SmartETFs Dividend Builder ETF (DIVS) Valuation
DIVS valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 29.1 trailing earnings
- Forward P/E
- 19.8 analyst estimates
- Price / sales
- 3.36
- Price / book
- 6.35
- EV / EBITDA
- 18.3
- Earnings yield
- 3.43% inverse of P/E
- Dividend yield
- 2.04% of the holdings
- Return on equity
- 21.8% combined
- Net margin
- 11.5% combined
- Beta
- 0.86 weighted, vs S&P 500
DIVS valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| DIVS | 29.1 | 19.8 | 3.36 | 6.35 | 2.04% | 21.8% | 11.5% | 0.0% |
| 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.
DIVS valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 22.8% | 30.5 | 21.8 | 2.59 | 11.38 | 1.62% | 37.3% |
| Consumer Defensive | 20.6% | 22.8 | 19.6 | 3.03 | 5.60 | 3.09% | 24.6% |
| Healthcare | 14.3% | 39.2 | 17.1 | 5.24 | 5.67 | 2.50% | 14.5% |
| Financial Services | 11.9% | 30.1 | 17.7 | 6.37 | 2.94 | 1.59% | 9.8% |
DIVS 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 DIVS weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
DIVS largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| TXN | Texas Instruments Incorporated | 3.82% | 42.1 | 27.5 | 13.0 | 2.20% | 4.28% |
| CSCO | Cisco Systems, Inc. | 3.67% | 32.2 | 19.8 | 6.7 | 1.56% | 5.36% |
| MSFT | Microsoft Corporation | 3.63% | 29.5 | 25.1 | 11.8 | 0.74% | 5.80% |
| PUB | Publicis Groupe SA | 3.60% | — | — | — | — | — |
| ABBV | AbbVie Inc. | 3.54% | 80.6 | 16.4 | 7.8 | 2.42% | 2.07% |
| DB1 | Deutsche Börse AG | 3.35% | — | — | — | — | — |
| AJG | Arthur J. Gallagher & Co. | 3.33% | 42.3 | 16.3 | 4.3 | 1.10% | 3.71% |
| REL | Relx PLC | 3.31% | — | — | — | — | — |
| PAYX | Paychex, Inc. | 3.28% | 22.1 | 17.5 | 6.0 | 4.26% | 6.97% |
| KO | The Coca-Cola Company | 3.25% | 28.2 | 25.3 | 8.1 | 2.26% | 5.42% |
| EMR | Emerson Electric Co. | 2.96% | 35.3 | 21.5 | 4.9 | 1.37% | 3.94% |
| TSM | Taiwan Semiconductor Manufacturing Company Limited | 2.94% | 26.7 | 21.4 | 0.4 | 0.91% | 5.19% |
| JNJ | Johnson & Johnson | 2.88% | 38.8 | 21.0 | 6.2 | 2.10% | 3.50% |
| AVGO | Broadcom Inc. | 2.85% | 43.3 | 19.4 | 17.6 | 0.79% | 3.10% |
| MDLZ | Mondelez International, Inc. | 2.84% | 23.5 | 18.2 | 2.1 | 3.25% | 5.70% |
| ROP | Roche Holding AG | 2.69% | — | — | — | — | — |
| ETN | Eaton Corporation plc | 2.66% | 39.8 | 27.6 | 5.1 | 1.12% | 3.15% |
| ITW | Illinois Tool Works Inc. | 2.66% | 24.7 | 21.9 | 4.7 | 2.53% | 5.07% |
| PG | The Procter & Gamble Company | 2.63% | 24.1 | 21.2 | 4.3 | 2.73% | 5.15% |
| NESN | Nestle S.A. | 2.62% | — | — | — | — | — |
| HLN | Haleon PLC | 2.62% | — | — | — | — | — |
| BLK | BlackRock, Inc. | 2.62% | 25.8 | 16.4 | 6.5 | 2.02% | 4.77% |
| MDT | Medtronic plc | 2.60% | 23.3 | 14.9 | 3.2 | 3.04% | 5.26% |
| NVDA | NVIDIA Corporation | 2.60% | 27.1 | 24.9 | 17.1 | 0.47% | 4.52% |
| CME | CME Group Inc. | 2.59% | 24.9 | 21.9 | 15.6 | 1.77% | 4.90% |
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 DIVS valuation
Adding up its 21 holdings with company data, DIVS trades at 29.1 times trailing earnings and 19.8 times analysts' forward estimates, with a price-to-book ratio of 6.35 and a dividend yield of 2.04%. Its earnings yield of 3.43% is 1.89 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 34.8% of the fund and earn 46.2% of its combined profit. By sector, Healthcare is the most expensive at 39.2 times earnings and Consumer Defensive the cheapest at 22.8. Companies that lost money over the past year are 0.0% 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 62.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: DIVS chart, DIVS performance, DIVS holdings, DIVS dividends.
DIVS valuation FAQ
What is the P/E ratio of DIVS?
Based on its holdings, DIVS has a trailing P/E of 29.1 and a forward P/E of 19.8 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of DIVS?
The trailing earnings yield is 3.43% (1 ÷ P/E) and the forward earnings yield 5.04%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is DIVS more expensive than the S&P 500?
DIVS trades at 29.1 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.8 and 19.9.
What is the price-to-book ratio of DIVS?
The holdings of DIVS trade at 6.35 times book value, with a combined return on equity of 21.8%.
Which sector in DIVS has the highest P/E?
Healthcare has the highest P/E at 39.2 and Consumer Defensive the lowest at 22.8.