iMGP Berkshire Dividend Growth ETF (BDVG) Valuation
BDVG valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 20.6 trailing earnings
- Forward P/E
- 16.3 analyst estimates
- Price / sales
- 2.83
- Price / book
- 3.46
- EV / EBITDA
- 13.9
- Earnings yield
- 4.84% inverse of P/E
- Dividend yield
- 2.04% of the holdings
- Return on equity
- 16.8% combined
- Net margin
- 13.7% combined
- Beta
- 0.87 weighted, vs S&P 500
BDVG valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| BDVG | 20.6 | 16.3 | 2.83 | 3.46 | 2.04% | 16.8% | 13.7% | 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.
BDVG valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 27.2% | 26.0 | 20.7 | 3.46 | 6.37 | 1.18% | 24.5% |
| Financial Services | 16.1% | 12.9 | 11.7 | 3.55 | 1.77 | 2.24% | 13.7% |
| Industrials | 15.1% | 22.8 | 20.4 | 2.93 | 5.59 | 1.74% | 24.5% |
| Healthcare | 9.6% | 33.7 | 15.2 | 4.91 | 8.98 | 2.67% | 26.6% |
| Energy | 8.9% | 17.8 | 14.0 | 2.65 | 2.20 | 3.06% | 12.3% |
| Consumer Defensive | 8.6% | 25.3 | 21.2 | 1.95 | 5.77 | 2.66% | 22.8% |
| Consumer Cyclical | 4.4% | 16.9 | 16.1 | 1.14 | 2.83 | 2.78% | 16.8% |
| Basic Materials | 4.3% | 20.4 | 11.4 | 1.61 | 2.53 | 0.87% | 12.4% |
| Utilities | 2.4% | 20.8 | 15.4 | 2.82 | 1.61 | 3.24% | 7.8% |
| Real Estate | 1.0% | 22.3 | 24.2 | 8.15 | 1.75 | 5.83% | 7.8% |
BDVG 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 BDVG weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
BDVG largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| DELL | Dell Technologies Inc. | 7.02% | 26.3 | 21.3 | 1.9 | 0.56% | 5.75% |
| AAPL | Apple Inc. | 4.48% | 39.4 | 35.2 | 10.7 | 0.31% | 2.45% |
| CVX | Chevron Corporation | 4.43% | 21.2 | 15.2 | 2.1 | 3.16% | 4.48% |
| NUE | Nucor Corporation | 4.29% | 20.4 | 11.4 | 1.6 | 0.87% | 4.51% |
| CSCO | Cisco Systems, Inc. | 4.25% | 32.2 | 19.8 | 6.7 | 1.56% | 2.83% |
| ABBV | AbbVie Inc. | 4.22% | 80.6 | 16.4 | 7.8 | 2.42% | 1.13% |
| JPM | JPMorgan Chase & Co. | 4.17% | 14.2 | 13.5 | 4.7 | 1.94% | 6.30% |
| MSFT | Microsoft Corporation | 3.94% | 29.5 | 25.1 | 11.8 | 0.74% | 2.88% |
| BAC | Bank of America Corporation | 3.26% | 12.2 | 10.8 | 3.1 | 2.50% | 5.72% |
| NSC | Norfolk Southern Corporation | 2.94% | 27.9 | 22.3 | 5.9 | 1.65% | 2.27% |
| ACN | Accenture plc | 2.89% | 16.9 | 12.4 | 1.9 | 2.98% | 3.66% |
| QCOM | QUALCOMM Incorporated | 2.61% | 19.9 | 19.6 | 4.2 | 2.14% | 2.82% |
| LMT | Lockheed Martin Corporation | 2.61% | 20.3 | 16.2 | 1.7 | 2.61% | 2.75% |
| EMR | Emerson Electric Co. | 2.57% | 35.3 | 21.5 | 4.9 | 1.37% | 1.56% |
| EOG | EOG Resources, Inc. | 2.46% | 12.3 | 10.1 | 3.1 | 2.58% | 4.30% |
| MTB | M&T Bank Corporation | 2.43% | 11.4 | 10.6 | 3.3 | 2.79% | 4.59% |
| PPL | PPL Corporation | 2.41% | 20.8 | 15.4 | 2.8 | 3.24% | 2.49% |
| JNJ | Johnson & Johnson | 2.31% | 38.8 | 21.0 | 6.2 | 2.10% | 1.28% |
| WM | Waste Management, Inc. | 2.26% | 32.1 | 22.5 | 3.5 | 1.67% | 1.51% |
| DE | Deere & Company | 2.21% | 35.7 | 29.3 | 3.6 | 1.01% | 1.33% |
| PNC | The PNC Financial Services Group, Inc. | 2.11% | 11.6 | 10.7 | 3.5 | 3.68% | 3.92% |
| SCHW | The Charles Schwab Corporation | 2.10% | 15.7 | 12.9 | 5.9 | 1.39% | 2.87% |
| TEL | TE Connectivity Ltd. | 2.05% | 20.8 | 16.6 | 3.2 | 1.47% | 2.12% |
| WMT | Walmart Inc. | 2.05% | 43.0 | 38.0 | 1.3 | 0.83% | 1.03% |
| CB | Chubb Limited | 2.03% | 12.7 | 11.6 | 2.2 | 1.13% | 3.43% |
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 BDVG valuation
Adding up its 38 holdings with company data, BDVG trades at 20.6 times trailing earnings and 16.3 times analysts' forward estimates, with a price-to-book ratio of 3.46 and a dividend yield of 2.04%. Its earnings yield of 4.84% is 0.48 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 43.0% of the fund and earn 38.3% of its combined profit. By sector, Healthcare is the most expensive at 33.7 times earnings and Financial Services the cheapest at 12.9. 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 97.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: BDVG chart, BDVG performance, BDVG holdings, BDVG dividends.
BDVG valuation FAQ
What is the P/E ratio of BDVG?
Based on its holdings, BDVG has a trailing P/E of 20.6 and a forward P/E of 16.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of BDVG?
The trailing earnings yield is 4.84% (1 ÷ P/E) and the forward earnings yield 6.12%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is BDVG more expensive than the S&P 500?
BDVG trades at 20.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 16.3 and 19.9.
What is the price-to-book ratio of BDVG?
The holdings of BDVG trade at 3.46 times book value, with a combined return on equity of 16.8%.
Which sector in BDVG has the highest P/E?
Healthcare has the highest P/E at 33.7 and Financial Services the lowest at 12.9.