WisdomTree U.S. SmallCap Dividend Fund (DES) Valuation
DES valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 22.8 trailing earnings
- Forward P/E
- 12.2 analyst estimates
- Price / sales
- 0.97
- Price / book
- 1.69
- EV / EBITDA
- 9.5
- Earnings yield
- 4.39% inverse of P/E
- Dividend yield
- 2.97% of the holdings
- Return on equity
- 7.4% combined
- Net margin
- 4.2% combined
- Beta
- 0.91 weighted, vs S&P 500
DES valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| DES | 22.8 | 12.2 | 0.97 | 1.69 | 2.97% | 7.4% | 4.2% | 10.9% |
| 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.
DES valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 26.3% | 13.4 | 11.7 | 2.89 | 1.35 | 3.29% | 10.1% |
| Consumer Cyclical | 15.7% | 16.0 | 10.6 | 0.60 | 1.90 | 2.81% | 11.8% |
| Industrials | 13.1% | 26.4 | 11.7 | 0.86 | 2.21 | 2.01% | 8.4% |
| Energy | 10.2% | 36.3 | 10.4 | 0.56 | 1.51 | 3.18% | 4.2% |
| Real Estate | 9.4% | 48.7 | 24.7 | 3.02 | 1.58 | 5.06% | 3.3% |
| Basic Materials | 5.8% | 59.1 | 12.4 | 0.73 | 2.35 | 2.43% | 4.0% |
| Technology | 5.7% | n/m | 9.4 | 0.60 | 2.26 | 1.97% | −9.5% |
| Utilities | 4.5% | 19.3 | 17.3 | 2.37 | 1.50 | 3.44% | 7.8% |
| Consumer Defensive | 3.3% | 26.8 | 13.7 | 0.61 | 1.58 | 2.41% | 5.9% |
| Healthcare | 2.4% | 22.4 | 12.7 | 1.37 | 3.32 | 1.32% | 14.8% |
| Communication Services | 2.2% | 25.7 | 14.3 | 0.80 | 1.83 | 2.24% | 7.1% |
| Services | 0.5% | 27.7 | 15.0 | 1.16 | 2.58 | 3.18% | 9.3% |
| Financials | 0.1% | 16.2 | — | 4.22 | 1.27 | 1.94% | 7.8% |
DES 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 DES weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
DES largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| PBF | PBF Energy Inc. | 1.17% | 7.4 | 8.4 | 0.3 | 1.30% | 3.68% |
| TFSL | TFS Financial Corporation | 1.15% | 45.4 | 76.9 | 13.2 | 7.78% | 0.60% |
| NWE | NorthWestern Corporation | 1.08% | 27.0 | 17.4 | 2.7 | 3.59% | 0.93% |
| EPR | EPR Properties | 1.04% | 17.9 | 19.3 | 5.8 | 6.68% | 1.36% |
| PTEN | Patterson-UTI Energy, Inc. | 0.97% | — | 35.7 | 0.9 | 3.48% | −0.48% |
| SON | Sonoco Products Company | 0.92% | 7.7 | 7.9 | 0.7 | 4.34% | 2.81% |
| OUT | Outfront Media Inc. | 0.86% | 21.9 | 19.0 | 2.8 | 4.05% | 0.93% |
| AVT | Avnet, Inc. | 0.80% | 23.3 | 7.1 | 0.3 | 1.64% | 0.80% |
| IRDM | Iridium Communications Inc | 0.79% | 49.7 | 24.5 | 5.2 | 1.37% | 0.37% |
| US50012A1088 | KODIAK GAS SERVICES INC | 0.76% | — | — | — | — | — |
| FBP | First BanCorp. | 0.73% | 11.5 | 20.7 | 4.4 | 2.92% | 1.49% |
| TNL | Travel + Leisure Co. | 0.73% | 17.6 | 7.6 | 1.0 | 3.72% | 0.96% |
| HASI | Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 0.72% | 56.0 | 11.1 | 36.8 | 4.67% | 0.30% |
| CRGY | Crescent Energy Company | 0.72% | 125.2 | 6.3 | 1.3 | 3.49% | 0.13% |
| BBWI | Bath & Body Works, Inc. | 0.72% | 5.3 | 6.3 | 0.6 | 3.97% | 3.17% |
| NOG | Northern Oil and Gas, Inc. | 0.70% | — | 4.6 | 1.4 | 6.63% | −2.91% |
| PFS | Provident Financial Services, Inc. | 0.69% | 9.3 | 9.0 | 3.2 | 4.32% | 1.76% |
| VCTR | Victory Capital Holdings, Inc. | 0.69% | 19.9 | 12.7 | 4.3 | 1.84% | 0.82% |
| FIBK | First Interstate BancSystem, Inc. | 0.66% | 10.8 | 12.2 | 3.1 | 5.40% | 1.44% |
| AROC | Archrock, Inc. | 0.65% | 15.9 | 14.3 | 3.4 | 3.11% | 0.96% |
| COLD | Americold Realty Trust, Inc. | 0.65% | — | 119.0 | 1.5 | 6.66% | −1.75% |
| CRC | California Resources Corporation | 0.65% | — | 11.9 | 1.3 | 2.98% | −0.36% |
| IPAR | Inter Parfums, Inc. | 0.62% | 22.1 | 23.6 | 2.5 | 2.77% | 0.65% |
| SMG | The Scotts Miracle-Gro Company | 0.62% | 19.5 | 12.9 | 0.9 | 4.84% | 0.74% |
| SUNC | SunocoCorp LLC | 0.61% | 25.9 | — | 0.1 | 5.54% | 0.55% |
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 DES valuation
Adding up its 495 holdings with company data, DES trades at 22.8 times trailing earnings and 12.2 times analysts' forward estimates, with a price-to-book ratio of 1.69 and a dividend yield of 2.97%. Its earnings yield of 4.39% is 0.94 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 9.6% of the fund and earn 12.5% of its combined profit. By sector, Basic Materials is the most expensive at 59.1 times earnings and Financial Services the cheapest at 13.4. Companies that lost money over the past year are 10.9% 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 97.2% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: DES chart, DES performance, DES holdings, DES dividends.
DES valuation FAQ
What is the P/E ratio of DES?
Based on its holdings, DES has a trailing P/E of 22.8 and a forward P/E of 12.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of DES?
The trailing earnings yield is 4.39% (1 ÷ P/E) and the forward earnings yield 8.22%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is DES more expensive than the S&P 500?
DES trades at 22.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 12.2 and 19.9.
What is the price-to-book ratio of DES?
The holdings of DES trade at 1.69 times book value, with a combined return on equity of 7.4%.
Which sector in DES has the highest P/E?
Basic Materials has the highest P/E at 59.1 and Financial Services the lowest at 13.4.