Principal Quality ETF (PSET) Valuation
PSET valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 25.5 trailing earnings
- Forward P/E
- 19.9 analyst estimates
- Price / sales
- 4.33
- Price / book
- 5.69
- EV / EBITDA
- 17.4
- Earnings yield
- 3.92% inverse of P/E
- Dividend yield
- 0.86% of the holdings
- Return on equity
- 22.3% combined
- Net margin
- 17.0% combined
- Beta
- 1.10 weighted, vs S&P 500
PSET valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| PSET | 25.5 | 19.9 | 4.33 | 5.69 | 0.86% | 22.3% | 17.0% | 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.
PSET valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 39.4% | 29.9 | 22.0 | 6.99 | 9.91 | 0.60% | 33.1% |
| Industrials | 16.7% | 29.1 | 21.4 | 3.19 | 5.70 | 1.09% | 19.6% |
| Financial Services | 14.4% | 20.1 | 16.1 | 4.45 | 3.60 | 1.27% | 17.9% |
| Healthcare | 11.7% | 30.1 | 20.0 | 3.88 | 4.44 | 0.44% | 14.8% |
| Communication Services | 5.9% | 15.0 | 16.1 | 3.18 | 3.57 | 1.05% | 23.8% |
| Consumer Cyclical | 4.7% | 20.5 | 20.8 | 3.05 | 6.16 | 0.32% | 30.0% |
| Basic Materials | 3.3% | 24.9 | 19.5 | 2.57 | 5.80 | 1.54% | 23.3% |
| Energy | 1.2% | 23.9 | 15.9 | 2.02 | 2.97 | 2.38% | 12.4% |
| Consumer Defensive | 1.1% | 18.6 | 15.6 | 3.38 | 3.04 | 3.20% | 16.3% |
PSET 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 PSET weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
PSET largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 6.91% | 27.1 | 24.9 | 17.1 | 0.47% | 6.61% |
| AAPL | Apple Inc. | 6.08% | 39.4 | 35.2 | 10.7 | 0.31% | 4.00% |
| MSFT | Microsoft Corporation | 4.39% | 29.5 | 25.1 | 11.8 | 0.74% | 3.85% |
| GOOG | Alphabet Inc. | 2.91% | 16.9 | 21.8 | 9.2 | 0.26% | 4.45% |
| PANW | Palo Alto Networks, Inc. | 2.48% | 855.0 | 94.3 | 24.4 | — | 0.07% |
| AMZN | Amazon.com, Inc. | 2.34% | 20.1 | 23.6 | 3.5 | — | 3.01% |
| V | Visa Inc. | 2.32% | 34.3 | 24.0 | 17.0 | 0.67% | 1.75% |
| MA | Mastercard Incorporated | 2.07% | 34.0 | 24.2 | 15.4 | 0.56% | 1.58% |
| NTAP | NetApp, Inc. | 2.06% | 28.7 | 21.4 | 5.4 | 1.02% | 1.85% |
| AMAT | Applied Materials, Inc. | 1.80% | 35.3 | 23.4 | 10.5 | 0.52% | 1.32% |
| CRM | Salesforce, Inc. | 1.62% | 22.0 | 14.0 | 4.5 | 0.73% | 1.90% |
| A | Agilent Technologies, Inc. | 1.56% | 34.1 | 23.9 | 6.6 | 0.59% | 1.19% |
| GCP | General Electric Company | 1.54% | — | — | — | — | — |
| WAT | Waters Corporation | 1.53% | 110.6 | 24.8 | 9.2 | — | 0.36% |
| MTD | Mettler-Toledo International Inc. | 1.46% | 36.6 | 28.5 | 7.9 | — | 1.04% |
| CPAY | Corpay, Inc. | 1.37% | 24.3 | 12.8 | 5.2 | — | 1.46% |
| DHR | Danaher Corporation | 1.35% | 40.8 | 23.8 | 6.4 | 0.70% | 0.86% |
| MPWR | Monolithic Power Systems, Inc. | 1.34% | 73.7 | 38.8 | 18.2 | 0.66% | 0.47% |
| ETN | Eaton Corporation plc | 1.33% | 39.8 | 27.6 | 5.1 | 1.12% | 0.86% |
| GRMN | Garmin Ltd. | 1.31% | 29.4 | 24.8 | 7.2 | 1.47% | 1.15% |
| CDNS | Cadence Design Systems, Inc. | 1.30% | 63.5 | 31.5 | 15.1 | — | 0.53% |
| GOOGL | Alphabet Inc. | 1.26% | 17.1 | 22.8 | 9.3 | 0.26% | 1.91% |
| TT | Trane Technologies plc | 1.26% | 34.2 | 25.2 | 4.5 | 0.92% | 0.95% |
| PH | Parker-Hannifin Corporation | 1.25% | 33.8 | 27.5 | 5.7 | 0.83% | 0.96% |
| CTAS | Cintas Corporation | 1.20% | 42.1 | 36.2 | 7.3 | 0.97% | 0.74% |
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 PSET valuation
Adding up its 71 holdings with company data, PSET trades at 25.5 times trailing earnings and 19.9 times analysts' forward estimates, with a price-to-book ratio of 5.69 and a dividend yield of 0.86%. Its earnings yield of 3.92% is 1.41 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 33.4% of the fund and earn 28.5% of its combined profit. By sector, Healthcare is the most expensive at 30.1 times earnings and Communication Services the cheapest at 15.0. 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 98.5% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: PSET chart, PSET performance, PSET holdings, PSET dividends.
PSET valuation FAQ
What is the P/E ratio of PSET?
Based on its holdings, PSET has a trailing P/E of 25.5 and a forward P/E of 19.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of PSET?
The trailing earnings yield is 3.92% (1 ÷ P/E) and the forward earnings yield 5.04%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is PSET more expensive than the S&P 500?
PSET trades at 25.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.9 and 19.9.
What is the price-to-book ratio of PSET?
The holdings of PSET trade at 5.69 times book value, with a combined return on equity of 22.3%.
Which sector in PSET has the highest P/E?
Healthcare has the highest P/E at 30.1 and Communication Services the lowest at 15.0.