Ballast Small/Mid Cap ETF (MGMT) Valuation
MGMT valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 27.3 trailing earnings
- Forward P/E
- 11.3 analyst estimates
- Price / sales
- 1.32
- Price / book
- 1.99
- EV / EBITDA
- 9.5
- Earnings yield
- 3.66% inverse of P/E
- Dividend yield
- 1.15% of the holdings
- Return on equity
- 7.3% combined
- Net margin
- 4.8% combined
- Beta
- 0.88 weighted, vs S&P 500
MGMT valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| MGMT | 27.3 | 11.3 | 1.32 | 1.99 | 1.15% | 7.3% | 4.8% | 12.6% |
| 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.
MGMT valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Industrials | 19.4% | 38.5 | 17.0 | 1.29 | 3.56 | 0.92% | 9.2% |
| Technology | 18.9% | 18.7 | 15.5 | 2.39 | 4.16 | 0.41% | 22.2% |
| Financial Services | 15.0% | 9.9 | 8.8 | 3.32 | 1.35 | 1.51% | 13.7% |
| Energy | 14.9% | n/m | 6.7 | 2.00 | 1.80 | 1.94% | −12.1% |
| Basic Materials | 9.8% | 34.9 | 13.9 | 1.00 | 1.61 | 0.87% | 4.6% |
| Consumer Cyclical | 7.8% | 22.0 | 12.6 | 0.56 | 1.91 | 1.28% | 8.7% |
| Healthcare | 6.3% | n/m | 7.9 | 1.41 | 1.71 | 0.12% | −4.6% |
| Consumer Defensive | 3.4% | 20.2 | 22.3 | 1.39 | 3.10 | 0.36% | 15.4% |
| Communication Services | 3.1% | 3.9 | 8.2 | 0.46 | 0.74 | 2.17% | 19.2% |
| Real Estate | 1.5% | 17.9 | 19.3 | 5.78 | 1.89 | 6.68% | 10.6% |
MGMT 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 MGMT weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
MGMT largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NRP | Natural Resource Partners L.P. | 5.27% | 14.3 | 6.2 | 7.2 | 2.67% | 11.25% |
| WSTG | Wayside Technology Group Inc | 4.69% | — | — | — | — | — |
| CBNK | Capital Bancorp, Inc. | 3.23% | 11.6 | 8.3 | 2.7 | 1.26% | 8.48% |
| AGM | Federal Agricultural Mortgage Corporation | 3.13% | 11.2 | 9.4 | 5.4 | 3.09% | 8.59% |
| AZZ | AZZ Inc. | 2.91% | 23.3 | 20.3 | 2.2 | 0.74% | 3.82% |
| KOS | Kosmos Energy Ltd. | 2.84% | — | 4.7 | 1.0 | — | −34.96% |
| G | Genpact Limited | 2.80% | 11.1 | 18.3 | 1.2 | 2.01% | 7.72% |
| MBIN | Merchants Bancorp | 2.73% | 9.8 | — | 3.5 | 0.90% | 8.53% |
| CVCO | Cavco Industries, Inc. | 2.61% | 22.7 | 29.5 | 1.7 | — | 3.52% |
| CCSI | Consensus Cloud Solutions, Inc. | 2.59% | 7.7 | 5.9 | 1.8 | — | 10.32% |
| PAYS | PaySign, Inc. | 2.46% | 54.8 | 29.6 | 8.3 | — | 1.38% |
| TPB | Turning Point Brands, Inc. | 2.43% | 27.0 | 38.2 | 2.5 | 0.51% | 2.75% |
| MTUS | Metallus Inc. | 2.39% | 108.2 | 14.2 | 0.7 | — | 0.68% |
| BCO | The Brink's Company | 2.36% | 24.3 | 17.3 | 0.8 | 0.97% | 2.97% |
| ECVT | Ecovyst Inc. | 2.28% | 44.7 | 13.5 | 1.3 | — | 1.56% |
| LSTR | Landstar System, Inc. | 2.18% | 44.5 | 22.5 | 1.2 | 1.03% | 1.50% |
| SPSC | SPS Commerce, Inc. | 2.09% | 41.2 | 68.0 | 4.0 | — | 1.55% |
| EPSN | Epsilon Energy Ltd. | 2.01% | — | 15.6 | 2.7 | 4.19% | −2.48% |
| GEO | The GEO Group, Inc. | 1.99% | 13.5 | 19.0 | 1.3 | — | 4.52% |
| BRKR | Bruker Corporation | 1.99% | — | 13.8 | 2.4 | 0.37% | −0.78% |
| CNR | Core Natural Resources, Inc. | 1.93% | 45.6 | 8.9 | 1.1 | 0.44% | 1.29% |
| SOI | Solaris Oilfield Infrastructure Inc | 1.87% | — | — | — | — | — |
| RCMT | RCM Technologies, Inc. | 1.83% | 16.3 | 12.8 | 0.8 | — | 3.43% |
| LCY | Landcadia Holdings III Inc | 1.76% | — | — | — | — | — |
| MMED | MiniMed Group, Inc. | 1.75% | — | — | 1.5 | — | −4.70% |
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 MGMT valuation
Adding up its 48 holdings with company data, MGMT trades at 27.3 times trailing earnings and 11.3 times analysts' forward estimates, with a price-to-book ratio of 1.99 and a dividend yield of 1.15%. Its earnings yield of 3.66% is 1.67 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 32.8% of the fund and earn 28.6% of its combined profit. By sector, Industrials is the most expensive at 38.5 times earnings and Communication Services the cheapest at 3.9. Companies that lost money over the past year are 12.6% 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 89.1% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: MGMT chart, MGMT performance, MGMT holdings, MGMT dividends.
MGMT valuation FAQ
What is the P/E ratio of MGMT?
Based on its holdings, MGMT has a trailing P/E of 27.3 and a forward P/E of 11.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of MGMT?
The trailing earnings yield is 3.66% (1 ÷ P/E) and the forward earnings yield 8.81%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is MGMT more expensive than the S&P 500?
MGMT trades at 27.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 11.3 and 19.9.
What is the price-to-book ratio of MGMT?
The holdings of MGMT trade at 1.99 times book value, with a combined return on equity of 7.3%.
Which sector in MGMT has the highest P/E?
Industrials has the highest P/E at 38.5 and Communication Services the lowest at 3.9.