Gotham Enhanced 500 ETF (GSPY) Valuation
GSPY valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 23.4 trailing earnings
- Forward P/E
- 17.6 analyst estimates
- Price / sales
- 2.85
- Price / book
- 4.87
- EV / EBITDA
- 14.9
- Earnings yield
- 4.28% inverse of P/E
- Dividend yield
- 1.28% of the holdings
- Return on equity
- 20.8% combined
- Net margin
- 12.2% combined
- Beta
- 1.12 weighted, vs S&P 500
GSPY valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| GSPY | 23.4 | 17.6 | 2.85 | 4.87 | 1.28% | 20.8% | 12.2% | 1.2% |
| 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.
GSPY valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 37.1% | 27.9 | 20.1 | 6.96 | 10.31 | 0.64% | 37.0% |
| Financial Services | 11.4% | 16.5 | 14.8 | 3.34 | 2.41 | 1.50% | 14.6% |
| Communication Services | 10.8% | 17.6 | 17.5 | 3.96 | 4.53 | 0.88% | 25.7% |
| Consumer Cyclical | 10.0% | 23.8 | 20.3 | 2.27 | 5.84 | 1.00% | 24.5% |
| Healthcare | 10.0% | 32.8 | 14.8 | 1.12 | 3.60 | 2.08% | 11.0% |
| Industrials | 6.8% | 23.2 | 19.2 | 2.22 | 5.63 | 1.63% | 24.3% |
| Energy | 4.9% | 19.2 | 11.6 | 1.56 | 2.65 | 2.08% | 13.8% |
| Consumer Defensive | 4.7% | 25.3 | 17.8 | 1.65 | 5.62 | 3.11% | 22.3% |
| Real Estate | 1.8% | 30.0 | 31.6 | 7.39 | 2.69 | 3.73% | 9.0% |
| Basic Materials | 1.3% | 20.1 | 13.0 | 2.66 | 3.21 | 1.16% | 16.0% |
| Utilities | 0.6% | 18.9 | 15.4 | 2.72 | 2.08 | 3.01% | 11.0% |
GSPY 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 GSPY weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
GSPY largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 7.11% | 39.4 | 35.2 | 10.7 | 0.31% | 4.25% |
| MSFT | Microsoft Corporation | 6.55% | 29.5 | 25.1 | 11.8 | 0.74% | 5.23% |
| NVDA | NVIDIA Corporation | 6.45% | 27.1 | 24.9 | 17.1 | 0.47% | 5.61% |
| GOOGL | Alphabet Inc. | 4.68% | 17.1 | 22.8 | 9.3 | 0.26% | 6.44% |
| AMZN | Amazon.com, Inc. | 4.59% | 20.1 | 23.6 | 3.5 | — | 5.37% |
| META | Meta Platforms, Inc. | 2.79% | 26.7 | 22.1 | 7.9 | 0.30% | 2.46% |
| MU | Micron Technology, Inc. | 2.49% | 11.8 | 7.0 | 7.5 | 0.07% | 4.96% |
| BRK.B | Berkshire Hathaway Inc. | 1.65% | 13.4 | 22.7 | 3.0 | — | 2.90% |
| CSCO | Cisco Systems, Inc. | 1.45% | 32.2 | 19.8 | 6.7 | 1.56% | 1.06% |
| UNH | UnitedHealth Group Incorporated | 1.41% | 25.8 | 16.6 | 0.8 | 2.31% | 1.29% |
| MRK | Merck & Co., Inc. | 1.36% | 115.8 | 15.3 | 5.4 | 2.33% | 0.28% |
| V | Visa Inc. | 1.35% | 34.3 | 24.0 | 17.0 | 0.67% | 0.93% |
| AVGO | Broadcom Inc. | 1.29% | 43.3 | 19.4 | 17.6 | 0.79% | 0.70% |
| AMD | Advanced Micro Devices, Inc. | 1.29% | 134.9 | 39.5 | 20.9 | — | 0.22% |
| JPM | JPMorgan Chase & Co. | 1.25% | 14.2 | 13.5 | 4.7 | 1.94% | 2.06% |
| XOM | Exxon Mobil Corporation | 1.18% | 23.0 | 14.8 | 2.0 | 2.30% | 1.21% |
| TSLA | Tesla, Inc. | 1.13% | 328.4 | 158.7 | 13.5 | — | 0.08% |
| DELL | Dell Technologies Inc. | 0.99% | 26.3 | 21.3 | 1.9 | 0.56% | 0.89% |
| KO | The Coca-Cola Company | 0.87% | 28.2 | 25.3 | 8.1 | 2.26% | 0.73% |
| HD | The Home Depot, Inc. | 0.86% | 21.5 | 19.8 | 1.8 | 3.01% | 0.94% |
| NFLX | Netflix, Inc. | 0.84% | 22.2 | 18.7 | 6.1 | — | 0.89% |
| MA | Mastercard Incorporated | 0.82% | 34.0 | 24.2 | 15.4 | 0.56% | 0.57% |
| JNJ | Johnson & Johnson | 0.81% | 38.8 | 21.0 | 6.2 | 2.10% | 0.49% |
| PEP | PepsiCo, Inc. | 0.70% | 16.5 | 14.9 | 1.8 | 4.50% | 0.99% |
| TXN | Texas Instruments Incorporated | 0.66% | 42.1 | 27.5 | 13.0 | 2.20% | 0.37% |
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 GSPY valuation
Adding up its 494 holdings with company data, GSPY trades at 23.4 times trailing earnings and 17.6 times analysts' forward estimates, with a price-to-book ratio of 4.87 and a dividend yield of 1.28%. Its earnings yield of 4.28% is 1.05 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 39.2% of the fund and earn 39.6% of its combined profit. By sector, Healthcare is the most expensive at 32.8 times earnings and Financial Services the cheapest at 16.5. Companies that lost money over the past year are 1.2% 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 99.7% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: GSPY chart, GSPY performance, GSPY holdings, GSPY dividends.
GSPY valuation FAQ
What is the P/E ratio of GSPY?
Based on its holdings, GSPY has a trailing P/E of 23.4 and a forward P/E of 17.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of GSPY?
The trailing earnings yield is 4.28% (1 ÷ P/E) and the forward earnings yield 5.67%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is GSPY more expensive than the S&P 500?
GSPY trades at 23.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 17.6 and 19.9.
What is the price-to-book ratio of GSPY?
The holdings of GSPY trade at 4.87 times book value, with a combined return on equity of 20.8%.
Which sector in GSPY has the highest P/E?
Healthcare has the highest P/E at 32.8 and Financial Services the lowest at 16.5.