Fundstrat Granny Shots US Small- & Mid-Cap ETF (GRNJ) Valuation
GRNJ valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 47.1 trailing earnings
- Forward P/E
- 17.0 analyst estimates
- Price / sales
- 2.47
- Price / book
- 3.90
- EV / EBITDA
- 19.9
- Earnings yield
- 2.12% inverse of P/E
- Dividend yield
- 0.55% of the holdings
- Return on equity
- 8.3% combined
- Net margin
- 5.2% combined
- Beta
- 1.50 weighted, vs S&P 500
GRNJ valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| GRNJ | 47.1 | 17.0 | 2.47 | 3.90 | 0.55% | 8.3% | 5.2% | 19.5% |
| 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.
GRNJ valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 29.7% | 41.2 | 18.6 | 3.88 | 5.70 | 0.06% | 13.8% |
| Industrials | 24.4% | 33.7 | 25.8 | 2.78 | 4.92 | 0.46% | 14.6% |
| Financial Services | 12.4% | 29.5 | 11.5 | 1.05 | 1.60 | 1.70% | 5.4% |
| Healthcare | 8.2% | n/m | 18.2 | 10.57 | 20.31 | 0.00% | −24.9% |
| Consumer Cyclical | 6.7% | 27.8 | 17.5 | 1.42 | 4.35 | 1.08% | 15.6% |
| Energy | 5.7% | 15.7 | 13.1 | 1.19 | 2.13 | 2.18% | 13.5% |
| Communication Services | 5.0% | n/m | 8.1 | 3.04 | 3.24 | 0.00% | −19.8% |
| Basic Materials | 4.4% | 74.2 | 20.4 | 4.88 | 2.59 | 0.83% | 3.5% |
| Utilities | 2.0% | n/m | 9.9 | 4.49 | 8.91 | 0.00% | −10.4% |
GRNJ 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 GRNJ weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
GRNJ largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| DINO | HF Sinclair Corporation | 2.32% | 11.9 | 10.0 | 0.7 | 1.68% | 10.07% |
| EXEL | Exelixis, Inc. | 2.19% | 19.6 | 13.6 | 6.3 | — | 5.79% |
| ZETA | Zeta Global Holdings Corp. | 2.19% | — | 24.4 | 5.0 | — | −0.03% |
| NTRA | Natera, Inc. | 2.17% | — | — | 20.9 | — | −0.39% |
| HALO | Halozyme Therapeutics, Inc. | 2.17% | 35.6 | 11.5 | 8.3 | — | 3.16% |
| SN | SharkNinja, Inc. | 2.04% | 38.1 | 23.1 | 3.8 | — | 2.78% |
| BE | Bloom Energy Corporation | 2.02% | 291.2 | 57.1 | 20.9 | — | 0.36% |
| P | Everpure, Inc. | 1.99% | 169.9 | 44.8 | 9.7 | — | 0.61% |
| TLN | Talen Energy Corporation | 1.98% | — | 9.9 | 4.5 | — | −1.20% |
| RDDT | Reddit, Inc. | 1.94% | 36.3 | 23.2 | 10.8 | — | 2.77% |
| EWBC | East West Bancorp, Inc. | 1.88% | 12.2 | 12.7 | 6.0 | 2.52% | 7.99% |
| CFR | Cullen/Frost Bankers, Inc. | 1.81% | 14.7 | 14.0 | 4.3 | 2.66% | 6.42% |
| TPX | Tempur Sealy International Inc | 1.80% | — | — | — | — | — |
| DTM | DT Midstream, Inc. | 1.76% | 27.1 | 22.1 | 9.6 | 2.85% | 3.37% |
| ECHO | EchoStar Corporation | 1.75% | — | 4.7 | 1.7 | — | −14.49% |
| RMBS | Rambus Inc. | 1.75% | 40.0 | 24.2 | 12.5 | — | 2.28% |
| WTS | Watts Water Technologies, Inc. | 1.74% | 31.2 | 25.3 | 4.4 | 0.64% | 2.89% |
| RGLD | Royal Gold, Inc. | 1.73% | 26.4 | 24.2 | 13.1 | 0.80% | 3.42% |
| WAL | Western Alliance Bancorporation | 1.72% | 8.4 | 6.6 | 2.3 | 2.25% | 10.59% |
| ALLY | Ally Financial Inc. | 1.69% | 8.9 | 6.0 | 1.5 | 3.18% | 9.92% |
| AMOT | Allied Motion Technologies Inc | 1.69% | — | — | — | — | — |
| ZM | Zoom Video Communications, Inc. | 1.68% | 8.7 | 15.1 | 5.5 | — | 9.99% |
| PATH | UiPath Inc. | 1.68% | 19.2 | 16.7 | 3.9 | — | 4.54% |
| HII | Huntington Ingalls Industries, Inc. | 1.66% | 16.2 | 12.6 | 0.8 | 2.03% | 5.31% |
| PGEN | Precigen, Inc. | 1.63% | — | 16.9 | 26.7 | — | −13.77% |
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 GRNJ valuation
Adding up its 58 holdings with company data, GRNJ trades at 47.1 times trailing earnings and 17.0 times analysts' forward estimates, with a price-to-book ratio of 3.90 and a dividend yield of 0.55%. Its earnings yield of 2.12% is 3.20 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 21.0% of the fund and earn 23.9% of its combined profit. By sector, Basic Materials is the most expensive at 74.2 times earnings and Energy the cheapest at 15.7. Companies that lost money over the past year are 19.5% 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 90.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: GRNJ chart, GRNJ holdings.
GRNJ valuation FAQ
What is the P/E ratio of GRNJ?
Based on its holdings, GRNJ has a trailing P/E of 47.1 and a forward P/E of 17.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of GRNJ?
The trailing earnings yield is 2.12% (1 ÷ P/E) and the forward earnings yield 5.87%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is GRNJ more expensive than the S&P 500?
GRNJ trades at 47.1 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 17.0 and 19.9.
What is the price-to-book ratio of GRNJ?
The holdings of GRNJ trade at 3.90 times book value, with a combined return on equity of 8.3%.
Which sector in GRNJ has the highest P/E?
Basic Materials has the highest P/E at 74.2 and Energy the lowest at 15.7.