WisdomTree U.S. SmallCap Quality Growth Fund (QSML) Valuation

NASDAQ: QSMLP/E, earnings yield and other ratios of the holdings combined.

QSML valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 20.1
Forward P/E: 14.9
Price / sales: 1.61
Price / book: 3.12
EV / EBITDA: 5.7
Earnings yield: 4.98%
Dividend yield: 0.78%
Return on equity: 15.5%
Net margin: 8.0%
Beta: 1.08

QSML valuation vs other stock ETFs

P/E (TTM)Forward P/E

QSML valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
QSML	20.1	14.9	1.61	3.12	0.78%	15.5%	8.0%	9.8%
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.

QSML valuation by sector

P/E (TTM)Forward P/E

QSML valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	25.2%	24.2	15.5	2.21	4.15	0.23%	17.2%
Consumer Cyclical	16.1%	19.0	13.1	0.98	3.56	1.12%	18.7%
Financial Services	15.9%	12.0	11.1	2.13	2.09	1.79%	17.5%
Healthcare	13.4%	31.5	19.6	2.43	4.25	0.03%	13.5%
Industrials	12.3%	23.1	17.6	1.27	2.74	0.67%	11.9%
Consumer Defensive	7.4%	23.1	17.1	1.41	2.64	0.56%	11.4%
Energy	4.3%	15.8	13.7	1.83	1.86	2.37%	11.8%
Communication Services	2.8%	24.9	14.2	1.20	4.65	0.91%	18.7%
Basic Materials	2.0%	23.7	19.0	2.54	3.37	0.54%	14.2%
Real Estate	0.1%	3.6	11.9	0.38	13.77	0.00%	383.7%
Utilities	0.1%	n/m	54.6	0.43	4.20	0.00%	−31.9%

QSML earnings yield vs bond yields

QSML earnings yield (forward)

6.73%

QSML earnings yield (trailing)

4.98%

QSML dividend yield

0.78%

Bond market yield (AGG)

5.33%

T-bill yield (BIL)

3.91%

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 QSML weight splits by P/E

Share of the covered weight in companies with a trailing P/E in each range.

QSML largest holdings: valuation

QSML largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
ELF	e.l.f. Beauty, Inc.	0.74%	115.9	35.2	3.8	—	0.13%
EPAM	EPAM Systems, Inc.	0.73%	16.6	8.3	1.1	—	0.92%
ZETA	Zeta Global Holdings Corp.	0.73%	—	24.4	5.0	—	−0.00%
TGTX	TG Therapeutics, Inc.	0.72%	19.6	25.9	10.3	—	0.77%
ANF	Abercrombie & Fitch Co.	0.72%	13.2	10.0	1.2	—	1.14%
GTLB	GitLab Inc.	0.71%	—	55.2	8.3	—	−0.09%
G	Genpact Limited	0.67%	11.1	18.3	1.2	2.01%	1.27%
VCTR	Victory Capital Holdings, Inc.	0.67%	19.9	12.7	4.3	1.84%	0.70%
CVLT	Commvault Systems, Inc.	0.66%	95.0	28.0	5.1	—	0.15%
QLYS	Qualys, Inc.	0.66%	31.4	21.9	9.1	—	0.44%
ESNT	Essent Group Ltd.	0.65%	9.0	8.2	4.4	2.16%	1.49%
EXLS	ExlService Holdings, Inc.	0.63%	25.0	13.6	2.7	—	0.53%
LYFT	Lyft, Inc.	0.63%	2.5	9.3	0.9	—	5.27%
MKTX	MarketAxess Holdings Inc.	0.63%	19.5	18.6	6.7	1.90%	0.67%
HRB	H&R Block, Inc.	0.63%	8.6	6.8	1.5	3.78%	1.53%
PATH	UiPath Inc.	0.60%	19.2	16.7	3.9	—	0.66%
FTDR	Frontdoor, Inc.	0.60%	20.8	14.5	2.5	—	0.60%
LGND	Ligand Pharmaceuticals Incorporated	0.60%	31.1	24.8	20.3	—	0.40%
DBX	Dropbox, Inc.	0.60%	19.7	10.8	3.1	—	0.63%
SIGI	Selective Insurance Group, Inc.	0.59%	10.9	9.8	1.0	1.93%	1.13%
PEGA	Pegasystems Inc.	0.58%	19.5	13.4	3.3	0.35%	0.62%
SAIC	Science Applications International Corporation	0.58%	15.5	10.6	0.8	1.11%	0.78%
PI	Impinj, Inc.	0.58%	—	60.2	14.4	—	−0.06%
BOX	Box, Inc.	0.57%	57.3	17.6	4.4	—	0.21%
HIMS	Hims & Hers Health, Inc.	0.57%	—	73.5	2.5	—	−0.26%

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 QSML valuation

Adding up its 352 holdings with company data, QSML trades at 20.1 times trailing earnings and 14.9 times analysts' forward estimates, with a price-to-book ratio of 3.12 and a dividend yield of 0.78%. Its earnings yield of 4.98% is 0.35 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 7.0% of the fund and earn 5.4% of its combined profit. By sector, Healthcare is the most expensive at 31.5 times earnings and Real Estate the cheapest at 3.6. Companies that lost money over the past year are 9.8% 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 96.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

QSML valuation FAQ

What is the P/E ratio of QSML?

Based on its holdings, QSML has a trailing P/E of 20.1 and a forward P/E of 14.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of QSML?

The trailing earnings yield is 4.98% (1 ÷ P/E) and the forward earnings yield 6.73%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is QSML more expensive than the S&P 500?

QSML trades at 20.1 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 14.9 and 19.9.

What is the price-to-book ratio of QSML?

The holdings of QSML trade at 3.12 times book value, with a combined return on equity of 15.5%.

Which sector in QSML has the highest P/E?

Healthcare has the highest P/E at 31.5 and Real Estate the lowest at 3.6.