SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) Valuation
SPUS valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 30.4 trailing earnings
- Forward P/E
- 22.1 analyst estimates
- Price / sales
- 5.43
- Price / book
- 9.22
- EV / EBITDA
- 20.3
- Earnings yield
- 3.29% inverse of P/E
- Dividend yield
- 0.84% of the holdings
- Return on equity
- 30.3% combined
- Net margin
- 17.8% combined
- Beta
- 1.27 weighted, vs S&P 500
SPUS valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| SPUS | 30.4 | 22.1 | 5.43 | 9.22 | 0.84% | 30.3% | 17.8% | 0.9% |
| 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.
SPUS valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 60.7% | 31.4 | 23.1 | 10.19 | 13.81 | 0.55% | 44.0% |
| Healthcare | 12.5% | 42.6 | 19.7 | 2.74 | 6.88 | 1.21% | 16.2% |
| Consumer Cyclical | 6.3% | 35.0 | 28.6 | 3.06 | 11.95 | 0.99% | 34.2% |
| Industrials | 6.3% | 29.9 | 22.3 | 3.54 | 7.64 | 1.30% | 25.6% |
| Communication Services | 5.1% | 17.2 | 22.8 | 9.35 | 6.91 | 0.26% | 40.3% |
| Energy | 3.0% | 21.2 | 13.9 | 2.22 | 2.45 | 2.27% | 11.5% |
| Consumer Defensive | 2.8% | 22.6 | 18.6 | 2.07 | 5.64 | 2.97% | 24.9% |
| Basic Materials | 2.5% | 27.1 | 17.3 | 3.63 | 4.32 | 1.21% | 15.9% |
| Real Estate | 0.7% | 79.5 | 54.9 | 8.64 | 3.68 | 1.73% | 4.6% |
| Utilities | 0.2% | 26.5 | 20.7 | 3.07 | 3.16 | 0.63% | 11.9% |
SPUS 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 SPUS weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
SPUS largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 13.84% | 27.1 | 24.9 | 17.1 | 0.47% | 15.55% |
| AAPL | Apple Inc. | 13.23% | 39.4 | 35.2 | 10.7 | 0.31% | 10.21% |
| MSFT | Microsoft Corporation | 10.18% | 29.5 | 25.1 | 11.8 | 0.74% | 10.50% |
| GOOGL | Alphabet Inc. | 5.08% | 17.1 | 22.8 | 9.3 | 0.26% | 9.05% |
| AVGO | Broadcom Inc. | 3.93% | 43.3 | 19.4 | 17.6 | 0.79% | 2.76% |
| LLY | Eli Lilly and Company | 2.67% | 42.2 | 24.4 | 14.1 | 0.55% | 1.93% |
| TSLA | Tesla, Inc. | 2.60% | 328.4 | 158.7 | 13.5 | — | 0.24% |
| MU | Micron Technology, Inc. | 2.52% | 11.8 | 7.0 | 7.5 | 0.07% | 6.49% |
| AMD | Advanced Micro Devices, Inc. | 2.16% | 134.9 | 39.5 | 20.9 | — | 0.49% |
| XOM | Exxon Mobil Corporation | 1.85% | 23.0 | 14.8 | 2.0 | 2.30% | 2.44% |
| JNJ | Johnson & Johnson | 1.67% | 38.8 | 21.0 | 6.2 | 2.10% | 1.31% |
| ABBV | AbbVie Inc. | 1.28% | 80.6 | 16.4 | 7.8 | 2.42% | 0.48% |
| CSCO | Cisco Systems, Inc. | 1.03% | 32.2 | 19.8 | 6.7 | 1.56% | 0.97% |
| PG | The Procter & Gamble Company | 0.99% | 24.1 | 21.2 | 4.3 | 2.73% | 1.25% |
| MRK | Merck & Co., Inc. | 0.91% | 115.8 | 15.3 | 5.4 | 2.33% | 0.24% |
| HD | The Home Depot, Inc. | 0.84% | 21.5 | 19.8 | 1.8 | 3.01% | 1.19% |
| LRCX | Lam Research Corporation | 0.77% | 45.8 | 33.7 | 14.2 | 0.50% | 0.51% |
| AMAT | Applied Materials, Inc. | 0.76% | 35.3 | 23.4 | 10.5 | 0.52% | 0.66% |
| PANW | Palo Alto Networks, Inc. | 0.72% | 855.0 | 94.3 | 24.4 | — | 0.03% |
| TXN | Texas Instruments Incorporated | 0.66% | 42.1 | 27.5 | 13.0 | 2.20% | 0.47% |
| TMO | Thermo Fisher Scientific Inc. | 0.65% | 37.1 | 24.2 | 5.5 | 0.27% | 0.53% |
| CRWD | CrowdStrike Holdings, Inc. | 0.64% | — | 208.3 | 43.1 | — | 0.01% |
| LIN | Linde plc | 0.60% | 32.2 | 23.6 | 6.5 | 1.28% | 0.56% |
| IBM | International Business Machines Corporation | 0.59% | 20.6 | 17.4 | 3.2 | 2.91% | 0.86% |
| ORCL | Oracle Corporation | 0.56% | 20.1 | 17.8 | 5.4 | 1.56% | 0.85% |
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 SPUS valuation
Adding up its 214 holdings with company data, SPUS trades at 30.4 times trailing earnings and 22.1 times analysts' forward estimates, with a price-to-book ratio of 9.22 and a dividend yield of 0.84%. Its earnings yield of 3.29% is 2.04 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 58.1% of the fund and earn 59.6% of its combined profit. By sector, Real Estate is the most expensive at 79.5 times earnings and Communication Services the cheapest at 17.2. Companies that lost money over the past year are 0.9% 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 99.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: SPUS chart, SPUS performance, SPUS holdings, SPUS dividends.
SPUS valuation FAQ
What is the P/E ratio of SPUS?
Based on its holdings, SPUS has a trailing P/E of 30.4 and a forward P/E of 22.1 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of SPUS?
The trailing earnings yield is 3.29% (1 ÷ P/E) and the forward earnings yield 4.52%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is SPUS more expensive than the S&P 500?
SPUS trades at 30.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 22.1 and 19.9.
What is the price-to-book ratio of SPUS?
The holdings of SPUS trade at 9.22 times book value, with a combined return on equity of 30.3%.
Which sector in SPUS has the highest P/E?
Real Estate has the highest P/E at 79.5 and Communication Services the lowest at 17.2.