LeaderSharesTM AlphaFactor US Core Equity ETF (LSAF) Valuation

NYSE Arca: LSAFP/E, earnings yield and other ratios of the holdings combined.

LSAF valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 16.2
Forward P/E: 12.2
Price / sales: 1.21
Price / book: 3.15
EV / EBITDA: 10.3
Earnings yield: 6.19%
Dividend yield: 1.17%
Return on equity: 19.5%
Net margin: 7.5%
Beta: 0.92

LSAF valuation vs other stock ETFs

P/E (TTM)Forward P/E

LSAF valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
LSAF	16.2	12.2	1.21	3.15	1.17%	19.5%	7.5%	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.

LSAF valuation by sector

P/E (TTM)Forward P/E

LSAF valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Consumer Cyclical	19.3%	13.2	11.1	0.82	3.62	0.92%	27.5%
Financial Services	18.8%	12.3	9.0	1.73	2.10	2.08%	17.1%
Technology	16.2%	18.2	16.1	2.76	4.13	0.41%	22.6%
Healthcare	14.7%	22.8	15.3	0.94	5.80	0.40%	25.5%
Industrials	10.6%	28.6	16.0	1.16	3.55	1.42%	12.4%
Energy	7.4%	12.7	9.1	1.29	1.81	2.06%	14.2%
Consumer Defensive	4.0%	24.5	15.1	0.55	5.73	0.74%	23.4%
Communication Services	3.9%	21.1	13.7	2.18	2.51	1.29%	11.9%
Basic Materials	1.8%	11.1	11.9	3.14	3.65	1.46%	32.9%
Utilities	1.0%	22.0	15.9	3.09	1.93	4.20%	8.8%

LSAF earnings yield vs bond yields

LSAF earnings yield (forward)

8.19%

LSAF earnings yield (trailing)

6.19%

LSAF dividend yield

1.17%

Bond market yield (AGG)

5.33%

T-bill yield (BIL)

3.91%

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 LSAF weight splits by P/E

Share of the covered weight in companies with a trailing P/E in each range.

LSAF largest holdings: valuation

LSAF largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
CART	Instacart (Maplebear Inc.)	1.23%	27.2	13.0	3.0	—	0.75%
GWRE	Guidewire Software, Inc.	1.21%	103.6	34.8	9.4	—	0.19%
COP	ConocoPhillips	1.14%	19.4	12.7	2.7	2.29%	0.98%
TEAM	Atlassian Corporation	1.14%	—	36.2	8.0	—	−0.01%
EOG	EOG Resources, Inc.	1.12%	12.3	10.1	3.1	2.58%	1.52%
MCK	McKesson Corporation	1.11%	26.9	19.7	0.3	0.37%	0.69%
PAYC	Paycom Software, Inc.	1.10%	26.6	16.7	5.3	0.60%	0.69%
ETSY	Etsy, Inc.	1.07%	24.9	14.9	2.7	—	0.72%
ULTA	Ulta Beauty, Inc.	1.06%	21.6	19.6	2.0	—	0.82%
MPC	Marathon Petroleum Corporation	1.06%	16.6	5.5	0.9	0.84%	1.06%
R	Ryder System, Inc.	1.06%	19.4	23.1	0.7	1.69%	0.91%
BILL	Bill.com Holdings, Inc.	1.05%	—	13.4	2.4	—	−0.04%
JKHY	Jack Henry & Associates, Inc.	1.05%	21.9	20.2	4.2	1.59%	0.79%
CHRD	Chord Energy Corporation	1.04%	10.4	—	1.4	3.36%	1.67%
DLTR	Dollar Tree, Inc.	1.04%	15.1	16.9	1.2	—	1.15%
SWK	Stanley Black & Decker, Inc.	1.04%	22.6	14.5	0.9	3.63%	0.77%
D	Dominion Energy, Inc.	1.04%	22.0	15.9	3.1	4.20%	0.79%
MTCH	Match Group, Inc.	1.04%	15.2	9.7	2.8	1.86%	1.14%
LYFT	Lyft, Inc.	1.03%	2.5	9.3	0.9	—	6.91%
EXE	Expand Energy Corporation	1.03%	8.1	9.6	1.8	2.46%	2.13%
REGN	Regeneron Pharmaceuticals, Inc.	1.02%	19.6	14.5	5.2	0.48%	0.87%
FTV	Fortive Corporation	1.02%	30.4	17.3	4.0	0.48%	0.56%
KR	The Kroger Co.	1.02%	35.4	11.3	0.3	2.45%	0.48%
CCK	Crown Holdings, Inc.	1.02%	16.4	12.1	0.9	1.15%	1.03%
DBX	Dropbox, Inc.	1.02%	19.7	10.8	3.1	—	0.86%

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 LSAF valuation

Adding up its 99 holdings with company data, LSAF trades at 16.2 times trailing earnings and 12.2 times analysts' forward estimates, with a price-to-book ratio of 3.15 and a dividend yield of 1.17%. Its earnings yield of 6.19% is 0.86 points above the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 11.2% of the fund and earn 7.4% of its combined profit. By sector, Industrials is the most expensive at 28.6 times earnings and Basic Materials the cheapest at 11.1. 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 99.1% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

LSAF valuation FAQ

What is the P/E ratio of LSAF?

Based on its holdings, LSAF has a trailing P/E of 16.2 and a forward P/E of 12.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of LSAF?

The trailing earnings yield is 6.19% (1 ÷ P/E) and the forward earnings yield 8.19%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is LSAF more expensive than the S&P 500?

LSAF trades at 16.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 12.2 and 19.9.

What is the price-to-book ratio of LSAF?

The holdings of LSAF trade at 3.15 times book value, with a combined return on equity of 19.5%.

Which sector in LSAF has the highest P/E?

Industrials has the highest P/E at 28.6 and Basic Materials the lowest at 11.1.