Parametric Equity Plus ETF (PEPS) Valuation
PEPS valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 27.0 trailing earnings
- Forward P/E
- 20.4 analyst estimates
- Price / sales
- 3.81
- Price / book
- 5.47
- EV / EBITDA
- 17.9
- Earnings yield
- 3.70% inverse of P/E
- Dividend yield
- 1.07% of the holdings
- Return on equity
- 20.3% combined
- Net margin
- 14.1% combined
- Beta
- 1.16 weighted, vs S&P 500
PEPS valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| PEPS | 27.0 | 20.4 | 3.81 | 5.47 | 1.07% | 20.3% | 14.1% | 3.6% |
| 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.
PEPS valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 37.1% | 32.9 | 22.9 | 9.42 | 11.83 | 0.53% | 35.9% |
| Financial Services | 11.4% | 16.1 | 14.8 | 3.69 | 2.38 | 1.43% | 14.7% |
| Healthcare | 9.5% | 39.9 | 19.3 | 1.79 | 6.99 | 1.41% | 17.5% |
| Communication Services | 9.4% | 18.6 | 20.1 | 5.55 | 5.17 | 0.53% | 27.8% |
| Consumer Cyclical | 9.2% | 36.7 | 23.5 | 2.34 | 5.70 | 0.81% | 15.5% |
| Industrials | 6.3% | 32.5 | 24.7 | 3.71 | 8.27 | 1.04% | 25.5% |
| Consumer Defensive | 4.6% | 30.6 | 25.4 | 2.34 | 10.49 | 2.08% | 34.3% |
| Energy | 3.4% | 19.3 | 13.7 | 2.15 | 2.36 | 2.34% | 12.2% |
| Utilities | 2.1% | 17.0 | 15.0 | 2.31 | 1.96 | 3.56% | 11.6% |
| Basic Materials | 1.6% | 48.2 | 19.5 | 1.93 | 3.13 | 2.36% | 6.5% |
| Real Estate | 1.3% | 25.7 | 19.8 | 7.17 | 1.78 | 5.55% | 6.9% |
PEPS 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 PEPS weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
PEPS largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 7.32% | 39.4 | 35.2 | 10.7 | 0.31% | 5.25% |
| NVDA | NVIDIA Corporation | 7.18% | 27.1 | 24.9 | 17.1 | 0.47% | 7.49% |
| MSFT | Microsoft Corporation | 5.76% | 29.5 | 25.1 | 11.8 | 0.74% | 5.52% |
| AMZN | Amazon.com, Inc. | 3.67% | 20.1 | 23.6 | 3.5 | — | 5.15% |
| GOOGL | Alphabet Inc. | 2.89% | 17.1 | 22.8 | 9.3 | 0.26% | 4.78% |
| GOOG | Alphabet Inc. | 2.39% | 16.9 | 21.8 | 9.2 | 0.26% | 3.99% |
| AVGO | Broadcom Inc. | 2.27% | 43.3 | 19.4 | 17.6 | 0.79% | 1.48% |
| META | Meta Platforms, Inc. | 2.22% | 26.7 | 22.1 | 7.9 | 0.30% | 2.34% |
| LLY | Eli Lilly and Company | 1.94% | 42.2 | 24.4 | 14.1 | 0.55% | 1.30% |
| MU | Micron Technology, Inc. | 1.82% | 11.8 | 7.0 | 7.5 | 0.07% | 4.34% |
| JPM | JPMorgan Chase & Co. | 1.69% | 14.2 | 13.5 | 4.7 | 1.94% | 3.35% |
| AMD | Advanced Micro Devices, Inc. | 1.68% | 134.9 | 39.5 | 20.9 | — | 0.35% |
| TSLA | Tesla, Inc. | 1.65% | 328.4 | 158.7 | 13.5 | — | 0.14% |
| XOM | Exxon Mobil Corporation | 1.40% | 23.0 | 14.8 | 2.0 | 2.30% | 1.72% |
| BRK.B | Berkshire Hathaway Inc. | 1.37% | 13.4 | 22.7 | 3.0 | — | 2.88% |
| V | Visa Inc. | 1.27% | 34.3 | 24.0 | 17.0 | 0.67% | 1.05% |
| JNJ | Johnson & Johnson | 1.22% | 38.8 | 21.0 | 6.2 | 2.10% | 0.89% |
| MA | Mastercard Incorporated | 1.02% | 34.0 | 24.2 | 15.4 | 0.56% | 0.85% |
| ABBV | AbbVie Inc. | 0.98% | 80.6 | 16.4 | 7.8 | 2.42% | 0.34% |
| CVX | Chevron Corporation | 0.94% | 21.2 | 15.2 | 2.1 | 3.16% | 1.25% |
| CSCO | Cisco Systems, Inc. | 0.93% | 32.2 | 19.8 | 6.7 | 1.56% | 0.81% |
| WMT | Walmart Inc. | 0.91% | 43.0 | 38.0 | 1.3 | 0.83% | 0.60% |
| COST | Costco Wholesale Corporation | 0.86% | 47.6 | 40.3 | 1.4 | 0.59% | 0.51% |
| MRK | Merck & Co., Inc. | 0.83% | 115.8 | 15.3 | 5.4 | 2.33% | 0.20% |
| KO | The Coca-Cola Company | 0.78% | 28.2 | 25.3 | 8.1 | 2.26% | 0.78% |
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 PEPS valuation
Adding up its 186 holdings with company data, PEPS trades at 27.0 times trailing earnings and 20.4 times analysts' forward estimates, with a price-to-book ratio of 5.47 and a dividend yield of 1.07%. Its earnings yield of 3.70% is 1.62 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 37.4% of the fund and earn 41.6% of its combined profit. By sector, Basic Materials is the most expensive at 48.2 times earnings and Financial Services the cheapest at 16.1. Companies that lost money over the past year are 3.6% 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 98.7% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: PEPS chart, PEPS performance, PEPS holdings, PEPS dividends.
PEPS valuation FAQ
What is the P/E ratio of PEPS?
Based on its holdings, PEPS has a trailing P/E of 27.0 and a forward P/E of 20.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of PEPS?
The trailing earnings yield is 3.70% (1 ÷ P/E) and the forward earnings yield 4.91%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is PEPS more expensive than the S&P 500?
PEPS trades at 27.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 20.4 and 19.9.
What is the price-to-book ratio of PEPS?
The holdings of PEPS trade at 5.47 times book value, with a combined return on equity of 20.3%.
Which sector in PEPS has the highest P/E?
Basic Materials has the highest P/E at 48.2 and Financial Services the lowest at 16.1.