ProShares UltraPro Dow30 (UDOW) Valuation
UDOW valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 21.0 trailing earnings
- Forward P/E
- 18.4 analyst estimates
- Price / sales
- 3.15
- Price / book
- 5.52
- EV / EBITDA
- 15.7
- Earnings yield
- 4.77% inverse of P/E
- Dividend yield
- 1.54% of the holdings
- Return on equity
- 26.3% combined
- Net margin
- 15.0% combined
- Beta
- 0.97 weighted, vs S&P 500
UDOW valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| UDOW | 21.0 | 18.4 | 3.15 | 5.52 | 1.54% | 26.3% | 15.0% | 0.0% |
| 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.
UDOW valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 14.4% | 14.7 | 13.9 | 3.44 | 3.17 | 1.63% | 21.5% |
| Technology | 10.4% | 27.7 | 22.1 | 7.14 | 9.36 | 0.98% | 33.8% |
| Healthcare | 8.0% | 31.0 | 17.2 | 1.93 | 6.47 | 2.28% | 20.8% |
| Industrials | 7.9% | 21.4 | 25.0 | 2.86 | 11.50 | 0.98% | 53.7% |
| Consumer Cyclical | 5.2% | 20.4 | 19.8 | 2.70 | 10.56 | 2.24% | 51.8% |
| Communication Services | 2.6% | 18.3 | 19.4 | 4.62 | 3.70 | 0.55% | 20.2% |
| Consumer Defensive | 2.4% | 29.3 | 26.0 | 2.59 | 7.91 | 2.00% | 27.0% |
| Basic Materials | 2.2% | 30.9 | 23.8 | 3.33 | 20.56 | 0.95% | 66.5% |
| Energy | 1.4% | 21.2 | 15.2 | 2.11 | 2.12 | 3.16% | 10.0% |
UDOW 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 UDOW weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
UDOW largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| IQMM | Proshares Genius Money Market ETF | 24.70% | — | — | — | — | — |
| GS | The Goldman Sachs Group, Inc. | 5.45% | 12.7 | 12.8 | 3.6 | 2.27% | 16.51% |
| CAT | Caterpillar Inc. | 4.37% | 31.5 | 25.4 | 4.5 | 0.89% | 5.34% |
| MSFT | Microsoft Corporation | 3.27% | 29.5 | 25.1 | 11.8 | 0.74% | 4.26% |
| AMGN | Amgen Inc. | 2.86% | 26.9 | 16.7 | 6.1 | 2.33% | 4.08% |
| UNH | UnitedHealth Group Incorporated | 2.61% | 25.8 | 16.6 | 0.8 | 2.31% | 3.88% |
| V | Visa Inc. | 2.54% | 34.3 | 24.0 | 17.0 | 0.67% | 2.85% |
| TRV | The Travelers Companies, Inc. | 2.39% | 10.5 | 10.8 | 1.7 | 1.28% | 8.78% |
| SHW | The Sherwin-Williams Company | 2.21% | 30.9 | 23.8 | 3.3 | 0.95% | 2.74% |
| AAPL | Apple Inc. | 2.14% | 39.4 | 35.2 | 10.7 | 0.31% | 2.09% |
| JPM | JPMorgan Chase & Co. | 2.07% | 14.2 | 13.5 | 4.7 | 1.94% | 5.59% |
| AXP | American Express Company | 1.99% | 19.0 | 15.1 | 3.0 | 1.21% | 4.02% |
| HD | The Home Depot, Inc. | 1.92% | 21.5 | 19.8 | 1.8 | 3.01% | 3.43% |
| GOOGL | Alphabet Inc. | 1.92% | 17.1 | 22.8 | 9.3 | 0.26% | 4.32% |
| JNJ | Johnson & Johnson | 1.69% | 38.8 | 21.0 | 6.2 | 2.10% | 1.67% |
| MCD | McDonald's Corporation | 1.52% | 19.7 | 17.1 | 6.2 | 3.18% | 2.96% |
| AMZN | Amazon.com, Inc. | 1.51% | 20.1 | 23.6 | 3.5 | — | 2.88% |
| CRM | Salesforce, Inc. | 1.51% | 22.0 | 14.0 | 4.5 | 0.73% | 2.63% |
| IBM | International Business Machines Corporation | 1.47% | 20.6 | 17.4 | 3.2 | 2.91% | 2.74% |
| CVX | Chevron Corporation | 1.44% | 21.2 | 15.2 | 2.1 | 3.16% | 2.61% |
| HON | Honeywell International Inc. | 1.40% | 7.8 | 22.2 | 1.8 | 1.32% | 6.89% |
| NVDA | NVIDIA Corporation | 1.31% | 27.1 | 24.9 | 17.1 | 0.47% | 1.85% |
| BA | The Boeing Company | 1.11% | 67.9 | 49.5 | 1.6 | — | 0.63% |
| MMM | 3M Company | 1.07% | 29.3 | 17.8 | 3.4 | 1.89% | 1.40% |
| PG | The Procter & Gamble Company | 1.03% | 24.1 | 21.2 | 4.3 | 2.73% | 1.64% |
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 UDOW valuation
Adding up its 30 holdings with company data, UDOW trades at 21.0 times trailing earnings and 18.4 times analysts' forward estimates, with a price-to-book ratio of 5.52 and a dividend yield of 1.54%. Its earnings yield of 4.77% is 0.56 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 52.5% of the fund and earn 56.1% of its combined profit. By sector, Healthcare is the most expensive at 31.0 times earnings and Financial Services the cheapest at 14.7. Companies that lost money over the past year are 0.0% 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 68.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: UDOW chart, UDOW performance, UDOW holdings, UDOW dividends.
UDOW valuation FAQ
What is the P/E ratio of UDOW?
Based on its holdings, UDOW has a trailing P/E of 21.0 and a forward P/E of 18.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of UDOW?
The trailing earnings yield is 4.77% (1 ÷ P/E) and the forward earnings yield 5.43%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is UDOW more expensive than the S&P 500?
UDOW trades at 21.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 18.4 and 19.9.
What is the price-to-book ratio of UDOW?
The holdings of UDOW trade at 5.52 times book value, with a combined return on equity of 26.3%.
Which sector in UDOW has the highest P/E?
Healthcare has the highest P/E at 31.0 and Financial Services the lowest at 14.7.