Honeytree U.S. Equity ETF (BEEZ) Valuation
BEEZ valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 31.0 trailing earnings
- Forward P/E
- 23.5 analyst estimates
- Price / sales
- 4.19
- Price / book
- 7.18
- EV / EBITDA
- 19.4
- Earnings yield
- 3.23% inverse of P/E
- Dividend yield
- 1.09% of the holdings
- Return on equity
- 23.2% combined
- Net margin
- 13.5% combined
- Beta
- 0.94 weighted, vs S&P 500
BEEZ valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| BEEZ | 31.0 | 23.5 | 4.19 | 7.18 | 1.09% | 23.2% | 13.5% | 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.
BEEZ valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Industrials | 30.7% | 27.2 | 21.3 | 3.67 | 6.66 | 1.35% | 24.5% |
| Technology | 22.9% | 33.4 | 23.4 | 4.93 | 8.41 | 1.08% | 25.2% |
| Financial Services | 14.5% | 30.3 | 23.4 | 10.92 | 11.65 | 0.77% | 38.5% |
| Healthcare | 14.0% | 30.4 | 22.6 | 3.83 | 4.40 | 0.75% | 14.5% |
| Basic Materials | 8.4% | 31.5 | 23.7 | 4.46 | 8.45 | 1.12% | 26.8% |
| Consumer Defensive | 4.4% | 47.6 | 40.3 | 1.45 | 11.97 | 0.59% | 25.1% |
| Real Estate | 3.6% | 63.4 | 52.1 | 9.82 | 7.27 | 2.09% | 11.5% |
BEEZ 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 BEEZ weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
BEEZ largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NOW | ServiceNow, Inc. | 5.64% | 88.7 | 27.8 | 10.0 | — | 2.12% |
| DSG | Descartes Systems Group Inc | 5.42% | — | — | — | — | — |
| A | Agilent Technologies, Inc. | 5.11% | 34.1 | 23.9 | 6.6 | 0.59% | 4.99% |
| MA | Mastercard Incorporated | 4.92% | 34.0 | 24.2 | 15.4 | 0.56% | 4.83% |
| V | Visa Inc. | 4.87% | 34.3 | 24.0 | 17.0 | 0.67% | 4.74% |
| TMO | Thermo Fisher Scientific Inc. | 4.85% | 37.1 | 24.2 | 5.5 | 0.27% | 4.35% |
| CTAS | Cintas Corporation | 4.74% | 42.1 | 36.2 | 7.3 | 0.97% | 3.74% |
| BMI | Badger Meter, Inc. | 4.70% | 29.6 | 26.2 | 4.2 | 1.39% | 5.30% |
| CBOE | Cboe Global Markets, Inc. | 4.68% | 24.6 | 21.9 | 6.5 | 1.09% | 6.35% |
| COST | Costco Wholesale Corporation | 4.43% | 47.6 | 40.3 | 1.4 | 0.59% | 3.10% |
| BR | Broadridge Financial Solutions, Inc. | 4.38% | 18.2 | 15.5 | 2.6 | 2.49% | 7.99% |
| LIN | Linde plc | 4.35% | 32.2 | 23.6 | 6.5 | 1.28% | 4.50% |
| FAST | Fastenal Company | 4.30% | 41.5 | 37.5 | 6.4 | 2.04% | 3.45% |
| ATR | AptarGroup, Inc. | 4.02% | 22.5 | 19.8 | 2.0 | 1.54% | 5.96% |
| WTS | Watts Water Technologies, Inc. | 4.02% | 31.2 | 25.3 | 4.4 | 0.64% | 4.30% |
| SHW | The Sherwin-Williams Company | 4.00% | 30.9 | 23.8 | 3.3 | 0.95% | 4.32% |
| ITW | Illinois Tool Works Inc. | 3.95% | 24.7 | 21.9 | 4.7 | 2.53% | 5.33% |
| FSS | Federal Signal Corporation | 3.87% | 24.2 | 19.8 | 2.8 | 0.53% | 5.32% |
| EQIX | Equinix, Inc. | 3.60% | 63.4 | 52.1 | 9.8 | 2.09% | 1.89% |
| PNR | Pentair plc | 3.51% | 13.8 | 10.7 | 2.1 | 2.02% | 8.48% |
| CMI | Cummins Inc. | 3.49% | 27.2 | 15.4 | 2.1 | 1.66% | 4.28% |
| FIX | Comfort Systems USA, Inc. | 2.83% | 35.4 | 26.0 | 4.5 | 0.25% | 2.67% |
| LRCX | Lam Research Corporation | 2.76% | 45.8 | 33.7 | 14.2 | 0.50% | 2.00% |
| FGXXX | First American Funds Inc. - Government Obligations Fund | 1.17% | — | — | — | — | — |
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 BEEZ valuation
Adding up its 22 holdings with company data, BEEZ trades at 31.0 times trailing earnings and 23.5 times analysts' forward estimates, with a price-to-book ratio of 7.18 and a dividend yield of 1.09%. Its earnings yield of 3.23% is 2.10 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 49.4% of the fund and earn 47.5% of its combined profit. By sector, Real Estate is the most expensive at 63.4 times earnings and Industrials the cheapest at 27.2. 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 93.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: BEEZ chart, BEEZ performance, BEEZ holdings, BEEZ dividends.
BEEZ valuation FAQ
What is the P/E ratio of BEEZ?
Based on its holdings, BEEZ has a trailing P/E of 31.0 and a forward P/E of 23.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of BEEZ?
The trailing earnings yield is 3.23% (1 ÷ P/E) and the forward earnings yield 4.26%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is BEEZ more expensive than the S&P 500?
BEEZ trades at 31.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 23.5 and 19.9.
What is the price-to-book ratio of BEEZ?
The holdings of BEEZ trade at 7.18 times book value, with a combined return on equity of 23.2%.
Which sector in BEEZ has the highest P/E?
Real Estate has the highest P/E at 63.4 and Industrials the lowest at 27.2.