iShares MSCI World Small-Cap ETF (WSML) Valuation

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

WSML valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 40.5
Forward P/E: 14.4
Price / sales: 1.40
Price / book: 2.40
EV / EBITDA: 10.9
Earnings yield: 2.47%
Dividend yield: 1.40%
Return on equity: 5.9%
Net margin: 3.5%
Beta: 1.10

WSML valuation vs other stock ETFs

P/E (TTM)Forward P/E

WSML valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
WSML	40.5	14.4	1.40	2.40	1.40%	5.9%	3.5%	19.5%
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.

WSML valuation by sector

P/E (TTM)Forward P/E

WSML valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Industrials	17.7%	44.4	17.1	1.31	3.02	0.91%	6.8%
Financial Services	13.6%	15.9	10.5	1.54	1.57	2.26%	9.9%
Technology	13.4%	75.4	17.2	2.02	4.19	0.19%	5.5%
Healthcare	12.2%	n/m	16.3	2.44	3.97	0.14%	−4.6%
Consumer Cyclical	11.0%	25.9	12.5	0.76	2.51	1.18%	9.7%
Real Estate	7.9%	36.1	20.1	2.88	1.64	5.25%	4.5%
Energy	5.1%	19.6	10.9	1.10	1.58	2.32%	8.1%
Consumer Defensive	4.2%	54.1	13.6	0.60	2.28	1.66%	4.2%
Communication Services	3.2%	n/m	15.7	1.72	1.70	0.81%	−0.3%
Utilities	2.6%	20.3	14.1	2.16	1.80	3.02%	8.9%

WSML earnings yield vs bond yields

WSML earnings yield (forward)

6.96%

WSML earnings yield (trailing)

2.47%

WSML dividend yield

1.40%

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 WSML weight splits by P/E

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

WSML largest holdings: valuation

WSML largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
MRNA	Moderna, Inc.	0.66%	—	23.0	39.1	—	−1.60%
THC	Tenet Healthcare Corporation	0.22%	10.5	12.5	1.0	—	1.41%
USFD	US Foods Holding Corp.	0.22%	31.4	17.0	0.5	—	0.46%
VTRS	Viatris Inc.	0.21%	—	6.4	1.5	2.57%	−0.27%
GH	Guardant Health, Inc.	0.20%	—	—	18.0	—	−0.29%
RGLD	Royal Gold, Inc.	0.20%	26.4	24.2	13.1	0.80%	0.50%
ROKU	Roku, Inc	0.19%	65.8	39.1	4.4	—	0.20%
RBRK	Rubrik, Inc.	0.19%	—	625.0	15.0	—	−0.11%
OVV	Ovintiv Inc.	0.19%	19.3	9.0	2.0	1.73%	0.66%
EWBC	East West Bancorp, Inc.	0.18%	12.2	12.7	6.0	2.52%	0.99%
PR	Permian Resources Corporation	0.18%	16.2	10.0	3.6	2.56%	0.74%
DINO	HF Sinclair Corporation	0.18%	11.9	10.0	0.7	1.68%	1.00%
SNX	TD SYNNEX Corporation	0.17%	15.0	12.7	0.3	0.78%	0.77%
RVTY	Revvity, Inc.	0.17%	73.0	24.2	5.8	0.18%	0.16%
ZBRA	Zebra Technologies Corporation	0.17%	33.8	16.9	3.0	—	0.34%
WWD	Woodward, Inc.	0.17%	36.5	31.6	4.6	0.39%	0.32%
HST	Host Hotels & Resorts, Inc.	0.17%	16.2	22.2	2.7	3.34%	0.70%
APA	APA Corporation	0.17%	10.4	9.4	2.0	2.03%	1.09%
NTNX	Nutanix, Inc.	0.17%	12.9	29.9	6.3	—	0.87%
RGA	Reinsurance Group of America, Incorporated	0.16%	11.7	7.7	0.7	1.47%	0.94%
DT	Dynatrace, Inc.	0.16%	122.2	29.6	8.5	—	0.09%
ITT	ITT Inc.	0.16%	38.8	21.6	3.7	0.78%	0.27%
TYL	Tyler Technologies, Inc.	0.16%	47.5	23.7	6.1	—	0.22%
CLH	Clean Harbors, Inc.	0.15%	38.8	34.5	2.7	—	0.27%
CRL	Charles River Laboratories International, Inc.	0.15%	—	22.4	3.6	—	−0.16%

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 WSML valuation

Adding up its 1,612 holdings with company data, WSML trades at 40.5 times trailing earnings and 14.4 times analysts' forward estimates, with a price-to-book ratio of 2.40 and a dividend yield of 1.40%. Its earnings yield of 2.47% is 2.86 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 2.5% of the fund and earn 1.9% of its combined profit. By sector, Technology is the most expensive at 75.4 times earnings and Financial Services the cheapest at 15.9. Companies that lost money over the past year are 19.5% 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 61.5% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

WSML valuation FAQ

What is the P/E ratio of WSML?

Based on its holdings, WSML has a trailing P/E of 40.5 and a forward P/E of 14.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of WSML?

The trailing earnings yield is 2.47% (1 ÷ P/E) and the forward earnings yield 6.96%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is WSML more expensive than the S&P 500?

WSML trades at 40.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 14.4 and 19.9.

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

The holdings of WSML trade at 2.40 times book value, with a combined return on equity of 5.9%.

Which sector in WSML has the highest P/E?

Technology has the highest P/E at 75.4 and Financial Services the lowest at 15.9.