iShares ESG MSCI USA Leaders ETF (SUSL) Valuation

NASDAQ: SUSLP/E, earnings yield and other ratios of the holdings combined.

SUSL valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 25.6
Forward P/E: 20.5
Price / sales: 4.03
Price / book: 6.42
EV / EBITDA: 17.9
Earnings yield: 3.91%
Dividend yield: 1.10%
Return on equity: 25.1%
Net margin: 15.8%
Beta: 1.20

SUSL valuation vs other stock ETFs

P/E (TTM)Forward P/E

SUSL valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
SUSL	25.6	20.5	4.03	6.42	1.10%	25.1%	15.8%	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.

SUSL valuation by sector

P/E (TTM)Forward P/E

SUSL valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	37.0%	30.1	24.2	10.48	10.88	0.62%	36.1%
Communication Services	11.7%	15.7	18.5	4.65	4.40	0.88%	28.0%
Healthcare	11.2%	37.0	18.7	2.56	6.85	1.32%	18.5%
Financial Services	11.2%	17.5	14.6	3.49	3.27	1.55%	18.7%
Consumer Cyclical	8.7%	35.4	26.3	3.11	11.47	1.09%	32.4%
Industrials	7.4%	31.5	24.3	3.80	9.17	0.95%	29.1%
Consumer Defensive	5.7%	27.7	21.5	1.73	7.14	2.29%	25.8%
Energy	2.1%	18.9	10.4	1.22	4.10	1.64%	21.7%
Basic Materials	1.9%	23.3	16.4	3.22	3.78	1.22%	16.2%
Real Estate	1.9%	36.3	32.6	5.73	3.92	2.89%	10.8%
Utilities	0.9%	16.9	13.9	2.09	1.68	3.42%	10.0%

SUSL earnings yield vs bond yields

SUSL earnings yield (forward)

4.89%

SUSL earnings yield (trailing)

3.91%

SUSL dividend yield

1.10%

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 SUSL weight splits by P/E

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

SUSL largest holdings: valuation

SUSL largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
NVDA	NVIDIA Corporation	14.25%	27.1	24.9	17.1	0.47%	13.50%
MSFT	Microsoft Corporation	10.51%	29.5	25.1	11.8	0.74%	9.15%
GOOGL	Alphabet Inc.	5.64%	17.1	22.8	9.3	0.26%	8.46%
GOOG	Alphabet Inc.	4.26%	16.9	21.8	9.2	0.26%	6.46%
TSLA	Tesla, Inc.	3.19%	328.4	158.7	13.5	—	0.25%
LLY	Eli Lilly and Company	3.06%	42.2	24.4	14.1	0.55%	1.86%
AMD	Advanced Micro Devices, Inc.	2.36%	134.9	39.5	20.9	—	0.45%
V	Visa Inc.	1.89%	34.3	24.0	17.0	0.67%	1.42%
JNJ	Johnson & Johnson	1.81%	38.8	21.0	6.2	2.10%	1.20%
MA	Mastercard Incorporated	1.52%	34.0	24.2	15.4	0.56%	1.15%
COST	Costco Wholesale Corporation	1.34%	47.6	40.3	1.4	0.59%	0.72%
PG	The Procter & Gamble Company	1.12%	24.1	21.2	4.3	2.73%	1.19%
KO	The Coca-Cola Company	1.02%	28.2	25.3	8.1	2.26%	0.93%
MRK	Merck & Co., Inc.	1.01%	115.8	15.3	5.4	2.33%	0.22%
HD	The Home Depot, Inc.	0.98%	21.5	19.8	1.8	3.01%	1.16%
CAT	Caterpillar Inc.	0.90%	31.5	25.4	4.5	0.89%	0.73%
PANW	Palo Alto Networks, Inc.	0.86%	855.0	94.3	24.4	—	0.03%
GE	GE Aerospace	0.84%	37.0	35.3	6.4	0.60%	0.58%
AMAT	Applied Materials, Inc.	0.82%	35.3	23.4	10.5	0.52%	0.59%
LRCX	Lam Research Corporation	0.80%	45.8	33.7	14.2	0.50%	0.45%
LIN	Linde plc	0.70%	32.2	23.6	6.5	1.28%	0.56%
AMGN	Amgen Inc.	0.68%	26.9	16.7	6.1	2.33%	0.65%
IBM	International Business Machines Corporation	0.67%	20.6	17.4	3.2	2.91%	0.84%
GEV	GE Vernova Inc.	0.65%	26.4	38.8	5.9	0.22%	0.63%
MS	Morgan Stanley	0.62%	14.3	14.9	3.6	2.55%	1.11%

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 SUSL valuation

Adding up its 249 holdings with company data, SUSL trades at 25.6 times trailing earnings and 20.5 times analysts' forward estimates, with a price-to-book ratio of 6.42 and a dividend yield of 1.10%. Its earnings yield of 3.91% is 1.42 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 48.5% of the fund and earn 43.9% of its combined profit. By sector, Healthcare is the most expensive at 37.0 times earnings and Communication Services the cheapest at 15.7. 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 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

SUSL valuation FAQ

What is the P/E ratio of SUSL?

Based on its holdings, SUSL has a trailing P/E of 25.6 and a forward P/E of 20.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of SUSL?

The trailing earnings yield is 3.91% (1 ÷ P/E) and the forward earnings yield 4.89%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is SUSL more expensive than the S&P 500?

SUSL trades at 25.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 20.5 and 19.9.

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

The holdings of SUSL trade at 6.42 times book value, with a combined return on equity of 25.1%.

Which sector in SUSL has the highest P/E?

Healthcare has the highest P/E at 37.0 and Communication Services the lowest at 15.7.