Hoya Capital High Dividend Yield ETF (RIET) Valuation
RIET valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 34.6 trailing earnings
- Forward P/E
- 12.3 analyst estimates
- Price / sales
- 2.43
- Price / book
- 0.96
- EV / EBITDA
- 12.8
- Earnings yield
- 2.89% inverse of P/E
- Dividend yield
- 11.06% of the holdings
- Return on equity
- 2.8% combined
- Net margin
- 7.0% combined
- Beta
- 1.04 weighted, vs S&P 500
RIET valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| RIET | 34.6 | 12.3 | 2.43 | 0.96 | 11.06% | 2.8% | 7.0% | 24.2% |
| 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.
RIET valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Real Estate | 91.0% | 34.6 | 12.3 | 2.43 | 0.96 | 11.06% | 2.8% |
RIET 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 RIET weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
RIET largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| HIW | Highwoods Properties, Inc. | 2.12% | 19.4 | 65.8 | 3.9 | 6.82% | 4.29% |
| APLE | Apple Hospitality REIT, Inc. | 2.09% | 23.0 | 23.5 | 2.8 | 5.63% | 3.58% |
| GNL | Global Net Lease, Inc. | 2.09% | — | — | 3.7 | 10.23% | −3.11% |
| PK | Park Hotels & Resorts Inc. | 1.94% | — | 28.2 | 1.3 | 6.29% | −3.93% |
| RLJ | RLJ Lodging Trust | 1.81% | — | — | 1.3 | 5.15% | 0.00% |
| KRC | Kilroy Realty Corporation | 1.76% | 24.4 | 99.0 | 3.7 | 6.20% | 2.85% |
| COLD | Americold Realty Trust, Inc. | 1.74% | — | 119.0 | 1.5 | 6.66% | −7.84% |
| EPR | EPR Properties | 1.73% | 17.9 | 19.3 | 5.8 | 6.68% | 3.82% |
| DOC | Healthpeak Properties, Inc. | 1.71% | 54.2 | 169.5 | 4.6 | 6.43% | 1.24% |
| NRZ | New Residential Investment Corp | 1.65% | — | — | — | — | — |
| SBRA | Sabra Health Care REIT, Inc. | 1.62% | 77.4 | 32.2 | 5.7 | 6.20% | 0.83% |
| OHI | Omega Healthcare Investors, Inc. | 1.62% | 16.3 | 10.1 | 11.6 | 5.96% | 3.93% |
| BNL | Broadstone Net Lease, Inc. | 1.54% | 23.9 | 24.6 | 8.1 | 6.45% | 2.55% |
| NNN | NNN REIT Inc | 1.54% | 20.6 | 20.4 | 8.4 | 5.97% | 2.95% |
| LTC | LTC Properties, Inc. | 1.53% | 15.6 | 12.5 | 6.9 | 5.22% | 3.88% |
| GLPI | Gaming and Leisure Properties, Inc. | 1.52% | 11.5 | 11.8 | 7.1 | 8.35% | 5.21% |
| MRP | Millrose Properties, Inc. | 1.52% | 7.8 | — | 4.9 | 14.04% | 7.63% |
| WPC | W. P. Carey Inc. | 1.52% | 22.3 | 24.2 | 8.2 | 5.83% | 2.68% |
| AGNC | AGNC Investment Corp. | 1.52% | 4.4 | 6.6 | 4.3 | 16.51% | 13.44% |
| CLPR | Clipper Realty Inc. | 1.51% | — | — | 0.9 | 12.06% | −6.74% |
| AAYA | ANNALY CAP.MGMT DL -01 | 1.43% | — | — | — | — | — |
| LINE | Lineage, Inc. | 1.43% | — | 769.2 | 1.5 | 6.40% | −1.11% |
| NREF | NexPoint Real Estate Finance, Inc. | 1.43% | 6.7 | — | 2.3 | 12.97% | 8.35% |
| UMH | UMH Properties, Inc. | 1.42% | 127.0 | 142.9 | 4.8 | 5.91% | 0.44% |
| VICI | VICI Properties Inc. | 1.42% | 9.2 | 7.8 | 6.3 | 7.80% | 6.09% |
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 RIET valuation
Adding up its 78 holdings with company data, RIET trades at 34.6 times trailing earnings and 12.3 times analysts' forward estimates, with a price-to-book ratio of 0.96 and a dividend yield of 11.06%. Its earnings yield of 2.89% is 2.43 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 18.6% of the fund and earn 1.7% of its combined profit. Companies that lost money over the past year are 24.2% 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 91.3% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: RIET chart, RIET performance, RIET holdings, RIET dividends.
RIET valuation FAQ
What is the P/E ratio of RIET?
Based on its holdings, RIET has a trailing P/E of 34.6 and a forward P/E of 12.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of RIET?
The trailing earnings yield is 2.89% (1 ÷ P/E) and the forward earnings yield 8.14%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is RIET more expensive than the S&P 500?
RIET trades at 34.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 12.3 and 19.9.
What is the price-to-book ratio of RIET?
The holdings of RIET trade at 0.96 times book value, with a combined return on equity of 2.8%.