JPMorgan Diversified Return U.S. Small Cap… (JPSE) Valuation
JPSE valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 32.8 trailing earnings
- Forward P/E
- 13.2 analyst estimates
- Price / sales
- 0.94
- Price / book
- 1.72
- EV / EBITDA
- 6.2
- Earnings yield
- 3.05% inverse of P/E
- Dividend yield
- 2.12% of the holdings
- Return on equity
- 5.2% combined
- Net margin
- 2.9% combined
- Beta
- 0.96 weighted, vs S&P 500
JPSE valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| JPSE | 32.8 | 13.2 | 0.94 | 1.72 | 2.12% | 5.2% | 2.9% | 14.1% |
| 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.
JPSE valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Real Estate | 14.0% | 31.8 | 21.3 | 2.41 | 1.35 | 5.29% | 4.3% |
| Technology | 11.8% | 28.8 | 14.1 | 1.28 | 2.79 | 0.59% | 9.7% |
| Industrials | 10.5% | 26.8 | 12.6 | 1.00 | 2.25 | 1.43% | 8.4% |
| Financial Services | 10.2% | 13.3 | 10.0 | 1.14 | 1.26 | 2.46% | 9.5% |
| Healthcare | 10.0% | 24.5 | 16.5 | 1.93 | 2.95 | 0.10% | 12.0% |
| Basic Materials | 9.5% | 48.5 | 11.7 | 0.80 | 1.90 | 1.19% | 3.9% |
| Energy | 9.1% | 14.2 | 11.1 | 0.72 | 1.48 | 3.20% | 10.4% |
| Consumer Defensive | 8.2% | 272.1 | 11.6 | 0.42 | 1.45 | 1.73% | 0.5% |
| Consumer Cyclical | 7.6% | 14.9 | 11.4 | 0.66 | 1.60 | 1.90% | 10.8% |
| Utilities | 5.1% | 21.8 | 16.4 | 1.96 | 1.62 | 3.25% | 7.5% |
| Communication Services | 2.9% | n/m | 11.8 | 0.37 | 1.33 | 0.42% | −44.9% |
JPSE 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 JPSE weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
JPSE largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| SIG | Signet Jewelers Limited | 0.38% | 13.7 | 9.3 | 0.7 | 1.18% | 0.94% |
| TXG | 10x Genomics, Inc. | 0.38% | — | — | 14.8 | — | −0.10% |
| IDT | IDT Corporation | 0.36% | 23.3 | 12.0 | 1.5 | 0.35% | 0.54% |
| DRH | DiamondRock Hospitality Company | 0.36% | 18.6 | 19.8 | 2.4 | 3.28% | 0.67% |
| PEB | Pebblebrook Hotel Trust | 0.36% | — | 24.6 | 1.5 | 0.21% | −0.43% |
| DGII | Digi International Inc. | 0.35% | 55.5 | 23.9 | 5.2 | — | 0.22% |
| LGND | Ligand Pharmaceuticals Incorporated | 0.35% | 31.1 | 24.8 | 20.3 | — | 0.39% |
| PBF | PBF Energy Inc. | 0.35% | 7.4 | 8.4 | 0.3 | 1.30% | 1.63% |
| APLE | Apple Hospitality REIT, Inc. | 0.35% | 23.0 | 23.5 | 2.8 | 5.63% | 0.52% |
| NWE | NorthWestern Corporation | 0.34% | 27.0 | 17.4 | 2.7 | 3.59% | 0.44% |
| RHP | Ryman Hospitality Properties, Inc. | 0.34% | 30.7 | 25.8 | 3.2 | 3.81% | 0.38% |
| RLJ | RLJ Lodging Trust | 0.34% | — | — | 1.3 | 5.15% | 0.00% |
| COCO_old | Corinthian Colleges Inc | 0.34% | — | — | — | — | — |
| SXT | Sensient Technologies Corporation | 0.34% | 36.0 | 22.7 | 3.3 | 1.23% | 0.32% |
| NTCT | NetScout Systems, Inc. | 0.34% | 23.4 | 15.2 | 3.1 | — | 0.49% |
| BTSG | BrightSpring Health Services, Inc. | 0.34% | 53.9 | 22.2 | 0.8 | — | 0.21% |
| DHT | DHT Holdings, Inc. | 0.33% | 8.0 | 9.2 | 4.8 | 20.68% | 1.43% |
| LAUR | Laureate Education, Inc. | 0.33% | 17.6 | 15.3 | 2.9 | — | 0.65% |
| PARR | Par Pacific Holdings, Inc. | 0.33% | 4.9 | 10.5 | 0.5 | — | 2.35% |
| LTC | LTC Properties, Inc. | 0.33% | 15.6 | 12.5 | 6.9 | 5.22% | 0.73% |
| MTRN | Materion Corporation | 0.33% | 57.2 | 29.7 | 2.4 | 0.24% | 0.20% |
| NUTX | Nutex Health, Inc. | 0.33% | 7.4 | — | 1.5 | — | 1.55% |
| DNOW | NOW Inc. | 0.33% | — | 29.8 | 0.7 | — | −1.12% |
| TNK | Teekay Tankers Ltd. | 0.33% | 5.8 | 8.3 | 2.9 | 1.03% | 1.95% |
| OUT | Outfront Media Inc. | 0.33% | 21.9 | 19.0 | 2.8 | 4.05% | 0.52% |
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 JPSE valuation
Adding up its 507 holdings with company data, JPSE trades at 32.8 times trailing earnings and 13.2 times analysts' forward estimates, with a price-to-book ratio of 1.72 and a dividend yield of 2.12%. Its earnings yield of 3.05% is 2.28 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 3.6% of the fund and earn 4.8% of its combined profit. By sector, Consumer Defensive is the most expensive at 272.1 times earnings and Financial Services the cheapest at 13.3. Companies that lost money over the past year are 14.1% 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 95.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: JPSE chart, JPSE performance, JPSE holdings, JPSE dividends.
JPSE valuation FAQ
What is the P/E ratio of JPSE?
Based on its holdings, JPSE has a trailing P/E of 32.8 and a forward P/E of 13.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of JPSE?
The trailing earnings yield is 3.05% (1 ÷ P/E) and the forward earnings yield 7.58%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is JPSE more expensive than the S&P 500?
JPSE trades at 32.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 13.2 and 19.9.
What is the price-to-book ratio of JPSE?
The holdings of JPSE trade at 1.72 times book value, with a combined return on equity of 5.2%.
Which sector in JPSE has the highest P/E?
Consumer Defensive has the highest P/E at 272.1 and Financial Services the lowest at 13.3.