TimesSquare Quality Mid Cap Growth ETF (TSCM) Valuation

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

TSCM valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 65.6
Forward P/E: 26.0
Price / sales: 3.24
Price / book: 8.28
EV / EBITDA: 20.1
Earnings yield: 1.52%
Dividend yield: 0.34%
Return on equity: 12.6%
Net margin: 4.9%
Beta: 1.29

TSCM valuation vs other stock ETFs

P/E (TTM)Forward P/E

TSCM valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
TSCM	65.6	26.0	3.24	8.28	0.34%	12.6%	4.9%	22.2%
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.

TSCM valuation by sector

P/E (TTM)Forward P/E

TSCM valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	34.3%	n/m	38.5	11.09	10.77	0.05%	−12.8%
Industrials	19.9%	33.2	24.9	4.34	11.66	0.42%	35.1%
Healthcare	12.6%	33.7	26.6	4.72	6.78	0.20%	20.1%
Consumer Cyclical	10.8%	38.1	30.4	2.28	7.45	0.40%	19.5%
Energy	6.6%	22.3	17.4	2.22	7.59	1.62%	34.1%
Financial Services	5.0%	19.2	16.7	3.29	6.43	0.90%	33.5%
Communication Services	3.3%	n/m	28.2	5.74	10.65	0.00%	−9.0%
Utilities	2.2%	27.2	9.0	0.66	5.04	1.83%	18.5%
Basic Materials	2.1%	32.6	20.6	5.32	3.02	0.67%	9.3%
Real Estate	1.6%	30.5	14.9	0.88	4.80	0.00%	15.8%
Consumer Defensive	1.3%	42.7	16.6	0.24	2.91	0.00%	6.8%

TSCM earnings yield vs bond yields

TSCM earnings yield (forward)

3.84%

TSCM earnings yield (trailing)

1.52%

TSCM dividend yield

0.34%

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 TSCM weight splits by P/E

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

TSCM largest holdings: valuation

TSCM largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
TTAN	ServiceTitan, Inc.	4.31%	—	45.0	6.8	—	−4.62%
FROG	JFrog Ltd.	4.31%	—	81.3	17.3	—	−1.28%
CASY	Casey's General Stores, Inc.	4.01%	33.2	29.1	1.4	0.38%	8.19%
EHC	Encompass Health Corporation	3.81%	21.4	18.9	2.0	0.66%	12.07%
ROST	Ross Stores, Inc.	3.79%	28.6	27.4	3.1	0.75%	8.98%
SNOW	Snowflake Inc.	3.64%	—	169.5	19.9	—	−2.56%
NTSK	Netskope, Inc.	3.41%	—	—	9.7	—	−12.10%
IDXX	IDEXX Laboratories, Inc.	3.38%	39.8	31.4	9.7	—	5.75%
TTWO	Take-Two Interactive Software, Inc.	3.29%	—	28.2	5.7	—	−1.88%
VRSK	Verisk Analytics, Inc.	3.26%	29.3	20.1	8.0	1.05%	7.54%
EME	EMCOR Group, Inc.	3.22%	22.5	19.8	1.7	0.22%	9.73%
IOT	Samsara Inc.	3.14%	282.6	52.4	12.5	—	0.75%
CW	Curtiss-Wright Corporation	3.01%	34.6	28.4	5.1	0.21%	5.89%
DASH	DoorDash, Inc.	2.99%	99.6	38.0	5.2	—	2.04%
CCO	Cameco Corp	2.98%	—	—	—	—	—
EVR	Evercore Inc.	2.95%	14.3	12.2	2.1	1.40%	13.98%
VRT	Vertiv Holdings Co	2.64%	46.7	27.8	6.9	0.12%	3.84%
ALAB	Astera Labs, Inc.	2.62%	140.8	55.6	41.3	—	1.26%
MTSI	MACOM Technology Solutions Holdings, Inc.	2.54%	83.5	32.3	17.2	—	2.06%
TRGP	Targa Resources Corp.	2.52%	28.2	23.2	3.8	1.70%	6.07%
LITE	Lumentum Holdings Inc.	2.51%	—	42.9	24.8	—	−19.19%
FIX	Comfort Systems USA, Inc.	2.49%	35.4	26.0	4.5	0.25%	4.76%
DT	Dynatrace, Inc.	2.29%	122.2	29.6	8.5	—	1.27%
MKSI	MKS Instruments, Inc.	2.27%	34.2	10.4	3.3	0.47%	4.52%
CTAS	Cintas Corporation	2.21%	42.1	36.2	7.3	0.97%	3.55%

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 TSCM valuation

Adding up its 39 holdings with company data, TSCM trades at 65.6 times trailing earnings and 26.0 times analysts' forward estimates, with a price-to-book ratio of 8.28 and a dividend yield of 0.34%. Its earnings yield of 1.52% is 3.80 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 37.2% of the fund and earn 20.1% of its combined profit. By sector, Consumer Defensive is the most expensive at 42.7 times earnings and Financial Services the cheapest at 19.2. Companies that lost money over the past year are 22.2% 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 97.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

Related: TSCM chart, TSCM holdings.

TSCM valuation FAQ

What is the P/E ratio of TSCM?

Based on its holdings, TSCM has a trailing P/E of 65.6 and a forward P/E of 26.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of TSCM?

The trailing earnings yield is 1.52% (1 ÷ P/E) and the forward earnings yield 3.84%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is TSCM more expensive than the S&P 500?

TSCM trades at 65.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 26.0 and 19.9.

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

The holdings of TSCM trade at 8.28 times book value, with a combined return on equity of 12.6%.

Which sector in TSCM has the highest P/E?

Consumer Defensive has the highest P/E at 42.7 and Financial Services the lowest at 19.2.