BNY Mellon US Small Cap Core Equity ETF (BKSE) Valuation
BKSE valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 31.9 trailing earnings
- Forward P/E
- 14.0 analyst estimates
- Price / sales
- 1.36
- Price / book
- 2.18
- EV / EBITDA
- 11.3
- Earnings yield
- 3.13% inverse of P/E
- Dividend yield
- 1.45% of the holdings
- Return on equity
- 6.8% combined
- Net margin
- 4.3% combined
- Beta
- 1.09 weighted, vs S&P 500
BKSE valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| BKSE | 31.9 | 14.0 | 1.36 | 2.18 | 1.45% | 6.8% | 4.3% | 18.5% |
| 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.
BKSE valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 17.4% | 55.6 | 16.1 | 1.82 | 3.86 | 0.23% | 6.9% |
| Financial Services | 16.2% | 16.6 | 10.8 | 2.43 | 1.44 | 2.29% | 8.6% |
| Industrials | 14.0% | 45.8 | 15.4 | 1.18 | 2.52 | 0.98% | 5.5% |
| Consumer Cyclical | 13.3% | 16.3 | 11.2 | 0.69 | 2.32 | 1.51% | 14.2% |
| Healthcare | 11.4% | n/m | 18.6 | 3.09 | 4.52 | 0.08% | −2.6% |
| Energy | 6.9% | 20.0 | 12.2 | 0.91 | 1.45 | 1.92% | 7.3% |
| Real Estate | 6.2% | 63.0 | 26.8 | 3.09 | 1.51 | 5.06% | 2.4% |
| Basic Materials | 4.2% | n/m | 13.2 | 0.90 | 2.33 | 1.08% | −0.5% |
| Utilities | 3.2% | 23.0 | 17.1 | 2.27 | 1.56 | 3.12% | 6.8% |
| Consumer Defensive | 3.1% | 21.4 | 16.1 | 0.87 | 2.57 | 0.96% | 12.0% |
| Communication Services | 1.8% | n/m | 14.7 | 1.35 | 1.44 | 1.53% | −3.2% |
| Information Technology | 0.1% | n/m | 45.0 | 20.20 | 2.74 | 0.00% | −2.7% |
BKSE 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 BKSE weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
BKSE largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AVTR | Avantor, Inc. | 0.50% | — | 16.9 | 1.7 | — | −0.87% |
| GTLB | GitLab Inc. | 0.42% | — | 55.2 | 8.3 | — | −0.09% |
| SM | SM Energy Company | 0.41% | 7.0 | 4.4 | 1.9 | 2.23% | 1.98% |
| ESTC | Elastic N.V. | 0.40% | 26.2 | 27.4 | 5.3 | — | 0.52% |
| ETSY | Etsy, Inc. | 0.39% | 24.9 | 14.9 | 2.7 | — | 0.53% |
| THG | The Hanover Insurance Group, Inc. | 0.38% | 11.2 | 11.1 | 1.2 | 1.63% | 1.16% |
| RHP | Ryman Hospitality Properties, Inc. | 0.37% | 30.7 | 25.8 | 3.2 | 3.81% | 0.41% |
| TWST | Twist Bioscience Corporation | 0.37% | — | — | 20.4 | — | −0.21% |
| CLF | Cleveland-Cliffs Inc. | 0.36% | — | 16.0 | 0.4 | — | −1.63% |
| EAT | Brinker International, Inc. | 0.36% | 18.8 | 16.2 | 1.5 | — | 0.65% |
| ZETA | Zeta Global Holdings Corp. | 0.36% | — | 24.4 | 5.0 | — | −0.00% |
| QLYS | Qualys, Inc. | 0.35% | 31.4 | 21.9 | 9.1 | — | 0.38% |
| TXG | 10x Genomics, Inc. | 0.35% | — | — | 14.8 | — | −0.09% |
| PCTY | Paylocity Holding Corporation | 0.34% | 33.8 | 15.4 | 5.2 | — | 0.35% |
| NOV | NOV Inc. | 0.34% | 70.1 | 15.6 | 0.8 | 1.90% | 0.16% |
| S | SentinelOne, Inc. | 0.34% | — | 75.2 | 6.8 | — | −0.53% |
| AVT | Avnet, Inc. | 0.34% | 23.3 | 7.1 | 0.3 | 1.64% | 0.49% |
| RAL | Ralliant Corporation | 0.34% | — | 21.7 | 3.4 | 0.30% | −1.88% |
| LW | Lamb Weston Holdings, Inc. | 0.34% | 29.3 | 14.7 | 1.1 | 2.84% | 0.39% |
| PBF | PBF Energy Inc. | 0.33% | 7.4 | 8.4 | 0.3 | 1.30% | 1.49% |
| MAC | The Macerich Company | 0.32% | — | — | 6.6 | 2.96% | −0.30% |
| CHE | Chemed Corporation | 0.32% | 25.8 | 18.2 | 2.6 | 0.55% | 0.43% |
| CVLT | Commvault Systems, Inc. | 0.32% | 95.0 | 28.0 | 5.1 | — | 0.12% |
| FSS | Federal Signal Corporation | 0.31% | 24.2 | 19.8 | 2.8 | 0.53% | 0.44% |
| SLAB | Silicon Laboratories Inc. | 0.31% | — | 51.0 | 8.6 | — | −0.06% |
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 BKSE valuation
Adding up its 558 holdings with company data, BKSE trades at 31.9 times trailing earnings and 14.0 times analysts' forward estimates, with a price-to-book ratio of 2.18 and a dividend yield of 1.45%. Its earnings yield of 3.13% is 2.20 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 4.0% of the fund and earn 2.5% of its combined profit. By sector, Real Estate is the most expensive at 63.0 times earnings and Consumer Cyclical the cheapest at 16.3. Companies that lost money over the past year are 18.5% 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 95.3% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: BKSE chart, BKSE performance, BKSE holdings, BKSE dividends.
BKSE valuation FAQ
What is the P/E ratio of BKSE?
Based on its holdings, BKSE has a trailing P/E of 31.9 and a forward P/E of 14.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of BKSE?
The trailing earnings yield is 3.13% (1 ÷ P/E) and the forward earnings yield 7.12%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is BKSE more expensive than the S&P 500?
BKSE trades at 31.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 14.0 and 19.9.
What is the price-to-book ratio of BKSE?
The holdings of BKSE trade at 2.18 times book value, with a combined return on equity of 6.8%.
Which sector in BKSE has the highest P/E?
Real Estate has the highest P/E at 63.0 and Consumer Cyclical the lowest at 16.3.