SPDR SSGA Gender Diversity ETF (SHE) Valuation
SHE valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 24.5 trailing earnings
- Forward P/E
- 17.0 analyst estimates
- Price / sales
- 2.91
- Price / book
- 4.69
- EV / EBITDA
- 16.1
- Earnings yield
- 4.07% inverse of P/E
- Dividend yield
- 1.28% of the holdings
- Return on equity
- 19.1% combined
- Net margin
- 11.9% combined
- Beta
- 1.21 weighted, vs S&P 500
SHE valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| SHE | 24.5 | 17.0 | 2.91 | 4.69 | 1.28% | 19.1% | 11.9% | 4.0% |
| 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.
SHE valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 39.3% | 29.5 | 18.7 | 6.59 | 8.25 | 0.61% | 27.9% |
| Financial Services | 10.8% | 14.3 | 12.2 | 3.01 | 2.06 | 2.09% | 14.4% |
| Healthcare | 9.9% | 36.8 | 17.6 | 1.31 | 4.93 | 1.50% | 13.4% |
| Communication Services | 9.0% | 15.6 | 13.8 | 2.31 | 2.82 | 1.27% | 18.2% |
| Consumer Cyclical | 8.9% | 28.0 | 17.3 | 1.64 | 8.85 | 1.61% | 31.6% |
| Industrials | 7.5% | 31.9 | 22.6 | 3.15 | 6.83 | 0.99% | 21.4% |
| Consumer Defensive | 4.7% | 31.3 | 25.5 | 2.90 | 11.39 | 2.06% | 36.3% |
| Energy | 4.0% | 20.9 | 12.5 | 1.80 | 2.50 | 2.38% | 12.0% |
| Utilities | 1.9% | 17.5 | 14.3 | 2.46 | 1.92 | 3.15% | 10.9% |
| Basic Materials | 1.8% | 28.0 | 18.2 | 3.61 | 4.52 | 1.25% | 16.2% |
| Real Estate | 1.7% | 36.4 | 32.9 | 9.43 | 3.35 | 3.04% | 9.2% |
SHE 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 SHE weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
SHE largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MSFT | Microsoft Corporation | 5.08% | 29.5 | 25.1 | 11.8 | 0.74% | 4.25% |
| AMD | Advanced Micro Devices, Inc. | 5.05% | 134.9 | 39.5 | 20.9 | — | 0.92% |
| NVDA | NVIDIA Corporation | 4.37% | 27.1 | 24.9 | 17.1 | 0.47% | 3.98% |
| MU | Micron Technology, Inc. | 4.29% | 11.8 | 7.0 | 7.5 | 0.07% | 8.95% |
| NFLX | Netflix, Inc. | 4.04% | 22.2 | 18.7 | 6.1 | — | 4.49% |
| JPM | JPMorgan Chase & Co. | 3.23% | 14.2 | 13.5 | 4.7 | 1.94% | 5.58% |
| INTC | Intel Corporation | 3.06% | — | 63.3 | 8.3 | — | −1.78% |
| DIS | The Walt Disney Company | 2.19% | 22.8 | 13.8 | 1.9 | 1.36% | 2.37% |
| XOM | Exxon Mobil Corporation | 1.93% | 23.0 | 14.8 | 2.0 | 2.30% | 2.07% |
| JNJ | Johnson & Johnson | 1.80% | 38.8 | 21.0 | 6.2 | 2.10% | 1.14% |
| T | AT&T Inc. | 1.77% | 7.7 | 9.9 | 1.3 | 4.74% | 5.65% |
| APH | Amphenol Corporation | 1.57% | 39.7 | 24.6 | 6.7 | 0.63% | 0.98% |
| ABBV | AbbVie Inc. | 1.57% | 80.6 | 16.4 | 7.8 | 2.42% | 0.48% |
| ORCL | Oracle Corporation | 1.50% | 20.1 | 17.8 | 5.4 | 1.56% | 1.84% |
| COST | Costco Wholesale Corporation | 1.48% | 47.6 | 40.3 | 1.4 | 0.59% | 0.77% |
| ANET | Arista Networks, Inc. | 1.48% | 55.8 | 39.2 | 21.2 | — | 0.65% |
| ADI | Analog Devices, Inc. | 1.46% | 47.0 | 23.2 | 13.8 | 1.11% | 0.77% |
| CVX | Chevron Corporation | 1.35% | 21.2 | 15.2 | 2.1 | 3.16% | 1.57% |
| CRM | Salesforce, Inc. | 1.33% | 22.0 | 14.0 | 4.5 | 0.73% | 1.49% |
| QCOM | QUALCOMM Incorporated | 1.31% | 19.9 | 19.6 | 4.2 | 2.14% | 1.62% |
| PG | The Procter & Gamble Company | 1.18% | 24.1 | 21.2 | 4.3 | 2.73% | 1.21% |
| CAT | Caterpillar Inc. | 1.18% | 31.5 | 25.4 | 4.5 | 0.89% | 0.92% |
| HD | The Home Depot, Inc. | 1.16% | 21.5 | 19.8 | 1.8 | 3.01% | 1.33% |
| KO | The Coca-Cola Company | 0.98% | 28.2 | 25.3 | 8.1 | 2.26% | 0.86% |
| BAC | Bank of America Corporation | 0.93% | 12.2 | 10.8 | 3.1 | 2.50% | 1.88% |
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 SHE valuation
Adding up its 227 holdings with company data, SHE trades at 24.5 times trailing earnings and 17.0 times analysts' forward estimates, with a price-to-book ratio of 4.69 and a dividend yield of 1.28%. Its earnings yield of 4.07% is 1.25 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 35.0% of the fund and earn 32.0% of its combined profit. By sector, Healthcare is the most expensive at 36.8 times earnings and Financial Services the cheapest at 14.3. Companies that lost money over the past year are 4.0% 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 99.8% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: SHE chart, SHE performance, SHE holdings, SHE dividends.
SHE valuation FAQ
What is the P/E ratio of SHE?
Based on its holdings, SHE has a trailing P/E of 24.5 and a forward P/E of 17.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of SHE?
The trailing earnings yield is 4.07% (1 ÷ P/E) and the forward earnings yield 5.87%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is SHE more expensive than the S&P 500?
SHE trades at 24.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 17.0 and 19.9.
What is the price-to-book ratio of SHE?
The holdings of SHE trade at 4.69 times book value, with a combined return on equity of 19.1%.
Which sector in SHE has the highest P/E?
Healthcare has the highest P/E at 36.8 and Financial Services the lowest at 14.3.