Janus Henderson U.S. Equity Enhanced Income ETF (JUDO) Valuation
JUDO valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 24.3 trailing earnings
- Forward P/E
- 19.0 analyst estimates
- Price / sales
- 4.30
- Price / book
- 6.05
- EV / EBITDA
- 16.7
- Earnings yield
- 4.12% inverse of P/E
- Dividend yield
- 1.22% of the holdings
- Return on equity
- 24.9% combined
- Net margin
- 17.7% combined
- Beta
- 1.11 weighted, vs S&P 500
JUDO valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| JUDO | 24.3 | 19.0 | 4.30 | 6.05 | 1.22% | 24.9% | 17.7% | 0.7% |
| 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.
JUDO valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 39.4% | 29.1 | 21.3 | 8.77 | 12.30 | 0.71% | 42.3% |
| Financial Services | 12.7% | 17.4 | 15.9 | 4.32 | 3.77 | 1.48% | 21.6% |
| Healthcare | 10.8% | 41.0 | 18.7 | 3.39 | 5.82 | 1.70% | 14.2% |
| Communication Services | 9.2% | 17.5 | 17.4 | 4.06 | 3.71 | 1.08% | 21.2% |
| Consumer Cyclical | 8.3% | 21.1 | 19.8 | 3.22 | 7.44 | 0.93% | 35.2% |
| Industrials | 7.5% | 26.7 | 19.8 | 2.52 | 7.70 | 1.16% | 28.8% |
| Consumer Defensive | 4.6% | 24.6 | 21.0 | 2.01 | 9.53 | 2.46% | 38.6% |
| Energy | 3.8% | 16.5 | 12.4 | 2.53 | 2.24 | 2.77% | 13.6% |
| Utilities | 2.1% | 20.4 | 16.6 | 3.09 | 1.95 | 3.32% | 9.6% |
| Basic Materials | 0.9% | 36.1 | 21.8 | 4.22 | 6.03 | 0.92% | 16.7% |
JUDO 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 JUDO weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
JUDO largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 8.46% | 27.1 | 24.9 | 17.1 | 0.47% | 7.65% |
| MSFT | Microsoft Corporation | 7.34% | 29.5 | 25.1 | 11.8 | 0.74% | 6.09% |
| GOOG | Alphabet Inc. | 5.71% | 16.9 | 21.8 | 9.2 | 0.26% | 8.27% |
| AAPL | Apple Inc. | 5.27% | 39.4 | 35.2 | 10.7 | 0.31% | 3.28% |
| AMZN | Amazon.com, Inc. | 4.00% | 20.1 | 23.6 | 3.5 | — | 4.87% |
| AVGO | Broadcom Inc. | 3.08% | 43.3 | 19.4 | 17.6 | 0.79% | 1.74% |
| LLY | Eli Lilly and Company | 2.25% | 42.2 | 24.4 | 14.1 | 0.55% | 1.30% |
| JPM | JPMorgan Chase & Co. | 2.18% | 14.2 | 13.5 | 4.7 | 1.94% | 3.75% |
| MU | Micron Technology, Inc. | 2.15% | 11.8 | 7.0 | 7.5 | 0.07% | 4.44% |
| MA | Mastercard Incorporated | 1.78% | 34.0 | 24.2 | 15.4 | 0.56% | 1.28% |
| V | Visa Inc. | 1.76% | 34.3 | 24.0 | 17.0 | 0.67% | 1.26% |
| CVX | Chevron Corporation | 1.65% | 21.2 | 15.2 | 2.1 | 3.16% | 1.90% |
| JNJ | Johnson & Johnson | 1.56% | 38.8 | 21.0 | 6.2 | 2.10% | 0.98% |
| DIS | The Walt Disney Company | 1.55% | 22.8 | 13.8 | 1.9 | 1.36% | 1.67% |
| PM | Philip Morris International Inc. | 1.55% | 29.5 | 20.9 | 7.5 | 3.12% | 1.29% |
| EOG | EOG Resources, Inc. | 1.39% | 12.3 | 10.1 | 3.1 | 2.58% | 2.77% |
| ABBV | AbbVie Inc. | 1.35% | 80.6 | 16.4 | 7.8 | 2.42% | 0.41% |
| CRM | Salesforce, Inc. | 1.34% | 22.0 | 14.0 | 4.5 | 0.73% | 1.49% |
| UNH | UnitedHealth Group Incorporated | 1.33% | 25.8 | 16.6 | 0.8 | 2.31% | 1.26% |
| TXN | Texas Instruments Incorporated | 1.26% | 42.1 | 27.5 | 13.0 | 2.20% | 0.73% |
| KO | The Coca-Cola Company | 1.24% | 28.2 | 25.3 | 8.1 | 2.26% | 1.08% |
| AXP | American Express Company | 1.23% | 19.0 | 15.1 | 3.0 | 1.21% | 1.58% |
| TGT | Target Corporation | 1.21% | 16.0 | 15.6 | 0.7 | 3.01% | 1.85% |
| PGR | The Progressive Corporation | 1.21% | 11.0 | 12.7 | 1.4 | 0.18% | 2.69% |
| CSCO | Cisco Systems, Inc. | 1.21% | 32.2 | 19.8 | 6.7 | 1.56% | 0.92% |
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 JUDO valuation
Adding up its 68 holdings with company data, JUDO trades at 24.3 times trailing earnings and 19.0 times analysts' forward estimates, with a price-to-book ratio of 6.05 and a dividend yield of 1.22%. Its earnings yield of 4.12% is 1.21 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 42.2% of the fund and earn 42.7% of its combined profit. By sector, Healthcare is the most expensive at 41.0 times earnings and Energy the cheapest at 16.5. Companies that lost money over the past year are 0.7% 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 99.2% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: JUDO chart, JUDO holdings, JUDO dividends.
JUDO valuation FAQ
What is the P/E ratio of JUDO?
Based on its holdings, JUDO has a trailing P/E of 24.3 and a forward P/E of 19.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of JUDO?
The trailing earnings yield is 4.12% (1 ÷ P/E) and the forward earnings yield 5.28%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is JUDO more expensive than the S&P 500?
JUDO trades at 24.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.0 and 19.9.
What is the price-to-book ratio of JUDO?
The holdings of JUDO trade at 6.05 times book value, with a combined return on equity of 24.9%.
Which sector in JUDO has the highest P/E?
Healthcare has the highest P/E at 41.0 and Energy the lowest at 16.5.