The Beehive ETF (BEEX) Valuation
BEEX valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 23.4 trailing earnings
- Forward P/E
- 17.7 analyst estimates
- Price / sales
- 0.26
- Price / book
- 3.81
- EV / EBITDA
- 14.7
- Earnings yield
- 4.27% inverse of P/E
- Dividend yield
- 1.21% of the holdings
- Return on equity
- 16.3% combined
- Net margin
- 1.1% combined
- Beta
- 1.15 weighted, vs S&P 500
BEEX valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| BEEX | 23.4 | 17.7 | 0.26 | 3.81 | 1.21% | 16.3% | 1.1% | 3.1% |
| 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.
BEEX valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 26.8% | 23.4 | 18.0 | 0.09 | 7.93 | 1.03% | 33.9% |
| Industrials | 14.2% | 49.1 | 16.5 | 1.82 | 3.48 | 0.90% | 7.1% |
| Healthcare | 12.8% | 28.7 | 18.6 | 1.28 | 3.42 | 1.10% | 11.9% |
| Consumer Cyclical | 11.1% | 19.5 | 17.0 | 1.77 | 3.03 | 1.89% | 15.5% |
| Financial Services | 10.6% | 15.4 | 14.4 | 3.65 | 2.37 | 1.23% | 15.4% |
| Communication Services | 6.0% | 22.1 | 22.8 | 8.22 | 7.14 | 0.21% | 32.4% |
| Energy | 4.7% | 16.5 | 14.7 | 2.56 | 1.65 | 2.37% | 10.0% |
| Real Estate | 1.7% | 27.7 | 29.2 | 12.36 | 2.37 | 3.40% | 8.6% |
| Utilities | 1.0% | 59.8 | 20.5 | 0.59 | 2.34 | 0.00% | 3.9% |
BEEX 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 BEEX weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
BEEX largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AMZN | Amazon.com, Inc. | 6.61% | 20.1 | 23.6 | 3.5 | — | 9.21% |
| MSFT | Microsoft Corporation | 5.32% | 29.5 | 25.1 | 11.8 | 0.74% | 5.06% |
| AAPL | Apple Inc. | 5.23% | 39.4 | 35.2 | 10.7 | 0.31% | 3.72% |
| GOOG | Alphabet Inc. | 4.79% | 16.9 | 21.8 | 9.2 | 0.26% | 7.94% |
| TXN | Texas Instruments Incorporated | 3.84% | 42.1 | 27.5 | 13.0 | 2.20% | 2.56% |
| ELV | Elevance Health Inc. | 3.83% | 19.0 | 13.7 | 0.5 | 1.61% | 5.67% |
| NVDA | NVIDIA Corporation | 3.66% | 27.1 | 24.9 | 17.1 | 0.47% | 3.79% |
| LIN | Linde plc | 3.38% | 32.2 | 23.6 | 6.5 | 1.28% | 2.94% |
| FNV | Franco-Nevada Corporation | 3.22% | — | — | — | — | — |
| EADSY | Airbus Group NV | 3.13% | — | — | — | — | — |
| AMCR | Amcor plc | 3.10% | 18.4 | 10.6 | 0.9 | 5.93% | 4.72% |
| CVX | Chevron Corporation | 2.74% | 21.2 | 15.2 | 2.1 | 3.16% | 3.62% |
| ORCL | Oracle Corporation | 2.54% | 20.1 | 17.8 | 5.4 | 1.56% | 3.54% |
| ILMN | Illumina, Inc. | 2.42% | 49.0 | 40.3 | 8.8 | — | 1.38% |
| TMO | Thermo Fisher Scientific Inc. | 2.37% | 37.1 | 24.2 | 5.5 | 0.27% | 1.79% |
| FGXXX | First American Funds Inc. - Government Obligations Fund | 2.32% | — | — | — | — | — |
| SYK | Stryker Corporation | 2.25% | 30.5 | 16.5 | 4.4 | 1.19% | 2.07% |
| CB | Chubb Limited | 2.25% | 12.7 | 11.6 | 2.2 | 1.13% | 4.95% |
| CP | Canadian Pacific Railway Ltd | 2.20% | — | — | — | — | — |
| ICE | Intercontinental Exchange, Inc. | 2.14% | 22.8 | 18.1 | 8.6 | 1.29% | 2.63% |
| K7X | BROOKFIELD CORP. CL.A | 1.97% | — | — | — | — | — |
| EQT | EQT Corporation | 1.94% | 12.6 | 14.1 | 3.7 | 1.25% | 4.31% |
| JPM | JPMorgan Chase & Co. | 1.90% | 14.2 | 13.5 | 4.7 | 1.94% | 3.74% |
| ABT | Abbott Laboratories | 1.88% | 33.8 | 17.1 | 3.9 | 2.40% | 1.56% |
| NVT | nVent Electric plc | 1.82% | 39.3 | 25.1 | 4.8 | 0.59% | 1.30% |
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 BEEX valuation
Adding up its 35 holdings with company data, BEEX trades at 23.4 times trailing earnings and 17.7 times analysts' forward estimates, with a price-to-book ratio of 3.81 and a dividend yield of 1.21%. Its earnings yield of 4.27% is 1.06 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 43.0% of the fund and earn 49.2% of its combined profit. By sector, Utilities is the most expensive at 59.8 times earnings and Financial Services the cheapest at 15.4. Companies that lost money over the past year are 3.1% 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 84.2% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: BEEX chart, BEEX performance, BEEX holdings, BEEX dividends.
BEEX valuation FAQ
What is the P/E ratio of BEEX?
Based on its holdings, BEEX has a trailing P/E of 23.4 and a forward P/E of 17.7 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of BEEX?
The trailing earnings yield is 4.27% (1 ÷ P/E) and the forward earnings yield 5.64%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is BEEX more expensive than the S&P 500?
BEEX trades at 23.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 17.7 and 19.9.
What is the price-to-book ratio of BEEX?
The holdings of BEEX trade at 3.81 times book value, with a combined return on equity of 16.3%.
Which sector in BEEX has the highest P/E?
Utilities has the highest P/E at 59.8 and Financial Services the lowest at 15.4.