JPMorgan U.S. Momentum Factor ETF (JMOM) Valuation
JMOM valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 30.8 trailing earnings
- Forward P/E
- 19.3 analyst estimates
- Price / sales
- 2.54
- Price / book
- 5.42
- EV / EBITDA
- 17.9
- Earnings yield
- 3.25% inverse of P/E
- Dividend yield
- 1.04% of the holdings
- Return on equity
- 17.6% combined
- Net margin
- 8.3% combined
- Beta
- 1.20 weighted, vs S&P 500
JMOM valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| JMOM | 30.8 | 19.3 | 2.54 | 5.42 | 1.04% | 17.6% | 8.3% | 7.9% |
| 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.
JMOM valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 40.9% | 41.9 | 23.8 | 5.09 | 9.66 | 0.43% | 23.1% |
| Healthcare | 10.6% | 66.1 | 18.7 | 1.70 | 8.56 | 1.28% | 13.0% |
| Industrials | 10.3% | 31.7 | 22.6 | 2.34 | 6.64 | 0.73% | 20.9% |
| Financial Services | 10.0% | 15.2 | 12.8 | 2.67 | 2.24 | 1.73% | 14.7% |
| Consumer Cyclical | 7.2% | 27.5 | 15.3 | 1.10 | 4.34 | 0.97% | 15.8% |
| Consumer Defensive | 5.9% | 29.2 | 23.0 | 1.38 | 7.85 | 1.81% | 26.9% |
| Energy | 4.0% | 20.0 | 11.3 | 1.41 | 3.90 | 1.84% | 19.5% |
| Communication Services | 3.6% | 22.3 | 20.5 | 5.01 | 4.30 | 0.55% | 19.3% |
| Real Estate | 2.3% | 20.3 | 22.0 | 4.53 | 2.51 | 4.43% | 12.4% |
| Utilities | 2.3% | 28.8 | 16.8 | 2.67 | 2.00 | 3.11% | 6.9% |
| Basic Materials | 1.3% | 19.2 | 13.1 | 2.06 | 3.62 | 1.78% | 18.9% |
JMOM 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 JMOM weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
JMOM largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 2.35% | 39.4 | 35.2 | 10.7 | 0.31% | 1.87% |
| AMD | Advanced Micro Devices, Inc. | 2.17% | 134.9 | 39.5 | 20.9 | — | 0.51% |
| MSFT | Microsoft Corporation | 2.07% | 29.5 | 25.1 | 11.8 | 0.74% | 2.20% |
| GOOGL | Alphabet Inc. | 1.98% | 17.1 | 22.8 | 9.3 | 0.26% | 3.65% |
| NVDA | NVIDIA Corporation | 1.95% | 27.1 | 24.9 | 17.1 | 0.47% | 2.26% |
| AVGO | Broadcom Inc. | 1.90% | 43.3 | 19.4 | 17.6 | 0.79% | 1.38% |
| JNJ | Johnson & Johnson | 1.82% | 38.8 | 21.0 | 6.2 | 2.10% | 1.47% |
| MU | Micron Technology, Inc. | 1.79% | 11.8 | 7.0 | 7.5 | 0.07% | 4.75% |
| PLTR | Palantir Technologies Inc. | 1.46% | 160.4 | 85.5 | 72.6 | — | 0.29% |
| WMT | Walmart Inc. | 1.38% | 43.0 | 38.0 | 1.3 | 0.83% | 1.01% |
| COST | Costco Wholesale Corporation | 1.37% | 47.6 | 40.3 | 1.4 | 0.59% | 0.90% |
| ABBV | AbbVie Inc. | 1.29% | 80.6 | 16.4 | 7.8 | 2.42% | 0.50% |
| INTC | Intel Corporation | 1.20% | — | 63.3 | 8.3 | — | −0.89% |
| LLY | Eli Lilly and Company | 1.11% | 42.2 | 24.4 | 14.1 | 0.55% | 0.82% |
| MRK | Merck & Co., Inc. | 1.02% | 115.8 | 15.3 | 5.4 | 2.33% | 0.28% |
| PM | Philip Morris International Inc. | 1.00% | 29.5 | 20.9 | 7.5 | 3.12% | 1.07% |
| PANW | Palo Alto Networks, Inc. | 0.99% | 855.0 | 94.3 | 24.4 | — | 0.04% |
| CAT | Caterpillar Inc. | 0.97% | 31.5 | 25.4 | 4.5 | 0.89% | 0.96% |
| AMAT | Applied Materials, Inc. | 0.92% | 35.3 | 23.4 | 10.5 | 0.52% | 0.82% |
| GCP | General Electric Company | 0.91% | — | — | — | — | — |
| LRCX | Lam Research Corporation | 0.91% | 45.8 | 33.7 | 14.2 | 0.50% | 0.62% |
| GS | The Goldman Sachs Group, Inc. | 0.88% | 12.7 | 12.8 | 3.6 | 2.27% | 2.18% |
| TXN | Texas Instruments Incorporated | 0.87% | 42.1 | 27.5 | 13.0 | 2.20% | 0.65% |
| RTX | RTX Corporation | 0.86% | 34.1 | 24.6 | 2.8 | 1.51% | 0.79% |
| CRWD | CrowdStrike Holdings, Inc. | 0.83% | — | 208.3 | 43.1 | — | 0.01% |
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 JMOM valuation
Adding up its 276 holdings with company data, JMOM trades at 30.8 times trailing earnings and 19.3 times analysts' forward estimates, with a price-to-book ratio of 5.42 and a dividend yield of 1.04%. Its earnings yield of 3.25% is 2.08 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 18.9% of the fund and earn 19.4% of its combined profit. By sector, Healthcare is the most expensive at 66.1 times earnings and Financial Services the cheapest at 15.2. Companies that lost money over the past year are 7.9% 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 98.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: JMOM chart, JMOM performance, JMOM holdings, JMOM dividends.
JMOM valuation FAQ
What is the P/E ratio of JMOM?
Based on its holdings, JMOM has a trailing P/E of 30.8 and a forward P/E of 19.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of JMOM?
The trailing earnings yield is 3.25% (1 ÷ P/E) and the forward earnings yield 5.19%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is JMOM more expensive than the S&P 500?
JMOM trades at 30.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.3 and 19.9.
What is the price-to-book ratio of JMOM?
The holdings of JMOM trade at 5.42 times book value, with a combined return on equity of 17.6%.
Which sector in JMOM has the highest P/E?
Healthcare has the highest P/E at 66.1 and Financial Services the lowest at 15.2.