JPMorgan BetaBuilders U.S. Equity ETF (BBUS) Valuation

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

BBUS valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 26.5
Forward P/E: 20.0
Price / sales: 3.69
Price / book: 5.50
EV / EBITDA: 17.5
Earnings yield: 3.77%
Dividend yield: 1.08%
Return on equity: 20.7%
Net margin: 13.9%
Beta: 1.15

BBUS valuation vs other stock ETFs

P/E (TTM)Forward P/E

BBUS valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
BBUS	26.5	20.0	3.69	5.50	1.08%	20.7%	13.9%	2.7%
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.

BBUS valuation by sector

P/E (TTM)Forward P/E

BBUS valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	38.6%	34.4	23.4	9.24	12.46	0.55%	36.3%
Financial Services	11.8%	15.9	14.6	3.48	2.38	1.48%	14.9%
Healthcare	9.8%	36.9	17.7	1.75	5.44	1.53%	14.7%
Communication Services	9.0%	18.1	18.9	4.81	4.95	0.72%	27.4%
Consumer Cyclical	8.7%	28.1	23.6	2.75	6.54	0.71%	23.3%
Industrials	7.3%	30.4	23.2	2.97	6.67	1.12%	22.0%
Consumer Defensive	4.7%	29.4	21.9	1.77	7.22	2.31%	24.6%
Energy	3.6%	19.9	12.8	1.87	2.59	2.24%	13.0%
Utilities	2.0%	19.5	15.7	2.81	2.08	2.99%	10.7%
Real Estate	1.5%	34.1	32.1	6.52	3.30	3.31%	9.7%
Basic Materials	1.5%	30.7	17.4	2.98	3.92	1.41%	12.7%

BBUS earnings yield vs bond yields

BBUS earnings yield (forward)

5.00%

BBUS earnings yield (trailing)

3.77%

BBUS 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 BBUS weight splits by P/E

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

BBUS largest holdings: valuation

BBUS largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
AAPL	Apple Inc.	7.82%	39.4	35.2	10.7	0.31%	5.34%
NVDA	NVIDIA Corporation	7.68%	27.1	24.9	17.1	0.47%	7.63%
MSFT	Microsoft Corporation	5.79%	29.5	25.1	11.8	0.74%	5.28%
AMZN	Amazon.com, Inc.	3.56%	20.1	23.6	3.5	—	4.77%
GOOGL	Alphabet Inc.	2.83%	17.1	22.8	9.3	0.26%	4.45%
GOOG	Alphabet Inc.	2.27%	16.9	21.8	9.2	0.26%	3.62%
AVGO	Broadcom Inc.	2.19%	43.3	19.4	17.6	0.79%	1.36%
META	Meta Platforms, Inc.	2.08%	26.7	22.1	7.9	0.30%	2.09%
LLY	Eli Lilly and Company	1.63%	42.2	24.4	14.1	0.55%	1.04%
TSLA	Tesla, Inc.	1.60%	328.4	158.7	13.5	—	0.13%
MU	Micron Technology, Inc.	1.52%	11.8	7.0	7.5	0.07%	3.45%
BRK.B	Berkshire Hathaway Inc.	1.51%	13.4	22.7	3.0	—	3.03%
JPM	JPMorgan Chase & Co.	1.30%	14.2	13.5	4.7	1.94%	2.45%
AMD	Advanced Micro Devices, Inc.	1.27%	134.9	39.5	20.9	—	0.25%
XOM	Exxon Mobil Corporation	1.09%	23.0	14.8	2.0	2.30%	1.28%
V	Visa Inc.	1.06%	34.3	24.0	17.0	0.67%	0.83%
JNJ	Johnson & Johnson	0.99%	38.8	21.0	6.2	2.10%	0.69%
WMT	Walmart Inc.	0.80%	43.0	38.0	1.3	0.83%	0.50%
MA	Mastercard Incorporated	0.79%	34.0	24.2	15.4	0.56%	0.63%
ABBV	AbbVie Inc.	0.78%	80.6	16.4	7.8	2.42%	0.26%
COST	Costco Wholesale Corporation	0.72%	47.6	40.3	1.4	0.59%	0.40%
PLTR	Palantir Technologies Inc.	0.67%	160.4	85.5	72.6	—	0.11%
CSCO	Cisco Systems, Inc.	0.65%	32.2	19.8	6.7	1.56%	0.54%
INTC	Intel Corporation	0.61%	—	63.3	8.3	—	−0.39%
CVX	Chevron Corporation	0.61%	21.2	15.2	2.1	3.16%	0.77%

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 BBUS valuation

Adding up its 459 holdings with company data, BBUS trades at 26.5 times trailing earnings and 20.0 times analysts' forward estimates, with a price-to-book ratio of 5.50 and a dividend yield of 1.08%. Its earnings yield of 3.77% is 1.55 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 37.5% of the fund and earn 35.7% of its combined profit. By sector, Healthcare is the most expensive at 36.9 times earnings and Financial Services the cheapest at 15.9. Companies that lost money over the past year are 2.7% 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 99.3% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

BBUS valuation FAQ

What is the P/E ratio of BBUS?

Based on its holdings, BBUS has a trailing P/E of 26.5 and a forward P/E of 20.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of BBUS?

The trailing earnings yield is 3.77% (1 ÷ P/E) and the forward earnings yield 5.00%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is BBUS more expensive than the S&P 500?

BBUS trades at 26.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 20.0 and 19.9.

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

The holdings of BBUS trade at 5.50 times book value, with a combined return on equity of 20.7%.

Which sector in BBUS has the highest P/E?

Healthcare has the highest P/E at 36.9 and Financial Services the lowest at 15.9.