FlexShares Global Quality Real Estate Index Fund (GQRE) Valuation
GQRE valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 26.4 trailing earnings
- Forward P/E
- 26.3 analyst estimates
- Price / sales
- 6.16
- Price / book
- 1.99
- EV / EBITDA
- 15.8
- Earnings yield
- 3.78% inverse of P/E
- Dividend yield
- 4.35% of the holdings
- Return on equity
- 7.5% combined
- Net margin
- 23.3% combined
- Beta
- 0.99 weighted, vs S&P 500
GQRE valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| GQRE | 26.4 | 26.3 | 6.16 | 1.99 | 4.35% | 7.5% | 23.3% | 3.3% |
| 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.
GQRE valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Real Estate | 97.5% | 26.4 | 26.3 | 6.16 | 1.99 | 4.35% | 7.5% |
GQRE 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 GQRE weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
GQRE largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| PLD | Prologis, Inc. | 7.04% | 27.7 | 29.2 | 12.4 | 3.40% | 10.38% |
| WELL | Welltower Inc. | 5.55% | 105.3 | 78.1 | 13.3 | 1.45% | 2.15% |
| EQIX | Equinix, Inc. | 4.08% | 63.4 | 52.1 | 9.8 | 2.09% | 2.63% |
| SPG | Simon Property Group, Inc. | 3.90% | 14.5 | 30.7 | 11.2 | 4.33% | 10.99% |
| VICI | VICI Properties Inc. | 3.52% | 9.2 | 7.8 | 6.3 | 7.80% | 15.67% |
| EQR | Equity Residential | 2.81% | — | — | — | — | — |
| HST | Host Hotels & Resorts, Inc. | 2.37% | 16.2 | 22.2 | 2.7 | 3.34% | 5.99% |
| 0016 | Sun Hung Kai Properties Ltd | 2.36% | — | — | — | — | — |
| KIM | Kimco Realty Corporation | 2.06% | 27.0 | 27.5 | 7.0 | 4.89% | 3.13% |
| OHI | Omega Healthcare Investors, Inc. | 1.95% | 16.3 | 10.1 | 11.6 | 5.96% | 4.90% |
| WPC | W. P. Carey Inc. | 1.95% | 22.3 | 24.2 | 8.2 | 5.83% | 3.56% |
| DOC | Healthpeak Properties, Inc. | 1.85% | 54.2 | 169.5 | 4.6 | 6.43% | 1.39% |
| REG | Regency Centers Corporation | 1.71% | 24.7 | 28.9 | 8.1 | 4.12% | 2.83% |
| 8830 | Sumitomo Realty & Development Co. | 1.63% | — | — | — | — | — |
| AMT | American Tower Corporation | 1.63% | 25.5 | 24.6 | 7.9 | 3.86% | 2.61% |
| URW | WFD Unibail Rodamco NV | 1.52% | — | — | — | — | — |
| EGP | EastGroup Properties, Inc. | 1.39% | 34.5 | 42.0 | 14.1 | 3.56% | 1.65% |
| AMH | American Homes 4 Rent | 1.37% | 24.8 | 200.0 | 6.8 | 4.22% | 2.26% |
| CPT | Camden Property Trust | 1.34% | 32.5 | 62.5 | 7.2 | 4.30% | 1.68% |
| 1113 | CK Asset Holdings Ltd | 1.29% | — | — | — | — | — |
| LI | Klepierre SA | 1.18% | — | — | — | — | — |
| CTRE | CareTrust REIT, Inc. | 1.11% | 22.8 | 21.3 | 15.1 | 4.27% | 1.98% |
| RHP | Ryman Hospitality Properties, Inc. | 1.07% | 30.7 | 25.8 | 3.2 | 3.81% | 1.43% |
| NNN | NNN REIT Inc | 1.06% | 20.6 | 20.4 | 8.4 | 5.97% | 2.10% |
| PSPN | PSP Swiss Property AG | 1.05% | — | — | — | — | — |
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 GQRE valuation
Adding up its 58 holdings with company data, GQRE trades at 26.4 times trailing earnings and 26.3 times analysts' forward estimates, with a price-to-book ratio of 1.99 and a dividend yield of 4.35%. 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 35.6% of the fund and earn 60.8% of its combined profit. Companies that lost money over the past year are 3.3% 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 65.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: GQRE chart, GQRE performance, GQRE holdings, GQRE dividends.
GQRE valuation FAQ
What is the P/E ratio of GQRE?
Based on its holdings, GQRE has a trailing P/E of 26.4 and a forward P/E of 26.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of GQRE?
The trailing earnings yield is 3.78% (1 ÷ P/E) and the forward earnings yield 3.80%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is GQRE more expensive than the S&P 500?
GQRE trades at 26.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 26.3 and 19.9.
What is the price-to-book ratio of GQRE?
The holdings of GQRE trade at 1.99 times book value, with a combined return on equity of 7.5%.