Touchstone Sands Capital US Select Growth ETF (TSEL) Valuation
TSEL valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 32.9 trailing earnings
- Forward P/E
- 22.9 analyst estimates
- Price / sales
- 7.30
- Price / book
- 8.85
- EV / EBITDA
- 23.1
- Earnings yield
- 3.04% inverse of P/E
- Dividend yield
- 0.27% of the holdings
- Return on equity
- 26.9% combined
- Net margin
- 22.2% combined
- Beta
- 1.78 weighted, vs S&P 500
TSEL valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| TSEL | 32.9 | 22.9 | 7.30 | 8.85 | 0.27% | 26.9% | 22.2% | 4.9% |
| 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.
TSEL valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 50.9% | 35.9 | 20.5 | 9.12 | 10.68 | 0.30% | 29.7% |
| Communication Services | 21.3% | 23.8 | 23.5 | 7.15 | 6.62 | 0.20% | 27.9% |
| Industrials | 11.7% | 91.0 | 39.5 | 5.77 | 13.15 | 0.06% | 14.4% |
| Consumer Cyclical | 6.6% | 23.3 | 25.7 | 3.08 | 6.25 | 0.00% | 26.9% |
| Financial Services | 6.0% | 28.6 | 21.3 | 12.31 | 6.16 | 0.91% | 21.5% |
TSEL 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 TSEL weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
TSEL largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 10.74% | 27.1 | 24.9 | 17.1 | 0.47% | 13.52% |
| GOOGL | Alphabet Inc. | 9.16% | 17.1 | 22.8 | 9.3 | 0.26% | 18.27% |
| MSFT | Microsoft Corporation | 6.88% | 29.5 | 25.1 | 11.8 | 0.74% | 7.95% |
| META | Meta Platforms, Inc. | 6.46% | 26.7 | 22.1 | 7.9 | 0.30% | 8.23% |
| AMZN | Amazon.com, Inc. | 4.09% | 20.1 | 23.6 | 3.5 | — | 6.92% |
| XYZ | Block, Inc | 4.08% | 139.1 | 14.5 | 1.9 | — | 1.00% |
| SHOP | Shopify Inc. | 4.05% | 114.5 | 58.8 | 16.6 | — | 1.21% |
| PWR | Quanta Services, Inc. | 4.05% | 72.4 | 33.0 | 2.9 | 0.07% | 1.91% |
| SPOT | Spotify Technology S.A | 3.88% | 30.5 | 28.6 | 6.0 | — | 4.33% |
| STX | Seagate Technology Holdings plc | 3.84% | 46.0 | 25.7 | 11.9 | 0.46% | 2.84% |
| V | Visa Inc. | 3.68% | 34.3 | 24.0 | 17.0 | 0.67% | 3.66% |
| SNDK | Sandisk Corporation | 3.57% | 17.6 | 8.0 | 9.3 | — | 6.90% |
| MU | Micron Technology, Inc. | 3.41% | 11.8 | 7.0 | 7.5 | 0.07% | 9.82% |
| LRCX | Lam Research Corporation | 3.40% | 45.8 | 33.7 | 14.2 | 0.50% | 2.52% |
| BE | Bloom Energy Corporation | 3.27% | 291.2 | 57.1 | 20.9 | — | 0.38% |
| AMD | Advanced Micro Devices, Inc. | 2.94% | 134.9 | 39.5 | 20.9 | — | 0.74% |
| CVNA | Carvana Co. | 2.56% | 31.1 | 29.9 | 2.6 | — | 2.80% |
| DDOG | Datadog, Inc. | 2.51% | 494.2 | 84.7 | 22.4 | — | 0.17% |
| ICE | Intercontinental Exchange, Inc. | 2.35% | 22.8 | 18.1 | 8.6 | 1.29% | 3.51% |
| CRS | Carpenter Technology Corporation | 2.24% | 35.8 | 23.4 | 6.0 | 0.21% | 2.13% |
| NET | Cloudflare, Inc. | 1.97% | — | 178.6 | 42.0 | — | −0.12% |
| AVGO | Broadcom Inc. | 1.88% | 43.3 | 19.4 | 17.6 | 0.79% | 1.48% |
| IOT | Samsara Inc. | 1.59% | 282.6 | 52.4 | 12.5 | — | 0.19% |
| SPHR | Sphere Entertainment Co. | 1.37% | — | 28.4 | 2.7 | — | −0.98% |
| SPCX | Space Exploration Technologies Corp. | 1.35% | — | 200.0 | 83.5 | — | −0.20% |
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 TSEL valuation
Adding up its 27 holdings with company data, TSEL trades at 32.9 times trailing earnings and 22.9 times analysts' forward estimates, with a price-to-book ratio of 8.85 and a dividend yield of 0.27%. Its earnings yield of 3.04% is 2.29 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 57.2% of the fund and earn 66.2% of its combined profit. By sector, Industrials is the most expensive at 91.0 times earnings and Consumer Cyclical the cheapest at 23.3. Companies that lost money over the past year are 4.9% 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 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: TSEL chart, TSEL performance, TSEL holdings.
TSEL valuation FAQ
What is the P/E ratio of TSEL?
Based on its holdings, TSEL has a trailing P/E of 32.9 and a forward P/E of 22.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of TSEL?
The trailing earnings yield is 3.04% (1 ÷ P/E) and the forward earnings yield 4.37%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is TSEL more expensive than the S&P 500?
TSEL trades at 32.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 22.9 and 19.9.
What is the price-to-book ratio of TSEL?
The holdings of TSEL trade at 8.85 times book value, with a combined return on equity of 26.9%.
Which sector in TSEL has the highest P/E?
Industrials has the highest P/E at 91.0 and Consumer Cyclical the lowest at 23.3.