ProShares Short Real Estate (REK) Valuation
REK valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 89.8 trailing earnings
- Forward P/E
- 23.3 analyst estimates
- Price / sales
- 4.27
- Price / book
- 2.07
- EV / EBITDA
- 17.0
- Earnings yield
- 1.11% inverse of P/E
- Dividend yield
- 4.63% of the holdings
- Return on equity
- 2.3% combined
- Net margin
- 4.8% combined
- Beta
- 1.02 weighted, vs S&P 500
REK valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| REK | 89.8 | 23.3 | 4.27 | 2.07 | 4.63% | 2.3% | 4.8% | 9.1% |
| 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.
REK valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Real Estate | 96.3% | 89.8 | 23.3 | 4.27 | 2.07 | 4.63% | 2.3% |
REK 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 REK weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
REK largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AMT | American Tower Corporation | 7.69% | 25.5 | 24.6 | 7.9 | 3.86% | 32.16% |
| CCI | Crown Castle Inc. | 4.69% | 33.4 | 21.2 | 8.4 | 5.17% | 14.96% |
| PLD | Prologis, Inc. | 4.64% | 27.7 | 29.2 | 12.4 | 3.40% | 17.85% |
| EQIX | Equinix, Inc. | 4.04% | 63.4 | 52.1 | 9.8 | 2.09% | 6.78% |
| SPG | Simon Property Group, Inc. | 3.68% | 14.5 | 30.7 | 11.2 | 4.33% | 27.03% |
| WELL | Welltower Inc. | 2.72% | 105.3 | 78.1 | 13.3 | 1.45% | 2.75% |
| PSA | Public Storage | 2.48% | 28.5 | 27.2 | 11.4 | 4.02% | 9.27% |
| AVB | AvalonBay Communities Inc | 2.30% | — | — | — | — | — |
| EQR | Equity Residential | 2.23% | — | — | — | — | — |
| SBAC | SBA Communications Corporation | 2.20% | 20.2 | 19.4 | 6.9 | 2.67% | 11.64% |
| DLR | Digital Realty Trust, Inc. | 2.10% | 85.4 | 66.2 | 9.8 | 2.77% | 2.62% |
| O | Realty Income Corporation | 1.96% | 40.6 | 33.7 | 8.7 | 5.81% | 5.15% |
| CSGP | CoStar Group, Inc. | 1.83% | 179.5 | 18.3 | 3.7 | — | 1.09% |
| WY | Weyerhaeuser Company | 1.76% | 30.2 | 29.1 | 2.1 | 4.28% | 6.21% |
| VTR | Ventas, Inc. | 1.66% | 159.0 | 128.2 | 6.9 | 2.42% | 1.11% |
| BXP | BXP, Inc. | 1.55% | 31.8 | 27.3 | 3.4 | 4.73% | 5.19% |
| CBRE | CBRE Group, Inc. | 1.55% | 30.5 | 14.9 | 0.9 | — | 5.42% |
| ESS | Essex Property Trust, Inc. | 1.55% | 41.9 | 43.9 | 9.4 | 3.85% | 3.94% |
| ARE | Alexandria Real Estate Equities, Inc. | 1.39% | — | 16.7 | 2.5 | 6.92% | −21.53% |
| DOC | Healthpeak Properties, Inc. | 1.39% | 54.2 | 169.5 | 4.6 | 6.43% | 2.73% |
| INVH | Invitation Homes Inc. | 1.31% | 24.8 | 30.4 | 5.6 | 4.43% | 5.63% |
| MAA | Mid-America Apartment Communities, Inc. | 1.20% | 34.1 | 33.6 | 6.3 | 5.25% | 3.75% |
| SUI | Sun Communities, Inc. | 1.15% | 89.5 | 33.8 | 6.5 | 3.79% | 1.37% |
| WPC | W. P. Carey Inc. | 1.15% | 22.3 | 24.2 | 8.2 | 5.83% | 5.48% |
| UDR | UDR, Inc. | 1.13% | 21.7 | 51.5 | 7.1 | 5.08% | 5.55% |
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 REK valuation
Adding up its 80 holdings with company data, REK trades at 89.8 times trailing earnings and 23.3 times analysts' forward estimates, with a price-to-book ratio of 2.07 and a dividend yield of 4.63%. Its earnings yield of 1.11% is 4.21 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 36.7% of the fund and earn 130.2% of its combined profit. Companies that lost money over the past year are 9.1% 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 85.8% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: REK chart, REK performance, REK holdings, REK dividends.
REK valuation FAQ
What is the P/E ratio of REK?
Based on its holdings, REK has a trailing P/E of 89.8 and a forward P/E of 23.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of REK?
The trailing earnings yield is 1.11% (1 ÷ P/E) and the forward earnings yield 4.29%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is REK more expensive than the S&P 500?
REK trades at 89.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 23.3 and 19.9.
What is the price-to-book ratio of REK?
The holdings of REK trade at 2.07 times book value, with a combined return on equity of 2.3%.