Scharf ETF (KAT) Valuation
KAT valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 24.8 trailing earnings
- Forward P/E
- 16.8 analyst estimates
- Price / sales
- 1.40
- Price / book
- 3.31
- EV / EBITDA
- 11.5
- Earnings yield
- 4.03% inverse of P/E
- Dividend yield
- 1.09% of the holdings
- Return on equity
- 13.3% combined
- Net margin
- 5.6% combined
- Beta
- 0.82 weighted, vs S&P 500
KAT valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| KAT | 24.8 | 16.8 | 1.40 | 3.31 | 1.09% | 13.3% | 5.6% | 4.2% |
| 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.
KAT valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 28.1% | 16.8 | 16.2 | 3.22 | 2.61 | 1.06% | 15.5% |
| Healthcare | 19.3% | 197.4 | 15.8 | 0.47 | 3.41 | 0.98% | 1.7% |
| Technology | 13.2% | 21.4 | 15.5 | 6.83 | 8.28 | 0.50% | 38.8% |
| Industrials | 12.1% | 25.1 | 19.4 | 2.60 | 4.88 | 1.92% | 19.5% |
| Communication Services | 8.2% | 25.1 | 18.1 | 3.70 | 3.18 | 0.69% | 12.7% |
| Energy | 6.0% | 17.7 | 14.6 | 2.61 | 1.68 | 1.80% | 9.5% |
| Consumer Cyclical | 5.6% | 20.1 | 23.6 | 3.48 | 4.87 | 0.00% | 24.2% |
| Consumer Defensive | 1.6% | 23.3 | 17.8 | 2.82 | 7.42 | 3.40% | 31.8% |
KAT 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 KAT weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
KAT largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MSFT | Microsoft Corporation | 6.23% | 29.5 | 25.1 | 11.8 | 0.74% | 6.04% |
| OXY | Occidental Petroleum Corporation | 5.98% | 17.7 | 14.6 | 2.6 | 1.80% | 9.64% |
| AMZN | Amazon.com, Inc. | 5.64% | 20.1 | 23.6 | 3.5 | — | 8.01% |
| UNP | Union Pacific Corporation | 5.52% | 23.4 | 19.3 | 6.8 | 1.97% | 6.73% |
| MCK | McKesson Corporation | 5.21% | 26.9 | 19.7 | 0.3 | 0.37% | 5.53% |
| META | Meta Platforms, Inc. | 5.16% | 26.7 | 22.1 | 7.9 | 0.30% | 5.52% |
| MKL | Markel Corporation | 4.64% | 10.2 | 15.2 | 1.4 | — | 13.02% |
| MRSH | Marsh & McLennan Companies, Inc. | 4.59% | 22.5 | 15.0 | 3.2 | 2.10% | 5.82% |
| V | Visa Inc. | 4.58% | 34.3 | 24.0 | 17.0 | 0.67% | 3.82% |
| CNC | Centene Corporation | 3.63% | — | 11.2 | 0.2 | — | −15.68% |
| K7X | BROOKFIELD CORP. CL.A | 3.41% | — | — | — | — | — |
| FNV | Franco-Nevada Corporation | 3.38% | — | — | — | — | — |
| A | Agilent Technologies, Inc. | 3.19% | 34.1 | 23.9 | 6.6 | 0.59% | 2.67% |
| SCHW | The Charles Schwab Corporation | 3.11% | 15.7 | 12.9 | 5.9 | 1.39% | 5.66% |
| CME | CME Group Inc. | 3.07% | 24.9 | 21.9 | 15.6 | 1.77% | 3.52% |
| ADBE | Adobe Inc. | 3.06% | 13.7 | 8.7 | 3.7 | — | 6.39% |
| DIS | The Walt Disney Company | 3.01% | 22.8 | 13.8 | 1.9 | 1.36% | 3.77% |
| OTIS | Otis Worldwide Corporation | 2.88% | 18.3 | 15.1 | 1.8 | 2.47% | 4.49% |
| CB | Chubb Limited | 2.71% | 12.7 | 11.6 | 2.2 | 1.13% | 6.07% |
| SYK | Stryker Corporation | 2.64% | 30.5 | 16.5 | 4.4 | 1.19% | 2.47% |
| ZTS | Zoetis Inc. | 2.37% | 13.1 | 12.0 | 3.4 | 2.67% | 5.19% |
| 005935 | Samsung Electronics Co Pref | 2.24% | — | — | — | — | — |
| UHAL.B | U-Haul Holding Company | 1.98% | 362.9 | 49.0 | 1.6 | 0.39% | 0.16% |
| UNH | UnitedHealth Group Incorporated | 1.82% | 25.8 | 16.6 | 0.8 | 2.31% | 2.02% |
| LMT | Lockheed Martin Corporation | 1.72% | 20.3 | 16.2 | 1.7 | 2.61% | 2.42% |
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 KAT valuation
Adding up its 26 holdings with company data, KAT trades at 24.8 times trailing earnings and 16.8 times analysts' forward estimates, with a price-to-book ratio of 3.31 and a dividend yield of 1.09%. Its earnings yield of 4.03% is 1.30 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 51.2% of the fund and earn 48.4% of its combined profit. By sector, Healthcare is the most expensive at 197.4 times earnings and Financial Services the cheapest at 16.8. Companies that lost money over the past year are 4.2% 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 89.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: KAT chart, KAT performance, KAT holdings, KAT dividends.
KAT valuation FAQ
What is the P/E ratio of KAT?
Based on its holdings, KAT has a trailing P/E of 24.8 and a forward P/E of 16.8 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of KAT?
The trailing earnings yield is 4.03% (1 ÷ P/E) and the forward earnings yield 5.94%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is KAT more expensive than the S&P 500?
KAT trades at 24.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 16.8 and 19.9.
What is the price-to-book ratio of KAT?
The holdings of KAT trade at 3.31 times book value, with a combined return on equity of 13.3%.
Which sector in KAT has the highest P/E?
Healthcare has the highest P/E at 197.4 and Financial Services the lowest at 16.8.