Principal Value ETF (PY) Valuation
PY valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 22.0 trailing earnings
- Forward P/E
- 14.7 analyst estimates
- Price / sales
- 1.90
- Price / book
- 3.42
- EV / EBITDA
- 12.9
- Earnings yield
- 4.55% inverse of P/E
- Dividend yield
- 1.87% of the holdings
- Return on equity
- 15.6% combined
- Net margin
- 8.6% combined
- Beta
- 0.86 weighted, vs S&P 500
PY valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| PY | 22.0 | 14.7 | 1.90 | 3.42 | 1.87% | 15.6% | 8.6% | 4.2% |
| 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.
PY valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 25.8% | 28.7 | 20.8 | 4.17 | 7.19 | 1.00% | 25.0% |
| Financial Services | 17.0% | 13.1 | 11.4 | 2.04 | 2.19 | 1.68% | 16.7% |
| Healthcare | 14.3% | 25.8 | 14.4 | 1.18 | 3.87 | 2.09% | 15.0% |
| Industrials | 10.1% | 18.3 | 17.5 | 1.87 | 4.09 | 1.91% | 22.4% |
| Consumer Defensive | 9.2% | n/m | 17.0 | 1.91 | 3.00 | 3.01% | −0.5% |
| Consumer Cyclical | 8.4% | 32.2 | 17.2 | 1.41 | 4.52 | 1.04% | 14.1% |
| Energy | 6.7% | 16.5 | 9.9 | 1.67 | 2.67 | 2.18% | 16.2% |
| Communication Services | 4.8% | 14.1 | 8.6 | 1.15 | 1.64 | 4.40% | 11.7% |
| Utilities | 1.3% | 8.5 | 11.1 | 1.81 | 1.63 | 4.77% | 19.1% |
| Basic Materials | 0.9% | 30.9 | 23.8 | 3.33 | 20.56 | 0.95% | 66.5% |
| Real Estate | 0.8% | 16.2 | 22.2 | 2.67 | 2.38 | 3.34% | 14.7% |
PY 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 PY weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
PY largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 8.80% | 39.4 | 35.2 | 10.7 | 0.31% | 4.94% |
| AMZN | Amazon.com, Inc. | 3.47% | 20.1 | 23.6 | 3.5 | — | 3.81% |
| UNH | UnitedHealth Group Incorporated | 2.12% | 25.8 | 16.6 | 0.8 | 2.31% | 1.81% |
| PG | The Procter & Gamble Company | 1.96% | 24.1 | 21.2 | 4.3 | 2.73% | 1.80% |
| V | Visa Inc. | 1.84% | 34.3 | 24.0 | 17.0 | 0.67% | 1.19% |
| XOM | Exxon Mobil Corporation | 1.69% | 23.0 | 14.8 | 2.0 | 2.30% | 1.62% |
| MRK | Merck & Co., Inc. | 1.64% | 115.8 | 15.3 | 5.4 | 2.33% | 0.31% |
| BAC | Bank of America Corporation | 1.63% | 12.2 | 10.8 | 3.1 | 2.50% | 2.95% |
| JNJ | Johnson & Johnson | 1.56% | 38.8 | 21.0 | 6.2 | 2.10% | 0.89% |
| KO | The Coca-Cola Company | 1.54% | 28.2 | 25.3 | 8.1 | 2.26% | 1.21% |
| MPC | Marathon Petroleum Corporation | 1.37% | 16.6 | 5.5 | 0.9 | 0.84% | 1.83% |
| MA | Mastercard Incorporated | 1.35% | 34.0 | 24.2 | 15.4 | 0.56% | 0.88% |
| VZ | Verizon Communications Inc. | 1.33% | 11.7 | 8.7 | 1.3 | 6.32% | 2.53% |
| CVX | Chevron Corporation | 1.30% | 21.2 | 15.2 | 2.1 | 3.16% | 1.36% |
| CRM | Salesforce, Inc. | 1.25% | 22.0 | 14.0 | 4.5 | 0.73% | 1.25% |
| ADP | Automatic Data Processing, Inc. | 1.16% | 26.4 | 22.0 | 5.2 | 2.35% | 0.97% |
| CB | Chubb Limited | 1.16% | 12.7 | 11.6 | 2.2 | 1.13% | 2.01% |
| INTC | Intel Corporation | 1.15% | — | 63.3 | 8.3 | — | −0.60% |
| ACN | Accenture plc | 1.12% | 16.9 | 12.4 | 1.9 | 2.98% | 1.47% |
| BMY | Bristol-Myers Squibb Company | 1.12% | 13.2 | 9.4 | 2.5 | 4.22% | 1.88% |
| LMT | Lockheed Martin Corporation | 1.12% | 20.3 | 16.2 | 1.7 | 2.61% | 1.21% |
| COF | Capital One Financial Corporation | 1.12% | 13.0 | 8.5 | 2.6 | 1.59% | 1.91% |
| SCHW | The Charles Schwab Corporation | 1.09% | 15.7 | 12.9 | 5.9 | 1.39% | 1.53% |
| TRV | The Travelers Companies, Inc. | 1.05% | 10.5 | 10.8 | 1.7 | 1.28% | 2.22% |
| CI | Cigna Corporation | 1.05% | 12.5 | 8.3 | 0.3 | 2.06% | 1.86% |
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 PY valuation
Adding up its 100 holdings with company data, PY trades at 22.0 times trailing earnings and 14.7 times analysts' forward estimates, with a price-to-book ratio of 3.42 and a dividend yield of 1.87%. Its earnings yield of 4.55% is 0.78 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 26.2% of the fund and earn 20.5% of its combined profit. By sector, Consumer Cyclical is the most expensive at 32.2 times earnings and Utilities the cheapest at 8.5. Companies that lost money over the past year are 4.2% 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: PY chart, PY performance, PY holdings, PY dividends.
PY valuation FAQ
What is the P/E ratio of PY?
Based on its holdings, PY has a trailing P/E of 22.0 and a forward P/E of 14.7 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of PY?
The trailing earnings yield is 4.55% (1 ÷ P/E) and the forward earnings yield 6.80%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is PY more expensive than the S&P 500?
PY trades at 22.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 14.7 and 19.9.
What is the price-to-book ratio of PY?
The holdings of PY trade at 3.42 times book value, with a combined return on equity of 15.6%.
Which sector in PY has the highest P/E?
Consumer Cyclical has the highest P/E at 32.2 and Utilities the lowest at 8.5.