The Advisors’ Inner Circle Fund III (SAMM) Valuation
SAMM valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 40.8 trailing earnings
- Forward P/E
- 14.3 analyst estimates
- Price / sales
- 1.14
- Price / book
- 3.94
- EV / EBITDA
- 9.2
- Earnings yield
- 2.45% inverse of P/E
- Dividend yield
- 0.90% of the holdings
- Return on equity
- 9.7% combined
- Net margin
- 2.8% combined
- Beta
- 1.26 weighted, vs S&P 500
SAMM valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| SAMM | 40.8 | 14.3 | 1.14 | 3.94 | 0.90% | 9.7% | 2.8% | 20.0% |
| 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.
SAMM valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 38.2% | 43.8 | 16.8 | 1.28 | 5.59 | 0.27% | 12.8% |
| Healthcare | 25.0% | n/m | 22.9 | 1.03 | 4.52 | 0.48% | −8.1% |
| Energy | 12.3% | 15.4 | 8.2 | 0.82 | 3.16 | 1.34% | 20.5% |
| Financial Services | 11.4% | 16.1 | 10.4 | 1.73 | 1.89 | 2.64% | 11.8% |
| Industrials | 4.7% | 44.3 | 24.2 | 1.18 | 6.15 | 0.49% | 13.9% |
| Consumer Defensive | 2.6% | 16.0 | 15.6 | 0.65 | 4.05 | 3.01% | 25.3% |
| Basic Materials | 2.6% | 20.4 | 11.4 | 1.61 | 2.53 | 0.87% | 12.4% |
| Communication Services | 1.9% | 20.9 | 10.0 | 1.92 | 6.27 | 3.62% | 30.0% |
SAMM 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 SAMM weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
SAMM largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| DINO | HF Sinclair Corporation | 3.24% | 11.9 | 10.0 | 0.7 | 1.68% | 11.20% |
| VLO | Valero Energy Corporation | 3.16% | 18.5 | 10.2 | 1.0 | 1.08% | 7.03% |
| MPC | Marathon Petroleum Corporation | 3.15% | 16.6 | 5.5 | 0.9 | 0.84% | 7.85% |
| CRWD | CrowdStrike Holdings, Inc. | 2.92% | — | 208.3 | 43.1 | — | 0.03% |
| PSX | Phillips 66 | 2.78% | 16.8 | 9.7 | 0.8 | 1.81% | 6.84% |
| CNC | Centene Corporation | 2.75% | — | 11.2 | 0.2 | — | −17.15% |
| CRL | Charles River Laboratories International, Inc. | 2.74% | — | 22.4 | 3.6 | — | −1.81% |
| HUM | Humana Inc. | 2.69% | 39.1 | 24.3 | 0.3 | 0.86% | 2.84% |
| AMD | Advanced Micro Devices, Inc. | 2.68% | 134.9 | 39.5 | 20.9 | — | 0.82% |
| FTNT | Fortinet, Inc. | 2.68% | 59.8 | 45.0 | 16.5 | — | 1.85% |
| ARMK | Aramark | 2.66% | 38.7 | 21.5 | 0.7 | 0.87% | 2.84% |
| VOYA | Voya Financial, Inc. | 2.62% | 15.8 | 8.7 | 1.0 | 2.00% | 6.84% |
| TGT | Target Corporation | 2.61% | 16.0 | 15.6 | 0.7 | 3.01% | 6.73% |
| NUE | Nucor Corporation | 2.57% | 20.4 | 11.4 | 1.6 | 0.87% | 5.20% |
| HPE | Hewlett Packard Enterprise Company | 2.57% | 28.4 | 13.6 | 1.7 | 1.03% | 3.74% |
| MRK | Merck & Co., Inc. | 2.56% | 115.8 | 15.3 | 5.4 | 2.33% | 0.91% |
| RPRX | Royalty Pharma plc | 2.50% | 32.4 | 29.4 | 13.9 | 1.54% | 3.18% |
| INTC | Intel Corporation | 2.48% | — | 63.3 | 8.3 | — | −2.42% |
| MRVL | Marvell Technology, Inc. | 2.47% | 72.3 | 62.1 | 21.7 | 0.11% | 1.41% |
| PANW | Palo Alto Networks, Inc. | 2.46% | 855.0 | 94.3 | 24.4 | — | 0.12% |
| NTRA | Natera, Inc. | 2.43% | — | — | 20.9 | — | −0.34% |
| ILMN | Illumina, Inc. | 2.43% | 49.0 | 40.3 | 8.8 | — | 2.05% |
| GH | Guardant Health, Inc. | 2.43% | — | — | 18.0 | — | −2.21% |
| DELL | Dell Technologies Inc. | 2.42% | 26.3 | 21.3 | 1.9 | 0.56% | 3.80% |
| SNX | TD SYNNEX Corporation | 2.42% | 15.0 | 12.7 | 0.3 | 0.78% | 6.63% |
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 SAMM valuation
Adding up its 40 holdings with company data, SAMM trades at 40.8 times trailing earnings and 14.3 times analysts' forward estimates, with a price-to-book ratio of 3.94 and a dividend yield of 0.90%. Its earnings yield of 2.45% is 2.88 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 28.8% of the fund and earn 19.5% of its combined profit. By sector, Industrials is the most expensive at 44.3 times earnings and Energy the cheapest at 15.4. Companies that lost money over the past year are 20.0% 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: SAMM chart, SAMM performance, SAMM holdings, SAMM dividends.
SAMM valuation FAQ
What is the P/E ratio of SAMM?
Based on its holdings, SAMM has a trailing P/E of 40.8 and a forward P/E of 14.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of SAMM?
The trailing earnings yield is 2.45% (1 ÷ P/E) and the forward earnings yield 7.00%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is SAMM more expensive than the S&P 500?
SAMM trades at 40.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 14.3 and 19.9.
What is the price-to-book ratio of SAMM?
The holdings of SAMM trade at 3.94 times book value, with a combined return on equity of 9.7%.
Which sector in SAMM has the highest P/E?
Industrials has the highest P/E at 44.3 and Energy the lowest at 15.4.