Optimized Equity Income ETF (OEI) Valuation
OEI valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 25.2 trailing earnings
- Forward P/E
- 19.5 analyst estimates
- Price / sales
- 4.56
- Price / book
- 5.81
- EV / EBITDA
- 17.6
- Earnings yield
- 3.97% inverse of P/E
- Dividend yield
- 1.18% of the holdings
- Return on equity
- 23.1% combined
- Net margin
- 18.1% combined
- Beta
- 1.13 weighted, vs S&P 500
OEI valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| OEI | 25.2 | 19.5 | 4.56 | 5.81 | 1.18% | 23.1% | 18.1% | 2.0% |
| 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.
OEI valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 34.1% | 29.5 | 20.6 | 9.39 | 12.62 | 0.62% | 42.8% |
| Financial Services | 13.3% | 16.5 | 15.3 | 4.07 | 2.57 | 1.36% | 15.6% |
| Healthcare | 12.7% | 44.9 | 18.0 | 3.86 | 7.02 | 1.90% | 15.6% |
| Communication Services | 10.7% | 17.4 | 18.4 | 4.74 | 4.60 | 0.90% | 26.5% |
| Consumer Cyclical | 9.7% | 24.5 | 23.5 | 3.71 | 8.78 | 0.78% | 35.9% |
| Consumer Defensive | 6.4% | 29.5 | 25.0 | 2.36 | 10.61 | 2.14% | 36.0% |
| Industrials | 4.0% | 34.5 | 30.4 | 3.28 | 9.15 | 0.77% | 26.5% |
| Energy | 3.9% | 22.3 | 14.9 | 2.07 | 2.36 | 2.64% | 10.6% |
| Real Estate | 0.7% | 40.6 | 33.7 | 8.75 | 1.35 | 5.81% | 3.3% |
| Utilities | 0.5% | 17.9 | 17.7 | 5.80 | 2.81 | 3.12% | 15.7% |
| Basic Materials | 0.4% | 34.3 | 18.1 | 3.86 | 5.18 | 0.86% | 15.1% |
OEI 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 OEI weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
OEI largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 8.37% | 27.1 | 24.9 | 17.1 | 0.47% | 8.07% |
| AAPL | Apple Inc. | 4.57% | 39.4 | 35.2 | 10.7 | 0.31% | 3.03% |
| MSFT | Microsoft Corporation | 4.40% | 29.5 | 25.1 | 11.8 | 0.74% | 3.89% |
| AMZN | Amazon.com, Inc. | 4.16% | 20.1 | 23.6 | 3.5 | — | 5.39% |
| GOOGL | Alphabet Inc. | 3.22% | 17.1 | 22.8 | 9.3 | 0.26% | 4.91% |
| MU | Micron Technology, Inc. | 2.66% | 11.8 | 7.0 | 7.5 | 0.07% | 5.87% |
| GOOG | Alphabet Inc. | 2.59% | 16.9 | 21.8 | 9.2 | 0.26% | 4.00% |
| AVGO | Broadcom Inc. | 2.50% | 43.3 | 19.4 | 17.6 | 0.79% | 1.51% |
| META | Meta Platforms, Inc. | 2.38% | 26.7 | 22.1 | 7.9 | 0.30% | 2.33% |
| XOM | Exxon Mobil Corporation | 2.37% | 23.0 | 14.8 | 2.0 | 2.30% | 2.68% |
| JNJ | Johnson & Johnson | 2.26% | 38.8 | 21.0 | 6.2 | 2.10% | 1.52% |
| ABBV | AbbVie Inc. | 1.83% | 80.6 | 16.4 | 7.8 | 2.42% | 0.59% |
| TSLA | Tesla, Inc. | 1.78% | 328.4 | 158.7 | 13.5 | — | 0.14% |
| LLY | Eli Lilly and Company | 1.77% | 42.2 | 24.4 | 14.1 | 0.55% | 1.10% |
| BRK.B | Berkshire Hathaway Inc. | 1.73% | 13.4 | 22.7 | 3.0 | — | 3.37% |
| MA | Mastercard Incorporated | 1.71% | 34.0 | 24.2 | 15.4 | 0.56% | 1.31% |
| AMD | Advanced Micro Devices, Inc. | 1.57% | 134.9 | 39.5 | 20.9 | — | 0.30% |
| CVX | Chevron Corporation | 1.56% | 21.2 | 15.2 | 2.1 | 3.16% | 1.91% |
| BKNG | Booking Holdings Inc. | 1.48% | 18.1 | 13.3 | 4.3 | 1.03% | 2.14% |
| JPM | JPMorgan Chase & Co. | 1.38% | 14.2 | 13.5 | 4.7 | 1.94% | 2.53% |
| CSCO | Cisco Systems, Inc. | 1.34% | 32.2 | 19.8 | 6.7 | 1.56% | 1.09% |
| V | Visa Inc. | 1.33% | 34.3 | 24.0 | 17.0 | 0.67% | 1.01% |
| WMT | Walmart Inc. | 1.25% | 43.0 | 38.0 | 1.3 | 0.83% | 0.76% |
| PG | The Procter & Gamble Company | 1.25% | 24.1 | 21.2 | 4.3 | 2.73% | 1.36% |
| INTC | Intel Corporation | 1.25% | — | 63.3 | 8.3 | — | −0.77% |
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 OEI valuation
Adding up its 80 holdings with company data, OEI trades at 25.2 times trailing earnings and 19.5 times analysts' forward estimates, with a price-to-book ratio of 5.81 and a dividend yield of 1.18%. Its earnings yield of 3.97% is 1.36 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 37.2% of the fund and earn 41.7% of its combined profit. By sector, Healthcare is the most expensive at 44.9 times earnings and Financial Services the cheapest at 16.5. Companies that lost money over the past year are 2.0% 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 97.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: OEI chart, OEI performance, OEI holdings, OEI dividends.
OEI valuation FAQ
What is the P/E ratio of OEI?
Based on its holdings, OEI has a trailing P/E of 25.2 and a forward P/E of 19.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of OEI?
The trailing earnings yield is 3.97% (1 ÷ P/E) and the forward earnings yield 5.12%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is OEI more expensive than the S&P 500?
OEI trades at 25.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.5 and 19.9.
What is the price-to-book ratio of OEI?
The holdings of OEI trade at 5.81 times book value, with a combined return on equity of 23.1%.
Which sector in OEI has the highest P/E?
Healthcare has the highest P/E at 44.9 and Financial Services the lowest at 16.5.