Dimensional Gloabl Real Estate ETF (DFGR) Valuation
DFGR valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 37.9 trailing earnings
- Forward P/E
- 32.1 analyst estimates
- Price / sales
- 7.17
- Price / book
- 2.70
- EV / EBITDA
- 18.7
- Earnings yield
- 2.64% inverse of P/E
- Dividend yield
- 3.79% of the holdings
- Return on equity
- 7.1% combined
- Net margin
- 18.9% combined
- Beta
- 0.96 weighted, vs S&P 500
DFGR valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| DFGR | 37.9 | 32.1 | 7.17 | 2.70 | 3.79% | 7.1% | 18.9% | 3.7% |
| 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.
DFGR valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Real Estate | 99.0% | 37.9 | 32.1 | 7.17 | 2.70 | 3.79% | 7.1% |
DFGR 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 DFGR weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
DFGR largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| WELL | Welltower Inc. | 9.25% | 105.3 | 78.1 | 13.3 | 1.45% | 4.57% |
| PLD | Prologis, Inc. | 6.57% | 27.7 | 29.2 | 12.4 | 3.40% | 12.33% |
| EQIX | Equinix, Inc. | 5.32% | 63.4 | 52.1 | 9.8 | 2.09% | 4.36% |
| AMT | American Tower Corporation | 4.30% | 25.5 | 24.6 | 7.9 | 3.86% | 8.78% |
| SPG | Simon Property Group, Inc. | 3.58% | 14.5 | 30.7 | 11.2 | 4.33% | 12.82% |
| DLR | Digital Realty Trust, Inc. | 3.44% | 85.4 | 66.2 | 9.8 | 2.77% | 2.09% |
| O | Realty Income Corporation | 2.90% | 40.6 | 33.7 | 8.7 | 5.81% | 3.71% |
| PSA | Public Storage | 2.66% | 28.5 | 27.2 | 11.4 | 4.02% | 4.85% |
| VTR | Ventas, Inc. | 2.35% | 159.0 | 128.2 | 6.9 | 2.42% | 0.77% |
| EQR | Equity Residential | 2.28% | — | — | — | — | — |
| GMG | Goodman Group | 2.19% | — | — | — | — | — |
| IRM | Iron Mountain Incorporated | 1.75% | 80.4 | 58.5 | 4.4 | 3.07% | 1.13% |
| EXR | Extra Space Storage Inc. | 1.56% | 30.8 | 29.0 | 8.8 | 4.64% | 2.63% |
| CCI | Crown Castle Inc. | 1.53% | 33.4 | 21.2 | 8.4 | 5.17% | 2.39% |
| VICI | VICI Properties Inc. | 1.42% | 9.2 | 7.8 | 6.3 | 7.80% | 8.05% |
| SGRO | Segro Plc | 1.04% | — | — | — | — | — |
| HST | Host Hotels & Resorts, Inc. | 0.90% | 16.2 | 22.2 | 2.7 | 3.34% | 2.89% |
| SBAC | SBA Communications Corporation | 0.89% | 20.2 | 19.4 | 6.9 | 2.67% | 2.30% |
| ESS | Essex Property Trust, Inc. | 0.88% | 41.9 | 43.9 | 9.4 | 3.85% | 1.09% |
| KIM | Kimco Realty Corporation | 0.80% | 27.0 | 27.5 | 7.0 | 4.89% | 1.55% |
| INVH | Invitation Homes Inc. | 0.78% | 24.8 | 30.4 | 5.6 | 4.43% | 1.64% |
| 0823 | Link Real Estate Investment Trust | 0.77% | — | — | — | — | — |
| OHI | Omega Healthcare Investors, Inc. | 0.77% | 16.3 | 10.1 | 11.6 | 5.96% | 2.44% |
| WPC | W. P. Carey Inc. | 0.75% | 22.3 | 24.2 | 8.2 | 5.83% | 1.75% |
| SUI | Sun Communities, Inc. | 0.74% | 89.5 | 33.8 | 6.5 | 3.79% | 0.43% |
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 DFGR valuation
Adding up its 115 holdings with company data, DFGR trades at 37.9 times trailing earnings and 32.1 times analysts' forward estimates, with a price-to-book ratio of 2.70 and a dividend yield of 3.79%. Its earnings yield of 2.64% is 2.69 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 42.6% of the fund and earn 55.4% of its combined profit. Companies that lost money over the past year are 3.7% 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 72.7% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: DFGR chart, DFGR performance, DFGR holdings, DFGR dividends.
DFGR valuation FAQ
What is the P/E ratio of DFGR?
Based on its holdings, DFGR has a trailing P/E of 37.9 and a forward P/E of 32.1 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of DFGR?
The trailing earnings yield is 2.64% (1 ÷ P/E) and the forward earnings yield 3.12%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is DFGR more expensive than the S&P 500?
DFGR trades at 37.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 32.1 and 19.9.
What is the price-to-book ratio of DFGR?
The holdings of DFGR trade at 2.70 times book value, with a combined return on equity of 7.1%.