Brandes U.S. Small - Mid Cap Value ETF (BSMC) Valuation
BSMC valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 49.3 trailing earnings
- Forward P/E
- 10.8 analyst estimates
- Price / sales
- 0.77
- Price / book
- 1.57
- EV / EBITDA
- 11.2
- Earnings yield
- 2.03% inverse of P/E
- Dividend yield
- 1.55% of the holdings
- Return on equity
- 3.2% combined
- Net margin
- 1.6% combined
- Beta
- 0.89 weighted, vs S&P 500
BSMC valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| BSMC | 49.3 | 10.8 | 0.77 | 1.57 | 1.55% | 3.2% | 1.6% | 19.9% |
| 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.
BSMC valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Healthcare | 22.9% | n/m | 9.4 | 1.07 | 1.74 | 0.47% | −2.1% |
| Technology | 16.6% | 29.6 | 12.3 | 1.68 | 1.60 | 0.84% | 5.4% |
| Consumer Defensive | 16.0% | n/m | 9.9 | 0.51 | 1.03 | 3.21% | −3.3% |
| Industrials | 13.3% | 20.6 | 15.0 | 1.34 | 2.35 | 0.82% | 11.4% |
| Financial Services | 10.1% | 12.2 | 11.1 | 2.36 | 1.68 | 2.38% | 13.8% |
| Consumer Cyclical | 7.0% | 11.7 | 9.9 | 0.49 | 1.37 | 2.31% | 11.7% |
| Energy | 6.4% | 40.1 | 11.7 | 0.20 | 1.68 | 1.26% | 4.2% |
| Basic Materials | 4.0% | 46.8 | 16.1 | 1.60 | 2.05 | 2.55% | 4.4% |
| Communication Services | 1.9% | 212.0 | 7.4 | 1.03 | 2.14 | 3.97% | 1.0% |
BSMC 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 BSMC weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
BSMC largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| DOX | Amdocs Limited | 3.15% | 14.3 | 7.1 | 1.3 | 3.79% | 11.87% |
| IFF | International Flavors & Fragrances Inc. | 2.98% | 89.8 | 17.7 | 2.1 | 1.76% | 1.78% |
| INVX | Innovex International, Inc | 2.94% | 31.5 | — | 2.0 | — | 5.01% |
| IMKTA | Ingles Markets, Incorporated | 2.84% | 15.8 | 8.6 | 0.3 | 0.76% | 9.64% |
| XRAY | DENTSPLY SIRONA Inc. | 2.70% | — | 6.3 | 0.5 | — | −46.13% |
| EPC | Edgewell Personal Care Company | 2.65% | — | 13.2 | 0.6 | 2.15% | −4.70% |
| EPAM | EPAM Systems, Inc. | 2.58% | 16.6 | 8.3 | 1.1 | — | 8.37% |
| ZBH | Zimmer Biomet Holdings, Inc. | 2.41% | 23.1 | 10.1 | 2.1 | 1.01% | 5.59% |
| UNF | UniFirst Corporation | 2.40% | 41.5 | 19.2 | 1.9 | 0.56% | 3.10% |
| ELAN | Elanco Animal Health Incorporated | 2.28% | — | 17.4 | 2.3 | — | −2.13% |
| FTRE | Fortrea Holdings Inc. | 2.21% | — | 12.1 | 0.8 | — | −4.80% |
| NTGR | NETGEAR, Inc. | 2.15% | — | 222.2 | 0.9 | — | −4.91% |
| NICE | NICE Ltd. | 2.01% | 16.3 | 9.4 | 2.1 | — | 6.61% |
| CPB | Campbell Soup Company | 1.92% | 15.2 | 11.9 | 0.6 | 5.03% | 6.78% |
| TXT | Textron Inc. | 1.91% | 14.3 | 10.4 | 0.9 | 0.11% | 7.17% |
| OMC | Omnicom Group Inc. | 1.89% | 212.0 | 7.4 | 1.0 | 3.97% | 0.48% |
| OGN | Organon & Co. | 1.84% | 17.6 | 5.1 | 0.6 | 0.58% | 5.59% |
| CFG | Citizens Financial Group, Inc. | 1.84% | 13.8 | 9.9 | 3.3 | 2.90% | 7.14% |
| MD | Pediatrix Medical Group, Inc. | 1.75% | 13.1 | 9.3 | 1.1 | — | 7.16% |
| TAP | Molson Coors Beverage Company | 1.73% | — | 6.8 | 0.7 | 4.86% | −25.55% |
| COO | The Cooper Companies, Inc. | 1.69% | 19.9 | 11.3 | 2.6 | — | 4.55% |
| TFX | Teleflex Incorporated | 1.67% | — | 11.0 | 2.5 | 1.04% | −5.84% |
| BBY | Balfour Beatty plc | 1.67% | — | — | — | — | — |
| TSN | Tyson Foods, Inc. | 1.64% | 33.9 | 11.2 | 0.3 | 3.72% | 2.60% |
| MBGL | Mobility Global Inc. | 1.57% | 43.5 | 11.6 | 3.3 | 1.28% | 1.94% |
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 BSMC valuation
Adding up its 60 holdings with company data, BSMC trades at 49.3 times trailing earnings and 10.8 times analysts' forward estimates, with a price-to-book ratio of 1.57 and a dividend yield of 1.55%. Its earnings yield of 2.03% is 3.30 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 26.9% of the fund and earn −7.6% of its combined profit. By sector, Communication Services is the most expensive at 212.0 times earnings and Consumer Cyclical the cheapest at 11.7. Companies that lost money over the past year are 19.9% 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: BSMC chart, BSMC performance, BSMC holdings, BSMC dividends.
BSMC valuation FAQ
What is the P/E ratio of BSMC?
Based on its holdings, BSMC has a trailing P/E of 49.3 and a forward P/E of 10.8 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of BSMC?
The trailing earnings yield is 2.03% (1 ÷ P/E) and the forward earnings yield 9.23%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is BSMC more expensive than the S&P 500?
BSMC trades at 49.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 10.8 and 19.9.
What is the price-to-book ratio of BSMC?
The holdings of BSMC trade at 1.57 times book value, with a combined return on equity of 3.2%.
Which sector in BSMC has the highest P/E?
Communication Services has the highest P/E at 212.0 and Consumer Cyclical the lowest at 11.7.