ALPS Equal Sector Weight ETF (EQL) Valuation
EQL valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 25.3 trailing earnings
- Forward P/E
- 18.7 analyst estimates
- Price / sales
- 2.79
- Price / book
- 3.98
- EV / EBITDA
- 14.6
- Earnings yield
- 3.95% inverse of P/E
- Dividend yield
- 1.68% of the holdings
- Return on equity
- 15.7% combined
- Net margin
- 11.0% combined
- Beta
- 0.90 weighted, vs S&P 500
EQL valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| EQL | 25.3 | 18.7 | 2.79 | 3.98 | 1.68% | 15.7% | 11.0% | 3.1% |
| 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.
EQL valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 9.9% | 32.3 | 22.2 | 7.00 | 10.52 | 0.64% | 32.5% |
| Consumer Defensive | 9.9% | 30.1 | 21.8 | 1.74 | 7.03 | 2.31% | 23.3% |
| Healthcare | 9.7% | 38.4 | 17.8 | 1.80 | 5.44 | 1.48% | 14.2% |
| Energy | 9.4% | 20.1 | 13.0 | 1.91 | 2.58 | 2.25% | 12.8% |
| Consumer Cyclical | 9.3% | 29.6 | 22.3 | 2.45 | 5.65 | 0.96% | 19.1% |
| Utilities | 9.0% | 19.8 | 15.5 | 2.83 | 2.10 | 2.97% | 10.6% |
| Financial Services | 8.7% | 15.9 | 14.6 | 3.47 | 2.38 | 1.49% | 15.0% |
| Real Estate | 8.6% | 34.7 | 32.7 | 6.65 | 3.44 | 3.25% | 9.9% |
| Communication Services | 8.4% | 18.3 | 19.2 | 4.87 | 5.04 | 0.70% | 27.5% |
| Basic Materials | 8.2% | 29.5 | 16.8 | 2.85 | 3.69 | 1.34% | 12.5% |
| Industrials | 7.8% | 31.5 | 23.5 | 3.02 | 6.81 | 1.08% | 21.6% |
EQL 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 EQL weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
EQL largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| GOOGL | Alphabet Inc. | 4.78% | 17.1 | 22.8 | 9.3 | 0.26% | 7.19% |
| AMZN | Amazon.com, Inc. | 3.53% | 20.1 | 23.6 | 3.5 | — | 4.51% |
| XOM | Exxon Mobil Corporation | 2.74% | 23.0 | 14.8 | 2.0 | 2.30% | 3.06% |
| LIN | Linde plc | 1.94% | 32.2 | 23.6 | 6.5 | 1.28% | 1.55% |
| META | Meta Platforms, Inc. | 1.86% | 26.7 | 22.1 | 7.9 | 0.30% | 1.79% |
| AAPL | Apple Inc. | 1.81% | 39.4 | 35.2 | 10.7 | 0.31% | 1.18% |
| NVDA | NVIDIA Corporation | 1.76% | 27.1 | 24.9 | 17.1 | 0.47% | 1.67% |
| CVX | Chevron Corporation | 1.74% | 21.2 | 15.2 | 2.1 | 3.16% | 2.10% |
| WMT | Walmart Inc. | 1.74% | 43.0 | 38.0 | 1.3 | 0.83% | 1.04% |
| LLY | Eli Lilly and Company | 1.60% | 42.2 | 24.4 | 14.1 | 0.55% | 0.97% |
| TSLA | Tesla, Inc. | 1.55% | 328.4 | 158.7 | 13.5 | — | 0.12% |
| COST | Costco Wholesale Corporation | 1.42% | 47.6 | 40.3 | 1.4 | 0.59% | 0.77% |
| WELL | Welltower Inc. | 1.37% | 105.3 | 78.1 | 13.3 | 1.45% | 0.34% |
| MSFT | Microsoft Corporation | 1.37% | 29.5 | 25.1 | 11.8 | 0.74% | 1.19% |
| KO | The Coca-Cola Company | 1.32% | 28.2 | 25.3 | 8.1 | 2.26% | 1.21% |
| PG | The Procter & Gamble Company | 1.26% | 24.1 | 21.2 | 4.3 | 2.73% | 1.34% |
| NEE | NextEra Energy, Inc. | 1.12% | 17.9 | 17.7 | 5.8 | 3.12% | 1.61% |
| BRK.B | Berkshire Hathaway Inc. | 1.06% | 13.4 | 22.7 | 3.0 | — | 2.03% |
| NEM | Newmont Corporation | 0.99% | 15.0 | 11.6 | 4.8 | 0.88% | 1.71% |
| JPM | JPMorgan Chase & Co. | 0.99% | 14.2 | 13.5 | 4.7 | 1.94% | 1.78% |
| PLD | Prologis, Inc. | 0.99% | 27.7 | 29.2 | 12.4 | 3.40% | 0.92% |
| PM | Philip Morris International Inc. | 0.95% | 29.5 | 20.9 | 7.5 | 3.12% | 0.82% |
| JNJ | Johnson & Johnson | 0.93% | 38.8 | 21.0 | 6.2 | 2.10% | 0.62% |
| V | Visa Inc. | 0.77% | 34.3 | 24.0 | 17.0 | 0.67% | 0.58% |
| EQIX | Equinix, Inc. | 0.77% | 63.4 | 52.1 | 9.8 | 2.09% | 0.31% |
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 EQL valuation
Adding up its 490 holdings with company data, EQL trades at 25.3 times trailing earnings and 18.7 times analysts' forward estimates, with a price-to-book ratio of 3.98 and a dividend yield of 1.68%. Its earnings yield of 3.95% is 1.38 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 23.5% of the fund and earn 25.1% of its combined profit. By sector, Healthcare is the most expensive at 38.4 times earnings and Financial Services the cheapest at 15.9. Companies that lost money over the past year are 3.1% 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 99.1% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: EQL chart, EQL performance, EQL holdings, EQL dividends.
EQL valuation FAQ
What is the P/E ratio of EQL?
Based on its holdings, EQL has a trailing P/E of 25.3 and a forward P/E of 18.7 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of EQL?
The trailing earnings yield is 3.95% (1 ÷ P/E) and the forward earnings yield 5.34%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is EQL more expensive than the S&P 500?
EQL trades at 25.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 18.7 and 19.9.
What is the price-to-book ratio of EQL?
The holdings of EQL trade at 3.98 times book value, with a combined return on equity of 15.7%.
Which sector in EQL has the highest P/E?
Healthcare has the highest P/E at 38.4 and Financial Services the lowest at 15.9.