BNY Mellon US Large Cap Core Equity ETF (BKLC) Valuation
BKLC valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 26.6 trailing earnings
- Forward P/E
- 20.0 analyst estimates
- Price / sales
- 3.69
- Price / book
- 5.53
- EV / EBITDA
- 17.2
- Earnings yield
- 3.76% inverse of P/E
- Dividend yield
- 1.08% of the holdings
- Return on equity
- 20.8% combined
- Net margin
- 13.9% combined
- Beta
- 1.15 weighted, vs S&P 500
BKLC valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| BKLC | 26.6 | 20.0 | 3.69 | 5.53 | 1.08% | 20.8% | 13.9% | 2.7% |
| 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.
BKLC valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 38.5% | 34.4 | 23.5 | 9.27 | 12.54 | 0.55% | 36.4% |
| Financial Services | 11.7% | 15.9 | 14.4 | 3.46 | 2.41 | 1.53% | 15.1% |
| Healthcare | 10.2% | 38.7 | 17.9 | 1.81 | 5.50 | 1.48% | 14.2% |
| Communication Services | 9.4% | 18.3 | 19.0 | 4.98 | 5.05 | 0.71% | 27.7% |
| Consumer Cyclical | 9.1% | 29.0 | 23.8 | 2.77 | 6.64 | 0.71% | 22.9% |
| Industrials | 7.2% | 29.3 | 22.5 | 2.89 | 6.63 | 1.14% | 22.7% |
| Consumer Defensive | 4.5% | 29.0 | 21.8 | 1.71 | 7.26 | 2.29% | 25.0% |
| Energy | 3.9% | 19.9 | 12.9 | 1.88 | 2.61 | 2.22% | 13.1% |
| Utilities | 2.0% | 19.4 | 15.6 | 2.81 | 2.07 | 3.03% | 10.6% |
| Basic Materials | 1.7% | 28.2 | 17.3 | 3.06 | 3.97 | 1.51% | 14.1% |
| Real Estate | 1.6% | 33.4 | 31.5 | 6.47 | 3.37 | 3.28% | 10.1% |
BKLC 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 BKLC weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
BKLC largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 7.70% | 39.4 | 35.2 | 10.7 | 0.31% | 5.22% |
| NVDA | NVIDIA Corporation | 7.63% | 27.1 | 24.9 | 17.1 | 0.47% | 7.53% |
| MSFT | Microsoft Corporation | 5.62% | 29.5 | 25.1 | 11.8 | 0.74% | 5.09% |
| AMZN | Amazon.com, Inc. | 3.57% | 20.1 | 23.6 | 3.5 | — | 4.74% |
| GOOGL | Alphabet Inc. | 2.88% | 17.1 | 22.8 | 9.3 | 0.26% | 4.51% |
| GOOG | Alphabet Inc. | 2.52% | 16.9 | 21.8 | 9.2 | 0.26% | 3.98% |
| AVGO | Broadcom Inc. | 2.29% | 43.3 | 19.4 | 17.6 | 0.79% | 1.41% |
| META | Meta Platforms, Inc. | 2.14% | 26.7 | 22.1 | 7.9 | 0.30% | 2.14% |
| TSLA | Tesla, Inc. | 1.75% | 328.4 | 158.7 | 13.5 | — | 0.14% |
| LLY | Eli Lilly and Company | 1.67% | 42.2 | 24.4 | 14.1 | 0.55% | 1.05% |
| MU | Micron Technology, Inc. | 1.47% | 11.8 | 7.0 | 7.5 | 0.07% | 3.32% |
| JPM | JPMorgan Chase & Co. | 1.40% | 14.2 | 13.5 | 4.7 | 1.94% | 2.63% |
| AMD | Advanced Micro Devices, Inc. | 1.33% | 134.9 | 39.5 | 20.9 | — | 0.26% |
| BRK.B | Berkshire Hathaway Inc. | 1.17% | 13.4 | 22.7 | 3.0 | — | 2.33% |
| XOM | Exxon Mobil Corporation | 1.16% | 23.0 | 14.8 | 2.0 | 2.30% | 1.34% |
| V | Visa Inc. | 1.08% | 34.3 | 24.0 | 17.0 | 0.67% | 0.84% |
| JNJ | Johnson & Johnson | 1.00% | 38.8 | 21.0 | 6.2 | 2.10% | 0.69% |
| ABBV | AbbVie Inc. | 0.78% | 80.6 | 16.4 | 7.8 | 2.42% | 0.26% |
| WMT | Walmart Inc. | 0.77% | 43.0 | 38.0 | 1.3 | 0.83% | 0.48% |
| MA | Mastercard Incorporated | 0.72% | 34.0 | 24.2 | 15.4 | 0.56% | 0.57% |
| CVX | Chevron Corporation | 0.67% | 21.2 | 15.2 | 2.1 | 3.16% | 0.85% |
| COST | Costco Wholesale Corporation | 0.66% | 47.6 | 40.3 | 1.4 | 0.59% | 0.37% |
| PLTR | Palantir Technologies Inc. | 0.65% | 160.4 | 85.5 | 72.6 | — | 0.11% |
| CSCO | Cisco Systems, Inc. | 0.62% | 32.2 | 19.8 | 6.7 | 1.56% | 0.51% |
| UNH | UnitedHealth Group Incorporated | 0.58% | 25.8 | 16.6 | 0.8 | 2.31% | 0.60% |
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 BKLC valuation
Adding up its 492 holdings with company data, BKLC trades at 26.6 times trailing earnings and 20.0 times analysts' forward estimates, with a price-to-book ratio of 5.53 and a dividend yield of 1.08%. Its earnings yield of 3.76% is 1.57 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 37.8% of the fund and earn 35.8% of its combined profit. By sector, Healthcare is the most expensive at 38.7 times earnings and Financial Services the cheapest at 15.9. Companies that lost money over the past year are 2.7% 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 99.3% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: BKLC chart, BKLC performance, BKLC holdings, BKLC dividends.
BKLC valuation FAQ
What is the P/E ratio of BKLC?
Based on its holdings, BKLC has a trailing P/E of 26.6 and a forward P/E of 20.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of BKLC?
The trailing earnings yield is 3.76% (1 ÷ P/E) and the forward earnings yield 5.01%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is BKLC more expensive than the S&P 500?
BKLC trades at 26.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 20.0 and 19.9.
What is the price-to-book ratio of BKLC?
The holdings of BKLC trade at 5.53 times book value, with a combined return on equity of 20.8%.
Which sector in BKLC has the highest P/E?
Healthcare has the highest P/E at 38.7 and Financial Services the lowest at 15.9.