Cambria US EW ETF (USEW) Valuation
USEW valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 26.7 trailing earnings
- Forward P/E
- 18.4 analyst estimates
- Price / sales
- 2.78
- Price / book
- 4.74
- EV / EBITDA
- 16.0
- Earnings yield
- 3.75% inverse of P/E
- Dividend yield
- 1.20% of the holdings
- Return on equity
- 17.8% combined
- Net margin
- 10.4% combined
- Beta
- 1.07 weighted, vs S&P 500
USEW valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| USEW | 26.7 | 18.4 | 2.78 | 4.74 | 1.20% | 17.8% | 10.4% | 4.2% |
| 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.
USEW valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 17.5% | 50.9 | 23.5 | 7.94 | 10.41 | 0.51% | 20.5% |
| Financial Services | 11.6% | 16.5 | 15.2 | 3.56 | 2.56 | 1.45% | 15.5% |
| Healthcare | 8.1% | 32.3 | 17.1 | 1.43 | 4.76 | 1.41% | 14.7% |
| Industrials | 8.0% | 28.0 | 22.5 | 2.94 | 6.47 | 1.20% | 23.1% |
| Consumer Cyclical | 6.0% | 30.5 | 19.1 | 1.69 | 6.62 | 1.07% | 21.7% |
| Communication Services | 4.2% | 18.2 | 16.8 | 3.62 | 4.29 | 1.00% | 23.6% |
| Energy | 3.6% | 18.2 | 11.5 | 1.49 | 2.81 | 1.96% | 15.5% |
| Consumer Defensive | 2.7% | 29.5 | 22.4 | 1.97 | 9.06 | 2.20% | 30.7% |
| Utilities | 1.6% | 21.4 | 15.9 | 2.58 | 2.15 | 2.84% | 10.1% |
| Basic Materials | 1.5% | 26.3 | 18.1 | 3.97 | 5.04 | 1.77% | 19.2% |
| Real Estate | 0.2% | 78.8 | 57.1 | 6.69 | 2.58 | 2.64% | 3.3% |
USEW 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 USEW weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
USEW largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| SPLV | Invesco S&P 500® Low Volatility ETF | 6.01% | — | — | — | — | — |
| FVAL | Fidelity® Value Factor ETF | 2.13% | — | — | — | — | — |
| SPY | SPDR S&P 500 ETF Trust | 1.98% | — | — | — | — | — |
| IWD | iShares Russell 1000 Value ETF | 1.98% | — | — | — | — | — |
| RSP | Invesco S&P 500® Equal Weight ETF | 1.90% | — | — | — | — | — |
| MDYV | SPDR® S&P 400 Mid Cap Value ETF | 1.83% | — | — | — | — | — |
| AAPL | Apple Inc. | 1.70% | 39.4 | 35.2 | 10.7 | 0.31% | 1.78% |
| BRK.B | Berkshire Hathaway Inc. | 1.61% | 13.4 | 22.7 | 3.0 | — | 4.94% |
| VOO | Vanguard S&P 500 ETF | 1.61% | — | — | — | — | — |
| VTV | Vanguard Index Funds - Vanguard Value ETF | 1.31% | — | — | — | — | — |
| MSFT | Microsoft Corporation | 1.28% | 29.5 | 25.1 | 11.8 | 0.74% | 1.78% |
| NOBL | ProShares S&P 500 Dividend Aristocrats ETF | 1.11% | — | — | — | — | — |
| IVV | iShares Trust - iShares Core S&P 500 ETF | 1.07% | — | — | — | — | — |
| NVDA | NVIDIA Corporation | 1.03% | 27.1 | 24.9 | 17.1 | 0.47% | 1.57% |
| TMO | Thermo Fisher Scientific Inc. | 1.01% | 37.1 | 24.2 | 5.5 | 0.27% | 1.12% |
| JPM | JPMorgan Chase & Co. | 1.00% | 14.2 | 13.5 | 4.7 | 1.94% | 2.90% |
| VTI | Vanguard Index Funds - Vanguard Total Stock Market ETF | 0.98% | — | — | — | — | — |
| GOOG | Alphabet Inc. | 0.97% | 16.9 | 21.8 | 9.2 | 0.26% | 2.37% |
| AMZN | Amazon.com, Inc. | 0.97% | 20.1 | 23.6 | 3.5 | — | 1.98% |
| META | Meta Platforms, Inc. | 0.95% | 26.7 | 22.1 | 7.9 | 0.30% | 1.46% |
| IWM | iShares Trust - iShares Russell 2000 ETF | 0.94% | — | — | — | — | — |
| AVGO | Broadcom Inc. | 0.93% | 43.3 | 19.4 | 17.6 | 0.79% | 0.88% |
| DGRO | iShares Trust - iShares Core Dividend Growth ETF | 0.92% | — | — | — | — | — |
| FBCG_old | Fidelity® Blue Chip Growth ETF | 0.88% | — | — | — | — | — |
| CGW | Invesco S&P Global Water Index ETF | 0.84% | — | — | — | — | — |
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 USEW valuation
Adding up its 389 holdings with company data, USEW trades at 26.7 times trailing earnings and 18.4 times analysts' forward estimates, with a price-to-book ratio of 4.74 and a dividend yield of 1.20%. Its earnings yield of 3.75% is 1.58 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 22.1% of the fund and earn 20.8% of its combined profit. By sector, Real Estate is the most expensive at 78.8 times earnings and Financial Services the cheapest at 16.5. Companies that lost money over the past year are 4.2% 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 65.1% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: USEW chart, USEW holdings, USEW dividends.
USEW valuation FAQ
What is the P/E ratio of USEW?
Based on its holdings, USEW has a trailing P/E of 26.7 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 USEW?
The trailing earnings yield is 3.75% (1 ÷ P/E) and the forward earnings yield 5.42%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is USEW more expensive than the S&P 500?
USEW trades at 26.7 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 USEW?
The holdings of USEW trade at 4.74 times book value, with a combined return on equity of 17.8%.
Which sector in USEW has the highest P/E?
Real Estate has the highest P/E at 78.8 and Financial Services the lowest at 16.5.