JPMorgan Market Expansion Enhanced Equity ETF (JMEE) Valuation

NYSE Arca: JMEEP/E, earnings yield and other ratios of the holdings combined.

JMEE valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 26.7
Forward P/E: 14.1
Price / sales: 1.29
Price / book: 2.38
EV / EBITDA: 11.7
Earnings yield: 3.75%
Dividend yield: 1.35%
Return on equity: 8.9%
Net margin: 4.8%
Beta: 1.04

JMEE valuation vs other stock ETFs

P/E (TTM)Forward P/E

JMEE valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
JMEE	26.7	14.1	1.29	2.38	1.35%	8.9%	4.8%	10.9%
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.

JMEE valuation by sector

P/E (TTM)Forward P/E

JMEE valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Industrials	18.7%	30.0	17.8	1.35	3.55	0.84%	11.8%
Financial Services	15.1%	13.3	9.6	1.57	1.38	2.42%	10.3%
Technology	14.7%	42.7	16.2	1.54	3.95	0.20%	9.2%
Consumer Cyclical	11.2%	22.1	11.8	0.71	2.48	1.16%	11.2%
Healthcare	10.0%	121.7	17.5	2.49	3.92	0.09%	3.2%
Real Estate	6.9%	24.5	23.2	3.15	1.81	4.70%	7.4%
Energy	5.3%	16.4	12.0	0.99	1.66	1.76%	10.1%
Basic Materials	4.8%	42.3	12.0	1.19	2.24	1.21%	5.3%
Consumer Defensive	3.9%	138.8	13.5	0.51	2.12	0.88%	1.5%
Communication Services	2.1%	43.9	17.1	1.93	2.34	0.95%	5.3%
Utilities	2.1%	23.5	14.2	2.56	1.98	3.12%	8.4%
Services	0.1%	14.2	15.3	1.60	2.99	2.71%	21.0%

JMEE earnings yield vs bond yields

JMEE earnings yield (forward)

7.10%

JMEE earnings yield (trailing)

3.75%

JMEE dividend yield

1.35%

Bond market yield (AGG)

5.33%

T-bill yield (BIL)

3.91%

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 JMEE weight splits by P/E

Share of the covered weight in companies with a trailing P/E in each range.

JMEE largest holdings: valuation

JMEE largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
OKTA	Okta, Inc.	0.83%	112.8	54.3	10.7	—	0.21%
UTHR	United Therapeutics Corporation	0.75%	19.1	16.4	7.2	—	1.12%
FTI	TechnipFMC plc	0.63%	24.3	21.3	2.6	0.29%	0.75%
NVT	nVent Electric plc	0.56%	39.3	25.1	4.8	0.59%	0.41%
HALO	Halozyme Therapeutics, Inc.	0.55%	35.6	11.5	8.3	—	0.44%
RS	Reliance Steel & Aluminum Co.	0.53%	23.9	16.4	1.3	1.22%	0.63%
DINO	HF Sinclair Corporation	0.51%	11.9	10.0	0.7	1.68%	1.23%
WTS	Watts Water Technologies, Inc.	0.48%	31.2	25.3	4.4	0.64%	0.44%
CW	Curtiss-Wright Corporation	0.45%	34.6	28.4	5.1	0.21%	0.38%
CLH	Clean Harbors, Inc.	0.45%	38.8	34.5	2.7	—	0.33%
THC	Tenet Healthcare Corporation	0.44%	10.5	12.5	1.0	—	1.20%
ATI	ATI Inc.	0.43%	54.4	28.8	5.4	—	0.23%
RGA	Reinsurance Group of America, Incorporated	0.42%	11.7	7.7	0.7	1.47%	1.04%
RBC	RBC Bearings Incorporated	0.42%	49.3	36.9	8.1	—	0.25%
SNX	TD SYNNEX Corporation	0.42%	15.0	12.7	0.3	0.78%	0.80%
JAZZ	Jazz Pharmaceuticals plc	0.42%	14.4	10.9	3.0	—	0.83%
PTGX	Protagonist Therapeutics, Inc.	0.42%	125.0	36.9	29.5	—	0.10%
PNFP	Pinnacle Financial Partners, Inc.	0.41%	13.0	8.2	4.3	2.11%	0.90%
WWD	Woodward, Inc.	0.41%	36.5	31.6	4.6	0.39%	0.32%
DCI	Donaldson Company, Inc.	0.41%	22.8	19.9	2.6	1.41%	0.51%
OGE	OGE Energy Corp.	0.41%	20.9	17.2	3.0	3.61%	0.56%
YZ8	Permian Resources Corporation	0.40%	—	—	—	—	—
OVV	Ovintiv Inc.	0.39%	19.3	9.0	2.0	1.73%	0.59%
USFD	US Foods Holding Corp.	0.39%	31.4	17.0	0.5	—	0.36%
NTNX	Nutanix, Inc.	0.38%	12.9	29.9	6.3	—	0.85%

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 JMEE valuation

Adding up its 658 holdings with company data, JMEE trades at 26.7 times trailing earnings and 14.1 times analysts' forward estimates, with a price-to-book ratio of 2.38 and a dividend yield of 1.35%. Its earnings yield of 3.75% is 1.58 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 5.7% of the fund and earn 6.0% of its combined profit. By sector, Consumer Defensive is the most expensive at 138.8 times earnings and Financial Services the cheapest at 13.3. Companies that lost money over the past year are 10.9% 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 97.2% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

JMEE valuation FAQ

What is the P/E ratio of JMEE?

Based on its holdings, JMEE has a trailing P/E of 26.7 and a forward P/E of 14.1 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of JMEE?

The trailing earnings yield is 3.75% (1 ÷ P/E) and the forward earnings yield 7.10%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is JMEE more expensive than the S&P 500?

JMEE trades at 26.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 14.1 and 19.9.

What is the price-to-book ratio of JMEE?

The holdings of JMEE trade at 2.38 times book value, with a combined return on equity of 8.9%.

Which sector in JMEE has the highest P/E?

Consumer Defensive has the highest P/E at 138.8 and Financial Services the lowest at 13.3.