JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC) Valuation

Cboe BZX: BBMCP/E, earnings yield and other ratios of the holdings combined.

BBMC valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 29.9
Forward P/E: 15.1
Price / sales: 1.64
Price / book: 2.85
EV / EBITDA: 12.1
Earnings yield: 3.34%
Dividend yield: 1.30%
Return on equity: 9.5%
Net margin: 5.5%
Beta: 1.09

BBMC valuation vs other stock ETFs

P/E (TTM)Forward P/E

BBMC valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
BBMC	29.9	15.1	1.64	2.85	1.30%	9.5%	5.5%	17.2%
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.

BBMC valuation by sector

P/E (TTM)Forward P/E

BBMC valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Industrials	18.5%	35.4	18.1	1.48	3.85	0.84%	10.9%
Healthcare	15.4%	200.1	18.3	2.94	4.39	0.15%	2.2%
Technology	14.2%	36.6	18.4	2.25	5.29	0.22%	14.4%
Financial Services	14.0%	15.0	10.2	1.92	1.63	2.13%	10.8%
Consumer Cyclical	11.4%	23.1	14.5	0.99	3.62	1.14%	15.7%
Real Estate	6.6%	24.8	21.7	3.77	1.98	4.86%	8.0%
Energy	4.3%	16.1	11.2	1.85	1.86	2.01%	11.5%
Basic Materials	4.3%	29.7	13.6	1.48	2.34	1.27%	7.9%
Consumer Defensive	4.2%	42.6	12.9	0.54	2.40	2.24%	5.6%
Communication Services	3.3%	560.7	13.9	2.55	2.42	0.64%	0.4%
Utilities	2.7%	19.6	12.8	2.25	1.85	2.99%	9.4%

BBMC earnings yield vs bond yields

BBMC earnings yield (forward)

6.62%

BBMC earnings yield (trailing)

3.34%

BBMC dividend yield

1.30%

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 BBMC weight splits by P/E

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

BBMC largest holdings: valuation

BBMC largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
MRNA	Moderna, Inc.	1.50%	—	23.0	39.1	—	−1.71%
NTRA	Natera, Inc.	1.15%	—	—	20.9	—	−0.12%
RVMD	Revolution Medicines, Inc.	0.85%	—	—	9,035.1	—	−1.31%
TEAM	Atlassian Corporation	0.74%	—	36.2	8.0	—	−0.01%
OKTA	Okta, Inc.	0.71%	112.8	54.3	10.7	—	0.20%
WSM	Williams-Sonoma, Inc.	0.66%	25.7	24.6	3.7	1.22%	0.80%
CASY	Casey's General Stores, Inc.	0.60%	33.2	29.1	1.4	0.38%	0.56%
FTI	TechnipFMC plc	0.54%	24.3	21.3	2.6	0.29%	0.70%
TPR	Tapestry, Inc.	0.50%	16.5	14.2	3.0	1.54%	0.95%
ATI	ATI Inc.	0.50%	54.4	28.8	5.4	—	0.28%
RDDT	Reddit, Inc.	0.49%	36.3	23.2	10.8	—	0.42%
THC	Tenet Healthcare Corporation	0.49%	10.5	12.5	1.0	—	1.46%
RS	Reliance Steel & Aluminum Co.	0.49%	23.9	16.4	1.3	1.22%	0.63%
Q	Qnity Electronics, Inc.	0.48%	41.2	24.8	4.6	0.28%	0.37%
USFD	US Foods Holding Corp.	0.48%	31.4	17.0	0.5	—	0.48%
VTRS	Viatris Inc.	0.48%	—	6.4	1.5	2.57%	−0.29%
UTHR	United Therapeutics Corporation	0.48%	19.1	16.4	7.2	—	0.77%
ROKU	Roku, Inc	0.47%	65.8	39.1	4.4	—	0.22%
XPO	XPO Logistics, Inc.	0.47%	54.9	27.0	2.5	—	0.27%
NVT	nVent Electric plc	0.46%	39.3	25.1	4.8	0.59%	0.37%
GH	Guardant Health, Inc.	0.44%	—	—	18.0	—	−0.30%
RGLD	Royal Gold, Inc.	0.44%	26.4	24.2	13.1	0.80%	0.52%
SNX	TD SYNNEX Corporation	0.44%	15.0	12.7	0.3	0.78%	0.90%
AFRM	Affirm Holdings, Inc.	0.43%	13.4	35.6	5.9	—	0.99%
DT	Dynatrace, Inc.	0.42%	122.2	29.6	8.5	—	0.11%

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 BBMC valuation

Adding up its 442 holdings with company data, BBMC trades at 29.9 times trailing earnings and 15.1 times analysts' forward estimates, with a price-to-book ratio of 2.85 and a dividend yield of 1.30%. Its earnings yield of 3.34% is 1.99 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 7.8% of the fund and earn 0.3% of its combined profit. By sector, Communication Services is the most expensive at 560.7 times earnings and Financial Services the cheapest at 15.0. Companies that lost money over the past year are 17.2% 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 97.2% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

BBMC valuation FAQ

What is the P/E ratio of BBMC?

Based on its holdings, BBMC has a trailing P/E of 29.9 and a forward P/E of 15.1 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of BBMC?

The trailing earnings yield is 3.34% (1 ÷ P/E) and the forward earnings yield 6.62%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is BBMC more expensive than the S&P 500?

BBMC trades at 29.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 15.1 and 19.9.

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

The holdings of BBMC trade at 2.85 times book value, with a combined return on equity of 9.5%.

Which sector in BBMC has the highest P/E?

Communication Services has the highest P/E at 560.7 and Financial Services the lowest at 15.0.