Calvert US Mid-Cap Core Responsible ETF (CVMC) Valuation
CVMC valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 27.9 trailing earnings
- Forward P/E
- 16.1 analyst estimates
- Price / sales
- 1.82
- Price / book
- 3.04
- EV / EBITDA
- 14.0
- Earnings yield
- 3.59% inverse of P/E
- Dividend yield
- 1.51% of the holdings
- Return on equity
- 10.9% combined
- Net margin
- 6.5% combined
- Beta
- 1.02 weighted, vs S&P 500
CVMC valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| CVMC | 27.9 | 16.1 | 1.82 | 3.04 | 1.51% | 10.9% | 6.5% | 9.0% |
| 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.
CVMC valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Industrials | 17.7% | 29.9 | 19.1 | 1.97 | 4.66 | 0.98% | 15.6% |
| Technology | 17.2% | 33.3 | 17.1 | 2.55 | 4.33 | 0.59% | 13.0% |
| Financial Services | 16.2% | 15.5 | 11.5 | 1.80 | 1.88 | 1.99% | 12.1% |
| Healthcare | 14.8% | 82.7 | 20.6 | 2.18 | 4.25 | 0.34% | 5.1% |
| Consumer Cyclical | 8.8% | 22.9 | 14.9 | 1.18 | 3.42 | 1.52% | 14.9% |
| Real Estate | 7.6% | 31.8 | 25.9 | 4.01 | 2.42 | 4.16% | 7.6% |
| Utilities | 5.7% | 21.4 | 15.3 | 2.59 | 1.85 | 3.48% | 8.6% |
| Consumer Defensive | 5.6% | 35.4 | 14.0 | 0.69 | 3.05 | 2.83% | 8.6% |
| Basic Materials | 3.3% | 30.7 | 14.4 | 1.83 | 2.67 | 1.21% | 8.7% |
| Communication Services | 2.2% | 31.7 | 12.0 | 1.61 | 2.71 | 0.80% | 8.6% |
| Energy | 0.4% | 17.7 | 14.6 | 2.61 | 1.68 | 1.80% | 9.5% |
CVMC 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 CVMC weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
CVMC largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MRNA | Moderna, Inc. | 0.79% | — | 23.0 | 39.1 | — | −0.82% |
| HPE | Hewlett Packard Enterprise Company | 0.66% | 28.4 | 13.6 | 1.7 | 1.03% | 0.66% |
| TGT | Target Corporation | 0.61% | 16.0 | 15.6 | 0.7 | 3.01% | 1.09% |
| AJG | Arthur J. Gallagher & Co. | 0.56% | 42.3 | 16.3 | 4.3 | 1.10% | 0.38% |
| FAST | Fastenal Company | 0.53% | 41.5 | 37.5 | 6.4 | 2.04% | 0.37% |
| KEYS | Keysight Technologies, Inc. | 0.53% | 44.8 | 22.4 | 8.6 | — | 0.34% |
| GWW | W.W. Grainger, Inc. | 0.53% | 33.9 | 24.8 | 3.3 | 0.75% | 0.44% |
| NUE | Nucor Corporation | 0.52% | 20.4 | 11.4 | 1.6 | 0.87% | 0.72% |
| D | Dominion Energy, Inc. | 0.52% | 22.0 | 15.9 | 3.1 | 4.20% | 0.67% |
| NTRA | Natera, Inc. | 0.51% | — | — | 20.9 | — | −0.05% |
| PCAR | PACCAR Inc | 0.50% | 23.3 | 15.1 | 2.1 | 1.26% | 0.61% |
| AME | AMETEK, Inc. | 0.50% | 36.3 | 28.2 | 7.2 | 0.55% | 0.39% |
| SRE | Sempra | 0.49% | 24.1 | 14.5 | 4.0 | 3.15% | 0.58% |
| HUM | Humana Inc. | 0.48% | 39.1 | 24.3 | 0.3 | 0.86% | 0.35% |
| O | Realty Income Corporation | 0.47% | 40.6 | 33.7 | 8.7 | 5.81% | 0.33% |
| BDX | Becton, Dickinson and Company | 0.47% | 44.6 | 13.7 | 2.3 | 2.19% | 0.30% |
| MET | MetLife, Inc. | 0.47% | 19.3 | 10.5 | 0.8 | 2.35% | 0.69% |
| ADSK | Autodesk, Inc. | 0.47% | 31.1 | 17.6 | 6.4 | — | 0.43% |
| AFL | Aflac Incorporated | 0.47% | 12.9 | 15.2 | 3.3 | 2.03% | 1.04% |
| TER | Teradyne, Inc. | 0.46% | 44.6 | 30.7 | 11.4 | 0.16% | 0.30% |
| PYPL | PayPal Holdings, Inc. | 0.46% | 10.7 | 9.1 | 1.4 | 0.99% | 1.23% |
| ROK | Rockwell Automation, Inc. | 0.46% | 39.9 | 29.8 | 5.3 | 1.30% | 0.33% |
| EW | Edwards Lifesciences Corporation | 0.46% | 51.5 | 25.6 | 7.7 | — | 0.25% |
| PSA | Public Storage | 0.45% | 28.5 | 27.2 | 11.4 | 4.02% | 0.45% |
| XEL | Xcel Energy Inc. | 0.45% | 20.9 | 16.0 | 3.3 | 3.11% | 0.61% |
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 CVMC valuation
Adding up its 581 holdings with company data, CVMC trades at 27.9 times trailing earnings and 16.1 times analysts' forward estimates, with a price-to-book ratio of 3.04 and a dividend yield of 1.51%. Its earnings yield of 3.59% is 1.74 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 5.8% of the fund and earn 3.8% of its combined profit. By sector, Healthcare is the most expensive at 82.7 times earnings and Financial Services the cheapest at 15.5. Companies that lost money over the past year are 9.0% 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 98.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: CVMC chart, CVMC performance, CVMC holdings, CVMC dividends.
CVMC valuation FAQ
What is the P/E ratio of CVMC?
Based on its holdings, CVMC has a trailing P/E of 27.9 and a forward P/E of 16.1 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of CVMC?
The trailing earnings yield is 3.59% (1 ÷ P/E) and the forward earnings yield 6.20%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is CVMC more expensive than the S&P 500?
CVMC trades at 27.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 16.1 and 19.9.
What is the price-to-book ratio of CVMC?
The holdings of CVMC trade at 3.04 times book value, with a combined return on equity of 10.9%.
Which sector in CVMC has the highest P/E?
Healthcare has the highest P/E at 82.7 and Financial Services the lowest at 15.5.