DFA Investment Dimensions Group (DFAR) Valuation
DFAR valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 38.6 trailing earnings
- Forward P/E
- 31.0 analyst estimates
- Price / sales
- 6.85
- Price / book
- 2.58
- EV / EBITDA
- 17.9
- Earnings yield
- 2.59% inverse of P/E
- Dividend yield
- 3.97% of the holdings
- Return on equity
- 6.7% combined
- Net margin
- 17.7% combined
- Beta
- 0.96 weighted, vs S&P 500
DFAR valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| DFAR | 38.6 | 31.0 | 6.85 | 2.58 | 3.97% | 6.7% | 17.7% | 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.
DFAR valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Real Estate | 100.1% | 38.6 | 31.0 | 6.85 | 2.58 | 3.97% | 6.7% |
DFAR 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 DFAR weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
DFAR largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| WELL | Welltower Inc. | 8.47% | 105.3 | 78.1 | 13.3 | 1.45% | 3.23% |
| PLD | Prologis, Inc. | 6.67% | 27.7 | 29.2 | 12.4 | 3.40% | 9.68% |
| EQIX | Equinix, Inc. | 5.43% | 63.4 | 52.1 | 9.8 | 2.09% | 3.44% |
| SPG | Simon Property Group, Inc. | 4.97% | 14.5 | 30.7 | 11.2 | 4.33% | 13.78% |
| DLR | Digital Realty Trust, Inc. | 4.90% | 85.4 | 66.2 | 9.8 | 2.77% | 2.31% |
| AMT | American Tower Corporation | 4.40% | 25.5 | 24.6 | 7.9 | 3.86% | 6.93% |
| O | Realty Income Corporation | 4.20% | 40.6 | 33.7 | 8.7 | 5.81% | 4.15% |
| PSA | Public Storage | 4.09% | 28.5 | 27.2 | 11.4 | 4.02% | 5.77% |
| EQR | Equity Residential | 3.63% | — | — | — | — | — |
| VTR | Ventas, Inc. | 3.46% | 159.0 | 128.2 | 6.9 | 2.42% | 0.87% |
| IRM | Iron Mountain Incorporated | 2.84% | 80.4 | 58.5 | 4.4 | 3.07% | 1.42% |
| CCI | Crown Castle Inc. | 2.29% | 33.4 | 21.2 | 8.4 | 5.17% | 2.76% |
| EXR | Extra Space Storage Inc. | 2.24% | 30.8 | 29.0 | 8.8 | 4.64% | 2.93% |
| VICI | VICI Properties Inc. | 2.07% | 9.2 | 7.8 | 6.3 | 7.80% | 9.05% |
| ESS | Essex Property Trust, Inc. | 1.43% | 41.9 | 43.9 | 9.4 | 3.85% | 1.37% |
| SBAC | SBA Communications Corporation | 1.43% | 20.2 | 19.4 | 6.9 | 2.67% | 2.84% |
| KIM | Kimco Realty Corporation | 1.30% | 27.0 | 27.5 | 7.0 | 4.89% | 1.94% |
| WPC | W. P. Carey Inc. | 1.23% | 22.3 | 24.2 | 8.2 | 5.83% | 2.22% |
| HST | Host Hotels & Resorts, Inc. | 1.21% | 16.2 | 22.2 | 2.7 | 3.34% | 3.00% |
| OHI | Omega Healthcare Investors, Inc. | 1.20% | 16.3 | 10.1 | 11.6 | 5.96% | 2.95% |
| DOC | Healthpeak Properties, Inc. | 1.18% | 54.2 | 169.5 | 4.6 | 6.43% | 0.87% |
| INVH | Invitation Homes Inc. | 1.10% | 24.8 | 30.4 | 5.6 | 4.43% | 1.78% |
| MAA | Mid-America Apartment Communities, Inc. | 1.08% | 34.1 | 33.6 | 6.3 | 5.25% | 1.27% |
| SUI | Sun Communities, Inc. | 1.04% | 89.5 | 33.8 | 6.5 | 3.79% | 0.47% |
| AHR | American Healthcare REIT, Inc. | 1.00% | 79.4 | 48.1 | 4.6 | 1.88% | 0.51% |
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 DFAR valuation
Adding up its 115 holdings with company data, DFAR trades at 38.6 times trailing earnings and 31.0 times analysts' forward estimates, with a price-to-book ratio of 2.58 and a dividend yield of 3.97%. Its earnings yield of 2.59% is 2.74 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 50.2% of the fund and earn 51.6% of its combined profit. 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 96.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: DFAR chart, DFAR performance, DFAR holdings, DFAR dividends.
DFAR valuation FAQ
What is the P/E ratio of DFAR?
Based on its holdings, DFAR has a trailing P/E of 38.6 and a forward P/E of 31.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of DFAR?
The trailing earnings yield is 2.59% (1 ÷ P/E) and the forward earnings yield 3.23%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is DFAR more expensive than the S&P 500?
DFAR trades at 38.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 31.0 and 19.9.
What is the price-to-book ratio of DFAR?
The holdings of DFAR trade at 2.58 times book value, with a combined return on equity of 6.7%.