MFAM Small-Cap Growth ETF (TMFS) Valuation
TMFS valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 354.9 trailing earnings
- Forward P/E
- 15.0 analyst estimates
- Price / sales
- 0.64
- Price / book
- 2.79
- EV / EBITDA
- 17.6
- Earnings yield
- 0.28% inverse of P/E
- Dividend yield
- 1.01% of the holdings
- Return on equity
- 0.8% combined
- Net margin
- 0.2% combined
- Beta
- 1.22 weighted, vs S&P 500
TMFS valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| TMFS | 354.9 | 15.0 | 0.64 | 2.79 | 1.01% | 0.8% | 0.2% | 18.9% |
| 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.
TMFS valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Healthcare | 22.7% | n/m | 22.1 | 3.31 | 7.16 | 0.00% | −18.3% |
| Industrials | 18.5% | 147.2 | 15.5 | 0.75 | 2.12 | 0.68% | 1.4% |
| Technology | 17.3% | 56.8 | 20.6 | 3.41 | 3.78 | 0.00% | 6.7% |
| Financial Services | 16.9% | 18.5 | 11.6 | 0.14 | 2.32 | 0.60% | 12.5% |
| Consumer Cyclical | 6.5% | 26.3 | 16.6 | 3.65 | 17.94 | 0.62% | 68.2% |
| Real Estate | 5.0% | 31.5 | 54.2 | 9.26 | 1.55 | 4.61% | 4.9% |
| Energy | 4.8% | n/m | 4.6 | 1.44 | 1.24 | 6.63% | −22.1% |
| Basic Materials | 2.1% | 16.3 | 9.2 | 0.80 | 1.25 | 5.39% | 7.7% |
TMFS 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 TMFS weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
TMFS largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| QTWO | Q2 Holdings, Inc. | 5.84% | 43.9 | 18.0 | 4.6 | — | 53.67% |
| ATEC | Alphatec Holdings, Inc. | 5.08% | — | 18.6 | 2.0 | — | −141.16% |
| NOG | Northern Oil and Gas, Inc. | 4.77% | — | 4.6 | 1.4 | 6.63% | −343.61% |
| HQY | HealthEquity, Inc. | 4.66% | 33.2 | 19.7 | 5.6 | — | 56.63% |
| UFPT | UFP Technologies, Inc. | 4.39% | 31.5 | 21.8 | 3.6 | — | 56.24% |
| SNEX | StoneX Group Inc. | 4.16% | 18.9 | 9.8 | 0.0 | — | 88.64% |
| WING | Wingstop Inc. | 4.04% | 31.2 | 18.2 | 5.0 | 1.00% | 52.25% |
| GXO | GXO Logistics, Inc. | 4.01% | 41.8 | 13.2 | 0.4 | — | 38.78% |
| TOST | Toast, Inc. | 4.01% | 40.0 | 17.6 | 2.7 | — | 40.41% |
| HRI | Herc Holdings Inc. | 3.92% | 79.5 | 12.2 | 0.8 | 2.30% | 19.90% |
| NCNO | nCino, Inc. | 3.90% | 64.1 | 24.8 | 3.5 | — | 24.54% |
| GSHD | Goosehead Insurance, Inc | 3.78% | 33.6 | 16.2 | 4.1 | — | 45.36% |
| LOB | Live Oak Bancshares, Inc. | 3.34% | 12.2 | 10.2 | 3.1 | 0.34% | 110.21% |
| NHIC_old1 | NHIC | 3.34% | — | — | — | — | — |
| SITE | SiteOne Landscape Supply, Inc. | 3.17% | 26.0 | 19.3 | 0.9 | — | 49.28% |
| WRBY | Warby Parker Inc. | 3.14% | 389.0 | 54.3 | 3.2 | — | 3.26% |
| ADC | Agree Realty Corporation | 2.67% | 36.0 | 35.1 | 10.7 | 4.85% | 29.87% |
| IONS | Ionis Pharmaceuticals, Inc. | 2.58% | — | 90.9 | 8.2 | — | −84.44% |
| QXO | QXO, Inc. | 2.58% | — | 19.2 | 1.1 | — | −85.31% |
| FTDR | Frontdoor, Inc. | 2.44% | 20.8 | 14.5 | 2.5 | — | 47.26% |
| HXL | Hexcel Corporation | 2.43% | 45.6 | 20.3 | 3.4 | 0.80% | 21.51% |
| 2VZ | LEONARDO DRS INC. DL-01 | 2.35% | — | — | — | — | — |
| STAG | STAG Industrial, Inc. | 2.32% | 27.6 | 144.9 | 8.0 | 4.33% | 33.91% |
| TOWN | TowneBank | 2.26% | 17.8 | 12.5 | 2.9 | 3.10% | 51.18% |
| EMN | Eastman Chemical Company | 2.10% | 16.3 | 9.2 | 0.8 | 5.39% | 51.99% |
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 TMFS valuation
Adding up its 30 holdings with company data, TMFS trades at 354.9 times trailing earnings and 15.0 times analysts' forward estimates, with a price-to-book ratio of 2.79 and a dividend yield of 1.01%. Its earnings yield of 0.28% is 5.05 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 44.9% of the fund and earn −78.2% of its combined profit. By sector, Industrials is the most expensive at 147.2 times earnings and Basic Materials the cheapest at 16.3. Companies that lost money over the past year are 18.9% 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 93.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: TMFS chart, TMFS performance, TMFS holdings.
TMFS valuation FAQ
What is the P/E ratio of TMFS?
Based on its holdings, TMFS has a trailing P/E of 354.9 and a forward P/E of 15.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of TMFS?
The trailing earnings yield is 0.28% (1 ÷ P/E) and the forward earnings yield 6.65%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is TMFS more expensive than the S&P 500?
TMFS trades at 354.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 15.0 and 19.9.
What is the price-to-book ratio of TMFS?
The holdings of TMFS trade at 2.79 times book value, with a combined return on equity of 0.8%.
Which sector in TMFS has the highest P/E?
Industrials has the highest P/E at 147.2 and Basic Materials the lowest at 16.3.