Intech S&P Small-Mid Cap Diversified Alpha ETF (SMDX) Valuation
SMDX valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 22.2 trailing earnings
- Forward P/E
- 13.6 analyst estimates
- Price / sales
- 1.18
- Price / book
- 2.49
- EV / EBITDA
- 10.9
- Earnings yield
- 4.51% inverse of P/E
- Dividend yield
- 1.17% of the holdings
- Return on equity
- 11.2% combined
- Net margin
- 5.3% combined
- Beta
- 1.08 weighted, vs S&P 500
SMDX valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| SMDX | 22.2 | 13.6 | 1.18 | 2.49 | 1.17% | 11.2% | 5.3% | 8.4% |
| 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.
SMDX valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Industrials | 19.2% | 28.3 | 17.1 | 1.37 | 3.52 | 0.79% | 12.4% |
| Technology | 18.1% | 34.1 | 15.2 | 1.75 | 3.86 | 0.39% | 11.3% |
| Financial Services | 14.4% | 13.1 | 9.3 | 1.70 | 1.41 | 2.04% | 10.8% |
| Healthcare | 13.0% | 25.6 | 16.4 | 2.28 | 3.91 | 0.06% | 15.3% |
| Consumer Cyclical | 11.8% | 15.7 | 12.3 | 0.77 | 2.55 | 1.17% | 16.3% |
| Real Estate | 5.5% | 26.9 | 14.8 | 1.57 | 1.91 | 3.95% | 7.1% |
| Energy | 4.7% | 12.7 | 9.7 | 0.38 | 1.55 | 2.16% | 12.2% |
| Consumer Defensive | 4.4% | 25.8 | 13.2 | 0.51 | 2.31 | 0.99% | 8.9% |
| Basic Materials | 3.5% | n/m | 14.8 | 1.16 | 2.72 | 1.41% | −1.9% |
| Communication Services | 2.5% | 24.8 | 13.2 | 1.11 | 1.98 | 1.55% | 8.0% |
| Utilities | 2.4% | 23.7 | 17.7 | 2.89 | 1.75 | 2.44% | 7.4% |
| Services | 0.1% | 14.2 | 15.3 | 1.60 | 2.99 | 2.71% | 21.0% |
SMDX 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 SMDX weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
SMDX largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| THC | Tenet Healthcare Corporation | 1.29% | 10.5 | 12.5 | 1.0 | — | 2.76% |
| JLL | Jones Lang LaSalle Incorporated | 1.21% | 14.7 | 10.4 | 0.5 | — | 1.86% |
| EWBC | East West Bancorp, Inc. | 1.00% | 12.2 | 12.7 | 6.0 | 2.52% | 1.84% |
| DINO | HF Sinclair Corporation | 1.00% | 11.9 | 10.0 | 0.7 | 1.68% | 1.88% |
| XPO | XPO Logistics, Inc. | 0.96% | 54.9 | 27.0 | 2.5 | — | 0.39% |
| ST | Sensata Technologies Holding plc | 0.88% | 67.6 | 10.3 | 1.6 | 1.18% | 0.29% |
| LAMR | Lamar Advertising Company | 0.84% | 27.4 | 29.5 | 6.6 | 4.40% | 0.69% |
| AMG | Affiliated Managers Group, Inc. | 0.84% | 13.4 | 8.8 | 4.4 | 0.01% | 1.40% |
| USFD | US Foods Holding Corp. | 0.81% | 31.4 | 17.0 | 0.5 | — | 0.58% |
| MEDP | Medpace Holdings, Inc. | 0.80% | 36.3 | 31.9 | 6.2 | — | 0.49% |
| JXN | Jackson Financial Inc. | 0.79% | 143.5 | — | 1.4 | 2.76% | 0.12% |
| HALO | Halozyme Therapeutics, Inc. | 0.77% | 35.6 | 11.5 | 8.3 | — | 0.48% |
| UTHR | United Therapeutics Corporation | 0.75% | 19.1 | 16.4 | 7.2 | — | 0.89% |
| EHC | Encompass Health Corporation | 0.75% | 21.4 | 18.9 | 2.0 | 0.66% | 0.79% |
| CW | Curtiss-Wright Corporation | 0.74% | 34.6 | 28.4 | 5.1 | 0.21% | 0.48% |
| CGNX | Cognex Corporation | 0.73% | 51.9 | 29.5 | 8.3 | 0.63% | 0.32% |
| VLY | Valley National Bancorp | 0.73% | 10.7 | 8.4 | 3.5 | 3.48% | 1.54% |
| OHI | Omega Healthcare Investors, Inc. | 0.73% | 16.3 | 10.1 | 11.6 | 5.96% | 1.01% |
| EXEL | Exelixis, Inc. | 0.73% | 19.6 | 13.6 | 6.3 | — | 0.84% |
| WWD | Woodward, Inc. | 0.70% | 36.5 | 31.6 | 4.6 | 0.39% | 0.43% |
| UNM | Unum Group | 0.70% | 21.5 | 8.5 | 1.1 | 2.19% | 0.73% |
| VMI | Valmont Industries, Inc. | 0.68% | 17.4 | 18.3 | 2.0 | 0.69% | 0.88% |
| HR | Healthcare Realty Trust Incorporated | 0.66% | — | 10.8 | 5.3 | 5.49% | −0.22% |
| ATI | ATI Inc. | 0.63% | 54.4 | 28.8 | 5.4 | — | 0.26% |
| NVT | nVent Electric plc | 0.63% | 39.3 | 25.1 | 4.8 | 0.59% | 0.36% |
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 SMDX valuation
Adding up its 518 holdings with company data, SMDX trades at 22.2 times trailing earnings and 13.6 times analysts' forward estimates, with a price-to-book ratio of 2.49 and a dividend yield of 1.17%. Its earnings yield of 4.51% is 0.82 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 9.6% of the fund and earn 12.2% of its combined profit. By sector, Technology is the most expensive at 34.1 times earnings and Energy the cheapest at 12.7. Companies that lost money over the past year are 8.4% 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 98.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: SMDX chart, SMDX performance, SMDX holdings, SMDX dividends.
SMDX valuation FAQ
What is the P/E ratio of SMDX?
Based on its holdings, SMDX has a trailing P/E of 22.2 and a forward P/E of 13.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of SMDX?
The trailing earnings yield is 4.51% (1 ÷ P/E) and the forward earnings yield 7.36%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is SMDX more expensive than the S&P 500?
SMDX trades at 22.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 13.6 and 19.9.
What is the price-to-book ratio of SMDX?
The holdings of SMDX trade at 2.49 times book value, with a combined return on equity of 11.2%.
Which sector in SMDX has the highest P/E?
Technology has the highest P/E at 34.1 and Energy the lowest at 12.7.