Calvert US Large-Cap Core Responsible ETF (CVLC) Valuation
CVLC valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 26.8 trailing earnings
- Forward P/E
- 19.2 analyst estimates
- Price / sales
- 3.31
- Price / book
- 5.23
- EV / EBITDA
- 17.2
- Earnings yield
- 3.73% inverse of P/E
- Dividend yield
- 1.13% of the holdings
- Return on equity
- 19.5% combined
- Net margin
- 12.3% combined
- Beta
- 1.17 weighted, vs S&P 500
CVLC valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| CVLC | 26.8 | 19.2 | 3.31 | 5.23 | 1.13% | 19.5% | 12.3% | 3.6% |
| 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.
CVLC valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 38.5% | 32.6 | 22.8 | 8.33 | 11.75 | 0.56% | 36.0% |
| Financial Services | 12.7% | 16.5 | 13.4 | 3.13 | 2.46 | 1.78% | 14.9% |
| Healthcare | 11.1% | 41.0 | 17.6 | 2.20 | 5.04 | 1.37% | 12.3% |
| Industrials | 8.8% | 30.2 | 20.9 | 2.31 | 6.00 | 1.15% | 19.9% |
| Consumer Cyclical | 8.4% | 26.0 | 18.2 | 1.71 | 4.71 | 0.91% | 18.1% |
| Communication Services | 7.1% | 16.4 | 17.8 | 4.07 | 4.29 | 0.91% | 26.2% |
| Consumer Defensive | 4.9% | 31.9 | 21.1 | 1.38 | 5.64 | 2.15% | 17.7% |
| Real Estate | 2.6% | 33.9 | 31.2 | 5.75 | 2.98 | 3.53% | 8.8% |
| Basic Materials | 2.3% | 32.1 | 17.7 | 2.78 | 3.84 | 1.20% | 12.0% |
| Utilities | 1.7% | 20.8 | 16.2 | 2.99 | 2.08 | 3.11% | 10.0% |
| Energy | 0.4% | 17.8 | 16.1 | 2.25 | 2.14 | 1.72% | 12.0% |
CVLC 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 CVLC weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
CVLC largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 7.13% | 39.4 | 35.2 | 10.7 | 0.31% | 4.96% |
| NVDA | NVIDIA Corporation | 6.99% | 27.1 | 24.9 | 17.1 | 0.47% | 7.07% |
| MSFT | Microsoft Corporation | 5.68% | 29.5 | 25.1 | 11.8 | 0.74% | 5.27% |
| GOOGL | Alphabet Inc. | 5.07% | 17.1 | 22.8 | 9.3 | 0.26% | 8.11% |
| AMZN | Amazon.com, Inc. | 3.82% | 20.1 | 23.6 | 3.5 | — | 5.20% |
| AVGO | Broadcom Inc. | 2.31% | 43.3 | 19.4 | 17.6 | 0.79% | 1.46% |
| LLY | Eli Lilly and Company | 1.83% | 42.2 | 24.4 | 14.1 | 0.55% | 1.19% |
| MU | Micron Technology, Inc. | 1.58% | 11.8 | 7.0 | 7.5 | 0.07% | 3.66% |
| JPM | JPMorgan Chase & Co. | 1.43% | 14.2 | 13.5 | 4.7 | 1.94% | 2.74% |
| AMD | Advanced Micro Devices, Inc. | 1.34% | 134.9 | 39.5 | 20.9 | — | 0.27% |
| V | Visa Inc. | 1.14% | 34.3 | 24.0 | 17.0 | 0.67% | 0.91% |
| MA | Mastercard Incorporated | 0.89% | 34.0 | 24.2 | 15.4 | 0.56% | 0.72% |
| ABBV | AbbVie Inc. | 0.86% | 80.6 | 16.4 | 7.8 | 2.42% | 0.29% |
| WMT | Walmart Inc. | 0.83% | 43.0 | 38.0 | 1.3 | 0.83% | 0.53% |
| UNH | UnitedHealth Group Incorporated | 0.71% | 25.8 | 16.6 | 0.8 | 2.31% | 0.75% |
| COST | Costco Wholesale Corporation | 0.70% | 47.6 | 40.3 | 1.4 | 0.59% | 0.40% |
| CSCO | Cisco Systems, Inc. | 0.70% | 32.2 | 19.8 | 6.7 | 1.56% | 0.59% |
| KO | The Coca-Cola Company | 0.69% | 28.2 | 25.3 | 8.1 | 2.26% | 0.67% |
| INTC | Intel Corporation | 0.67% | — | 63.3 | 8.3 | — | −0.43% |
| MRK | Merck & Co., Inc. | 0.65% | 115.8 | 15.3 | 5.4 | 2.33% | 0.15% |
| BAC | Bank of America Corporation | 0.61% | 12.2 | 10.8 | 3.1 | 2.50% | 1.36% |
| GCP | General Electric Company | 0.59% | — | — | — | — | — |
| PG | The Procter & Gamble Company | 0.58% | 24.1 | 21.2 | 4.3 | 2.73% | 0.66% |
| CAT | Caterpillar Inc. | 0.57% | 31.5 | 25.4 | 4.5 | 0.89% | 0.49% |
| WFC | Wells Fargo & Company | 0.51% | 11.8 | 10.2 | 3.0 | 2.38% | 1.18% |
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 CVLC valuation
Adding up its 741 holdings with company data, CVLC trades at 26.8 times trailing earnings and 19.2 times analysts' forward estimates, with a price-to-book ratio of 5.23 and a dividend yield of 1.13%. Its earnings yield of 3.73% is 1.59 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 37.2% of the fund and earn 39.9% of its combined profit. By sector, Healthcare is the most expensive at 41.0 times earnings and Communication Services the cheapest at 16.4. Companies that lost money over the past year are 3.6% 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 98.8% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: CVLC chart, CVLC performance, CVLC holdings, CVLC dividends.
CVLC valuation FAQ
What is the P/E ratio of CVLC?
Based on its holdings, CVLC has a trailing P/E of 26.8 and a forward P/E of 19.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of CVLC?
The trailing earnings yield is 3.73% (1 ÷ P/E) and the forward earnings yield 5.20%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is CVLC more expensive than the S&P 500?
CVLC trades at 26.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.2 and 19.9.
What is the price-to-book ratio of CVLC?
The holdings of CVLC trade at 5.23 times book value, with a combined return on equity of 19.5%.
Which sector in CVLC has the highest P/E?
Healthcare has the highest P/E at 41.0 and Communication Services the lowest at 16.4.