Wedbush ReturnOnLeadership(R) U.S. Large-Cap ETF (EXEQ) Valuation
EXEQ valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 18.5 trailing earnings
- Forward P/E
- 13.7 analyst estimates
- Price / sales
- 1.93
- Price / book
- 4.09
- EV / EBITDA
- 12.8
- Earnings yield
- 5.42% inverse of P/E
- Dividend yield
- 1.08% of the holdings
- Return on equity
- 22.1% combined
- Net margin
- 10.4% combined
- Beta
- 1.04 weighted, vs S&P 500
EXEQ valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| EXEQ | 18.5 | 13.7 | 1.93 | 4.09 | 1.08% | 22.1% | 10.4% | 1.3% |
| 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.
EXEQ valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Industrials | 23.8% | 13.5 | 9.7 | 0.74 | 2.88 | 0.66% | 21.3% |
| Consumer Cyclical | 15.4% | 21.4 | 15.3 | 2.50 | 5.10 | 0.87% | 23.9% |
| Healthcare | 14.2% | 34.0 | 18.1 | 6.37 | 6.74 | 1.10% | 19.8% |
| Communication Services | 9.4% | 17.7 | 20.3 | 9.93 | 8.18 | 0.20% | 46.3% |
| Basic Materials | 8.8% | 15.4 | 15.0 | 4.71 | 4.38 | 2.87% | 28.4% |
| Energy | 8.3% | 19.0 | 13.3 | 2.69 | 2.30 | 1.54% | 12.1% |
| Technology | 8.2% | 27.7 | 16.7 | 10.31 | 13.20 | 0.42% | 47.7% |
| Utilities | 3.6% | 14.0 | 9.6 | 1.78 | 1.91 | 1.78% | 13.6% |
| Consumer Defensive | 2.8% | 29.5 | 20.9 | 7.52 | 1,318.70 | 3.12% | 4,472.8% |
| Financial Services | 2.6% | 14.8 | 14.7 | 3.70 | 2.42 | 0.60% | 16.3% |
EXEQ 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 EXEQ weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
EXEQ largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| DAL | Delta Air Lines, Inc. | 10.36% | 15.0 | 9.2 | 0.7 | 1.14% | 13.07% |
| UAL | United Airlines Holdings, Inc. | 7.84% | 9.0 | 7.4 | 0.5 | — | 16.55% |
| AU | AngloGold Ashanti Limited | 4.41% | 12.4 | 14.5 | 4.0 | 4.87% | 6.73% |
| MELI | MercadoLibre, Inc. | 3.77% | 50.5 | 32.8 | 2.6 | — | 1.42% |
| GOOG | Alphabet Inc. | 3.72% | 16.9 | 21.8 | 9.2 | 0.26% | 4.18% |
| GOOGL | Alphabet Inc. | 3.61% | 17.1 | 22.8 | 9.3 | 0.26% | 4.01% |
| CCL | Carnival Corporation & plc | 3.13% | 11.4 | 8.4 | 1.3 | 1.74% | 5.21% |
| PM | Philip Morris International Inc. | 2.82% | 29.5 | 20.9 | 7.5 | 3.12% | 1.82% |
| R1D | AERCAP HOLD | 2.62% | — | — | — | — | — |
| UTHR | United Therapeutics Corporation | 2.54% | 19.1 | 16.4 | 7.2 | — | 2.52% |
| RCL | Royal Caribbean Cruises Ltd. | 2.52% | 17.1 | 11.4 | 4.0 | 2.16% | 2.79% |
| MSFT | Microsoft Corporation | 2.30% | 29.5 | 25.1 | 11.8 | 0.74% | 1.48% |
| ABBV | AbbVie Inc. | 2.27% | 80.6 | 16.4 | 7.8 | 2.42% | 0.53% |
| ABNB | Airbnb, Inc. | 2.22% | 39.6 | 25.4 | 7.9 | — | 1.07% |
| APP | AppLovin Corporation | 2.09% | 20.5 | 15.4 | 13.1 | — | 1.94% |
| SNDK | Sandisk Corporation | 1.98% | 17.6 | 8.0 | 9.3 | — | 2.13% |
| FANG | Diamondback Energy, Inc. | 1.97% | 38.8 | 10.0 | 3.5 | 2.16% | 0.96% |
| VRTX | Vertex Pharmaceuticals Incorporated | 1.96% | 28.9 | 24.1 | 10.1 | — | 1.29% |
| NEM | Newmont Corporation | 1.95% | 15.0 | 11.6 | 4.8 | 0.88% | 2.48% |
| VRSK | Verisk Analytics, Inc. | 1.93% | 29.3 | 20.1 | 8.0 | 1.05% | 1.25% |
| SPGI | S&P Global Inc. | 1.73% | 26.1 | 19.9 | 7.9 | 0.90% | 1.26% |
| EQT | EQT Corporation | 1.71% | 12.6 | 14.1 | 3.7 | 1.25% | 2.57% |
| PCG | PG&E Corporation | 1.65% | 9.5 | 6.9 | 1.5 | 1.53% | 3.30% |
| URI | United Rentals, Inc. | 1.58% | 24.8 | 18.5 | 3.8 | 0.77% | 1.21% |
| LNG | Cheniere Energy, Inc. | 1.55% | 21.9 | 13.5 | 2.9 | 0.77% | 1.34% |
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 EXEQ valuation
Adding up its 49 holdings with company data, EXEQ trades at 18.5 times trailing earnings and 13.7 times analysts' forward estimates, with a price-to-book ratio of 4.09 and a dividend yield of 1.08%. Its earnings yield of 5.42% is 0.09 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 44.8% of the fund and earn 58.3% of its combined profit. By sector, Healthcare is the most expensive at 34.0 times earnings and Industrials the cheapest at 13.5. Companies that lost money over the past year are 1.3% 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 97.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: EXEQ chart, EXEQ holdings, EXEQ dividends.
EXEQ valuation FAQ
What is the P/E ratio of EXEQ?
Based on its holdings, EXEQ has a trailing P/E of 18.5 and a forward P/E of 13.7 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of EXEQ?
The trailing earnings yield is 5.42% (1 ÷ P/E) and the forward earnings yield 7.31%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is EXEQ more expensive than the S&P 500?
EXEQ trades at 18.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 13.7 and 19.9.
What is the price-to-book ratio of EXEQ?
The holdings of EXEQ trade at 4.09 times book value, with a combined return on equity of 22.1%.
Which sector in EXEQ has the highest P/E?
Healthcare has the highest P/E at 34.0 and Industrials the lowest at 13.5.