Alpha Architect U.S. Quantitative Momentum ETF (QMOM) Valuation
QMOM valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 48.6 trailing earnings
- Forward P/E
- 15.2 analyst estimates
- Price / sales
- 1.36
- Price / book
- 3.90
- EV / EBITDA
- 9.4
- Earnings yield
- 2.06% inverse of P/E
- Dividend yield
- 0.81% of the holdings
- Return on equity
- 8.0% combined
- Net margin
- 2.8% combined
- Beta
- 1.10 weighted, vs S&P 500
QMOM valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| QMOM | 48.6 | 15.2 | 1.36 | 3.90 | 0.81% | 8.0% | 2.8% | 19.0% |
| 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.
QMOM valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Healthcare | 25.7% | n/m | 15.3 | 1.61 | 4.32 | 0.51% | −5.3% |
| Energy | 22.5% | 36.5 | 11.0 | 0.73 | 2.46 | 1.12% | 6.8% |
| Technology | 20.1% | 39.5 | 18.2 | 1.65 | 5.76 | 0.18% | 14.6% |
| Industrials | 13.0% | 29.9 | 23.0 | 2.29 | 6.57 | 0.58% | 22.0% |
| Basic Materials | 8.4% | 19.4 | 13.5 | 2.46 | 4.16 | 2.09% | 21.5% |
| Consumer Defensive | 3.7% | 16.3 | 13.4 | 0.90 | 2.54 | 1.50% | 15.6% |
| Communication Services | 3.7% | 45.6 | 19.0 | 3.32 | 2.37 | 1.63% | 5.2% |
| Consumer Cyclical | 2.3% | 30.6 | 22.4 | 1.43 | 9.88 | 1.01% | 32.3% |
QMOM 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 QMOM weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
QMOM largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| DINO | HF Sinclair Corporation | 2.42% | 11.9 | 10.0 | 0.7 | 1.68% | 10.17% |
| YZ8 | Permian Resources Corporation | 2.42% | — | — | — | — | — |
| VLO | Valero Energy Corporation | 2.34% | 18.5 | 10.2 | 1.0 | 1.08% | 6.33% |
| MPC | Marathon Petroleum Corporation | 2.32% | 16.6 | 5.5 | 0.9 | 0.84% | 7.03% |
| CNC | Centene Corporation | 2.32% | — | 11.2 | 0.2 | — | −17.52% |
| HNGE | Hinge Health, Inc. | 2.31% | 32.7 | 33.0 | 11.1 | — | 3.53% |
| PBF | PBF Energy Inc. | 2.30% | 7.4 | 8.4 | 0.3 | 1.30% | 15.52% |
| NUE | Nucor Corporation | 2.28% | 20.4 | 11.4 | 1.6 | 0.87% | 5.58% |
| SYRE | Spyre Therapeutics, Inc. | 2.23% | — | — | 650.2 | — | −2.69% |
| STLD | Steel Dynamics, Inc. | 2.21% | 21.8 | 10.0 | 1.7 | 0.88% | 5.08% |
| CAKE | The Cheesecake Factory Incorporated | 2.21% | 31.1 | 22.6 | 1.5 | 1.04% | 3.55% |
| RIG | Transocean Ltd. | 2.18% | — | 15.2 | 1.5 | — | −31.16% |
| PSX | Phillips 66 | 2.17% | 16.8 | 9.7 | 0.8 | 1.81% | 6.50% |
| RPRX | Royalty Pharma plc | 2.15% | 32.4 | 29.4 | 13.9 | 1.54% | 3.32% |
| RNG | RingCentral, Inc. | 2.14% | 60.4 | 14.3 | 2.4 | 0.36% | 1.78% |
| TRGP | Targa Resources Corp. | 2.14% | 28.2 | 23.2 | 3.8 | 1.70% | 3.81% |
| DK | Delek US Holdings, Inc. | 2.14% | 20.8 | 20.3 | 0.4 | 1.33% | 5.17% |
| CRL | Charles River Laboratories International, Inc. | 2.14% | — | 22.4 | 3.6 | — | −1.71% |
| MSGS | Madison Square Garden Sports Corp. | 2.06% | — | 72.5 | 8.3 | — | 0.08% |
| FTI | TechnipFMC plc | 2.05% | 24.3 | 21.3 | 2.6 | 0.29% | 4.22% |
| MRK | Merck & Co., Inc. | 2.02% | 115.8 | 15.3 | 5.4 | 2.33% | 0.87% |
| ATI | ATI Inc. | 2.00% | 54.4 | 28.8 | 5.4 | — | 1.85% |
| FTNT | Fortinet, Inc. | 2.00% | 59.8 | 45.0 | 16.5 | — | 1.68% |
| VTRS | Viatris Inc. | 1.99% | — | 6.4 | 1.5 | 2.57% | −1.93% |
| FDX | FedEx Corporation | 1.99% | 15.8 | 14.2 | 0.7 | 1.66% | 6.30% |
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 QMOM valuation
Adding up its 62 holdings with company data, QMOM trades at 48.6 times trailing earnings and 15.2 times analysts' forward estimates, with a price-to-book ratio of 3.90 and a dividend yield of 0.81%. Its earnings yield of 2.06% is 3.27 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 23.1% of the fund and earn 36.6% of its combined profit. By sector, Communication Services is the most expensive at 45.6 times earnings and Consumer Defensive the cheapest at 16.3. Companies that lost money over the past year are 19.0% 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 97.3% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: QMOM chart, QMOM performance, QMOM holdings, QMOM dividends.
QMOM valuation FAQ
What is the P/E ratio of QMOM?
Based on its holdings, QMOM has a trailing P/E of 48.6 and a forward P/E of 15.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of QMOM?
The trailing earnings yield is 2.06% (1 ÷ P/E) and the forward earnings yield 6.58%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is QMOM more expensive than the S&P 500?
QMOM trades at 48.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 15.2 and 19.9.
What is the price-to-book ratio of QMOM?
The holdings of QMOM trade at 3.90 times book value, with a combined return on equity of 8.0%.
Which sector in QMOM has the highest P/E?
Communication Services has the highest P/E at 45.6 and Consumer Defensive the lowest at 16.3.