FlexShares Morningstar US Market Factors Tilt… (TILT) Valuation

Cboe BZX: TILTP/E, earnings yield and other ratios of the holdings combined.

TILT valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 25.5
Forward P/E: 16.2
Price / sales: 2.09
Price / book: 3.51
EV / EBITDA: 14.4
Earnings yield: 3.92%
Dividend yield: 1.34%
Return on equity: 13.8%
Net margin: 8.2%
Beta: 1.09

TILT valuation vs other stock ETFs

P/E (TTM)Forward P/E

TILT valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
TILT	25.5	16.2	2.09	3.51	1.34%	13.8%	8.2%	5.8%
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.

TILT valuation by sector

P/E (TTM)Forward P/E

TILT valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	29.8%	34.6	20.9	5.53	9.82	0.54%	28.4%
Financial Services	16.4%	14.8	11.8	2.03	1.78	1.90%	12.0%
Healthcare	10.7%	60.9	15.7	1.72	4.44	1.18%	7.3%
Consumer Cyclical	10.0%	23.9	16.5	1.17	3.61	1.05%	15.1%
Industrials	8.2%	28.8	17.6	1.42	4.06	1.24%	14.1%
Communication Services	7.4%	20.8	17.8	3.85	4.03	0.81%	19.4%
Consumer Defensive	4.9%	36.1	17.4	1.11	3.95	2.61%	11.0%
Energy	4.7%	17.3	11.5	1.35	2.01	2.19%	11.6%
Real Estate	2.6%	23.0	19.6	2.64	1.90	5.01%	8.2%
Utilities	2.1%	17.3	14.2	2.29	1.90	3.26%	11.0%
Basic Materials	2.0%	105.2	13.8	1.34	2.57	1.56%	2.4%
Services	0.0%	14.2	15.3	1.60	2.99	2.71%	21.0%
Information Technology	0.0%	n/m	45.0	20.20	2.74	0.00%	−2.7%
Financials	0.0%	16.2	—	4.22	1.27	1.94%	7.8%

TILT earnings yield vs bond yields

TILT earnings yield (forward)

6.17%

TILT earnings yield (trailing)

3.92%

TILT dividend yield

1.34%

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 TILT weight splits by P/E

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

TILT largest holdings: valuation

TILT largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
AAPL	Apple Inc.	5.35%	39.4	35.2	10.7	0.31%	3.53%
NVDA	NVIDIA Corporation	4.90%	27.1	24.9	17.1	0.47%	4.70%
MSFT	Microsoft Corporation	3.79%	29.5	25.1	11.8	0.74%	3.34%
AMZN	Amazon.com, Inc.	2.51%	20.1	23.6	3.5	—	3.24%
GOOGL	Alphabet Inc.	1.85%	17.1	22.8	9.3	0.26%	2.81%
META	Meta Platforms, Inc.	1.80%	26.7	22.1	7.9	0.30%	1.75%
AVGO	Broadcom Inc.	1.60%	43.3	19.4	17.6	0.79%	0.96%
GOOG	Alphabet Inc.	1.59%	16.9	21.8	9.2	0.26%	2.44%
BRK.B	Berkshire Hathaway Inc.	1.28%	13.4	22.7	3.0	—	2.49%
MU	Micron Technology, Inc.	1.24%	11.8	7.0	7.5	0.07%	2.72%
JPM	JPMorgan Chase & Co.	1.18%	14.2	13.5	4.7	1.94%	2.16%
TSLA	Tesla, Inc.	1.10%	328.4	158.7	13.5	—	0.09%
LLY	Eli Lilly and Company	1.07%	42.2	24.4	14.1	0.55%	0.66%
XOM	Exxon Mobil Corporation	0.96%	23.0	14.8	2.0	2.30%	1.09%
AMD	Advanced Micro Devices, Inc.	0.82%	134.9	39.5	20.9	—	0.16%
JNJ	Johnson & Johnson	0.78%	38.8	21.0	6.2	2.10%	0.52%
V	Visa Inc.	0.70%	34.3	24.0	17.0	0.67%	0.53%
ABBV	AbbVie Inc.	0.61%	80.6	16.4	7.8	2.42%	0.20%
WMT	Walmart Inc.	0.56%	43.0	38.0	1.3	0.83%	0.34%
CVX	Chevron Corporation	0.52%	21.2	15.2	2.1	3.16%	0.64%
MA	Mastercard Incorporated	0.51%	34.0	24.2	15.4	0.56%	0.39%
CSCO	Cisco Systems, Inc.	0.50%	32.2	19.8	6.7	1.56%	0.41%
PG	The Procter & Gamble Company	0.49%	24.1	21.2	4.3	2.73%	0.53%
UNH	UnitedHealth Group Incorporated	0.47%	25.8	16.6	0.8	2.31%	0.47%
MRK	Merck & Co., Inc.	0.45%	115.8	15.3	5.4	2.33%	0.10%

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 TILT valuation

Adding up its 1,797 holdings with company data, TILT trades at 25.5 times trailing earnings and 16.2 times analysts' forward estimates, with a price-to-book ratio of 3.51 and a dividend yield of 1.34%. Its earnings yield of 3.92% is 1.41 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 25.9% of the fund and earn 28.0% of its combined profit. By sector, Basic Materials is the most expensive at 105.2 times earnings and Services the cheapest at 14.2. Companies that lost money over the past year are 5.8% 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 98.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

TILT valuation FAQ

What is the P/E ratio of TILT?

Based on its holdings, TILT has a trailing P/E of 25.5 and a forward P/E of 16.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of TILT?

The trailing earnings yield is 3.92% (1 ÷ P/E) and the forward earnings yield 6.17%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is TILT more expensive than the S&P 500?

TILT trades at 25.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 16.2 and 19.9.

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

The holdings of TILT trade at 3.51 times book value, with a combined return on equity of 13.8%.

Which sector in TILT has the highest P/E?

Basic Materials has the highest P/E at 105.2 and Services the lowest at 14.2.