Innovator S&P 500 Buffer ETF - September (BSEP) Valuation
BSEP valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 25.8 trailing earnings
- Forward P/E
- 19.8 analyst estimates
- Price / sales
- 3.60
- Price / book
- 5.40
- EV / EBITDA
- 17.1
- Earnings yield
- 3.88% inverse of P/E
- Dividend yield
- 1.10% of the holdings
- Return on equity
- 20.9% combined
- Net margin
- 14.0% combined
- Beta
- 1.15 weighted, vs S&P 500
BSEP valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| BSEP | 25.8 | 19.8 | 3.60 | 5.40 | 1.10% | 20.9% | 14.0% | 1.8% |
| 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.
BSEP valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 38.0% | 32.2 | 23.2 | 9.11 | 12.44 | 0.56% | 38.6% |
| Financial Services | 11.9% | 16.1 | 14.7 | 3.47 | 2.39 | 1.48% | 14.8% |
| Healthcare | 9.8% | 37.6 | 17.5 | 1.74 | 5.26 | 1.51% | 14.0% |
| Communication Services | 9.1% | 18.1 | 18.7 | 4.77 | 4.92 | 0.73% | 27.2% |
| Consumer Cyclical | 9.0% | 26.9 | 22.9 | 2.67 | 6.43 | 0.75% | 23.9% |
| Industrials | 6.9% | 27.9 | 21.6 | 2.74 | 6.30 | 1.21% | 22.6% |
| Consumer Defensive | 4.7% | 29.0 | 21.5 | 1.70 | 6.91 | 2.34% | 23.8% |
| Energy | 3.5% | 19.8 | 12.8 | 1.86 | 2.52 | 2.29% | 12.8% |
| Utilities | 2.0% | 19.0 | 15.5 | 2.74 | 2.06 | 3.04% | 10.8% |
| Real Estate | 1.7% | 34.9 | 32.4 | 6.29 | 3.16 | 3.34% | 9.0% |
| Basic Materials | 1.5% | 31.2 | 17.1 | 2.89 | 3.82 | 1.38% | 12.2% |
BSEP 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 BSEP weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
BSEP largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 7.90% | 27.1 | 24.9 | 17.1 | 0.47% | 7.67% |
| AAPL | Apple Inc. | 7.30% | 39.4 | 35.2 | 10.7 | 0.31% | 4.87% |
| MSFT | Microsoft Corporation | 5.90% | 29.5 | 25.1 | 11.8 | 0.74% | 5.26% |
| AMZN | Amazon.com, Inc. | 3.73% | 20.1 | 23.6 | 3.5 | — | 4.88% |
| GOOGL | Alphabet Inc. | 2.80% | 17.1 | 22.8 | 9.3 | 0.26% | 4.31% |
| AVGO | Broadcom Inc. | 2.28% | 43.3 | 19.4 | 17.6 | 0.79% | 1.38% |
| GOOG | Alphabet Inc. | 2.28% | 16.9 | 21.8 | 9.2 | 0.26% | 3.54% |
| META | Meta Platforms, Inc. | 2.15% | 26.7 | 22.1 | 7.9 | 0.30% | 2.12% |
| BRK.B | Berkshire Hathaway Inc. | 1.59% | 13.4 | 22.7 | 3.0 | — | 3.13% |
| LLY | Eli Lilly and Company | 1.53% | 42.2 | 24.4 | 14.1 | 0.55% | 0.95% |
| TSLA | Tesla, Inc. | 1.53% | 328.4 | 158.7 | 13.5 | — | 0.12% |
| MU | Micron Technology, Inc. | 1.47% | 11.8 | 7.0 | 7.5 | 0.07% | 3.26% |
| JPM | JPMorgan Chase & Co. | 1.41% | 14.2 | 13.5 | 4.7 | 1.94% | 2.60% |
| AMD | Advanced Micro Devices, Inc. | 1.22% | 134.9 | 39.5 | 20.9 | — | 0.24% |
| V | Visa Inc. | 1.09% | 34.3 | 24.0 | 17.0 | 0.67% | 0.84% |
| XOM | Exxon Mobil Corporation | 1.07% | 23.0 | 14.8 | 2.0 | 2.30% | 1.22% |
| JNJ | Johnson & Johnson | 1.00% | 38.8 | 21.0 | 6.2 | 2.10% | 0.68% |
| MA | Mastercard Incorporated | 0.80% | 34.0 | 24.2 | 15.4 | 0.56% | 0.62% |
| WMT | Walmart Inc. | 0.79% | 43.0 | 38.0 | 1.3 | 0.83% | 0.48% |
| ABBV | AbbVie Inc. | 0.78% | 80.6 | 16.4 | 7.8 | 2.42% | 0.26% |
| PLTR | Palantir Technologies Inc. | 0.67% | 160.4 | 85.5 | 72.6 | — | 0.11% |
| COST | Costco Wholesale Corporation | 0.67% | 47.6 | 40.3 | 1.4 | 0.59% | 0.37% |
| CVX | Chevron Corporation | 0.64% | 21.2 | 15.2 | 2.1 | 3.16% | 0.80% |
| CSCO | Cisco Systems, Inc. | 0.64% | 32.2 | 19.8 | 6.7 | 1.56% | 0.52% |
| INTC | Intel Corporation | 0.62% | — | 63.3 | 8.3 | — | −0.38% |
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 BSEP valuation
Adding up its 494 holdings with company data, BSEP trades at 25.8 times trailing earnings and 19.8 times analysts' forward estimates, with a price-to-book ratio of 5.40 and a dividend yield of 1.10%. Its earnings yield of 3.88% is 1.45 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 38.1% of its combined profit. By sector, Healthcare is the most expensive at 37.6 times earnings and Financial Services the cheapest at 16.1. Companies that lost money over the past year are 1.8% 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.
Related: BSEP chart, BSEP performance, BSEP holdings.
BSEP valuation FAQ
What is the P/E ratio of BSEP?
Based on its holdings, BSEP has a trailing P/E of 25.8 and a forward P/E of 19.8 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of BSEP?
The trailing earnings yield is 3.88% (1 ÷ P/E) and the forward earnings yield 5.06%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is BSEP more expensive than the S&P 500?
BSEP trades at 25.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.8 and 19.9.
What is the price-to-book ratio of BSEP?
The holdings of BSEP trade at 5.40 times book value, with a combined return on equity of 20.9%.
Which sector in BSEP has the highest P/E?
Healthcare has the highest P/E at 37.6 and Financial Services the lowest at 16.1.