Baron ETF (RONB) Valuation
RONB valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 57.9 trailing earnings
- Forward P/E
- 36.9 analyst estimates
- Price / sales
- 8.78
- Price / book
- 8.27
- EV / EBITDA
- 27.2
- Earnings yield
- 1.73% inverse of P/E
- Dividend yield
- 0.27% of the holdings
- Return on equity
- 14.3% combined
- Net margin
- 15.2% combined
- Beta
- 1.38 weighted, vs S&P 500
RONB valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| RONB | 57.9 | 36.9 | 8.78 | 8.27 | 0.27% | 14.3% | 15.2% | 38.8% |
| 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.
RONB valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Industrials | 40.9% | n/m | 157.9 | 51.62 | 14.39 | 0.01% | −4.1% |
| Consumer Cyclical | 29.9% | 43.5 | 27.5 | 5.12 | 6.31 | 0.29% | 14.5% |
| Financial Services | 18.3% | 19.0 | 17.0 | 5.02 | 4.94 | 1.01% | 26.0% |
| Technology | 6.5% | 111.0 | 48.7 | 13.45 | 12.96 | 0.00% | 11.7% |
| Communication Services | 2.9% | 30.5 | 28.6 | 6.02 | 10.92 | 0.00% | 35.8% |
| Healthcare | 1.7% | 39.8 | 31.4 | 9.70 | 25.48 | 0.00% | 64.0% |
RONB 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 RONB weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
RONB largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| SPCX | Space Exploration Technologies Corp. | 38.82% | — | 200.0 | 83.5 | — | −9.87% |
| TSLA | Tesla, Inc. | 8.94% | 328.4 | 158.7 | 13.5 | — | 1.57% |
| FIGS | FIGS, Inc. | 6.43% | 57.9 | 31.5 | 4.5 | — | 6.42% |
| SHOP | Shopify Inc. | 4.53% | 114.5 | 58.8 | 16.6 | — | 2.29% |
| MSCI | MSCI Inc. | 4.33% | 31.1 | 24.7 | 12.4 | 1.44% | 8.06% |
| H | Hyatt Hotels Corporation | 3.98% | 208.8 | 27.9 | 4.7 | 0.35% | 1.10% |
| IBKR | Interactive Brokers Group, Inc. | 3.16% | 31.6 | 28.2 | 20.0 | 0.42% | 5.79% |
| SCHW | The Charles Schwab Corporation | 2.93% | 15.7 | 12.9 | 5.9 | 1.39% | 10.77% |
| SPOT | Spotify Technology S.A | 2.85% | 30.5 | 28.6 | 6.0 | — | 5.41% |
| FDS | FactSet Research Systems Inc. | 2.83% | 20.7 | 13.9 | 4.3 | 1.54% | 7.91% |
| MORN | Morningstar, Inc. | 2.45% | 19.7 | 19.8 | 3.0 | 0.96% | 7.18% |
| CHH | Choice Hotels International, Inc. | 2.35% | 15.3 | 12.7 | 4.8 | 1.06% | 8.88% |
| ABNB | Airbnb, Inc. | 2.28% | 39.6 | 25.4 | 7.9 | — | 3.33% |
| RRR | Red Rock Resorts, Inc. | 2.19% | 17.4 | 16.3 | 2.5 | 2.11% | 7.28% |
| HEI.A | HEICO Corporation | 2.06% | 38.8 | 31.7 | 6.3 | 0.11% | 3.07% |
| ONON | On Holding AG | 1.99% | 23.2 | 15.8 | 3.6 | — | 4.97% |
| GWRE | Guidewire Software, Inc. | 1.97% | 103.6 | 34.8 | 9.4 | — | 1.10% |
| ACGL | Arch Capital Group Ltd. | 1.73% | 7.9 | 9.6 | 1.8 | — | 12.65% |
| IDXX | IDEXX Laboratories, Inc. | 1.69% | 39.8 | 31.4 | 9.7 | — | 2.46% |
| BIRK | Birkenstock Holding plc | 1.68% | 15.9 | 11.5 | 2.5 | — | 6.10% |
| KNSL | Kinsale Capital Group, Inc. | 0.91% | 14.8 | 15.1 | 4.2 | 0.27% | 3.55% |
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 RONB valuation
Adding up its 21 holdings with company data, RONB trades at 57.9 times trailing earnings and 36.9 times analysts' forward estimates, with a price-to-book ratio of 8.27 and a dividend yield of 0.27%. Its earnings yield of 1.73% is 3.60 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 78.8% of the fund and earn 39.4% of its combined profit. By sector, Technology is the most expensive at 111.0 times earnings and Financial Services the cheapest at 19.0. Companies that lost money over the past year are 38.8% 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 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: RONB chart, RONB holdings, RONB dividends.
RONB valuation FAQ
What is the P/E ratio of RONB?
Based on its holdings, RONB has a trailing P/E of 57.9 and a forward P/E of 36.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of RONB?
The trailing earnings yield is 1.73% (1 ÷ P/E) and the forward earnings yield 2.71%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is RONB more expensive than the S&P 500?
RONB trades at 57.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 36.9 and 19.9.
What is the price-to-book ratio of RONB?
The holdings of RONB trade at 8.27 times book value, with a combined return on equity of 14.3%.
Which sector in RONB has the highest P/E?
Technology has the highest P/E at 111.0 and Financial Services the lowest at 19.0.