Davis Select US Equity (DUSA) Valuation
DUSA valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 18.1 trailing earnings
- Forward P/E
- 11.9 analyst estimates
- Price / sales
- 1.05
- Price / book
- 1.80
- EV / EBITDA
- 10.8
- Earnings yield
- 5.53% inverse of P/E
- Dividend yield
- 1.75% of the holdings
- Return on equity
- 10.0% combined
- Net margin
- 5.8% combined
- Beta
- 0.87 weighted, vs S&P 500
DUSA valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| DUSA | 18.1 | 11.9 | 1.05 | 1.80 | 1.75% | 10.0% | 5.8% | 10.7% |
| 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.
DUSA valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 26.4% | 11.9 | 11.5 | 2.42 | 1.29 | 1.62% | 10.8% |
| Healthcare | 20.2% | 25.0 | 9.1 | 0.51 | 1.80 | 2.23% | 7.2% |
| Communication Services | 13.6% | 22.5 | 17.9 | 7.25 | 6.95 | 0.22% | 30.9% |
| Energy | 12.2% | 11.5 | 9.9 | 2.65 | 1.33 | 2.46% | 11.6% |
| Consumer Cyclical | 11.9% | 19.2 | 21.0 | 0.97 | 4.48 | 0.00% | 23.4% |
| Consumer Defensive | 6.0% | 33.9 | 11.2 | 0.35 | 1.01 | 3.72% | 3.0% |
| Basic Materials | 4.1% | n/m | 9.1 | 0.66 | 1.82 | 4.31% | −2.4% |
| Technology | 3.7% | 42.1 | 27.5 | 12.98 | 13.83 | 2.20% | 32.9% |
| Industrials | 2.1% | n/m | 11.7 | 0.82 | 2.37 | 2.19% | −0.6% |
DUSA 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 DUSA weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
DUSA largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| COF | Capital One Financial Corporation | 7.12% | 13.0 | 8.5 | 2.6 | 1.59% | 10.50% |
| DVN | Devon Energy Corporation | 6.77% | 11.1 | 9.3 | 3.0 | 2.52% | 11.70% |
| USB | U.S. Bancorp | 6.28% | 11.4 | 10.4 | 3.3 | 3.68% | 10.50% |
| TSN | Tyson Foods, Inc. | 6.01% | 33.9 | 11.2 | 0.3 | 3.72% | 3.38% |
| META | Meta Platforms, Inc. | 5.72% | 26.7 | 22.1 | 7.9 | 0.30% | 4.09% |
| AMZN | Amazon.com, Inc. | 5.65% | 20.1 | 23.6 | 3.5 | — | 5.36% |
| VTRS | Viatris Inc. | 5.56% | — | 6.4 | 1.5 | 2.57% | −2.05% |
| GOOG | Alphabet Inc. | 4.91% | 16.9 | 21.8 | 9.2 | 0.26% | 5.55% |
| CVS | CVS Health Corporation | 4.89% | 24.3 | 10.7 | 0.3 | 2.88% | 3.84% |
| MKL | Markel Corporation | 4.86% | 10.2 | 15.2 | 1.4 | — | 9.10% |
| BRK.B | Berkshire Hathaway Inc. | 4.69% | 13.4 | 22.7 | 3.0 | — | 6.70% |
| CI | Cigna Corporation | 3.97% | 12.5 | 8.3 | 0.3 | 2.06% | 6.07% |
| TXN | Texas Instruments Incorporated | 3.70% | 42.1 | 27.5 | 13.0 | 2.20% | 1.68% |
| WFC | Wells Fargo & Company | 3.48% | 11.8 | 10.2 | 3.0 | 2.38% | 5.62% |
| LYB | LyondellBasell Industries N.V. | 3.22% | — | 9.1 | 0.7 | 4.31% | −0.80% |
| QSR | Restaurant Brands International Inc | 3.17% | — | — | — | — | — |
| MGM | MGM Resorts International | 3.04% | 17.7 | 17.4 | 0.4 | — | 3.29% |
| UNH | UnitedHealth Group Incorporated | 2.38% | 25.8 | 16.6 | 0.8 | 2.31% | 1.76% |
| COP | ConocoPhillips | 2.27% | 19.4 | 12.7 | 2.7 | 2.29% | 2.23% |
| SOLV | Solventum Corporation | 2.27% | 10.5 | 13.1 | 1.8 | — | 4.12% |
| APP | AppLovin Corporation | 1.65% | 20.5 | 15.4 | 13.1 | — | 1.54% |
| TOU | Tourmaline Oil Corp. | 1.60% | — | — | — | — | — |
| EXE | Expand Energy Corporation | 1.60% | 8.1 | 9.6 | 1.8 | 2.46% | 3.79% |
| PINS | Pinterest, Inc | 1.37% | 64.4 | 8.0 | 2.7 | — | 0.40% |
| OC | Owens Corning | 1.33% | — | 10.1 | 0.9 | 2.80% | −1.14% |
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 DUSA valuation
Adding up its 25 holdings with company data, DUSA trades at 18.1 times trailing earnings and 11.9 times analysts' forward estimates, with a price-to-book ratio of 1.80 and a dividend yield of 1.75%. Its earnings yield of 5.53% is 0.20 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 57.8% of the fund and earn 62.0% of its combined profit. By sector, Technology is the most expensive at 42.1 times earnings and Energy the cheapest at 11.5. Companies that lost money over the past year are 10.7% 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 94.3% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: DUSA chart, DUSA performance, DUSA holdings, DUSA dividends.
DUSA valuation FAQ
What is the P/E ratio of DUSA?
Based on its holdings, DUSA has a trailing P/E of 18.1 and a forward P/E of 11.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of DUSA?
The trailing earnings yield is 5.53% (1 ÷ P/E) and the forward earnings yield 8.44%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is DUSA more expensive than the S&P 500?
DUSA trades at 18.1 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 11.9 and 19.9.
What is the price-to-book ratio of DUSA?
The holdings of DUSA trade at 1.80 times book value, with a combined return on equity of 10.0%.
Which sector in DUSA has the highest P/E?
Technology has the highest P/E at 42.1 and Energy the lowest at 11.5.