Allspring SMID Core ETF (ASCE) Valuation
ASCE valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 14.4 trailing earnings
- Forward P/E
- 10.7 analyst estimates
- Price / sales
- 0.90
- Price / book
- 2.26
- EV / EBITDA
- 1.1
- Earnings yield
- 6.95% inverse of P/E
- Dividend yield
- 0.80% of the holdings
- Return on equity
- 15.7% combined
- Net margin
- 6.2% combined
- Beta
- 1.14 weighted, vs S&P 500
ASCE valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| ASCE | 14.4 | 10.7 | 0.90 | 2.26 | 0.80% | 15.7% | 6.2% | 6.7% |
| 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.
ASCE valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 18.7% | 74.0 | 11.4 | 1.76 | 3.76 | 0.15% | 5.1% |
| Financial Services | 18.0% | 8.2 | 8.4 | 0.32 | 1.46 | 1.25% | 17.8% |
| Healthcare | 17.5% | 15.4 | 10.4 | 1.29 | 3.58 | 0.07% | 23.2% |
| Consumer Cyclical | 13.1% | 16.2 | 13.3 | 1.43 | 3.77 | 0.62% | 23.3% |
| Industrials | 9.5% | 12.0 | 14.2 | 1.38 | 2.94 | 0.05% | 24.5% |
| Energy | 8.0% | 8.9 | 9.7 | 1.48 | 1.29 | 2.03% | 14.5% |
| Real Estate | 6.0% | 38.2 | 29.5 | 3.71 | 1.53 | 4.42% | 4.0% |
| Basic Materials | 3.3% | 8.6 | 7.5 | 2.19 | 2.30 | 0.14% | 26.7% |
| Communication Services | 3.2% | 12.4 | 5.6 | 0.41 | 1.12 | 0.00% | 9.1% |
ASCE 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 ASCE weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
ASCE largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| EXEL | Exelixis, Inc. | 3.19% | 19.6 | 13.6 | 6.3 | — | 2.46% |
| AMRX | Amneal Pharmaceuticals, Inc. | 3.02% | 39.1 | 6.3 | 2.1 | — | 1.17% |
| CHRD | Chord Energy Corporation | 2.90% | 10.4 | — | 1.4 | 3.36% | 4.21% |
| EXLS | ExlService Holdings, Inc. | 2.88% | 25.0 | 13.6 | 2.7 | — | 1.74% |
| TK | Teekay Corporation | 2.78% | 6.8 | 9.6 | 1.1 | — | 6.19% |
| UHS | Universal Health Services, Inc. | 2.77% | 7.6 | 7.3 | 0.6 | 0.43% | 5.50% |
| SN | SharkNinja, Inc. | 2.62% | 38.1 | 23.1 | 3.8 | — | 1.04% |
| MD | Pediatrix Medical Group, Inc. | 2.47% | 13.1 | 9.3 | 1.1 | — | 2.85% |
| SAIC | Science Applications International Corporation | 2.40% | 15.5 | 10.6 | 0.8 | 1.11% | 2.34% |
| CUBI | Customers Bancorp, Inc. | 2.35% | 9.1 | 8.3 | 3.1 | — | 3.92% |
| HCI | HCI Group, Inc. | 2.34% | 8.6 | 8.9 | 2.6 | 0.81% | 4.14% |
| NFG | National Fuel Gas Company | 2.34% | 11.1 | 9.8 | 3.0 | 2.78% | 3.17% |
| VIRT | Virtu Financial, Inc. | 2.29% | 9.4 | 8.4 | 1.5 | 1.69% | 3.67% |
| BLBD | Blue Bird Corporation | 2.25% | 6.8 | 12.5 | 1.2 | — | 5.01% |
| ANF | Abercrombie & Fitch Co. | 2.23% | 13.2 | 10.0 | 1.2 | — | 2.55% |
| XHR | Xenia Hotels & Resorts, Inc. | 2.17% | — | 63.3 | 1.7 | 2.96% | −0.11% |
| CASH | Pathward Financial, Inc. | 2.16% | 9.1 | 11.2 | 2.0 | 0.27% | 3.58% |
| SKYW | SkyWest, Inc. | 2.15% | 9.1 | 9.5 | 0.9 | — | 3.57% |
| URBN | Urban Outfitters, Inc. | 2.12% | 13.5 | 11.9 | 1.1 | — | 2.37% |
| BSIG | Brightsphere Investment Group Inc | 2.12% | — | — | — | — | — |
| CTRE | CareTrust REIT, Inc. | 2.11% | 22.8 | 21.3 | 15.1 | 4.27% | 1.40% |
| EVER | EverQuote, Inc | 2.11% | 7.1 | 7.2 | 1.0 | — | 4.49% |
| COCO_old | Corinthian Colleges Inc | 2.09% | — | — | — | — | — |
| BILL | Bill.com Holdings, Inc. | 2.02% | — | 13.4 | 2.4 | — | −0.07% |
| SMTC | Semtech Corporation | 1.87% | 90.5 | 53.2 | 10.9 | — | 0.31% |
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 ASCE valuation
Adding up its 50 holdings with company data, ASCE trades at 14.4 times trailing earnings and 10.7 times analysts' forward estimates, with a price-to-book ratio of 2.26 and a dividend yield of 0.80%. Its earnings yield of 6.95% is 1.63 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 27.4% of the fund and earn 31.4% of its combined profit. By sector, Technology is the most expensive at 74.0 times earnings and Financial Services the cheapest at 8.2. Companies that lost money over the past year are 6.7% 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 95.8% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: ASCE chart, ASCE performance, ASCE holdings, ASCE dividends.
ASCE valuation FAQ
What is the P/E ratio of ASCE?
Based on its holdings, ASCE has a trailing P/E of 14.4 and a forward P/E of 10.7 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of ASCE?
The trailing earnings yield is 6.95% (1 ÷ P/E) and the forward earnings yield 9.32%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is ASCE more expensive than the S&P 500?
ASCE trades at 14.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 10.7 and 19.9.
What is the price-to-book ratio of ASCE?
The holdings of ASCE trade at 2.26 times book value, with a combined return on equity of 15.7%.
Which sector in ASCE has the highest P/E?
Technology has the highest P/E at 74.0 and Financial Services the lowest at 8.2.