ALPS O'Shares U.S. Quality Dividend ETF (OUSA) Valuation
OUSA valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 22.2 trailing earnings
- Forward P/E
- 18.4 analyst estimates
- Price / sales
- 3.60
- Price / book
- 6.37
- EV / EBITDA
- 15.6
- Earnings yield
- 4.51% inverse of P/E
- Dividend yield
- 1.81% of the holdings
- Return on equity
- 28.7% combined
- Net margin
- 16.2% combined
- Beta
- 0.78 weighted, vs S&P 500
OUSA valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| OUSA | 22.2 | 18.4 | 3.60 | 6.37 | 1.81% | 28.7% | 16.2% | 0.0% |
| 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.
OUSA valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 25.3% | 29.0 | 21.8 | 6.00 | 8.87 | 1.32% | 30.6% |
| Financial Services | 18.0% | 19.5 | 18.0 | 4.69 | 6.21 | 1.05% | 31.8% |
| Communication Services | 13.5% | 14.0 | 13.7 | 2.27 | 2.68 | 2.17% | 19.1% |
| Healthcare | 13.4% | 29.9 | 16.9 | 3.57 | 7.26 | 2.20% | 24.3% |
| Consumer Cyclical | 12.2% | 21.6 | 19.4 | 2.46 | 23.60 | 2.35% | 109.5% |
| Industrials | 9.7% | 25.1 | 21.5 | 3.26 | 7.71 | 1.76% | 30.7% |
| Consumer Defensive | 6.4% | 24.6 | 20.3 | 3.40 | 9.85 | 2.94% | 40.0% |
| Utilities | 2.0% | 17.9 | 17.7 | 5.80 | 2.81 | 3.12% | 15.7% |
OUSA 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 OUSA weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
OUSA largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 5.24% | 39.4 | 35.2 | 10.7 | 0.31% | 2.94% |
| MSFT | Microsoft Corporation | 5.22% | 29.5 | 25.1 | 11.8 | 0.74% | 3.91% |
| MA | Mastercard Incorporated | 5.14% | 34.0 | 24.2 | 15.4 | 0.56% | 3.34% |
| V | Visa Inc. | 5.08% | 34.3 | 24.0 | 17.0 | 0.67% | 3.28% |
| JNJ | Johnson & Johnson | 4.81% | 38.8 | 21.0 | 6.2 | 2.10% | 2.74% |
| GOOGL | Alphabet Inc. | 4.79% | 17.1 | 22.8 | 9.3 | 0.26% | 6.20% |
| HD | The Home Depot, Inc. | 3.59% | 21.5 | 19.8 | 1.8 | 3.01% | 3.68% |
| TJX | The TJX Companies, Inc. | 3.14% | 27.3 | 24.9 | 2.6 | 1.30% | 2.55% |
| CSCO | Cisco Systems, Inc. | 2.98% | 32.2 | 19.8 | 6.7 | 1.56% | 2.04% |
| MCD | McDonald's Corporation | 2.71% | 19.7 | 17.1 | 6.2 | 3.18% | 3.03% |
| META | Meta Platforms, Inc. | 2.25% | 26.7 | 22.1 | 7.9 | 0.30% | 1.86% |
| ACN | Accenture plc | 2.09% | 16.9 | 12.4 | 1.9 | 2.98% | 2.73% |
| NEE | NextEra Energy, Inc. | 2.02% | 17.9 | 17.7 | 5.8 | 3.12% | 2.49% |
| AMGN | Amgen Inc. | 1.86% | 26.9 | 16.7 | 6.1 | 2.33% | 1.53% |
| T | AT&T Inc. | 1.79% | 7.7 | 9.9 | 1.3 | 4.74% | 5.11% |
| PG | The Procter & Gamble Company | 1.68% | 24.1 | 21.2 | 4.3 | 2.73% | 1.55% |
| LLY | Eli Lilly and Company | 1.50% | 42.2 | 24.4 | 14.1 | 0.55% | 0.78% |
| KO | The Coca-Cola Company | 1.45% | 28.2 | 25.3 | 8.1 | 2.26% | 1.14% |
| TXN | Texas Instruments Incorporated | 1.37% | 42.1 | 27.5 | 13.0 | 2.20% | 0.72% |
| ADP | Automatic Data Processing, Inc. | 1.35% | 26.4 | 22.0 | 5.2 | 2.35% | 1.13% |
| DIS | The Walt Disney Company | 1.32% | 22.8 | 13.8 | 1.9 | 1.36% | 1.28% |
| VZ | Verizon Communications Inc. | 1.30% | 11.7 | 8.7 | 1.3 | 6.32% | 2.47% |
| LOW | Lowe's Companies, Inc. | 1.20% | 16.7 | 15.6 | 1.2 | 2.53% | 1.59% |
| ABBV | AbbVie Inc. | 1.17% | 80.6 | 16.4 | 7.8 | 2.42% | 0.32% |
| ITW | Illinois Tool Works Inc. | 1.10% | 24.7 | 21.9 | 4.7 | 2.53% | 0.98% |
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 OUSA valuation
Adding up its 99 holdings with company data, OUSA trades at 22.2 times trailing earnings and 18.4 times analysts' forward estimates, with a price-to-book ratio of 6.37 and a dividend yield of 1.81%. Its earnings yield of 4.51% is 0.82 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 42.7% of the fund and earn 33.7% of its combined profit. By sector, Healthcare is the most expensive at 29.9 times earnings and Communication Services the cheapest at 14.0. Companies that lost money over the past year are 0.0% 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 99.8% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: OUSA chart, OUSA performance, OUSA holdings, OUSA dividends.
OUSA valuation FAQ
What is the P/E ratio of OUSA?
Based on its holdings, OUSA has a trailing P/E of 22.2 and a forward P/E of 18.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of OUSA?
The trailing earnings yield is 4.51% (1 ÷ P/E) and the forward earnings yield 5.42%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is OUSA more expensive than the S&P 500?
OUSA trades at 22.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 18.4 and 19.9.
What is the price-to-book ratio of OUSA?
The holdings of OUSA trade at 6.37 times book value, with a combined return on equity of 28.7%.
Which sector in OUSA has the highest P/E?
Healthcare has the highest P/E at 29.9 and Communication Services the lowest at 14.0.