Royce Quant Small-Cap Quality Value ETF (SQLV) Valuation
SQLV valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 96.6 trailing earnings
- Forward P/E
- 10.0 analyst estimates
- Price / sales
- 0.71
- Price / book
- 1.48
- EV / EBITDA
- 6.9
- Earnings yield
- 1.03% inverse of P/E
- Dividend yield
- 1.40% of the holdings
- Return on equity
- 1.5% combined
- Net margin
- 0.7% combined
- Beta
- 0.93 weighted, vs S&P 500
SQLV valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| SQLV | 96.6 | 10.0 | 0.71 | 1.48 | 1.40% | 1.5% | 0.7% | 14.1% |
| 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.
SQLV valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 19.7% | 9.1 | 9.0 | 1.89 | 1.33 | 2.66% | 14.7% |
| Healthcare | 18.9% | 275.2 | 11.9 | 0.95 | 1.85 | 0.25% | 0.7% |
| Technology | 15.0% | 23.0 | 8.9 | 0.59 | 1.88 | 0.41% | 8.2% |
| Consumer Cyclical | 13.4% | 13.7 | 10.3 | 0.58 | 1.58 | 2.08% | 11.5% |
| Industrials | 9.0% | n/m | 10.6 | 0.40 | 1.51 | 1.54% | −15.6% |
| Consumer Defensive | 7.1% | 52.4 | 10.6 | 0.71 | 1.36 | 1.35% | 2.6% |
| Communication Services | 5.7% | n/m | 8.4 | 0.58 | 1.09 | 0.75% | −42.7% |
| Energy | 4.6% | 31.1 | 8.2 | 0.41 | 1.08 | 1.83% | 3.5% |
| Basic Materials | 4.0% | 102.5 | 11.4 | 0.74 | 1.78 | 1.53% | 1.7% |
| Real Estate | 1.3% | 8.1 | 21.0 | 1.11 | 0.67 | 2.15% | 8.2% |
| Utilities | 0.3% | 15.2 | — | 0.87 | 1.59 | 1.80% | 10.5% |
| Services | 0.1% | n/m | 12.0 | 0.21 | 0.79 | 10.98% | −42.0% |
SQLV 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 SQLV weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
SQLV largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| DXC | DXC Technology Company | 1.37% | 17.9 | 4.2 | 0.2 | — | 7.70% |
| EMBC | Embecta Corp. | 0.91% | 4.3 | — | 0.3 | 0.64% | 21.48% |
| KSS | Kohl's Corporation | 0.89% | 9.6 | 8.5 | 0.2 | 2.32% | 9.28% |
| KD | Kyndryl Holdings, Inc. | 0.87% | 35.7 | 5.4 | 0.2 | — | 2.46% |
| SM | SM Energy Company | 0.80% | 7.0 | 4.4 | 1.9 | 2.23% | 11.55% |
| HRB | H&R Block, Inc. | 0.80% | 8.6 | 6.8 | 1.5 | 3.78% | 9.42% |
| QLYS | Qualys, Inc. | 0.79% | 31.4 | 21.9 | 9.1 | — | 2.54% |
| COMM | CommScope Holding Co Inc | 0.74% | — | — | — | — | — |
| FHI | Federated Hermes, Inc. | 0.72% | 10.4 | 9.9 | 2.2 | 2.57% | 7.00% |
| ASGN | ASGN Inc | 0.72% | — | — | — | — | — |
| CRGY | Crescent Energy Company | 0.71% | 125.2 | 6.3 | 1.3 | 3.49% | 0.57% |
| SLDE | Slide Insurance Holdings, Inc. | 0.68% | 6.6 | — | 2.3 | 1.03% | 10.38% |
| FOR | Forestar Group Inc. | 0.67% | 7.7 | 49.0 | 0.8 | — | 8.72% |
| BMBL | Bumble Inc. | 0.67% | — | 9.3 | 1.0 | — | −40.38% |
| FIZZ | National Beverage Corp. | 0.65% | 18.8 | 18.5 | 2.8 | — | 3.50% |
| VSNT | Versant Media Group, Inc. | 0.63% | 6.0 | 8.7 | 0.7 | 4.72% | 10.54% |
| BKU | BankUnited, Inc. | 0.63% | 11.5 | 9.8 | 2.9 | 3.15% | 5.47% |
| PCRX | Pacira BioSciences, Inc. | 0.62% | 103.8 | 6.2 | 1.9 | — | 0.60% |
| INSP | Inspire Medical Systems, Inc. | 0.61% | 15.2 | 59.2 | 2.2 | — | 4.08% |
| ZD | Ziff Davis Inc | 0.61% | — | 9.8 | 1.4 | — | −1.61% |
| BBWI | Bath & Body Works, Inc. | 0.60% | 5.3 | 6.3 | 0.6 | 3.97% | 11.48% |
| HOG | Harley-Davidson, Inc. | 0.60% | 14.7 | 12.3 | 0.7 | 2.80% | 4.11% |
| IBOC | International Bancshares Corporation | 0.60% | 10.2 | 9.8 | 5.0 | 2.17% | 5.93% |
| CRVL | CorVel Corporation | 0.58% | 35.6 | 23.8 | 4.1 | — | 1.65% |
| CATY | Cathay General Bancorp | 0.58% | 11.7 | 10.1 | 5.0 | 2.54% | 4.98% |
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 SQLV valuation
Adding up its 287 holdings with company data, SQLV trades at 96.6 times trailing earnings and 10.0 times analysts' forward estimates, with a price-to-book ratio of 1.48 and a dividend yield of 1.40%. Its earnings yield of 1.03% is 4.29 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 8.6% of the fund and earn 82.4% of its combined profit. By sector, Healthcare is the most expensive at 275.2 times earnings and Real Estate the cheapest at 8.1. Companies that lost money over the past year are 14.1% 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 96.2% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: SQLV chart, SQLV performance, SQLV holdings, SQLV dividends.
SQLV valuation FAQ
What is the P/E ratio of SQLV?
Based on its holdings, SQLV has a trailing P/E of 96.6 and a forward P/E of 10.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of SQLV?
The trailing earnings yield is 1.03% (1 ÷ P/E) and the forward earnings yield 10.03%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is SQLV more expensive than the S&P 500?
SQLV trades at 96.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 10.0 and 19.9.
What is the price-to-book ratio of SQLV?
The holdings of SQLV trade at 1.48 times book value, with a combined return on equity of 1.5%.
Which sector in SQLV has the highest P/E?
Healthcare has the highest P/E at 275.2 and Real Estate the lowest at 8.1.