Unified Series ETF (OALC) Valuation

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

OALC valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 24.5
Forward P/E: 18.5
Price / sales: 3.38
Price / book: 5.14
EV / EBITDA: 16.5
Earnings yield: 4.08%
Dividend yield: 1.17%
Return on equity: 21.0%
Net margin: 13.8%
Beta: 1.14

OALC valuation vs other stock ETFs

P/E (TTM)Forward P/E

OALC valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
OALC	24.5	18.5	3.38	5.14	1.17%	21.0%	13.8%	1.6%
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.

OALC valuation by sector

P/E (TTM)Forward P/E

OALC valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	38.6%	31.3	21.3	6.40	9.64	0.62%	30.8%
Financial Services	13.3%	17.0	16.1	4.11	2.72	1.37%	16.0%
Consumer Cyclical	10.1%	24.3	16.3	1.61	4.91	1.04%	20.2%
Industrials	8.8%	26.8	21.0	2.97	5.81	1.47%	21.7%
Healthcare	8.4%	30.9	16.6	2.91	6.06	1.42%	19.6%
Communication Services	8.1%	16.0	16.6	3.66	3.83	1.29%	24.0%
Consumer Defensive	4.4%	26.2	22.6	1.90	6.78	2.39%	25.9%
Energy	3.3%	21.2	12.8	1.71	2.68	2.35%	12.6%
Utilities	2.3%	20.2	16.6	3.43	2.23	3.13%	11.0%
Basic Materials	0.8%	24.5	17.5	4.43	4.42	1.14%	18.0%
Real Estate	0.6%	26.2	15.4	1.12	4.50	1.98%	17.2%

OALC earnings yield vs bond yields

OALC earnings yield (forward)

5.41%

OALC earnings yield (trailing)

4.08%

OALC 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 OALC weight splits by P/E

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

OALC largest holdings: valuation

OALC largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
NVDA	NVIDIA Corporation	7.92%	27.1	24.9	17.1	0.47%	7.27%
MSFT	Microsoft Corporation	6.44%	29.5	25.1	11.8	0.74%	5.43%
AMZN	Amazon.com, Inc.	3.70%	20.1	23.6	3.5	—	4.57%
GOOGL	Alphabet Inc.	3.18%	17.1	22.8	9.3	0.26%	4.62%
GOOG	Alphabet Inc.	2.52%	16.9	21.8	9.2	0.26%	3.70%
AVGO	Broadcom Inc.	2.33%	43.3	19.4	17.6	0.79%	1.34%
LLY	Eli Lilly and Company	1.87%	42.2	24.4	14.1	0.55%	1.10%
BRK.B	Berkshire Hathaway Inc.	1.65%	13.4	22.7	3.0	—	3.06%
JPM	JPMorgan Chase & Co.	1.64%	14.2	13.5	4.7	1.94%	2.85%
MU	Micron Technology, Inc.	1.63%	11.8	7.0	7.5	0.07%	3.42%
CSCO	Cisco Systems, Inc.	1.50%	32.2	19.8	6.7	1.56%	1.16%
V	Visa Inc.	1.43%	34.3	24.0	17.0	0.67%	1.03%
AMD	Advanced Micro Devices, Inc.	1.38%	134.9	39.5	20.9	—	0.25%
XOM	Exxon Mobil Corporation	1.35%	23.0	14.8	2.0	2.30%	1.45%
KO	The Coca-Cola Company	1.15%	28.2	25.3	8.1	2.26%	1.02%
WMT	Walmart Inc.	1.12%	43.0	38.0	1.3	0.83%	0.64%
MA	Mastercard Incorporated	1.10%	34.0	24.2	15.4	0.56%	0.80%
MRK	Merck & Co., Inc.	1.07%	115.8	15.3	5.4	2.33%	0.23%
MSI	Motorola Solutions, Inc.	1.04%	36.5	23.9	6.3	1.05%	0.71%
PG	The Procter & Gamble Company	0.94%	24.1	21.2	4.3	2.73%	0.97%
HD	The Home Depot, Inc.	0.91%	21.5	19.8	1.8	3.01%	1.05%
BAC	Bank of America Corporation	0.84%	12.2	10.8	3.1	2.50%	1.70%
CVX	Chevron Corporation	0.82%	21.2	15.2	2.1	3.16%	0.96%
PLTR	Palantir Technologies Inc.	0.76%	160.4	85.5	72.6	—	0.12%
MCD	McDonald's Corporation	0.68%	19.7	17.1	6.2	3.18%	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 OALC valuation

Adding up its 209 holdings with company data, OALC trades at 24.5 times trailing earnings and 18.5 times analysts' forward estimates, with a price-to-book ratio of 5.14 and a dividend yield of 1.17%. Its earnings yield of 4.08% is 1.24 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 32.9% of the fund and earn 37.4% of its combined profit. By sector, Technology is the most expensive at 31.3 times earnings and Communication Services the cheapest at 16.0. Companies that lost money over the past year are 1.6% 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 99.5% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

OALC valuation FAQ

What is the P/E ratio of OALC?

Based on its holdings, OALC has a trailing P/E of 24.5 and a forward P/E of 18.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of OALC?

The trailing earnings yield is 4.08% (1 ÷ P/E) and the forward earnings yield 5.41%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is OALC more expensive than the S&P 500?

OALC trades at 24.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 18.5 and 19.9.

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

The holdings of OALC trade at 5.14 times book value, with a combined return on equity of 21.0%.

Which sector in OALC has the highest P/E?

Technology has the highest P/E at 31.3 and Communication Services the lowest at 16.0.