Stratified LargeCap ETF (SSPY) Valuation
SSPY valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 22.6 trailing earnings
- Forward P/E
- 14.8 analyst estimates
- Price / sales
- 1.53
- Price / book
- 3.18
- EV / EBITDA
- 13.1
- Earnings yield
- 4.43% inverse of P/E
- Dividend yield
- 1.84% of the holdings
- Return on equity
- 14.1% combined
- Net margin
- 6.8% combined
- Beta
- 0.88 weighted, vs S&P 500
SSPY valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| SSPY | 22.6 | 14.8 | 1.53 | 3.18 | 1.84% | 14.1% | 6.8% | 4.2% |
| 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.
SSPY valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 16.3% | 27.5 | 18.4 | 3.39 | 5.63 | 0.99% | 20.4% |
| Consumer Defensive | 13.5% | 30.3 | 16.0 | 0.95 | 3.60 | 3.07% | 11.9% |
| Consumer Cyclical | 13.4% | 24.1 | 15.7 | 1.40 | 4.62 | 1.64% | 19.2% |
| Healthcare | 13.0% | 32.8 | 14.7 | 0.93 | 3.34 | 1.15% | 10.2% |
| Financial Services | 9.7% | 12.4 | 10.9 | 2.04 | 1.72 | 1.73% | 13.8% |
| Industrials | 9.7% | 23.6 | 17.4 | 1.98 | 4.56 | 1.29% | 19.4% |
| Utilities | 6.2% | 16.7 | 14.1 | 2.12 | 2.05 | 3.10% | 12.2% |
| Energy | 5.9% | 19.0 | 13.0 | 1.85 | 2.73 | 2.19% | 14.4% |
| Communication Services | 5.5% | 15.6 | 9.4 | 1.29 | 2.17 | 1.68% | 14.0% |
| Real Estate | 3.3% | 39.0 | 32.6 | 5.69 | 2.47 | 3.88% | 6.3% |
| Basic Materials | 2.2% | 32.0 | 13.5 | 1.76 | 2.75 | 1.57% | 8.6% |
SSPY 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 SSPY weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
SSPY largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| IBM | International Business Machines Corporation | 1.08% | 20.6 | 17.4 | 3.2 | 2.91% | 1.21% |
| MSFT | Microsoft Corporation | 1.06% | 29.5 | 25.1 | 11.8 | 0.74% | 0.83% |
| SYF | Synchrony Financial | 0.98% | 7.5 | 6.7 | 2.4 | 1.85% | 3.00% |
| COF | Capital One Financial Corporation | 0.96% | 13.0 | 8.5 | 2.6 | 1.59% | 1.70% |
| WMT | Walmart Inc. | 0.89% | 43.0 | 38.0 | 1.3 | 0.83% | 0.48% |
| KR | The Kroger Co. | 0.89% | 35.4 | 11.3 | 0.3 | 2.45% | 0.58% |
| COST | Costco Wholesale Corporation | 0.87% | 47.6 | 40.3 | 1.4 | 0.59% | 0.42% |
| TJX | The TJX Companies, Inc. | 0.86% | 27.3 | 24.9 | 2.6 | 1.30% | 0.73% |
| ROST | Ross Stores, Inc. | 0.78% | 28.6 | 27.4 | 3.1 | 0.75% | 0.63% |
| SYY | Sysco Corporation | 0.76% | 21.9 | 15.2 | 0.5 | 2.68% | 0.80% |
| XOM | Exxon Mobil Corporation | 0.59% | 23.0 | 14.8 | 2.0 | 2.30% | 0.59% |
| KMI | Kinder Morgan, Inc. | 0.58% | 22.1 | 20.0 | 4.2 | 3.45% | 0.61% |
| CVX | Chevron Corporation | 0.56% | 21.2 | 15.2 | 2.1 | 3.16% | 0.61% |
| YUM | Yum! Brands, Inc. | 0.56% | 19.0 | 20.4 | 4.7 | 1.99% | 0.68% |
| HCA | HCA Healthcare, Inc. | 0.55% | 15.4 | 13.9 | 1.3 | 0.68% | 0.82% |
| DRI | Darden Restaurants, Inc. | 0.54% | 21.0 | 18.9 | 1.8 | 3.00% | 0.59% |
| UHS | Universal Health Services, Inc. | 0.54% | 7.6 | 7.3 | 0.6 | 0.43% | 1.63% |
| L | Loews Corporation | 0.53% | 13.5 | 12.2 | 1.2 | 0.23% | 0.90% |
| AAPL | Apple Inc. | 0.53% | 39.4 | 35.2 | 10.7 | 0.31% | 0.31% |
| MSI | Motorola Solutions, Inc. | 0.53% | 36.5 | 23.9 | 6.3 | 1.05% | 0.33% |
| MCD | McDonald's Corporation | 0.52% | 19.7 | 17.1 | 6.2 | 3.18% | 0.61% |
| SBUX | Starbucks Corporation | 0.52% | 56.4 | 30.9 | 2.9 | 2.58% | 0.21% |
| TRGP | Targa Resources Corp. | 0.52% | 28.2 | 23.2 | 3.8 | 1.70% | 0.43% |
| BRK.B | Berkshire Hathaway Inc. | 0.52% | 13.4 | 22.7 | 3.0 | — | 0.89% |
| EL | The Estée Lauder Companies Inc. | 0.51% | 209.1 | 29.8 | 2.5 | 1.34% | 0.06% |
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 SSPY valuation
Adding up its 497 holdings with company data, SSPY trades at 22.6 times trailing earnings and 14.8 times analysts' forward estimates, with a price-to-book ratio of 3.18 and a dividend yield of 1.84%. Its earnings yield of 4.43% is 0.90 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 9.1% of the fund and earn 10.4% of its combined profit. By sector, Real Estate is the most expensive at 39.0 times earnings and Financial Services the cheapest at 12.4. Companies that lost money over the past year are 4.2% 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 99.2% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: SSPY chart, SSPY performance, SSPY holdings, SSPY dividends.
SSPY valuation FAQ
What is the P/E ratio of SSPY?
Based on its holdings, SSPY has a trailing P/E of 22.6 and a forward P/E of 14.8 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of SSPY?
The trailing earnings yield is 4.43% (1 ÷ P/E) and the forward earnings yield 6.74%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is SSPY more expensive than the S&P 500?
SSPY trades at 22.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 14.8 and 19.9.
What is the price-to-book ratio of SSPY?
The holdings of SSPY trade at 3.18 times book value, with a combined return on equity of 14.1%.
Which sector in SSPY has the highest P/E?
Real Estate has the highest P/E at 39.0 and Financial Services the lowest at 12.4.