The Advisors’ Inner Circle Fund III (GQGU) Valuation
GQGU valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 14.4 trailing earnings
- Forward P/E
- 12.9 analyst estimates
- Price / sales
- 1.50
- Price / book
- 2.47
- EV / EBITDA
- 10.7
- Earnings yield
- 6.96% inverse of P/E
- Dividend yield
- 3.06% of the holdings
- Return on equity
- 17.2% combined
- Net margin
- 10.4% combined
- Beta
- 0.41 weighted, vs S&P 500
GQGU valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| GQGU | 14.4 | 12.9 | 1.50 | 2.47 | 3.06% | 17.2% | 10.4% | 0.0% |
| 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.
GQGU valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Consumer Defensive | 20.6% | 21.2 | 16.6 | 4.62 | 17.53 | 4.00% | 82.7% |
| Utilities | 20.0% | 20.2 | 17.0 | 3.29 | 1.92 | 2.99% | 9.5% |
| Financial Services | 18.2% | 7.8 | 10.7 | 1.36 | 1.87 | 1.43% | 24.1% |
| Energy | 14.9% | 20.9 | 12.6 | 1.75 | 1.95 | 2.69% | 9.3% |
| Healthcare | 13.2% | 20.3 | 11.6 | 0.52 | 2.65 | 2.37% | 13.1% |
| Communication Services | 10.6% | 9.2 | 9.3 | 1.30 | 1.70 | 5.51% | 18.4% |
| Consumer Cyclical | 1.6% | 19.7 | 17.1 | 6.21 | 146.07 | 3.18% | 740.0% |
GQGU 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 GQGU weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
GQGU largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| XOM | Exxon Mobil Corporation | 6.54% | 23.0 | 14.8 | 2.0 | 2.30% | 4.12% |
| PM | Philip Morris International Inc. | 6.29% | 29.5 | 20.9 | 7.5 | 3.12% | 3.09% |
| MO | Altria Group, Inc. | 6.05% | 15.8 | 11.9 | 6.1 | 5.91% | 5.54% |
| T | AT&T Inc. | 5.44% | 7.7 | 9.9 | 1.3 | 4.74% | 10.19% |
| VZ | Verizon Communications Inc. | 5.12% | 11.7 | 8.7 | 1.3 | 6.32% | 6.37% |
| CI | Cigna Corporation | 4.42% | 12.5 | 8.3 | 0.3 | 2.06% | 5.12% |
| ALL | The Allstate Corporation | 4.22% | 5.0 | 8.3 | 0.9 | 1.74% | 12.34% |
| PGR | The Progressive Corporation | 4.05% | 11.0 | 12.7 | 1.4 | 0.18% | 5.33% |
| KO | The Coca-Cola Company | 3.67% | 28.2 | 25.3 | 8.1 | 2.26% | 1.89% |
| AWK | American Water Works Company, Inc. | 3.63% | 23.4 | 20.0 | 5.1 | 2.65% | 2.25% |
| NVS | Novartis AG | 3.47% | 22.8 | 14.7 | 5.0 | 3.15% | 2.21% |
| CVX | Chevron Corporation | 3.30% | 21.2 | 15.2 | 2.1 | 3.16% | 2.25% |
| AEP | American Electric Power Company, Inc. | 3.15% | 22.0 | 17.2 | 3.0 | 2.99% | 2.07% |
| PEP | PepsiCo, Inc. | 2.82% | 16.5 | 14.9 | 1.8 | 4.50% | 2.47% |
| XEL | Xcel Energy Inc. | 2.60% | 20.9 | 16.0 | 3.3 | 3.11% | 1.80% |
| CVS | CVS Health Corporation | 2.46% | 24.3 | 10.7 | 0.3 | 2.88% | 1.47% |
| EXC | Exelon Corporation | 2.44% | 16.0 | 13.7 | 1.8 | 3.86% | 2.21% |
| CINF | Cincinnati Financial Corporation | 2.33% | 8.1 | 18.5 | 1.9 | 2.20% | 4.17% |
| RNR | RenaissanceRe Holdings Ltd. | 2.16% | 6.1 | 8.1 | 1.3 | 0.47% | 5.17% |
| ATO | Atmos Energy Corporation | 2.15% | 19.9 | 17.6 | 5.7 | 2.39% | 1.56% |
| CNP | CenterPoint Energy, Inc. | 2.08% | 24.0 | 17.7 | 2.8 | 2.37% | 1.25% |
| NEE | NextEra Energy, Inc. | 1.99% | 17.9 | 17.7 | 5.8 | 3.12% | 1.61% |
| STT | State Street Corporation | 1.99% | 13.5 | 11.9 | 2.9 | 2.22% | 2.13% |
| DUK | Duke Energy Corporation | 1.98% | 18.3 | 15.9 | 2.9 | 3.57% | 1.57% |
| DVN | Devon Energy Corporation | 1.83% | 11.1 | 9.3 | 3.0 | 2.52% | 2.40% |
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 GQGU valuation
Adding up its 34 holdings with company data, GQGU trades at 14.4 times trailing earnings and 12.9 times analysts' forward estimates, with a price-to-book ratio of 2.47 and a dividend yield of 3.06%. Its earnings yield of 6.96% is 1.63 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 49.4% of the fund and earn 56.2% of its combined profit. By sector, Consumer Defensive is the most expensive at 21.2 times earnings and Financial Services the cheapest at 7.8. Companies that lost money over the past year are 0.0% 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 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: GQGU chart, GQGU performance, GQGU holdings, GQGU dividends.
GQGU valuation FAQ
What is the P/E ratio of GQGU?
Based on its holdings, GQGU has a trailing P/E of 14.4 and a forward P/E of 12.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of GQGU?
The trailing earnings yield is 6.96% (1 ÷ P/E) and the forward earnings yield 7.76%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is GQGU more expensive than the S&P 500?
GQGU trades at 14.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 12.9 and 19.9.
What is the price-to-book ratio of GQGU?
The holdings of GQGU trade at 2.47 times book value, with a combined return on equity of 17.2%.
Which sector in GQGU has the highest P/E?
Consumer Defensive has the highest P/E at 21.2 and Financial Services the lowest at 7.8.