Schwab U.S. Broad Market ETF (SCHB) Valuation
SCHB valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 27.9 trailing earnings
- Forward P/E
- 19.4 analyst estimates
- Price / sales
- 3.21
- Price / book
- 4.92
- EV / EBITDA
- 16.5
- Earnings yield
- 3.59% inverse of P/E
- Dividend yield
- 1.10% of the holdings
- Return on equity
- 17.7% combined
- Net margin
- 11.5% combined
- Beta
- 1.15 weighted, vs S&P 500
SCHB valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| SCHB | 27.9 | 19.4 | 3.21 | 4.92 | 1.10% | 17.7% | 11.5% | 4.3% |
| 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.
SCHB valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 36.7% | 35.5 | 23.3 | 8.07 | 11.53 | 0.53% | 32.4% |
| Financial Services | 12.2% | 16.5 | 14.0 | 3.03 | 2.23 | 1.56% | 13.5% |
| Healthcare | 10.4% | 48.9 | 17.5 | 1.84 | 5.14 | 1.31% | 10.5% |
| Consumer Cyclical | 9.2% | 27.9 | 21.7 | 2.16 | 5.64 | 0.76% | 20.2% |
| Communication Services | 8.5% | 18.9 | 18.7 | 4.54 | 4.71 | 0.71% | 24.9% |
| Industrials | 8.1% | 32.2 | 21.5 | 2.35 | 5.50 | 1.09% | 17.1% |
| Consumer Defensive | 4.6% | 30.3 | 20.7 | 1.49 | 6.02 | 2.27% | 19.9% |
| Energy | 3.8% | 19.8 | 12.6 | 1.77 | 2.43 | 2.21% | 12.2% |
| Real Estate | 2.1% | 36.5 | 27.3 | 4.71 | 2.53 | 3.87% | 6.9% |
| Utilities | 2.0% | 19.6 | 15.5 | 2.75 | 2.05 | 3.02% | 10.4% |
| Basic Materials | 1.8% | 34.7 | 16.2 | 2.28 | 3.35 | 1.34% | 9.6% |
| Information Technology | 0.0% | n/m | 45.0 | 20.20 | 2.74 | 0.00% | −2.7% |
| Services | 0.0% | 20.2 | 15.1 | 1.30 | 2.73 | 3.00% | 13.5% |
| Financials | 0.0% | 16.2 | — | 4.22 | 1.27 | 1.94% | 7.8% |
SCHB 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 SCHB weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
SCHB largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 7.18% | 39.4 | 35.2 | 10.7 | 0.31% | 5.14% |
| NVDA | NVIDIA Corporation | 6.78% | 27.1 | 24.9 | 17.1 | 0.47% | 7.06% |
| MSFT | Microsoft Corporation | 5.37% | 29.5 | 25.1 | 11.8 | 0.74% | 5.14% |
| AMZN | Amazon.com, Inc. | 3.41% | 20.1 | 23.6 | 3.5 | — | 4.78% |
| GOOGL | Alphabet Inc. | 2.51% | 17.1 | 22.8 | 9.3 | 0.26% | 4.13% |
| AVGO | Broadcom Inc. | 2.13% | 43.3 | 19.4 | 17.6 | 0.79% | 1.39% |
| GOOG | Alphabet Inc. | 2.08% | 16.9 | 21.8 | 9.2 | 0.26% | 3.47% |
| META | Meta Platforms, Inc. | 1.95% | 26.7 | 22.1 | 7.9 | 0.30% | 2.06% |
| TSLA | Tesla, Inc. | 1.50% | 328.4 | 158.7 | 13.5 | — | 0.13% |
| LLY | Eli Lilly and Company | 1.41% | 42.2 | 24.4 | 14.1 | 0.55% | 0.94% |
| BRK.B | Berkshire Hathaway Inc. | 1.38% | 13.4 | 22.7 | 3.0 | — | 2.91% |
| MU | Micron Technology, Inc. | 1.25% | 11.8 | 7.0 | 7.5 | 0.07% | 2.98% |
| JPM | JPMorgan Chase & Co. | 1.16% | 14.2 | 13.5 | 4.7 | 1.94% | 2.30% |
| AMD | Advanced Micro Devices, Inc. | 1.16% | 134.9 | 39.5 | 20.9 | — | 0.24% |
| XOM | Exxon Mobil Corporation | 0.95% | 23.0 | 14.8 | 2.0 | 2.30% | 1.17% |
| V | Visa Inc. | 0.95% | 34.3 | 24.0 | 17.0 | 0.67% | 0.78% |
| JNJ | Johnson & Johnson | 0.88% | 38.8 | 21.0 | 6.2 | 2.10% | 0.64% |
| MA | Mastercard Incorporated | 0.71% | 34.0 | 24.2 | 15.4 | 0.56% | 0.59% |
| WMT | Walmart Inc. | 0.69% | 43.0 | 38.0 | 1.3 | 0.83% | 0.45% |
| ABBV | AbbVie Inc. | 0.66% | 80.6 | 16.4 | 7.8 | 2.42% | 0.23% |
| PLTR | Palantir Technologies Inc. | 0.64% | 160.4 | 85.5 | 72.6 | — | 0.11% |
| COST | Costco Wholesale Corporation | 0.64% | 47.6 | 40.3 | 1.4 | 0.59% | 0.38% |
| CVX | Chevron Corporation | 0.59% | 21.2 | 15.2 | 2.1 | 3.16% | 0.78% |
| INTC | Intel Corporation | 0.56% | — | 63.3 | 8.3 | — | −0.38% |
| CSCO | Cisco Systems, Inc. | 0.56% | 32.2 | 19.8 | 6.7 | 1.56% | 0.49% |
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 SCHB valuation
Adding up its 2,213 holdings with company data, SCHB trades at 27.9 times trailing earnings and 19.4 times analysts' forward estimates, with a price-to-book ratio of 4.92 and a dividend yield of 1.10%. Its earnings yield of 3.59% is 1.74 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 34.3% of the fund and earn 34.2% of its combined profit. By sector, Healthcare is the most expensive at 48.9 times earnings and Financials the cheapest at 16.2. Companies that lost money over the past year are 4.3% 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: SCHB chart, SCHB performance, SCHB holdings, SCHB dividends.
SCHB valuation FAQ
What is the P/E ratio of SCHB?
Based on its holdings, SCHB has a trailing P/E of 27.9 and a forward P/E of 19.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of SCHB?
The trailing earnings yield is 3.59% (1 ÷ P/E) and the forward earnings yield 5.16%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is SCHB more expensive than the S&P 500?
SCHB trades at 27.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.4 and 19.9.
What is the price-to-book ratio of SCHB?
The holdings of SCHB trade at 4.92 times book value, with a combined return on equity of 17.7%.
Which sector in SCHB has the highest P/E?
Healthcare has the highest P/E at 48.9 and Financials the lowest at 16.2.