Bushido Capital US SMID Cap Equity ETF (RNIN) Valuation
RNIN valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 18.7 trailing earnings
- Forward P/E
- 9.8 analyst estimates
- Price / sales
- 1.15
- Price / book
- 2.37
- EV / EBITDA
- 8.4
- Earnings yield
- 5.34% inverse of P/E
- Dividend yield
- 1.50% of the holdings
- Return on equity
- 12.6% combined
- Net margin
- 6.2% combined
- Beta
- 0.99 weighted, vs S&P 500
RNIN valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| RNIN | 18.7 | 9.8 | 1.15 | 2.37 | 1.50% | 12.6% | 6.2% | 2.5% |
| 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.
RNIN valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 31.7% | n/m | 9.8 | 1.33 | 2.68 | 0.57% | 0.1% |
| Consumer Cyclical | 22.0% | 13.3 | 9.4 | 0.82 | 2.38 | 0.97% | 17.9% |
| Energy | 13.9% | 9.3 | 8.2 | 1.94 | 1.39 | 6.00% | 15.0% |
| Communication Services | 9.9% | 17.9 | 9.8 | 1.60 | 2.83 | 1.02% | 15.8% |
| Healthcare | 9.1% | 13.6 | 10.6 | 1.29 | 2.75 | 0.06% | 20.2% |
| Industrials | 6.1% | 14.9 | 15.2 | 1.03 | 3.45 | 1.80% | 23.2% |
| Consumer Defensive | 5.1% | 16.6 | 11.4 | 0.62 | 2.96 | 0.64% | 17.8% |
| Basic Materials | 1.1% | 6.1 | 6.5 | 1.30 | 2.74 | 0.00% | 45.3% |
RNIN 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 RNIN weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
RNIN largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| BLKB | Blackbaud, Inc. | 1.52% | 16.1 | 7.7 | 2.0 | — | 1.78% |
| PINS | Pinterest, Inc | 1.48% | 64.4 | 8.0 | 2.7 | — | 0.43% |
| CXM | Sprinklr, Inc. | 1.48% | 64.8 | 20.7 | 1.6 | — | 0.43% |
| YOU | Clear Secure, Inc. | 1.47% | 29.5 | — | 4.5 | 1.31% | 0.95% |
| GLOB | Globant S.A. | 1.45% | 15.5 | 5.4 | 0.7 | — | 1.77% |
| DOCU | DocuSign, Inc. | 1.43% | 45.5 | 15.1 | 4.2 | — | 0.60% |
| IT | Gartner, Inc. | 1.42% | 18.6 | 11.3 | 2.0 | — | 1.45% |
| FRSH | Freshworks Inc. | 1.42% | 21.8 | 15.7 | 4.0 | — | 1.23% |
| SM | SM Energy Company | 1.40% | 7.0 | 4.4 | 1.9 | 2.23% | 3.77% |
| EPAM | EPAM Systems, Inc. | 1.38% | 16.6 | 8.3 | 1.1 | — | 1.58% |
| LYFT | Lyft, Inc. | 1.38% | 2.5 | 9.3 | 0.9 | — | 10.45% |
| VNOM | Viper Energy Partners LP | 1.38% | — | 13.7 | 8.4 | 5.44% | 0.01% |
| G | Genpact Limited | 1.37% | 11.1 | 18.3 | 1.2 | 2.01% | 2.34% |
| ETSY | Etsy, Inc. | 1.37% | 24.9 | 14.9 | 2.7 | — | 1.04% |
| DECK | Deckers Outdoor Corporation | 1.37% | 12.1 | 10.6 | 2.1 | — | 2.13% |
| HRB | H&R Block, Inc. | 1.36% | 8.6 | 6.8 | 1.5 | 3.78% | 3.01% |
| EXPE | Expedia Group, Inc. | 1.36% | 18.0 | 11.3 | 2.2 | 0.66% | 1.42% |
| CART | Instacart (Maplebear Inc.) | 1.35% | 27.2 | 13.0 | 3.0 | — | 0.94% |
| MGY | Magnolia Oil & Gas Corporation | 1.35% | 11.1 | 9.2 | 4.7 | 2.60% | 2.30% |
| KR | The Kroger Co. | 1.34% | 35.4 | 11.3 | 0.3 | 2.45% | 0.72% |
| RPD | Rapid7, Inc. | 1.34% | 40.7 | 7.2 | 1.0 | — | 0.62% |
| VRSK | Verisk Analytics, Inc. | 1.32% | 29.3 | 20.1 | 8.0 | 1.05% | 0.85% |
| OSCR | Oscar Health, Inc. | 1.31% | 24.7 | 588.2 | 0.6 | — | 1.01% |
| LRN | Stride, Inc. | 1.30% | 11.5 | 8.6 | 1.4 | — | 2.14% |
| CHRD | Chord Energy Corporation | 1.29% | 10.4 | — | 1.4 | 3.36% | 2.35% |
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 RNIN valuation
Adding up its 79 holdings with company data, RNIN trades at 18.7 times trailing earnings and 9.8 times analysts' forward estimates, with a price-to-book ratio of 2.37 and a dividend yield of 1.50%. Its earnings yield of 5.34% is 0.01 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 14.5% of the fund and earn 14.0% of its combined profit. By sector, Communication Services is the most expensive at 17.9 times earnings and Basic Materials the cheapest at 6.1. Companies that lost money over the past year are 2.5% 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 98.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: RNIN chart, RNIN performance, RNIN holdings, RNIN dividends.
RNIN valuation FAQ
What is the P/E ratio of RNIN?
Based on its holdings, RNIN has a trailing P/E of 18.7 and a forward P/E of 9.8 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of RNIN?
The trailing earnings yield is 5.34% (1 ÷ P/E) and the forward earnings yield 10.24%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is RNIN more expensive than the S&P 500?
RNIN trades at 18.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 9.8 and 19.9.
What is the price-to-book ratio of RNIN?
The holdings of RNIN trade at 2.37 times book value, with a combined return on equity of 12.6%.
Which sector in RNIN has the highest P/E?
Communication Services has the highest P/E at 17.9 and Basic Materials the lowest at 6.1.