Change Finance Diversified Imp US Large Cap… (CHGX) Valuation
CHGX valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 28.2 trailing earnings
- Forward P/E
- 17.7 analyst estimates
- Price / sales
- 2.70
- Price / book
- 5.29
- EV / EBITDA
- 18.1
- Earnings yield
- 3.55% inverse of P/E
- Dividend yield
- 1.21% of the holdings
- Return on equity
- 18.8% combined
- Net margin
- 9.6% combined
- Beta
- 1.11 weighted, vs S&P 500
CHGX valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| CHGX | 28.2 | 17.7 | 2.70 | 5.29 | 1.21% | 18.8% | 9.6% | 8.9% |
| 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.
CHGX valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 38.6% | 36.1 | 21.8 | 6.17 | 8.77 | 0.52% | 24.3% |
| Financial Services | 14.8% | 15.7 | 14.7 | 2.58 | 3.98 | 1.26% | 25.4% |
| Healthcare | 11.6% | 37.2 | 17.1 | 3.56 | 6.14 | 1.92% | 16.5% |
| Consumer Cyclical | 11.4% | 27.1 | 18.1 | 1.14 | 6.27 | 1.56% | 23.2% |
| Communication Services | 8.3% | 19.7 | 8.9 | 1.35 | 1.76 | 2.61% | 9.0% |
| Industrials | 6.6% | 40.5 | 25.6 | 3.82 | 8.35 | 0.89% | 20.6% |
| Consumer Defensive | 4.2% | 35.5 | 19.7 | 1.38 | 4.86 | 1.73% | 13.7% |
| Basic Materials | 2.0% | 28.2 | 15.3 | 2.54 | 4.95 | 0.95% | 17.5% |
| Real Estate | 1.9% | 38.1 | 37.1 | 10.98 | 3.53 | 2.76% | 9.2% |
CHGX 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 CHGX weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
CHGX largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| ACN | Accenture plc | 1.32% | 16.9 | 12.4 | 1.9 | 2.98% | 2.25% |
| SN | SharkNinja, Inc. | 1.24% | 38.1 | 23.1 | 3.8 | — | 0.94% |
| ISRG | Intuitive Surgical, Inc. | 1.22% | 48.9 | 33.3 | 13.7 | — | 0.72% |
| SNAP | Snap Inc. | 1.17% | — | 7.7 | 1.6 | — | −0.84% |
| TEAM | Atlassian Corporation | 1.17% | — | 36.2 | 8.0 | — | −0.02% |
| NOW | ServiceNow, Inc. | 1.16% | 88.7 | 27.8 | 10.0 | — | 0.37% |
| AMGN | Amgen Inc. | 1.13% | 26.9 | 16.7 | 6.1 | 2.33% | 1.21% |
| LLY | Eli Lilly and Company | 1.12% | 42.2 | 24.4 | 14.1 | 0.55% | 0.77% |
| ADSK | Autodesk, Inc. | 1.11% | 31.1 | 17.6 | 6.4 | — | 1.03% |
| NTAP | NetApp, Inc. | 1.11% | 28.7 | 21.4 | 5.4 | 1.02% | 1.11% |
| TMO | Thermo Fisher Scientific Inc. | 1.11% | 37.1 | 24.2 | 5.5 | 0.27% | 0.86% |
| VRSK | Verisk Analytics, Inc. | 1.11% | 29.3 | 20.1 | 8.0 | 1.05% | 1.09% |
| AZO | AutoZone, Inc. | 1.10% | 20.5 | 16.5 | 2.5 | — | 1.54% |
| ADP | Automatic Data Processing, Inc. | 1.10% | 26.4 | 22.0 | 5.2 | 2.35% | 1.19% |
| ABBV | AbbVie Inc. | 1.09% | 80.6 | 16.4 | 7.8 | 2.42% | 0.39% |
| W | Wayfair Inc. | 1.09% | — | 25.8 | 1.1 | — | −0.61% |
| CHD | Church & Dwight Co., Inc. | 1.09% | 33.5 | 23.4 | 4.0 | 1.18% | 0.93% |
| ULTA | Ulta Beauty, Inc. | 1.09% | 21.6 | 19.6 | 2.0 | — | 1.45% |
| CDNS | Cadence Design Systems, Inc. | 1.09% | 63.5 | 31.5 | 15.1 | — | 0.49% |
| V | Visa Inc. | 1.08% | 34.3 | 24.0 | 17.0 | 0.67% | 0.91% |
| USFD | US Foods Holding Corp. | 1.07% | 31.4 | 17.0 | 0.5 | — | 0.98% |
| INTU | Intuit Inc. | 1.07% | 19.8 | 12.7 | 4.1 | 1.70% | 1.56% |
| WDAY | Workday, Inc. | 1.07% | 38.9 | 17.7 | 4.5 | — | 0.79% |
| DIS | The Walt Disney Company | 1.07% | 22.8 | 13.8 | 1.9 | 1.36% | 1.35% |
| UI | Ubiquiti Inc. | 1.07% | 37.9 | 28.5 | 11.1 | 0.67% | 0.81% |
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 CHGX valuation
Adding up its 98 holdings with company data, CHGX trades at 28.2 times trailing earnings and 17.7 times analysts' forward estimates, with a price-to-book ratio of 5.29 and a dividend yield of 1.21%. Its earnings yield of 3.55% is 1.78 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 11.8% of the fund and earn 7.5% of its combined profit. By sector, Industrials is the most expensive at 40.5 times earnings and Financial Services the cheapest at 15.7. Companies that lost money over the past year are 8.9% 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 98.1% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: CHGX chart, CHGX performance, CHGX holdings, CHGX dividends.
CHGX valuation FAQ
What is the P/E ratio of CHGX?
Based on its holdings, CHGX has a trailing P/E of 28.2 and a forward P/E of 17.7 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of CHGX?
The trailing earnings yield is 3.55% (1 ÷ P/E) and the forward earnings yield 5.66%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is CHGX more expensive than the S&P 500?
CHGX trades at 28.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 17.7 and 19.9.
What is the price-to-book ratio of CHGX?
The holdings of CHGX trade at 5.29 times book value, with a combined return on equity of 18.8%.
Which sector in CHGX has the highest P/E?
Industrials has the highest P/E at 40.5 and Financial Services the lowest at 15.7.