Goldman Sachs Innovate Equity ETF (GINN) Valuation
GINN valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 262.1 trailing earnings
- Forward P/E
- 17.9 analyst estimates
- Price / sales
- 0.89
- Price / book
- 4.01
- EV / EBITDA
- 12.9
- Earnings yield
- 0.38% inverse of P/E
- Dividend yield
- 0.91% of the holdings
- Return on equity
- 1.5% combined
- Net margin
- 0.3% combined
- Beta
- 1.29 weighted, vs S&P 500
GINN valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| GINN | 262.1 | 17.9 | 0.89 | 4.01 | 0.91% | 1.5% | 0.3% | 17.3% |
| 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.
GINN valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 30.7% | 69.3 | 19.6 | 2.92 | 4.90 | 0.52% | 7.1% |
| Healthcare | 22.4% | 584.7 | 17.7 | 3.96 | 4.46 | 1.09% | 0.8% |
| Consumer Cyclical | 13.0% | n/m | 16.1 | 1.27 | 3.83 | 0.57% | 0.1% |
| Financial Services | 11.8% | n/m | 16.5 | 3.08 | 3.83 | 1.38% | −19.8% |
| Communication Services | 10.7% | 29.8 | 18.3 | 1.78 | 2.63 | 0.79% | 8.8% |
| Consumer Defensive | 1.9% | 26.3 | 16.6 | 0.75 | 4.26 | 1.25% | 16.2% |
| Energy | 1.2% | 12.1 | 10.2 | 1.06 | 1.58 | 3.35% | 13.1% |
| Real Estate | 0.6% | 44.1 | 39.4 | 9.06 | 5.42 | 2.91% | 12.3% |
| Information Technology | 0.1% | n/m | 45.0 | 20.20 | 2.74 | 0.00% | −2.7% |
GINN 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 GINN weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
GINN largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 2.20% | 39.4 | 35.2 | 10.7 | 0.31% | 18.22% |
| MSFT | Microsoft Corporation | 2.09% | 29.5 | 25.1 | 11.8 | 0.74% | 23.12% |
| GOOGL | Alphabet Inc. | 2.00% | 17.1 | 22.8 | 9.3 | 0.26% | 38.17% |
| NVDA | NVIDIA Corporation | 1.95% | 27.1 | 24.9 | 17.1 | 0.47% | 23.54% |
| META | Meta Platforms, Inc. | 1.93% | 26.7 | 22.1 | 7.9 | 0.30% | 23.62% |
| AMZN | Amazon.com, Inc. | 1.90% | 20.1 | 23.6 | 3.5 | — | 30.83% |
| TSLA | Tesla, Inc. | 1.31% | 328.4 | 158.7 | 13.5 | — | 1.30% |
| INTC | Intel Corporation | 1.15% | — | 63.3 | 8.3 | — | −8.89% |
| MRNA | Moderna, Inc. | 1.15% | — | 23.0 | 39.1 | — | −13.74% |
| 0700 | Tencent Holdings Ltd | 1.09% | — | — | — | — | — |
| LLY | Eli Lilly and Company | 1.07% | 42.2 | 24.4 | 14.1 | 0.55% | 8.29% |
| V | Visa Inc. | 0.89% | 34.3 | 24.0 | 17.0 | 0.67% | 8.45% |
| JNJ | Johnson & Johnson | 0.88% | 38.8 | 21.0 | 6.2 | 2.10% | 7.37% |
| SHOP | Shopify Inc. | 0.87% | 114.5 | 58.8 | 16.6 | — | 2.48% |
| MA | Mastercard Incorporated | 0.82% | 34.0 | 24.2 | 15.4 | 0.56% | 7.89% |
| 9988 | Alibaba Group Holding Ltd | 0.77% | — | — | — | — | — |
| WMT | Walmart Inc. | 0.76% | 43.0 | 38.0 | 1.3 | 0.83% | 5.75% |
| ABBV | AbbVie Inc. | 0.74% | 80.6 | 16.4 | 7.8 | 2.42% | 3.00% |
| TSM | Taiwan Semiconductor Manufacturing Company Limited | 0.74% | 26.7 | 21.4 | 0.4 | 0.91% | 9.01% |
| MELI | MercadoLibre, Inc. | 0.69% | 50.5 | 32.8 | 2.6 | — | 4.46% |
| AVGO | Broadcom Inc. | 0.68% | 43.3 | 19.4 | 17.6 | 0.79% | 5.14% |
| AMD | Advanced Micro Devices, Inc. | 0.68% | 134.9 | 39.5 | 20.9 | — | 1.64% |
| ROP | Roche Holding AG | 0.68% | — | — | — | — | — |
| MRK | Merck & Co., Inc. | 0.67% | 115.8 | 15.3 | 5.4 | 2.33% | 1.88% |
| NOVN | Novartis AG | 0.61% | — | — | — | — | — |
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 GINN valuation
Adding up its 341 holdings with company data, GINN trades at 262.1 times trailing earnings and 17.9 times analysts' forward estimates, with a price-to-book ratio of 4.01 and a dividend yield of 0.91%. Its earnings yield of 0.38% is 4.95 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 16.8% of the fund and earn 144.5% of its combined profit. By sector, Healthcare is the most expensive at 584.7 times earnings and Energy the cheapest at 12.1. Companies that lost money over the past year are 17.3% 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 81.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: GINN chart, GINN performance, GINN holdings, GINN dividends.
GINN valuation FAQ
What is the P/E ratio of GINN?
Based on its holdings, GINN has a trailing P/E of 262.1 and a forward P/E of 17.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of GINN?
The trailing earnings yield is 0.38% (1 ÷ P/E) and the forward earnings yield 5.57%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is GINN more expensive than the S&P 500?
GINN trades at 262.1 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 17.9 and 19.9.
What is the price-to-book ratio of GINN?
The holdings of GINN trade at 4.01 times book value, with a combined return on equity of 1.5%.
Which sector in GINN has the highest P/E?
Healthcare has the highest P/E at 584.7 and Energy the lowest at 12.1.