Horizon Funds Horizon Managed Risk ETF (SFTY) Valuation
SFTY valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 24.5 trailing earnings
- Forward P/E
- 19.4 analyst estimates
- Price / sales
- 3.57
- Price / book
- 5.55
- EV / EBITDA
- 17.4
- Earnings yield
- 4.09% inverse of P/E
- Dividend yield
- 1.12% of the holdings
- Return on equity
- 22.7% combined
- Net margin
- 14.6% combined
- Beta
- 1.04 weighted, vs S&P 500
SFTY valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| SFTY | 24.5 | 19.4 | 3.57 | 5.55 | 1.12% | 22.7% | 14.6% | 1.0% |
| 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.
SFTY valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 34.0% | 30.7 | 22.0 | 10.49 | 13.64 | 0.54% | 44.5% |
| Financial Services | 12.3% | 15.1 | 15.4 | 3.35 | 2.37 | 1.19% | 15.6% |
| Healthcare | 10.2% | 35.2 | 17.4 | 1.64 | 6.16 | 1.59% | 17.5% |
| Communication Services | 8.1% | 17.6 | 19.6 | 5.41 | 5.31 | 0.73% | 30.2% |
| Consumer Cyclical | 7.1% | 25.3 | 18.3 | 2.18 | 6.42 | 0.91% | 25.4% |
| Consumer Defensive | 5.9% | 28.1 | 23.8 | 2.21 | 10.03 | 2.18% | 35.7% |
| Industrials | 5.8% | 26.7 | 23.2 | 2.75 | 6.04 | 1.22% | 22.6% |
| Energy | 4.2% | 20.7 | 13.5 | 1.94 | 2.58 | 2.42% | 12.5% |
| Basic Materials | 1.7% | 24.4 | 18.4 | 4.56 | 5.42 | 1.11% | 22.2% |
| Utilities | 1.7% | 19.5 | 16.8 | 3.20 | 1.97 | 3.23% | 10.1% |
| Real Estate | 1.5% | 33.5 | 37.2 | 10.41 | 3.79 | 3.19% | 11.3% |
SFTY 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 SFTY weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
SFTY largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 6.80% | 39.4 | 35.2 | 10.7 | 0.31% | 4.56% |
| BIGT | Roundhill BIG Tech ETF | 6.72% | — | — | — | — | — |
| NVDA | NVIDIA Corporation | 6.47% | 27.1 | 24.9 | 17.1 | 0.47% | 6.31% |
| MSFT | Microsoft Corporation | 5.64% | 29.5 | 25.1 | 11.8 | 0.74% | 5.06% |
| GOOGL | Alphabet Inc. | 5.22% | 17.1 | 22.8 | 9.3 | 0.26% | 8.07% |
| BRK.B | Berkshire Hathaway Inc. | 2.67% | 13.4 | 22.7 | 3.0 | — | 5.26% |
| AVGO | Broadcom Inc. | 2.50% | 43.3 | 19.4 | 17.6 | 0.79% | 1.53% |
| LLY | Eli Lilly and Company | 2.31% | 42.2 | 24.4 | 14.1 | 0.55% | 1.44% |
| MU | Micron Technology, Inc. | 2.03% | 11.8 | 7.0 | 7.5 | 0.07% | 4.54% |
| AMZN | Amazon.com, Inc. | 1.86% | 20.1 | 23.6 | 3.5 | — | 2.44% |
| META | Meta Platforms, Inc. | 1.77% | 26.7 | 22.1 | 7.9 | 0.30% | 1.75% |
| XOM | Exxon Mobil Corporation | 1.68% | 23.0 | 14.8 | 2.0 | 2.30% | 1.92% |
| AMD | Advanced Micro Devices, Inc. | 1.62% | 134.9 | 39.5 | 20.9 | — | 0.32% |
| JNJ | Johnson & Johnson | 1.51% | 38.8 | 21.0 | 6.2 | 2.10% | 1.03% |
| MA | Mastercard Incorporated | 1.23% | 34.0 | 24.2 | 15.4 | 0.56% | 0.96% |
| WMT | Walmart Inc. | 1.10% | 43.0 | 38.0 | 1.3 | 0.83% | 0.67% |
| CVX | Chevron Corporation | 0.97% | 21.2 | 15.2 | 2.1 | 3.16% | 1.21% |
| COST | Costco Wholesale Corporation | 0.96% | 47.6 | 40.3 | 1.4 | 0.59% | 0.53% |
| KO | The Coca-Cola Company | 0.89% | 28.2 | 25.3 | 8.1 | 2.26% | 0.83% |
| MRK | Merck & Co., Inc. | 0.86% | 115.8 | 15.3 | 5.4 | 2.33% | 0.20% |
| PG | The Procter & Gamble Company | 0.83% | 24.1 | 21.2 | 4.3 | 2.73% | 0.91% |
| PLTR | Palantir Technologies Inc. | 0.77% | 160.4 | 85.5 | 72.6 | — | 0.13% |
| TJX | The TJX Companies, Inc. | 0.75% | 27.3 | 24.9 | 2.6 | 1.30% | 0.72% |
| PM | Philip Morris International Inc. | 0.70% | 29.5 | 20.9 | 7.5 | 3.12% | 0.63% |
| HD | The Home Depot, Inc. | 0.69% | 21.5 | 19.8 | 1.8 | 3.01% | 0.85% |
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 SFTY valuation
Adding up its 164 holdings with company data, SFTY trades at 24.5 times trailing earnings and 19.4 times analysts' forward estimates, with a price-to-book ratio of 5.55 and a dividend yield of 1.12%. Its earnings yield of 4.09% is 1.24 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 42.2% of the fund and earn 41.0% of its combined profit. By sector, Healthcare is the most expensive at 35.2 times earnings and Financial Services the cheapest at 15.1. Companies that lost money over the past year are 1.0% 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 92.2% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: SFTY chart, SFTY performance, SFTY holdings, SFTY dividends.
SFTY valuation FAQ
What is the P/E ratio of SFTY?
Based on its holdings, SFTY has a trailing P/E of 24.5 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 SFTY?
The trailing earnings yield is 4.09% (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 SFTY more expensive than the S&P 500?
SFTY trades at 24.5 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 SFTY?
The holdings of SFTY trade at 5.55 times book value, with a combined return on equity of 22.7%.
Which sector in SFTY has the highest P/E?
Healthcare has the highest P/E at 35.2 and Financial Services the lowest at 15.1.