Principal U.S. Small-Cap Multi-Factor ETF (PSC) Valuation
PSC valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 23.5 trailing earnings
- Forward P/E
- 14.4 analyst estimates
- Price / sales
- 1.22
- Price / book
- 2.42
- EV / EBITDA
- 11.4
- Earnings yield
- 4.26% inverse of P/E
- Dividend yield
- 1.24% of the holdings
- Return on equity
- 10.3% combined
- Net margin
- 5.2% combined
- Beta
- 1.01 weighted, vs S&P 500
PSC valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| PSC | 23.5 | 14.4 | 1.22 | 2.42 | 1.24% | 10.3% | 5.2% | 11.1% |
| 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.
PSC valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Healthcare | 20.8% | 42.7 | 19.8 | 2.06 | 3.71 | 0.05% | 8.7% |
| Financial Services | 17.5% | 11.6 | 10.1 | 0.89 | 1.56 | 1.68% | 13.4% |
| Technology | 17.0% | n/m | 14.1 | 1.41 | 3.34 | 0.69% | −0.9% |
| Industrials | 11.1% | 22.6 | 15.6 | 1.35 | 3.38 | 0.92% | 15.0% |
| Consumer Cyclical | 8.8% | 17.6 | 12.7 | 0.76 | 2.64 | 1.11% | 15.0% |
| Energy | 5.9% | 11.5 | 15.3 | 0.81 | 1.85 | 3.11% | 16.1% |
| Real Estate | 5.5% | 24.3 | 31.8 | 4.32 | 1.67 | 4.26% | 6.9% |
| Basic Materials | 4.0% | 19.2 | 12.9 | 1.06 | 2.57 | 0.91% | 13.4% |
| Consumer Defensive | 2.8% | 18.1 | 12.9 | 0.68 | 2.13 | 1.02% | 11.8% |
| Utilities | 2.8% | 19.5 | 15.3 | 2.15 | 1.42 | 4.02% | 7.3% |
| Communication Services | 2.5% | 77.3 | 12.1 | 1.40 | 2.26 | 0.22% | 2.9% |
| Financials | 0.1% | 16.2 | — | 4.22 | 1.27 | 1.94% | 7.8% |
| Services | 0.1% | 14.2 | 15.3 | 1.60 | 2.99 | 2.71% | 21.0% |
PSC 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 PSC weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
PSC largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| ZETA | Zeta Global Holdings Corp. | 1.13% | — | 24.4 | 5.0 | — | −0.01% |
| FRSH | Freshworks Inc. | 1.03% | 21.8 | 15.7 | 4.0 | — | 1.17% |
| TXG | 10x Genomics, Inc. | 0.98% | — | — | 14.8 | — | −0.19% |
| TWST | Twist Bioscience Corporation | 0.89% | — | — | 20.4 | — | −0.37% |
| WT | WisdomTree, Inc. | 0.86% | 38.9 | 17.3 | 5.3 | 0.56% | 0.55% |
| EAT | Brinker International, Inc. | 0.78% | 18.8 | 16.2 | 1.5 | — | 1.03% |
| MRX | Marex Group plc | 0.76% | 14.2 | 7.2 | 1.2 | 0.91% | 1.32% |
| BKH | Black Hills Corporation | 0.76% | 19.3 | 15.0 | 2.5 | 3.67% | 0.97% |
| IDCC | InterDigital, Inc | 0.69% | 37.3 | 29.9 | 10.5 | 0.94% | 0.46% |
| BFH | Bread Financial Holdings, Inc. | 0.68% | 8.0 | 7.6 | 1.5 | 0.90% | 2.14% |
| QLYS | Qualys, Inc. | 0.68% | 31.4 | 21.9 | 9.1 | — | 0.53% |
| CAKE | The Cheesecake Factory Incorporated | 0.64% | 31.1 | 22.6 | 1.5 | 1.04% | 0.51% |
| CTRE | CareTrust REIT, Inc. | 0.61% | 22.8 | 21.3 | 15.1 | 4.27% | 0.67% |
| SIG | Signet Jewelers Limited | 0.61% | 13.7 | 9.3 | 0.7 | 1.18% | 1.10% |
| BTSG | BrightSpring Health Services, Inc. | 0.61% | 53.9 | 22.2 | 0.8 | — | 0.28% |
| URBN | Urban Outfitters, Inc. | 0.60% | 13.5 | 11.9 | 1.1 | — | 1.09% |
| HAE | Haemonetics Corporation | 0.59% | 57.1 | 20.3 | 4.0 | — | 0.26% |
| PTEN | Patterson-UTI Energy, Inc. | 0.59% | — | 35.7 | 0.9 | 3.48% | −0.30% |
| HQY | HealthEquity, Inc. | 0.59% | 33.2 | 19.7 | 5.6 | — | 0.44% |
| TCBI | Texas Capital Bancshares, Inc. | 0.58% | 12.0 | 11.1 | 3.1 | 0.88% | 1.21% |
| OPCH | Option Care Health, Inc. | 0.58% | 23.6 | 11.2 | 0.8 | — | 0.61% |
| FF60 | FIRSTCASH HLDGS INC.DL-01 | 0.58% | — | — | — | — | — |
| POR | Portland General Electric Company | 0.58% | 19.5 | 12.8 | 1.5 | 4.99% | 0.73% |
| TGTX | TG Therapeutics, Inc. | 0.58% | 19.6 | 25.9 | 10.3 | — | 0.73% |
| EBC | Eastern Bankshares, Inc. | 0.57% | 11.9 | 9.7 | 4.4 | 2.63% | 1.19% |
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 PSC valuation
Adding up its 457 holdings with company data, PSC trades at 23.5 times trailing earnings and 14.4 times analysts' forward estimates, with a price-to-book ratio of 2.42 and a dividend yield of 1.24%. Its earnings yield of 4.26% is 1.07 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 8.6% of the fund and earn 7.1% of its combined profit. By sector, Communication Services is the most expensive at 77.3 times earnings and Energy the cheapest at 11.5. Companies that lost money over the past year are 11.1% 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 95.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: PSC chart, PSC performance, PSC holdings, PSC dividends.
PSC valuation FAQ
What is the P/E ratio of PSC?
Based on its holdings, PSC has a trailing P/E of 23.5 and a forward P/E of 14.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of PSC?
The trailing earnings yield is 4.26% (1 ÷ P/E) and the forward earnings yield 6.93%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is PSC more expensive than the S&P 500?
PSC trades at 23.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 14.4 and 19.9.
What is the price-to-book ratio of PSC?
The holdings of PSC trade at 2.42 times book value, with a combined return on equity of 10.3%.
Which sector in PSC has the highest P/E?
Communication Services has the highest P/E at 77.3 and Energy the lowest at 11.5.