Avantis Total Equity Markets ETF (AVTM) Valuation
AVTM valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 23.9 trailing earnings
- Forward P/E
- 18.1 analyst estimates
- Price / sales
- 2.81
- Price / book
- 4.52
- EV / EBITDA
- 15.6
- Earnings yield
- 4.19% inverse of P/E
- Dividend yield
- 1.07% of the holdings
- Return on equity
- 19.0% combined
- Net margin
- 11.8% combined
- Beta
- 1.14 weighted, vs S&P 500
AVTM valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| AVTM | 23.9 | 18.1 | 2.81 | 4.52 | 1.07% | 19.0% | 11.8% | 2.4% |
| 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.
AVTM valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 29.1% | 31.8 | 22.7 | 6.77 | 11.54 | 0.53% | 36.3% |
| Financial Services | 12.3% | 14.4 | 13.0 | 2.63 | 2.02 | 1.70% | 14.0% |
| Industrials | 8.1% | 25.4 | 19.9 | 2.05 | 4.91 | 1.17% | 19.3% |
| Consumer Cyclical | 8.0% | 23.3 | 18.8 | 1.66 | 4.68 | 0.97% | 20.1% |
| Communication Services | 7.3% | 19.9 | 19.8 | 5.73 | 5.38 | 0.56% | 27.0% |
| Healthcare | 6.9% | 41.6 | 17.3 | 1.82 | 5.20 | 1.21% | 12.5% |
| Energy | 4.2% | 17.5 | 12.0 | 1.66 | 2.35 | 2.12% | 13.4% |
| Consumer Defensive | 3.4% | 26.7 | 20.0 | 1.31 | 5.93 | 2.09% | 22.2% |
| Basic Materials | 1.7% | 36.3 | 13.2 | 1.98 | 3.32 | 1.22% | 9.1% |
| Utilities | 1.4% | 18.0 | 14.9 | 2.56 | 1.97 | 3.06% | 10.9% |
| Real Estate | 0.0% | 20.1 | 8.6 | 0.67 | 1.61 | 1.20% | 8.0% |
| Financials | 0.0% | 16.2 | — | 4.22 | 1.27 | 1.94% | 7.8% |
AVTM 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 AVTM weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
AVTM largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AVDE | Avantis® International Equity ETF | 10.33% | — | — | — | — | — |
| NVDA | NVIDIA Corporation | 5.82% | 27.1 | 24.9 | 17.1 | 0.47% | 6.25% |
| AAPL | Apple Inc. | 5.07% | 39.4 | 35.2 | 10.7 | 0.31% | 3.75% |
| AVEM | Avantis® Emerging Markets Equity ETF | 4.74% | — | — | — | — | — |
| MSFT | Microsoft Corporation | 3.74% | 29.5 | 25.1 | 11.8 | 0.74% | 3.70% |
| AVUQ | Avantis U.S. Quality ETF | 3.09% | — | — | — | — | — |
| AMZN | Amazon.com, Inc. | 2.46% | 20.1 | 23.6 | 3.5 | — | 3.56% |
| GOOG | Alphabet Inc. | 2.41% | 16.9 | 21.8 | 9.2 | 0.26% | 4.15% |
| META | Meta Platforms, Inc. | 2.35% | 26.7 | 22.1 | 7.9 | 0.30% | 2.55% |
| LLY | Eli Lilly and Company | 1.54% | 42.2 | 24.4 | 14.1 | 0.55% | 1.06% |
| JPM | JPMorgan Chase & Co. | 1.39% | 14.2 | 13.5 | 4.7 | 1.94% | 2.83% |
| MU | Micron Technology, Inc. | 1.38% | 11.8 | 7.0 | 7.5 | 0.07% | 3.39% |
| GS | The Goldman Sachs Group, Inc. | 1.34% | 12.7 | 12.8 | 3.6 | 2.27% | 3.08% |
| GOOGL | Alphabet Inc. | 1.22% | 17.1 | 22.8 | 9.3 | 0.26% | 2.08% |
| V | Visa Inc. | 1.08% | 34.3 | 24.0 | 17.0 | 0.67% | 0.91% |
| BRK.B | Berkshire Hathaway Inc. | 1.06% | 13.4 | 22.7 | 3.0 | — | 2.30% |
| AVGO | Broadcom Inc. | 0.98% | 43.3 | 19.4 | 17.6 | 0.79% | 0.66% |
| AMAT | Applied Materials, Inc. | 0.82% | 35.3 | 23.4 | 10.5 | 0.52% | 0.67% |
| MRVL | Marvell Technology, Inc. | 0.77% | 72.3 | 62.1 | 21.7 | 0.11% | 0.31% |
| XOM | Exxon Mobil Corporation | 0.77% | 23.0 | 14.8 | 2.0 | 2.30% | 0.97% |
| ANET | Arista Networks, Inc. | 0.69% | 55.8 | 39.2 | 21.2 | — | 0.36% |
| CSCO | Cisco Systems, Inc. | 0.64% | 32.2 | 19.8 | 6.7 | 1.56% | 0.58% |
| COST | Costco Wholesale Corporation | 0.59% | 47.6 | 40.3 | 1.4 | 0.59% | 0.36% |
| JNJ | Johnson & Johnson | 0.59% | 38.8 | 21.0 | 6.2 | 2.10% | 0.44% |
| BAC | Bank of America Corporation | 0.54% | 12.2 | 10.8 | 3.1 | 2.50% | 1.29% |
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 AVTM valuation
Adding up its 1,529 holdings with company data, AVTM trades at 23.9 times trailing earnings and 18.1 times analysts' forward estimates, with a price-to-book ratio of 4.52 and a dividend yield of 1.07%. Its earnings yield of 4.19% is 1.13 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 41.6% of the fund and earn 34.3% of its combined profit. By sector, Healthcare is the most expensive at 41.6 times earnings and Financial Services the cheapest at 14.4. Companies that lost money over the past year are 2.4% 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 81.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: AVTM chart, AVTM holdings, AVTM dividends.
AVTM valuation FAQ
What is the P/E ratio of AVTM?
Based on its holdings, AVTM has a trailing P/E of 23.9 and a forward P/E of 18.1 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of AVTM?
The trailing earnings yield is 4.19% (1 ÷ P/E) and the forward earnings yield 5.53%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is AVTM more expensive than the S&P 500?
AVTM trades at 23.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 18.1 and 19.9.
What is the price-to-book ratio of AVTM?
The holdings of AVTM trade at 4.52 times book value, with a combined return on equity of 19.0%.
Which sector in AVTM has the highest P/E?
Healthcare has the highest P/E at 41.6 and Financial Services the lowest at 14.4.