Madison Covered Call ETF (CVRD) Valuation
CVRD valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 24.3 trailing earnings
- Forward P/E
- 13.6 analyst estimates
- Price / sales
- 2.69
- Price / book
- 2.95
- EV / EBITDA
- 11.3
- Earnings yield
- 4.12% inverse of P/E
- Dividend yield
- 1.68% of the holdings
- Return on equity
- 12.2% combined
- Net margin
- 11.1% combined
- Beta
- 1.00 weighted, vs S&P 500
CVRD valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| CVRD | 24.3 | 13.6 | 2.69 | 2.95 | 1.68% | 12.2% | 11.1% | 4.2% |
| 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.
CVRD valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 22.8% | 20.6 | 12.9 | 3.36 | 3.52 | 1.04% | 17.1% |
| Financial Services | 14.8% | 20.8 | 15.1 | 3.68 | 4.24 | 1.40% | 20.4% |
| Healthcare | 9.8% | 36.6 | 21.9 | 5.92 | 3.68 | 0.77% | 10.1% |
| Consumer Cyclical | 9.3% | 17.8 | 17.3 | 1.99 | 9.20 | 1.37% | 51.7% |
| Energy | 7.4% | n/m | 8.1 | 1.67 | 0.87 | 1.31% | −8.0% |
| Consumer Defensive | 5.6% | 14.1 | 12.3 | 2.03 | 4.12 | 3.93% | 29.2% |
| Communication Services | 5.1% | 10.3 | 8.2 | 0.98 | 1.48 | 4.33% | 14.3% |
| Industrials | 4.3% | 13.0 | 21.8 | 2.62 | 3.92 | 1.35% | 30.1% |
| Real Estate | 3.4% | 25.5 | 24.6 | 7.89 | 21.39 | 3.86% | 83.9% |
| Basic Materials | 2.8% | 15.0 | 11.6 | 4.85 | 3.80 | 0.88% | 25.4% |
| Utilities | 2.3% | 17.9 | 17.7 | 5.80 | 2.81 | 3.12% | 15.7% |
CVRD 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 CVRD weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
CVRD largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| DHR | Danaher Corporation | 5.44% | 40.8 | 23.8 | 6.4 | 0.70% | 3.69% |
| AMZN | Amazon.com, Inc. | 4.70% | 20.1 | 23.6 | 3.5 | — | 6.47% |
| V | Visa Inc. | 4.70% | 34.3 | 24.0 | 17.0 | 0.67% | 3.80% |
| ACN | Accenture plc | 4.26% | 16.9 | 12.4 | 1.9 | 2.98% | 6.97% |
| BLK | BlackRock, Inc. | 3.69% | 25.8 | 16.4 | 6.5 | 2.02% | 3.96% |
| MTDR | Matador Resources Company | 3.69% | 9.9 | 5.5 | 1.9 | 2.61% | 10.36% |
| RIG | Transocean Ltd. | 3.67% | — | 15.2 | 1.5 | — | −28.92% |
| ADBE | Adobe Inc. | 3.63% | 13.7 | 8.7 | 3.7 | — | 7.36% |
| MRSH | Marsh & McLennan Companies, Inc. | 3.45% | 22.5 | 15.0 | 3.2 | 2.10% | 4.24% |
| AMT | American Tower Corporation | 3.43% | 25.5 | 24.6 | 7.9 | 3.86% | 3.73% |
| AVGO | Broadcom Inc. | 3.30% | 43.3 | 19.4 | 17.6 | 0.79% | 2.11% |
| PEP | PepsiCo, Inc. | 3.27% | 16.5 | 14.9 | 1.8 | 4.50% | 5.47% |
| PYPL | PayPal Holdings, Inc. | 3.00% | 10.7 | 9.1 | 1.4 | 0.99% | 7.75% |
| LOW | Lowe's Companies, Inc. | 2.88% | 16.7 | 15.6 | 1.2 | 2.53% | 4.78% |
| TMUS | T-Mobile US, Inc. | 2.80% | 16.6 | 11.7 | 1.9 | 2.94% | 4.67% |
| NEM | Newmont Corporation | 2.79% | 15.0 | 11.6 | 4.8 | 0.88% | 5.16% |
| SNPS | Synopsys, Inc. | 2.58% | 80.3 | 23.3 | 9.3 | — | 0.89% |
| FISV | Fiserv, Inc. | 2.49% | 9.1 | 5.7 | 1.2 | — | 7.55% |
| A | Agilent Technologies, Inc. | 2.46% | 34.1 | 23.9 | 6.6 | 0.59% | 2.00% |
| ADI | Analog Devices, Inc. | 2.40% | 47.0 | 23.2 | 13.8 | 1.11% | 1.42% |
| STZ | Constellation Brands, Inc. | 2.37% | 11.8 | 10.0 | 2.4 | 3.14% | 5.60% |
| NEE | NextEra Energy, Inc. | 2.34% | 17.9 | 17.7 | 5.8 | 3.12% | 3.61% |
| CMCSA | Comcast Corporation | 2.28% | 7.1 | 5.9 | 0.6 | 6.03% | 8.94% |
| EMR | Emerson Electric Co. | 2.21% | 35.3 | 21.5 | 4.9 | 1.37% | 1.74% |
| HON | Honeywell International Inc. | 2.08% | 7.8 | 22.2 | 1.8 | 1.32% | 7.40% |
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 CVRD valuation
Adding up its 29 holdings with company data, CVRD trades at 24.3 times trailing earnings and 13.6 times analysts' forward estimates, with a price-to-book ratio of 2.95 and a dividend yield of 1.68%. Its earnings yield of 4.12% is 1.21 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 40.6% of the fund and earn 21.6% of its combined profit. By sector, Healthcare is the most expensive at 36.6 times earnings and Communication Services the cheapest at 10.3. Companies that lost money over the past year are 4.2% 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 97.7% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: CVRD chart, CVRD performance, CVRD holdings, CVRD dividends.
CVRD valuation FAQ
What is the P/E ratio of CVRD?
Based on its holdings, CVRD has a trailing P/E of 24.3 and a forward P/E of 13.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of CVRD?
The trailing earnings yield is 4.12% (1 ÷ P/E) and the forward earnings yield 7.34%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is CVRD more expensive than the S&P 500?
CVRD trades at 24.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 13.6 and 19.9.
What is the price-to-book ratio of CVRD?
The holdings of CVRD trade at 2.95 times book value, with a combined return on equity of 12.2%.
Which sector in CVRD has the highest P/E?
Healthcare has the highest P/E at 36.6 and Communication Services the lowest at 10.3.