Zacks ETF (SMIZ) Valuation
SMIZ valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 24.0 trailing earnings
- Forward P/E
- 15.5 analyst estimates
- Price / sales
- 1.24
- Price / book
- 2.85
- EV / EBITDA
- 14.3
- Earnings yield
- 4.16% inverse of P/E
- Dividend yield
- 1.09% of the holdings
- Return on equity
- 11.9% combined
- Net margin
- 5.2% combined
- Beta
- 1.08 weighted, vs S&P 500
SMIZ valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| SMIZ | 24.0 | 15.5 | 1.24 | 2.85 | 1.09% | 11.9% | 5.2% | 9.9% |
| 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.
SMIZ valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 22.8% | 41.4 | 18.6 | 2.67 | 5.61 | 0.26% | 13.5% |
| Financial Services | 19.4% | 12.7 | 11.3 | 0.90 | 1.64 | 1.58% | 12.8% |
| Industrials | 18.2% | 33.5 | 20.2 | 1.70 | 5.62 | 0.70% | 16.8% |
| Healthcare | 10.1% | 32.3 | 17.8 | 1.26 | 3.54 | 0.09% | 11.0% |
| Consumer Cyclical | 6.9% | 32.4 | 13.4 | 0.95 | 2.95 | 1.21% | 9.1% |
| Energy | 5.4% | 12.3 | 10.4 | 0.98 | 2.80 | 2.55% | 22.8% |
| Real Estate | 4.7% | 24.9 | 19.4 | 2.47 | 1.40 | 3.80% | 5.6% |
| Basic Materials | 4.0% | 22.7 | 17.2 | 1.10 | 2.80 | 1.04% | 12.3% |
| Consumer Defensive | 2.7% | n/m | 13.4 | 0.28 | 1.43 | 2.48% | −0.7% |
| Utilities | 1.6% | 20.1 | 17.1 | 2.95 | 1.86 | 2.89% | 9.3% |
| Communication Services | 1.2% | 78.9 | 26.7 | 3.31 | 6.76 | 0.14% | 8.6% |
SMIZ 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 SMIZ weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
SMIZ largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| EME | EMCOR Group, Inc. | 1.39% | 22.5 | 19.8 | 1.7 | 0.22% | 1.60% |
| VSTS | Vestis Corporation | 1.36% | — | — | 0.7 | — | −0.13% |
| CVLT | Commvault Systems, Inc. | 1.21% | 95.0 | 28.0 | 5.1 | — | 0.33% |
| AMG | Affiliated Managers Group, Inc. | 1.16% | 13.4 | 8.8 | 4.4 | 0.01% | 2.23% |
| INSW | International Seaways, Inc. | 1.08% | 7.0 | 15.1 | 4.3 | 7.44% | 3.96% |
| EXPD | Expeditors International of Washington, Inc. | 1.06% | 28.5 | 24.4 | 2.1 | 0.83% | 0.96% |
| PSX | Phillips 66 | 1.01% | 16.8 | 9.7 | 0.8 | 1.81% | 1.56% |
| ANET | Arista Networks, Inc. | 1.00% | 55.8 | 39.2 | 21.2 | — | 0.46% |
| EXPE | Expedia Group, Inc. | 0.97% | 18.0 | 11.3 | 2.2 | 0.66% | 1.39% |
| KLIC | Kulicke and Soffa Industries, Inc. | 0.97% | 36.1 | 13.3 | 4.3 | 1.04% | 0.69% |
| NTRS | Northern Trust Corporation | 0.94% | 14.2 | 13.8 | 3.3 | 1.98% | 1.71% |
| ARW | Arrow Electronics, Inc. | 0.91% | 13.7 | 5.0 | 0.3 | — | 1.72% |
| AMOT | Allied Motion Technologies Inc | 0.90% | — | — | — | — | — |
| RELY_old | RELY | 0.89% | — | — | — | — | — |
| CBOE | Cboe Global Markets, Inc. | 0.89% | 24.6 | 21.9 | 6.5 | 1.09% | 0.94% |
| APH | Amphenol Corporation | 0.88% | 39.7 | 24.6 | 6.7 | 0.63% | 0.57% |
| WTS | Watts Water Technologies, Inc. | 0.86% | 31.2 | 25.3 | 4.4 | 0.64% | 0.72% |
| INDB | Independent Bank Corp. | 0.81% | 11.8 | 9.5 | 3.8 | 3.20% | 1.78% |
| MCK | McKesson Corporation | 0.80% | 26.9 | 19.7 | 0.3 | 0.37% | 0.77% |
| UFCS | United Fire Group, Inc. | 0.79% | 10.5 | 14.1 | 1.0 | 1.42% | 1.96% |
| ALL | The Allstate Corporation | 0.79% | 5.0 | 8.3 | 0.9 | 1.74% | 4.11% |
| BY | Byline Bancorp, Inc. | 0.79% | 11.2 | 9.6 | 3.9 | 1.50% | 1.81% |
| ADM | Archer-Daniels-Midland Company | 0.78% | 22.6 | 15.6 | 0.5 | 2.52% | 0.89% |
| FRSH | Freshworks Inc. | 0.77% | 21.8 | 15.7 | 4.0 | — | 0.92% |
| DXCM | DexCom, Inc. | 0.75% | 34.1 | 28.2 | 6.5 | — | 0.57% |
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 SMIZ valuation
Adding up its 190 holdings with company data, SMIZ trades at 24.0 times trailing earnings and 15.5 times analysts' forward estimates, with a price-to-book ratio of 2.85 and a dividend yield of 1.09%. Its earnings yield of 4.16% is 1.17 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 11.2% of the fund and earn 13.1% of its combined profit. By sector, Communication Services is the most expensive at 78.9 times earnings and Energy the cheapest at 12.3. Companies that lost money over the past year are 9.9% 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 95.1% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: SMIZ chart, SMIZ performance, SMIZ holdings, SMIZ dividends.
SMIZ valuation FAQ
What is the P/E ratio of SMIZ?
Based on its holdings, SMIZ has a trailing P/E of 24.0 and a forward P/E of 15.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of SMIZ?
The trailing earnings yield is 4.16% (1 ÷ P/E) and the forward earnings yield 6.45%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is SMIZ more expensive than the S&P 500?
SMIZ trades at 24.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 15.5 and 19.9.
What is the price-to-book ratio of SMIZ?
The holdings of SMIZ trade at 2.85 times book value, with a combined return on equity of 11.9%.
Which sector in SMIZ has the highest P/E?
Communication Services has the highest P/E at 78.9 and Energy the lowest at 12.3.