S&P 500?

APUE trades at 25.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.6 and 19.9.

What is the price-to-book ratio of APUE?

The holdings of APUE trade at 5.27 times book value, with a combined return on equity of 20.9%.

Which sector in APUE has the highest P/E?

Healthcare has the highest P/E at 36.5 and Financial Services the lowest at 14.0.