Bahl & Gaynor Dividend ETF (BGDV) Valuation
BGDV valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 24.2 trailing earnings
- Forward P/E
- 18.3 analyst estimates
- Price / sales
- 2.36
- Price / book
- 4.75
- EV / EBITDA
- 13.6
- Earnings yield
- 4.14% inverse of P/E
- Dividend yield
- 1.46% of the holdings
- Return on equity
- 19.6% combined
- Net margin
- 9.8% combined
- Beta
- 0.90 weighted, vs S&P 500
BGDV valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| BGDV | 24.2 | 18.3 | 2.36 | 4.75 | 1.46% | 19.6% | 9.8% | 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.
BGDV valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 24.7% | 28.3 | 22.3 | 1.88 | 12.01 | 0.84% | 42.4% |
| Financial Services | 19.3% | 15.4 | 11.8 | 1.91 | 2.30 | 1.61% | 15.0% |
| Healthcare | 13.8% | 33.7 | 18.9 | 2.24 | 7.66 | 1.42% | 22.7% |
| Industrials | 13.5% | 30.5 | 22.5 | 3.87 | 5.94 | 1.49% | 19.4% |
| Energy | 6.8% | 26.1 | 21.5 | 3.68 | 5.18 | 2.51% | 19.8% |
| Consumer Cyclical | 6.0% | 26.0 | 23.6 | 1.98 | 11.06 | 1.66% | 42.6% |
| Communication Services | 4.5% | 21.0 | 22.4 | 8.55 | 7.08 | 0.28% | 33.8% |
| Utilities | 4.2% | 20.2 | 16.0 | 3.83 | 2.14 | 3.19% | 10.6% |
| Consumer Defensive | 2.5% | 27.4 | 21.7 | 1.74 | 3.70 | 2.50% | 13.5% |
| Basic Materials | 2.3% | 27.7 | 19.6 | 2.29 | 3.65 | 1.25% | 13.2% |
| Real Estate | 1.1% | 105.3 | 78.1 | 13.26 | 3.57 | 1.45% | 3.4% |
BGDV 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 BGDV weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
BGDV largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| TSM | Taiwan Semiconductor Manufacturing Company Limited | 4.65% | 26.7 | 21.4 | 0.4 | 0.91% | 4.34% |
| LLY | Eli Lilly and Company | 4.23% | 42.2 | 24.4 | 14.1 | 0.55% | 2.50% |
| VCTR | Victory Capital Holdings, Inc. | 3.86% | 19.9 | 12.7 | 4.3 | 1.84% | 4.86% |
| ABBV | AbbVie Inc. | 3.32% | 80.6 | 16.4 | 7.8 | 2.42% | 1.03% |
| MSI | Motorola Solutions, Inc. | 3.28% | 36.5 | 23.9 | 6.3 | 1.05% | 2.24% |
| NVDA | NVIDIA Corporation | 3.25% | 27.1 | 24.9 | 17.1 | 0.47% | 3.00% |
| EHC | Encompass Health Corporation | 3.18% | 21.4 | 18.9 | 2.0 | 0.66% | 3.72% |
| UNH | UnitedHealth Group Incorporated | 3.12% | 25.8 | 16.6 | 0.8 | 2.31% | 3.02% |
| CTAS | Cintas Corporation | 3.00% | 42.1 | 36.2 | 7.3 | 0.97% | 1.77% |
| AVGO | Broadcom Inc. | 2.88% | 43.3 | 19.4 | 17.6 | 0.79% | 1.66% |
| RGA | Reinsurance Group of America, Incorporated | 2.71% | 11.7 | 7.7 | 0.7 | 1.47% | 5.75% |
| TRGP | Targa Resources Corp. | 2.67% | 28.2 | 23.2 | 3.8 | 1.70% | 2.36% |
| APH | Amphenol Corporation | 2.63% | 39.7 | 24.6 | 6.7 | 0.63% | 1.66% |
| WM | Waste Management, Inc. | 2.56% | 32.1 | 22.5 | 3.5 | 1.67% | 1.99% |
| MSFT | Microsoft Corporation | 2.56% | 29.5 | 25.1 | 11.8 | 0.74% | 2.17% |
| WMB | The Williams Companies, Inc. | 2.46% | 28.4 | 26.8 | 7.1 | 2.95% | 2.16% |
| HIG | The Hartford Financial Services Group, Inc. | 2.35% | 9.6 | 9.2 | 1.2 | 1.78% | 6.13% |
| JPM | JPMorgan Chase & Co. | 2.32% | 14.2 | 13.5 | 4.7 | 1.94% | 4.06% |
| META | Meta Platforms, Inc. | 2.32% | 26.7 | 22.1 | 7.9 | 0.30% | 2.16% |
| GOOGL | Alphabet Inc. | 2.20% | 17.1 | 22.8 | 9.3 | 0.26% | 3.22% |
| SNA | Snap-on Incorporated | 2.11% | 18.7 | 17.3 | 3.6 | 2.66% | 2.82% |
| HUBB | Hubbell Incorporated | 1.98% | 27.3 | 20.7 | 3.9 | 1.23% | 1.81% |
| TJX | The TJX Companies, Inc. | 1.97% | 27.3 | 24.9 | 2.6 | 1.30% | 1.81% |
| PH | Parker-Hannifin Corporation | 1.94% | 33.8 | 27.5 | 5.7 | 0.83% | 1.43% |
| WDC | Western Digital Corporation | 1.90% | 12.3 | 22.8 | 9.6 | 0.18% | 3.84% |
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 BGDV valuation
Adding up its 46 holdings with company data, BGDV trades at 24.2 times trailing earnings and 18.3 times analysts' forward estimates, with a price-to-book ratio of 4.75 and a dividend yield of 1.46%. Its earnings yield of 4.14% is 1.19 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 34.8% of the fund and earn 28.1% of its combined profit. By sector, Real Estate is the most expensive at 105.3 times earnings and Financial Services the cheapest at 15.4. 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 97.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: BGDV chart, BGDV performance, BGDV holdings, BGDV dividends.
BGDV valuation FAQ
What is the P/E ratio of BGDV?
Based on its holdings, BGDV has a trailing P/E of 24.2 and a forward P/E of 18.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of BGDV?
The trailing earnings yield is 4.14% (1 ÷ P/E) and the forward earnings yield 5.45%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is BGDV more expensive than the S&P 500?
BGDV trades at 24.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 18.3 and 19.9.
What is the price-to-book ratio of BGDV?
The holdings of BGDV trade at 4.75 times book value, with a combined return on equity of 19.6%.
Which sector in BGDV has the highest P/E?
Real Estate has the highest P/E at 105.3 and Financial Services the lowest at 15.4.