BBH Select Large Cap ETF (BBHL) Valuation
BBHL valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 28.4 trailing earnings
- Forward P/E
- 24.1 analyst estimates
- Price / sales
- 5.55
- Price / book
- 7.17
- EV / EBITDA
- 20.0
- Earnings yield
- 3.52% inverse of P/E
- Dividend yield
- 0.81% of the holdings
- Return on equity
- 25.2% combined
- Net margin
- 19.5% combined
- Beta
- 1.05 weighted, vs S&P 500
BBHL valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| BBHL | 28.4 | 24.1 | 5.55 | 7.17 | 0.81% | 25.2% | 19.5% | 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.
BBHL valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 38.3% | 38.9 | 28.6 | 12.49 | 13.30 | 0.63% | 34.2% |
| Financial Services | 14.6% | 18.7 | 18.3 | 3.75 | 3.11 | 0.69% | 16.6% |
| Industrials | 9.0% | 33.1 | 24.9 | 4.34 | 8.90 | 1.37% | 26.9% |
| Healthcare | 8.9% | 33.1 | 20.5 | 6.29 | 6.85 | 1.41% | 20.7% |
| Communication Services | 8.9% | 18.9 | 22.2 | 8.63 | 6.90 | 0.25% | 36.4% |
| Consumer Cyclical | 8.3% | 21.5 | 21.5 | 3.56 | 7.19 | 0.71% | 33.4% |
| Consumer Defensive | 5.7% | 36.2 | 31.8 | 1.82 | 9.34 | 1.32% | 25.8% |
| Basic Materials | 3.7% | 33.1 | 24.4 | 6.13 | 5.76 | 1.24% | 17.4% |
BBHL 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 BBHL weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
BBHL largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MSFT | Microsoft Corporation | 8.04% | 29.5 | 25.1 | 11.8 | 0.74% | 8.01% |
| GOOG | Alphabet Inc. | 6.40% | 16.9 | 21.8 | 9.2 | 0.26% | 11.12% |
| AAPL | Apple Inc. | 5.73% | 39.4 | 35.2 | 10.7 | 0.31% | 4.27% |
| AMZN | Amazon.com, Inc. | 4.90% | 20.1 | 23.6 | 3.5 | — | 7.14% |
| KLAC | KLA Corporation | 4.21% | 45.3 | 34.8 | 15.9 | 0.56% | 2.73% |
| MA | Mastercard Incorporated | 4.10% | 34.0 | 24.2 | 15.4 | 0.56% | 3.54% |
| PANW | Palo Alto Networks, Inc. | 3.82% | 855.0 | 94.3 | 24.4 | — | 0.13% |
| WM | Waste Management, Inc. | 3.36% | 32.1 | 22.5 | 3.5 | 1.67% | 3.07% |
| BRK.B | Berkshire Hathaway Inc. | 3.26% | 13.4 | 22.7 | 3.0 | — | 7.15% |
| NVDA | NVIDIA Corporation | 3.19% | 27.1 | 24.9 | 17.1 | 0.47% | 3.45% |
| LIN | Linde plc | 3.12% | 32.2 | 23.6 | 6.5 | 1.28% | 2.84% |
| AMAT | Applied Materials, Inc. | 3.07% | 35.3 | 23.4 | 10.5 | 0.52% | 2.55% |
| LLY | Eli Lilly and Company | 2.80% | 42.2 | 24.4 | 14.1 | 0.55% | 1.95% |
| ROK | Rockwell Automation, Inc. | 2.55% | 39.9 | 29.8 | 5.3 | 1.30% | 1.87% |
| CDNS | Cadence Design Systems, Inc. | 2.38% | 63.5 | 31.5 | 15.1 | — | 1.10% |
| TXN | Texas Instruments Incorporated | 2.37% | 42.1 | 27.5 | 13.0 | 2.20% | 1.65% |
| PH | Parker-Hannifin Corporation | 2.19% | 33.8 | 27.5 | 5.7 | 0.83% | 1.90% |
| JNJ | Johnson & Johnson | 2.19% | 38.8 | 21.0 | 6.2 | 2.10% | 1.66% |
| PGR | The Progressive Corporation | 2.19% | 11.0 | 12.7 | 1.4 | 0.18% | 5.83% |
| WMT | Walmart Inc. | 2.14% | 43.0 | 38.0 | 1.3 | 0.83% | 1.46% |
| ORCL | Oracle Corporation | 2.00% | 20.1 | 17.8 | 5.4 | 1.56% | 2.91% |
| META | Meta Platforms, Inc. | 1.86% | 26.7 | 22.1 | 7.9 | 0.30% | 2.04% |
| AVGO | Broadcom Inc. | 1.79% | 43.3 | 19.4 | 17.6 | 0.79% | 1.22% |
| COST | Costco Wholesale Corporation | 1.65% | 47.6 | 40.3 | 1.4 | 0.59% | 1.02% |
| AJG | Arthur J. Gallagher & Co. | 1.50% | 42.3 | 16.3 | 4.3 | 1.10% | 1.04% |
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 BBHL valuation
Adding up its 46 holdings with company data, BBHL trades at 28.4 times trailing earnings and 24.1 times analysts' forward estimates, with a price-to-book ratio of 7.17 and a dividend yield of 0.81%. Its earnings yield of 3.52% is 1.81 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 47.0% of the fund and earn 50.6% of its combined profit. By sector, Technology is the most expensive at 38.9 times earnings and Financial Services the cheapest at 18.7. 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 99.3% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: BBHL chart, BBHL holdings.
BBHL valuation FAQ
What is the P/E ratio of BBHL?
Based on its holdings, BBHL has a trailing P/E of 28.4 and a forward P/E of 24.1 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of BBHL?
The trailing earnings yield is 3.52% (1 ÷ P/E) and the forward earnings yield 4.15%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is BBHL more expensive than the S&P 500?
BBHL trades at 28.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 24.1 and 19.9.
What is the price-to-book ratio of BBHL?
The holdings of BBHL trade at 7.17 times book value, with a combined return on equity of 25.2%.
Which sector in BBHL has the highest P/E?
Technology has the highest P/E at 38.9 and Financial Services the lowest at 18.7.