VictoryShares US Small Mid Cap Value Momentum… (USVM) Valuation

NASDAQ: USVMP/E, earnings yield and other ratios of the holdings combined.

USVM valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 18.0
Forward P/E: 12.0
Price / sales: 0.91
Price / book: 1.49
EV / EBITDA: 4.5
Earnings yield: 5.55%
Dividend yield: 2.09%
Return on equity: 8.2%
Net margin: 5.1%
Beta: 0.96

USVM valuation vs other stock ETFs

P/E (TTM)Forward P/E

USVM valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
USVM	18.0	12.0	0.91	1.49	2.09%	8.2%	5.1%	12.0%
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.

USVM valuation by sector

P/E (TTM)Forward P/E

USVM valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Financial Services	25.5%	9.9	9.2	1.72	1.12	2.48%	11.4%
Industrials	13.5%	18.2	14.2	0.98	2.01	1.41%	11.1%
Healthcare	12.2%	50.7	15.4	1.86	2.67	0.11%	5.3%
Consumer Cyclical	11.7%	13.9	10.4	0.49	1.39	1.64%	10.0%
Technology	8.9%	n/m	12.9	0.95	2.42	0.38%	−0.5%
Real Estate	7.5%	21.4	24.3	2.19	1.16	5.93%	5.4%
Utilities	6.4%	18.1	15.4	2.09	1.39	3.86%	7.7%
Energy	5.1%	20.4	9.5	0.34	1.37	3.04%	6.7%
Consumer Defensive	3.9%	n/m	13.2	0.28	1.44	1.86%	−0.1%
Communication Services	3.0%	15.2	14.3	1.46	1.40	1.22%	9.2%
Basic Materials	1.5%	n/m	8.8	0.49	1.45	2.38%	−4.9%
Services	0.3%	14.2	15.3	1.60	2.99	2.71%	21.0%

USVM earnings yield vs bond yields

USVM earnings yield (forward)

8.36%

USVM earnings yield (trailing)

5.55%

USVM dividend yield

2.09%

Bond market yield (AGG)

5.33%

T-bill yield (BIL)

3.91%

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 USVM weight splits by P/E

Share of the covered weight in companies with a trailing P/E in each range.

USVM largest holdings: valuation

USVM largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
PNW	Pinnacle West Capital Corporation	0.77%	19.9	16.9	2.3	3.52%	0.73%
WTM	White Mountains Insurance Group, Ltd.	0.70%	4.9	13.9	1.7	0.05%	2.66%
SWX	Southwest Gas Holdings, Inc.	0.67%	21.9	17.4	3.6	2.95%	0.57%
NJR	New Jersey Resources Corporation	0.66%	14.5	14.9	2.4	3.83%	0.86%
KRG	Kite Realty Group Trust	0.66%	15.4	42.6	6.3	4.71%	0.81%
AVA	Avista Corporation	0.66%	13.2	13.0	1.6	5.37%	0.93%
MDU	MDU Resources Group, Inc.	0.64%	20.2	17.3	2.2	2.97%	0.60%
OGS	ONE Gas, Inc.	0.64%	16.3	17.4	2.1	3.60%	0.74%
SHO	Sunstone Hotel Investors, Inc.	0.63%	56.3	555.6	2.2	3.04%	0.21%
EFC	Ellington Financial Inc.	0.63%	7.2	9.1	3.5	13.39%	1.63%
SR	Spire Inc.	0.63%	23.8	14.9	1.8	4.02%	0.49%
GHC	Graham Holdings Company	0.63%	9.7	20.1	1.0	0.63%	1.21%
EG	Everest Group, Ltd.	0.63%	8.2	6.2	0.9	2.06%	1.42%
APLE	Apple Hospitality REIT, Inc.	0.62%	23.0	23.5	2.8	5.63%	0.51%
BOKF	BOK Financial Corporation	0.60%	11.8	12.1	3.3	2.02%	0.96%
HST	Host Hotels & Resorts, Inc.	0.60%	16.2	22.2	2.7	3.34%	0.69%
UBSI	United Bankshares, Inc.	0.60%	12.7	13.6	5.1	3.26%	0.88%
RNR	RenaissanceRe Holdings Ltd.	0.59%	6.1	8.1	1.3	0.47%	1.84%
THG	The Hanover Insurance Group, Inc.	0.59%	11.2	11.1	1.2	1.63%	1.00%
CNO	CNO Financial Group, Inc.	0.59%	18.9	9.7	1.1	1.32%	0.59%
INDB	Independent Bank Corp.	0.59%	11.8	9.5	3.8	3.20%	0.93%
DRH	DiamondRock Hospitality Company	0.58%	18.6	19.8	2.4	3.28%	0.59%
BKH	Black Hills Corporation	0.58%	19.3	15.0	2.5	3.67%	0.56%
WSFS	WSFS Financial Corporation	0.58%	12.8	11.1	3.6	1.05%	0.85%
GL	Globe Life Inc.	0.57%	11.2	10.2	2.1	0.78%	0.96%

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 USVM valuation

Adding up its 278 holdings with company data, USVM trades at 18.0 times trailing earnings and 12.0 times analysts' forward estimates, with a price-to-book ratio of 1.49 and a dividend yield of 2.09%. Its earnings yield of 5.55% is 0.22 points above the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 6.7% of the fund and earn 9.7% of its combined profit. By sector, Healthcare is the most expensive at 50.7 times earnings and Financial Services the cheapest at 9.9. Companies that lost money over the past year are 12.0% 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 96.1% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

USVM valuation FAQ

What is the P/E ratio of USVM?

Based on its holdings, USVM has a trailing P/E of 18.0 and a forward P/E of 12.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of USVM?

The trailing earnings yield is 5.55% (1 ÷ P/E) and the forward earnings yield 8.36%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is USVM more expensive than the S&P 500?

USVM trades at 18.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 12.0 and 19.9.

What is the price-to-book ratio of USVM?

The holdings of USVM trade at 1.49 times book value, with a combined return on equity of 8.2%.

Which sector in USVM has the highest P/E?

Healthcare has the highest P/E at 50.7 and Financial Services the lowest at 9.9.