JPMorgan Equity Premium Income ETF (JEPI) Valuation
JEPI valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 25.3 trailing earnings
- Forward P/E
- 19.1 analyst estimates
- Price / sales
- 3.32
- Price / book
- 5.27
- EV / EBITDA
- 16.4
- Earnings yield
- 3.96% inverse of P/E
- Dividend yield
- 1.41% of the holdings
- Return on equity
- 20.9% combined
- Net margin
- 13.1% combined
- Beta
- 0.91 weighted, vs S&P 500
JEPI valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| JEPI | 25.3 | 19.1 | 3.32 | 5.27 | 1.41% | 20.9% | 13.1% | 0.4% |
| 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.
JEPI valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 15.0% | 31.6 | 20.8 | 7.89 | 12.09 | 0.55% | 38.3% |
| Healthcare | 11.9% | 32.3 | 17.9 | 2.26 | 5.37 | 1.51% | 16.6% |
| Industrials | 11.7% | 31.7 | 22.1 | 3.29 | 6.90 | 1.23% | 21.8% |
| Financial Services | 10.0% | 18.8 | 15.9 | 3.92 | 3.42 | 1.02% | 18.2% |
| Consumer Cyclical | 9.3% | 23.4 | 22.3 | 2.61 | 12.06 | 0.96% | 51.6% |
| Consumer Defensive | 8.8% | 27.6 | 21.4 | 2.32 | 6.95 | 2.53% | 25.1% |
| Communication Services | 6.6% | 17.4 | 16.0 | 3.14 | 3.39 | 1.38% | 19.4% |
| Utilities | 4.9% | 21.4 | 17.2 | 4.34 | 2.34 | 3.01% | 10.9% |
| Energy | 3.1% | 14.8 | 11.5 | 2.77 | 2.39 | 2.41% | 16.2% |
| Real Estate | 1.9% | 62.2 | 53.8 | 8.63 | 5.15 | 2.40% | 8.3% |
| Basic Materials | 1.3% | 37.1 | 28.2 | 4.68 | 6.58 | 0.98% | 17.7% |
JEPI 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 JEPI weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
JEPI largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| V | Visa Inc. | 1.94% | 34.3 | 24.0 | 17.0 | 0.67% | 1.69% |
| MSFT | Microsoft Corporation | 1.92% | 29.5 | 25.1 | 11.8 | 0.74% | 1.94% |
| AAPL | Apple Inc. | 1.90% | 39.4 | 35.2 | 10.7 | 0.31% | 1.44% |
| MA | Mastercard Incorporated | 1.89% | 34.0 | 24.2 | 15.4 | 0.56% | 1.67% |
| AMZN | Amazon.com, Inc. | 1.89% | 20.1 | 23.6 | 3.5 | — | 2.81% |
| NEE | NextEra Energy, Inc. | 1.85% | 17.9 | 17.7 | 5.8 | 3.12% | 3.08% |
| MMM | 3M Company | 1.84% | 29.3 | 17.8 | 3.4 | 1.89% | 1.88% |
| NVDA | NVIDIA Corporation | 1.80% | 27.1 | 24.9 | 17.1 | 0.47% | 1.99% |
| EOG | EOG Resources, Inc. | 1.76% | 12.3 | 10.1 | 3.1 | 2.58% | 4.28% |
| TT | Trane Technologies plc | 1.75% | 34.2 | 25.2 | 4.5 | 0.92% | 1.53% |
| JNJ | Johnson & Johnson | 1.74% | 38.8 | 21.0 | 6.2 | 2.10% | 1.34% |
| ABBV | AbbVie Inc. | 1.70% | 80.6 | 16.4 | 7.8 | 2.42% | 0.63% |
| PM | Philip Morris International Inc. | 1.67% | 29.5 | 20.9 | 7.5 | 3.12% | 1.69% |
| GOOGL | Alphabet Inc. | 1.64% | 17.1 | 22.8 | 9.3 | 0.26% | 2.86% |
| COST | Costco Wholesale Corporation | 1.62% | 47.6 | 40.3 | 1.4 | 0.59% | 1.02% |
| LOW | Lowe's Companies, Inc. | 1.59% | 16.7 | 15.6 | 1.2 | 2.53% | 2.85% |
| META | Meta Platforms, Inc. | 1.57% | 26.7 | 22.1 | 7.9 | 0.30% | 1.76% |
| AVGO | Broadcom Inc. | 1.56% | 43.3 | 19.4 | 17.6 | 0.79% | 1.07% |
| MDLZ | Mondelez International, Inc. | 1.38% | 23.5 | 18.2 | 2.1 | 3.25% | 1.76% |
| ROST | Ross Stores, Inc. | 1.25% | 28.6 | 27.4 | 3.1 | 0.75% | 1.30% |
| LRCX | Lam Research Corporation | 1.21% | 45.8 | 33.7 | 14.2 | 0.50% | 0.79% |
| RTX | RTX Corporation | 1.20% | 34.1 | 24.6 | 2.8 | 1.51% | 1.05% |
| ETN | Eaton Corporation plc | 1.18% | 39.8 | 27.6 | 5.1 | 1.12% | 0.89% |
| HWM | Howmet Aerospace Inc. | 1.16% | 47.6 | 36.0 | 9.7 | 0.25% | 0.73% |
| ECL | Ecolab Inc. | 1.12% | 38.8 | 29.7 | 4.8 | 1.01% | 0.86% |
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 JEPI valuation
Adding up its 119 holdings with company data, JEPI trades at 25.3 times trailing earnings and 19.1 times analysts' forward estimates, with a price-to-book ratio of 5.27 and a dividend yield of 1.41%. Its earnings yield of 3.96% is 1.37 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 18.5% of the fund and earn 22.3% of its combined profit. By sector, Real Estate is the most expensive at 62.2 times earnings and Energy the cheapest at 14.8. Companies that lost money over the past year are 0.4% 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 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: JEPI chart, JEPI performance, JEPI holdings, JEPI dividends.
JEPI valuation FAQ
What is the P/E ratio of JEPI?
Based on its holdings, JEPI has a trailing P/E of 25.3 and a forward P/E of 19.1 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of JEPI?
The trailing earnings yield is 3.96% (1 ÷ P/E) and the forward earnings yield 5.23%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is JEPI more expensive than the S&P 500?
JEPI trades at 25.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.1 and 19.9.
What is the price-to-book ratio of JEPI?
The holdings of JEPI trade at 5.27 times book value, with a combined return on equity of 20.9%.
Which sector in JEPI has the highest P/E?
Real Estate has the highest P/E at 62.2 and Energy the lowest at 14.8.