ALPS Series ETF (ETFT) Valuation
ETFT valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 30.7 trailing earnings
- Forward P/E
- 23.0 analyst estimates
- Price / sales
- 4.25
- Price / book
- 8.63
- EV / EBITDA
- 20.7
- Earnings yield
- 3.26% inverse of P/E
- Dividend yield
- 0.92% of the holdings
- Return on equity
- 28.1% combined
- Net margin
- 13.9% combined
- Beta
- 0.95 weighted, vs S&P 500
ETFT valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| ETFT | 30.7 | 23.0 | 4.25 | 8.63 | 0.92% | 28.1% | 13.9% | 0.0% |
| 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.
ETFT valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 28.9% | 26.7 | 22.9 | 2.10 | 9.98 | 0.94% | 37.4% |
| Healthcare | 17.2% | 50.6 | 23.4 | 7.86 | 4.12 | 0.31% | 8.2% |
| Consumer Defensive | 12.6% | 29.5 | 21.9 | 5.00 | 9.36 | 2.29% | 31.7% |
| Financial Services | 10.4% | 34.1 | 24.1 | 16.16 | 32.19 | 0.61% | 94.4% |
| Consumer Cyclical | 9.6% | 25.4 | 23.4 | 4.46 | 38.98 | 1.40% | 153.4% |
| Communication Services | 5.1% | 20.9 | 20.3 | 8.59 | 8.54 | 0.19% | 40.8% |
ETFT 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 ETFT weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
ETFT largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| WAT | Waters Corporation | 6.15% | 110.6 | 24.8 | 9.2 | — | 2.36% |
| MA | Mastercard Incorporated | 5.23% | 34.0 | 24.2 | 15.4 | 0.56% | 6.54% |
| AMS | Amadeus IT Group S.A. | 5.14% | — | — | — | — | — |
| V | Visa Inc. | 5.13% | 34.3 | 24.0 | 17.0 | 0.67% | 6.36% |
| VEEV | Veeva Systems Inc. | 5.00% | 50.9 | 30.2 | 14.5 | — | 4.17% |
| SYK | Stryker Corporation | 4.44% | 30.5 | 16.5 | 4.4 | 1.19% | 6.17% |
| SGE | Sage Group PLC | 4.02% | — | — | — | — | — |
| PM | Philip Morris International Inc. | 3.80% | 29.5 | 20.9 | 7.5 | 3.12% | 5.48% |
| YUM | Yum! Brands, Inc. | 3.69% | 19.0 | 20.4 | 4.7 | 1.99% | 8.27% |
| CHD | Church & Dwight Co., Inc. | 3.61% | 33.5 | 23.4 | 4.0 | 1.18% | 4.58% |
| ADP | Automatic Data Processing, Inc. | 3.49% | 26.4 | 22.0 | 5.2 | 2.35% | 5.61% |
| UBER | Uber Technologies, Inc. | 3.37% | 15.4 | 15.9 | 2.6 | — | 9.28% |
| OR | LOréal S.A. | 3.21% | — | — | — | — | — |
| FTNT | Fortinet, Inc. | 3.15% | 59.8 | 45.0 | 16.5 | — | 2.24% |
| TJX | The TJX Companies, Inc. | 3.01% | 27.3 | 24.9 | 2.6 | 1.30% | 4.68% |
| MAR | Marriott International, Inc. | 2.86% | 40.1 | 26.5 | 13.7 | 0.75% | 3.03% |
| TSM | Taiwan Semiconductor Manufacturing Company Limited | 2.73% | 26.7 | 21.4 | 0.4 | 0.91% | 4.34% |
| TXN | Texas Instruments Incorporated | 2.73% | 42.1 | 27.5 | 13.0 | 2.20% | 2.75% |
| MSFT | Microsoft Corporation | 2.56% | 29.5 | 25.1 | 11.8 | 0.74% | 3.69% |
| LR | Legrand SA | 2.13% | — | — | — | — | — |
| PG | The Procter & Gamble Company | 1.94% | 24.1 | 21.2 | 4.3 | 2.73% | 3.42% |
| GOOGL | Alphabet Inc. | 1.80% | 17.1 | 22.8 | 9.3 | 0.26% | 4.47% |
| META | Meta Platforms, Inc. | 1.76% | 26.7 | 22.1 | 7.9 | 0.30% | 2.81% |
| NXT | Nextracker Inc. | 1.75% | 20.7 | 18.2 | 3.4 | — | 3.59% |
| IDXX | IDEXX Laboratories, Inc. | 1.66% | 39.8 | 31.4 | 9.7 | — | 1.78% |
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 ETFT valuation
Adding up its 24 holdings with company data, ETFT trades at 30.7 times trailing earnings and 23.0 times analysts' forward estimates, with a price-to-book ratio of 8.63 and a dividend yield of 0.92%. Its earnings yield of 3.26% is 2.07 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 46.2% of the fund and earn 58.8% of its combined profit. By sector, Healthcare is the most expensive at 50.6 times earnings and Communication Services the cheapest at 20.9. Companies that lost money over the past year are 0.0% 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 83.3% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: ETFT chart, ETFT holdings.
ETFT valuation FAQ
What is the P/E ratio of ETFT?
Based on its holdings, ETFT has a trailing P/E of 30.7 and a forward P/E of 23.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of ETFT?
The trailing earnings yield is 3.26% (1 ÷ P/E) and the forward earnings yield 4.35%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is ETFT more expensive than the S&P 500?
ETFT trades at 30.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 23.0 and 19.9.
What is the price-to-book ratio of ETFT?
The holdings of ETFT trade at 8.63 times book value, with a combined return on equity of 28.1%.
Which sector in ETFT has the highest P/E?
Healthcare has the highest P/E at 50.6 and Communication Services the lowest at 20.9.