ProShares Russell 2000 Dividend Growers ETF (SMDV) Valuation
SMDV valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 29.9 trailing earnings
- Forward P/E
- 15.3 analyst estimates
- Price / sales
- 1.43
- Price / book
- 1.76
- EV / EBITDA
- 12.6
- Earnings yield
- 3.34% inverse of P/E
- Dividend yield
- 2.76% of the holdings
- Return on equity
- 5.9% combined
- Net margin
- 4.8% combined
- Beta
- 0.80 weighted, vs S&P 500
SMDV valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| SMDV | 29.9 | 15.3 | 1.43 | 1.76 | 2.76% | 5.9% | 4.8% | 8.9% |
| 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.
SMDV valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 28.8% | 14.4 | 13.6 | 3.72 | 1.32 | 3.03% | 9.2% |
| Industrials | 25.1% | 20.5 | 15.9 | 0.99 | 2.69 | 2.02% | 13.1% |
| Basic Materials | 12.8% | 27.9 | 17.3 | 1.26 | 2.10 | 1.84% | 7.5% |
| Utilities | 12.5% | 18.3 | 18.7 | 2.50 | 1.62 | 3.26% | 8.9% |
| Consumer Defensive | 5.4% | 24.8 | 19.7 | 0.48 | 1.49 | 3.46% | 6.0% |
| Healthcare | 5.2% | n/m | 8.7 | 1.03 | 1.35 | 3.78% | −42.1% |
| Real Estate | 3.7% | 18.0 | 26.4 | 9.14 | 1.58 | 5.71% | 8.8% |
| Technology | 2.7% | 39.2 | 25.8 | 4.56 | 5.04 | 1.58% | 12.8% |
| Consumer Cyclical | 1.8% | n/m | 10.0 | 0.77 | 1.91 | 2.99% | −0.1% |
| Services | 1.6% | 14.2 | 15.3 | 1.60 | 2.99 | 2.71% | 21.0% |
SMDV 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 SMDV weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
SMDV largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| PRGO | Perrigo Company plc | 2.32% | — | 6.0 | 0.6 | 6.98% | −52.31% |
| MKTX | MarketAxess Holdings Inc. | 2.22% | 19.5 | 18.6 | 6.7 | 1.90% | 3.48% |
| BMI | Badger Meter, Inc. | 1.76% | 29.6 | 26.2 | 4.2 | 1.39% | 1.82% |
| HNI | HNI Corporation | 1.76% | — | 10.0 | 0.8 | 2.99% | −0.03% |
| WOR | Worthington Industries, Inc. | 1.70% | 19.4 | 15.7 | 2.2 | 1.25% | 2.68% |
| GFF | Griffon Corporation | 1.66% | 20.0 | 10.2 | 1.7 | 0.95% | 2.53% |
| IOSP | Innospec Inc. | 1.64% | 19.8 | 15.0 | 1.3 | 1.85% | 2.54% |
| WLY | John Wiley & Sons Inc. | 1.64% | 14.2 | 15.3 | 1.6 | 2.71% | 3.51% |
| APOG | Apogee Enterprises, Inc. | 1.63% | 13.1 | 13.8 | 0.6 | 2.61% | 3.80% |
| JJSF | J&J Snack Foods Corp. | 1.62% | 30.5 | 23.8 | 1.0 | 4.06% | 1.62% |
| ABM | ABM Industries Incorporated | 1.61% | 18.5 | 11.1 | 0.3 | 2.27% | 2.65% |
| UCB | United Community Banks, Inc. | 1.61% | 11.1 | 12.5 | 3.7 | 3.05% | 4.41% |
| TMP | Tompkins Financial Corporation | 1.61% | 8.0 | 12.9 | 3.1 | 2.87% | 6.14% |
| SCL | Stepan Company | 1.59% | — | 17.5 | 0.6 | 2.55% | −0.09% |
| MATX | Matson, Inc. | 1.59% | 15.8 | 19.2 | 2.0 | 0.65% | 3.06% |
| NSP | Insperity, Inc. | 1.57% | — | 18.1 | 0.3 | 4.67% | −0.41% |
| BCPC | Balchem Corporation | 1.56% | 33.6 | 29.3 | 5.0 | 0.56% | 1.42% |
| NHC | National HealthCare Corporation | 1.54% | 27.0 | 9.9 | 2.4 | 1.10% | 1.74% |
| NBTB | NBT Bancorp Inc. | 1.52% | 12.4 | 13.4 | 3.7 | 3.15% | 3.74% |
| SFNC | Simmons First National Corporation | 1.51% | — | 9.5 | 3.4 | 3.90% | −5.00% |
| MSEX | Middlesex Water Company | 1.48% | 21.1 | 28.6 | 5.0 | 2.64% | 2.14% |
| CHCO | City Holding Company | 1.48% | 15.5 | 16.4 | 6.2 | 2.82% | 2.91% |
| KWR | Quaker Chemical Corporation | 1.47% | 28.0 | 16.9 | 1.4 | 1.35% | 1.60% |
| WABC | Westamerica Bancorporation | 1.47% | 13.6 | 21.1 | 5.6 | 3.13% | 3.30% |
| OTTR | Otter Tail Corporation | 1.45% | 19.5 | 16.1 | 2.9 | 2.50% | 2.27% |
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 SMDV valuation
Adding up its 69 holdings with company data, SMDV trades at 29.9 times trailing earnings and 15.3 times analysts' forward estimates, with a price-to-book ratio of 1.76 and a dividend yield of 2.76%. Its earnings yield of 3.34% is 1.99 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 18.0% of the fund and earn −30.4% of its combined profit. By sector, Technology is the most expensive at 39.2 times earnings and Services the cheapest at 14.2. Companies that lost money over the past year are 8.9% 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 98.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: SMDV chart, SMDV performance, SMDV holdings, SMDV dividends.
SMDV valuation FAQ
What is the P/E ratio of SMDV?
Based on its holdings, SMDV has a trailing P/E of 29.9 and a forward P/E of 15.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of SMDV?
The trailing earnings yield is 3.34% (1 ÷ P/E) and the forward earnings yield 6.54%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is SMDV more expensive than the S&P 500?
SMDV trades at 29.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 15.3 and 19.9.
What is the price-to-book ratio of SMDV?
The holdings of SMDV trade at 1.76 times book value, with a combined return on equity of 5.9%.
Which sector in SMDV has the highest P/E?
Technology has the highest P/E at 39.2 and Services the lowest at 14.2.