ProShares Ultra MidCap400 (MVV) Valuation

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

MVV valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 23.1
Forward P/E: 14.7
Price / sales: 1.50
Price / book: 2.71
EV / EBITDA: 11.9
Earnings yield: 4.34%
Dividend yield: 1.37%
Return on equity: 11.8%
Net margin: 6.5%
Beta: 1.03

MVV valuation vs other stock ETFs

P/E (TTM)Forward P/E

MVV valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
MVV	23.1	14.7	1.50	2.71	1.37%	11.8%	6.5%	7.2%
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.

MVV valuation by sector

P/E (TTM)Forward P/E

MVV valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Industrials	16.5%	33.3	18.2	1.42	3.90	0.83%	11.7%
Technology	12.7%	36.8	17.6	1.84	5.03	0.20%	13.7%
Financial Services	11.4%	12.7	9.7	1.92	1.53	2.28%	12.1%
Consumer Cyclical	8.6%	16.6	12.6	0.83	2.89	1.32%	17.4%
Healthcare	8.6%	47.7	17.8	2.20	4.02	0.08%	8.4%
Real Estate	6.0%	23.5	20.2	3.95	1.90	5.19%	8.1%
Energy	4.6%	14.4	11.5	1.48	1.74	1.80%	12.1%
Basic Materials	4.0%	22.0	14.5	1.54	2.53	1.26%	11.5%
Consumer Defensive	2.8%	24.8	14.8	0.50	3.28	0.43%	13.2%
Utilities	2.4%	24.4	14.0	2.64	1.82	2.89%	7.5%
Communication Services	1.3%	34.1	14.6	2.34	3.35	1.22%	9.8%

MVV earnings yield vs bond yields

MVV earnings yield (forward)

6.82%

MVV earnings yield (trailing)

4.34%

MVV dividend yield

1.37%

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 MVV weight splits by P/E

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

MVV largest holdings: valuation

MVV largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
IQMM	Proshares Genius Money Market ETF	3.35%	—	—	—	—	—
OKTA	Okta, Inc.	0.78%	112.8	54.3	10.7	—	0.21%
FTI	TechnipFMC plc	0.60%	24.3	21.3	2.6	0.29%	0.73%
UTHR	United Therapeutics Corporation	0.58%	19.1	16.4	7.2	—	0.91%
USFD	US Foods Holding Corp.	0.55%	31.4	17.0	0.5	—	0.52%
ATI	ATI Inc.	0.52%	54.4	28.8	5.4	—	0.28%
RS	Reliance Steel & Aluminum Co.	0.51%	23.9	16.4	1.3	1.22%	0.64%
THC	Tenet Healthcare Corporation	0.50%	10.5	12.5	1.0	—	1.41%
ROKU	Roku, Inc	0.50%	65.8	39.1	4.4	—	0.23%
YZ8	Permian Resources Corporation	0.50%	—	—	—	—	—
XPO	XPO Logistics, Inc.	0.49%	54.9	27.0	2.5	—	0.27%
SNX	TD SYNNEX Corporation	0.48%	15.0	12.7	0.3	0.78%	0.96%
ROIV	Roivant Sciences Ltd.	0.48%	—	—	3,215.5	—	−0.23%
NVT	nVent Electric plc	0.47%	39.3	25.1	4.8	0.59%	0.36%
ENTG	Entegris, Inc.	0.47%	69.4	31.6	6.4	0.29%	0.20%
RGLD	Royal Gold, Inc.	0.47%	26.4	24.2	13.1	0.80%	0.53%
OVV	Ovintiv Inc.	0.46%	19.3	9.0	2.0	1.73%	0.72%
DINO	HF Sinclair Corporation	0.44%	11.9	10.0	0.7	1.68%	1.11%
DT	Dynatrace, Inc.	0.43%	122.2	29.6	8.5	—	0.11%
NTNX	Nutanix, Inc.	0.43%	12.9	29.9	6.3	—	0.99%
CW	Curtiss-Wright Corporation	0.42%	34.6	28.4	5.1	0.21%	0.36%
TOST	Toast, Inc.	0.42%	40.0	17.6	2.7	—	0.31%
WWD	Woodward, Inc.	0.41%	36.5	31.6	4.6	0.39%	0.34%
RGA	Reinsurance Group of America, Incorporated	0.41%	11.7	7.7	0.7	1.47%	1.04%
EWBC	East West Bancorp, Inc.	0.41%	12.2	12.7	6.0	2.52%	1.00%

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 MVV valuation

Adding up its 391 holdings with company data, MVV trades at 23.1 times trailing earnings and 14.7 times analysts' forward estimates, with a price-to-book ratio of 2.71 and a dividend yield of 1.37%. Its earnings yield of 4.34% is 0.99 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 8.4% of the fund and earn 6.2% of its combined profit. By sector, Healthcare is the most expensive at 47.7 times earnings and Financial Services the cheapest at 12.7. Companies that lost money over the past year are 7.2% 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 93.3% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

MVV valuation FAQ

What is the P/E ratio of MVV?

Based on its holdings, MVV has a trailing P/E of 23.1 and a forward P/E of 14.7 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of MVV?

The trailing earnings yield is 4.34% (1 ÷ P/E) and the forward earnings yield 6.82%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is MVV more expensive than the S&P 500?

MVV trades at 23.1 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 14.7 and 19.9.

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

The holdings of MVV trade at 2.71 times book value, with a combined return on equity of 11.8%.

Which sector in MVV has the highest P/E?

Healthcare has the highest P/E at 47.7 and Financial Services the lowest at 12.7.