WisdomTree U.S. High Dividend Fund (DHS) Valuation
DHS valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 20.1 trailing earnings
- Forward P/E
- 12.5 analyst estimates
- Price / sales
- 1.61
- Price / book
- 2.35
- EV / EBITDA
- 11.1
- Earnings yield
- 4.97% inverse of P/E
- Dividend yield
- 3.71% of the holdings
- Return on equity
- 11.7% combined
- Net margin
- 8.0% combined
- Beta
- 0.66 weighted, vs S&P 500
DHS valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| DHS | 20.1 | 12.5 | 1.61 | 2.35 | 3.71% | 11.7% | 8.0% | 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.
DHS valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 22.1% | 13.2 | 10.8 | 2.19 | 1.49 | 4.05% | 11.3% |
| Healthcare | 17.1% | 41.9 | 12.5 | 1.81 | 4.52 | 3.15% | 10.8% |
| Consumer Defensive | 14.1% | 23.7 | 14.5 | 1.48 | 5.33 | 4.42% | 22.5% |
| Energy | 10.6% | 20.8 | 14.1 | 1.92 | 2.38 | 2.63% | 11.5% |
| Utilities | 8.4% | 17.7 | 15.1 | 2.42 | 1.77 | 3.70% | 10.0% |
| Communication Services | 7.9% | 9.5 | 8.3 | 1.03 | 1.40 | 5.38% | 14.9% |
| Technology | 6.9% | 67.4 | 19.3 | 3.54 | 6.78 | 2.40% | 10.1% |
| Consumer Cyclical | 5.2% | 43.1 | 10.6 | 0.55 | 2.72 | 3.73% | 6.3% |
| Industrials | 3.8% | 27.8 | 15.4 | 1.53 | 3.42 | 1.52% | 12.3% |
| Real Estate | 2.4% | 31.5 | 25.2 | 4.19 | 1.43 | 7.07% | 4.5% |
| Basic Materials | 1.0% | 83.8 | 10.7 | 0.60 | 1.51 | 4.39% | 1.8% |
| Services | 0.1% | 14.2 | 15.3 | 1.60 | 2.99 | 2.71% | 21.0% |
DHS 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 DHS weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
DHS largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| ABBV | AbbVie Inc. | 5.67% | 80.6 | 16.4 | 7.8 | 2.42% | 1.43% |
| MRK | Merck & Co., Inc. | 4.61% | 115.8 | 15.3 | 5.4 | 2.33% | 0.81% |
| XOM | Exxon Mobil Corporation | 4.28% | 23.0 | 14.8 | 2.0 | 2.30% | 3.77% |
| MO | Altria Group, Inc. | 3.77% | 15.8 | 11.9 | 6.1 | 5.91% | 4.83% |
| TXN | Texas Instruments Incorporated | 3.30% | 42.1 | 27.5 | 13.0 | 2.20% | 1.59% |
| PM | Philip Morris International Inc. | 3.29% | 29.5 | 20.9 | 7.5 | 3.12% | 2.27% |
| CVX | Chevron Corporation | 2.94% | 21.2 | 15.2 | 2.1 | 3.16% | 2.81% |
| T | AT&T Inc. | 2.68% | 7.7 | 9.9 | 1.3 | 4.74% | 7.03% |
| VZ | Verizon Communications Inc. | 2.58% | 11.7 | 8.7 | 1.3 | 6.32% | 4.48% |
| BMY | Bristol-Myers Squibb Company | 2.35% | 13.2 | 9.4 | 2.5 | 4.22% | 3.63% |
| PFE | Pfizer Inc. | 2.32% | 38.9 | 9.7 | 2.6 | 5.81% | 1.21% |
| PEP | PepsiCo, Inc. | 1.99% | 16.5 | 14.9 | 1.8 | 4.50% | 2.44% |
| DUK | Duke Energy Corporation | 1.83% | 18.3 | 15.9 | 2.9 | 3.57% | 2.03% |
| IBM | International Business Machines Corporation | 1.83% | 20.6 | 17.4 | 3.2 | 2.91% | 1.80% |
| BX | Blackstone Inc. | 1.62% | 23.9 | 15.9 | 8.2 | 4.91% | 1.38% |
| CVS | CVS Health Corporation | 1.62% | 24.3 | 10.7 | 0.3 | 2.88% | 1.35% |
| CMCSA | Comcast Corporation | 1.61% | 7.1 | 5.9 | 0.6 | 6.03% | 4.61% |
| TDG | TransDigm Group Incorporated | 1.60% | 34.6 | 23.1 | 6.3 | — | 0.94% |
| USB | U.S. Bancorp | 1.51% | 11.4 | 10.4 | 3.3 | 3.68% | 2.68% |
| MET | MetLife, Inc. | 1.26% | 19.3 | 10.5 | 0.8 | 2.35% | 1.32% |
| PNC | The PNC Financial Services Group, Inc. | 1.24% | 11.6 | 10.7 | 3.5 | 3.68% | 2.18% |
| AEP | American Electric Power Company, Inc. | 1.12% | 22.0 | 17.2 | 3.0 | 2.99% | 1.03% |
| TFC | Truist Financial Corporation | 1.08% | 10.8 | 9.6 | 3.0 | 4.47% | 2.03% |
| SO | The Southern Company | 1.08% | 22.0 | 17.0 | 3.5 | 3.33% | 1.00% |
| F | Ford Motor Company | 1.08% | — | 7.0 | 0.3 | 4.83% | −3.25% |
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 DHS valuation
Adding up its 309 holdings with company data, DHS trades at 20.1 times trailing earnings and 12.5 times analysts' forward estimates, with a price-to-book ratio of 2.35 and a dividend yield of 3.71%. Its earnings yield of 4.97% is 0.36 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 35.5% of the fund and earn 32.6% of its combined profit. By sector, Basic Materials is the most expensive at 83.8 times earnings and Communication Services the cheapest at 9.5. 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 99.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: DHS chart, DHS performance, DHS holdings, DHS dividends.
DHS valuation FAQ
What is the P/E ratio of DHS?
Based on its holdings, DHS has a trailing P/E of 20.1 and a forward P/E of 12.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of DHS?
The trailing earnings yield is 4.97% (1 ÷ P/E) and the forward earnings yield 7.98%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is DHS more expensive than the S&P 500?
DHS trades at 20.1 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 12.5 and 19.9.
What is the price-to-book ratio of DHS?
The holdings of DHS trade at 2.35 times book value, with a combined return on equity of 11.7%.
Which sector in DHS has the highest P/E?
Basic Materials has the highest P/E at 83.8 and Communication Services the lowest at 9.5.