Clough Select Equity ETF (CBSE) Valuation
CBSE valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 26.2 trailing earnings
- Forward P/E
- 19.9 analyst estimates
- Price / sales
- 0.17
- Price / book
- 5.23
- EV / EBITDA
- 14.7
- Earnings yield
- 3.82% inverse of P/E
- Dividend yield
- 0.79% of the holdings
- Return on equity
- 20.0% combined
- Net margin
- 0.7% combined
- Beta
- 1.14 weighted, vs S&P 500
CBSE valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| CBSE | 26.2 | 19.9 | 0.17 | 5.23 | 0.79% | 20.0% | 0.7% | 10.1% |
| 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.
CBSE valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 28.5% | 53.3 | 27.0 | 0.06 | 12.83 | 0.26% | 24.1% |
| Energy | 18.9% | 14.3 | 12.5 | 1.15 | 2.42 | 1.45% | 17.0% |
| Consumer Cyclical | 11.3% | 21.4 | 19.2 | 1.42 | 5.32 | 0.76% | 24.9% |
| Basic Materials | 7.8% | 33.4 | 22.3 | 4.50 | 5.94 | 1.42% | 17.8% |
| Healthcare | 7.1% | 43.6 | 46.2 | 7.20 | 10.11 | 0.16% | 23.2% |
| Utilities | 2.4% | 26.5 | 20.7 | 3.07 | 3.16 | 0.63% | 11.9% |
| Consumer Defensive | 2.1% | 29.5 | 20.9 | 7.52 | 1,318.70 | 3.12% | 4,472.8% |
CBSE 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 CBSE weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
CBSE largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NU | Nu Holdings Ltd. | 3.15% | 19.9 | 14.8 | 8.3 | — | 5.09% |
| SN | SharkNinja, Inc. | 3.08% | 38.1 | 23.1 | 3.8 | — | 2.61% |
| VG | Venture Global, Inc. | 3.07% | 10.0 | 14.4 | 1.9 | 1.26% | 9.87% |
| DGNR | Dragoneer Growth Opportunities Corp | 3.07% | — | — | — | — | — |
| FROG | JFrog Ltd. | 2.97% | — | 81.3 | 17.3 | — | −0.42% |
| DVN | Devon Energy Corporation | 2.96% | 11.1 | 9.3 | 3.0 | 2.52% | 8.63% |
| SXT | Sensient Technologies Corporation | 2.96% | 36.0 | 22.7 | 3.3 | 1.23% | 2.64% |
| ROL | Rollins, Inc. | 2.94% | 30.4 | 25.9 | 4.1 | 2.18% | 3.11% |
| LNG | Cheniere Energy, Inc. | 2.88% | 21.9 | 13.5 | 2.9 | 0.77% | 4.23% |
| RH | RH | 2.86% | 20.0 | 22.7 | 0.6 | — | 4.62% |
| OKTA | Okta, Inc. | 2.78% | 112.8 | 54.3 | 10.7 | — | 0.79% |
| CRWD | CrowdStrike Holdings, Inc. | 2.77% | — | 208.3 | 43.1 | — | 0.02% |
| PANW | Palo Alto Networks, Inc. | 2.69% | 855.0 | 94.3 | 24.4 | — | 0.10% |
| BKR | Baker Hughes Company | 2.68% | 17.9 | 18.0 | 2.0 | 1.65% | 4.83% |
| SNOW | Snowflake Inc. | 2.67% | — | 169.5 | 19.9 | — | −0.89% |
| TSM | Taiwan Semiconductor Manufacturing Company Limited | 2.61% | 26.7 | 21.4 | 0.4 | 0.91% | 3.15% |
| WTTR | Select Energy Services, Inc. | 2.61% | 66.4 | 23.5 | 1.9 | 1.51% | 1.27% |
| ASML | ASML Holding N.V. | 2.59% | 40.4 | 28.9 | 16.0 | 0.55% | 2.06% |
| TXG | 10x Genomics, Inc. | 2.55% | — | — | 14.8 | — | −0.64% |
| VLO | Valero Energy Corporation | 2.48% | 18.5 | 10.2 | 1.0 | 1.08% | 4.31% |
| SCCO | Southern Copper Corporation | 2.44% | 29.9 | 28.1 | 10.7 | 2.19% | 2.63% |
| AVGO | Broadcom Inc. | 2.43% | 43.3 | 19.4 | 17.6 | 0.79% | 1.81% |
| TMDX | TransMedics Group, Inc. | 2.43% | 18.3 | 37.3 | 3.7 | — | 4.27% |
| CEG | Constellation Energy Corporation | 2.42% | 26.5 | 20.7 | 3.1 | 0.63% | 2.94% |
| FCX | Freeport-McMoRan Inc. | 2.41% | 34.3 | 18.1 | 3.9 | 0.86% | 2.27% |
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 CBSE valuation
Adding up its 31 holdings with company data, CBSE trades at 26.2 times trailing earnings and 19.9 times analysts' forward estimates, with a price-to-book ratio of 5.23 and a dividend yield of 0.79%. Its earnings yield of 3.82% is 1.51 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 29.9% of the fund and earn 41.2% of its combined profit. By sector, Technology is the most expensive at 53.3 times earnings and Energy the cheapest at 14.3. Companies that lost money over the past year are 10.1% 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 93.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: CBSE chart, CBSE performance, CBSE holdings, CBSE dividends.
CBSE valuation FAQ
What is the P/E ratio of CBSE?
Based on its holdings, CBSE has a trailing P/E of 26.2 and a forward P/E of 19.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of CBSE?
The trailing earnings yield is 3.82% (1 ÷ P/E) and the forward earnings yield 5.03%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is CBSE more expensive than the S&P 500?
CBSE trades at 26.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.9 and 19.9.
What is the price-to-book ratio of CBSE?
The holdings of CBSE trade at 5.23 times book value, with a combined return on equity of 20.0%.
Which sector in CBSE has the highest P/E?
Technology has the highest P/E at 53.3 and Energy the lowest at 14.3.