JPMorgan Diversified Return U.S. Mid Cap… (JPME) Valuation
JPME valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 21.4 trailing earnings
- Forward P/E
- 13.5 analyst estimates
- Price / sales
- 1.31
- Price / book
- 2.33
- EV / EBITDA
- 11.6
- Earnings yield
- 4.66% inverse of P/E
- Dividend yield
- 2.29% of the holdings
- Return on equity
- 10.9% combined
- Net margin
- 6.1% combined
- Beta
- 0.86 weighted, vs S&P 500
JPME valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| JPME | 21.4 | 13.5 | 1.31 | 2.33 | 2.29% | 10.9% | 6.1% | 5.8% |
| 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.
JPME valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Healthcare | 11.9% | 26.0 | 14.7 | 1.40 | 3.59 | 0.52% | 13.8% |
| Consumer Defensive | 10.9% | 57.7 | 11.9 | 0.54 | 2.06 | 3.13% | 3.6% |
| Real Estate | 10.9% | 21.6 | 21.5 | 4.28 | 1.92 | 5.23% | 8.9% |
| Utilities | 10.4% | 25.4 | 14.2 | 2.15 | 1.93 | 3.40% | 7.6% |
| Industrials | 10.0% | 22.6 | 17.3 | 1.64 | 3.81 | 1.27% | 16.9% |
| Technology | 9.2% | 29.6 | 15.6 | 1.43 | 3.72 | 0.89% | 12.6% |
| Consumer Cyclical | 8.9% | 14.0 | 12.8 | 0.90 | 3.28 | 1.81% | 23.4% |
| Financial Services | 8.8% | 10.9 | 9.2 | 1.72 | 1.39 | 2.47% | 12.7% |
| Energy | 7.2% | 14.8 | 11.5 | 1.96 | 1.85 | 2.07% | 12.5% |
| Basic Materials | 6.6% | 28.3 | 13.2 | 1.32 | 2.26 | 2.19% | 8.0% |
| Communication Services | 3.9% | 31.8 | 8.9 | 1.27 | 2.04 | 1.61% | 6.4% |
JPME 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 JPME weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
JPME largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| SWKS | Skyworks Solutions, Inc. | 0.73% | 41.3 | 17.8 | 4.7 | — | 0.39% |
| ILMN | Illumina, Inc. | 0.51% | 49.0 | 40.3 | 8.8 | — | 0.23% |
| RVTY | Revvity, Inc. | 0.50% | 73.0 | 24.2 | 5.8 | 0.18% | 0.15% |
| FFIV | F5, Inc. | 0.49% | 35.2 | 24.6 | 7.6 | — | 0.31% |
| COKE | Coca-Cola Consolidated, Inc. | 0.48% | 27.9 | 17.4 | 1.8 | 0.48% | 0.38% |
| HALO | Halozyme Therapeutics, Inc. | 0.48% | 35.6 | 11.5 | 8.3 | — | 0.30% |
| WSM | Williams-Sonoma, Inc. | 0.48% | 25.7 | 24.6 | 3.7 | 1.22% | 0.42% |
| HST | Host Hotels & Resorts, Inc. | 0.48% | 16.2 | 22.2 | 2.7 | 3.34% | 0.66% |
| APA | APA Corporation | 0.48% | 10.4 | 9.4 | 2.0 | 2.03% | 1.02% |
| NTAP | NetApp, Inc. | 0.48% | 28.7 | 21.4 | 5.4 | 1.02% | 0.37% |
| DINO | HF Sinclair Corporation | 0.47% | 11.9 | 10.0 | 0.7 | 1.68% | 0.86% |
| MTCH | Match Group, Inc. | 0.46% | 15.2 | 9.7 | 2.8 | 1.86% | 0.67% |
| VTRS | Viatris Inc. | 0.45% | — | 6.4 | 1.5 | 2.57% | −0.19% |
| HPE | Hewlett Packard Enterprise Company | 0.45% | 28.4 | 13.6 | 1.7 | 1.03% | 0.35% |
| IFF | International Flavors & Fragrances Inc. | 0.44% | 89.8 | 17.7 | 2.1 | 1.76% | 0.11% |
| OVV | Ovintiv Inc. | 0.44% | 19.3 | 9.0 | 2.0 | 1.73% | 0.50% |
| GRMN | Garmin Ltd. | 0.44% | 29.4 | 24.8 | 7.2 | 1.47% | 0.33% |
| ED | Consolidated Edison, Inc. | 0.44% | 18.2 | 16.1 | 2.3 | 3.16% | 0.53% |
| PNW | Pinnacle West Capital Corporation | 0.44% | 19.9 | 16.9 | 2.3 | 3.52% | 0.48% |
| OGE | OGE Energy Corp. | 0.43% | 20.9 | 17.2 | 3.0 | 3.61% | 0.46% |
| MSM | MSC Industrial Direct Co., Inc. | 0.43% | 31.5 | 23.5 | 1.9 | 2.73% | 0.30% |
| EVRG | Evergy, Inc. | 0.43% | 21.2 | 19.5 | 3.2 | 3.34% | 0.45% |
| M | Macy's, Inc. | 0.43% | 8.8 | 9.4 | 0.3 | 3.19% | 1.08% |
| ROKU | Roku, Inc | 0.43% | 65.8 | 39.1 | 4.4 | — | 0.14% |
| EXEL | Exelixis, Inc. | 0.43% | 19.6 | 13.6 | 6.3 | — | 0.48% |
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 JPME valuation
Adding up its 333 holdings with company data, JPME trades at 21.4 times trailing earnings and 13.5 times analysts' forward estimates, with a price-to-book ratio of 2.33 and a dividend yield of 2.29%. Its earnings yield of 4.66% is 0.66 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 5.1% of the fund and earn 4.2% of its combined profit. By sector, Consumer Defensive is the most expensive at 57.7 times earnings and Financial Services the cheapest at 10.9. Companies that lost money over the past year are 5.8% 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 98.2% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: JPME chart, JPME performance, JPME holdings, JPME dividends.
JPME valuation FAQ
What is the P/E ratio of JPME?
Based on its holdings, JPME has a trailing P/E of 21.4 and a forward P/E of 13.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of JPME?
The trailing earnings yield is 4.66% (1 ÷ P/E) and the forward earnings yield 7.43%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is JPME more expensive than the S&P 500?
JPME trades at 21.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 13.5 and 19.9.
What is the price-to-book ratio of JPME?
The holdings of JPME trade at 2.33 times book value, with a combined return on equity of 10.9%.
Which sector in JPME has the highest P/E?
Consumer Defensive has the highest P/E at 57.7 and Financial Services the lowest at 10.9.