First Trust RBA Deglobalization ETF (DGLO) Valuation
DGLO valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 23.0 trailing earnings
- Forward P/E
- 15.3 analyst estimates
- Price / sales
- 1.59
- Price / book
- 2.58
- EV / EBITDA
- 10.3
- Earnings yield
- 4.35% inverse of P/E
- Dividend yield
- 1.35% of the holdings
- Return on equity
- 11.2% combined
- Net margin
- 6.9% combined
- Beta
- 0.81 weighted, vs S&P 500
DGLO valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| DGLO | 23.0 | 15.3 | 1.59 | 2.58 | 1.35% | 11.2% | 6.9% | 5.7% |
| 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.
DGLO valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Industrials | 66.6% | 26.7 | 18.8 | 1.69 | 3.45 | 1.13% | 12.9% |
| Energy | 19.7% | 14.9 | 9.7 | 1.60 | 1.53 | 2.01% | 10.3% |
| Basic Materials | 5.8% | 25.1 | 11.7 | 0.96 | 1.78 | 1.24% | 7.1% |
| Consumer Cyclical | 4.1% | 31.0 | 18.9 | 1.60 | 3.40 | 2.15% | 11.0% |
| Technology | 1.6% | 21.6 | 11.4 | 1.48 | 1.39 | 0.92% | 6.4% |
DGLO 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 DGLO weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
DGLO largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NOC | Northrop Grumman Corporation | 3.46% | 16.5 | 17.0 | 1.7 | 1.90% | 5.18% |
| GD | General Dynamics Corporation | 3.10% | 21.0 | 18.5 | 1.7 | 1.85% | 3.65% |
| RSG | Republic Services, Inc. | 2.76% | 32.8 | 26.3 | 4.2 | 1.16% | 2.07% |
| HII | Huntington Ingalls Industries, Inc. | 2.49% | 16.2 | 12.6 | 0.8 | 2.03% | 3.80% |
| 2VZ | LEONARDO DRS INC. DL-01 | 2.30% | — | — | — | — | — |
| RTX | RTX Corporation | 2.00% | 34.1 | 24.6 | 2.8 | 1.51% | 1.45% |
| CSX | CSX Corporation | 1.98% | 28.3 | 21.2 | 6.2 | 1.15% | 1.73% |
| UNP | Union Pacific Corporation | 1.97% | 23.4 | 19.3 | 6.8 | 1.97% | 2.08% |
| EOG | EOG Resources, Inc. | 1.82% | 12.3 | 10.1 | 3.1 | 2.58% | 3.66% |
| COP | ConocoPhillips | 1.76% | 19.4 | 12.7 | 2.7 | 2.29% | 2.24% |
| ZWS | Zurn Elkay Water Solutions Corporation | 1.74% | 29.2 | 22.9 | 4.4 | 0.94% | 1.47% |
| PKG | Packaging Corporation of America | 1.72% | 30.7 | 18.7 | 2.2 | 2.54% | 1.38% |
| AWI | Armstrong World Industries, Inc. | 1.62% | 23.0 | 17.1 | 4.2 | 0.81% | 1.74% |
| PKE | Park Aerospace Corp. | 1.52% | 37.1 | 17.1 | 7.1 | 1.90% | 1.01% |
| CDRE | Cadre Holdings, Inc. | 1.50% | 32.6 | 18.1 | 1.6 | 1.50% | 1.14% |
| GCP | General Electric Company | 1.29% | — | — | — | — | — |
| LHX | L3Harris Technologies, Inc. | 1.28% | 25.1 | 17.9 | 2.0 | 2.01% | 1.26% |
| R | Ryder System, Inc. | 1.24% | 19.4 | 23.1 | 0.7 | 1.69% | 1.58% |
| LMT | Lockheed Martin Corporation | 1.23% | 20.3 | 16.2 | 1.7 | 2.61% | 1.49% |
| MWA | Mueller Water Products, Inc. | 1.22% | 15.3 | 13.8 | 2.3 | 1.29% | 1.96% |
| UFPI | UFP Industries, Inc. | 1.21% | 17.9 | 7.4 | 0.7 | 1.84% | 1.67% |
| TTC | The Toro Company | 1.17% | 26.9 | 17.0 | 2.0 | 1.55% | 1.08% |
| CLH | Clean Harbors, Inc. | 1.14% | 38.8 | 34.5 | 2.7 | — | 0.73% |
| FANG | Diamondback Energy, Inc. | 1.06% | 38.8 | 10.0 | 3.5 | 2.16% | 0.68% |
| MRTN | Marten Transport, Ltd. | 1.02% | 85.6 | 17.6 | 1.2 | 1.87% | 0.29% |
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 DGLO valuation
Adding up its 108 holdings with company data, DGLO trades at 23.0 times trailing earnings and 15.3 times analysts' forward estimates, with a price-to-book ratio of 2.58 and a dividend yield of 1.35%. Its earnings yield of 4.35% is 0.98 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 23.6% of the fund and earn 27.3% of its combined profit. By sector, Consumer Cyclical is the most expensive at 31.0 times earnings and Energy the cheapest at 14.9. Companies that lost money over the past year are 5.7% 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 92.7% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: DGLO chart, DGLO performance, DGLO holdings, DGLO dividends.
DGLO valuation FAQ
What is the P/E ratio of DGLO?
Based on its holdings, DGLO has a trailing P/E of 23.0 and a forward P/E of 15.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of DGLO?
The trailing earnings yield is 4.35% (1 ÷ P/E) and the forward earnings yield 6.55%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is DGLO more expensive than the S&P 500?
DGLO trades at 23.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 15.3 and 19.9.
What is the price-to-book ratio of DGLO?
The holdings of DGLO trade at 2.58 times book value, with a combined return on equity of 11.2%.
Which sector in DGLO has the highest P/E?
Consumer Cyclical has the highest P/E at 31.0 and Energy the lowest at 14.9.