Portfolio Building Block US Banks ETF (PBUB) Valuation
PBUB valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 12.6 trailing earnings
- Forward P/E
- 11.0 analyst estimates
- Price / sales
- 3.44
- Price / book
- 1.51
- EV / EBITDA
- —
- Earnings yield
- 7.95% inverse of P/E
- Dividend yield
- 2.44% of the holdings
- Return on equity
- 12.0% combined
- Net margin
- 27.4% combined
- Beta
- 0.99 weighted, vs S&P 500
PBUB valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| PBUB | 12.6 | 11.0 | 3.44 | 1.51 | 2.44% | 12.0% | 27.4% | 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.
PBUB valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 70.4% | 12.6 | 11.0 | 3.44 | 1.51 | 2.44% | 12.0% |
PBUB 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 PBUB weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
PBUB largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| JPM | JPMorgan Chase & Co. | 15.35% | 14.2 | 13.5 | 4.7 | 1.94% | 19.25% |
| BAC | Bank of America Corporation | 12.89% | 12.2 | 10.8 | 3.1 | 2.50% | 18.84% |
| WFC | Wells Fargo & Company | 7.97% | 11.8 | 10.2 | 3.0 | 2.38% | 12.04% |
| C | Citigroup Inc. | 7.21% | 12.1 | 10.2 | 2.5 | 2.16% | 10.64% |
| EWBC | East West Bancorp, Inc. | 4.58% | 12.2 | 12.7 | 6.0 | 2.52% | 6.71% |
| FCNCA | First Citizens BancShares, Inc. | 4.56% | 11.4 | 10.8 | 2.6 | 0.40% | 7.16% |
| HBAN | Huntington Bancshares Incorporated | 4.56% | 11.7 | 8.6 | 3.4 | 4.06% | 6.93% |
| FITB | Fifth Third Bancorp | 4.54% | 17.0 | 10.8 | 4.5 | 3.34% | 4.78% |
| MTB | M&T Bank Corporation | 4.48% | 11.4 | 10.6 | 3.3 | 2.79% | 7.04% |
| USB | U.S. Bancorp | 4.23% | 11.4 | 10.4 | 3.3 | 3.68% | 6.61% |
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 PBUB valuation
Adding up its 10 holdings with company data, PBUB trades at 12.6 times trailing earnings and 11.0 times analysts' forward estimates, with a price-to-book ratio of 1.51 and a dividend yield of 2.44%. Its earnings yield of 7.95% is 2.63 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 70.4% of the fund and earn 100.0% of its combined profit. 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 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: PBUB chart, PBUB holdings.
PBUB valuation FAQ
What is the P/E ratio of PBUB?
Based on its holdings, PBUB has a trailing P/E of 12.6 and a forward P/E of 11.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of PBUB?
The trailing earnings yield is 7.95% (1 ÷ P/E) and the forward earnings yield 9.06%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is PBUB more expensive than the S&P 500?
PBUB trades at 12.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 11.0 and 19.9.
What is the price-to-book ratio of PBUB?
The holdings of PBUB trade at 1.51 times book value, with a combined return on equity of 12.0%.