Tidal ETF (SHRT) Valuation
SHRT valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 28.0 trailing earnings
- Forward P/E
- 14.2 analyst estimates
- Price / sales
- 1.77
- Price / book
- 2.98
- EV / EBITDA
- 11.1
- Earnings yield
- 3.57% inverse of P/E
- Dividend yield
- 1.17% of the holdings
- Return on equity
- 10.6% combined
- Net margin
- 6.3% combined
- Beta
- 1.10 weighted, vs S&P 500
SHRT valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| SHRT | 28.0 | 14.2 | 1.77 | 2.98 | 1.17% | 10.6% | 6.3% | 12.2% |
| 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.
SHRT valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Industrials | 18.7% | 39.2 | 16.8 | 1.63 | 3.72 | 1.29% | 9.5% |
| Technology | 15.3% | 26.7 | 14.9 | 4.00 | 4.93 | 0.39% | 18.5% |
| Basic Materials | 14.0% | 23.0 | 13.4 | 1.86 | 2.06 | 1.52% | 9.0% |
| Healthcare | 11.0% | 53.8 | 15.6 | 1.37 | 3.38 | 0.49% | 6.3% |
| Consumer Cyclical | 9.8% | 17.8 | 12.4 | 1.31 | 3.21 | 0.90% | 18.0% |
| Energy | 8.3% | 22.5 | 11.9 | 2.16 | 1.59 | 2.00% | 7.0% |
| Consumer Defensive | 6.2% | 21.1 | 13.3 | 1.32 | 2.68 | 2.76% | 12.7% |
| Communication Services | 2.8% | 67.9 | 11.2 | 2.14 | 2.60 | 1.03% | 3.8% |
| Utilities | 0.0% | n/m | 14.6 | 1.39 | 55.31 | 5.47% | −3,378.7% |
SHRT 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 SHRT weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
SHRT largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| FGXXX | First American Funds Inc. - Government Obligations Fund | 11.49% | — | — | — | — | — |
| OVV | Ovintiv Inc. | 2.19% | 19.3 | 9.0 | 2.0 | 1.73% | 4.10% |
| DD | DuPont de Nemours, Inc. | 2.03% | 35.1 | 16.5 | 2.5 | 1.84% | 2.09% |
| CART | Instacart (Maplebear Inc.) | 1.87% | 27.2 | 13.0 | 3.0 | — | 2.49% |
| BKNG | Booking Holdings Inc. | 1.75% | 18.1 | 13.3 | 4.3 | 1.03% | 3.50% |
| OXY | Occidental Petroleum Corporation | 1.69% | 17.7 | 14.6 | 2.6 | 1.80% | 3.44% |
| PTGX | Protagonist Therapeutics, Inc. | 1.59% | 125.0 | 36.9 | 29.5 | — | 0.46% |
| SSRM | SSR Mining Inc | 1.58% | — | — | — | — | — |
| FSLR | First Solar, Inc. | 1.53% | 10.6 | 8.3 | 3.4 | — | 5.20% |
| MU | Micron Technology, Inc. | 1.52% | 11.8 | 7.0 | 7.5 | 0.07% | 4.64% |
| ENS | EnerSys | 1.46% | 18.1 | 14.2 | 1.6 | 0.68% | 2.91% |
| ALB | Albemarle Corporation | 1.43% | 353.6 | 11.4 | 1.9 | 1.72% | 0.15% |
| SNOW | Snowflake Inc. | 1.41% | — | 169.5 | 19.9 | — | −0.53% |
| JAZZ | Jazz Pharmaceuticals plc | 1.35% | 14.4 | 10.9 | 3.0 | — | 3.38% |
| EQX | Equinox Gold Corp | 1.34% | — | — | — | — | — |
| HL | Hecla Mining Company | 1.31% | 19.9 | 21.0 | 5.9 | 0.10% | 2.39% |
| HPE | Hewlett Packard Enterprise Company | 1.31% | 28.4 | 13.6 | 1.7 | 1.03% | 1.66% |
| LMT | Lockheed Martin Corporation | 1.20% | 20.3 | 16.2 | 1.7 | 2.61% | 2.14% |
| U | Unity Software Inc. | 1.15% | — | 28.7 | 8.8 | — | −1.40% |
| ALGN | Align Technology, Inc. | 1.12% | 25.6 | 11.7 | 2.5 | — | 1.58% |
| DELL | Dell Technologies Inc. | 1.09% | 26.3 | 21.3 | 1.9 | 0.56% | 1.50% |
| JBHT | J.B. Hunt Transport Services, Inc. | 1.07% | 32.3 | 23.9 | 1.7 | 0.76% | 1.20% |
| COP | ConocoPhillips | 1.01% | 19.4 | 12.7 | 2.7 | 2.29% | 1.88% |
| ALC | Alcon AG | 0.99% | — | — | — | — | — |
| XYL | Xylem Inc. | 0.99% | 24.8 | 17.4 | 2.7 | 1.65% | 1.44% |
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 SHRT valuation
Adding up its 173 holdings with company data, SHRT trades at 28.0 times trailing earnings and 14.2 times analysts' forward estimates, with a price-to-book ratio of 2.98 and a dividend yield of 1.17%. Its earnings yield of 3.57% is 1.76 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 27.2% of the fund and earn 29.0% of its combined profit. By sector, Communication Services is the most expensive at 67.9 times earnings and Consumer Cyclical the cheapest at 17.8. Companies that lost money over the past year are 12.2% 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 79.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: SHRT chart, SHRT performance, SHRT holdings, SHRT dividends.
SHRT valuation FAQ
What is the P/E ratio of SHRT?
Based on its holdings, SHRT has a trailing P/E of 28.0 and a forward P/E of 14.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of SHRT?
The trailing earnings yield is 3.57% (1 ÷ P/E) and the forward earnings yield 7.04%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is SHRT more expensive than the S&P 500?
SHRT trades at 28.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 14.2 and 19.9.
What is the price-to-book ratio of SHRT?
The holdings of SHRT trade at 2.98 times book value, with a combined return on equity of 10.6%.
Which sector in SHRT has the highest P/E?
Communication Services has the highest P/E at 67.9 and Consumer Cyclical the lowest at 17.8.