Amplify Etho Climate Leadership U.S. ETF (ETHO) Valuation
ETHO valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 33.3 trailing earnings
- Forward P/E
- 16.8 analyst estimates
- Price / sales
- 2.19
- Price / book
- 3.10
- EV / EBITDA
- 15.8
- Earnings yield
- 3.00% inverse of P/E
- Dividend yield
- 1.07% of the holdings
- Return on equity
- 9.3% combined
- Net margin
- 6.6% combined
- Beta
- 1.16 weighted, vs S&P 500
ETHO valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| ETHO | 33.3 | 16.8 | 2.19 | 3.10 | 1.07% | 9.3% | 6.6% | 11.1% |
| 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.
ETHO valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 27.6% | 39.9 | 19.6 | 4.07 | 5.62 | 0.51% | 14.1% |
| Healthcare | 14.8% | n/m | 22.4 | 6.46 | 5.53 | 0.07% | 0.0% |
| Industrials | 14.7% | 24.7 | 16.8 | 1.56 | 3.46 | 1.07% | 14.0% |
| Financial Services | 13.2% | 13.3 | 11.5 | 2.33 | 1.69 | 1.93% | 12.7% |
| Consumer Cyclical | 9.5% | 19.9 | 14.4 | 1.11 | 2.77 | 1.59% | 13.9% |
| Real Estate | 5.3% | 104.2 | 21.1 | 4.26 | 1.21 | 3.83% | 1.2% |
| Consumer Defensive | 5.1% | n/m | 15.5 | 0.61 | 2.31 | 0.86% | −7.5% |
| Communication Services | 4.1% | 24.3 | 12.7 | 2.95 | 4.50 | 0.31% | 18.5% |
| Basic Materials | 2.8% | 27.8 | 20.4 | 2.00 | 3.83 | 1.45% | 13.8% |
| Utilities | 2.2% | 26.6 | 25.5 | 4.59 | 2.38 | 2.76% | 9.0% |
ETHO 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 ETHO weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
ETHO largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MXL | MaxLinear, Inc. | 1.10% | — | 31.5 | 11.4 | — | −0.62% |
| TXG | 10x Genomics, Inc. | 0.95% | — | — | 14.8 | — | −0.25% |
| CORT | Corcept Therapeutics Incorporated | 0.76% | 244.8 | 19.3 | 14.3 | — | 0.11% |
| SLS | SELLAS Life Sciences Group, Inc. | 0.75% | — | — | 26.9 | — | −0.54% |
| OKTA | Okta, Inc. | 0.75% | 112.8 | 54.3 | 10.7 | — | 0.23% |
| PSNL | Personalis, Inc. | 0.71% | — | — | 24.0 | — | −1.70% |
| CVLT | Commvault Systems, Inc. | 0.66% | 95.0 | 28.0 | 5.1 | — | 0.24% |
| DDOG | Datadog, Inc. | 0.66% | 494.2 | 84.7 | 22.4 | — | 0.05% |
| ATRC | AtriCure, Inc. | 0.64% | 267.0 | 232.6 | 5.0 | — | 0.08% |
| PAYC | Paycom Software, Inc. | 0.64% | 26.6 | 16.7 | 5.3 | 0.60% | 0.82% |
| NTAP | NetApp, Inc. | 0.63% | 28.7 | 21.4 | 5.4 | 1.02% | 0.75% |
| CAKE | The Cheesecake Factory Incorporated | 0.62% | 31.1 | 22.6 | 1.5 | 1.04% | 0.68% |
| HAE | Haemonetics Corporation | 0.61% | 57.1 | 20.3 | 4.0 | — | 0.36% |
| P | Everpure, Inc. | 0.60% | 169.9 | 44.8 | 9.7 | — | 0.12% |
| HALO | Halozyme Therapeutics, Inc. | 0.57% | 35.6 | 11.5 | 8.3 | — | 0.55% |
| ELF | e.l.f. Beauty, Inc. | 0.57% | 115.9 | 35.2 | 3.8 | — | 0.17% |
| MGNI | Magnite Inc. | 0.56% | 21.2 | 22.2 | 4.5 | — | 0.91% |
| GO | Grocery Outlet Holding Corp. | 0.56% | — | 14.9 | 0.3 | — | −5.80% |
| CHEF | The Chefs' Warehouse, Inc. | 0.55% | 54.1 | 25.6 | 1.1 | — | 0.35% |
| ETSY | Etsy, Inc. | 0.55% | 24.9 | 14.9 | 2.7 | — | 0.75% |
| VEEV | Veeva Systems Inc. | 0.55% | 50.9 | 30.2 | 14.5 | — | 0.37% |
| GH | Guardant Health, Inc. | 0.53% | — | — | 18.0 | — | −0.40% |
| ADPT | Adaptive Biotechnologies Corporation | 0.53% | — | — | 12.4 | — | −0.31% |
| PRGS | Progress Software Corporation | 0.52% | 18.8 | 6.5 | 1.7 | — | 0.95% |
| IDT | IDT Corporation | 0.51% | 23.3 | 12.0 | 1.5 | 0.35% | 0.75% |
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 ETHO valuation
Adding up its 275 holdings with company data, ETHO trades at 33.3 times trailing earnings and 16.8 times analysts' forward estimates, with a price-to-book ratio of 3.10 and a dividend yield of 1.07%. Its earnings yield of 3.00% is 2.33 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 7.6% of the fund and earn −1.6% of its combined profit. By sector, Real Estate is the most expensive at 104.2 times earnings and Financial Services the cheapest at 13.3. Companies that lost money over the past year are 11.1% 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 97.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: ETHO chart, ETHO performance, ETHO holdings, ETHO dividends.
ETHO valuation FAQ
What is the P/E ratio of ETHO?
Based on its holdings, ETHO has a trailing P/E of 33.3 and a forward P/E of 16.8 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of ETHO?
The trailing earnings yield is 3.00% (1 ÷ P/E) and the forward earnings yield 5.94%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is ETHO more expensive than the S&P 500?
ETHO trades at 33.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 16.8 and 19.9.
What is the price-to-book ratio of ETHO?
The holdings of ETHO trade at 3.10 times book value, with a combined return on equity of 9.3%.
Which sector in ETHO has the highest P/E?
Real Estate has the highest P/E at 104.2 and Financial Services the lowest at 13.3.