VictoryShares US Small Cap High Div… (CSB) Valuation

NASDAQ: CSBP/E, earnings yield and other ratios of the holdings combined.

CSB valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 13.7
Forward P/E: 11.3
Price / sales: 1.27
Price / book: 1.56
EV / EBITDA: 8.3
Earnings yield: 7.29%
Dividend yield: 3.72%
Return on equity: 11.4%
Net margin: 9.3%
Beta: 0.84

CSB valuation vs other stock ETFs

P/E (TTM)Forward P/E

CSB valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
CSB	13.7	11.3	1.27	1.56	3.72%	11.4%	9.3%	0.8%
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.

CSB valuation by sector

P/E (TTM)Forward P/E

CSB valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Financial Services	25.5%	10.1	9.1	2.13	1.21	4.70%	12.0%
Utilities	21.9%	19.4	17.1	2.52	1.58	3.58%	8.1%
Consumer Cyclical	18.5%	14.3	10.5	0.66	1.82	3.18%	12.7%
Industrials	11.3%	13.6	12.6	0.75	2.04	2.90%	15.0%
Energy	9.0%	12.8	10.1	2.91	1.41	3.94%	11.0%
Consumer Defensive	4.9%	17.3	12.0	1.13	2.10	2.97%	12.1%
Basic Materials	3.9%	21.6	11.4	1.04	1.99	3.61%	9.2%
Communication Services	2.6%	17.8	9.7	1.22	1.62	3.61%	9.1%
Services	0.8%	14.2	15.3	1.60	2.99	2.71%	21.0%
Technology	0.7%	18.8	14.9	5.90	2.13	2.57%	11.3%

CSB earnings yield vs bond yields

CSB earnings yield (forward)

8.85%

CSB earnings yield (trailing)

7.29%

CSB dividend yield

3.72%

Bond market yield (AGG)

5.33%

T-bill yield (BIL)

3.91%

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 CSB weight splits by P/E

Share of the covered weight in companies with a trailing P/E in each range.

CSB largest holdings: valuation

CSB largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
SWX	Southwest Gas Holdings, Inc.	1.72%	21.9	17.4	3.6	2.95%	1.12%
IDA	IDACORP, Inc.	1.72%	22.9	18.7	4.4	2.60%	1.06%
NJR	New Jersey Resources Corporation	1.65%	14.5	14.9	2.4	3.83%	1.61%
OGS	ONE Gas, Inc.	1.63%	16.3	17.4	2.1	3.60%	1.42%
SR	Spire Inc.	1.63%	23.8	14.9	1.8	4.02%	0.97%
INGR	Ingredion Incorporated	1.56%	10.7	8.4	0.9	3.39%	2.06%
AVA	Avista Corporation	1.53%	13.2	13.0	1.6	5.37%	1.64%
CPK	Chesapeake Utilities Corporation	1.52%	21.1	17.9	3.4	2.22%	1.02%
UBSI	United Bankshares, Inc.	1.51%	12.7	13.6	5.1	3.26%	1.67%
POR	Portland General Electric Company	1.47%	19.5	12.8	1.5	4.99%	1.06%
NFG	National Fuel Gas Company	1.46%	11.1	9.8	3.0	2.78%	1.85%
MDU	MDU Resources Group, Inc.	1.46%	20.2	17.3	2.2	2.97%	1.02%
BKH	Black Hills Corporation	1.42%	19.3	15.0	2.5	3.67%	1.04%
OZK	Bank OZK	1.39%	7.6	7.6	3.2	4.25%	2.59%
FHB	First Hawaiian, Inc.	1.38%	10.8	12.2	3.4	4.17%	1.80%
MGEE	MGE Energy, Inc.	1.36%	17.8	25.3	3.6	2.81%	1.08%
OTTR	Otter Tail Corporation	1.36%	19.5	16.1	2.9	2.50%	0.98%
CVBF	CVB Financial Corp.	1.35%	15.3	11.5	6.7	3.66%	1.25%
PB	Prosperity Bancshares, Inc.	1.34%	11.7	9.3	5.9	3.54%	1.62%
AWR	American States Water Company	1.34%	22.9	22.1	4.7	2.61%	0.83%
ASB	Associated Banc-Corp	1.31%	10.1	9.2	3.5	3.31%	1.83%
FULT	Fulton Financial Corporation	1.28%	10.8	10.2	3.2	3.39%	1.68%
FFBC	First Financial Bancorp.	1.26%	11.1	8.9	3.5	3.21%	1.60%
MSM	MSC Industrial Direct Co., Inc.	1.26%	31.5	23.5	1.9	2.73%	0.57%
SJW	SJW Group Common Stock	1.26%	—	—	—	—	—

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 CSB valuation

Adding up its 97 holdings with company data, CSB trades at 13.7 times trailing earnings and 11.3 times analysts' forward estimates, with a price-to-book ratio of 1.56 and a dividend yield of 3.72%. Its earnings yield of 7.29% is 1.97 points above the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 15.9% of the fund and earn 13.6% of its combined profit. By sector, Basic Materials is the most expensive at 21.6 times earnings and Financial Services the cheapest at 10.1. Companies that lost money over the past year are 0.8% 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 97.1% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

CSB valuation FAQ

What is the P/E ratio of CSB?

Based on its holdings, CSB has a trailing P/E of 13.7 and a forward P/E of 11.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of CSB?

The trailing earnings yield is 7.29% (1 ÷ P/E) and the forward earnings yield 8.85%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is CSB more expensive than the S&P 500?

CSB trades at 13.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 11.3 and 19.9.

What is the price-to-book ratio of CSB?

The holdings of CSB trade at 1.56 times book value, with a combined return on equity of 11.4%.

Which sector in CSB has the highest P/E?

Basic Materials has the highest P/E at 21.6 and Financial Services the lowest at 10.1.