SP Funds S&P Global REIT Sharia ETF (SPRE) Valuation
SPRE valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 38.6 trailing earnings
- Forward P/E
- 45.2 analyst estimates
- Price / sales
- 7.42
- Price / book
- 2.89
- EV / EBITDA
- 15.4
- Earnings yield
- 2.59% inverse of P/E
- Dividend yield
- 2.75% of the holdings
- Return on equity
- 7.5% combined
- Net margin
- 19.2% combined
- Beta
- 0.86 weighted, vs S&P 500
SPRE valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| SPRE | 38.6 | 45.2 | 7.42 | 2.89 | 2.75% | 7.5% | 19.2% | 7.8% |
| 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.
SPRE valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Real Estate | 95.1% | 38.6 | 45.2 | 7.42 | 2.89 | 2.75% | 7.5% |
SPRE 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 SPRE weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
SPRE largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| WELL | Welltower Inc. | 14.09% | 105.3 | 78.1 | 13.3 | 1.45% | 8.25% |
| GMG | Goodman Group | 13.36% | — | — | — | — | — |
| EQIX | Equinix, Inc. | 11.69% | 63.4 | 52.1 | 9.8 | 2.09% | 11.37% |
| SUI | Sun Communities, Inc. | 11.33% | 89.5 | 33.8 | 6.5 | 3.79% | 7.81% |
| CHC | Charter Hall Group | 5.37% | — | — | — | — | — |
| TRNO | Terreno Realty Corporation | 5.12% | 17.2 | 80.0 | 13.9 | 3.56% | 18.35% |
| WY | Weyerhaeuser Company | 5.05% | 30.2 | 29.1 | 2.1 | 4.28% | 10.34% |
| ELS | Equity LifeStyle Properties, Inc. | 4.91% | 29.6 | 28.6 | 7.8 | 3.55% | 10.25% |
| JAN | JanOne Inc. | 4.90% | — | — | 12.5 | 1.96% | −2.36% |
| EGP | EastGroup Properties, Inc. | 4.82% | 34.5 | 42.0 | 14.1 | 3.56% | 8.63% |
| 5227 | IGB Real Estate Investment Trust | 4.46% | — | — | — | — | — |
| 5089 | KLCC Property Holdings Bhd | 3.44% | — | — | — | — | — |
| RCR | RL Commercial REIT Inc | 2.84% | — | — | — | — | — |
| 5106 | Axis Real Estate Investment Trust | 2.51% | — | — | — | — | — |
| FRMI | Fermi Inc. | 2.47% | — | — | — | — | — |
| IMPACT | Impact Growth REIT | 0.79% | — | — | — | — | — |
| SITC | SITE Centers Corp. | 0.63% | 1.4 | 55.2 | 2.6 | — | 27.35% |
| CREIT | Citicore Energy REIT Corp | 0.38% | — | — | — | — | — |
| PAGYO | Panora Gayrimenkul Yatirim Ortakligi AS | 0.23% | — | — | — | — | — |
| PEKGY | Peker Gayrimenkul Yatirim Ortakligi AS | 0.19% | — | — | — | — | — |
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 SPRE valuation
Adding up its 9 holdings with company data, SPRE trades at 38.6 times trailing earnings and 45.2 times analysts' forward estimates, with a price-to-book ratio of 2.89 and a dividend yield of 2.75%. Its earnings yield of 2.59% is 2.74 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 80.6% of the fund and earn 100.0% of its combined profit. Companies that lost money over the past year are 7.8% 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 63.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: SPRE chart, SPRE performance, SPRE holdings, SPRE dividends.
SPRE valuation FAQ
What is the P/E ratio of SPRE?
Based on its holdings, SPRE has a trailing P/E of 38.6 and a forward P/E of 45.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of SPRE?
The trailing earnings yield is 2.59% (1 ÷ P/E) and the forward earnings yield 2.21%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is SPRE more expensive than the S&P 500?
SPRE trades at 38.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 45.2 and 19.9.
What is the price-to-book ratio of SPRE?
The holdings of SPRE trade at 2.89 times book value, with a combined return on equity of 7.5%.