SPY

State Street SPDR S&P 500 ETF

Fundamental data last updated:July 6, 2026

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company profile

SECTOR

Financial Services

industry

Asset Management

Exchange

AMEX

County of HQ

US

Next Earnings Date

Not Scheduled

Business Summary

SPY is the best-recognized and oldest US listed ETF and typically tops rankings for largest AUM and greatest trading volume. The fund tracks the massively popular US index, the S&P 500. Few realize that S&P's index committee chooses 500 securities to represent the US large-cap space - not necessarily the 500 largest by market cap, which can lead to some omissions of single names. Still, the index offers outstanding exposure to the US large-cap space. It's important to note, SPY is a unit investment trust, an older but entirely viable structure. As a UIT, SPY must fully replicate its index (it probably would anyway) and forgo the small risk and reward of securities lending. It also can`t reinvest portfolio dividends between distributions, the resulting cash drag will slightly hurt performance in up markets and help in downtrends. SPY is a favored vanilla trading vehicle.

 


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VALUATION

P/E

N/A

Market Cap ($M USD)

$776.61B

Forward P/E

N/A

PEG

N/A

PRICE TO SALES

N/A

PRICE TO BOOK

N/A

EV / EBITDA

N/A

5-Year Average P/E

Free Cash Flow Yield

N/A

DCF Value

N/A

Graham Number

N/A

Price to FCF

N/A

EV to FCF

N/A

Earnings Yield

N/A

FCF Yield

N/A

DIVIDEND

Yield

N/A

Annual Payout

N/A

Payout Ratio

N/A

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

N/A

Next Year EPS Growth Estimate

N/A

Next Year Revenue Growth Estimate

N/A

Return on Equity (ROE)

N/A

FREE CASH FLOW

Operating Margin

N/A

Debt-to-Equity

N/A

Piotroski F-Score

N/A

Altman Z-Score

N/A

Return on Invested Capital (ROIC)

N/A

Current Ratio

N/A

Quick Ratio

N/A

Net Debt to EBITDA

N/A

Interest Coverage

N/A

Gross Profit margin

N/A

FCF PER SHARE

N/A

REVENUE PER SHARE

N/A

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Gainseekers Quantitative Analysis

Summary

The SPDR S&P 500 ETF, with its staggering market cap, stands as a colossal player in the asset management industry. However, the absence of key valuation metrics like DCF Value and Graham Number leaves investors in the dark about its intrinsic value. The lack of a Forward P/E and Earnings Yield further complicates any assessment of its growth potential or safety. With no Altman Z-score available, gauging financial distress is impossible, leaving a gaping hole in risk analysis. This ETF’s valuation remains a mystery, challenging any definitive verdict on its financial health.

AI Exposure / Tech Reliance

As an ETF tracking the S&P 500, SPY is inherently exposed to the tech sector's dynamism and AI advancements. Its broad diversification across industries ensures resilience against tech shifts, capturing growth from AI-driven companies. This positioning allows it to adapt fluidly to technological changes without being overly reliant on any single innovation.

The Bull Case

For the bullish investor, SPY offers a unique opportunity to gain exposure to the entire S&P 500, which includes companies with strong ROIC and efficient capital allocation. Although specific metrics like FCF Yield and Piotroski F-Score are unavailable, the ETF's inherent diversification mitigates individual company risks. This broad exposure translates into a robust pricing power narrative, as it benefits from the collective strength of America's largest corporations.

The Bear Case

The bear case for SPY hinges on its technical overextension, with the price hovering just 1.83% below its 52-week high. This suggests a potential overvaluation, especially in the absence of concrete valuation metrics like Price/Book or Price/Sales. The ETF's proximity to its 52-week peak raises concerns about limited upside potential and increased vulnerability to market corrections. Without clear cash flow data, the risk of overpaying for future growth remains a significant concern.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

N/A

Average Analyst Price Target

N/A

Institutional Ownership %

1-Year Beta

1.00

Insider Buying % (6 Mo)

Distance to 52-Week High

2.10%

Distance to 52-Week Low

17.04%

EARNINGS SURPRISE %

N/A

50-DAY SMA

$737.43

200-DAY SMA

$692.29

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.