John Hancock Exchange-Traded Fund ETF (JHAC) Valuation
JHAC valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 24.7 trailing earnings
- Forward P/E
- 16.9 analyst estimates
- Price / sales
- 1.83
- Price / book
- 3.15
- EV / EBITDA
- 8.9
- Earnings yield
- 4.05% inverse of P/E
- Dividend yield
- 1.23% of the holdings
- Return on equity
- 12.7% combined
- Net margin
- 7.4% combined
- Beta
- 1.24 weighted, vs S&P 500
JHAC valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| JHAC | 24.7 | 16.9 | 1.83 | 3.15 | 1.23% | 12.7% | 7.4% | 4.9% |
| 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.
JHAC valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 27.4% | 29.4 | 21.0 | 7.68 | 8.05 | 0.71% | 27.4% |
| Consumer Cyclical | 22.6% | 26.9 | 14.6 | 0.64 | 1.86 | 1.44% | 6.9% |
| Financial Services | 15.3% | 15.8 | 13.8 | 3.65 | 2.17 | 2.21% | 13.8% |
| Communication Services | 9.9% | 21.5 | 22.0 | 6.68 | 5.39 | 0.17% | 25.0% |
| Industrials | 6.4% | 28.7 | 17.5 | 3.14 | 3.67 | 0.82% | 12.8% |
| Healthcare | 6.3% | 268.0 | 16.8 | 1.00 | 2.26 | 0.61% | 0.8% |
| Energy | 4.9% | 21.9 | 13.5 | 2.86 | 9.13 | 0.77% | 41.7% |
| Real Estate | 3.3% | 26.9 | 20.3 | 8.18 | 4.13 | 4.89% | 15.3% |
| Consumer Defensive | 1.5% | 17.8 | 15.6 | 2.60 | 1.62 | 1.63% | 9.1% |
| Basic Materials | 1.0% | 20.5 | 11.3 | 1.39 | 2.75 | 0.00% | 13.4% |
JHAC 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 JHAC weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
JHAC largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AMZN | Amazon.com, Inc. | 8.31% | 20.1 | 23.6 | 3.5 | — | 11.05% |
| NVDA | NVIDIA Corporation | 6.54% | 27.1 | 24.9 | 17.1 | 0.47% | 6.47% |
| GOOGL | Alphabet Inc. | 5.85% | 17.1 | 22.8 | 9.3 | 0.26% | 9.16% |
| LEN | Lennar Corporation | 4.73% | 14.6 | 15.7 | 0.6 | 2.59% | 8.66% |
| AAPL | Apple Inc. | 4.14% | 39.4 | 35.2 | 10.7 | 0.31% | 2.81% |
| KKR | KKR & Co. Inc. | 3.92% | 27.5 | 13.0 | 3.1 | 0.90% | 3.81% |
| MS | Morgan Stanley | 3.88% | 14.3 | 14.9 | 3.6 | 2.55% | 7.26% |
| LNG | Cheniere Energy, Inc. | 3.42% | 21.9 | 13.5 | 2.9 | 0.77% | 4.18% |
| FHB | First Hawaiian, Inc. | 3.21% | 10.8 | 12.2 | 3.4 | 4.17% | 7.91% |
| ADI | Analog Devices, Inc. | 3.17% | 47.0 | 23.2 | 13.8 | 1.11% | 1.81% |
| CCI | Crown Castle Inc. | 3.14% | 33.4 | 21.2 | 8.4 | 5.17% | 2.51% |
| CRM | Salesforce, Inc. | 2.87% | 22.0 | 14.0 | 4.5 | 0.73% | 3.49% |
| URI | United Rentals, Inc. | 2.80% | 24.8 | 18.5 | 3.8 | 0.77% | 3.02% |
| WDAY | Workday, Inc. | 2.66% | 38.9 | 17.7 | 4.5 | — | 1.83% |
| GS | The Goldman Sachs Group, Inc. | 2.34% | 12.7 | 12.8 | 3.6 | 2.27% | 4.95% |
| FWONK | Liberty Media Corporation - Formula One Group | 2.26% | 110.7 | 48.1 | 5.7 | — | 0.55% |
| ORCL | Oracle Corporation | 2.14% | 20.1 | 17.8 | 5.4 | 1.56% | 2.85% |
| GPI | Group 1 Automotive, Inc. | 2.08% | 10.1 | 5.7 | 0.1 | 0.91% | 5.50% |
| PH | Parker-Hannifin Corporation | 1.98% | 33.8 | 27.5 | 5.7 | 0.83% | 1.56% |
| SPGI | S&P Global Inc. | 1.95% | 26.1 | 19.9 | 7.9 | 0.90% | 1.99% |
| HOLX | Hologic Inc | 1.87% | — | — | — | — | — |
| TXN | Texas Instruments Incorporated | 1.70% | 42.1 | 27.5 | 13.0 | 2.20% | 1.08% |
| RRX | Regal Rexnord Corporation | 1.59% | 31.7 | 11.4 | 1.7 | 0.91% | 1.34% |
| ELV | Elevance Health Inc. | 1.57% | 19.0 | 13.7 | 0.5 | 1.61% | 2.22% |
| BUD | Anheuser-Busch InBev SA/NV | 1.52% | 17.8 | 15.6 | 2.6 | 1.63% | 2.28% |
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 JHAC valuation
Adding up its 42 holdings with company data, JHAC trades at 24.7 times trailing earnings and 16.9 times analysts' forward estimates, with a price-to-book ratio of 3.15 and a dividend yield of 1.23%. Its earnings yield of 4.05% is 1.28 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 47.2% of the fund and earn 63.1% of its combined profit. By sector, Healthcare is the most expensive at 268.0 times earnings and Financial Services the cheapest at 15.8. Companies that lost money over the past year are 4.9% 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 93.7% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: JHAC chart, JHAC performance, JHAC holdings, JHAC dividends.
JHAC valuation FAQ
What is the P/E ratio of JHAC?
Based on its holdings, JHAC has a trailing P/E of 24.7 and a forward P/E of 16.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of JHAC?
The trailing earnings yield is 4.05% (1 ÷ P/E) and the forward earnings yield 5.91%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is JHAC more expensive than the S&P 500?
JHAC trades at 24.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 16.9 and 19.9.
What is the price-to-book ratio of JHAC?
The holdings of JHAC trade at 3.15 times book value, with a combined return on equity of 12.7%.
Which sector in JHAC has the highest P/E?
Healthcare has the highest P/E at 268.0 and Financial Services the lowest at 15.8.