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ProShares Ultra Semi ETF 11% Overvalued on GF Value
The ProShares Ultra Semiconductors 2X Shares ETF trades 11% above its GF Value, signaling limited margin of safety despite strong fundamentals; investors should consider valuation risk.
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On September 6, 2026, GuruFocus reported that the ProShares Ultra Semiconductors 2X Shares ETF (USD) is trading 11.0% above its GF Value of $80.00, an indication of overvaluation. The ETF, which offers leveraged exposure to the semiconductor industry, had a market capitalization of $2.81 billion as of the analysis.
GuruFocus’ GF Value metric estimates the ETF’s intrinsic value at $80.00, while the market price stood at $88.80. The trailing 12-month price-to-earnings ratio of 28.85x supports the overvaluation signal, though a five-year median P/E is not available for comparison, the firm noted.
The ETF’s GF Score of 90 out of 100 places it in the top tier for overall quality. Profitability and growth each scored 9 out of 10. Financial strength scored 8.1. Valuation and momentum scored 5 and 7, respectively.