Schwab U.S. Mid-Cap ETF (SCHM) Valuation

NYSE Arca: SCHMP/E, earnings yield and other ratios of the holdings combined.

SCHM valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 28.3
Forward P/E: 14.8
Price / sales: 1.53
Price / book: 2.73
EV / EBITDA: 13.4
Earnings yield: 3.53%
Dividend yield: 1.42%
Return on equity: 9.6%
Net margin: 5.4%
Beta: 1.04

SCHM valuation vs other stock ETFs

P/E (TTM)Forward P/E

SCHM valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
SCHM	28.3	14.8	1.53	2.73	1.42%	9.6%	5.4%	13.3%
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.

SCHM valuation by sector

P/E (TTM)Forward P/E

SCHM valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Industrials	17.8%	33.8	17.4	1.46	3.78	1.03%	11.2%
Technology	16.3%	38.7	18.8	2.44	5.05	0.22%	13.1%
Financial Services	14.2%	16.2	10.3	1.36	1.67	2.12%	10.3%
Healthcare	13.0%	71.5	17.1	2.34	3.86	0.16%	5.4%
Consumer Cyclical	11.1%	21.3	13.7	1.03	3.36	1.12%	15.8%
Real Estate	7.8%	26.8	21.9	3.73	2.01	4.68%	7.5%
Consumer Defensive	4.5%	45.9	12.8	0.51	2.16	2.30%	4.7%
Energy	4.2%	14.4	10.5	1.58	1.66	2.07%	11.5%
Basic Materials	4.1%	28.5	13.4	1.44	2.32	1.28%	8.1%
Communication Services	3.1%	183.9	11.3	2.05	2.06	1.32%	1.1%
Utilities	3.1%	20.2	13.7	2.49	1.96	3.02%	9.7%

SCHM earnings yield vs bond yields

SCHM earnings yield (forward)

6.77%

SCHM earnings yield (trailing)

3.53%

SCHM dividend yield

1.42%

Bond market yield (AGG)

5.33%

T-bill yield (BIL)

3.91%

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 SCHM weight splits by P/E

Share of the covered weight in companies with a trailing P/E in each range.

SCHM largest holdings: valuation

SCHM largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
OKTA	Okta, Inc.	0.67%	112.8	54.3	10.7	—	0.17%
FFIV	F5, Inc.	0.55%	35.2	24.6	7.6	—	0.46%
UTHR	United Therapeutics Corporation	0.51%	19.1	16.4	7.2	—	0.78%
USFD	US Foods Holding Corp.	0.47%	31.4	17.0	0.5	—	0.44%
XPO	XPO Logistics, Inc.	0.46%	54.9	27.0	2.5	—	0.25%
RS	Reliance Steel & Aluminum Co.	0.46%	23.9	16.4	1.3	1.22%	0.56%
GH	Guardant Health, Inc.	0.46%	—	—	18.0	—	−0.30%
OMC	Omnicom Group Inc.	0.45%	212.0	7.4	1.0	3.97%	0.06%
PKG	Packaging Corporation of America	0.45%	30.7	18.7	2.2	2.54%	0.43%
NI	NiSource Inc.	0.44%	22.7	17.4	3.0	2.81%	0.57%
ROKU	Roku, Inc	0.44%	65.8	39.1	4.4	—	0.20%
PTC	PTC Inc.	0.44%	18.7	16.3	7.1	—	0.68%
THC	Tenet Healthcare Corporation	0.43%	10.5	12.5	1.0	—	1.20%
VTRS	Viatris Inc.	0.42%	—	6.4	1.5	2.57%	−0.24%
CDW	CDW Corporation	0.41%	18.1	15.2	0.8	1.67%	0.66%
TPL	Texas Pacific Land Corporation	0.40%	44.8	37.7	27.0	0.68%	0.26%
YZ8	Permian Resources Corporation	0.40%	—	—	—	—	—
INCY	Incyte Corporation	0.40%	14.4	14.7	3.9	—	0.82%
SNX	TD SYNNEX Corporation	0.40%	15.0	12.7	0.3	0.78%	0.78%
RBRK	Rubrik, Inc.	0.40%	—	625.0	15.0	—	−0.10%
OVV	Ovintiv Inc.	0.39%	19.3	9.0	2.0	1.73%	0.60%
SWKS	Skyworks Solutions, Inc.	0.39%	41.3	17.8	4.7	—	0.28%
ENTG	Entegris, Inc.	0.39%	69.4	31.6	6.4	0.29%	0.16%
RGLD	Royal Gold, Inc.	0.39%	26.4	24.2	13.1	0.80%	0.43%
EVRG	Evergy, Inc.	0.39%	21.2	19.5	3.2	3.34%	0.54%

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 SCHM valuation

Adding up its 482 holdings with company data, SCHM trades at 28.3 times trailing earnings and 14.8 times analysts' forward estimates, with a price-to-book ratio of 2.73 and a dividend yield of 1.42%. Its earnings yield of 3.53% is 1.80 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 4.9% of the fund and earn 3.4% of its combined profit. By sector, Communication Services is the most expensive at 183.9 times earnings and Energy the cheapest at 14.4. Companies that lost money over the past year are 13.3% 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 97.1% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

SCHM valuation FAQ

What is the P/E ratio of SCHM?

Based on its holdings, SCHM has a trailing P/E of 28.3 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 SCHM?

The trailing earnings yield is 3.53% (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 SCHM more expensive than the S&P 500?

SCHM trades at 28.3 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 SCHM?

The holdings of SCHM trade at 2.73 times book value, with a combined return on equity of 9.6%.

Which sector in SCHM has the highest P/E?

Communication Services has the highest P/E at 183.9 and Energy the lowest at 14.4.