Euclidean Fundamental Value ETF (ECML) Valuation
ECML valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 13.4 trailing earnings
- Forward P/E
- 10.4 analyst estimates
- Price / sales
- 0.87
- Price / book
- 2.16
- EV / EBITDA
- 6.5
- Earnings yield
- 7.45% inverse of P/E
- Dividend yield
- 1.77% of the holdings
- Return on equity
- 16.1% combined
- Net margin
- 6.5% combined
- Beta
- 0.85 weighted, vs S&P 500
ECML valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| ECML | 13.4 | 10.4 | 0.87 | 2.16 | 1.77% | 16.1% | 6.5% | 4.7% |
| 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.
ECML valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Energy | 23.7% | 11.5 | 9.4 | 0.78 | 2.17 | 3.00% | 18.9% |
| Consumer Cyclical | 19.0% | 12.5 | 9.8 | 1.13 | 2.39 | 1.29% | 19.1% |
| Healthcare | 15.6% | 16.5 | 10.9 | 0.54 | 2.16 | 0.53% | 13.1% |
| Basic Materials | 14.1% | 15.3 | 12.8 | 1.40 | 2.86 | 1.89% | 18.7% |
| Consumer Defensive | 10.5% | 13.2 | 11.7 | 1.06 | 2.01 | 2.35% | 15.2% |
| Technology | 7.1% | 13.4 | 8.1 | 0.80 | 1.59 | 0.43% | 11.8% |
| Industrials | 6.9% | 15.8 | 12.2 | 0.95 | 1.88 | 2.53% | 11.9% |
| Communication Services | 3.4% | 13.4 | 12.1 | 1.14 | 1.96 | 0.60% | 14.6% |
ECML 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 ECML weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
ECML largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| EPAM | EPAM Systems, Inc. | 2.51% | 16.6 | 8.3 | 1.1 | — | 2.06% |
| FOXA | Fox Corporation | 2.28% | 16.7 | 11.1 | 1.6 | 0.90% | 1.85% |
| DINO | HF Sinclair Corporation | 2.19% | 11.9 | 10.0 | 0.7 | 1.68% | 2.49% |
| HRB | H&R Block, Inc. | 2.18% | 8.6 | 6.8 | 1.5 | 3.78% | 3.45% |
| MPC | Marathon Petroleum Corporation | 2.16% | 16.6 | 5.5 | 0.9 | 0.84% | 1.77% |
| FCX | Freeport-McMoRan Inc. | 2.15% | 34.3 | 18.1 | 3.9 | 0.86% | 0.85% |
| CROX | Crocs, Inc. | 2.13% | 10.8 | 8.2 | 1.5 | — | 2.68% |
| MO | Altria Group, Inc. | 2.05% | 15.8 | 11.9 | 6.1 | 5.91% | 1.76% |
| CF | CF Industries Holdings, Inc. | 2.02% | 9.0 | 12.2 | 2.4 | 1.99% | 3.06% |
| VLO | Valero Energy Corporation | 1.97% | 18.5 | 10.2 | 1.0 | 1.08% | 1.44% |
| MOH | Molina Healthcare, Inc. | 1.97% | — | 18.9 | 0.3 | — | 0.01% |
| PRDO | Perdoceo Education Corporation | 1.94% | 12.3 | 9.5 | 2.5 | 2.02% | 2.14% |
| APA | APA Corporation | 1.91% | 10.4 | 9.4 | 2.0 | 2.03% | 2.50% |
| NUTX | Nutex Health, Inc. | 1.88% | 7.4 | — | 1.5 | — | 3.45% |
| ALSN | Allison Transmission Holdings, Inc. | 1.87% | 17.8 | 10.2 | 2.1 | 1.04% | 1.43% |
| INSW | International Seaways, Inc. | 1.84% | 7.0 | 15.1 | 4.3 | 7.44% | 3.55% |
| OSK | Oshkosh Corporation | 1.84% | 14.5 | 9.4 | 0.7 | 1.80% | 1.71% |
| OXY | Occidental Petroleum Corporation | 1.83% | 17.7 | 14.6 | 2.6 | 1.80% | 1.40% |
| KMT | Kennametal Inc. | 1.82% | 7.0 | 21.4 | 1.0 | 2.60% | 3.55% |
| CNC | Centene Corporation | 1.79% | — | 11.2 | 0.2 | — | −3.67% |
| SM | SM Energy Company | 1.77% | 7.0 | 4.4 | 1.9 | 2.23% | 3.44% |
| BWA | BorgWarner Inc. | 1.77% | 29.1 | 11.9 | 0.8 | 1.17% | 0.83% |
| ELV | Elevance Health Inc. | 1.74% | 19.0 | 13.7 | 0.5 | 1.61% | 1.25% |
| PAGP | Plains GP Holdings, L.P. | 1.69% | 62.4 | 12.1 | 0.1 | 6.08% | 0.37% |
| THC | Tenet Healthcare Corporation | 1.68% | 10.5 | 12.5 | 1.0 | — | 2.17% |
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 ECML valuation
Adding up its 62 holdings with company data, ECML trades at 13.4 times trailing earnings and 10.4 times analysts' forward estimates, with a price-to-book ratio of 2.16 and a dividend yield of 1.77%. Its earnings yield of 7.45% is 2.13 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 21.6% of the fund and earn 21.4% of its combined profit. By sector, Healthcare is the most expensive at 16.5 times earnings and Energy the cheapest at 11.5. Companies that lost money over the past year are 4.7% 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 98.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: ECML chart, ECML performance, ECML holdings, ECML dividends.
ECML valuation FAQ
What is the P/E ratio of ECML?
Based on its holdings, ECML has a trailing P/E of 13.4 and a forward P/E of 10.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of ECML?
The trailing earnings yield is 7.45% (1 ÷ P/E) and the forward earnings yield 9.61%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is ECML more expensive than the S&P 500?
ECML trades at 13.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 10.4 and 19.9.
What is the price-to-book ratio of ECML?
The holdings of ECML trade at 2.16 times book value, with a combined return on equity of 16.1%.
Which sector in ECML has the highest P/E?
Healthcare has the highest P/E at 16.5 and Energy the lowest at 11.5.