Thrivent Small-Mid Cap ESG ETF (TSME) Valuation
TSME valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 30.4 trailing earnings
- Forward P/E
- 16.4 analyst estimates
- Price / sales
- 1.55
- Price / book
- 3.41
- EV / EBITDA
- 15.7
- Earnings yield
- 3.29% inverse of P/E
- Dividend yield
- 0.72% of the holdings
- Return on equity
- 11.2% combined
- Net margin
- 5.1% combined
- Beta
- 1.28 weighted, vs S&P 500
TSME valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| TSME | 30.4 | 16.4 | 1.55 | 3.41 | 0.72% | 11.2% | 5.1% | 12.6% |
| 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.
TSME valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Industrials | 22.1% | 34.5 | 19.9 | 1.65 | 3.28 | 0.69% | 9.5% |
| Technology | 21.6% | 37.3 | 19.5 | 2.45 | 3.99 | 0.43% | 10.7% |
| Consumer Cyclical | 15.9% | 23.9 | 16.8 | 1.00 | 4.95 | 0.34% | 20.7% |
| Healthcare | 12.7% | 131.4 | 18.5 | 0.95 | 3.32 | 0.42% | 2.5% |
| Financial Services | 11.2% | 13.7 | 8.9 | 2.70 | 2.33 | 2.17% | 17.0% |
| Basic Materials | 4.9% | 43.4 | 16.8 | 2.29 | 3.21 | 0.44% | 7.4% |
| Consumer Defensive | 3.0% | 28.5 | 34.7 | 2.01 | 2.92 | 0.38% | 10.2% |
| Utilities | 2.1% | 55.1 | 12.9 | 3.53 | 3.08 | 1.50% | 5.6% |
TSME 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 TSME weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
TSME largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| SN | SharkNinja, Inc. | 3.21% | 38.1 | 23.1 | 3.8 | — | 2.93% |
| ENVA | Enova International, Inc. | 2.74% | 13.3 | 8.3 | 2.6 | — | 7.19% |
| LFUS | Littelfuse, Inc. | 2.54% | — | 23.5 | 3.7 | 0.84% | −0.12% |
| TPB | Turning Point Brands, Inc. | 2.23% | 27.0 | 38.2 | 2.5 | 0.51% | 2.88% |
| BELFB | Bel Fuse Inc. | 2.23% | 50.8 | 26.5 | 4.0 | 0.13% | 1.53% |
| R | Ryder System, Inc. | 2.22% | 19.4 | 23.1 | 0.7 | 1.69% | 3.98% |
| OMF | OneMain Holdings, Inc. | 2.20% | 8.4 | 6.7 | 2.1 | 7.51% | 9.10% |
| LYTS | LSI Industries Inc. | 2.11% | 29.4 | 19.2 | 1.1 | 1.01% | 2.50% |
| AGM | Federal Agricultural Mortgage Corporation | 2.09% | 11.2 | 9.4 | 5.4 | 3.09% | 6.53% |
| IDCC | InterDigital, Inc | 2.09% | 37.3 | 29.9 | 10.5 | 0.94% | 1.95% |
| WGS | GeneDx Holdings Corp. | 1.98% | — | 63.3 | 4.2 | — | −3.93% |
| CECO | CECO Environmental Corp. | 1.95% | — | 26.2 | 3.7 | — | −0.92% |
| WSTG | Wayside Technology Group Inc | 1.89% | — | — | — | — | — |
| IBP | Installed Building Products, Inc. | 1.84% | 20.0 | 17.8 | 1.7 | 0.84% | 3.19% |
| LH | Laboratory Corporation of America Holdings | 1.83% | 26.3 | 16.2 | 1.8 | 0.91% | 2.42% |
| CASY | Casey's General Stores, Inc. | 1.78% | 33.2 | 29.1 | 1.4 | 0.38% | 1.87% |
| VIK | Viking Holdings Ltd | 1.76% | 27.7 | 17.2 | 5.3 | — | 2.21% |
| CMPO | CompoSecure, Inc. | 1.72% | — | — | — | — | — |
| FSS | Federal Signal Corporation | 1.67% | 24.2 | 19.8 | 2.8 | 0.53% | 2.40% |
| ICLR | ICON Public Limited Company | 1.66% | 179.1 | 14.7 | 1.6 | — | 0.32% |
| NR | Newpark Resources Inc | 1.66% | — | — | — | — | — |
| COR | Cencora | 1.65% | 25.3 | 15.7 | 0.2 | 0.70% | 2.27% |
| MOD | Modine Manufacturing Company | 1.64% | 56.0 | 26.0 | 2.3 | — | 1.02% |
| JHX | James Hardie Industries plc | 1.63% | 103.3 | 21.8 | 2.8 | — | 0.55% |
| TFIN | Triumph Financial, Inc. | 1.62% | 41.6 | 10.5 | 3.2 | — | 1.36% |
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 TSME valuation
Adding up its 59 holdings with company data, TSME trades at 30.4 times trailing earnings and 16.4 times analysts' forward estimates, with a price-to-book ratio of 3.41 and a dividend yield of 0.72%. Its earnings yield of 3.29% is 2.04 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 23.7% of the fund and earn 38.5% of its combined profit. By sector, Healthcare is the most expensive at 131.4 times earnings and Financial Services the cheapest at 13.7. Companies that lost money over the past year are 12.6% 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 90.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: TSME chart, TSME performance, TSME holdings, TSME dividends.
TSME valuation FAQ
What is the P/E ratio of TSME?
Based on its holdings, TSME has a trailing P/E of 30.4 and a forward P/E of 16.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of TSME?
The trailing earnings yield is 3.29% (1 ÷ P/E) and the forward earnings yield 6.11%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is TSME more expensive than the S&P 500?
TSME trades at 30.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 16.4 and 19.9.
What is the price-to-book ratio of TSME?
The holdings of TSME trade at 3.41 times book value, with a combined return on equity of 11.2%.
Which sector in TSME has the highest P/E?
Healthcare has the highest P/E at 131.4 and Financial Services the lowest at 13.7.