Goldman Sachs ActiveBeta World Equity ETF (GSWO) Valuation
GSWO valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 25.5 trailing earnings
- Forward P/E
- 19.6 analyst estimates
- Price / sales
- 3.33
- Price / book
- 5.73
- EV / EBITDA
- 17.7
- Earnings yield
- 3.93% inverse of P/E
- Dividend yield
- 1.00% of the holdings
- Return on equity
- 22.5% combined
- Net margin
- 13.1% combined
- Beta
- 1.16 weighted, vs S&P 500
GSWO valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| GSWO | 25.5 | 19.6 | 3.33 | 5.73 | 1.00% | 22.5% | 13.1% | 1.9% |
| 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.
GSWO valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 31.2% | 32.4 | 23.2 | 9.45 | 12.75 | 0.54% | 39.3% |
| Financial Services | 15.5% | 14.7 | 13.9 | 3.11 | 2.33 | 1.57% | 15.8% |
| Healthcare | 10.3% | 38.6 | 17.7 | 1.45 | 5.23 | 1.44% | 13.5% |
| Consumer Cyclical | 10.1% | 28.1 | 23.6 | 2.73 | 7.04 | 0.62% | 25.1% |
| Communication Services | 8.1% | 17.7 | 18.6 | 4.77 | 5.13 | 0.61% | 29.0% |
| Consumer Defensive | 6.0% | 30.1 | 21.6 | 1.34 | 7.02 | 2.13% | 23.4% |
| Energy | 4.4% | 18.8 | 11.9 | 1.69 | 2.38 | 2.36% | 12.7% |
| Real Estate | 0.5% | 44.1 | 43.1 | 5.96 | 3.33 | 2.53% | 7.6% |
GSWO 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 GSWO weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
GSWO largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 5.60% | 39.4 | 35.2 | 10.7 | 0.31% | 5.22% |
| NVDA | NVIDIA Corporation | 5.59% | 27.1 | 24.9 | 17.1 | 0.47% | 7.58% |
| MSFT | Microsoft Corporation | 4.33% | 29.5 | 25.1 | 11.8 | 0.74% | 5.39% |
| AMZN | Amazon.com, Inc. | 2.65% | 20.1 | 23.6 | 3.5 | — | 4.83% |
| GOOGL | Alphabet Inc. | 2.13% | 17.1 | 22.8 | 9.3 | 0.26% | 4.57% |
| GOOG | Alphabet Inc. | 1.84% | 16.9 | 21.8 | 9.2 | 0.26% | 4.00% |
| AVGO | Broadcom Inc. | 1.70% | 43.3 | 19.4 | 17.6 | 0.79% | 1.44% |
| META | Meta Platforms, Inc. | 1.59% | 26.7 | 22.1 | 7.9 | 0.30% | 2.19% |
| LLY | Eli Lilly and Company | 1.32% | 42.2 | 24.4 | 14.1 | 0.55% | 1.14% |
| TSLA | Tesla, Inc. | 1.26% | 328.4 | 158.7 | 13.5 | — | 0.14% |
| MU | Micron Technology, Inc. | 1.14% | 11.8 | 7.0 | 7.5 | 0.07% | 3.53% |
| JPM | JPMorgan Chase & Co. | 0.97% | 14.2 | 13.5 | 4.7 | 1.94% | 2.49% |
| AMD | Advanced Micro Devices, Inc. | 0.94% | 134.9 | 39.5 | 20.9 | — | 0.26% |
| V | Visa Inc. | 0.84% | 34.3 | 24.0 | 17.0 | 0.67% | 0.90% |
| XOM | Exxon Mobil Corporation | 0.81% | 23.0 | 14.8 | 2.0 | 2.30% | 1.30% |
| BRK.B | Berkshire Hathaway Inc. | 0.80% | 13.4 | 22.7 | 3.0 | — | 2.21% |
| JNJ | Johnson & Johnson | 0.75% | 38.8 | 21.0 | 6.2 | 2.10% | 0.71% |
| ASML | ASML Holding N.V. | 0.73% | — | — | — | — | — |
| WMT | Walmart Inc. | 0.67% | 43.0 | 38.0 | 1.3 | 0.83% | 0.57% |
| MA | Mastercard Incorporated | 0.63% | 34.0 | 24.2 | 15.4 | 0.56% | 0.68% |
| ABBV | AbbVie Inc. | 0.54% | 80.6 | 16.4 | 7.8 | 2.42% | 0.24% |
| COST | Costco Wholesale Corporation | 0.50% | 47.6 | 40.3 | 1.4 | 0.59% | 0.38% |
| UNH | UnitedHealth Group Incorporated | 0.49% | 25.8 | 16.6 | 0.8 | 2.31% | 0.70% |
| CSCO | Cisco Systems, Inc. | 0.49% | 32.2 | 19.8 | 6.7 | 1.56% | 0.55% |
| PLTR | Palantir Technologies Inc. | 0.48% | 160.4 | 85.5 | 72.6 | — | 0.11% |
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 GSWO valuation
Adding up its 320 holdings with company data, GSWO trades at 25.5 times trailing earnings and 19.6 times analysts' forward estimates, with a price-to-book ratio of 5.73 and a dividend yield of 1.00%. Its earnings yield of 3.93% is 1.40 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 28.0% of the fund and earn 36.5% of its combined profit. By sector, Real Estate is the most expensive at 44.1 times earnings and Financial Services the cheapest at 14.7. Companies that lost money over the past year are 1.9% 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 69.8% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: GSWO chart, GSWO performance, GSWO holdings, GSWO dividends.
GSWO valuation FAQ
What is the P/E ratio of GSWO?
Based on its holdings, GSWO has a trailing P/E of 25.5 and a forward P/E of 19.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of GSWO?
The trailing earnings yield is 3.93% (1 ÷ P/E) and the forward earnings yield 5.10%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is GSWO more expensive than the S&P 500?
GSWO trades at 25.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.6 and 19.9.
What is the price-to-book ratio of GSWO?
The holdings of GSWO trade at 5.73 times book value, with a combined return on equity of 22.5%.
Which sector in GSWO has the highest P/E?
Real Estate has the highest P/E at 44.1 and Financial Services the lowest at 14.7.