iShares Core Dividend Growth ETF (DGRO) Valuation
DGRO valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 23.1 trailing earnings
- Forward P/E
- 16.8 analyst estimates
- Price / sales
- 2.59
- Price / book
- 4.11
- EV / EBITDA
- 15.0
- Earnings yield
- 4.32% inverse of P/E
- Dividend yield
- 2.06% of the holdings
- Return on equity
- 17.7% combined
- Net margin
- 11.2% combined
- Beta
- 0.74 weighted, vs S&P 500
DGRO valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| DGRO | 23.1 | 16.8 | 2.59 | 4.11 | 2.06% | 17.7% | 11.2% | 1.6% |
| 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.
DGRO valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 19.3% | 15.0 | 12.9 | 3.16 | 2.26 | 2.00% | 15.0% |
| Technology | 18.4% | 28.2 | 20.7 | 5.38 | 8.39 | 1.32% | 29.8% |
| Healthcare | 17.8% | 39.0 | 16.9 | 2.01 | 6.03 | 2.04% | 15.5% |
| Consumer Defensive | 12.9% | 25.3 | 19.9 | 1.91 | 6.77 | 2.72% | 26.8% |
| Industrials | 10.2% | 25.3 | 20.3 | 2.54 | 5.65 | 1.58% | 22.3% |
| Utilities | 7.1% | 20.4 | 16.6 | 3.20 | 2.06 | 3.16% | 10.1% |
| Consumer Cyclical | 6.1% | 20.5 | 17.6 | 1.83 | 11.26 | 2.55% | 54.9% |
| Energy | 5.5% | 20.1 | 12.8 | 1.98 | 2.46 | 2.25% | 12.2% |
| Basic Materials | 2.3% | 30.6 | 18.0 | 2.68 | 3.86 | 1.62% | 12.6% |
| Communication Services | 0.1% | 23.1 | 11.6 | 1.45 | 3.14 | 2.43% | 13.6% |
DGRO 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 DGRO weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
DGRO largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MSFT | Microsoft Corporation | 3.13% | 29.5 | 25.1 | 11.8 | 0.74% | 2.46% |
| ABBV | AbbVie Inc. | 3.11% | 80.6 | 16.4 | 7.8 | 2.42% | 0.89% |
| AAPL | Apple Inc. | 3.05% | 39.4 | 35.2 | 10.7 | 0.31% | 1.80% |
| XOM | Exxon Mobil Corporation | 3.05% | 23.0 | 14.8 | 2.0 | 2.30% | 3.06% |
| JNJ | Johnson & Johnson | 2.79% | 38.8 | 21.0 | 6.2 | 2.10% | 1.67% |
| JPM | JPMorgan Chase & Co. | 2.60% | 14.2 | 13.5 | 4.7 | 1.94% | 4.22% |
| PG | The Procter & Gamble Company | 2.55% | 24.1 | 21.2 | 4.3 | 2.73% | 2.46% |
| AVGO | Broadcom Inc. | 2.29% | 43.3 | 19.4 | 17.6 | 0.79% | 1.23% |
| PM | Philip Morris International Inc. | 2.24% | 29.5 | 20.9 | 7.5 | 3.12% | 1.76% |
| HD | The Home Depot, Inc. | 2.03% | 21.5 | 19.8 | 1.8 | 3.01% | 2.19% |
| UNH | UnitedHealth Group Incorporated | 1.98% | 25.8 | 16.6 | 0.8 | 2.31% | 1.78% |
| KO | The Coca-Cola Company | 1.95% | 28.2 | 25.3 | 8.1 | 2.26% | 1.60% |
| MRK | Merck & Co., Inc. | 1.75% | 115.8 | 15.3 | 5.4 | 2.33% | 0.35% |
| PEP | PepsiCo, Inc. | 1.74% | 16.5 | 14.9 | 1.8 | 4.50% | 2.44% |
| IBM | International Business Machines Corporation | 1.52% | 20.6 | 17.4 | 3.2 | 2.91% | 1.70% |
| CSCO | Cisco Systems, Inc. | 1.39% | 32.2 | 19.8 | 6.7 | 1.56% | 1.00% |
| LLY | Eli Lilly and Company | 1.35% | 42.2 | 24.4 | 14.1 | 0.55% | 0.74% |
| BAC | Bank of America Corporation | 1.27% | 12.2 | 10.8 | 3.1 | 2.50% | 2.40% |
| WFC | Wells Fargo & Company | 1.26% | 11.8 | 10.2 | 3.0 | 2.38% | 2.46% |
| ACN | Accenture plc | 1.24% | 16.9 | 12.4 | 1.9 | 2.98% | 1.70% |
| AMGN | Amgen Inc. | 1.22% | 26.9 | 16.7 | 6.1 | 2.33% | 1.06% |
| NEE | NextEra Energy, Inc. | 1.16% | 17.9 | 17.7 | 5.8 | 3.12% | 1.50% |
| V | Visa Inc. | 1.15% | 34.3 | 24.0 | 17.0 | 0.67% | 0.78% |
| WMT | Walmart Inc. | 1.12% | 43.0 | 38.0 | 1.3 | 0.83% | 0.61% |
| MCD | McDonald's Corporation | 1.11% | 19.7 | 17.1 | 6.2 | 3.18% | 1.31% |
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 DGRO valuation
Adding up its 390 holdings with company data, DGRO trades at 23.1 times trailing earnings and 16.8 times analysts' forward estimates, with a price-to-book ratio of 4.11 and a dividend yield of 2.06%. Its earnings yield of 4.32% is 1.01 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 26.8% of the fund and earn 21.7% of its combined profit. By sector, Healthcare is the most expensive at 39.0 times earnings and Financial Services the cheapest at 15.0. Companies that lost money over the past year are 1.6% 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 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: DGRO chart, DGRO performance, DGRO holdings, DGRO dividends.
DGRO valuation FAQ
What is the P/E ratio of DGRO?
Based on its holdings, DGRO has a trailing P/E of 23.1 and a forward P/E of 16.8 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of DGRO?
The trailing earnings yield is 4.32% (1 ÷ P/E) and the forward earnings yield 5.94%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is DGRO more expensive than the S&P 500?
DGRO trades at 23.1 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 16.8 and 19.9.
What is the price-to-book ratio of DGRO?
The holdings of DGRO trade at 4.11 times book value, with a combined return on equity of 17.7%.
Which sector in DGRO has the highest P/E?
Healthcare has the highest P/E at 39.0 and Financial Services the lowest at 15.0.