VictoryShares US 500 Enhanced Volatility Wtd ETF (CFO) Valuation

NASDAQ: CFOP/E, earnings yield and other ratios of the holdings combined.

CFO valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 20.5
Forward P/E: 15.4
Price / sales: 1.92
Price / book: 3.06
EV / EBITDA: 13.5
Earnings yield: 4.89%
Dividend yield: 1.66%
Return on equity: 15.0%
Net margin: 9.4%
Beta: 0.87

CFO valuation vs other stock ETFs

P/E (TTM)Forward P/E

CFO valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
CFO	20.5	15.4	1.92	3.06	1.66%	15.0%	9.4%	0.1%
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.

CFO valuation by sector

P/E (TTM)Forward P/E

CFO valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Financial Services	19.3%	13.8	11.9	2.23	1.89	1.89%	13.6%
Industrials	16.8%	26.6	19.7	2.37	5.24	1.17%	19.7%
Technology	13.0%	26.3	18.2	3.15	4.90	0.79%	18.6%
Healthcare	11.6%	26.0	16.4	1.38	3.80	1.06%	14.6%
Consumer Cyclical	10.0%	22.0	16.9	1.63	5.23	1.63%	23.8%
Utilities	8.8%	19.3	15.5	2.63	1.93	3.16%	10.0%
Consumer Defensive	6.8%	24.4	16.6	0.94	4.01	2.50%	16.4%
Energy	5.6%	18.2	12.6	2.05	2.30	2.23%	12.7%
Basic Materials	3.9%	20.4	16.4	2.40	3.00	1.51%	14.7%
Communication Services	3.0%	16.6	12.3	1.71	2.41	2.01%	14.5%
Real Estate	0.3%	20.4	12.4	0.66	2.99	0.00%	14.7%

CFO earnings yield vs bond yields

CFO earnings yield (forward)

6.47%

CFO earnings yield (trailing)

4.89%

CFO dividend yield

1.66%

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 CFO weight splits by P/E

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

CFO largest holdings: valuation

CFO largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
BRK.B	Berkshire Hathaway Inc.	0.45%	13.4	22.7	3.0	—	0.69%
ATO	Atmos Energy Corporation	0.42%	19.9	17.6	5.7	2.39%	0.43%
WEC	WEC Energy Group, Inc.	0.42%	21.1	16.9	3.5	3.50%	0.41%
LNT	Alliant Energy Corporation	0.39%	21.6	17.5	4.0	3.13%	0.37%
EVRG	Evergy, Inc.	0.39%	21.2	19.5	3.2	3.34%	0.38%
L	Loews Corporation	0.39%	13.5	12.2	1.2	0.23%	0.59%
SO	The Southern Company	0.39%	22.0	17.0	3.5	3.33%	0.36%
DUK	Duke Energy Corporation	0.38%	18.3	15.9	2.9	3.57%	0.43%
ED	Consolidated Edison, Inc.	0.38%	18.2	16.1	2.3	3.16%	0.43%
AFL	Aflac Incorporated	0.38%	12.9	15.2	3.3	2.03%	0.61%
FE	FirstEnergy Corp.	0.38%	24.6	14.7	1.7	4.03%	0.32%
CNP	CenterPoint Energy, Inc.	0.36%	24.0	17.7	2.8	2.37%	0.31%
NI	NiSource Inc.	0.36%	22.7	17.4	3.0	2.81%	0.33%
AEE	Ameren Corporation	0.35%	18.7	17.5	3.5	2.83%	0.39%
CMS	CMS Energy Corporation	0.35%	20.6	15.2	2.4	3.32%	0.35%
AEP	American Electric Power Company, Inc.	0.35%	22.0	17.2	3.0	2.99%	0.33%
LIN	Linde plc	0.35%	32.2	23.6	6.5	1.28%	0.22%
PPL	PPL Corporation	0.35%	20.8	15.4	2.8	3.24%	0.35%
DTE	DTE Energy Company	0.35%	20.6	15.6	1.6	3.59%	0.35%
KO	The Coca-Cola Company	0.34%	28.2	25.3	8.1	2.26%	0.25%
PEG	Public Service Enterprise Group Incorporated	0.34%	17.8	15.0	2.8	3.75%	0.40%
RSG	Republic Services, Inc.	0.34%	32.8	26.3	4.2	1.16%	0.22%
PG	The Procter & Gamble Company	0.34%	24.1	21.2	4.3	2.73%	0.29%
CB	Chubb Limited	0.34%	12.7	11.6	2.2	1.13%	0.55%
MKL	Markel Corporation	0.34%	10.2	15.2	1.4	—	0.68%

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 CFO valuation

Adding up its 493 holdings with company data, CFO trades at 20.5 times trailing earnings and 15.4 times analysts' forward estimates, with a price-to-book ratio of 3.06 and a dividend yield of 1.66%. Its earnings yield of 4.89% is 0.44 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 4.0% of the fund and earn 4.7% of its combined profit. By sector, Industrials is the most expensive at 26.6 times earnings and Financial Services the cheapest at 13.8. Companies that lost money over the past year are 0.1% 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 99.1% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

CFO valuation FAQ

What is the P/E ratio of CFO?

Based on its holdings, CFO has a trailing P/E of 20.5 and a forward P/E of 15.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of CFO?

The trailing earnings yield is 4.89% (1 ÷ P/E) and the forward earnings yield 6.47%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is CFO more expensive than the S&P 500?

CFO trades at 20.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 15.4 and 19.9.

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

The holdings of CFO trade at 3.06 times book value, with a combined return on equity of 15.0%.

Which sector in CFO has the highest P/E?

Industrials has the highest P/E at 26.6 and Financial Services the lowest at 13.8.