Hilton Small-MidCap Opportunity ETF (SMCO) Valuation

NASDAQ: SMCOP/E, earnings yield and other ratios of the holdings combined.

SMCO valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 25.3
Forward P/E: 17.9
Price / sales: 1.87
Price / book: 3.22
EV / EBITDA: 14.0
Earnings yield: 3.95%
Dividend yield: 1.14%
Return on equity: 12.7%
Net margin: 7.4%
Beta: 1.00

SMCO valuation vs other stock ETFs

P/E (TTM)Forward P/E

SMCO valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
SMCO	25.3	17.9	1.87	3.22	1.14%	12.7%	7.4%	5.4%
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.

SMCO valuation by sector

P/E (TTM)Forward P/E

SMCO valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Industrials	22.7%	26.4	19.7	1.58	4.52	0.95%	17.2%
Technology	17.6%	29.3	16.2	1.50	4.21	0.52%	14.4%
Healthcare	14.5%	42.1	24.2	3.92	3.73	0.38%	8.9%
Financial Services	10.9%	13.2	13.1	3.04	2.13	2.56%	16.1%
Consumer Defensive	7.1%	22.0	17.1	0.90	3.08	0.66%	14.0%
Consumer Cyclical	6.2%	23.7	15.7	1.77	6.83	0.23%	28.9%
Energy	5.7%	13.6	11.4	2.78	1.51	1.61%	11.0%
Utilities	4.8%	24.8	20.1	3.72	2.25	3.68%	9.1%
Communication Services	3.9%	n/m	36.9	1.24	6.68	0.00%	−15.1%
Real Estate	2.9%	50.4	53.6	7.36	1.46	4.28%	2.9%
Basic Materials	2.8%	28.4	21.6	2.22	3.29	0.86%	11.6%

SMCO earnings yield vs bond yields

SMCO earnings yield (forward)

5.58%

SMCO earnings yield (trailing)

3.95%

SMCO dividend yield

1.14%

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 SMCO weight splits by P/E

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

SMCO largest holdings: valuation

SMCO largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
CFR	Cullen/Frost Bankers, Inc.	2.67%	14.7	14.0	4.3	2.66%	4.72%
WST	West Pharmaceutical Services, Inc.	2.60%	49.4	37.0	8.1	0.23%	1.36%
HQY	HealthEquity, Inc.	2.55%	33.2	19.7	5.6	—	1.99%
CLH	Clean Harbors, Inc.	2.52%	38.8	34.5	2.7	—	1.68%
EQT	EQT Corporation	2.43%	12.6	14.1	3.7	1.25%	4.99%
TDY	Teledyne Technologies Incorporated	2.39%	29.9	23.6	4.5	—	2.07%
IDA	IDACORP, Inc.	2.39%	22.9	18.7	4.4	2.60%	2.70%
TENB	Tenable Holdings, Inc.	2.27%	620.0	16.3	3.9	—	0.09%
STE	STERIS plc	2.23%	27.2	19.2	3.6	1.16%	2.12%
BJ	BJ's Wholesale Club Holdings, Inc.	2.18%	21.7	19.2	0.6	—	2.60%
YETI	YETI Holdings, Inc.	2.08%	18.9	13.2	1.6	—	2.85%
CBU	Community Bank System, Inc.	2.00%	14.0	15.8	3.8	3.15%	3.70%
FRPT	Freshpet, Inc.	1.99%	17.6	29.5	2.7	—	2.93%
RDNT	RadNet, Inc.	1.96%	—	36.6	2.4	—	−0.20%
MGNI	Magnite Inc.	1.94%	21.2	22.2	4.5	—	2.37%
PRMB	Primo Brands Corporation	1.92%	65.7	13.3	1.1	2.43%	0.76%
FSS	Federal Signal Corporation	1.88%	24.2	19.8	2.8	0.53%	2.01%
JKHY	Jack Henry & Associates, Inc.	1.88%	21.9	20.2	4.2	1.59%	2.22%
CBSH	Commerce Bancshares, Inc.	1.87%	13.6	13.2	4.3	1.98%	3.54%
SNX	TD SYNNEX Corporation	1.82%	15.0	12.7	0.3	0.78%	3.14%
NVT	nVent Electric plc	1.81%	39.3	25.1	4.8	0.59%	1.19%
CMC	Commercial Metals Company	1.79%	11.1	10.4	0.8	1.23%	4.17%
J	Jacobs Engineering Group Inc.	1.78%	46.9	16.9	1.2	1.02%	0.98%
OSIS	OSI Systems, Inc.	1.77%	21.8	17.8	1.7	—	2.10%
HLI	Houlihan Lokey, Inc.	1.71%	21.7	15.0	3.6	2.16%	2.04%

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 SMCO valuation

Adding up its 61 holdings with company data, SMCO trades at 25.3 times trailing earnings and 17.9 times analysts' forward estimates, with a price-to-book ratio of 3.22 and a dividend yield of 1.14%. Its earnings yield of 3.95% is 1.38 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 24.2% of the fund and earn 24.3% of its combined profit. By sector, Real Estate is the most expensive at 50.4 times earnings and Financial Services the cheapest at 13.2. Companies that lost money over the past year are 5.4% 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 98.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

SMCO valuation FAQ

What is the P/E ratio of SMCO?

Based on its holdings, SMCO has a trailing P/E of 25.3 and a forward P/E of 17.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of SMCO?

The trailing earnings yield is 3.95% (1 ÷ P/E) and the forward earnings yield 5.58%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is SMCO more expensive than the S&P 500?

SMCO trades at 25.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 17.9 and 19.9.

What is the price-to-book ratio of SMCO?

The holdings of SMCO trade at 3.22 times book value, with a combined return on equity of 12.7%.

Which sector in SMCO has the highest P/E?

Real Estate has the highest P/E at 50.4 and Financial Services the lowest at 13.2.