ProShares UltraShort Utilities (SDP) Valuation
SDP valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 17.9 trailing earnings
- Forward P/E
- 15.1 analyst estimates
- Price / sales
- 2.55
- Price / book
- 1.91
- EV / EBITDA
- 11.8
- Earnings yield
- 5.59% inverse of P/E
- Dividend yield
- 3.43% of the holdings
- Return on equity
- 10.6% combined
- Net margin
- 14.2% combined
- Beta
- 0.51 weighted, vs S&P 500
SDP valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| SDP | 17.9 | 15.1 | 2.55 | 1.91 | 3.43% | 10.6% | 14.2% | 0.0% |
| 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.
SDP valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Utilities | 98.3% | 17.9 | 15.1 | 2.54 | 1.91 | 3.44% | 10.6% |
| Energy | 0.4% | 11.1 | 9.8 | 3.02 | 1.90 | 2.78% | 17.1% |
SDP 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 SDP weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
SDP largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NEE | NextEra Energy, Inc. | 11.59% | 17.9 | 17.7 | 5.8 | 3.12% | 11.89% |
| SO | The Southern Company | 6.81% | 22.0 | 17.0 | 3.5 | 3.33% | 5.70% |
| D | Dominion Energy, Inc. | 6.63% | 22.0 | 15.9 | 3.1 | 4.20% | 5.55% |
| DUK | Duke Energy Corporation | 6.48% | 18.3 | 15.9 | 2.9 | 3.57% | 6.51% |
| AEP | American Electric Power Company, Inc. | 4.58% | 22.0 | 17.2 | 3.0 | 2.99% | 3.82% |
| SRE | Sempra | 4.56% | 24.1 | 14.5 | 4.0 | 3.15% | 3.48% |
| EXC | Exelon Corporation | 4.43% | 16.0 | 13.7 | 1.8 | 3.86% | 5.09% |
| XEL | Xcel Energy Inc. | 3.36% | 20.9 | 16.0 | 3.3 | 3.11% | 2.96% |
| WEC | WEC Energy Group, Inc. | 2.97% | 21.1 | 16.9 | 3.5 | 3.50% | 2.59% |
| ED | Consolidated Edison, Inc. | 2.92% | 18.2 | 16.1 | 2.3 | 3.16% | 2.95% |
| PEG | Public Service Enterprise Group Incorporated | 2.88% | 17.8 | 15.0 | 2.8 | 3.75% | 2.98% |
| EIX | Edison International | 2.83% | 5.8 | 8.2 | 1.1 | 6.28% | 9.02% |
| ES | Eversource Energy | 2.78% | 17.3 | 13.3 | 1.8 | 4.71% | 2.95% |
| PPL | PPL Corporation | 2.64% | 20.8 | 15.4 | 2.8 | 3.24% | 2.34% |
| DTE | DTE Energy Company | 2.62% | 20.6 | 15.6 | 1.6 | 3.59% | 2.35% |
| FE | FirstEnergy Corp. | 2.50% | 24.6 | 14.7 | 1.7 | 4.03% | 1.87% |
| ETR | Entergy Corporation | 2.38% | 26.9 | 19.6 | 3.7 | 2.44% | 1.63% |
| AWK | American Water Works Company, Inc. | 2.25% | 23.4 | 20.0 | 5.1 | 2.65% | 1.77% |
| AEE | Ameren Corporation | 1.91% | 18.7 | 17.5 | 3.5 | 2.83% | 1.88% |
| CMS | CMS Energy Corporation | 1.88% | 20.6 | 15.2 | 2.4 | 3.32% | 1.68% |
| EVRG | Evergy, Inc. | 1.51% | 21.2 | 19.5 | 3.2 | 3.34% | 1.31% |
| CNP | CenterPoint Energy, Inc. | 1.38% | 24.0 | 17.7 | 2.8 | 2.37% | 1.05% |
| AES | The AES Corporation | 1.38% | 5.6 | 6.6 | 0.8 | 4.71% | 4.52% |
| LNT | Alliant Energy Corporation | 1.34% | 21.6 | 17.5 | 4.0 | 3.13% | 1.14% |
| ATO | Atmos Energy Corporation | 1.32% | 19.9 | 17.6 | 5.7 | 2.39% | 1.22% |
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 SDP valuation
Adding up its 43 holdings with company data, SDP trades at 17.9 times trailing earnings and 15.1 times analysts' forward estimates, with a price-to-book ratio of 1.91 and a dividend yield of 3.43%. Its earnings yield of 5.59% is 0.26 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 54.3% of the fund and earn 50.5% of its combined profit. By sector, Utilities is the most expensive at 17.9 times earnings and Energy the cheapest at 11.1. Companies that lost money over the past year are 0.0% 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 98.3% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: SDP chart, SDP performance, SDP holdings, SDP dividends.
SDP valuation FAQ
What is the P/E ratio of SDP?
Based on its holdings, SDP has a trailing P/E of 17.9 and a forward P/E of 15.1 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of SDP?
The trailing earnings yield is 5.59% (1 ÷ P/E) and the forward earnings yield 6.63%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is SDP more expensive than the S&P 500?
SDP trades at 17.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 15.1 and 19.9.
What is the price-to-book ratio of SDP?
The holdings of SDP trade at 1.91 times book value, with a combined return on equity of 10.6%.
Which sector in SDP has the highest P/E?
Utilities has the highest P/E at 17.9 and Energy the lowest at 11.1.