The Hoya Capital Housing ETF (HOMZ) Valuation
HOMZ valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 19.9 trailing earnings
- Forward P/E
- 16.2 analyst estimates
- Price / sales
- 1.46
- Price / book
- 1.84
- EV / EBITDA
- 14.2
- Earnings yield
- 5.03% inverse of P/E
- Dividend yield
- 3.22% of the holdings
- Return on equity
- 9.3% combined
- Net margin
- 7.3% combined
- Beta
- 1.15 weighted, vs S&P 500
HOMZ valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| HOMZ | 19.9 | 16.2 | 1.46 | 1.84 | 3.22% | 9.3% | 7.3% | 5.7% |
| 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.
HOMZ valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Real Estate | 39.9% | 30.7 | 24.5 | 3.21 | 1.67 | 5.92% | 5.4% |
| Consumer Cyclical | 32.3% | 15.0 | 14.2 | 0.84 | 1.85 | 1.29% | 12.4% |
| Industrials | 11.0% | 33.4 | 14.6 | 1.48 | 3.32 | 1.51% | 9.9% |
| Financial Services | 10.1% | 10.4 | 9.4 | 1.44 | 1.33 | 2.73% | 12.8% |
| Basic Materials | 3.5% | 26.2 | 18.9 | 2.81 | 3.75 | 0.52% | 14.3% |
| Technology | 0.9% | 48.3 | 128.2 | 7.22 | 13.83 | 0.00% | 28.6% |
| Communication Services | 0.7% | 134.0 | 9.9 | 2.47 | 1.50 | 0.00% | 1.1% |
HOMZ 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 HOMZ weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
HOMZ largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| HD | The Home Depot, Inc. | 3.40% | 21.5 | 19.8 | 1.8 | 3.01% | 3.36% |
| EQR | Equity Residential | 3.15% | — | — | — | — | — |
| LOW | Lowe's Companies, Inc. | 3.08% | 16.7 | 15.6 | 1.2 | 2.53% | 3.94% |
| WELL | Welltower Inc. | 1.75% | 105.3 | 78.1 | 13.3 | 1.45% | 0.35% |
| PHM | PulteGroup, Inc. | 1.68% | 11.6 | 11.2 | 1.3 | 0.92% | 3.09% |
| UMH | UMH Properties, Inc. | 1.66% | 127.0 | 142.9 | 4.8 | 5.91% | 0.28% |
| TOL | Toll Brothers, Inc. | 1.66% | 10.8 | 10.0 | 1.1 | 0.78% | 3.29% |
| PSA | Public Storage | 1.62% | 28.5 | 27.2 | 11.4 | 4.02% | 1.21% |
| ESS | Essex Property Trust, Inc. | 1.61% | 41.9 | 43.9 | 9.4 | 3.85% | 0.82% |
| MTH | Meritage Homes Corporation | 1.60% | 12.4 | 12.5 | 0.7 | 3.24% | 2.75% |
| CUBE | CubeSmart | 1.59% | 26.7 | 24.4 | 7.7 | 5.44% | 1.27% |
| GRBK | Green Brick Partners, Inc. | 1.59% | 9.2 | 10.6 | 1.3 | — | 3.67% |
| AMH | American Homes 4 Rent | 1.58% | 24.8 | 200.0 | 6.8 | 4.22% | 1.36% |
| ELS | Equity LifeStyle Properties, Inc. | 1.57% | 29.6 | 28.6 | 7.8 | 3.55% | 1.13% |
| DHI | D.R. Horton, Inc. | 1.56% | 12.9 | 11.9 | 1.2 | 1.29% | 2.58% |
| NVR | NVR, Inc. | 1.52% | 15.4 | 14.8 | 1.6 | — | 2.11% |
| INVH | Invitation Homes Inc. | 1.52% | 24.8 | 30.4 | 5.6 | 4.43% | 1.31% |
| EXR | Extra Space Storage Inc. | 1.52% | 30.8 | 29.0 | 8.8 | 4.64% | 1.05% |
| LEN | Lennar Corporation | 1.51% | 14.6 | 15.7 | 0.6 | 2.59% | 2.20% |
| KBH | KB Home | 1.51% | 12.2 | 11.6 | 0.5 | 2.31% | 2.63% |
| MHO | M/I Homes, Inc. | 1.51% | 10.5 | 11.9 | 0.7 | — | 3.07% |
| OHI | Omega Healthcare Investors, Inc. | 1.51% | 16.3 | 10.1 | 11.6 | 5.96% | 1.97% |
| MAA | Mid-America Apartment Communities, Inc. | 1.49% | 34.1 | 33.6 | 6.3 | 5.25% | 0.93% |
| VTR | Ventas, Inc. | 1.49% | 159.0 | 128.2 | 6.9 | 2.42% | 0.20% |
| CPT | Camden Property Trust | 1.48% | 32.5 | 62.5 | 7.2 | 4.30% | 0.97% |
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 HOMZ valuation
Adding up its 91 holdings with company data, HOMZ trades at 19.9 times trailing earnings and 16.2 times analysts' forward estimates, with a price-to-book ratio of 1.84 and a dividend yield of 3.22%. Its earnings yield of 5.03% is 0.29 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 21.2% of the fund and earn 20.4% of its combined profit. By sector, Communication Services is the most expensive at 134.0 times earnings and Financial Services the cheapest at 10.4. Companies that lost money over the past year are 5.7% 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 93.2% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: HOMZ chart, HOMZ performance, HOMZ holdings, HOMZ dividends.
HOMZ valuation FAQ
What is the P/E ratio of HOMZ?
Based on its holdings, HOMZ has a trailing P/E of 19.9 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 HOMZ?
The trailing earnings yield is 5.03% (1 ÷ P/E) and the forward earnings yield 6.16%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is HOMZ more expensive than the S&P 500?
HOMZ trades at 19.9 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 HOMZ?
The holdings of HOMZ trade at 1.84 times book value, with a combined return on equity of 9.3%.
Which sector in HOMZ has the highest P/E?
Communication Services has the highest P/E at 134.0 and Financial Services the lowest at 10.4.