Goldman Sachs Equal Weight U.S. Large Cap… (GSEW) Valuation

Cboe BZX: GSEWP/E, earnings yield and other ratios of the holdings combined.

GSEW valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 25.7
Forward P/E: 16.2
Price / sales: 2.03
Price / book: 3.39
EV / EBITDA: 14.2
Earnings yield: 3.89%
Dividend yield: 1.58%
Return on equity: 13.2%
Net margin: 7.9%
Beta: 1.00

GSEW valuation vs other stock ETFs

P/E (TTM)Forward P/E

GSEW valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
GSEW	25.7	16.2	2.03	3.39	1.58%	13.2%	7.9%	6.9%
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.

GSEW valuation by sector

P/E (TTM)Forward P/E

GSEW valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	17.6%	39.3	18.8	3.45	5.16	0.72%	13.1%
Industrials	15.3%	28.4	19.8	2.53	5.52	1.09%	19.4%
Financial Services	15.1%	15.4	13.2	2.68	2.15	1.73%	14.0%
Healthcare	11.9%	37.5	16.8	1.28	3.97	1.03%	10.6%
Consumer Cyclical	9.6%	33.3	16.4	1.63	4.93	1.45%	14.8%
Utilities	6.1%	18.6	14.8	2.44	1.95	3.12%	10.5%
Consumer Defensive	6.1%	31.1	15.9	0.97	3.52	2.84%	11.3%
Basic Materials	4.7%	27.6	15.5	2.04	2.82	1.81%	10.2%
Energy	4.6%	17.6	12.9	2.05	2.52	1.90%	14.4%
Real Estate	4.2%	28.6	27.6	5.09	3.07	3.77%	10.7%
Communication Services	3.8%	20.5	11.1	1.55	2.72	1.51%	13.2%

GSEW earnings yield vs bond yields

GSEW earnings yield (forward)

6.17%

GSEW earnings yield (trailing)

3.89%

GSEW dividend yield

1.58%

Bond market yield (AGG)

5.33%

T-bill yield (BIL)

3.91%

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 GSEW weight splits by P/E

Share of the covered weight in companies with a trailing P/E in each range.

GSEW largest holdings: valuation

GSEW largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
EFX	Equifax Inc.	0.25%	28.4	16.1	2.9	1.39%	0.23%
ACN	Accenture plc	0.25%	16.9	12.4	1.9	2.98%	0.39%
CTSH	Cognizant Technology Solutions Corporation	0.25%	14.2	9.4	1.4	2.00%	0.46%
BRO	Brown & Brown, Inc.	0.25%	21.9	12.6	3.5	0.95%	0.29%
INTU	Intuit Inc.	0.25%	19.8	12.7	4.1	1.70%	0.33%
AJG	Arthur J. Gallagher & Co.	0.24%	42.3	16.3	4.3	1.10%	0.15%
FICO	Fair Isaac Corporation	0.24%	22.3	16.1	7.0	—	0.28%
RBLX	Roblox Corporation	0.24%	—	192.3	6.2	—	−0.17%
STZ	Constellation Brands, Inc.	0.24%	11.8	10.0	2.4	3.14%	0.53%
VRSK	Verisk Analytics, Inc.	0.23%	29.3	20.1	8.0	1.05%	0.21%
LMT	Lockheed Martin Corporation	0.23%	20.3	16.2	1.7	2.61%	0.30%
CBOE	Cboe Global Markets, Inc.	0.23%	24.6	21.9	6.5	1.09%	0.25%
LOW	Lowe's Companies, Inc.	0.23%	16.7	15.6	1.2	2.53%	0.36%
CI	Cigna Corporation	0.23%	12.5	8.3	0.3	2.06%	0.49%
NDAQ	Nasdaq, Inc.	0.23%	27.4	23.6	9.4	1.23%	0.22%
ZS	Zscaler, Inc.	0.23%	—	43.9	10.1	—	−0.01%
CHD	Church & Dwight Co., Inc.	0.23%	33.5	23.4	4.0	1.18%	0.18%
LYB	LyondellBasell Industries N.V.	0.23%	—	9.1	0.7	4.31%	−0.08%
DG	Dollar General Corporation	0.23%	17.4	15.3	0.7	1.76%	0.35%
PAYX	Paychex, Inc.	0.23%	22.1	17.5	6.0	4.26%	0.27%
BR	Broadridge Financial Solutions, Inc.	0.23%	18.2	15.5	2.6	2.49%	0.33%
ADP	Automatic Data Processing, Inc.	0.23%	26.4	22.0	5.2	2.35%	0.23%
NOC	Northrop Grumman Corporation	0.23%	16.5	17.0	1.7	1.90%	0.37%
TEAM	Atlassian Corporation	0.23%	—	36.2	8.0	—	−0.00%
CDW	CDW Corporation	0.23%	18.1	15.2	0.8	1.67%	0.33%

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 GSEW valuation

Adding up its 486 holdings with company data, GSEW trades at 25.7 times trailing earnings and 16.2 times analysts' forward estimates, with a price-to-book ratio of 3.39 and a dividend yield of 1.58%. Its earnings yield of 3.89% is 1.43 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 2.4% of the fund and earn 2.7% of its combined profit. By sector, Technology is the most expensive at 39.3 times earnings and Financial Services the cheapest at 15.4. Companies that lost money over the past year are 6.9% 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 98.2% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

GSEW valuation FAQ

What is the P/E ratio of GSEW?

Based on its holdings, GSEW has a trailing P/E of 25.7 and a forward P/E of 16.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of GSEW?

The trailing earnings yield is 3.89% (1 ÷ P/E) and the forward earnings yield 6.17%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is GSEW more expensive than the S&P 500?

GSEW trades at 25.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 16.2 and 19.9.

What is the price-to-book ratio of GSEW?

The holdings of GSEW trade at 3.39 times book value, with a combined return on equity of 13.2%.

Which sector in GSEW has the highest P/E?

Technology has the highest P/E at 39.3 and Financial Services the lowest at 15.4.