Dimensional US Large Cap Value ETF (DFLV) Valuation
DFLV valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 19.4 trailing earnings
- Forward P/E
- 14.0 analyst estimates
- Price / sales
- 1.79
- Price / book
- 2.73
- EV / EBITDA
- 11.7
- Earnings yield
- 5.16% inverse of P/E
- Dividend yield
- 1.76% of the holdings
- Return on equity
- 14.1% combined
- Net margin
- 9.2% combined
- Beta
- 0.86 weighted, vs S&P 500
DFLV valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| DFLV | 19.4 | 14.0 | 1.79 | 2.73 | 1.76% | 14.1% | 9.2% | 2.5% |
| 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.
DFLV valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 20.5% | 12.4 | 11.9 | 2.37 | 1.82 | 1.87% | 14.7% |
| Healthcare | 14.7% | 28.5 | 15.2 | 1.39 | 3.37 | 1.88% | 11.8% |
| Energy | 13.6% | 19.1 | 13.1 | 1.93 | 2.32 | 2.31% | 12.2% |
| Industrials | 12.4% | 24.0 | 17.4 | 1.88 | 3.83 | 1.40% | 16.0% |
| Technology | 9.9% | 24.1 | 14.7 | 3.47 | 4.61 | 0.95% | 19.1% |
| Consumer Cyclical | 7.6% | 28.1 | 13.9 | 1.13 | 2.80 | 1.07% | 9.9% |
| Basic Materials | 6.2% | 25.5 | 15.6 | 2.98 | 3.66 | 1.30% | 14.4% |
| Communication Services | 5.8% | 14.6 | 12.3 | 1.92 | 2.44 | 2.66% | 16.7% |
| Consumer Defensive | 4.6% | 24.1 | 15.9 | 0.84 | 3.43 | 2.75% | 14.2% |
| Real Estate | 0.3% | 29.7 | 14.8 | 0.87 | 4.65 | 0.00% | 15.7% |
| Utilities | 0.0% | 27.2 | 9.0 | 0.66 | 5.04 | 1.83% | 18.5% |
DFLV 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 DFLV weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
DFLV largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AMZN | Amazon.com, Inc. | 4.30% | 20.1 | 23.6 | 3.5 | — | 4.36% |
| JPM | JPMorgan Chase & Co. | 4.12% | 14.2 | 13.5 | 4.7 | 1.94% | 5.90% |
| XOM | Exxon Mobil Corporation | 3.70% | 23.0 | 14.8 | 2.0 | 2.30% | 3.28% |
| JNJ | Johnson & Johnson | 2.13% | 38.8 | 21.0 | 6.2 | 2.10% | 1.12% |
| META | Meta Platforms, Inc. | 2.12% | 26.7 | 22.1 | 7.9 | 0.30% | 1.62% |
| CVX | Chevron Corporation | 1.92% | 21.2 | 15.2 | 2.1 | 3.16% | 1.85% |
| BRK.B | Berkshire Hathaway Inc. | 1.84% | 13.4 | 22.7 | 3.0 | — | 2.81% |
| UNH | UnitedHealth Group Incorporated | 1.54% | 25.8 | 16.6 | 0.8 | 2.31% | 1.22% |
| LIN | Linde plc | 1.31% | 32.2 | 23.6 | 6.5 | 1.28% | 0.83% |
| PG | The Procter & Gamble Company | 1.27% | 24.1 | 21.2 | 4.3 | 2.73% | 1.07% |
| MRK | Merck & Co., Inc. | 1.22% | 115.8 | 15.3 | 5.4 | 2.33% | 0.22% |
| MU | Micron Technology, Inc. | 1.19% | 11.8 | 7.0 | 7.5 | 0.07% | 2.05% |
| COP | ConocoPhillips | 1.08% | 19.4 | 12.7 | 2.7 | 2.29% | 1.13% |
| GS | The Goldman Sachs Group, Inc. | 1.04% | 12.7 | 12.8 | 3.6 | 2.27% | 1.68% |
| RTX | RTX Corporation | 1.00% | 34.1 | 24.6 | 2.8 | 1.51% | 0.59% |
| WFC | Wells Fargo & Company | 0.99% | 11.8 | 10.2 | 3.0 | 2.38% | 1.72% |
| VZ | Verizon Communications Inc. | 0.99% | 11.7 | 8.7 | 1.3 | 6.32% | 1.74% |
| TMO | Thermo Fisher Scientific Inc. | 0.97% | 37.1 | 24.2 | 5.5 | 0.27% | 0.53% |
| TRV | The Travelers Companies, Inc. | 0.93% | 10.5 | 10.8 | 1.7 | 1.28% | 1.81% |
| NEM | Newmont Corporation | 0.90% | 15.0 | 11.6 | 4.8 | 0.88% | 1.23% |
| MS | Morgan Stanley | 0.87% | 14.3 | 14.9 | 3.6 | 2.55% | 1.24% |
| PFE | Pfizer Inc. | 0.86% | 38.9 | 9.7 | 2.6 | 5.81% | 0.45% |
| INTC | Intel Corporation | 0.86% | — | 63.3 | 8.3 | — | −0.41% |
| EOG | EOG Resources, Inc. | 0.85% | 12.3 | 10.1 | 3.1 | 2.58% | 1.41% |
| NSC | Norfolk Southern Corporation | 0.79% | 27.9 | 22.3 | 5.9 | 1.65% | 0.58% |
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 DFLV valuation
Adding up its 325 holdings with company data, DFLV trades at 19.4 times trailing earnings and 14.0 times analysts' forward estimates, with a price-to-book ratio of 2.73 and a dividend yield of 1.76%. Its earnings yield of 5.16% is 0.17 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 24.3% of the fund and earn 24.1% of its combined profit. By sector, Real Estate is the most expensive at 29.7 times earnings and Financial Services the cheapest at 12.4. Companies that lost money over the past year are 2.5% 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 99.3% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: DFLV chart, DFLV performance, DFLV holdings, DFLV dividends.
DFLV valuation FAQ
What is the P/E ratio of DFLV?
Based on its holdings, DFLV has a trailing P/E of 19.4 and a forward P/E of 14.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of DFLV?
The trailing earnings yield is 5.16% (1 ÷ P/E) and the forward earnings yield 7.16%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is DFLV more expensive than the S&P 500?
DFLV trades at 19.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 14.0 and 19.9.
What is the price-to-book ratio of DFLV?
The holdings of DFLV trade at 2.73 times book value, with a combined return on equity of 14.1%.
Which sector in DFLV has the highest P/E?
Real Estate has the highest P/E at 29.7 and Financial Services the lowest at 12.4.