iShares MSCI Global Min Vol Factor ETF (ACWV) Valuation
ACWV valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 23.0 trailing earnings
- Forward P/E
- 17.5 analyst estimates
- Price / sales
- 1.77
- Price / book
- 3.94
- EV / EBITDA
- 14.5
- Earnings yield
- 4.35% inverse of P/E
- Dividend yield
- 1.57% of the holdings
- Return on equity
- 17.1% combined
- Net margin
- 7.7% combined
- Beta
- 0.63 weighted, vs S&P 500
ACWV valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| ACWV | 23.0 | 17.5 | 1.77 | 3.94 | 1.57% | 17.1% | 7.7% | 1.6% |
| 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.
ACWV valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 24.4% | 28.3 | 20.7 | 6.25 | 6.84 | 0.69% | 24.2% |
| Financial Services | 13.9% | 14.9 | 14.6 | 2.64 | 2.31 | 0.81% | 15.5% |
| Healthcare | 13.8% | 33.4 | 16.8 | 0.66 | 5.40 | 1.26% | 16.2% |
| Consumer Defensive | 9.9% | 29.4 | 18.8 | 1.21 | 5.16 | 2.43% | 17.5% |
| Utilities | 7.1% | 19.9 | 16.4 | 3.05 | 1.89 | 3.24% | 9.5% |
| Consumer Cyclical | 4.9% | 23.4 | 20.6 | 3.57 | 27.18 | 1.40% | 116.3% |
| Energy | 4.6% | 18.9 | 13.0 | 1.86 | 2.54 | 2.27% | 13.4% |
| Basic Materials | 0.9% | 9.2 | 14.8 | 2.64 | 3.22 | 2.36% | 34.9% |
| Real Estate | 0.7% | 109.8 | 82.0 | 11.91 | 3.49 | 1.57% | 3.2% |
ACWV 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 ACWV weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
ACWV largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| JNJ | Johnson & Johnson | 1.47% | 38.8 | 21.0 | 6.2 | 2.10% | 1.45% |
| CSCO | Cisco Systems, Inc. | 1.26% | 32.2 | 19.8 | 6.7 | 1.56% | 1.50% |
| MSFT | Microsoft Corporation | 1.26% | 29.5 | 25.1 | 11.8 | 0.74% | 1.64% |
| MSI | Motorola Solutions, Inc. | 1.25% | 36.5 | 23.9 | 6.3 | 1.05% | 1.31% |
| 2330 | Taiwan Semiconductor Manufacturing Co. Ltd. | 1.17% | — | — | — | — | — |
| BRK.B | Berkshire Hathaway Inc. | 1.14% | 13.4 | 22.7 | 3.0 | — | 3.25% |
| DUK | Duke Energy Corporation | 1.12% | 18.3 | 15.9 | 2.9 | 3.57% | 2.33% |
| COR | Cencora | 1.08% | 25.3 | 15.7 | 0.2 | 0.70% | 1.64% |
| 9433 | KDDI Corp. | 1.05% | — | — | — | — | — |
| WM | Waste Management, Inc. | 1.05% | 32.1 | 22.5 | 3.5 | 1.67% | 1.25% |
| XOM | Exxon Mobil Corporation | 1.05% | 23.0 | 14.8 | 2.0 | 2.30% | 1.74% |
| SO | The Southern Company | 1.03% | 22.0 | 17.0 | 3.5 | 3.33% | 1.80% |
| CB | Chubb Limited | 1.02% | 12.7 | 11.6 | 2.2 | 1.13% | 3.07% |
| 4502 | Takeda Pharmaceutical Co. Ltd. | 0.99% | — | — | — | — | — |
| NVDA | NVIDIA Corporation | 0.97% | 27.1 | 24.9 | 17.1 | 0.47% | 1.37% |
| MCK | McKesson Corporation | 0.94% | 26.9 | 19.7 | 0.3 | 0.37% | 1.34% |
| RSG | Republic Services, Inc. | 0.89% | 32.8 | 26.3 | 4.2 | 1.16% | 1.04% |
| NOVN | Novartis AG | 0.88% | — | — | — | — | — |
| 9434 | SoftBank Corp | 0.87% | — | — | — | — | — |
| PG | The Procter & Gamble Company | 0.87% | 24.1 | 21.2 | 4.3 | 2.73% | 1.38% |
| ED | Consolidated Edison, Inc. | 0.84% | 18.2 | 16.1 | 2.3 | 3.16% | 1.77% |
| KO | The Coca-Cola Company | 0.84% | 28.2 | 25.3 | 8.1 | 2.26% | 1.13% |
| PEP | PepsiCo, Inc. | 0.79% | 16.5 | 14.9 | 1.8 | 4.50% | 1.83% |
| ROP | Roper Technologies, Inc. | 0.78% | 15.9 | 15.0 | 4.6 | 0.95% | 1.87% |
| MCD | McDonald's Corporation | 0.78% | 19.7 | 17.1 | 6.2 | 3.18% | 1.51% |
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 ACWV valuation
Adding up its 160 holdings with company data, ACWV trades at 23.0 times trailing earnings and 17.5 times analysts' forward estimates, with a price-to-book ratio of 3.94 and a dividend yield of 1.57%. Its earnings yield of 4.35% is 0.98 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 11.9% of the fund and earn 17.9% of its combined profit. By sector, Real Estate is the most expensive at 109.8 times earnings and Basic Materials the cheapest at 9.2. Companies that lost money over the past year are 1.6% 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 60.7% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: ACWV chart, ACWV performance, ACWV holdings, ACWV dividends.
ACWV valuation FAQ
What is the P/E ratio of ACWV?
Based on its holdings, ACWV has a trailing P/E of 23.0 and a forward P/E of 17.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of ACWV?
The trailing earnings yield is 4.35% (1 ÷ P/E) and the forward earnings yield 5.72%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is ACWV more expensive than the S&P 500?
ACWV trades at 23.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 17.5 and 19.9.
What is the price-to-book ratio of ACWV?
The holdings of ACWV trade at 3.94 times book value, with a combined return on equity of 17.1%.
Which sector in ACWV has the highest P/E?
Real Estate has the highest P/E at 109.8 and Basic Materials the lowest at 9.2.