ProShares Ultra Real Estate (URE) Valuation
URE valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 33.8 trailing earnings
- Forward P/E
- 30.3 analyst estimates
- Price / sales
- 5.48
- Price / book
- 2.97
- EV / EBITDA
- 19.1
- Earnings yield
- 2.96% inverse of P/E
- Dividend yield
- 3.47% of the holdings
- Return on equity
- 8.8% combined
- Net margin
- 16.2% combined
- Beta
- 0.96 weighted, vs S&P 500
URE valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| URE | 33.8 | 30.3 | 5.48 | 2.97 | 3.47% | 8.8% | 16.2% | 0.8% |
| 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.
URE valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Real Estate | 71.5% | 33.8 | 30.3 | 5.48 | 2.97 | 3.47% | 8.8% |
URE 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 URE weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
URE largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| IQMM | Proshares Genius Money Market ETF | 15.50% | — | — | — | — | — |
| WELL | Welltower Inc. | 8.21% | 105.3 | 78.1 | 13.3 | 1.45% | 3.86% |
| PLD | Prologis, Inc. | 5.77% | 27.7 | 29.2 | 12.4 | 3.40% | 10.32% |
| EQIX | Equinix, Inc. | 4.61% | 63.4 | 52.1 | 9.8 | 2.09% | 3.60% |
| AMT | American Tower Corporation | 4.04% | 25.5 | 24.6 | 7.9 | 3.86% | 7.85% |
| SPG | Simon Property Group, Inc. | 3.54% | 14.5 | 30.7 | 11.2 | 4.33% | 12.08% |
| PSA | Public Storage | 3.34% | 28.5 | 27.2 | 11.4 | 4.02% | 5.81% |
| EQR | Equity Residential | 3.32% | — | — | — | — | — |
| VTR | Ventas, Inc. | 3.22% | 159.0 | 128.2 | 6.9 | 2.42% | 1.00% |
| CBRE | CBRE Group, Inc. | 3.17% | 30.5 | 14.9 | 0.9 | — | 5.15% |
| O | Realty Income Corporation | 3.10% | 40.6 | 33.7 | 8.7 | 5.81% | 3.78% |
| DLR | Digital Realty Trust, Inc. | 2.86% | 85.4 | 66.2 | 9.8 | 2.77% | 1.66% |
| CCI | Crown Castle Inc. | 2.67% | 33.4 | 21.2 | 8.4 | 5.17% | 3.96% |
| IRM | Iron Mountain Incorporated | 2.58% | 80.4 | 58.5 | 4.4 | 3.07% | 1.59% |
| EXR | Extra Space Storage Inc. | 2.55% | 30.8 | 29.0 | 8.8 | 4.64% | 4.10% |
| VICI | VICI Properties Inc. | 2.11% | 9.2 | 7.8 | 6.3 | 7.80% | 11.36% |
| SBAC | SBA Communications Corporation | 1.55% | 20.2 | 19.4 | 6.9 | 2.67% | 3.81% |
| ESS | Essex Property Trust, Inc. | 1.51% | 41.9 | 43.9 | 9.4 | 3.85% | 1.78% |
| HST | Host Hotels & Resorts, Inc. | 1.35% | 16.2 | 22.2 | 2.7 | 3.34% | 4.13% |
| KIM | Kimco Realty Corporation | 1.25% | 27.0 | 27.5 | 7.0 | 4.89% | 2.29% |
| CSGP | CoStar Group, Inc. | 1.22% | 179.5 | 18.3 | 3.7 | — | 0.34% |
| INVH | Invitation Homes Inc. | 1.20% | 24.8 | 30.4 | 5.6 | 4.43% | 2.40% |
| WY | Weyerhaeuser Company | 1.17% | 30.2 | 29.1 | 2.1 | 4.28% | 1.92% |
| MAA | Mid-America Apartment Communities, Inc. | 1.14% | 34.1 | 33.6 | 6.3 | 5.25% | 1.66% |
| DOC | Healthpeak Properties, Inc. | 1.12% | 54.2 | 169.5 | 4.6 | 6.43% | 1.03% |
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 URE valuation
Adding up its 29 holdings with company data, URE trades at 33.8 times trailing earnings and 30.3 times analysts' forward estimates, with a price-to-book ratio of 2.97 and a dividend yield of 3.47%. Its earnings yield of 2.96% is 2.36 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 54.7% of the fund and earn 55.1% of its combined profit. Companies that lost money over the past year are 0.8% 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 78.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: URE chart, URE performance, URE holdings, URE dividends.
URE valuation FAQ
What is the P/E ratio of URE?
Based on its holdings, URE has a trailing P/E of 33.8 and a forward P/E of 30.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of URE?
The trailing earnings yield is 2.96% (1 ÷ P/E) and the forward earnings yield 3.31%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is URE more expensive than the S&P 500?
URE trades at 33.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 30.3 and 19.9.
What is the price-to-book ratio of URE?
The holdings of URE trade at 2.97 times book value, with a combined return on equity of 8.8%.