Goldman Sachs ActiveBeta U.S. Large Cap… (GSLC) Valuation
GSLC valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 24.8 trailing earnings
- Forward P/E
- 18.6 analyst estimates
- Price / sales
- 2.84
- Price / book
- 4.90
- EV / EBITDA
- 16.5
- Earnings yield
- 4.04% inverse of P/E
- Dividend yield
- 1.06% of the holdings
- Return on equity
- 19.8% combined
- Net margin
- 11.5% combined
- Beta
- 1.13 weighted, vs S&P 500
GSLC valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| GSLC | 24.8 | 18.6 | 2.84 | 4.90 | 1.06% | 19.8% | 11.5% | 3.4% |
| 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.
GSLC valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 38.3% | 30.7 | 22.5 | 7.01 | 10.39 | 0.55% | 33.9% |
| Financial Services | 11.1% | 13.9 | 13.2 | 2.75 | 2.13 | 1.63% | 15.3% |
| Healthcare | 10.4% | 42.2 | 18.1 | 1.61 | 4.92 | 1.14% | 11.7% |
| Consumer Cyclical | 9.5% | 25.5 | 20.5 | 2.38 | 6.27 | 0.80% | 24.6% |
| Communication Services | 9.1% | 17.7 | 16.3 | 3.47 | 4.37 | 0.74% | 24.7% |
| Industrials | 6.8% | 27.0 | 20.2 | 2.35 | 5.65 | 1.19% | 20.9% |
| Consumer Defensive | 5.8% | 33.6 | 19.4 | 1.00 | 4.82 | 2.13% | 14.4% |
| Energy | 3.4% | 18.0 | 11.8 | 1.71 | 2.49 | 2.06% | 13.8% |
| Utilities | 1.8% | 19.3 | 15.4 | 2.53 | 2.02 | 3.09% | 10.5% |
| Basic Materials | 1.5% | 23.7 | 15.9 | 2.57 | 3.22 | 1.43% | 13.6% |
| Real Estate | 1.1% | 25.7 | 27.4 | 6.87 | 2.21 | 4.18% | 8.6% |
GSLC 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 GSLC weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
GSLC largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 7.95% | 39.4 | 35.2 | 10.7 | 0.31% | 5.07% |
| NVDA | NVIDIA Corporation | 7.42% | 27.1 | 24.9 | 17.1 | 0.47% | 6.90% |
| MSFT | Microsoft Corporation | 5.42% | 29.5 | 25.1 | 11.8 | 0.74% | 4.62% |
| AMZN | Amazon.com, Inc. | 3.36% | 20.1 | 23.6 | 3.5 | — | 4.20% |
| GOOGL | Alphabet Inc. | 2.75% | 17.1 | 22.8 | 9.3 | 0.26% | 4.04% |
| AVGO | Broadcom Inc. | 2.10% | 43.3 | 19.4 | 17.6 | 0.79% | 1.22% |
| META | Meta Platforms, Inc. | 2.05% | 26.7 | 22.1 | 7.9 | 0.30% | 1.93% |
| GOOG | Alphabet Inc. | 1.73% | 16.9 | 21.8 | 9.2 | 0.26% | 2.57% |
| LLY | Eli Lilly and Company | 1.41% | 42.2 | 24.4 | 14.1 | 0.55% | 0.84% |
| JPM | JPMorgan Chase & Co. | 1.19% | 14.2 | 13.5 | 4.7 | 1.94% | 2.09% |
| MU | Micron Technology, Inc. | 1.11% | 11.8 | 7.0 | 7.5 | 0.07% | 2.35% |
| TSLA | Tesla, Inc. | 1.08% | 328.4 | 158.7 | 13.5 | — | 0.08% |
| BRK.B | Berkshire Hathaway Inc. | 0.98% | 13.4 | 22.7 | 3.0 | — | 1.84% |
| V | Visa Inc. | 0.87% | 34.3 | 24.0 | 17.0 | 0.67% | 0.64% |
| WMT | Walmart Inc. | 0.86% | 43.0 | 38.0 | 1.3 | 0.83% | 0.50% |
| JNJ | Johnson & Johnson | 0.85% | 38.8 | 21.0 | 6.2 | 2.10% | 0.55% |
| AMD | Advanced Micro Devices, Inc. | 0.77% | 134.9 | 39.5 | 20.9 | — | 0.14% |
| MA | Mastercard Incorporated | 0.73% | 34.0 | 24.2 | 15.4 | 0.56% | 0.54% |
| XOM | Exxon Mobil Corporation | 0.69% | 23.0 | 14.8 | 2.0 | 2.30% | 0.76% |
| TEAM | Atlassian Corporation | 0.64% | — | 36.2 | 8.0 | — | −0.01% |
| COST | Costco Wholesale Corporation | 0.58% | 47.6 | 40.3 | 1.4 | 0.59% | 0.30% |
| LRCX | Lam Research Corporation | 0.52% | 45.8 | 33.7 | 14.2 | 0.50% | 0.28% |
| CSCO | Cisco Systems, Inc. | 0.51% | 32.2 | 19.8 | 6.7 | 1.56% | 0.40% |
| ABBV | AbbVie Inc. | 0.48% | 80.6 | 16.4 | 7.8 | 2.42% | 0.15% |
| NTRA | Natera, Inc. | 0.48% | — | — | 20.9 | — | −0.04% |
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 GSLC valuation
Adding up its 419 holdings with company data, GSLC trades at 24.8 times trailing earnings and 18.6 times analysts' forward estimates, with a price-to-book ratio of 4.90 and a dividend yield of 1.06%. Its earnings yield of 4.04% is 1.29 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 35.4% of the fund and earn 33.5% of its combined profit. By sector, Healthcare is the most expensive at 42.2 times earnings and Financial Services the cheapest at 13.9. Companies that lost money over the past year are 3.4% 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 99.3% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: GSLC chart, GSLC performance, GSLC holdings, GSLC dividends.
GSLC valuation FAQ
What is the P/E ratio of GSLC?
Based on its holdings, GSLC has a trailing P/E of 24.8 and a forward P/E of 18.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of GSLC?
The trailing earnings yield is 4.04% (1 ÷ P/E) and the forward earnings yield 5.38%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is GSLC more expensive than the S&P 500?
GSLC trades at 24.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 18.6 and 19.9.
What is the price-to-book ratio of GSLC?
The holdings of GSLC trade at 4.90 times book value, with a combined return on equity of 19.8%.
Which sector in GSLC has the highest P/E?
Healthcare has the highest P/E at 42.2 and Financial Services the lowest at 13.9.