GMO Domestic Resilience ETF (DRES) Valuation
DRES valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 28.6 trailing earnings
- Forward P/E
- 16.1 analyst estimates
- Price / sales
- 1.70
- Price / book
- 3.32
- EV / EBITDA
- 11.9
- Earnings yield
- 3.50% inverse of P/E
- Dividend yield
- 1.25% of the holdings
- Return on equity
- 11.6% combined
- Net margin
- 5.9% combined
- Beta
- 0.96 weighted, vs S&P 500
DRES valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| DRES | 28.6 | 16.1 | 1.70 | 3.32 | 1.25% | 11.6% | 5.9% | 5.7% |
| 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.
DRES valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Industrials | 70.7% | 39.1 | 17.0 | 1.46 | 4.10 | 1.26% | 10.5% |
| Basic Materials | 16.8% | 22.8 | 16.2 | 2.89 | 3.24 | 0.73% | 14.2% |
| Energy | 9.8% | 12.4 | 11.7 | 2.81 | 1.55 | 2.04% | 12.6% |
| Technology | 2.4% | 15.9 | 15.0 | 4.57 | 1.92 | 0.95% | 12.1% |
DRES 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 DRES weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
DRES largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| UNP | Union Pacific Corporation | 6.60% | 23.4 | 19.3 | 6.8 | 1.97% | 8.40% |
| MLM | Martin Marietta Materials, Inc. | 4.85% | 32.6 | 20.6 | 5.3 | 0.67% | 4.44% |
| J | Jacobs Engineering Group Inc. | 4.09% | 46.9 | 16.9 | 1.2 | 1.02% | 2.60% |
| ALLE | Allegion plc | 3.79% | 20.5 | 15.9 | 3.1 | 1.41% | 5.51% |
| VMC | Vulcan Materials Company | 3.46% | 30.4 | 22.4 | 4.1 | 0.81% | 3.40% |
| NOC | Northrop Grumman Corporation | 3.39% | 16.5 | 17.0 | 1.7 | 1.90% | 6.12% |
| CSL | Carlisle Companies Incorporated | 3.39% | 19.0 | 13.5 | 2.6 | 1.50% | 5.33% |
| RRX | Regal Rexnord Corporation | 3.37% | 31.7 | 11.4 | 1.7 | 0.91% | 3.17% |
| EQT | EQT Corporation | 3.35% | 12.6 | 14.1 | 3.7 | 1.25% | 7.94% |
| HII | Huntington Ingalls Industries, Inc. | 2.95% | 16.2 | 12.6 | 0.8 | 2.03% | 5.42% |
| EXP | Eagle Materials Inc. | 2.93% | 13.4 | 13.7 | 2.2 | 0.59% | 6.53% |
| FLR | Fluor Corporation | 2.79% | — | 16.5 | 0.4 | — | −21.11% |
| WSC | WillScot Mobile Mini Holdings Corp. | 2.70% | — | 14.1 | 1.3 | 1.76% | −1.92% |
| ROK | Rockwell Automation, Inc. | 2.65% | 39.9 | 29.8 | 5.3 | 1.30% | 1.98% |
| ACM | AECOM | 2.62% | 20.8 | 9.6 | 0.5 | 2.10% | 3.77% |
| AYI | Acuity Brands, Inc. | 2.61% | 17.8 | 14.1 | 2.0 | 0.26% | 4.37% |
| EOG | EOG Resources, Inc. | 2.49% | 12.3 | 10.1 | 3.1 | 2.58% | 6.04% |
| URI | United Rentals, Inc. | 2.48% | 24.8 | 18.5 | 3.8 | 0.77% | 2.98% |
| CSX | CSX Corporation | 2.46% | 28.3 | 21.2 | 6.2 | 1.15% | 2.59% |
| ROP | Roper Technologies, Inc. | 2.41% | 15.9 | 15.0 | 4.6 | 0.95% | 4.51% |
| AMRZ | Amerize Inc. | 2.40% | — | — | — | — | — |
| KNX | Knight-Swift Transportation Holdings Inc. | 2.33% | 240.0 | 15.6 | 1.4 | 1.23% | 0.29% |
| COP | ConocoPhillips | 2.33% | 19.4 | 12.7 | 2.7 | 2.29% | 3.58% |
| CLH | Clean Harbors, Inc. | 2.28% | 38.8 | 34.5 | 2.7 | — | 1.75% |
| LMT | Lockheed Martin Corporation | 2.21% | 20.3 | 16.2 | 1.7 | 2.61% | 3.24% |
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 DRES valuation
Adding up its 36 holdings with company data, DRES trades at 28.6 times trailing earnings and 16.1 times analysts' forward estimates, with a price-to-book ratio of 3.32 and a dividend yield of 1.25%. Its earnings yield of 3.50% is 1.83 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 39.2% of the fund and earn 52.3% of its combined profit. By sector, Industrials is the most expensive at 39.1 times earnings and Energy the cheapest at 12.4. Companies that lost money over the past year are 5.7% 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 96.2% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: DRES chart, DRES performance, DRES holdings, DRES dividends.
DRES valuation FAQ
What is the P/E ratio of DRES?
Based on its holdings, DRES has a trailing P/E of 28.6 and a forward P/E of 16.1 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of DRES?
The trailing earnings yield is 3.50% (1 ÷ P/E) and the forward earnings yield 6.22%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is DRES more expensive than the S&P 500?
DRES trades at 28.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 16.1 and 19.9.
What is the price-to-book ratio of DRES?
The holdings of DRES trade at 3.32 times book value, with a combined return on equity of 11.6%.
Which sector in DRES has the highest P/E?
Industrials has the highest P/E at 39.1 and Energy the lowest at 12.4.