ALPS O'Shares U.S. Small-Cap Quality Dividend… (OUSM) Valuation
OUSM valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 17.1 trailing earnings
- Forward P/E
- 13.8 analyst estimates
- Price / sales
- 1.87
- Price / book
- 2.96
- EV / EBITDA
- 11.3
- Earnings yield
- 5.85% inverse of P/E
- Dividend yield
- 1.95% of the holdings
- Return on equity
- 17.3% combined
- Net margin
- 11.0% combined
- Beta
- 0.86 weighted, vs S&P 500
OUSM valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| OUSM | 17.1 | 13.8 | 1.87 | 2.96 | 1.95% | 17.3% | 11.0% | 0.1% |
| 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.
OUSM valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Industrials | 24.1% | 20.5 | 17.7 | 2.48 | 3.97 | 1.57% | 19.4% |
| Financial Services | 19.2% | 12.5 | 11.6 | 3.39 | 2.22 | 2.27% | 17.8% |
| Technology | 17.4% | 24.0 | 14.2 | 1.40 | 2.85 | 1.57% | 11.9% |
| Consumer Cyclical | 14.0% | 14.2 | 11.9 | 1.27 | 3.57 | 2.65% | 25.1% |
| Healthcare | 10.3% | 16.8 | 12.4 | 1.44 | 3.34 | 0.67% | 19.9% |
| Consumer Defensive | 4.8% | 14.7 | 12.7 | 1.29 | 2.09 | 4.01% | 14.2% |
| Communication Services | 4.6% | 25.7 | 17.8 | 3.78 | 5.61 | 1.63% | 21.9% |
| Utilities | 3.2% | 19.0 | 15.3 | 2.41 | 1.58 | 3.57% | 8.3% |
| Basic Materials | 0.8% | 20.7 | 20.0 | 3.13 | 3.82 | 0.93% | 18.5% |
| Energy | 0.5% | 11.1 | 9.8 | 3.02 | 1.90 | 2.78% | 17.1% |
OUSM 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 OUSM weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
OUSM largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| BMI | Badger Meter, Inc. | 2.34% | 29.6 | 26.2 | 4.2 | 1.39% | 1.38% |
| HAS | Hasbro, Inc. | 2.23% | 17.8 | 13.5 | 2.8 | 2.84% | 2.18% |
| CON | Concentra Group Holdings Parent, Inc. | 2.21% | 24.9 | 18.0 | 2.1 | 0.65% | 1.54% |
| UHS | Universal Health Services, Inc. | 2.15% | 7.6 | 7.3 | 0.6 | 0.43% | 4.91% |
| AOS | A. O. Smith Corporation | 2.07% | 16.5 | 13.8 | 2.1 | 2.57% | 2.18% |
| DOX | Amdocs Limited | 2.03% | 14.3 | 7.1 | 1.3 | 3.79% | 2.48% |
| OLED | Universal Display Corporation | 2.03% | 18.8 | 14.9 | 5.9 | 2.57% | 1.88% |
| LECO | Lincoln Electric Holdings, Inc. | 2.02% | 26.2 | 21.2 | 3.2 | 1.33% | 1.35% |
| NHC | National HealthCare Corporation | 2.00% | 27.0 | 9.9 | 2.4 | 1.10% | 1.29% |
| SWKS | Skyworks Solutions, Inc. | 1.99% | 41.3 | 17.8 | 4.7 | — | 0.84% |
| NYT | The New York Times Company | 1.99% | 28.2 | 21.1 | 3.7 | 1.36% | 1.22% |
| EHC | Encompass Health Corporation | 1.98% | 21.4 | 18.9 | 2.0 | 0.66% | 1.61% |
| CHE | Chemed Corporation | 1.96% | 25.8 | 18.2 | 2.6 | 0.55% | 1.32% |
| DLB | Dolby Laboratories, Inc. | 1.91% | 25.5 | 12.6 | 4.1 | 2.40% | 1.30% |
| JKHY | Jack Henry & Associates, Inc. | 1.91% | 21.9 | 20.2 | 4.2 | 1.59% | 1.51% |
| DCI | Donaldson Company, Inc. | 1.87% | 22.8 | 19.9 | 2.6 | 1.41% | 1.42% |
| AVT | Avnet, Inc. | 1.86% | 23.3 | 7.1 | 0.3 | 1.64% | 1.39% |
| SEIC | SEI Investments Company | 1.85% | 18.4 | 15.8 | 5.1 | 1.00% | 1.74% |
| DPZ | Domino's Pizza, Inc. | 1.84% | 17.0 | 14.2 | 2.0 | 2.58% | 1.88% |
| ESNT | Essent Group Ltd. | 1.82% | 9.0 | 8.2 | 4.4 | 2.16% | 3.51% |
| PLUS | ePlus inc. | 1.81% | 20.2 | 17.2 | 1.0 | 1.15% | 1.56% |
| PRI | Primerica, Inc. | 1.79% | 11.4 | 14.0 | 2.5 | 1.70% | 2.74% |
| MTG | MGIC Investment Corporation | 1.79% | 8.7 | 8.7 | 4.8 | 2.44% | 3.58% |
| IDCC | InterDigital, Inc | 1.79% | 37.3 | 29.9 | 10.5 | 0.94% | 0.83% |
| GGG | Graco Inc. | 1.75% | 25.8 | 22.1 | 5.9 | 1.44% | 1.18% |
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 OUSM valuation
Adding up its 107 holdings with company data, OUSM trades at 17.1 times trailing earnings and 13.8 times analysts' forward estimates, with a price-to-book ratio of 2.96 and a dividend yield of 1.95%. Its earnings yield of 5.85% is 0.52 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 21.1% of the fund and earn 20.0% of its combined profit. By sector, Communication Services is the most expensive at 25.7 times earnings and Energy the cheapest at 11.1. Companies that lost money over the past year are 0.1% 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 98.8% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: OUSM chart, OUSM performance, OUSM holdings, OUSM dividends.
OUSM valuation FAQ
What is the P/E ratio of OUSM?
Based on its holdings, OUSM has a trailing P/E of 17.1 and a forward P/E of 13.8 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of OUSM?
The trailing earnings yield is 5.85% (1 ÷ P/E) and the forward earnings yield 7.27%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is OUSM more expensive than the S&P 500?
OUSM trades at 17.1 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 13.8 and 19.9.
What is the price-to-book ratio of OUSM?
The holdings of OUSM trade at 2.96 times book value, with a combined return on equity of 17.3%.
Which sector in OUSM has the highest P/E?
Communication Services has the highest P/E at 25.7 and Energy the lowest at 11.1.