American Century ETF (AVLC) Valuation

NYSE Arca: AVLCP/E, earnings yield and other ratios of the holdings combined.

AVLC valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 24.0
Forward P/E: 17.1
Price / sales: 2.64
Price / book: 4.39
EV / EBITDA: 15.1
Earnings yield: 4.18%
Dividend yield: 1.16%
Return on equity: 18.3%
Net margin: 11.0%
Beta: 1.11

AVLC valuation vs other stock ETFs

P/E (TTM)Forward P/E

AVLC valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
AVLC	24.0	17.1	2.64	4.39	1.16%	18.3%	11.0%	3.5%
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.

AVLC valuation by sector

P/E (TTM)Forward P/E

AVLC valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	33.3%	33.0	21.7	7.63	11.66	0.53%	35.4%
Financial Services	15.3%	13.9	12.4	2.21	2.09	1.75%	15.0%
Consumer Cyclical	9.9%	24.7	18.8	1.85	4.69	0.81%	19.0%
Industrials	9.2%	26.6	19.8	2.19	5.69	1.24%	21.4%
Healthcare	9.0%	49.2	17.4	1.77	5.07	1.21%	10.3%
Communication Services	7.2%	18.4	17.1	3.84	4.26	1.03%	23.1%
Energy	7.0%	17.9	11.8	1.74	2.51	2.06%	14.0%
Consumer Defensive	4.7%	29.5	19.7	1.15	5.30	2.10%	17.9%
Basic Materials	2.5%	26.6	15.0	2.39	3.31	1.40%	12.5%
Utilities	2.0%	18.6	14.3	2.48	1.96	3.06%	10.6%
Real Estate	0.1%	24.7	13.4	0.78	2.88	0.00%	11.6%

AVLC earnings yield vs bond yields

AVLC earnings yield (forward)

5.83%

AVLC earnings yield (trailing)

4.18%

AVLC dividend yield

1.16%

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 AVLC weight splits by P/E

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

AVLC largest holdings: valuation

AVLC largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
AAPL	Apple Inc.	6.18%	39.4	35.2	10.7	0.31%	3.76%
NVDA	NVIDIA Corporation	5.43%	27.1	24.9	17.1	0.47%	4.81%
MSFT	Microsoft Corporation	5.23%	29.5	25.1	11.8	0.74%	4.26%
AMZN	Amazon.com, Inc.	3.80%	20.1	23.6	3.5	—	4.53%
META	Meta Platforms, Inc.	2.17%	26.7	22.1	7.9	0.30%	1.95%
MU	Micron Technology, Inc.	1.95%	11.8	7.0	7.5	0.07%	3.95%
GOOGL	Alphabet Inc.	1.59%	17.1	22.8	9.3	0.26%	2.24%
AVGO	Broadcom Inc.	1.57%	43.3	19.4	17.6	0.79%	0.87%
LLY	Eli Lilly and Company	1.50%	42.2	24.4	14.1	0.55%	0.85%
JPM	JPMorgan Chase & Co.	1.44%	14.2	13.5	4.7	1.94%	2.43%
GOOG	Alphabet Inc.	1.26%	16.9	21.8	9.2	0.26%	1.79%
XOM	Exxon Mobil Corporation	1.18%	23.0	14.8	2.0	2.30%	1.23%
V	Visa Inc.	0.86%	34.3	24.0	17.0	0.67%	0.60%
AMD	Advanced Micro Devices, Inc.	0.83%	134.9	39.5	20.9	—	0.15%
COST	Costco Wholesale Corporation	0.76%	47.6	40.3	1.4	0.59%	0.38%
BRK.B	Berkshire Hathaway Inc.	0.71%	13.4	22.7	3.0	—	1.28%
CVX	Chevron Corporation	0.68%	21.2	15.2	2.1	3.16%	0.77%
TSLA	Tesla, Inc.	0.66%	328.4	158.7	13.5	—	0.05%
MRK	Merck & Co., Inc.	0.65%	115.8	15.3	5.4	2.33%	0.13%
JNJ	Johnson & Johnson	0.63%	38.8	21.0	6.2	2.10%	0.39%
MA	Mastercard Incorporated	0.60%	34.0	24.2	15.4	0.56%	0.42%
LRCX	Lam Research Corporation	0.56%	45.8	33.7	14.2	0.50%	0.29%
CAT	Caterpillar Inc.	0.55%	31.5	25.4	4.5	0.89%	0.42%
WMT	Walmart Inc.	0.55%	43.0	38.0	1.3	0.83%	0.30%
WFC	Wells Fargo & Company	0.53%	11.8	10.2	3.0	2.38%	1.07%

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 AVLC valuation

Adding up its 814 holdings with company data, AVLC trades at 24.0 times trailing earnings and 17.1 times analysts' forward estimates, with a price-to-book ratio of 4.39 and a dividend yield of 1.16%. Its earnings yield of 4.18% is 1.15 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 30.9% of the fund and earn 29.6% of its combined profit. By sector, Healthcare is the most expensive at 49.2 times earnings and Financial Services the cheapest at 13.9. Companies that lost money over the past year are 3.5% 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 99.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

AVLC valuation FAQ

What is the P/E ratio of AVLC?

Based on its holdings, AVLC has a trailing P/E of 24.0 and a forward P/E of 17.1 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of AVLC?

The trailing earnings yield is 4.18% (1 ÷ P/E) and the forward earnings yield 5.83%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is AVLC more expensive than the S&P 500?

AVLC trades at 24.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 17.1 and 19.9.

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

The holdings of AVLC trade at 4.39 times book value, with a combined return on equity of 18.3%.

Which sector in AVLC has the highest P/E?

Healthcare has the highest P/E at 49.2 and Financial Services the lowest at 13.9.