Thrivent Small Cap Value ETF (TSCV) Valuation
TSCV valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 22.6 trailing earnings
- Forward P/E
- 11.3 analyst estimates
- Price / sales
- 1.14
- Price / book
- 1.67
- EV / EBITDA
- 9.8
- Earnings yield
- 4.42% inverse of P/E
- Dividend yield
- 1.72% of the holdings
- Return on equity
- 7.4% combined
- Net margin
- 5.0% combined
- Beta
- 0.99 weighted, vs S&P 500
TSCV valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| TSCV | 22.6 | 11.3 | 1.14 | 1.67 | 1.72% | 7.4% | 5.0% | 5.5% |
| 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.
TSCV valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 20.3% | 10.6 | 9.2 | 2.65 | 1.14 | 2.64% | 10.8% |
| Industrials | 18.4% | 21.7 | 13.8 | 1.22 | 2.05 | 1.20% | 9.5% |
| Consumer Cyclical | 13.1% | 16.5 | 12.3 | 0.58 | 2.06 | 1.52% | 12.5% |
| Technology | 8.8% | 41.5 | 11.0 | 1.87 | 3.16 | 0.11% | 7.6% |
| Basic Materials | 7.2% | 17.0 | 12.6 | 0.87 | 2.18 | 1.33% | 12.8% |
| Healthcare | 6.1% | n/m | 10.5 | 1.39 | 1.88 | 0.48% | −31.3% |
| Energy | 6.1% | 12.2 | 8.0 | 1.49 | 1.29 | 1.99% | 10.6% |
| Real Estate | 5.4% | 30.7 | 12.9 | 0.51 | 1.66 | 2.16% | 5.4% |
| Consumer Defensive | 5.0% | 38.9 | 15.1 | 1.35 | 2.08 | 2.33% | 5.3% |
| Utilities | 3.9% | 21.3 | 15.0 | 2.12 | 1.33 | 3.85% | 6.2% |
TSCV 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 TSCV weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
TSCV largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| ASH | Ashland Inc. | 2.57% | 45.6 | 15.7 | 1.8 | 2.36% | 1.39% |
| CWK | Cushman & Wakefield plc | 2.50% | 39.0 | 7.4 | 0.2 | — | 1.59% |
| VLY | Valley National Bancorp | 2.43% | 10.7 | 8.4 | 3.5 | 3.48% | 5.59% |
| KFY | Korn Ferry | 2.42% | 13.8 | 13.0 | 1.4 | 3.01% | 4.33% |
| ONB | Old National Bancorp | 2.40% | 11.1 | 8.4 | 3.6 | 2.32% | 5.36% |
| UMBF | UMB Financial Corporation | 2.34% | 10.9 | 9.6 | 3.5 | 1.53% | 5.31% |
| MTDR | Matador Resources Company | 2.24% | 9.9 | 5.5 | 1.9 | 2.61% | 5.62% |
| SN | SharkNinja, Inc. | 2.24% | 38.1 | 23.1 | 3.8 | — | 1.45% |
| SSB | SouthState Corporation | 2.12% | 10.7 | 10.3 | 3.7 | 2.59% | 4.89% |
| GPOR | Gulfport Energy Corporation | 2.07% | 6.6 | 6.8 | 2.2 | — | 7.76% |
| ORI | Old Republic International Corporation | 2.03% | 8.8 | 11.4 | 1.0 | 3.18% | 5.71% |
| AUB | Atlantic Union Bankshares Corporation | 2.01% | 11.3 | 9.1 | 3.6 | 3.88% | 4.41% |
| PRMB | Primo Brands Corporation | 1.95% | 65.7 | 13.3 | 1.1 | 2.43% | 0.73% |
| TEX | Terex Corporation | 1.95% | 24.4 | 9.8 | 0.9 | 1.33% | 1.97% |
| SR | Spire Inc. | 1.95% | 23.8 | 14.9 | 1.8 | 4.02% | 2.02% |
| BKH | Black Hills Corporation | 1.90% | 19.3 | 15.0 | 2.5 | 3.67% | 2.44% |
| DCOM | Dime Community Bancshares, Inc. | 1.90% | 14.0 | 12.8 | 3.9 | 2.58% | 3.35% |
| HAYW | Hayward Holdings, Inc. | 1.89% | 16.2 | 13.0 | 2.1 | — | 2.89% |
| GTES | Gates Industrial Corporation plc | 1.85% | 18.3 | 13.9 | 1.9 | — | 2.49% |
| WTFC | Wintrust Financial Corporation | 1.82% | 11.6 | 10.9 | 3.5 | 1.53% | 3.89% |
| PTEN | Patterson-UTI Energy, Inc. | 1.82% | — | 35.7 | 0.9 | 3.48% | −0.94% |
| CALM | Cal-Maine Foods, Inc. | 1.79% | 51.7 | 19.8 | 1.2 | 3.85% | 0.85% |
| HRI | Herc Holdings Inc. | 1.77% | 79.5 | 12.2 | 0.8 | 2.30% | 0.55% |
| ESNT | Essent Group Ltd. | 1.71% | 9.0 | 8.2 | 4.4 | 2.16% | 4.69% |
| CXT | Crane NXT, Co. | 1.70% | 22.7 | 10.4 | 1.7 | 1.32% | 1.85% |
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 TSCV valuation
Adding up its 55 holdings with company data, TSCV trades at 22.6 times trailing earnings and 11.3 times analysts' forward estimates, with a price-to-book ratio of 1.67 and a dividend yield of 1.72%. Its earnings yield of 4.42% is 0.91 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 23.3% of the fund and earn 43.3% of its combined profit. By sector, Technology is the most expensive at 41.5 times earnings and Financial Services the cheapest at 10.6. Companies that lost money over the past year are 5.5% 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: TSCV chart, TSCV holdings, TSCV dividends.
TSCV valuation FAQ
What is the P/E ratio of TSCV?
Based on its holdings, TSCV has a trailing P/E of 22.6 and a forward P/E of 11.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of TSCV?
The trailing earnings yield is 4.42% (1 ÷ P/E) and the forward earnings yield 8.84%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is TSCV more expensive than the S&P 500?
TSCV trades at 22.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 11.3 and 19.9.
What is the price-to-book ratio of TSCV?
The holdings of TSCV trade at 1.67 times book value, with a combined return on equity of 7.4%.
Which sector in TSCV has the highest P/E?
Technology has the highest P/E at 41.5 and Financial Services the lowest at 10.6.