Rayliant Wilshire NxtGen US Large Cap Equity ETF (RWLC) Valuation
RWLC valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 23.0 trailing earnings
- Forward P/E
- 16.5 analyst estimates
- Price / sales
- 2.14
- Price / book
- 6.49
- EV / EBITDA
- 16.7
- Earnings yield
- 4.35% inverse of P/E
- Dividend yield
- 0.92% of the holdings
- Return on equity
- 28.2% combined
- Net margin
- 9.3% combined
- Beta
- 1.06 weighted, vs S&P 500
RWLC valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| RWLC | 23.0 | 16.5 | 2.14 | 6.49 | 0.92% | 28.2% | 9.3% | 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.
RWLC valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 38.6% | 28.3 | 21.3 | 9.08 | 18.01 | 0.42% | 63.6% |
| Financial Services | 14.1% | 13.4 | 12.5 | 2.17 | 2.71 | 1.19% | 20.2% |
| Healthcare | 13.6% | 49.0 | 17.4 | 0.75 | 6.79 | 1.13% | 13.8% |
| Consumer Cyclical | 9.5% | 24.1 | 15.0 | 1.84 | 5.47 | 0.58% | 22.7% |
| Communication Services | 8.1% | 17.7 | 20.2 | 6.62 | 6.19 | 0.35% | 34.9% |
| Energy | 7.4% | 20.5 | 10.0 | 1.36 | 4.64 | 1.61% | 22.6% |
| Consumer Defensive | 4.1% | 22.6 | 14.4 | 1.05 | 10.36 | 3.87% | 45.8% |
| Basic Materials | 2.5% | 13.5 | 12.5 | 1.75 | 2.56 | 2.36% | 18.9% |
| Industrials | 1.5% | 29.6 | 29.6 | 4.97 | 15.31 | 0.36% | 51.7% |
| Real Estate | 0.1% | 14.5 | 30.7 | 11.24 | 15.03 | 4.33% | 103.7% |
RWLC 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 RWLC weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
RWLC largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 9.72% | 39.4 | 35.2 | 10.7 | 0.31% | 5.71% |
| NVDA | NVIDIA Corporation | 5.95% | 27.1 | 24.9 | 17.1 | 0.47% | 5.08% |
| MSFT | Microsoft Corporation | 3.75% | 29.5 | 25.1 | 11.8 | 0.74% | 2.94% |
| GOOGL | Alphabet Inc. | 3.07% | 17.1 | 22.8 | 9.3 | 0.26% | 4.15% |
| MA | Mastercard Incorporated | 2.76% | 34.0 | 24.2 | 15.4 | 0.56% | 1.88% |
| LLY | Eli Lilly and Company | 2.58% | 42.2 | 24.4 | 14.1 | 0.55% | 1.41% |
| GOOG | Alphabet Inc. | 2.58% | 16.9 | 21.8 | 9.2 | 0.26% | 3.52% |
| AMZN | Amazon.com, Inc. | 2.24% | 20.1 | 23.6 | 3.5 | — | 2.57% |
| MU | Micron Technology, Inc. | 2.16% | 11.8 | 7.0 | 7.5 | 0.07% | 4.22% |
| GILD | Gilead Sciences, Inc. | 2.13% | — | 15.6 | 6.4 | 2.10% | −0.84% |
| MO | Altria Group, Inc. | 2.06% | 15.8 | 11.9 | 6.1 | 5.91% | 3.02% |
| MPC | Marathon Petroleum Corporation | 2.00% | 16.6 | 5.5 | 0.9 | 0.84% | 2.79% |
| VLO | Valero Energy Corporation | 1.98% | 18.5 | 10.2 | 1.0 | 1.08% | 2.47% |
| MCK | McKesson Corporation | 1.83% | 26.9 | 19.7 | 0.3 | 0.37% | 1.57% |
| FTNT | Fortinet, Inc. | 1.74% | 59.8 | 45.0 | 16.5 | — | 0.67% |
| ADBE | Adobe Inc. | 1.74% | 13.7 | 8.7 | 3.7 | — | 2.94% |
| LRCX | Lam Research Corporation | 1.54% | 45.8 | 33.7 | 14.2 | 0.50% | 0.78% |
| BNY | The Bank of New York Mellon Corporation | 1.46% | 15.9 | 15.0 | 4.4 | 1.55% | 2.12% |
| XOM | Exxon Mobil Corporation | 1.45% | 23.0 | 14.8 | 2.0 | 2.30% | 1.45% |
| TRV | The Travelers Companies, Inc. | 1.37% | 10.5 | 10.8 | 1.7 | 1.28% | 3.03% |
| PGR | The Progressive Corporation | 1.31% | 11.0 | 12.7 | 1.4 | 0.18% | 2.75% |
| ADP | Automatic Data Processing, Inc. | 1.24% | 26.4 | 22.0 | 5.2 | 2.35% | 1.09% |
| ABBV | AbbVie Inc. | 1.23% | 80.6 | 16.4 | 7.8 | 2.42% | 0.35% |
| AVGO | Broadcom Inc. | 1.18% | 43.3 | 19.4 | 17.6 | 0.79% | 0.63% |
| ORLY | O'Reilly Automotive, Inc. | 1.14% | 28.3 | 23.4 | 3.9 | — | 0.93% |
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 RWLC valuation
Adding up its 106 holdings with company data, RWLC trades at 23.0 times trailing earnings and 16.5 times analysts' forward estimates, with a price-to-book ratio of 6.49 and a dividend yield of 0.92%. Its earnings yield of 4.35% is 0.98 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 36.9% of the fund and earn 30.7% of its combined profit. By sector, Healthcare is the most expensive at 49.0 times earnings and Financial Services the cheapest at 13.4. 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 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: RWLC chart, RWLC performance, RWLC holdings, RWLC dividends.
RWLC valuation FAQ
What is the P/E ratio of RWLC?
Based on its holdings, RWLC has a trailing P/E of 23.0 and a forward P/E of 16.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of RWLC?
The trailing earnings yield is 4.35% (1 ÷ P/E) and the forward earnings yield 6.05%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is RWLC more expensive than the S&P 500?
RWLC trades at 23.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 16.5 and 19.9.
What is the price-to-book ratio of RWLC?
The holdings of RWLC trade at 6.49 times book value, with a combined return on equity of 28.2%.
Which sector in RWLC has the highest P/E?
Healthcare has the highest P/E at 49.0 and Financial Services the lowest at 13.4.