WisdomTree U.S. MidCap Earnings Fund (EZM) Valuation

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

EZM valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 18.8
Forward P/E: 12.4
Price / sales: 1.12
Price / book: 2.20
EV / EBITDA: 10.6
Earnings yield: 5.33%
Dividend yield: 1.60%
Return on equity: 11.7%
Net margin: 6.0%
Beta: 1.00

EZM valuation vs other stock ETFs

P/E (TTM)Forward P/E

EZM valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
EZM	18.8	12.4	1.12	2.20	1.60%	11.7%	6.0%	8.4%
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.

EZM valuation by sector

P/E (TTM)Forward P/E

EZM valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Financial Services	19.1%	14.0	9.9	1.55	1.47	2.36%	10.5%
Consumer Cyclical	15.2%	13.8	11.2	0.65	2.42	1.34%	17.6%
Industrials	14.9%	24.3	15.3	1.05	2.74	1.00%	11.3%
Technology	13.0%	30.9	15.3	1.07	3.93	0.34%	12.7%
Healthcare	11.4%	55.7	13.4	2.28	3.23	0.43%	5.8%
Energy	7.4%	12.7	9.9	1.75	1.58	2.03%	12.5%
Consumer Defensive	4.8%	21.4	12.0	0.45	2.40	2.07%	11.2%
Real Estate	4.8%	24.3	27.2	3.88	2.03	4.43%	8.4%
Basic Materials	3.9%	16.6	12.2	1.47	2.28	1.67%	13.7%
Utilities	3.3%	12.3	11.3	1.61	1.67	3.80%	13.6%
Communication Services	1.9%	17.0	10.8	1.51	1.68	2.69%	9.9%

EZM earnings yield vs bond yields

EZM earnings yield (forward)

8.07%

EZM earnings yield (trailing)

5.33%

EZM dividend yield

1.60%

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 EZM weight splits by P/E

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

EZM largest holdings: valuation

EZM largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
VTRS	Viatris Inc.	1.59%	—	6.4	1.5	2.57%	−0.59%
APA	APA Corporation	1.08%	10.4	9.4	2.0	2.03%	1.99%
OVV	Ovintiv Inc.	0.94%	19.3	9.0	2.0	1.73%	0.93%
CF	CF Industries Holdings, Inc.	0.92%	9.0	12.2	2.4	1.99%	1.97%
RNR	RenaissanceRe Holdings Ltd.	0.87%	6.1	8.1	1.3	0.47%	2.74%
SNX	TD SYNNEX Corporation	0.76%	15.0	12.7	0.3	0.78%	0.97%
AES	The AES Corporation	0.75%	5.6	6.6	0.8	4.71%	2.57%
SWKS	Skyworks Solutions, Inc.	0.72%	41.3	17.8	4.7	—	0.33%
JXN	Jackson Financial Inc.	0.66%	143.5	—	1.4	2.76%	0.09%
YZ8	Permian Resources Corporation	0.63%	—	—	—	—	—
BWA	BorgWarner Inc.	0.61%	29.1	11.9	0.8	1.17%	0.40%
BEN	Franklin Resources, Inc.	0.61%	21.1	10.3	1.7	4.26%	0.56%
GL	Globe Life Inc.	0.61%	11.2	10.2	2.1	0.78%	1.04%
SIRI	Sirius XM Holdings Inc	0.60%	10.8	8.1	1.1	4.00%	1.06%
HALO	Halozyme Therapeutics, Inc.	0.58%	35.6	11.5	8.3	—	0.31%
ENTG	Entegris, Inc.	0.58%	69.4	31.6	6.4	0.29%	0.16%
DINO	HF Sinclair Corporation	0.57%	11.9	10.0	0.7	1.68%	0.91%
PAG	Penske Automotive Group, Inc.	0.55%	14.9	14.7	0.4	2.75%	0.71%
LNC	Lincoln National Corporation	0.53%	3.4	5.2	0.4	4.52%	3.01%
DVA	DaVita Inc.	0.52%	15.8	10.0	0.9	—	0.64%
SJM	The J. M. Smucker Company	0.52%	59.5	12.0	1.5	3.52%	0.17%
PNFP	Pinnacle Financial Partners, Inc.	0.51%	13.0	8.2	4.3	2.11%	0.75%
MTDR	Matador Resources Company	0.51%	9.9	5.5	1.9	2.61%	0.99%
EXEL	Exelixis, Inc.	0.51%	19.6	13.6	6.3	—	0.50%
CCK	Crown Holdings, Inc.	0.48%	16.4	12.1	0.9	1.15%	0.57%

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 EZM valuation

Adding up its 492 holdings with company data, EZM trades at 18.8 times trailing earnings and 12.4 times analysts' forward estimates, with a price-to-book ratio of 2.20 and a dividend yield of 1.60%. Its earnings yield of 5.33% is 0.00 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 8.9% of the fund and earn 11.4% of its combined profit. By sector, Healthcare is the most expensive at 55.7 times earnings and Utilities the cheapest at 12.3. Companies that lost money over the past year are 8.4% 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 97.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

EZM valuation FAQ

What is the P/E ratio of EZM?

Based on its holdings, EZM has a trailing P/E of 18.8 and a forward P/E of 12.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of EZM?

The trailing earnings yield is 5.33% (1 ÷ P/E) and the forward earnings yield 8.07%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is EZM more expensive than the S&P 500?

EZM trades at 18.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 12.4 and 19.9.

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

The holdings of EZM trade at 2.20 times book value, with a combined return on equity of 11.7%.

Which sector in EZM has the highest P/E?

Healthcare has the highest P/E at 55.7 and Utilities the lowest at 12.3.