ProShares UltraShort Real Estate (SRS) Valuation
SRS valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 94.8 trailing earnings
- Forward P/E
- 23.2 analyst estimates
- Price / sales
- 4.27
- Price / book
- 2.07
- EV / EBITDA
- 17.0
- Earnings yield
- 1.05% inverse of P/E
- Dividend yield
- 4.64% of the holdings
- Return on equity
- 2.2% combined
- Net margin
- 4.5% combined
- Beta
- 1.02 weighted, vs S&P 500
SRS valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| SRS | 94.8 | 23.2 | 4.27 | 2.07 | 4.64% | 2.2% | 4.5% | 9.2% |
| 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.
SRS valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Real Estate | 96.5% | 94.8 | 23.2 | 4.27 | 2.07 | 4.64% | 2.2% |
SRS 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 SRS weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
SRS largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AMT | American Tower Corporation | 8.29% | 25.5 | 24.6 | 7.9 | 3.86% | 36.44% |
| PLD | Prologis, Inc. | 4.87% | 27.7 | 29.2 | 12.4 | 3.40% | 19.70% |
| CCI | Crown Castle Inc. | 4.79% | 33.4 | 21.2 | 8.4 | 5.17% | 16.06% |
| EQIX | Equinix, Inc. | 3.75% | 63.4 | 52.1 | 9.8 | 2.09% | 6.62% |
| SPG | Simon Property Group, Inc. | 3.60% | 14.5 | 30.7 | 11.2 | 4.33% | 27.82% |
| PSA | Public Storage | 2.68% | 28.5 | 27.2 | 11.4 | 4.02% | 10.56% |
| WELL | Welltower Inc. | 2.60% | 105.3 | 78.1 | 13.3 | 1.45% | 2.77% |
| AVB | AvalonBay Communities Inc | 2.27% | — | — | — | — | — |
| EQR | Equity Residential | 2.19% | — | — | — | — | — |
| SBAC | SBA Communications Corporation | 2.16% | 20.2 | 19.4 | 6.9 | 2.67% | 12.01% |
| O | Realty Income Corporation | 2.01% | 40.6 | 33.7 | 8.7 | 5.81% | 5.55% |
| DLR | Digital Realty Trust, Inc. | 1.93% | 85.4 | 66.2 | 9.8 | 2.77% | 2.54% |
| WY | Weyerhaeuser Company | 1.78% | 30.2 | 29.1 | 2.1 | 4.28% | 6.63% |
| CSGP | CoStar Group, Inc. | 1.76% | 179.5 | 18.3 | 3.7 | — | 1.10% |
| VTR | Ventas, Inc. | 1.67% | 159.0 | 128.2 | 6.9 | 2.42% | 1.18% |
| BXP | BXP, Inc. | 1.61% | 31.8 | 27.3 | 3.4 | 4.73% | 5.67% |
| CBRE | CBRE Group, Inc. | 1.52% | 30.5 | 14.9 | 0.9 | — | 5.60% |
| ESS | Essex Property Trust, Inc. | 1.52% | 41.9 | 43.9 | 9.4 | 3.85% | 4.07% |
| ARE | Alexandria Real Estate Equities, Inc. | 1.50% | — | 16.7 | 2.5 | 6.92% | −24.36% |
| DOC | Healthpeak Properties, Inc. | 1.43% | 54.2 | 169.5 | 4.6 | 6.43% | 2.95% |
| INVH | Invitation Homes Inc. | 1.28% | 24.8 | 30.4 | 5.6 | 4.43% | 5.79% |
| MAA | Mid-America Apartment Communities, Inc. | 1.15% | 34.1 | 33.6 | 6.3 | 5.25% | 3.78% |
| EXR | Extra Space Storage Inc. | 1.12% | 30.8 | 29.0 | 8.8 | 4.64% | 4.09% |
| UDR | UDR, Inc. | 1.08% | 21.7 | 51.5 | 7.1 | 5.08% | 5.58% |
| NLY | Annaly Capital Management, Inc. | 1.08% | 4.5 | 6.5 | 4.2 | 16.46% | 27.06% |
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 SRS valuation
Adding up its 80 holdings with company data, SRS trades at 94.8 times trailing earnings and 23.2 times analysts' forward estimates, with a price-to-book ratio of 2.07 and a dividend yield of 4.64%. Its earnings yield of 1.05% is 4.27 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 37.2% of the fund and earn 140.1% of its combined profit. Companies that lost money over the past year are 9.2% 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 86.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: SRS chart, SRS performance, SRS holdings, SRS dividends.
SRS valuation FAQ
What is the P/E ratio of SRS?
Based on its holdings, SRS has a trailing P/E of 94.8 and a forward P/E of 23.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of SRS?
The trailing earnings yield is 1.05% (1 ÷ P/E) and the forward earnings yield 4.31%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is SRS more expensive than the S&P 500?
SRS trades at 94.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 23.2 and 19.9.
What is the price-to-book ratio of SRS?
The holdings of SRS trade at 2.07 times book value, with a combined return on equity of 2.2%.