Invesco S&P 500 High Dividend Growers ETF (DIVG) Valuation
DIVG valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 17.5 trailing earnings
- Forward P/E
- 13.6 analyst estimates
- Price / sales
- 2.31
- Price / book
- 2.31
- EV / EBITDA
- 12.7
- Earnings yield
- 5.72% inverse of P/E
- Dividend yield
- 3.47% of the holdings
- Return on equity
- 13.2% combined
- Net margin
- 13.2% combined
- Beta
- 0.76 weighted, vs S&P 500
DIVG valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| DIVG | 17.5 | 13.6 | 2.31 | 2.31 | 3.47% | 13.2% | 13.2% | 2.6% |
| 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.
DIVG valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 24.2% | 12.8 | 10.8 | 2.30 | 1.58 | 3.15% | 12.3% |
| Utilities | 16.7% | 16.2 | 14.3 | 2.35 | 2.00 | 3.51% | 12.3% |
| Real Estate | 13.2% | 20.5 | 20.1 | 6.85 | 1.90 | 4.71% | 9.3% |
| Consumer Defensive | 11.3% | 26.2 | 13.3 | 1.25 | 4.17 | 4.94% | 16.0% |
| Technology | 9.7% | 21.3 | 15.6 | 3.29 | 5.16 | 2.45% | 24.3% |
| Consumer Cyclical | 5.8% | 20.0 | 17.5 | 1.48 | 3.26 | 2.26% | 16.3% |
| Energy | 5.4% | 17.4 | 12.4 | 3.19 | 2.08 | 2.41% | 12.0% |
| Industrials | 4.0% | 24.0 | 19.1 | 2.95 | 6.52 | 2.34% | 27.1% |
| Healthcare | 3.6% | 24.2 | 14.9 | 4.66 | 8.64 | 2.47% | 35.7% |
| Communication Services | 3.5% | 20.1 | 8.1 | 1.18 | 1.97 | 5.28% | 9.8% |
| Basic Materials | 1.0% | 12.0 | 14.8 | 2.64 | 5.00 | 1.62% | 41.7% |
DIVG 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 DIVG weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
DIVG largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| GIS | General Mills, Inc. | 2.58% | — | 11.5 | 1.0 | 7.36% | −2.27% |
| VICI | VICI Properties Inc. | 2.58% | 9.2 | 7.8 | 6.3 | 7.80% | 5.00% |
| MO | Altria Group, Inc. | 2.27% | 15.8 | 11.9 | 6.1 | 5.91% | 2.55% |
| VZ | Verizon Communications Inc. | 1.92% | 11.7 | 8.7 | 1.3 | 6.32% | 2.93% |
| PAYX | Paychex, Inc. | 1.72% | 22.1 | 17.5 | 6.0 | 4.26% | 1.38% |
| KIM | Kimco Realty Corporation | 1.64% | 27.0 | 27.5 | 7.0 | 4.89% | 1.08% |
| ES | Eversource Energy | 1.63% | 17.3 | 13.3 | 1.8 | 4.71% | 1.68% |
| PEP | PepsiCo, Inc. | 1.62% | 16.5 | 14.9 | 1.8 | 4.50% | 1.75% |
| INVH | Invitation Homes Inc. | 1.61% | 24.8 | 30.4 | 5.6 | 4.43% | 1.16% |
| AES | The AES Corporation | 1.59% | 5.6 | 6.6 | 0.8 | 4.71% | 5.06% |
| PRU | Prudential Financial, Inc. | 1.56% | 10.5 | 9.8 | 0.6 | 4.83% | 2.65% |
| MKC | McCormick & Company, Incorporated | 1.56% | 8.4 | 14.3 | 1.6 | 4.14% | 3.31% |
| OMC | Omnicom Group Inc. | 1.53% | 212.0 | 7.4 | 1.0 | 3.97% | 0.13% |
| ARES | Ares Management Corporation | 1.51% | 51.7 | 17.0 | 7.1 | 4.81% | 0.52% |
| TFC | Truist Financial Corporation | 1.51% | 10.8 | 9.6 | 3.0 | 4.47% | 2.48% |
| CPT | Camden Property Trust | 1.47% | 32.5 | 62.5 | 7.2 | 4.30% | 0.81% |
| KEY | KeyCorp | 1.44% | 11.6 | 9.9 | 2.9 | 4.10% | 2.20% |
| REG | Regency Centers Corporation | 1.43% | 24.7 | 28.9 | 8.1 | 4.12% | 1.03% |
| RF | Regions Financial Corporation | 1.41% | 11.2 | 9.4 | 3.2 | 4.39% | 2.24% |
| ACN | Accenture plc | 1.39% | 16.9 | 12.4 | 1.9 | 2.98% | 1.46% |
| FE | FirstEnergy Corp. | 1.37% | 24.6 | 14.7 | 1.7 | 4.03% | 0.99% |
| BF.B | Brown-Forman Corporation | 1.34% | 18.6 | 15.6 | 3.4 | 3.20% | 1.28% |
| HBAN | Huntington Bancshares Incorporated | 1.33% | 11.7 | 8.6 | 3.4 | 4.06% | 2.02% |
| ESS | Essex Property Trust, Inc. | 1.29% | 41.9 | 43.9 | 9.4 | 3.85% | 0.55% |
| PEG | Public Service Enterprise Group Incorporated | 1.28% | 17.8 | 15.0 | 2.8 | 3.75% | 1.28% |
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 DIVG valuation
Adding up its 98 holdings with company data, DIVG trades at 17.5 times trailing earnings and 13.6 times analysts' forward estimates, with a price-to-book ratio of 2.31 and a dividend yield of 3.47%. Its earnings yield of 5.72% is 0.39 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 19.2% of the fund and earn 20.3% of its combined profit. By sector, Consumer Defensive is the most expensive at 26.2 times earnings and Basic Materials the cheapest at 12.0. Companies that lost money over the past year are 2.6% 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 99.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: DIVG chart, DIVG performance, DIVG holdings, DIVG dividends.
DIVG valuation FAQ
What is the P/E ratio of DIVG?
Based on its holdings, DIVG has a trailing P/E of 17.5 and a forward P/E of 13.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of DIVG?
The trailing earnings yield is 5.72% (1 ÷ P/E) and the forward earnings yield 7.38%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is DIVG more expensive than the S&P 500?
DIVG trades at 17.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 13.6 and 19.9.
What is the price-to-book ratio of DIVG?
The holdings of DIVG trade at 2.31 times book value, with a combined return on equity of 13.2%.
Which sector in DIVG has the highest P/E?
Consumer Defensive has the highest P/E at 26.2 and Basic Materials the lowest at 12.0.