Janus Henderson Mid Cap Growth Alpha ETF (JMID) Valuation
JMID valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 33.2 trailing earnings
- Forward P/E
- 16.4 analyst estimates
- Price / sales
- 1.76
- Price / book
- 10.00
- EV / EBITDA
- 15.5
- Earnings yield
- 3.01% inverse of P/E
- Dividend yield
- 0.64% of the holdings
- Return on equity
- 30.1% combined
- Net margin
- 5.3% combined
- Beta
- 1.30 weighted, vs S&P 500
JMID valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| JMID | 33.2 | 16.4 | 1.76 | 10.00 | 0.64% | 30.1% | 5.3% | 11.5% |
| 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.
JMID valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 35.2% | 54.2 | 21.4 | 5.92 | 14.74 | 0.19% | 27.2% |
| Consumer Cyclical | 15.6% | 18.7 | 13.4 | 2.02 | 10.46 | 1.11% | 56.0% |
| Industrials | 14.8% | 36.2 | 26.0 | 3.90 | 9.41 | 0.39% | 26.0% |
| Healthcare | 13.0% | 43.5 | 17.6 | 0.56 | 8.97 | 0.26% | 20.6% |
| Energy | 5.5% | 16.9 | 6.4 | 0.87 | 4.89 | 1.12% | 29.0% |
| Financial Services | 5.3% | 125.3 | 11.8 | 2.20 | 7.59 | 1.69% | 6.1% |
| Utilities | 3.0% | 25.6 | 13.3 | 2.66 | 15.41 | 0.61% | 60.1% |
| Communication Services | 2.9% | 28.1 | 20.9 | 4.35 | 4.84 | 0.45% | 17.2% |
| Consumer Defensive | 2.2% | 21.9 | 15.2 | 0.48 | 13.88 | 2.68% | 63.3% |
| Real Estate | 0.4% | 14.5 | 30.7 | 11.24 | 15.03 | 4.33% | 103.7% |
JMID 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 JMID weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
JMID largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MPC | Marathon Petroleum Corporation | 3.90% | 16.6 | 5.5 | 0.9 | 0.84% | 7.94% |
| COR | Cencora | 3.42% | 25.3 | 15.7 | 0.2 | 0.70% | 4.56% |
| VST | Vistra Corp. | 3.00% | 25.6 | 13.3 | 2.7 | 0.61% | 3.94% |
| EXPE | Expedia Group, Inc. | 2.57% | 18.0 | 11.3 | 2.2 | 0.66% | 4.80% |
| ROK | Rockwell Automation, Inc. | 2.35% | 39.9 | 29.8 | 5.3 | 1.30% | 1.98% |
| DXCM | DexCom, Inc. | 2.34% | 34.1 | 28.2 | 6.5 | — | 2.31% |
| IT | Gartner, Inc. | 2.31% | 18.6 | 11.3 | 2.0 | — | 4.19% |
| GDDY | GoDaddy Inc. | 2.28% | 15.8 | 8.7 | 2.6 | — | 4.87% |
| TER | Teradyne, Inc. | 2.27% | 44.6 | 30.7 | 11.4 | 0.16% | 1.71% |
| DDOG | Datadog, Inc. | 2.26% | 494.2 | 84.7 | 22.4 | — | 0.15% |
| KEYS | Keysight Technologies, Inc. | 2.24% | 44.8 | 22.4 | 8.6 | — | 1.69% |
| SYY | Sysco Corporation | 2.21% | 21.9 | 15.2 | 0.5 | 2.68% | 3.40% |
| NTAP | NetApp, Inc. | 2.11% | 28.7 | 21.4 | 5.4 | 1.02% | 2.48% |
| CART | Instacart (Maplebear Inc.) | 2.09% | 27.2 | 13.0 | 3.0 | — | 2.59% |
| HEI.A | HEICO Corporation | 1.98% | 38.8 | 31.7 | 6.3 | 0.11% | 1.72% |
| IDXX | IDEXX Laboratories, Inc. | 1.95% | 39.8 | 31.4 | 9.7 | — | 1.65% |
| NET | Cloudflare, Inc. | 1.84% | — | 178.6 | 42.0 | — | −0.11% |
| HRB | H&R Block, Inc. | 1.83% | 8.6 | 6.8 | 1.5 | 3.78% | 7.21% |
| GEN | Gen Digital Inc. | 1.81% | 14.1 | 9.3 | 2.8 | 2.07% | 4.31% |
| ALAB | Astera Labs, Inc. | 1.80% | 140.8 | 55.6 | 41.3 | — | 0.43% |
| SNOW | Snowflake Inc. | 1.80% | — | 169.5 | 19.9 | — | −0.63% |
| CPAY | Corpay, Inc. | 1.79% | 24.3 | 12.8 | 5.2 | — | 2.48% |
| EXEL | Exelixis, Inc. | 1.75% | 19.6 | 13.6 | 6.3 | — | 3.01% |
| TEAM | Atlassian Corporation | 1.71% | — | 36.2 | 8.0 | — | −0.04% |
| TPR | Tapestry, Inc. | 1.69% | 16.5 | 14.2 | 3.0 | 1.54% | 3.45% |
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 JMID valuation
Adding up its 93 holdings with company data, JMID trades at 33.2 times trailing earnings and 16.4 times analysts' forward estimates, with a price-to-book ratio of 10.00 and a dividend yield of 0.64%. Its earnings yield of 3.01% is 2.32 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 26.7% of the fund and earn 36.5% of its combined profit. By sector, Financial Services is the most expensive at 125.3 times earnings and Real Estate the cheapest at 14.5. Companies that lost money over the past year are 11.5% 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 98.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: JMID chart, JMID performance, JMID holdings, JMID dividends.
JMID valuation FAQ
What is the P/E ratio of JMID?
Based on its holdings, JMID has a trailing P/E of 33.2 and a forward P/E of 16.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of JMID?
The trailing earnings yield is 3.01% (1 ÷ P/E) and the forward earnings yield 6.09%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is JMID more expensive than the S&P 500?
JMID trades at 33.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 16.4 and 19.9.
What is the price-to-book ratio of JMID?
The holdings of JMID trade at 10.00 times book value, with a combined return on equity of 30.1%.
Which sector in JMID has the highest P/E?
Financial Services has the highest P/E at 125.3 and Real Estate the lowest at 14.5.