Brandes U.S. Value ETF (BUSA) Valuation
BUSA valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 19.5 trailing earnings
- Forward P/E
- 11.7 analyst estimates
- Price / sales
- 1.11
- Price / book
- 2.07
- EV / EBITDA
- 11.2
- Earnings yield
- 5.12% inverse of P/E
- Dividend yield
- 2.00% of the holdings
- Return on equity
- 10.6% combined
- Net margin
- 5.7% combined
- Beta
- 0.76 weighted, vs S&P 500
BUSA valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| BUSA | 19.5 | 11.7 | 1.11 | 2.07 | 2.00% | 10.6% | 5.7% | 0.9% |
| 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.
BUSA valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Healthcare | 26.2% | 26.8 | 12.6 | 0.74 | 2.55 | 2.34% | 9.5% |
| Financial Services | 22.4% | 13.9 | 11.6 | 2.77 | 1.72 | 1.68% | 12.3% |
| Industrials | 12.4% | 25.2 | 14.9 | 1.43 | 2.47 | 1.05% | 9.8% |
| Technology | 10.2% | 15.8 | 7.7 | 0.90 | 1.83 | 1.33% | 11.6% |
| Energy | 5.9% | 20.7 | 14.0 | 1.73 | 2.44 | 2.59% | 11.8% |
| Consumer Defensive | 5.8% | 15.7 | 11.8 | 0.63 | 2.69 | 2.69% | 17.1% |
| Communication Services | 5.3% | 16.4 | 9.1 | 1.24 | 1.93 | 3.09% | 11.8% |
| Consumer Cyclical | 5.0% | 16.6 | 11.3 | 0.93 | 1.77 | 1.30% | 10.7% |
| Utilities | 3.1% | 21.2 | 16.1 | 3.77 | 1.80 | 3.34% | 8.5% |
| Basic Materials | 2.7% | n/m | 16.7 | 1.26 | 1.34 | 2.61% | −4.8% |
BUSA 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 BUSA weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
BUSA largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| BDX | Becton, Dickinson and Company | 3.06% | 44.6 | 13.7 | 2.3 | 2.19% | 1.38% |
| MRK | Merck & Co., Inc. | 2.87% | 115.8 | 15.3 | 5.4 | 2.33% | 0.50% |
| CI | Cigna Corporation | 2.65% | 12.5 | 8.3 | 0.3 | 2.06% | 4.24% |
| SSNC | SS&C Technologies Holdings, Inc. | 2.43% | 24.2 | 10.6 | 3.0 | 1.43% | 2.01% |
| TXT | Textron Inc. | 2.43% | 14.3 | 10.4 | 0.9 | 0.11% | 3.41% |
| CVX | Chevron Corporation | 2.35% | 21.2 | 15.2 | 2.1 | 3.16% | 2.22% |
| PFE | Pfizer Inc. | 2.27% | 38.9 | 9.7 | 2.6 | 5.81% | 1.17% |
| BAC | Bank of America Corporation | 2.23% | 12.2 | 10.8 | 3.1 | 2.50% | 3.66% |
| EFX | Equifax Inc. | 2.21% | 28.4 | 16.1 | 2.9 | 1.39% | 1.56% |
| ICLR | ICON Public Limited Company | 2.07% | 179.1 | 14.7 | 1.6 | — | 0.23% |
| GOOG | Alphabet Inc. | 2.02% | 16.9 | 21.8 | 9.2 | 0.26% | 2.40% |
| ICE | Intercontinental Exchange, Inc. | 2.02% | 22.8 | 18.1 | 8.6 | 1.29% | 1.77% |
| SNY | Sanofi | 1.93% | 21.4 | 8.6 | 2.0 | 5.96% | 1.81% |
| PNC | The PNC Financial Services Group, Inc. | 1.92% | 11.6 | 10.7 | 3.5 | 3.68% | 3.32% |
| WFC | Wells Fargo & Company | 1.90% | 11.8 | 10.2 | 3.0 | 2.38% | 3.22% |
| OMC | Omnicom Group Inc. | 1.90% | 212.0 | 7.4 | 1.0 | 3.97% | 0.18% |
| EMR | Emerson Electric Co. | 1.88% | 35.3 | 21.5 | 4.9 | 1.37% | 1.07% |
| WTW | Willis Towers Watson Public Limited Company | 1.80% | 19.5 | 13.1 | 2.9 | 1.22% | 1.85% |
| ACGL | Arch Capital Group Ltd. | 1.80% | 7.9 | 9.6 | 1.8 | — | 4.55% |
| SLB | Schlumberger Limited | 1.79% | 23.9 | 15.9 | 2.0 | 2.38% | 1.50% |
| ARW | Arrow Electronics, Inc. | 1.79% | 13.7 | 5.0 | 0.3 | — | 2.61% |
| AJG | Arthur J. Gallagher & Co. | 1.77% | 42.3 | 16.3 | 4.3 | 1.10% | 0.84% |
| HAL | Halliburton Company | 1.76% | 17.6 | 11.4 | 1.2 | 2.03% | 2.00% |
| CTSH | Cognizant Technology Solutions Corporation | 1.75% | 14.2 | 9.4 | 1.4 | 2.00% | 2.47% |
| UNH | UnitedHealth Group Incorporated | 1.73% | 25.8 | 16.6 | 0.8 | 2.31% | 1.34% |
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 BUSA valuation
Adding up its 63 holdings with company data, BUSA trades at 19.5 times trailing earnings and 11.7 times analysts' forward estimates, with a price-to-book ratio of 2.07 and a dividend yield of 2.00%. Its earnings yield of 5.12% is 0.21 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 24.6% of the fund and earn 20.4% of its combined profit. By sector, Healthcare is the most expensive at 26.8 times earnings and Financial Services the cheapest at 13.9. Companies that lost money over the past year are 0.9% 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 98.7% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: BUSA chart, BUSA performance, BUSA holdings, BUSA dividends.
BUSA valuation FAQ
What is the P/E ratio of BUSA?
Based on its holdings, BUSA has a trailing P/E of 19.5 and a forward P/E of 11.7 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of BUSA?
The trailing earnings yield is 5.12% (1 ÷ P/E) and the forward earnings yield 8.57%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is BUSA more expensive than the S&P 500?
BUSA trades at 19.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 11.7 and 19.9.
What is the price-to-book ratio of BUSA?
The holdings of BUSA trade at 2.07 times book value, with a combined return on equity of 10.6%.
Which sector in BUSA has the highest P/E?
Healthcare has the highest P/E at 26.8 and Financial Services the lowest at 13.9.