Columbia Research Enhanced Small Cap ETF (RESM) Valuation
RESM valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 41.9 trailing earnings
- Forward P/E
- 13.6 analyst estimates
- Price / sales
- 1.21
- Price / book
- 2.13
- EV / EBITDA
- 7.7
- Earnings yield
- 2.39% inverse of P/E
- Dividend yield
- 1.37% of the holdings
- Return on equity
- 5.1% combined
- Net margin
- 2.9% combined
- Beta
- 1.07 weighted, vs S&P 500
RESM valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| RESM | 41.9 | 13.6 | 1.21 | 2.13 | 1.37% | 5.1% | 2.9% | 21.7% |
| 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.
RESM valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Healthcare | 19.5% | n/m | 16.2 | 2.38 | 3.66 | 0.07% | −15.9% |
| Financial Services | 17.4% | 12.3 | 10.0 | 1.10 | 1.38 | 2.03% | 11.2% |
| Technology | 17.1% | 76.0 | 17.5 | 1.86 | 3.64 | 0.28% | 4.8% |
| Industrials | 12.1% | 31.4 | 15.1 | 0.99 | 2.59 | 1.02% | 8.3% |
| Consumer Cyclical | 8.5% | 20.3 | 11.7 | 0.67 | 2.13 | 1.11% | 10.5% |
| Energy | 6.6% | 18.3 | 11.3 | 0.89 | 1.39 | 2.48% | 7.6% |
| Real Estate | 6.1% | 82.8 | 20.4 | 2.14 | 1.56 | 5.43% | 1.9% |
| Basic Materials | 4.1% | 36.3 | 11.6 | 0.97 | 2.15 | 1.20% | 5.9% |
| Utilities | 2.7% | 22.5 | 15.4 | 1.85 | 1.58 | 3.81% | 7.0% |
| Consumer Defensive | 2.6% | 35.9 | 11.8 | 0.49 | 1.59 | 1.43% | 4.4% |
| Communication Services | 1.9% | n/m | 14.2 | 0.90 | 2.23 | 0.49% | −7.3% |
| Services | 0.1% | 14.2 | 15.3 | 1.60 | 2.99 | 2.71% | 21.0% |
| Financials | 0.1% | 16.2 | — | 4.22 | 1.27 | 1.94% | 7.8% |
RESM 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 RESM weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
RESM largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| FROG | JFrog Ltd. | 0.59% | — | 81.3 | 17.3 | — | −0.12% |
| UMBF | UMB Financial Corporation | 0.54% | 10.9 | 9.6 | 3.5 | 1.53% | 2.22% |
| GKOS | Glaukos Corporation | 0.50% | — | — | 15.9 | — | −0.45% |
| IDCC | InterDigital, Inc | 0.49% | 37.3 | 29.9 | 10.5 | 0.94% | 0.59% |
| ONB | Old National Bancorp | 0.48% | 11.1 | 8.4 | 3.6 | 2.32% | 1.95% |
| CTRE | CareTrust REIT, Inc. | 0.46% | 22.8 | 21.3 | 15.1 | 4.27% | 0.91% |
| MOG.A | Moog Inc. | 0.45% | 31.1 | 31.7 | 2.7 | 0.33% | 0.65% |
| RHP | Ryman Hospitality Properties, Inc. | 0.44% | 30.7 | 25.8 | 3.2 | 3.81% | 0.65% |
| BTSG | BrightSpring Health Services, Inc. | 0.44% | 53.9 | 22.2 | 0.8 | — | 0.36% |
| ZETA | Zeta Global Holdings Corp. | 0.43% | — | 24.4 | 5.0 | — | −0.01% |
| VSAT | Viasat, Inc. | 0.43% | — | 144.9 | 1.8 | — | −0.07% |
| SLAB | Silicon Laboratories Inc. | 0.42% | — | 51.0 | 8.6 | — | −0.10% |
| QLYS | Qualys, Inc. | 0.41% | 31.4 | 21.9 | 9.1 | — | 0.60% |
| HQY | HealthEquity, Inc. | 0.41% | 33.2 | 19.7 | 5.6 | — | 0.55% |
| SM | SM Energy Company | 0.40% | 7.0 | 4.4 | 1.9 | 2.23% | 2.60% |
| TXG | 10x Genomics, Inc. | 0.40% | — | — | 14.8 | — | −0.14% |
| CVLT | Commvault Systems, Inc. | 0.39% | 95.0 | 28.0 | 5.1 | — | 0.19% |
| OSCR | Oscar Health, Inc. | 0.39% | 24.7 | 588.2 | 0.6 | — | 0.71% |
| FF60 | FIRSTCASH HLDGS INC.DL-01 | 0.37% | — | — | — | — | — |
| UBSI | United Bankshares, Inc. | 0.37% | 12.7 | 13.6 | 5.1 | 3.26% | 1.30% |
| ZWS | Zurn Elkay Water Solutions Corporation | 0.35% | 29.2 | 22.9 | 4.4 | 0.94% | 0.55% |
| EAT | Brinker International, Inc. | 0.35% | 18.8 | 16.2 | 1.5 | — | 0.85% |
| VLY | Valley National Bancorp | 0.35% | 10.7 | 8.4 | 3.5 | 3.48% | 1.46% |
| PLXS | Plexus Corp. | 0.34% | 34.0 | 24.2 | 1.3 | — | 0.45% |
| PBF | PBF Energy Inc. | 0.33% | 7.4 | 8.4 | 0.3 | 1.30% | 2.02% |
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 RESM valuation
Adding up its 908 holdings with company data, RESM trades at 41.9 times trailing earnings and 13.6 times analysts' forward estimates, with a price-to-book ratio of 2.13 and a dividend yield of 1.37%. Its earnings yield of 2.39% is 2.94 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 4.8% of the fund and earn 6.8% of its combined profit. By sector, Real Estate is the most expensive at 82.8 times earnings and Financial Services the cheapest at 12.3. Companies that lost money over the past year are 21.7% 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 93.5% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: RESM chart, RESM holdings, RESM dividends.
RESM valuation FAQ
What is the P/E ratio of RESM?
Based on its holdings, RESM has a trailing P/E of 41.9 and a forward P/E of 13.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of RESM?
The trailing earnings yield is 2.39% (1 ÷ P/E) and the forward earnings yield 7.35%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is RESM more expensive than the S&P 500?
RESM trades at 41.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 13.6 and 19.9.
What is the price-to-book ratio of RESM?
The holdings of RESM trade at 2.13 times book value, with a combined return on equity of 5.1%.
Which sector in RESM has the highest P/E?
Real Estate has the highest P/E at 82.8 and Financial Services the lowest at 12.3.