JPMorgan U.S. Quality Factor ETF (JQUA) Valuation
JQUA valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 25.0 trailing earnings
- Forward P/E
- 18.8 analyst estimates
- Price / sales
- 3.99
- Price / book
- 5.88
- EV / EBITDA
- 17.0
- Earnings yield
- 4.00% inverse of P/E
- Dividend yield
- 1.15% of the holdings
- Return on equity
- 23.5% combined
- Net margin
- 15.9% combined
- Beta
- 0.99 weighted, vs S&P 500
JQUA valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| JQUA | 25.0 | 18.8 | 3.99 | 5.88 | 1.15% | 23.5% | 15.9% | 2.3% |
| 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.
JQUA valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 40.3% | 32.0 | 20.3 | 5.79 | 8.28 | 0.59% | 25.9% |
| Financial Services | 13.3% | 15.9 | 16.3 | 3.21 | 3.00 | 1.00% | 18.9% |
| Healthcare | 9.4% | 36.6 | 17.5 | 5.54 | 7.65 | 1.63% | 20.9% |
| Consumer Cyclical | 9.3% | 20.4 | 17.3 | 2.51 | 12.02 | 1.43% | 58.8% |
| Industrials | 7.7% | 26.5 | 21.5 | 3.12 | 7.05 | 1.41% | 26.6% |
| Communication Services | 6.0% | 22.4 | 19.5 | 5.76 | 5.67 | 0.44% | 25.3% |
| Consumer Defensive | 5.6% | 26.9 | 21.0 | 2.51 | 9.30 | 2.13% | 34.5% |
| Energy | 4.0% | 18.8 | 13.6 | 2.23 | 2.36 | 2.42% | 12.6% |
| Real Estate | 2.0% | 22.1 | 24.6 | 6.66 | 4.56 | 4.41% | 20.6% |
| Basic Materials | 1.5% | 19.9 | 18.6 | 4.75 | 5.09 | 1.66% | 25.6% |
| Utilities | 1.1% | 18.9 | 13.9 | 2.28 | 2.00 | 3.05% | 10.6% |
JQUA 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 JQUA weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
JQUA largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 2.23% | 39.4 | 35.2 | 10.7 | 0.31% | 1.42% |
| MSFT | Microsoft Corporation | 2.13% | 29.5 | 25.1 | 11.8 | 0.74% | 1.81% |
| XOM | Exxon Mobil Corporation | 1.99% | 23.0 | 14.8 | 2.0 | 2.30% | 2.15% |
| V | Visa Inc. | 1.95% | 34.3 | 24.0 | 17.0 | 0.67% | 1.42% |
| NVDA | NVIDIA Corporation | 1.87% | 27.1 | 24.9 | 17.1 | 0.47% | 1.73% |
| AMD | Advanced Micro Devices, Inc. | 1.85% | 134.9 | 39.5 | 20.9 | — | 0.34% |
| META | Meta Platforms, Inc. | 1.83% | 26.7 | 22.1 | 7.9 | 0.30% | 1.71% |
| BRK.B | Berkshire Hathaway Inc. | 1.81% | 13.4 | 22.7 | 3.0 | — | 3.38% |
| GOOGL | Alphabet Inc. | 1.76% | 17.1 | 22.8 | 9.3 | 0.26% | 2.57% |
| AVGO | Broadcom Inc. | 1.68% | 43.3 | 19.4 | 17.6 | 0.79% | 0.97% |
| MU | Micron Technology, Inc. | 1.63% | 11.8 | 7.0 | 7.5 | 0.07% | 3.43% |
| JNJ | Johnson & Johnson | 1.60% | 38.8 | 21.0 | 6.2 | 2.10% | 1.03% |
| MA | Mastercard Incorporated | 1.48% | 34.0 | 24.2 | 15.4 | 0.56% | 1.09% |
| ABBV | AbbVie Inc. | 1.37% | 80.6 | 16.4 | 7.8 | 2.42% | 0.43% |
| PLTR | Palantir Technologies Inc. | 1.33% | 160.4 | 85.5 | 72.6 | — | 0.21% |
| COST | Costco Wholesale Corporation | 1.28% | 47.6 | 40.3 | 1.4 | 0.59% | 0.67% |
| CSCO | Cisco Systems, Inc. | 1.14% | 32.2 | 19.8 | 6.7 | 1.56% | 0.88% |
| PG | The Procter & Gamble Company | 1.11% | 24.1 | 21.2 | 4.3 | 2.73% | 1.15% |
| MRK | Merck & Co., Inc. | 1.07% | 115.8 | 15.3 | 5.4 | 2.33% | 0.23% |
| PANW | Palo Alto Networks, Inc. | 0.91% | 855.0 | 94.3 | 24.4 | — | 0.03% |
| HD | The Home Depot, Inc. | 0.90% | 21.5 | 19.8 | 1.8 | 3.01% | 1.04% |
| TXN | Texas Instruments Incorporated | 0.83% | 42.1 | 27.5 | 13.0 | 2.20% | 0.49% |
| CRWD | CrowdStrike Holdings, Inc. | 0.80% | — | 208.3 | 43.1 | — | 0.01% |
| LIN | Linde plc | 0.75% | 32.2 | 23.6 | 6.5 | 1.28% | 0.58% |
| AMAT | Applied Materials, Inc. | 0.74% | 35.3 | 23.4 | 10.5 | 0.52% | 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 JQUA valuation
Adding up its 301 holdings with company data, JQUA trades at 25.0 times trailing earnings and 18.8 times analysts' forward estimates, with a price-to-book ratio of 5.88 and a dividend yield of 1.15%. Its earnings yield of 4.00% is 1.33 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 19.1% of the fund and earn 17.5% of its combined profit. By sector, Healthcare is the most expensive at 36.6 times earnings and Financial Services the cheapest at 15.9. Companies that lost money over the past year are 2.3% 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 99.8% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: JQUA chart, JQUA performance, JQUA holdings, JQUA dividends.
JQUA valuation FAQ
What is the P/E ratio of JQUA?
Based on its holdings, JQUA has a trailing P/E of 25.0 and a forward P/E of 18.8 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of JQUA?
The trailing earnings yield is 4.00% (1 ÷ P/E) and the forward earnings yield 5.33%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is JQUA more expensive than the S&P 500?
JQUA trades at 25.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 18.8 and 19.9.
What is the price-to-book ratio of JQUA?
The holdings of JQUA trade at 5.88 times book value, with a combined return on equity of 23.5%.
Which sector in JQUA has the highest P/E?
Healthcare has the highest P/E at 36.6 and Financial Services the lowest at 15.9.