Texas Capital Texas Equity ETF (TXS) Valuation
TXS valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 33.2 trailing earnings
- Forward P/E
- 18.5 analyst estimates
- Price / sales
- 1.34
- Price / book
- 3.65
- EV / EBITDA
- 13.6
- Earnings yield
- 3.01% inverse of P/E
- Dividend yield
- 1.27% of the holdings
- Return on equity
- 11.0% combined
- Net margin
- 4.0% combined
- Beta
- 0.95 weighted, vs S&P 500
TXS valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| TXS | 33.2 | 18.5 | 1.34 | 3.65 | 1.27% | 11.0% | 4.0% | 6.1% |
| 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.
TXS valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Energy | 21.1% | 23.7 | 14.3 | 2.34 | 2.73 | 2.02% | 11.5% |
| Consumer Cyclical | 17.2% | 21.1 | 16.9 | 1.05 | 2.87 | 0.53% | 13.6% |
| Industrials | 14.3% | 65.2 | 23.5 | 1.79 | 6.77 | 0.76% | 10.4% |
| Healthcare | 12.4% | 19.0 | 16.6 | 0.48 | 4.36 | 0.26% | 23.0% |
| Real Estate | 11.7% | 39.8 | 28.9 | 2.80 | 2.94 | 2.93% | 7.4% |
| Technology | 10.8% | 141.9 | 52.9 | 6.83 | 13.51 | 0.35% | 9.5% |
| Financial Services | 6.8% | n/m | 12.3 | 3.65 | 2.93 | 1.54% | −1.0% |
| Consumer Defensive | 2.2% | 24.7 | 15.0 | 0.48 | 8.51 | 2.52% | 34.5% |
| Utilities | 1.8% | 29.5 | 13.3 | 2.12 | 3.55 | 1.42% | 12.1% |
| Communication Services | 0.8% | n/m | 10.3 | 0.67 | 1.57 | 3.42% | −5.0% |
| Basic Materials | 0.4% | n/m | 11.3 | 0.52 | 1.40 | 1.60% | −15.6% |
TXS 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 TXS weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
TXS largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| CRWD | CrowdStrike Holdings, Inc. | 7.49% | — | 208.3 | 43.1 | — | 0.07% |
| MCK | McKesson Corporation | 5.39% | 26.9 | 19.7 | 0.3 | 0.37% | 6.77% |
| DLR | Digital Realty Trust, Inc. | 4.39% | 85.4 | 66.2 | 9.8 | 2.77% | 1.74% |
| TSLA | Tesla, Inc. | 4.15% | 328.4 | 158.7 | 13.5 | — | 0.43% |
| THC | Tenet Healthcare Corporation | 4.06% | 10.5 | 12.5 | 1.0 | — | 13.06% |
| SCHW | The Charles Schwab Corporation | 3.87% | 15.7 | 12.9 | 5.9 | 1.39% | 8.31% |
| WM | Waste Management, Inc. | 3.72% | 32.1 | 22.5 | 3.5 | 1.67% | 3.91% |
| GME | GameStop Corp. | 3.20% | 17.6 | 28.2 | 3.8 | — | 6.14% |
| LNG | Cheniere Energy, Inc. | 2.75% | 21.9 | 13.5 | 2.9 | 0.77% | 4.24% |
| CBRE | CBRE Group, Inc. | 2.52% | 30.5 | 14.9 | 0.9 | — | 2.80% |
| SPCX | Space Exploration Technologies Corp. | 2.44% | — | 200.0 | 83.5 | — | −0.36% |
| CCI | Crown Castle Inc. | 2.42% | 33.4 | 21.2 | 8.4 | 5.17% | 2.44% |
| XOM | Exxon Mobil Corporation | 2.35% | 23.0 | 14.8 | 2.0 | 2.30% | 3.45% |
| PWR | Quanta Services, Inc. | 1.97% | 72.4 | 33.0 | 2.9 | 0.07% | 0.92% |
| COP | ConocoPhillips | 1.97% | 19.4 | 12.7 | 2.7 | 2.29% | 3.42% |
| SCI | Service Corporation International | 1.94% | 21.3 | 16.9 | 2.5 | 1.77% | 3.09% |
| SYY | Sysco Corporation | 1.87% | 21.9 | 15.2 | 0.5 | 2.68% | 2.89% |
| EAT | Brinker International, Inc. | 1.70% | 18.8 | 16.2 | 1.5 | — | 3.06% |
| KMI | Kinder Morgan, Inc. | 1.58% | 22.1 | 20.0 | 4.2 | 3.45% | 2.42% |
| RUSHA | Rush Enterprises, Inc. | 1.50% | 20.5 | 11.1 | 0.7 | 1.23% | 2.46% |
| TRGP | Targa Resources Corp. | 1.48% | 28.2 | 23.2 | 3.8 | 1.70% | 1.78% |
| TPL | Texas Pacific Land Corporation | 1.41% | 44.8 | 37.7 | 27.0 | 0.68% | 1.06% |
| CVX | Chevron Corporation | 1.37% | 21.2 | 15.2 | 2.1 | 3.16% | 2.18% |
| INVH | Invitation Homes Inc. | 1.13% | 24.8 | 30.4 | 5.6 | 4.43% | 1.53% |
| ASO | Academy Sports and Outdoors, Inc. | 1.08% | 9.8 | 7.3 | 0.6 | 1.02% | 3.72% |
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 TXS valuation
Adding up its 229 holdings with company data, TXS trades at 33.2 times trailing earnings and 18.5 times analysts' forward estimates, with a price-to-book ratio of 3.65 and a dividend yield of 1.27%. Its earnings yield of 3.01% is 2.32 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 41.6% of the fund and earn 47.5% of its combined profit. By sector, Technology is the most expensive at 141.9 times earnings and Healthcare the cheapest at 19.0. Companies that lost money over the past year are 6.1% 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 98.7% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: TXS chart, TXS performance, TXS holdings, TXS dividends.
TXS valuation FAQ
What is the P/E ratio of TXS?
Based on its holdings, TXS has a trailing P/E of 33.2 and a forward P/E of 18.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of TXS?
The trailing earnings yield is 3.01% (1 ÷ P/E) and the forward earnings yield 5.40%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is TXS more expensive than the S&P 500?
TXS trades at 33.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 18.5 and 19.9.
What is the price-to-book ratio of TXS?
The holdings of TXS trade at 3.65 times book value, with a combined return on equity of 11.0%.
Which sector in TXS has the highest P/E?
Technology has the highest P/E at 141.9 and Healthcare the lowest at 19.0.