Cultivar ETF (CVAR) Valuation
CVAR valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 35.3 trailing earnings
- Forward P/E
- 13.8 analyst estimates
- Price / sales
- 1.37
- Price / book
- 2.21
- EV / EBITDA
- 10.9
- Earnings yield
- 2.84% inverse of P/E
- Dividend yield
- 2.25% of the holdings
- Return on equity
- 6.3% combined
- Net margin
- 3.9% combined
- Beta
- 0.76 weighted, vs S&P 500
CVAR valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| CVAR | 35.3 | 13.8 | 1.37 | 2.21 | 2.25% | 6.3% | 3.9% | 4.8% |
| 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.
CVAR valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Healthcare | 21.1% | 68.9 | 14.8 | 1.03 | 2.33 | 1.53% | 3.4% |
| Technology | 19.7% | 20.9 | 13.8 | 3.22 | 4.04 | 1.02% | 19.3% |
| Consumer Defensive | 12.3% | 21.0 | 13.2 | 0.93 | 2.82 | 3.36% | 13.4% |
| Industrials | 7.6% | 26.2 | 11.1 | 1.71 | 2.35 | 1.52% | 9.0% |
| Real Estate | 7.0% | n/m | 20.0 | 3.07 | 1.06 | 4.88% | −2.4% |
| Utilities | 4.9% | 17.7 | 15.1 | 1.94 | 1.43 | 4.19% | 8.1% |
| Energy | 4.5% | 18.0 | 13.2 | 0.85 | 2.02 | 1.99% | 11.2% |
| Basic Materials | 4.2% | n/m | 10.8 | 1.74 | 2.12 | 1.55% | −47.3% |
| Financial Services | 3.1% | 13.8 | 10.7 | 2.58 | 2.10 | 1.82% | 15.2% |
| Consumer Cyclical | 2.6% | 16.3 | 16.1 | 0.60 | 1.68 | 3.55% | 10.3% |
| Services | 0.9% | 14.2 | 15.3 | 1.60 | 2.99 | 2.71% | 21.0% |
| Communication Services | 0.5% | 7.1 | 5.9 | 0.62 | 0.89 | 6.03% | 12.6% |
CVAR 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 CVAR weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
CVAR largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| KMB | Kimberly-Clark Corporation | 2.48% | 20.8 | 13.1 | 2.1 | 4.85% | 5.07% |
| VEEV | Veeva Systems Inc. | 2.42% | 50.9 | 30.2 | 14.5 | — | 2.02% |
| PAYC | Paycom Software, Inc. | 2.42% | 26.6 | 16.7 | 5.3 | 0.60% | 3.85% |
| HCSG | Healthcare Services Group, Inc. | 2.32% | 12.4 | 17.4 | 0.8 | — | 7.96% |
| HUM | Humana Inc. | 2.02% | 39.1 | 24.3 | 0.3 | 0.86% | 2.19% |
| CLB | Core Laboratories N.V. | 1.96% | 19.2 | 19.8 | 0.9 | 0.40% | 4.33% |
| SWKS | Skyworks Solutions, Inc. | 1.92% | 41.3 | 17.8 | 4.7 | — | 1.98% |
| INTU | Intuit Inc. | 1.80% | 19.8 | 12.7 | 4.1 | 1.70% | 3.88% |
| DG | Dollar General Corporation | 1.79% | 17.4 | 15.3 | 0.7 | 1.76% | 4.35% |
| ACN | Accenture plc | 1.76% | 16.9 | 12.4 | 1.9 | 2.98% | 4.42% |
| DASTY | Dassault Systemes SA | 1.68% | — | — | — | — | — |
| ARE | Alexandria Real Estate Equities, Inc. | 1.67% | — | 16.7 | 2.5 | 6.92% | −10.34% |
| LW | Lamb Weston Holdings, Inc. | 1.67% | 29.3 | 14.7 | 1.1 | 2.84% | 2.43% |
| ZTS | Zoetis Inc. | 1.62% | 13.1 | 12.0 | 3.4 | 2.67% | 5.26% |
| BIIB | Biogen Inc. | 1.54% | 41.3 | 13.9 | 3.4 | — | 1.58% |
| PRLB | Proto Labs, Inc. | 1.54% | 68.0 | 32.3 | 3.7 | — | 0.96% |
| CRM | Salesforce, Inc. | 1.48% | 22.0 | 14.0 | 4.5 | 0.73% | 2.86% |
| NWN | Northwest Natural Holding Company | 1.48% | 16.3 | 14.5 | 1.6 | 4.08% | 3.86% |
| ES | Eversource Energy | 1.43% | 17.3 | 13.3 | 1.8 | 4.71% | 3.51% |
| HSY | The Hershey Company | 1.36% | 23.3 | 17.8 | 2.8 | 3.40% | 2.48% |
| UNH | UnitedHealth Group Incorporated | 1.35% | 25.8 | 16.6 | 0.8 | 2.31% | 2.22% |
| GPN | Global Payments Inc. | 1.32% | 39.3 | 5.3 | 2.2 | 1.20% | 1.42% |
| TYL | Tyler Technologies, Inc. | 1.31% | 47.5 | 23.7 | 6.1 | — | 1.17% |
| FDS | FactSet Research Systems Inc. | 1.25% | 20.7 | 13.9 | 4.3 | 1.54% | 2.57% |
| ADBE | Adobe Inc. | 1.24% | 13.7 | 8.7 | 3.7 | — | 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 CVAR valuation
Adding up its 80 holdings with company data, CVAR trades at 35.3 times trailing earnings and 13.8 times analysts' forward estimates, with a price-to-book ratio of 2.21 and a dividend yield of 2.25%. Its earnings yield of 2.84% is 2.49 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 20.9% of the fund and earn 40.1% of its combined profit. By sector, Healthcare is the most expensive at 68.9 times earnings and Communication Services the cheapest at 7.1. Companies that lost money over the past year are 4.8% 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 94.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: CVAR chart, CVAR performance, CVAR holdings, CVAR dividends.
CVAR valuation FAQ
What is the P/E ratio of CVAR?
Based on its holdings, CVAR has a trailing P/E of 35.3 and a forward P/E of 13.8 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of CVAR?
The trailing earnings yield is 2.84% (1 ÷ P/E) and the forward earnings yield 7.25%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is CVAR more expensive than the S&P 500?
CVAR trades at 35.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 13.8 and 19.9.
What is the price-to-book ratio of CVAR?
The holdings of CVAR trade at 2.21 times book value, with a combined return on equity of 6.3%.
Which sector in CVAR has the highest P/E?
Healthcare has the highest P/E at 68.9 and Communication Services the lowest at 7.1.