Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) Valuation
GPIX valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 26.4 trailing earnings
- Forward P/E
- 20.0 analyst estimates
- Price / sales
- 3.60
- Price / book
- 5.48
- EV / EBITDA
- 17.5
- Earnings yield
- 3.78% inverse of P/E
- Dividend yield
- 1.09% of the holdings
- Return on equity
- 20.7% combined
- Net margin
- 13.6% combined
- Beta
- 1.14 weighted, vs S&P 500
GPIX valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| GPIX | 26.4 | 20.0 | 3.60 | 5.48 | 1.09% | 20.7% | 13.6% | 1.8% |
| 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.
GPIX valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 37.9% | 32.7 | 23.5 | 9.21 | 12.67 | 0.55% | 38.7% |
| Financial Services | 11.9% | 16.2 | 14.8 | 3.47 | 2.41 | 1.46% | 14.8% |
| Healthcare | 10.0% | 37.7 | 17.5 | 1.77 | 5.22 | 1.52% | 13.9% |
| Consumer Cyclical | 9.4% | 27.1 | 22.2 | 2.56 | 5.97 | 0.73% | 22.0% |
| Industrials | 6.9% | 28.2 | 21.7 | 2.72 | 6.23 | 1.23% | 22.1% |
| Communication Services | 5.9% | 18.5 | 21.2 | 7.26 | 6.25 | 0.42% | 33.9% |
| Consumer Defensive | 4.7% | 29.8 | 22.2 | 1.70 | 6.91 | 2.18% | 23.1% |
| Energy | 3.6% | 19.9 | 12.8 | 1.83 | 2.57 | 2.29% | 12.9% |
| Utilities | 2.1% | 18.9 | 15.4 | 2.62 | 2.06 | 3.16% | 10.9% |
| Real Estate | 1.7% | 35.0 | 34.1 | 6.62 | 3.52 | 3.28% | 10.0% |
| Basic Materials | 1.6% | 30.1 | 17.4 | 3.15 | 3.87 | 1.30% | 12.8% |
GPIX 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 GPIX weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
GPIX largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 7.70% | 39.4 | 35.2 | 10.7 | 0.31% | 5.40% |
| NVDA | NVIDIA Corporation | 7.55% | 27.1 | 24.9 | 17.1 | 0.47% | 7.70% |
| MSFT | Microsoft Corporation | 5.72% | 29.5 | 25.1 | 11.8 | 0.74% | 5.36% |
| AMZN | Amazon.com, Inc. | 3.83% | 20.1 | 23.6 | 3.5 | — | 5.26% |
| XLC | Communication Services Select Sector SPDR® Fund | 3.82% | — | — | — | — | — |
| GOOGL | Alphabet Inc. | 3.09% | 17.1 | 22.8 | 9.3 | 0.26% | 5.00% |
| AVGO | Broadcom Inc. | 2.22% | 43.3 | 19.4 | 17.6 | 0.79% | 1.42% |
| BRK.B | Berkshire Hathaway Inc. | 1.61% | 13.4 | 22.7 | 3.0 | — | 3.31% |
| LLY | Eli Lilly and Company | 1.58% | 42.2 | 24.4 | 14.1 | 0.55% | 1.03% |
| TSLA | Tesla, Inc. | 1.52% | 328.4 | 158.7 | 13.5 | — | 0.13% |
| MU | Micron Technology, Inc. | 1.42% | 11.8 | 7.0 | 7.5 | 0.07% | 3.33% |
| JPM | JPMorgan Chase & Co. | 1.41% | 14.2 | 13.5 | 4.7 | 1.94% | 2.73% |
| META | Meta Platforms, Inc. | 1.39% | 26.7 | 22.1 | 7.9 | 0.30% | 1.44% |
| AMD | Advanced Micro Devices, Inc. | 1.31% | 134.9 | 39.5 | 20.9 | — | 0.27% |
| V | Visa Inc. | 1.12% | 34.3 | 24.0 | 17.0 | 0.67% | 0.90% |
| XOM | Exxon Mobil Corporation | 1.08% | 23.0 | 14.8 | 2.0 | 2.30% | 1.30% |
| GOOG | Alphabet Inc. | 0.98% | 16.9 | 21.8 | 9.2 | 0.26% | 1.60% |
| JNJ | Johnson & Johnson | 0.96% | 38.8 | 21.0 | 6.2 | 2.10% | 0.69% |
| WMT | Walmart Inc. | 0.80% | 43.0 | 38.0 | 1.3 | 0.83% | 0.51% |
| ABBV | AbbVie Inc. | 0.79% | 80.6 | 16.4 | 7.8 | 2.42% | 0.27% |
| MA | Mastercard Incorporated | 0.76% | 34.0 | 24.2 | 15.4 | 0.56% | 0.61% |
| PLTR | Palantir Technologies Inc. | 0.69% | 160.4 | 85.5 | 72.6 | — | 0.12% |
| CVX | Chevron Corporation | 0.68% | 21.2 | 15.2 | 2.1 | 3.16% | 0.89% |
| COST | Costco Wholesale Corporation | 0.68% | 47.6 | 40.3 | 1.4 | 0.59% | 0.39% |
| INTC | Intel Corporation | 0.67% | — | 63.3 | 8.3 | — | −0.44% |
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 GPIX valuation
Adding up its 474 holdings with company data, GPIX trades at 26.4 times trailing earnings and 20.0 times analysts' forward estimates, with a price-to-book ratio of 5.48 and a dividend yield of 1.09%. Its earnings yield of 3.78% is 1.54 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 38.6% of the fund and earn 37.9% of its combined profit. By sector, Healthcare is the most expensive at 37.7 times earnings and Financial Services the cheapest at 16.2. Companies that lost money over the past year are 1.8% 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 95.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: GPIX chart, GPIX performance, GPIX holdings, GPIX dividends.
GPIX valuation FAQ
What is the P/E ratio of GPIX?
Based on its holdings, GPIX has a trailing P/E of 26.4 and a forward P/E of 20.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of GPIX?
The trailing earnings yield is 3.78% (1 ÷ P/E) and the forward earnings yield 5.00%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is GPIX more expensive than the S&P 500?
GPIX trades at 26.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 20.0 and 19.9.
What is the price-to-book ratio of GPIX?
The holdings of GPIX trade at 5.48 times book value, with a combined return on equity of 20.7%.
Which sector in GPIX has the highest P/E?
Healthcare has the highest P/E at 37.7 and Financial Services the lowest at 16.2.