Fundstrat Granny Shots US Large Cap & Income ETF (GRNI) Valuation
GRNI valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 119.6 trailing earnings
- Forward P/E
- 21.6 analyst estimates
- Price / sales
- 4.56
- Price / book
- 7.56
- EV / EBITDA
- 21.4
- Earnings yield
- 0.84% inverse of P/E
- Dividend yield
- 0.79% of the holdings
- Return on equity
- 6.3% combined
- Net margin
- 3.8% combined
- Beta
- 1.33 weighted, vs S&P 500
GRNI valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| GRNI | 119.6 | 21.6 | 4.56 | 7.56 | 0.79% | 6.3% | 3.8% | 8.4% |
| 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.
GRNI valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 32.6% | n/m | 20.4 | 13.32 | 8.96 | 0.26% | −43.0% |
| Industrials | 20.1% | 36.4 | 27.9 | 4.15 | 11.31 | 0.94% | 31.1% |
| Consumer Cyclical | 10.0% | 33.7 | 28.8 | 3.39 | 7.46 | 0.95% | 22.1% |
| Financial Services | 9.1% | 17.4 | 17.0 | 5.35 | 3.24 | 1.38% | 18.6% |
| Consumer Defensive | 7.4% | 38.1 | 29.2 | 3.14 | 15.87 | 1.27% | 41.6% |
| Healthcare | 5.4% | 31.7 | 19.6 | 1.46 | 5.91 | 1.47% | 18.7% |
| Communication Services | 4.4% | 19.1 | 20.7 | 7.46 | 8.03 | 0.14% | 41.9% |
| Basic Materials | 4.3% | 14.0 | 14.5 | 2.92 | 4.18 | 1.44% | 29.8% |
| Utilities | 2.6% | 25.6 | 13.3 | 2.66 | 15.41 | 0.61% | 60.1% |
GRNI 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 GRNI weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
GRNI largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MSTR | MicroStrategy Incorporated | 3.23% | — | 6.8 | 116.3 | — | −278.37% |
| NOW | ServiceNow, Inc. | 2.89% | 88.7 | 27.8 | 10.0 | — | 4.07% |
| PLTR | Palantir Technologies Inc. | 2.81% | 160.4 | 85.5 | 72.6 | — | 2.19% |
| UNH | UnitedHealth Group Incorporated | 2.79% | 25.8 | 16.6 | 0.8 | 2.31% | 13.52% |
| AMD | Advanced Micro Devices, Inc. | 2.74% | 134.9 | 39.5 | 20.9 | — | 2.54% |
| AAPL | Apple Inc. | 2.72% | 39.4 | 35.2 | 10.7 | 0.31% | 8.62% |
| TSLA | Tesla, Inc. | 2.69% | 328.4 | 158.7 | 13.5 | — | 1.02% |
| MSFT | Microsoft Corporation | 2.68% | 29.5 | 25.1 | 11.8 | 0.74% | 11.35% |
| TJX | The TJX Companies, Inc. | 2.66% | 27.3 | 24.9 | 2.6 | 1.30% | 12.18% |
| LMT | Lockheed Martin Corporation | 2.59% | 20.3 | 16.2 | 1.7 | 2.61% | 15.89% |
| VST | Vistra Corp. | 2.57% | 25.6 | 13.3 | 2.7 | 0.61% | 12.54% |
| COST | Costco Wholesale Corporation | 2.57% | 47.6 | 40.3 | 1.4 | 0.59% | 6.75% |
| LLY | Eli Lilly and Company | 2.57% | 42.2 | 24.4 | 14.1 | 0.55% | 7.60% |
| DE | Deere & Company | 2.55% | 35.7 | 29.3 | 3.6 | 1.01% | 8.92% |
| PM | Philip Morris International Inc. | 2.53% | 29.5 | 20.9 | 7.5 | 3.12% | 10.71% |
| HOOD | Robinhood Markets, Inc. | 2.53% | 43.6 | 45.0 | 18.0 | — | 7.25% |
| SPCX | Space Exploration Technologies Corp. | 2.50% | — | 200.0 | 83.5 | — | −1.38% |
| PKG | Packaging Corporation of America | 2.36% | 30.7 | 18.7 | 2.2 | 2.54% | 9.62% |
| ANET | Arista Networks, Inc. | 2.35% | 55.8 | 39.2 | 21.2 | — | 5.25% |
| NVDA | NVIDIA Corporation | 2.34% | 27.1 | 24.9 | 17.1 | 0.47% | 10.82% |
| CDNS | Cadence Design Systems, Inc. | 2.34% | 63.5 | 31.5 | 15.1 | — | 4.61% |
| INTC | Intel Corporation | 2.33% | — | 63.3 | 8.3 | — | −6.87% |
| GOOGL | Alphabet Inc. | 2.32% | 17.1 | 22.8 | 9.3 | 0.26% | 16.94% |
| UNP | Union Pacific Corporation | 2.32% | 23.4 | 19.3 | 6.8 | 1.97% | 12.35% |
| AMZN | Amazon.com, Inc. | 2.30% | 20.1 | 23.6 | 3.5 | — | 14.27% |
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 GRNI valuation
Adding up its 40 holdings with company data, GRNI trades at 119.6 times trailing earnings and 21.6 times analysts' forward estimates, with a price-to-book ratio of 7.56 and a dividend yield of 0.79%. Its earnings yield of 0.84% is 4.49 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 27.8% of the fund and earn −207.0% of its combined profit. By sector, Consumer Defensive is the most expensive at 38.1 times earnings and Basic Materials the cheapest at 14.0. Companies that lost money over the past year are 8.4% 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 97.5% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: GRNI chart, GRNI holdings, GRNI dividends.
GRNI valuation FAQ
What is the P/E ratio of GRNI?
Based on its holdings, GRNI has a trailing P/E of 119.6 and a forward P/E of 21.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of GRNI?
The trailing earnings yield is 0.84% (1 ÷ P/E) and the forward earnings yield 4.62%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is GRNI more expensive than the S&P 500?
GRNI trades at 119.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 21.6 and 19.9.
What is the price-to-book ratio of GRNI?
The holdings of GRNI trade at 7.56 times book value, with a combined return on equity of 6.3%.
Which sector in GRNI has the highest P/E?
Consumer Defensive has the highest P/E at 38.1 and Basic Materials the lowest at 14.0.