JPMorgan Fundamental Data Science Small Core ETF (SCDS) Valuation
SCDS valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 36.2 trailing earnings
- Forward P/E
- 14.8 analyst estimates
- Price / sales
- 1.40
- Price / book
- 2.24
- EV / EBITDA
- 12.3
- Earnings yield
- 2.76% inverse of P/E
- Dividend yield
- 1.33% of the holdings
- Return on equity
- 6.2% combined
- Net margin
- 3.9% combined
- Beta
- 1.13 weighted, vs S&P 500
SCDS valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| SCDS | 36.2 | 14.8 | 1.40 | 2.24 | 1.33% | 6.2% | 3.9% | 16.0% |
| 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.
SCDS valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 18.7% | 15.2 | 10.9 | 1.18 | 1.35 | 2.60% | 8.9% |
| Healthcare | 17.6% | n/m | 20.7 | 3.08 | 4.86 | 0.06% | −16.7% |
| Technology | 15.6% | 847.4 | 17.1 | 1.67 | 4.32 | 0.16% | 0.5% |
| Industrials | 11.7% | 24.7 | 17.7 | 1.36 | 2.56 | 0.70% | 10.4% |
| Consumer Cyclical | 9.7% | 16.4 | 12.4 | 0.77 | 2.18 | 1.20% | 13.3% |
| Real Estate | 5.9% | 26.6 | 21.7 | 2.04 | 1.84 | 4.16% | 6.9% |
| Energy | 4.8% | 14.2 | 10.1 | 1.88 | 1.30 | 1.97% | 9.2% |
| Basic Materials | 3.0% | 150.7 | 17.6 | 1.82 | 2.70 | 0.79% | 1.8% |
| Utilities | 2.9% | 19.5 | 17.0 | 2.30 | 1.58 | 3.32% | 8.1% |
| Consumer Defensive | 2.0% | 46.8 | 17.4 | 0.56 | 1.94 | 0.91% | 4.1% |
| Communication Services | 1.8% | n/m | 11.7 | 0.88 | 4.04 | 0.25% | −8.8% |
| Services | 0.5% | 14.2 | 15.3 | 1.60 | 2.99 | 2.71% | 21.0% |
SCDS 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 SCDS weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
SCDS largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| RHP | Ryman Hospitality Properties, Inc. | 1.06% | 30.7 | 25.8 | 3.2 | 3.81% | 1.41% |
| CHEF | The Chefs' Warehouse, Inc. | 1.05% | 54.1 | 25.6 | 1.1 | — | 0.79% |
| WSFS | WSFS Financial Corporation | 0.94% | 12.8 | 11.1 | 3.6 | 1.05% | 2.99% |
| TWST | Twist Bioscience Corporation | 0.93% | — | — | 20.4 | — | −0.63% |
| LTH | Life Time Group Holdings, Inc. | 0.92% | 22.1 | 20.2 | 2.8 | — | 1.69% |
| AZZ | AZZ Inc. | 0.89% | 23.3 | 20.3 | 2.2 | 0.74% | 1.55% |
| CON | Concentra Group Holdings Parent, Inc. | 0.86% | 24.9 | 18.0 | 2.1 | 0.65% | 1.41% |
| MOG.A | Moog Inc. | 0.84% | 31.1 | 31.7 | 2.7 | 0.33% | 1.09% |
| MCRI | Monarch Casino & Resort, Inc. | 0.83% | 18.2 | 16.9 | 3.6 | 1.06% | 1.87% |
| SM | SM Energy Company | 0.80% | 7.0 | 4.4 | 1.9 | 2.23% | 4.65% |
| FFBC | First Financial Bancorp. | 0.80% | 11.1 | 8.9 | 3.5 | 3.21% | 2.92% |
| FIBK | First Interstate BancSystem, Inc. | 0.74% | 10.8 | 12.2 | 3.1 | 5.40% | 2.81% |
| WTS | Watts Water Technologies, Inc. | 0.74% | 31.2 | 25.3 | 4.4 | 0.64% | 0.97% |
| QLYS | Qualys, Inc. | 0.72% | 31.4 | 21.9 | 9.1 | — | 0.94% |
| TCBK | TriCo Bancshares | 0.72% | 12.5 | 12.1 | 3.9 | 2.77% | 2.34% |
| KRG | Kite Realty Group Trust | 0.70% | 15.4 | 42.6 | 6.3 | 4.71% | 1.86% |
| CPK | Chesapeake Utilities Corporation | 0.68% | 21.1 | 17.9 | 3.4 | 2.22% | 1.32% |
| RUSHA | Rush Enterprises, Inc. | 0.68% | 20.5 | 11.1 | 0.7 | 1.23% | 1.35% |
| PTGX | Protagonist Therapeutics, Inc. | 0.67% | 125.0 | 36.9 | 29.5 | — | 0.22% |
| SFNC | Simmons First National Corporation | 0.67% | — | 9.5 | 3.4 | 3.90% | −2.98% |
| PRM | Perimeter Solutions, SA | 0.66% | — | 17.9 | 5.7 | — | −2.27% |
| RDN | Radian Group Inc. | 0.66% | 8.4 | 6.3 | 2.7 | 3.00% | 3.21% |
| ICUI | ICU Medical, Inc. | 0.66% | 137.0 | 16.9 | 1.9 | — | 0.20% |
| HALO | Halozyme Therapeutics, Inc. | 0.66% | 35.6 | 11.5 | 8.3 | — | 0.76% |
| CHCO | City Holding Company | 0.66% | 15.5 | 16.4 | 6.2 | 2.82% | 1.74% |
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 SCDS valuation
Adding up its 250 holdings with company data, SCDS trades at 36.2 times trailing earnings and 14.8 times analysts' forward estimates, with a price-to-book ratio of 2.24 and a dividend yield of 1.33%. Its earnings yield of 2.76% is 2.57 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 9.1% of the fund and earn 16.8% of its combined profit. By sector, Technology is the most expensive at 847.4 times earnings and Energy the cheapest at 14.2. Companies that lost money over the past year are 16.0% 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 93.2% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: SCDS chart, SCDS performance, SCDS holdings, SCDS dividends.
SCDS valuation FAQ
What is the P/E ratio of SCDS?
Based on its holdings, SCDS has a trailing P/E of 36.2 and a forward P/E of 14.8 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of SCDS?
The trailing earnings yield is 2.76% (1 ÷ P/E) and the forward earnings yield 6.77%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is SCDS more expensive than the S&P 500?
SCDS trades at 36.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 14.8 and 19.9.
What is the price-to-book ratio of SCDS?
The holdings of SCDS trade at 2.24 times book value, with a combined return on equity of 6.2%.
Which sector in SCDS has the highest P/E?
Technology has the highest P/E at 847.4 and Energy the lowest at 14.2.