Hotchkis & Wiley SMID Cap Diversified Value Fund (HWSM) Valuation
HWSM valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 17.8 trailing earnings
- Forward P/E
- 10.6 analyst estimates
- Price / sales
- 1.01
- Price / book
- 1.72
- EV / EBITDA
- 8.9
- Earnings yield
- 5.63% inverse of P/E
- Dividend yield
- 2.09% of the holdings
- Return on equity
- 9.7% combined
- Net margin
- 5.7% combined
- Beta
- 0.87 weighted, vs S&P 500
HWSM valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| HWSM | 17.8 | 10.6 | 1.01 | 1.72 | 2.09% | 9.7% | 5.7% | 6.6% |
| 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.
HWSM valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 25.1% | 10.5 | 8.5 | 1.58 | 1.23 | 2.44% | 11.7% |
| Technology | 15.3% | 19.3 | 11.6 | 1.54 | 2.85 | 0.85% | 14.7% |
| Consumer Cyclical | 14.8% | 13.3 | 8.9 | 0.47 | 1.87 | 1.89% | 14.1% |
| Industrials | 10.1% | 48.3 | 15.4 | 0.89 | 2.61 | 1.84% | 5.4% |
| Healthcare | 9.0% | 28.3 | 13.4 | 0.90 | 2.27 | 0.42% | 8.0% |
| Energy | 7.2% | 15.6 | 10.9 | 1.56 | 1.59 | 2.41% | 10.2% |
| Utilities | 6.4% | 18.8 | 14.5 | 2.07 | 1.53 | 4.19% | 8.1% |
| Basic Materials | 3.6% | 22.9 | 11.1 | 0.84 | 1.97 | 2.26% | 8.6% |
| Consumer Defensive | 3.4% | n/m | 9.4 | 1.01 | 1.16 | 4.38% | −7.6% |
| Real Estate | 3.1% | 40.6 | 20.8 | 1.17 | 1.63 | 3.40% | 4.0% |
| Communication Services | 1.2% | n/m | 5.5 | 0.62 | 1.80 | 3.83% | −4.6% |
HWSM 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 HWSM weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
HWSM largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| WDAY | Workday, Inc. | 2.21% | 38.9 | 17.7 | 4.5 | — | 1.04% |
| GEHC | GE HealthCare Technologies Inc. | 1.87% | 16.0 | 12.1 | 1.5 | 0.23% | 2.13% |
| FFIV | F5, Inc. | 1.84% | 35.2 | 24.6 | 7.6 | — | 0.95% |
| APA | APA Corporation | 1.68% | 10.4 | 9.4 | 2.0 | 2.03% | 2.95% |
| PPG | PPG Industries, Inc. | 1.60% | 15.4 | 12.4 | 1.5 | 2.76% | 1.89% |
| D | Dominion Energy, Inc. | 1.42% | 22.0 | 15.9 | 3.1 | 4.20% | 1.18% |
| AIG | American International Group, Inc. | 1.30% | 14.8 | 8.5 | 1.6 | 2.48% | 1.61% |
| FGXXX | First American Funds Inc. - Government Obligations Fund | 1.28% | — | — | — | — | — |
| HST | Host Hotels & Resorts, Inc. | 1.14% | 16.2 | 22.2 | 2.7 | 3.34% | 1.28% |
| ACGL | Arch Capital Group Ltd. | 1.09% | 7.9 | 9.6 | 1.8 | — | 2.50% |
| ES | Eversource Energy | 1.02% | 17.3 | 13.3 | 1.8 | 4.71% | 1.08% |
| CRBG | Corebridge Financial, Inc. | 1.01% | 21.7 | 6.0 | 0.8 | 2.90% | 0.85% |
| MG | Magna International Inc | 0.99% | — | — | — | — | — |
| WAL | Western Alliance Bancorporation | 0.96% | 8.4 | 6.6 | 2.3 | 2.25% | 2.09% |
| ALLY | Ally Financial Inc. | 0.96% | 8.9 | 6.0 | 1.5 | 3.18% | 1.98% |
| ERIC | Telefonaktiebolaget LM Ericsson (publ) | 0.96% | 17.0 | 18.0 | 1.4 | 3.03% | 1.03% |
| FCNCA | First Citizens BancShares, Inc. | 0.95% | 11.4 | 10.8 | 2.6 | 0.40% | 1.53% |
| SYF | Synchrony Financial | 0.95% | 7.5 | 6.7 | 2.4 | 1.85% | 2.30% |
| NFG | National Fuel Gas Company | 0.94% | 11.1 | 9.8 | 3.0 | 2.78% | 1.54% |
| BEN | Franklin Resources, Inc. | 0.91% | 21.1 | 10.3 | 1.7 | 4.26% | 0.79% |
| FLR | Fluor Corporation | 0.78% | — | 16.5 | 0.4 | — | −3.61% |
| MAT | Mattel, Inc. | 0.77% | 12.6 | 8.5 | 0.9 | — | 1.11% |
| POOL | Pool Corporation | 0.69% | 15.8 | 17.1 | 1.2 | 3.01% | 0.80% |
| STZ | Constellation Brands, Inc. | 0.68% | 11.8 | 10.0 | 2.4 | 3.14% | 1.06% |
| MKL | Markel Corporation | 0.68% | 10.2 | 15.2 | 1.4 | — | 1.21% |
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 HWSM valuation
Adding up its 169 holdings with company data, HWSM trades at 17.8 times trailing earnings and 10.6 times analysts' forward estimates, with a price-to-book ratio of 1.72 and a dividend yield of 2.09%. Its earnings yield of 5.63% is 0.30 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 15.4% of the fund and earn 16.6% of its combined profit. By sector, Industrials is the most expensive at 48.3 times earnings and Financial Services the cheapest at 10.5. Companies that lost money over the past year are 6.6% 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 96.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: HWSM chart, HWSM performance, HWSM holdings, HWSM dividends.
HWSM valuation FAQ
What is the P/E ratio of HWSM?
Based on its holdings, HWSM has a trailing P/E of 17.8 and a forward P/E of 10.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of HWSM?
The trailing earnings yield is 5.63% (1 ÷ P/E) and the forward earnings yield 9.47%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is HWSM more expensive than the S&P 500?
HWSM trades at 17.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 10.6 and 19.9.
What is the price-to-book ratio of HWSM?
The holdings of HWSM trade at 1.72 times book value, with a combined return on equity of 9.7%.
Which sector in HWSM has the highest P/E?
Industrials has the highest P/E at 48.3 and Financial Services the lowest at 10.5.