LeaderShares AlphaFactor Tactical Focused ETF (LSAT) Valuation
LSAT valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 16.5 trailing earnings
- Forward P/E
- 10.0 analyst estimates
- Price / sales
- 1.27
- Price / book
- 2.31
- EV / EBITDA
- 7.5
- Earnings yield
- 6.07% inverse of P/E
- Dividend yield
- 1.99% of the holdings
- Return on equity
- 14.0% combined
- Net margin
- 7.7% combined
- Beta
- 0.93 weighted, vs S&P 500
LSAT valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| LSAT | 16.5 | 10.0 | 1.27 | 2.31 | 1.99% | 14.0% | 7.7% | 10.1% |
| 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.
LSAT valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 24.0% | 36.1 | 7.2 | 0.97 | 1.53 | 4.21% | 4.2% |
| Consumer Cyclical | 23.2% | 8.7 | 10.3 | 1.22 | 2.09 | 1.71% | 24.0% |
| Technology | 13.3% | 21.8 | 13.3 | 1.93 | 6.46 | 0.40% | 29.7% |
| Industrials | 12.4% | 33.1 | 13.1 | 1.29 | 4.85 | 1.20% | 14.7% |
| Healthcare | 6.7% | 22.2 | 10.7 | 1.60 | 35.60 | 0.00% | 160.1% |
| Communication Services | 6.4% | 22.1 | 13.3 | 3.54 | 10.91 | 1.64% | 49.4% |
| Consumer Defensive | 3.4% | 14.3 | 28.2 | 0.41 | 1.12 | 0.00% | 7.8% |
| Energy | 3.4% | 7.0 | 4.4 | 1.89 | 0.62 | 2.23% | 8.9% |
| Real Estate | 3.3% | 89.5 | 33.8 | 6.48 | 2.51 | 3.79% | 2.8% |
| Basic Materials | 3.2% | 9.0 | 12.2 | 2.36 | 3.52 | 1.99% | 39.3% |
LSAT 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 LSAT weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
LSAT largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| HRB | H&R Block, Inc. | 3.91% | 8.6 | 6.8 | 1.5 | 3.78% | 7.58% |
| MORN | Morningstar, Inc. | 3.77% | 19.7 | 19.8 | 3.0 | 0.96% | 3.17% |
| GDDY | GoDaddy Inc. | 3.77% | 15.8 | 8.7 | 2.6 | — | 3.97% |
| KMPR | Kemper Corporation | 3.60% | — | 8.5 | 0.4 | 4.37% | −17.07% |
| AIG | American International Group, Inc. | 3.56% | 14.8 | 8.5 | 1.6 | 2.48% | 4.00% |
| MTCH | Match Group, Inc. | 3.53% | 15.2 | 9.7 | 2.8 | 1.86% | 3.84% |
| HOG | Harley-Davidson, Inc. | 3.48% | 14.7 | 12.3 | 0.7 | 2.80% | 3.93% |
| HALO | Halozyme Therapeutics, Inc. | 3.45% | 35.6 | 11.5 | 8.3 | — | 1.61% |
| POST | Post Holdings, Inc. | 3.44% | 14.3 | 28.2 | 0.4 | — | 4.00% |
| WU | The Western Union Company | 3.42% | 5.0 | 3.9 | 0.5 | 15.24% | 11.31% |
| SAIC | Science Applications International Corporation | 3.37% | 15.5 | 10.6 | 0.8 | 1.11% | 3.60% |
| SM | SM Energy Company | 3.37% | 7.0 | 4.4 | 1.9 | 2.23% | 7.97% |
| SYF | Synchrony Financial | 3.33% | 7.5 | 6.7 | 2.4 | 1.85% | 7.32% |
| EQH | Equitable Holdings, Inc. | 3.28% | — | 5.8 | 1.4 | 2.14% | −3.45% |
| SUI | Sun Communities, Inc. | 3.26% | 89.5 | 33.8 | 6.5 | 3.79% | 0.61% |
| CHDN | Churchill Downs Incorporated | 3.26% | 13.9 | 22.9 | 1.9 | 0.54% | 3.88% |
| FTV | Fortive Corporation | 3.23% | 30.4 | 17.3 | 4.0 | 0.48% | 1.76% |
| CF | CF Industries Holdings, Inc. | 3.23% | 9.0 | 12.2 | 2.4 | 1.99% | 5.97% |
| TOL | Toll Brothers, Inc. | 3.21% | 10.8 | 10.0 | 1.1 | 0.78% | 4.95% |
| DVA | DaVita Inc. | 3.20% | 15.8 | 10.0 | 0.9 | — | 3.36% |
| DHI | D.R. Horton, Inc. | 3.19% | 12.9 | 11.9 | 1.2 | 1.29% | 4.10% |
| APG | APi Group Corporation | 3.18% | — | 17.9 | 2.1 | — | −0.80% |
| CSL | Carlisle Companies Incorporated | 3.18% | 19.0 | 13.5 | 2.6 | 1.50% | 2.78% |
| BYD | Boyd Gaming Corporation | 3.13% | 3.1 | 8.4 | 1.2 | 1.14% | 17.00% |
| FERG | Ferguson plc | 3.08% | 22.8 | 17.6 | 1.4 | 1.54% | 2.24% |
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 LSAT valuation
Adding up its 30 holdings with company data, LSAT trades at 16.5 times trailing earnings and 10.0 times analysts' forward estimates, with a price-to-book ratio of 2.31 and a dividend yield of 1.99%. Its earnings yield of 6.07% is 0.74 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 35.9% of the fund and earn 26.3% of its combined profit. By sector, Real Estate is the most expensive at 89.5 times earnings and Energy the cheapest at 7.0. Companies that lost money over the past year are 10.1% 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 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: LSAT chart, LSAT performance, LSAT holdings, LSAT dividends.
LSAT valuation FAQ
What is the P/E ratio of LSAT?
Based on its holdings, LSAT has a trailing P/E of 16.5 and a forward P/E of 10.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of LSAT?
The trailing earnings yield is 6.07% (1 ÷ P/E) and the forward earnings yield 9.96%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is LSAT more expensive than the S&P 500?
LSAT trades at 16.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 10.0 and 19.9.
What is the price-to-book ratio of LSAT?
The holdings of LSAT trade at 2.31 times book value, with a combined return on equity of 14.0%.
Which sector in LSAT has the highest P/E?
Real Estate has the highest P/E at 89.5 and Energy the lowest at 7.0.