PGIM Jennison Focused Mid-Cap ETF (PJFM) Valuation
PJFM valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 20.5 trailing earnings
- Forward P/E
- 14.6 analyst estimates
- Price / sales
- 1.53
- Price / book
- 2.26
- EV / EBITDA
- 8.4
- Earnings yield
- 4.87% inverse of P/E
- Dividend yield
- 1.43% of the holdings
- Return on equity
- 11.0% combined
- Net margin
- 7.5% combined
- Beta
- 1.04 weighted, vs S&P 500
PJFM valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| PJFM | 20.5 | 14.6 | 1.53 | 2.26 | 1.43% | 11.0% | 7.5% | 6.3% |
| 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.
PJFM valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 18.6% | 9.7 | 9.8 | 1.22 | 1.31 | 1.49% | 13.5% |
| Technology | 18.1% | 229.0 | 26.2 | 6.73 | 8.26 | 0.49% | 3.6% |
| Industrials | 16.5% | 29.9 | 16.6 | 1.33 | 2.72 | 0.62% | 9.1% |
| Healthcare | 9.4% | 33.6 | 17.2 | 1.14 | 3.41 | 0.68% | 10.1% |
| Real Estate | 8.7% | 23.8 | 12.2 | 1.87 | 1.98 | 4.17% | 8.3% |
| Consumer Cyclical | 8.3% | 17.5 | 14.9 | 1.36 | 3.80 | 0.67% | 21.7% |
| Utilities | 7.4% | 21.9 | 16.6 | 2.76 | 2.00 | 2.99% | 9.1% |
| Energy | 6.8% | 12.5 | 23.2 | 1.71 | 1.21 | 2.91% | 9.7% |
| Communication Services | 1.0% | n/m | 28.4 | 2.74 | 2.19 | 0.00% | −4.6% |
| Consumer Defensive | 0.8% | 42.7 | 16.6 | 0.24 | 2.91 | 0.00% | 6.8% |
PJFM 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 PJFM weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
PJFM largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NI | NiSource Inc. | 4.83% | 22.7 | 17.4 | 3.0 | 2.81% | 4.91% |
| MKL | Markel Corporation | 4.41% | 10.2 | 15.2 | 1.4 | — | 9.98% |
| ELV | Elevance Health Inc. | 3.37% | 19.0 | 13.7 | 0.5 | 1.61% | 4.10% |
| AXS | AXIS Capital Holdings Limited | 3.24% | 7.1 | 7.3 | 1.1 | 1.77% | 10.56% |
| CBRE | CBRE Group, Inc. | 3.21% | 30.5 | 14.9 | 0.9 | — | 2.44% |
| GLPI | Gaming and Leisure Properties, Inc. | 2.93% | 11.5 | 11.8 | 7.1 | 8.35% | 5.89% |
| CHRD | Chord Energy Corporation | 2.91% | 10.4 | — | 1.4 | 3.36% | 6.46% |
| YZ8 | Permian Resources Corporation | 2.85% | — | — | — | — | — |
| DSG | Descartes Systems Group Inc | 2.77% | — | — | — | — | — |
| ARMK | Aramark | 2.66% | 38.7 | 21.5 | 0.7 | 0.87% | 1.59% |
| EWBC | East West Bancorp, Inc. | 2.62% | 12.2 | 12.7 | 6.0 | 2.52% | 4.97% |
| CMS | CMS Energy Corporation | 2.61% | 20.6 | 15.2 | 2.4 | 3.32% | 2.92% |
| MCHP | Microchip Technology Incorporated | 2.56% | 108.6 | 20.5 | 7.8 | 2.46% | 0.54% |
| CLS | Celestica Inc. | 2.53% | — | — | — | — | — |
| WTFC | Wintrust Financial Corporation | 2.52% | 11.6 | 10.9 | 3.5 | 1.53% | 5.04% |
| CUZ | Cousins Properties Incorporated | 2.52% | 691.0 | 10.1 | 4.4 | 4.63% | 0.08% |
| KEYS | Keysight Technologies, Inc. | 2.52% | 44.8 | 22.4 | 8.6 | — | 1.30% |
| CCK | Crown Holdings, Inc. | 2.47% | 16.4 | 12.1 | 0.9 | 1.15% | 3.47% |
| ROIV | Roivant Sciences Ltd. | 2.34% | — | — | 3,215.5 | — | −0.85% |
| LNC | Lincoln National Corporation | 2.33% | 3.4 | 5.2 | 0.4 | 4.52% | 15.85% |
| ARGX | argenx SE | 2.22% | 31.2 | 25.9 | 9.7 | — | 1.64% |
| GTES | Gates Industrial Corporation plc | 2.19% | 18.3 | 13.9 | 1.9 | — | 2.76% |
| TOST | Toast, Inc. | 2.10% | 40.0 | 17.6 | 2.7 | — | 1.21% |
| APPF | AppFolio, Inc. | 1.99% | 48.3 | 128.2 | 7.2 | — | 0.95% |
| WCC | WESCO International, Inc. | 1.95% | 23.6 | 18.2 | 0.7 | 0.59% | 1.91% |
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 PJFM valuation
Adding up its 44 holdings with company data, PJFM trades at 20.5 times trailing earnings and 14.6 times analysts' forward estimates, with a price-to-book ratio of 2.26 and a dividend yield of 1.43%. Its earnings yield of 4.87% is 0.46 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 33.2% of the fund and earn 53.8% of its combined profit. By sector, Technology is the most expensive at 229.0 times earnings and Financial Services the cheapest at 9.7. Companies that lost money over the past year are 6.3% 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 89.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: PJFM chart, PJFM performance, PJFM holdings, PJFM dividends.
PJFM valuation FAQ
What is the P/E ratio of PJFM?
Based on its holdings, PJFM has a trailing P/E of 20.5 and a forward P/E of 14.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of PJFM?
The trailing earnings yield is 4.87% (1 ÷ P/E) and the forward earnings yield 6.84%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is PJFM more expensive than the S&P 500?
PJFM trades at 20.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 14.6 and 19.9.
What is the price-to-book ratio of PJFM?
The holdings of PJFM trade at 2.26 times book value, with a combined return on equity of 11.0%.
Which sector in PJFM has the highest P/E?
Technology has the highest P/E at 229.0 and Financial Services the lowest at 9.7.