SPDR Portfolio S&P 1500 Composite Stock… (SPTM) Valuation
SPTM valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 25.8 trailing earnings
- Forward P/E
- 19.2 analyst estimates
- Price / sales
- 3.20
- Price / book
- 4.96
- EV / EBITDA
- 16.6
- Earnings yield
- 3.88% inverse of P/E
- Dividend yield
- 1.12% of the holdings
- Return on equity
- 19.2% combined
- Net margin
- 12.4% combined
- Beta
- 1.14 weighted, vs S&P 500
SPTM valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| SPTM | 25.8 | 19.2 | 3.20 | 4.96 | 1.12% | 19.2% | 12.4% | 2.4% |
| 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.
SPTM valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 36.8% | 32.5 | 22.9 | 8.06 | 11.76 | 0.54% | 36.2% |
| Financial Services | 12.1% | 15.7 | 14.1 | 3.11 | 2.25 | 1.57% | 14.3% |
| Healthcare | 10.0% | 39.3 | 17.4 | 1.76 | 5.03 | 1.40% | 12.8% |
| Consumer Cyclical | 9.4% | 26.3 | 21.3 | 2.12 | 5.55 | 0.79% | 21.1% |
| Communication Services | 8.7% | 18.2 | 18.8 | 4.76 | 4.92 | 0.72% | 27.0% |
| Industrials | 7.8% | 28.5 | 20.8 | 2.27 | 5.51 | 1.16% | 19.3% |
| Consumer Defensive | 4.7% | 30.2 | 20.7 | 1.49 | 6.07 | 2.29% | 20.1% |
| Energy | 3.8% | 19.2 | 12.7 | 1.75 | 2.40 | 2.26% | 12.5% |
| Real Estate | 2.1% | 31.9 | 28.8 | 5.15 | 2.63 | 3.80% | 8.2% |
| Utilities | 2.0% | 19.3 | 15.4 | 2.74 | 2.05 | 3.03% | 10.6% |
| Basic Materials | 1.8% | 32.7 | 16.0 | 2.28 | 3.35 | 1.39% | 10.2% |
| Services | 0.0% | 14.2 | 15.3 | 1.60 | 2.99 | 2.71% | 21.0% |
SPTM 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 SPTM weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
SPTM largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 7.20% | 27.1 | 24.9 | 17.1 | 0.47% | 6.93% |
| AAPL | Apple Inc. | 7.16% | 39.4 | 35.2 | 10.7 | 0.31% | 4.74% |
| MSFT | Microsoft Corporation | 5.27% | 29.5 | 25.1 | 11.8 | 0.74% | 4.66% |
| AMZN | Amazon.com, Inc. | 3.56% | 20.1 | 23.6 | 3.5 | — | 4.61% |
| GOOGL | Alphabet Inc. | 2.76% | 17.1 | 22.8 | 9.3 | 0.26% | 4.21% |
| AVGO | Broadcom Inc. | 2.23% | 43.3 | 19.4 | 17.6 | 0.79% | 1.34% |
| GOOG | Alphabet Inc. | 2.12% | 16.9 | 21.8 | 9.2 | 0.26% | 3.26% |
| META | Meta Platforms, Inc. | 2.02% | 26.7 | 22.1 | 7.9 | 0.30% | 1.97% |
| TSLA | Tesla, Inc. | 1.48% | 328.4 | 158.7 | 13.5 | — | 0.12% |
| BRK.B | Berkshire Hathaway Inc. | 1.46% | 13.4 | 22.7 | 3.0 | — | 2.85% |
| MU | Micron Technology, Inc. | 1.45% | 11.8 | 7.0 | 7.5 | 0.07% | 3.20% |
| LLY | Eli Lilly and Company | 1.45% | 42.2 | 24.4 | 14.1 | 0.55% | 0.90% |
| AMD | Advanced Micro Devices, Inc. | 1.20% | 134.9 | 39.5 | 20.9 | — | 0.23% |
| JPM | JPMorgan Chase & Co. | 1.18% | 14.2 | 13.5 | 4.7 | 1.94% | 2.16% |
| V | Visa Inc. | 1.02% | 34.3 | 24.0 | 17.0 | 0.67% | 0.78% |
| XOM | Exxon Mobil Corporation | 1.01% | 23.0 | 14.8 | 2.0 | 2.30% | 1.15% |
| JNJ | Johnson & Johnson | 0.90% | 38.8 | 21.0 | 6.2 | 2.10% | 0.60% |
| WMT | Walmart Inc. | 0.77% | 43.0 | 38.0 | 1.3 | 0.83% | 0.47% |
| ABBV | AbbVie Inc. | 0.70% | 80.6 | 16.4 | 7.8 | 2.42% | 0.23% |
| MA | Mastercard Incorporated | 0.70% | 34.0 | 24.2 | 15.4 | 0.56% | 0.54% |
| PLTR | Palantir Technologies Inc. | 0.63% | 160.4 | 85.5 | 72.6 | — | 0.10% |
| CVX | Chevron Corporation | 0.63% | 21.2 | 15.2 | 2.1 | 3.16% | 0.78% |
| COST | Costco Wholesale Corporation | 0.60% | 47.6 | 40.3 | 1.4 | 0.59% | 0.33% |
| INTC | Intel Corporation | 0.60% | — | 63.3 | 8.3 | — | −0.37% |
| CSCO | Cisco Systems, Inc. | 0.59% | 32.2 | 19.8 | 6.7 | 1.56% | 0.47% |
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 SPTM valuation
Adding up its 1,467 holdings with company data, SPTM trades at 25.8 times trailing earnings and 19.2 times analysts' forward estimates, with a price-to-book ratio of 4.96 and a dividend yield of 1.12%. Its earnings yield of 3.88% is 1.45 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 35.3% of the fund and earn 34.7% of its combined profit. By sector, Healthcare is the most expensive at 39.3 times earnings and Services the cheapest at 14.2. Companies that lost money over the past year are 2.4% 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 99.2% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: SPTM chart, SPTM performance, SPTM holdings, SPTM dividends.
SPTM valuation FAQ
What is the P/E ratio of SPTM?
Based on its holdings, SPTM has a trailing P/E of 25.8 and a forward P/E of 19.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of SPTM?
The trailing earnings yield is 3.88% (1 ÷ P/E) and the forward earnings yield 5.20%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is SPTM more expensive than the S&P 500?
SPTM trades at 25.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.2 and 19.9.
What is the price-to-book ratio of SPTM?
The holdings of SPTM trade at 4.96 times book value, with a combined return on equity of 19.2%.
Which sector in SPTM has the highest P/E?
Healthcare has the highest P/E at 39.3 and Services the lowest at 14.2.