Brown Advisory Flexible Equity ETF (BAFE) Valuation
BAFE valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 24.3 trailing earnings
- Forward P/E
- 19.9 analyst estimates
- Price / sales
- 2.09
- Price / book
- 4.71
- EV / EBITDA
- 11.3
- Earnings yield
- 4.12% inverse of P/E
- Dividend yield
- 0.82% of the holdings
- Return on equity
- 19.4% combined
- Net margin
- 8.6% combined
- Beta
- 1.14 weighted, vs S&P 500
BAFE valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| BAFE | 24.3 | 19.9 | 2.09 | 4.71 | 0.82% | 19.4% | 8.6% | 0.0% |
| 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.
BAFE valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 28.0% | 32.0 | 25.6 | 1.59 | 10.40 | 0.68% | 32.5% |
| Financial Services | 20.3% | 20.1 | 16.6 | 4.14 | 3.31 | 0.74% | 16.5% |
| Communication Services | 12.7% | 20.4 | 22.8 | 8.32 | 7.22 | 0.24% | 35.3% |
| Healthcare | 12.2% | 26.4 | 16.4 | 1.19 | 2.82 | 1.02% | 10.7% |
| Consumer Cyclical | 9.2% | 21.7 | 18.6 | 3.20 | 5.25 | 0.40% | 24.1% |
| Industrials | 6.5% | 25.4 | 19.9 | 2.29 | 5.77 | 2.20% | 22.7% |
| Consumer Defensive | 3.3% | 22.1 | 16.2 | 0.82 | 1.87 | 2.34% | 8.5% |
BAFE 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 BAFE weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
BAFE largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| TSM | Taiwan Semiconductor Manufacturing Company Limited | 6.79% | 26.7 | 21.4 | 0.4 | 0.91% | 6.69% |
| MSFT | Microsoft Corporation | 6.26% | 29.5 | 25.1 | 11.8 | 0.74% | 5.59% |
| V | Visa Inc. | 4.44% | 34.3 | 24.0 | 17.0 | 0.67% | 3.41% |
| AMZN | Amazon.com, Inc. | 4.33% | 20.1 | 23.6 | 3.5 | — | 5.66% |
| META | Meta Platforms, Inc. | 4.10% | 26.7 | 22.1 | 7.9 | 0.30% | 4.04% |
| MA | Mastercard Incorporated | 3.98% | 34.0 | 24.2 | 15.4 | 0.56% | 3.08% |
| GOOGL | Alphabet Inc. | 3.63% | 17.1 | 22.8 | 9.3 | 0.26% | 5.59% |
| GOOG | Alphabet Inc. | 3.52% | 16.9 | 21.8 | 9.2 | 0.26% | 5.48% |
| NVDA | NVIDIA Corporation | 3.43% | 27.1 | 24.9 | 17.1 | 0.47% | 3.34% |
| SU | Suncor Energy Inc | 3.21% | — | — | — | — | — |
| UNH | UnitedHealth Group Incorporated | 3.20% | 25.8 | 16.6 | 0.8 | 2.31% | 3.26% |
| KKR | KKR & Co. Inc. | 2.77% | 27.5 | 13.0 | 3.1 | 0.90% | 2.65% |
| URI | United Rentals, Inc. | 2.57% | 24.8 | 18.5 | 3.8 | 0.77% | 2.74% |
| BRK.B | Berkshire Hathaway Inc. | 2.53% | 13.4 | 22.7 | 3.0 | — | 4.98% |
| WSO | Watsco, Inc. | 2.36% | 25.4 | 21.3 | 1.7 | 4.46% | 2.45% |
| DHR | Danaher Corporation | 2.31% | 40.8 | 23.8 | 6.4 | 0.70% | 1.49% |
| ELV | Elevance Health Inc. | 2.17% | 19.0 | 13.7 | 0.5 | 1.61% | 3.01% |
| SAP | SAP SE | 2.08% | 28.8 | 33.1 | 6.8 | 1.31% | 1.91% |
| BKNG | Booking Holdings Inc. | 2.00% | 18.1 | 13.3 | 4.3 | 1.03% | 2.91% |
| PGR | The Progressive Corporation | 1.98% | 11.0 | 12.7 | 1.4 | 0.18% | 4.74% |
| AAPL | Apple Inc. | 1.93% | 39.4 | 35.2 | 10.7 | 0.31% | 1.29% |
| ADI | Analog Devices, Inc. | 1.82% | 47.0 | 23.2 | 13.8 | 1.11% | 1.02% |
| KLAC | KLA Corporation | 1.75% | 45.3 | 34.8 | 15.9 | 0.56% | 1.02% |
| EW | Edwards Lifesciences Corporation | 1.71% | 51.5 | 25.6 | 7.7 | — | 0.87% |
| AS | Amer Sports, Inc. | 1.62% | 31.6 | 14.6 | 2.3 | — | 1.35% |
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 BAFE valuation
Adding up its 40 holdings with company data, BAFE trades at 24.3 times trailing earnings and 19.9 times analysts' forward estimates, with a price-to-book ratio of 4.71 and a dividend yield of 0.82%. Its earnings yield of 4.12% is 1.21 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 43.7% of the fund and earn 46.2% of its combined profit. By sector, Technology is the most expensive at 32.0 times earnings and Financial Services the cheapest at 20.1. Companies that lost money over the past year are 0.0% 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 95.3% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: BAFE chart, BAFE performance, BAFE holdings, BAFE dividends.
BAFE valuation FAQ
What is the P/E ratio of BAFE?
Based on its holdings, BAFE has a trailing P/E of 24.3 and a forward P/E of 19.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of BAFE?
The trailing earnings yield is 4.12% (1 ÷ P/E) and the forward earnings yield 5.04%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is BAFE more expensive than the S&P 500?
BAFE trades at 24.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.9 and 19.9.
What is the price-to-book ratio of BAFE?
The holdings of BAFE trade at 4.71 times book value, with a combined return on equity of 19.4%.
Which sector in BAFE has the highest P/E?
Technology has the highest P/E at 32.0 and Financial Services the lowest at 20.1.