Cohen & Steers Real Estate Active ETF (CSRE) Valuation
CSRE valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 38.7 trailing earnings
- Forward P/E
- 30.0 analyst estimates
- Price / sales
- 6.68
- Price / book
- 2.71
- EV / EBITDA
- 19.1
- Earnings yield
- 2.58% inverse of P/E
- Dividend yield
- 3.32% of the holdings
- Return on equity
- 7.0% combined
- Net margin
- 17.3% combined
- Beta
- 0.95 weighted, vs S&P 500
CSRE valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| CSRE | 38.7 | 30.0 | 6.68 | 2.71 | 3.32% | 7.0% | 17.3% | 5.1% |
| 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.
CSRE valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Real Estate | 95.1% | 45.2 | 31.0 | 7.06 | 2.72 | 3.35% | 6.0% |
| Consumer Cyclical | 1.1% | 3.1 | 8.4 | 1.24 | 2.08 | 1.14% | 68.2% |
CSRE 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 CSRE weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
CSRE largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| WELL | Welltower Inc. | 15.14% | 105.3 | 78.1 | 13.3 | 1.45% | 6.15% |
| DLR | Digital Realty Trust, Inc. | 7.73% | 85.4 | 66.2 | 9.8 | 2.77% | 3.87% |
| EQIX | Equinix, Inc. | 6.53% | 63.4 | 52.1 | 9.8 | 2.09% | 4.41% |
| PLD | Prologis, Inc. | 4.38% | 27.7 | 29.2 | 12.4 | 3.40% | 6.76% |
| CCI | Crown Castle Inc. | 4.29% | 33.4 | 21.2 | 8.4 | 5.17% | 5.49% |
| EXR | Extra Space Storage Inc. | 3.89% | 30.8 | 29.0 | 8.8 | 4.64% | 5.40% |
| AMT | American Tower Corporation | 3.45% | 25.5 | 24.6 | 7.9 | 3.86% | 5.79% |
| EGP | EastGroup Properties, Inc. | 3.38% | 34.5 | 42.0 | 14.1 | 3.56% | 4.20% |
| OHI | Omega Healthcare Investors, Inc. | 3.13% | 16.3 | 10.1 | 11.6 | 5.96% | 8.21% |
| CUBE | CubeSmart | 3.08% | 26.7 | 24.4 | 7.7 | 5.44% | 4.94% |
| EPRT | Essential Properties Realty Trust, Inc. | 2.92% | 20.2 | 22.8 | 9.2 | 4.91% | 6.17% |
| SBAC | SBA Communications Corporation | 2.49% | 20.2 | 19.4 | 6.9 | 2.67% | 5.28% |
| SPG | Simon Property Group, Inc. | 2.47% | 14.5 | 30.7 | 11.2 | 4.33% | 7.30% |
| SUI | Sun Communities, Inc. | 2.44% | 89.5 | 33.8 | 6.5 | 3.79% | 1.17% |
| DRH | DiamondRock Hospitality Company | 2.37% | 18.6 | 19.8 | 2.4 | 3.28% | 5.44% |
| ELS | Equity LifeStyle Properties, Inc. | 2.34% | 29.6 | 28.6 | 7.8 | 3.55% | 3.38% |
| INVH | Invitation Homes Inc. | 2.32% | 24.8 | 30.4 | 5.6 | 4.43% | 4.01% |
| PDM | Piedmont Office Realty Trust, Inc. | 2.03% | — | 75.2 | 2.0 | — | −6.22% |
| REG | Regency Centers Corporation | 1.89% | 24.7 | 28.9 | 8.1 | 4.12% | 3.28% |
| GEI | SL Green Realty Corp | 1.77% | — | — | — | — | — |
| ESS | Essex Property Trust, Inc. | 1.59% | 41.9 | 43.9 | 9.4 | 3.85% | 1.63% |
| AKR | Acadia Realty Trust | 1.50% | 54.7 | 57.8 | 6.5 | 4.30% | 1.17% |
| AHR | American Healthcare REIT, Inc. | 1.42% | 79.4 | 48.1 | 4.6 | 1.88% | 0.77% |
| REXR | Rexford Industrial Realty, Inc. | 1.30% | — | 18.8 | 8.5 | 4.72% | −2.64% |
| IRM | Iron Mountain Incorporated | 1.13% | 80.4 | 58.5 | 4.4 | 3.07% | 0.60% |
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 CSRE valuation
Adding up its 33 holdings with company data, CSRE trades at 38.7 times trailing earnings and 30.0 times analysts' forward estimates, with a price-to-book ratio of 2.71 and a dividend yield of 3.32%. Its earnings yield of 2.58% is 2.75 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 55.0% of the fund and earn 55.2% of its combined profit. By sector, Real Estate is the most expensive at 45.2 times earnings and Consumer Cyclical the cheapest at 3.1. Companies that lost money over the past year are 5.1% 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 93.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: CSRE chart, CSRE performance, CSRE holdings, CSRE dividends.
CSRE valuation FAQ
What is the P/E ratio of CSRE?
Based on its holdings, CSRE has a trailing P/E of 38.7 and a forward P/E of 30.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of CSRE?
The trailing earnings yield is 2.58% (1 ÷ P/E) and the forward earnings yield 3.33%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is CSRE more expensive than the S&P 500?
CSRE trades at 38.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 30.0 and 19.9.
What is the price-to-book ratio of CSRE?
The holdings of CSRE trade at 2.71 times book value, with a combined return on equity of 7.0%.
Which sector in CSRE has the highest P/E?
Real Estate has the highest P/E at 45.2 and Consumer Cyclical the lowest at 3.1.