Virtus ETF Trust II (SSMG) Valuation

NYSE Arca: SSMGP/E, earnings yield and other ratios of the holdings combined.

SSMG valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 65.4
Forward P/E: 24.6
Price / sales: 1.57
Price / book: 7.05
EV / EBITDA: 22.5
Earnings yield: 1.53%
Dividend yield: 0.24%
Return on equity: 10.8%
Net margin: 2.4%
Beta: 1.47

SSMG valuation vs other stock ETFs

P/E (TTM)Forward P/E

SSMG valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
SSMG	65.4	24.6	1.57	7.05	0.24%	10.8%	2.4%	22.6%
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.

SSMG valuation by sector

P/E (TTM)Forward P/E

SSMG valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	25.0%	116.9	30.7	7.95	8.77	0.00%	7.5%
Industrials	23.3%	50.1	27.1	3.26	9.55	0.22%	19.1%
Healthcare	22.8%	192.7	25.2	6.69	8.12	0.12%	4.2%
Consumer Cyclical	11.5%	41.0	25.1	2.30	6.30	0.24%	15.4%
Financial Services	6.7%	44.4	14.5	0.17	3.51	0.59%	7.9%
Energy	4.5%	24.6	22.1	2.24	4.48	0.98%	18.2%
Communication Services	1.5%	61.4	48.8	6.27	4.07	1.80%	6.6%
Utilities	1.5%	n/m	9.9	4.49	8.91	0.00%	−10.4%
Basic Materials	1.3%	36.0	22.7	3.34	4.42	1.23%	12.3%
Real Estate	0.7%	14.7	10.4	0.51	2.07	0.00%	14.1%

SSMG earnings yield vs bond yields

SSMG earnings yield (forward)

4.06%

SSMG earnings yield (trailing)

1.53%

SSMG dividend yield

0.24%

Bond market yield (AGG)

5.33%

T-bill yield (BIL)

3.91%

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 SSMG weight splits by P/E

Share of the covered weight in companies with a trailing P/E in each range.

SSMG largest holdings: valuation

SSMG largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
NTRA	Natera, Inc.	3.20%	—	—	20.9	—	−0.77%
FTI	TechnipFMC plc	3.16%	24.3	21.3	2.6	0.29%	9.16%
HALO	Halozyme Therapeutics, Inc.	3.07%	35.6	11.5	8.3	—	6.06%
CLS	Celestica Inc.	2.58%	—	—	—	—	—
BE	Bloom Energy Corporation	2.56%	291.2	57.1	20.9	—	0.62%
LIND	Lindblad Expeditions Holdings, Inc.	2.38%	—	46.1	2.7	—	−1.84%
STRL	Sterling Infrastructure, Inc.	2.18%	30.6	19.6	3.8	—	5.03%
FTAI	FTAI Aviation Ltd.	2.14%	35.8	13.5	5.4	1.22%	4.22%
CRS	Carpenter Technology Corporation	2.13%	35.8	23.4	6.0	0.21%	4.19%
XPO	XPO Logistics, Inc.	2.04%	54.9	27.0	2.5	—	2.61%
SN	SharkNinja, Inc.	1.91%	38.1	23.1	3.8	—	3.53%
GHM	Graham Corporation	1.87%	66.5	45.0	3.1	—	1.98%
AIT	Applied Industrial Technologies, Inc.	1.82%	30.2	27.8	2.4	0.62%	4.26%
TPX	Tempur Sealy International Inc	1.80%	—	—	—	—	—
SITM	SiTime Corporation	1.76%	843.1	44.4	30.2	—	0.15%
IESC	IES Holdings, Inc.	1.74%	22.4	208.3	2.7	—	5.48%
CRDO	Credo Technology Group Holding Ltd	1.72%	60.2	30.9	20.0	—	2.01%
GWRE	Guidewire Software, Inc.	1.57%	103.6	34.8	9.4	—	1.07%
TKO	TKO Group Holdings, Inc.	1.55%	61.4	48.8	6.3	1.80%	1.78%
TPC	Tutor Perini Corporation	1.55%	33.5	12.9	0.7	0.46%	3.25%
TLN	Talen Energy Corporation	1.48%	—	9.9	4.5	—	−1.22%
AXSM	Axsome Therapeutics, Inc.	1.47%	—	32.2	10.6	—	−2.46%
SNEX	StoneX Group Inc.	1.45%	18.9	9.8	0.0	—	5.41%
RVMD	Revolution Medicines, Inc.	1.36%	—	—	9,035.1	—	−4.78%
IOT	Samsara Inc.	1.36%	282.6	52.4	12.5	—	0.34%

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 SSMG valuation

Adding up its 78 holdings with company data, SSMG trades at 65.4 times trailing earnings and 24.6 times analysts' forward estimates, with a price-to-book ratio of 7.05 and a dividend yield of 0.24%. Its earnings yield of 1.53% is 3.80 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 25.4% of the fund and earn 32.8% of its combined profit. By sector, Healthcare is the most expensive at 192.7 times earnings and Real Estate the cheapest at 14.7. Companies that lost money over the past year are 22.6% 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 94.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

Related: SSMG chart, SSMG holdings.

SSMG valuation FAQ

What is the P/E ratio of SSMG?

Based on its holdings, SSMG has a trailing P/E of 65.4 and a forward P/E of 24.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of SSMG?

The trailing earnings yield is 1.53% (1 ÷ P/E) and the forward earnings yield 4.06%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is SSMG more expensive than the S&P 500?

SSMG trades at 65.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 24.6 and 19.9.

What is the price-to-book ratio of SSMG?

The holdings of SSMG trade at 7.05 times book value, with a combined return on equity of 10.8%.

Which sector in SSMG has the highest P/E?

Healthcare has the highest P/E at 192.7 and Real Estate the lowest at 14.7.