MicroSectors U.S. Big Banks 3x Leveraged ETN (BNKU) Valuation
BNKU valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 13.0 trailing earnings
- Forward P/E
- 11.9 analyst estimates
- Price / sales
- 3.57
- Price / book
- 1.87
- EV / EBITDA
- —
- Earnings yield
- 7.67% inverse of P/E
- Dividend yield
- 2.41% of the holdings
- Return on equity
- 14.3% combined
- Net margin
- 27.4% combined
- Beta
- 1.06 weighted, vs S&P 500
BNKU valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| BNKU | 13.0 | 11.9 | 3.57 | 1.87 | 2.41% | 14.3% | 27.4% | 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.
BNKU valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 98.2% | 13.0 | 11.9 | 3.57 | 1.87 | 2.41% | 14.3% |
BNKU 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 BNKU weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
BNKU largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| BNY | The Bank of New York Mellon Corporation | 10.57% | 15.9 | 15.0 | 4.4 | 1.55% | 8.84% |
| MS | Morgan Stanley | 10.16% | 14.3 | 14.9 | 3.6 | 2.55% | 9.42% |
| USB | U.S. Bancorp | 10.04% | 11.4 | 10.4 | 3.3 | 3.68% | 11.66% |
| PNC | The PNC Financial Services Group, Inc. | 9.99% | 11.6 | 10.7 | 3.5 | 3.68% | 11.45% |
| SCHW | The Charles Schwab Corporation | 9.85% | 15.7 | 12.9 | 5.9 | 1.39% | 8.32% |
| GS | The Goldman Sachs Group, Inc. | 9.69% | 12.7 | 12.8 | 3.6 | 2.27% | 10.16% |
| JPM | JPMorgan Chase & Co. | 9.62% | 14.2 | 13.5 | 4.7 | 1.94% | 8.96% |
| C | Citigroup Inc. | 9.56% | 12.1 | 10.2 | 2.5 | 2.16% | 10.48% |
| WFC | Wells Fargo & Company | 9.38% | 11.8 | 10.2 | 3.0 | 2.38% | 10.53% |
| BAC | Bank of America Corporation | 9.38% | 12.2 | 10.8 | 3.1 | 2.50% | 10.18% |
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 BNKU valuation
Adding up its 10 holdings with company data, BNKU trades at 13.0 times trailing earnings and 11.9 times analysts' forward estimates, with a price-to-book ratio of 1.87 and a dividend yield of 2.41%. Its earnings yield of 7.67% is 2.34 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 98.2% of the fund and earn 100.0% of its combined profit. 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 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: BNKU chart, BNKU performance, BNKU holdings.
BNKU valuation FAQ
What is the P/E ratio of BNKU?
Based on its holdings, BNKU has a trailing P/E of 13.0 and a forward P/E of 11.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of BNKU?
The trailing earnings yield is 7.67% (1 ÷ P/E) and the forward earnings yield 8.39%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is BNKU more expensive than the S&P 500?
BNKU trades at 13.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 11.9 and 19.9.
What is the price-to-book ratio of BNKU?
The holdings of BNKU trade at 1.87 times book value, with a combined return on equity of 14.3%.