John Hancock Multifactor Mid Cap ETF (JHMM) Valuation
JHMM valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 24.2 trailing earnings
- Forward P/E
- 14.8 analyst estimates
- Price / sales
- 1.59
- Price / book
- 2.76
- EV / EBITDA
- 12.6
- Earnings yield
- 4.13% inverse of P/E
- Dividend yield
- 1.42% of the holdings
- Return on equity
- 11.4% combined
- Net margin
- 6.6% combined
- Beta
- 1.02 weighted, vs S&P 500
JHMM valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| JHMM | 24.2 | 14.8 | 1.59 | 2.76 | 1.42% | 11.4% | 6.6% | 8.7% |
| 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.
JHMM valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 16.7% | 32.3 | 18.2 | 2.40 | 4.72 | 0.41% | 14.6% |
| Industrials | 16.2% | 29.3 | 18.3 | 1.82 | 4.23 | 0.92% | 14.4% |
| Financial Services | 15.9% | 13.5 | 10.5 | 1.59 | 1.67 | 2.09% | 12.4% |
| Healthcare | 13.8% | 52.1 | 17.3 | 1.64 | 3.66 | 0.28% | 7.0% |
| Consumer Cyclical | 10.6% | 21.6 | 14.0 | 1.03 | 3.42 | 1.51% | 15.9% |
| Real Estate | 5.5% | 28.6 | 22.9 | 2.89 | 2.36 | 3.87% | 8.2% |
| Utilities | 5.1% | 17.8 | 13.9 | 2.18 | 1.88 | 3.23% | 10.5% |
| Energy | 4.8% | 15.2 | 10.8 | 1.92 | 1.68 | 1.83% | 11.1% |
| Consumer Defensive | 4.6% | 39.1 | 13.5 | 0.64 | 2.49 | 2.46% | 6.4% |
| Basic Materials | 3.9% | 27.1 | 13.7 | 1.54 | 2.33 | 1.68% | 8.6% |
| Communication Services | 2.4% | 48.9 | 11.9 | 1.69 | 2.73 | 1.16% | 5.6% |
JHMM 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 JHMM weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
JHMM largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| KEYS | Keysight Technologies, Inc. | 0.50% | 44.8 | 22.4 | 8.6 | — | 0.28% |
| EBAY | eBay Inc. | 0.50% | 25.3 | 16.6 | 4.5 | 1.03% | 0.49% |
| AME | AMETEK, Inc. | 0.47% | 36.3 | 28.2 | 7.2 | 0.55% | 0.32% |
| CAH | Cardinal Health, Inc. | 0.46% | 35.1 | 17.7 | 0.2 | 0.81% | 0.32% |
| NTAP | NetApp, Inc. | 0.46% | 28.7 | 21.4 | 5.4 | 1.02% | 0.39% |
| HIG | The Hartford Financial Services Group, Inc. | 0.46% | 9.6 | 9.2 | 1.2 | 1.78% | 1.18% |
| DVN | Devon Energy Corporation | 0.45% | 11.1 | 9.3 | 3.0 | 2.52% | 1.00% |
| ETR | Entergy Corporation | 0.45% | 26.9 | 19.6 | 3.7 | 2.44% | 0.41% |
| STT | State Street Corporation | 0.44% | 13.5 | 11.9 | 2.9 | 2.22% | 0.80% |
| FIX | Comfort Systems USA, Inc. | 0.44% | 35.4 | 26.0 | 4.5 | 0.25% | 0.30% |
| ROK | Rockwell Automation, Inc. | 0.42% | 39.9 | 29.8 | 5.3 | 1.30% | 0.26% |
| WAB | Westinghouse Air Brake Technologies Corporation | 0.42% | 38.6 | 23.8 | 4.0 | 0.43% | 0.27% |
| LNG | Cheniere Energy, Inc. | 0.40% | 21.9 | 13.5 | 2.9 | 0.77% | 0.46% |
| TER | Teradyne, Inc. | 0.40% | 44.6 | 30.7 | 11.4 | 0.16% | 0.22% |
| FITB | Fifth Third Bancorp | 0.38% | 17.0 | 10.8 | 4.5 | 3.34% | 0.56% |
| STLD | Steel Dynamics, Inc. | 0.38% | 21.8 | 10.0 | 1.7 | 0.88% | 0.43% |
| TWLO | Twilio Inc | 0.37% | 33.8 | 43.7 | 6.7 | — | 0.27% |
| CIEN | Ciena Corporation | 0.37% | 74.4 | 39.8 | 7.8 | — | 0.12% |
| LH | Laboratory Corporation of America Holdings | 0.37% | 26.3 | 16.2 | 1.8 | 0.91% | 0.35% |
| DGX | Quest Diagnostics Incorporated | 0.37% | 24.6 | 19.5 | 2.2 | 1.46% | 0.37% |
| CTSH | Cognizant Technology Solutions Corporation | 0.37% | 14.2 | 9.4 | 1.4 | 2.00% | 0.65% |
| OKTA | Okta, Inc. | 0.37% | 112.8 | 54.3 | 10.7 | — | 0.08% |
| FFIV | F5, Inc. | 0.37% | 35.2 | 24.6 | 7.6 | — | 0.26% |
| WSM | Williams-Sonoma, Inc. | 0.36% | 25.7 | 24.6 | 3.7 | 1.22% | 0.35% |
| UTHR | United Therapeutics Corporation | 0.36% | 19.1 | 16.4 | 7.2 | — | 0.46% |
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 JHMM valuation
Adding up its 640 holdings with company data, JHMM trades at 24.2 times trailing earnings and 14.8 times analysts' forward estimates, with a price-to-book ratio of 2.76 and a dividend yield of 1.42%. Its earnings yield of 4.13% is 1.20 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 4.6% of the fund and earn 5.5% of its combined profit. By sector, Healthcare is the most expensive at 52.1 times earnings and Financial Services the cheapest at 13.5. Companies that lost money over the past year are 8.7% 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 98.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: JHMM chart, JHMM performance, JHMM holdings, JHMM dividends.
JHMM valuation FAQ
What is the P/E ratio of JHMM?
Based on its holdings, JHMM has a trailing P/E of 24.2 and a forward P/E of 14.8 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of JHMM?
The trailing earnings yield is 4.13% (1 ÷ P/E) and the forward earnings yield 6.78%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is JHMM more expensive than the S&P 500?
JHMM trades at 24.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 14.8 and 19.9.
What is the price-to-book ratio of JHMM?
The holdings of JHMM trade at 2.76 times book value, with a combined return on equity of 11.4%.
Which sector in JHMM has the highest P/E?
Healthcare has the highest P/E at 52.1 and Financial Services the lowest at 13.5.