WisdomTree U.S. Earnings 500 Fund (EPS) Valuation

NYSE Arca: EPSP/E, earnings yield and other ratios of the holdings combined.

EPS valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 22.7
Forward P/E: 17.6
Price / sales: 3.12
Price / book: 4.46
EV / EBITDA: 15.5
Earnings yield: 4.41%
Dividend yield: 1.23%
Return on equity: 19.7%
Net margin: 13.8%
Beta: 1.10

EPS valuation vs other stock ETFs

P/E (TTM)Forward P/E

EPS valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
EPS	22.7	17.6	3.12	4.46	1.23%	19.7%	13.8%	1.7%
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.

EPS valuation by sector

P/E (TTM)Forward P/E

EPS valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	35.4%	30.2	21.9	7.73	11.21	0.54%	37.2%
Financial Services	15.4%	14.2	13.2	2.84	2.08	1.65%	14.7%
Communication Services	11.1%	17.2	17.3	3.81	4.14	1.13%	24.0%
Healthcare	10.8%	32.9	15.6	1.64	4.70	2.02%	14.3%
Consumer Cyclical	10.0%	23.3	19.6	2.19	5.01	0.57%	21.5%
Energy	4.7%	19.9	12.9	2.03	2.46	2.28%	12.3%
Industrials	4.5%	24.3	18.4	2.21	5.14	1.45%	21.2%
Consumer Defensive	4.2%	29.2	20.0	1.70	6.81	2.70%	23.3%
Utilities	1.8%	18.0	14.8	2.65	1.95	3.18%	10.8%
Basic Materials	1.2%	23.2	16.5	3.46	4.04	1.19%	17.4%
Real Estate	0.8%	25.6	25.1	5.86	3.07	3.60%	12.0%

EPS earnings yield vs bond yields

EPS earnings yield (forward)

5.68%

EPS earnings yield (trailing)

4.41%

EPS dividend yield

1.23%

Bond market yield (AGG)

5.33%

T-bill yield (BIL)

3.91%

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 EPS weight splits by P/E

Share of the covered weight in companies with a trailing P/E in each range.

EPS largest holdings: valuation

EPS largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
NVDA	NVIDIA Corporation	7.18%	27.1	24.9	17.1	0.47%	6.04%
AAPL	Apple Inc.	6.13%	39.4	35.2	10.7	0.31%	3.54%
AMZN	Amazon.com, Inc.	6.07%	20.1	23.6	3.5	—	6.87%
GOOGL	Alphabet Inc.	5.17%	17.1	22.8	9.3	0.26%	6.88%
MSFT	Microsoft Corporation	4.72%	29.5	25.1	11.8	0.74%	3.64%
META	Meta Platforms, Inc.	3.31%	26.7	22.1	7.9	0.30%	2.81%
JPM	JPMorgan Chase & Co.	1.99%	14.2	13.5	4.7	1.94%	3.18%
BRK.B	Berkshire Hathaway Inc.	1.87%	13.4	22.7	3.0	—	3.17%
XOM	Exxon Mobil Corporation	1.57%	23.0	14.8	2.0	2.30%	1.55%
MU	Micron Technology, Inc.	1.40%	11.8	7.0	7.5	0.07%	2.69%
AVGO	Broadcom Inc.	1.34%	43.3	19.4	17.6	0.79%	0.71%
JNJ	Johnson & Johnson	1.26%	38.8	21.0	6.2	2.10%	0.74%
MRK	Merck & Co., Inc.	1.06%	115.8	15.3	5.4	2.33%	0.21%
LLY	Eli Lilly and Company	1.05%	42.2	24.4	14.1	0.55%	0.57%
V	Visa Inc.	0.93%	34.3	24.0	17.0	0.67%	0.62%
BAC	Bank of America Corporation	0.90%	12.2	10.8	3.1	2.50%	1.67%
CSCO	Cisco Systems, Inc.	0.78%	32.2	19.8	6.7	1.56%	0.55%
UNH	UnitedHealth Group Incorporated	0.75%	25.8	16.6	0.8	2.31%	0.67%
WMT	Walmart Inc.	0.75%	43.0	38.0	1.3	0.83%	0.40%
CVX	Chevron Corporation	0.73%	21.2	15.2	2.1	3.16%	0.78%
VZ	Verizon Communications Inc.	0.72%	11.7	8.7	1.3	6.32%	1.40%
PFE	Pfizer Inc.	0.72%	38.9	9.7	2.6	5.81%	0.42%
ABBV	AbbVie Inc.	0.71%	80.6	16.4	7.8	2.42%	0.20%
DELL	Dell Technologies Inc.	0.69%	26.3	21.3	1.9	0.56%	0.60%
WFC	Wells Fargo & Company	0.62%	11.8	10.2	3.0	2.38%	1.20%

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 EPS valuation

Adding up its 495 holdings with company data, EPS trades at 22.7 times trailing earnings and 17.6 times analysts' forward estimates, with a price-to-book ratio of 4.46 and a dividend yield of 1.23%. Its earnings yield of 4.41% is 0.91 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 39.4% of the fund and earn 40.4% of its combined profit. By sector, Healthcare is the most expensive at 32.9 times earnings and Financial Services the cheapest at 14.2. Companies that lost money over the past year are 1.7% 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 99.5% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

EPS valuation FAQ

What is the P/E ratio of EPS?

Based on its holdings, EPS has a trailing P/E of 22.7 and a forward P/E of 17.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of EPS?

The trailing earnings yield is 4.41% (1 ÷ P/E) and the forward earnings yield 5.68%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is EPS more expensive than the S&P 500?

EPS trades at 22.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 17.6 and 19.9.

What is the price-to-book ratio of EPS?

The holdings of EPS trade at 4.46 times book value, with a combined return on equity of 19.7%.

Which sector in EPS has the highest P/E?

Healthcare has the highest P/E at 32.9 and Financial Services the lowest at 14.2.