Allspring LT Large Core ETF (ALRG) Valuation
ALRG valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 27.6 trailing earnings
- Forward P/E
- 21.2 analyst estimates
- Price / sales
- 4.90
- Price / book
- 6.42
- EV / EBITDA
- 18.1
- Earnings yield
- 3.63% inverse of P/E
- Dividend yield
- 1.01% of the holdings
- Return on equity
- 23.3% combined
- Net margin
- 17.8% combined
- Beta
- 1.14 weighted, vs S&P 500
ALRG valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| ALRG | 27.6 | 21.2 | 4.90 | 6.42 | 1.01% | 23.3% | 17.8% | 0.0% |
| 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.
ALRG valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 41.8% | 35.0 | 25.6 | 9.90 | 12.42 | 0.54% | 35.5% |
| Financial Services | 13.4% | 18.3 | 14.6 | 4.90 | 2.84 | 2.28% | 15.5% |
| Industrials | 10.0% | 33.1 | 20.2 | 2.17 | 5.84 | 1.28% | 17.7% |
| Consumer Cyclical | 9.2% | 23.7 | 23.2 | 3.62 | 8.41 | 0.98% | 35.5% |
| Communication Services | 8.9% | 19.5 | 21.5 | 8.35 | 7.03 | 0.24% | 36.0% |
| Healthcare | 7.7% | 42.7 | 20.6 | 7.02 | 9.17 | 1.06% | 21.5% |
| Consumer Defensive | 2.4% | 29.1 | 23.3 | 1.64 | 4.09 | 2.23% | 14.1% |
| Basic Materials | 0.8% | 38.8 | 29.7 | 4.81 | 7.71 | 1.01% | 19.9% |
ALRG 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 ALRG weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
ALRG largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 8.97% | 39.4 | 35.2 | 10.7 | 0.31% | 6.65% |
| MSFT | Microsoft Corporation | 8.01% | 29.5 | 25.1 | 11.8 | 0.74% | 7.94% |
| GOOG | Alphabet Inc. | 5.32% | 16.9 | 21.8 | 9.2 | 0.26% | 9.18% |
| AMZN | Amazon.com, Inc. | 4.95% | 20.1 | 23.6 | 3.5 | — | 7.19% |
| NVDA | NVIDIA Corporation | 4.83% | 27.1 | 24.9 | 17.1 | 0.47% | 5.21% |
| AVGO | Broadcom Inc. | 3.46% | 43.3 | 19.4 | 17.6 | 0.79% | 2.33% |
| LLY | Eli Lilly and Company | 2.89% | 42.2 | 24.4 | 14.1 | 0.55% | 2.00% |
| SU | Suncor Energy Inc | 2.80% | — | — | — | — | — |
| META | Meta Platforms, Inc. | 2.64% | 26.7 | 22.1 | 7.9 | 0.30% | 2.88% |
| V | Visa Inc. | 2.56% | 34.3 | 24.0 | 17.0 | 0.67% | 2.18% |
| JPM | JPMorgan Chase & Co. | 2.40% | 14.2 | 13.5 | 4.7 | 1.94% | 4.91% |
| AMD | Advanced Micro Devices, Inc. | 2.29% | 134.9 | 39.5 | 20.9 | — | 0.50% |
| ABBV | AbbVie Inc. | 1.86% | 80.6 | 16.4 | 7.8 | 2.42% | 0.67% |
| TTE | TotalEnergies SE | 1.77% | 11.4 | 8.8 | 1.0 | 4.42% | 4.52% |
| CRM | Salesforce, Inc. | 1.71% | 22.0 | 14.0 | 4.5 | 0.73% | 2.27% |
| C | Citigroup Inc. | 1.61% | 12.1 | 10.2 | 2.5 | 2.16% | 3.88% |
| WM | Waste Management, Inc. | 1.61% | 32.1 | 22.5 | 3.5 | 1.67% | 1.46% |
| 0945 | Manulife Financial Corp | 1.60% | — | — | — | — | — |
| TMO | Thermo Fisher Scientific Inc. | 1.54% | 37.1 | 24.2 | 5.5 | 0.27% | 1.21% |
| BX | Blackstone Inc. | 1.53% | 23.9 | 15.9 | 8.2 | 4.91% | 1.87% |
| RTX | RTX Corporation | 1.43% | 34.1 | 24.6 | 2.8 | 1.51% | 1.22% |
| MDLZ | Mondelez International, Inc. | 1.36% | 23.5 | 18.2 | 2.1 | 3.25% | 1.70% |
| BLK | BlackRock, Inc. | 1.34% | 25.8 | 16.4 | 6.5 | 2.02% | 1.51% |
| MSI | Motorola Solutions, Inc. | 1.33% | 36.5 | 23.9 | 6.3 | 1.05% | 1.07% |
| NOW | ServiceNow, Inc. | 1.28% | 88.7 | 27.8 | 10.0 | — | 0.42% |
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 ALRG valuation
Adding up its 50 holdings with company data, ALRG trades at 27.6 times trailing earnings and 21.2 times analysts' forward estimates, with a price-to-book ratio of 6.42 and a dividend yield of 1.01%. Its earnings yield of 3.63% is 1.70 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 46.4% of the fund and earn 50.5% of its combined profit. By sector, Healthcare is the most expensive at 42.7 times earnings and Financial Services the cheapest at 18.3. Companies that lost money over the past year are 0.0% 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 95.5% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: ALRG chart, ALRG performance, ALRG holdings, ALRG dividends.
ALRG valuation FAQ
What is the P/E ratio of ALRG?
Based on its holdings, ALRG has a trailing P/E of 27.6 and a forward P/E of 21.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of ALRG?
The trailing earnings yield is 3.63% (1 ÷ P/E) and the forward earnings yield 4.72%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is ALRG more expensive than the S&P 500?
ALRG trades at 27.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 21.2 and 19.9.
What is the price-to-book ratio of ALRG?
The holdings of ALRG trade at 6.42 times book value, with a combined return on equity of 23.3%.
Which sector in ALRG has the highest P/E?
Healthcare has the highest P/E at 42.7 and Financial Services the lowest at 18.3.