ProShares Trust ProShares S&P 500 Dynamic… (FB) Valuation

Cboe BZX: FBP/E, earnings yield and other ratios of the holdings combined.

FB valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 25.4
Forward P/E: 19.7
Price / sales: 3.65
Price / book: 5.40
EV / EBITDA: 17.1
Earnings yield: 3.94%
Dividend yield: 1.09%
Return on equity: 21.3%
Net margin: 14.4%
Beta: 1.19

FB valuation vs other stock ETFs

P/E (TTM)Forward P/E

FB valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
FB	25.4	19.7	3.65	5.40	1.09%	21.3%	14.4%	2.0%
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.

FB valuation by sector

P/E (TTM)Forward P/E

FB valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	30.9%	32.0	22.5	9.12	12.46	0.58%	38.9%
Financial Services	8.9%	15.6	14.3	3.42	2.32	1.57%	14.9%
Communication Services	8.5%	18.0	18.7	4.96	5.09	0.68%	28.3%
Consumer Cyclical	7.9%	27.9	23.5	2.66	6.31	0.71%	22.6%
Healthcare	6.6%	36.1	17.2	1.66	5.06	1.54%	14.0%
Industrials	5.8%	26.5	21.6	2.60	6.17	1.17%	23.3%
Consumer Defensive	3.6%	30.2	21.4	1.65	6.60	2.36%	21.9%
Energy	2.4%	19.7	13.4	1.96	2.50	2.38%	12.7%
Utilities	1.7%	18.9	15.3	2.67	2.09	2.99%	11.0%
Real Estate	1.4%	33.7	31.4	6.26	3.04	3.44%	9.0%
Basic Materials	1.3%	27.7	16.8	2.70	3.52	1.61%	12.7%

FB earnings yield vs bond yields

FB earnings yield (forward)

5.08%

FB earnings yield (trailing)

3.94%

FB dividend yield

1.09%

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 FB weight splits by P/E

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

FB largest holdings: valuation

FB largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
NVDA	NVIDIA Corporation	6.31%	27.1	24.9	17.1	0.47%	7.52%
AAPL	Apple Inc.	5.56%	39.4	35.2	10.7	0.31%	4.55%
MSFT	Microsoft Corporation	4.02%	29.5	25.1	11.8	0.74%	4.40%
AMZN	Amazon.com, Inc.	3.35%	20.1	23.6	3.5	—	5.38%
GOOGL	Alphabet Inc.	2.82%	17.1	22.8	9.3	0.26%	5.32%
AVGO	Broadcom Inc.	2.61%	43.3	19.4	17.6	0.79%	1.95%
GOOG	Alphabet Inc.	2.06%	16.9	21.8	9.2	0.26%	3.93%
META	Meta Platforms, Inc.	1.71%	26.7	22.1	7.9	0.30%	2.07%
TSLA	Tesla, Inc.	1.56%	328.4	158.7	13.5	—	0.15%
MU	Micron Technology, Inc.	1.26%	11.8	7.0	7.5	0.07%	3.43%
BRK.B	Berkshire Hathaway Inc.	1.09%	13.4	22.7	3.0	—	2.62%
AMD	Advanced Micro Devices, Inc.	1.05%	134.9	39.5	20.9	—	0.25%
LLY	Eli Lilly and Company	1.05%	42.2	24.4	14.1	0.55%	0.80%
JPM	JPMorgan Chase & Co.	0.97%	14.2	13.5	4.7	1.94%	2.19%
XOM	Exxon Mobil Corporation	0.70%	23.0	14.8	2.0	2.30%	0.99%
INTC	Intel Corporation	0.68%	—	63.3	8.3	—	−0.52%
V	Visa Inc.	0.64%	34.3	24.0	17.0	0.67%	0.61%
JNJ	Johnson & Johnson	0.64%	38.8	21.0	6.2	2.10%	0.53%
WMT	Walmart Inc.	0.62%	43.0	38.0	1.3	0.83%	0.47%
CSCO	Cisco Systems, Inc.	0.61%	32.2	19.8	6.7	1.56%	0.61%
COST	Costco Wholesale Corporation	0.55%	47.6	40.3	1.4	0.59%	0.37%
MA	Mastercard Incorporated	0.51%	34.0	24.2	15.4	0.56%	0.48%
CAT	Caterpillar Inc.	0.50%	31.5	25.4	4.5	0.89%	0.52%
ORCL	Oracle Corporation	0.47%	20.1	17.8	5.4	1.56%	0.76%
LRCX	Lam Research Corporation	0.46%	45.8	33.7	14.2	0.50%	0.33%

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 FB valuation

Adding up its 493 holdings with company data, FB trades at 25.4 times trailing earnings and 19.7 times analysts' forward estimates, with a price-to-book ratio of 5.40 and a dividend yield of 1.09%. Its earnings yield of 3.94% is 1.39 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 31.3% of the fund and earn 38.7% of its combined profit. By sector, Healthcare is the most expensive at 36.1 times earnings and Financial Services the cheapest at 15.6. Companies that lost money over the past year are 2.0% 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 99.1% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

FB valuation FAQ

What is the P/E ratio of FB?

Based on its holdings, FB has a trailing P/E of 25.4 and a forward P/E of 19.7 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of FB?

The trailing earnings yield is 3.94% (1 ÷ P/E) and the forward earnings yield 5.08%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is FB more expensive than the S&P 500?

FB trades at 25.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.7 and 19.9.

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

The holdings of FB trade at 5.40 times book value, with a combined return on equity of 21.3%.

Which sector in FB has the highest P/E?

Healthcare has the highest P/E at 36.1 and Financial Services the lowest at 15.6.