iShares MSCI USA Equal Weighted ETF (EUSA) Valuation

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

EUSA valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 26.2
Forward P/E: 16.2
Price / sales: 2.06
Price / book: 3.33
EV / EBITDA: 13.8
Earnings yield: 3.82%
Dividend yield: 1.61%
Return on equity: 12.7%
Net margin: 7.9%
Beta: 1.00

EUSA valuation vs other stock ETFs

P/E (TTM)Forward P/E

EUSA valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
EUSA	26.2	16.2	2.06	3.33	1.61%	12.7%	7.9%	6.3%
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.

EUSA valuation by sector

P/E (TTM)Forward P/E

EUSA valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	19.2%	46.7	18.7	3.85	5.25	0.69%	11.2%
Financial Services	15.4%	15.8	12.7	2.50	2.08	1.75%	13.2%
Industrials	15.2%	27.9	20.0	2.55	5.55	1.12%	19.9%
Healthcare	11.9%	36.2	17.4	1.29	3.92	0.98%	10.8%
Consumer Cyclical	9.9%	31.5	16.2	1.47	4.48	1.57%	14.2%
Consumer Defensive	5.8%	28.4	15.8	1.00	3.46	2.96%	12.2%
Utilities	5.7%	19.1	15.1	2.49	1.98	3.08%	10.4%
Real Estate	4.8%	25.0	25.3	5.67	2.67	4.35%	10.6%
Energy	4.6%	18.0	12.6	1.95	2.51	2.03%	14.0%
Basic Materials	4.0%	27.6	14.7	1.88	2.66	1.62%	9.6%
Communication Services	3.7%	23.4	11.7	1.66	2.69	1.39%	11.5%

EUSA earnings yield vs bond yields

EUSA earnings yield (forward)

6.17%

EUSA earnings yield (trailing)

3.82%

EUSA dividend yield

1.61%

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 EUSA weight splits by P/E

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

EUSA largest holdings: valuation

EUSA largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
MSTR	MicroStrategy Incorporated	0.29%	—	6.8	116.3	—	−5.16%
ACN	Accenture plc	0.29%	16.9	12.4	1.9	2.98%	0.44%
OKTA	Okta, Inc.	0.27%	112.8	54.3	10.7	—	0.06%
RBLX	Roblox Corporation	0.27%	—	192.3	6.2	—	−0.19%
VEEV	Veeva Systems Inc.	0.26%	50.9	30.2	14.5	—	0.13%
MPC	Marathon Petroleum Corporation	0.26%	16.6	5.5	0.9	0.84%	0.41%
ZS	Zscaler, Inc.	0.26%	—	43.9	10.1	—	−0.01%
PTC	PTC Inc.	0.26%	18.7	16.3	7.1	—	0.36%
KR	The Kroger Co.	0.25%	35.4	11.3	0.3	2.45%	0.19%
ILMN	Illumina, Inc.	0.25%	49.0	40.3	8.8	—	0.13%
VLO	Valero Energy Corporation	0.25%	18.5	10.2	1.0	1.08%	0.35%
TEAM	Atlassian Corporation	0.25%	—	36.2	8.0	—	−0.00%
META	Meta Platforms, Inc.	0.24%	26.7	22.1	7.9	0.30%	0.24%
TW	Tradeweb Markets Inc.	0.24%	27.2	26.0	11.1	0.49%	0.23%
CDW	CDW Corporation	0.24%	18.1	15.2	0.8	1.67%	0.35%
NOW	ServiceNow, Inc.	0.24%	88.7	27.8	10.0	—	0.07%
NTRA	Natera, Inc.	0.24%	—	—	20.9	—	−0.02%
CTSH	Cognizant Technology Solutions Corporation	0.24%	14.2	9.4	1.4	2.00%	0.44%
ULTA	Ulta Beauty, Inc.	0.24%	21.6	19.6	2.0	—	0.29%
MO	Altria Group, Inc.	0.24%	15.8	11.9	6.1	5.91%	0.39%
CRM	Salesforce, Inc.	0.24%	22.0	14.0	4.5	0.73%	0.28%
MTD	Mettler-Toledo International Inc.	0.24%	36.6	28.5	7.9	—	0.17%
MCK	McKesson Corporation	0.24%	26.9	19.7	0.3	0.37%	0.23%
CRWD	CrowdStrike Holdings, Inc.	0.24%	—	208.3	43.1	—	0.00%
EG	Everest Group, Ltd.	0.24%	8.2	6.2	0.9	2.06%	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 EUSA valuation

Adding up its 514 holdings with company data, EUSA trades at 26.2 times trailing earnings and 16.2 times analysts' forward estimates, with a price-to-book ratio of 3.33 and a dividend yield of 1.61%. Its earnings yield of 3.82% is 1.51 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 2.7% of the fund and earn −3.6% of its combined profit. By sector, Technology is the most expensive at 46.7 times earnings and Financial Services the cheapest at 15.8. Companies that lost money over the past year are 6.3% 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 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

EUSA valuation FAQ

What is the P/E ratio of EUSA?

Based on its holdings, EUSA has a trailing P/E of 26.2 and a forward P/E of 16.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of EUSA?

The trailing earnings yield is 3.82% (1 ÷ P/E) and the forward earnings yield 6.17%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is EUSA more expensive than the S&P 500?

EUSA trades at 26.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 16.2 and 19.9.

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

The holdings of EUSA trade at 3.33 times book value, with a combined return on equity of 12.7%.

Which sector in EUSA has the highest P/E?

Technology has the highest P/E at 46.7 and Financial Services the lowest at 15.8.