SWP Growth & Income ETF (SWP) Valuation
SWP valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 25.5 trailing earnings
- Forward P/E
- 19.3 analyst estimates
- Price / sales
- 2.50
- Price / book
- 5.04
- EV / EBITDA
- 17.5
- Earnings yield
- 3.92% inverse of P/E
- Dividend yield
- 1.57% of the holdings
- Return on equity
- 19.8% combined
- Net margin
- 9.8% combined
- Beta
- 1.06 weighted, vs S&P 500
SWP valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| SWP | 25.5 | 19.3 | 2.50 | 5.04 | 1.57% | 19.8% | 9.8% | 0.0% |
| 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.
SWP valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 28.8% | 32.3 | 24.0 | 3.60 | 10.69 | 0.94% | 33.1% |
| Financial Services | 15.6% | 15.7 | 13.3 | 3.99 | 2.42 | 2.58% | 15.4% |
| Healthcare | 14.3% | 36.0 | 16.5 | 0.83 | 5.21 | 1.75% | 14.5% |
| Industrials | 12.5% | 25.6 | 17.9 | 2.43 | 4.81 | 1.28% | 18.8% |
| Communication Services | 7.2% | 20.9 | 22.4 | 8.56 | 7.08 | 0.28% | 33.8% |
| Consumer Cyclical | 4.9% | 24.6 | 22.4 | 2.26 | 12.51 | 1.92% | 50.8% |
| Consumer Defensive | 4.8% | 33.4 | 25.0 | 2.69 | 23.93 | 2.28% | 71.7% |
| Real Estate | 4.3% | 37.6 | 37.3 | 11.24 | 2.43 | 3.16% | 6.5% |
| Basic Materials | 2.1% | 34.3 | 18.1 | 3.86 | 5.18 | 0.86% | 15.1% |
| Utilities | 1.8% | 17.9 | 17.7 | 5.80 | 2.81 | 3.12% | 15.7% |
SWP 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 SWP weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
SWP largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MSFT | Microsoft Corporation | 6.00% | 29.5 | 25.1 | 11.8 | 0.74% | 5.47% |
| AAPL | Apple Inc. | 4.92% | 39.4 | 35.2 | 10.7 | 0.31% | 3.35% |
| NVDA | NVIDIA Corporation | 4.21% | 27.1 | 24.9 | 17.1 | 0.47% | 4.18% |
| IBM | International Business Machines Corporation | 4.03% | 20.6 | 17.4 | 3.2 | 2.91% | 5.24% |
| META | Meta Platforms, Inc. | 3.64% | 26.7 | 22.1 | 7.9 | 0.30% | 3.65% |
| AVGO | Broadcom Inc. | 3.60% | 43.3 | 19.4 | 17.6 | 0.79% | 2.23% |
| GOOGL | Alphabet Inc. | 3.53% | 17.1 | 22.8 | 9.3 | 0.26% | 5.55% |
| TJX | The TJX Companies, Inc. | 3.10% | 27.3 | 24.9 | 2.6 | 1.30% | 3.05% |
| PM | Philip Morris International Inc. | 3.04% | 29.5 | 20.9 | 7.5 | 3.12% | 2.77% |
| JPM | JPMorgan Chase & Co. | 2.72% | 14.2 | 13.5 | 4.7 | 1.94% | 5.13% |
| EMR | Emerson Electric Co. | 2.62% | 35.3 | 21.5 | 4.9 | 1.37% | 1.99% |
| URI | United Rentals, Inc. | 2.62% | 24.8 | 18.5 | 3.8 | 0.77% | 2.85% |
| PLD | Prologis, Inc. | 2.61% | 27.7 | 29.2 | 12.4 | 3.40% | 2.53% |
| ABBV | AbbVie Inc. | 2.61% | 80.6 | 16.4 | 7.8 | 2.42% | 0.87% |
| AZN | AstraZeneca PLC | 2.55% | — | — | — | — | — |
| LLY | Eli Lilly and Company | 2.49% | 42.2 | 24.4 | 14.1 | 0.55% | 1.58% |
| BX | Blackstone Inc. | 2.39% | 23.9 | 15.9 | 8.2 | 4.91% | 2.69% |
| COR | Cencora | 2.37% | 25.3 | 15.7 | 0.2 | 0.70% | 2.52% |
| AXP | American Express Company | 2.25% | 19.0 | 15.1 | 3.0 | 1.21% | 3.18% |
| MDT | Medtronic plc | 2.22% | 23.3 | 14.9 | 3.2 | 3.04% | 2.56% |
| BLK | BlackRock, Inc. | 2.21% | 25.8 | 16.4 | 6.5 | 2.02% | 2.30% |
| RTX | RTX Corporation | 2.15% | 34.1 | 24.6 | 2.8 | 1.51% | 1.69% |
| FCX | Freeport-McMoRan Inc. | 2.14% | 34.3 | 18.1 | 3.9 | 0.86% | 1.67% |
| C | Citigroup Inc. | 2.13% | 12.1 | 10.2 | 2.5 | 2.16% | 4.73% |
| BDX | Becton, Dickinson and Company | 2.10% | 44.6 | 13.7 | 2.3 | 2.19% | 1.27% |
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 SWP valuation
Adding up its 38 holdings with company data, SWP trades at 25.5 times trailing earnings and 19.3 times analysts' forward estimates, with a price-to-book ratio of 5.04 and a dividend yield of 1.57%. Its earnings yield of 3.92% is 1.40 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 38.8% of the fund and earn 40.6% of its combined profit. By sector, Real Estate is the most expensive at 37.6 times earnings and Financial Services the cheapest at 15.7. Companies that lost money over the past year are 0.0% 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 94.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: SWP chart, SWP performance, SWP holdings, SWP dividends.
SWP valuation FAQ
What is the P/E ratio of SWP?
Based on its holdings, SWP has a trailing P/E of 25.5 and a forward P/E of 19.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of SWP?
The trailing earnings yield is 3.92% (1 ÷ P/E) and the forward earnings yield 5.18%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is SWP more expensive than the S&P 500?
SWP trades at 25.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.3 and 19.9.
What is the price-to-book ratio of SWP?
The holdings of SWP trade at 5.04 times book value, with a combined return on equity of 19.8%.
Which sector in SWP has the highest P/E?
Real Estate has the highest P/E at 37.6 and Financial Services the lowest at 15.7.