GMO U.S. Quality ETF (QLTY) Valuation
QLTY valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 27.7 trailing earnings
- Forward P/E
- 20.9 analyst estimates
- Price / sales
- 3.47
- Price / book
- 6.32
- EV / EBITDA
- 17.4
- Earnings yield
- 3.62% inverse of P/E
- Dividend yield
- 1.06% of the holdings
- Return on equity
- 22.9% combined
- Net margin
- 12.5% combined
- Beta
- 1.03 weighted, vs S&P 500
QLTY valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| QLTY | 27.7 | 20.9 | 3.47 | 6.32 | 1.06% | 22.9% | 12.5% | 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.
QLTY valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 37.6% | 31.5 | 23.5 | 8.39 | 9.22 | 0.81% | 29.2% |
| Healthcare | 23.7% | 31.4 | 18.1 | 1.62 | 4.38 | 1.45% | 13.9% |
| Communication Services | 11.5% | 21.1 | 21.6 | 7.95 | 7.47 | 0.23% | 35.5% |
| Financial Services | 8.0% | 23.1 | 18.7 | 8.27 | 5.09 | 1.31% | 22.0% |
| Consumer Cyclical | 7.2% | 25.1 | 24.5 | 3.70 | 8.25 | 0.51% | 32.9% |
| Consumer Defensive | 6.8% | 20.8 | 17.6 | 4.33 | 5.44 | 2.79% | 26.2% |
| Industrials | 2.2% | 38.7 | 21.5 | 0.73 | 4.33 | 0.87% | 11.2% |
| Basic Materials | 0.6% | 32.6 | 20.6 | 5.32 | 3.02 | 0.67% | 9.3% |
QLTY 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 QLTY weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
QLTY largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MSFT | Microsoft Corporation | 7.66% | 29.5 | 25.1 | 11.8 | 0.74% | 7.36% |
| AAPL | Apple Inc. | 5.01% | 39.4 | 35.2 | 10.7 | 0.31% | 3.61% |
| GOOGL | Alphabet Inc. | 4.68% | 17.1 | 22.8 | 9.3 | 0.26% | 7.76% |
| TMO | Thermo Fisher Scientific Inc. | 4.60% | 37.1 | 24.2 | 5.5 | 0.27% | 3.50% |
| META | Meta Platforms, Inc. | 4.59% | 26.7 | 22.1 | 7.9 | 0.30% | 4.87% |
| JNJ | Johnson & Johnson | 4.27% | 38.8 | 21.0 | 6.2 | 2.10% | 3.12% |
| LRCX | Lam Research Corporation | 4.12% | 45.8 | 33.7 | 14.2 | 0.50% | 2.55% |
| AMZN | Amazon.com, Inc. | 3.61% | 20.1 | 23.6 | 3.5 | — | 5.08% |
| AVGO | Broadcom Inc. | 3.55% | 43.3 | 19.4 | 17.6 | 0.79% | 2.32% |
| TXN | Texas Instruments Incorporated | 3.53% | 42.1 | 27.5 | 13.0 | 2.20% | 2.37% |
| NVDA | NVIDIA Corporation | 3.10% | 27.1 | 24.9 | 17.1 | 0.47% | 3.25% |
| V | Visa Inc. | 2.74% | 34.3 | 24.0 | 17.0 | 0.67% | 2.26% |
| LLY | Eli Lilly and Company | 2.61% | 42.2 | 24.4 | 14.1 | 0.55% | 1.75% |
| KLAC | KLA Corporation | 2.60% | 45.3 | 34.8 | 15.9 | 0.56% | 1.63% |
| ABT | Abbott Laboratories | 2.40% | 33.8 | 17.1 | 3.9 | 2.40% | 2.01% |
| UNH | UnitedHealth Group Incorporated | 2.33% | 25.8 | 16.6 | 0.8 | 2.31% | 2.56% |
| MA | Mastercard Incorporated | 2.32% | 34.0 | 24.2 | 15.4 | 0.56% | 1.93% |
| ARMK | Aramark | 2.20% | 38.7 | 21.5 | 0.7 | 0.87% | 1.61% |
| NFLX | Netflix, Inc. | 2.17% | 22.2 | 18.7 | 6.1 | — | 2.77% |
| CRM | Salesforce, Inc. | 2.07% | 22.0 | 14.0 | 4.5 | 0.73% | 2.66% |
| PG | The Procter & Gamble Company | 2.06% | 24.1 | 21.2 | 4.3 | 2.73% | 2.43% |
| USB | U.S. Bancorp | 1.81% | 11.4 | 10.4 | 3.3 | 3.68% | 4.48% |
| KO | The Coca-Cola Company | 1.78% | 28.2 | 25.3 | 8.1 | 2.26% | 1.79% |
| HLT | Hilton Worldwide Holdings Inc. | 1.76% | 50.6 | 28.7 | 15.2 | 0.17% | 0.98% |
| GCP | General Electric Company | 1.72% | — | — | — | — | — |
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 QLTY valuation
Adding up its 44 holdings with company data, QLTY trades at 27.7 times trailing earnings and 20.9 times analysts' forward estimates, with a price-to-book ratio of 6.32 and a dividend yield of 1.06%. Its earnings yield of 3.62% is 1.71 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 45.6% of the fund and earn 42.5% of its combined profit. By sector, Industrials is the most expensive at 38.7 times earnings and Consumer Defensive the cheapest at 20.8. 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 98.3% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: QLTY chart, QLTY performance, QLTY holdings, QLTY dividends.
QLTY valuation FAQ
What is the P/E ratio of QLTY?
Based on its holdings, QLTY has a trailing P/E of 27.7 and a forward P/E of 20.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of QLTY?
The trailing earnings yield is 3.62% (1 ÷ P/E) and the forward earnings yield 4.79%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is QLTY more expensive than the S&P 500?
QLTY trades at 27.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 20.9 and 19.9.
What is the price-to-book ratio of QLTY?
The holdings of QLTY trade at 6.32 times book value, with a combined return on equity of 22.9%.
Which sector in QLTY has the highest P/E?
Industrials has the highest P/E at 38.7 and Consumer Defensive the lowest at 20.8.