Polen Dividend Income ETF (DIVZ) Valuation
DIVZ valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 24.6 trailing earnings
- Forward P/E
- 16.5 analyst estimates
- Price / sales
- 2.96
- Price / book
- 4.60
- EV / EBITDA
- 13.3
- Earnings yield
- 4.06% inverse of P/E
- Dividend yield
- 3.07% of the holdings
- Return on equity
- 18.7% combined
- Net margin
- 12.0% combined
- Beta
- 0.70 weighted, vs S&P 500
DIVZ valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| DIVZ | 24.6 | 16.5 | 2.96 | 4.60 | 3.07% | 18.7% | 12.0% | 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.
DIVZ valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Energy | 17.3% | 16.8 | 13.7 | 2.71 | 2.79 | 4.68% | 16.6% |
| Healthcare | 16.8% | 36.3 | 17.7 | 1.87 | 5.53 | 2.29% | 15.2% |
| Technology | 16.4% | 29.6 | 21.8 | 6.13 | 8.60 | 1.32% | 29.1% |
| Utilities | 12.6% | 60.5 | 17.6 | 2.68 | 3.01 | 3.43% | 5.0% |
| Consumer Defensive | 11.1% | 21.6 | 15.8 | 6.87 | 58.35 | 4.30% | 270.0% |
| Communication Services | 8.6% | 14.6 | 12.3 | 2.15 | 2.98 | 3.21% | 20.4% |
| Industrials | 7.7% | 24.3 | 17.7 | 2.03 | 5.19 | 3.14% | 21.4% |
| Financial Services | 7.1% | 20.3 | 17.1 | 7.72 | 4.11 | 2.91% | 20.2% |
DIVZ 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 DIVZ weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
DIVZ largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| PM | Philip Morris International Inc. | 6.40% | 29.5 | 20.9 | 7.5 | 3.12% | 5.63% |
| MPLX | MPLX LP | 5.83% | 12.5 | 12.2 | 4.9 | 7.40% | 12.09% |
| UNH | UnitedHealth Group Incorporated | 5.72% | 25.8 | 16.6 | 0.8 | 2.31% | 5.75% |
| CVX | Chevron Corporation | 5.36% | 21.2 | 15.2 | 2.1 | 3.16% | 6.55% |
| JNJ | Johnson & Johnson | 4.95% | 38.8 | 21.0 | 6.2 | 2.10% | 3.31% |
| MO | Altria Group, Inc. | 4.66% | 15.8 | 11.9 | 6.1 | 5.91% | 7.65% |
| NEE | NextEra Energy, Inc. | 4.44% | 17.9 | 17.7 | 5.8 | 3.12% | 6.42% |
| MSFT | Microsoft Corporation | 4.12% | 29.5 | 25.1 | 11.8 | 0.74% | 3.63% |
| ABBV | AbbVie Inc. | 3.93% | 80.6 | 16.4 | 7.8 | 2.42% | 1.26% |
| BIPC | Brookfield Infrastructure Corporation | 3.48% | — | — | 1.3 | 4.82% | −6.86% |
| XOM | Exxon Mobil Corporation | 3.24% | 23.0 | 14.8 | 2.0 | 2.30% | 3.65% |
| CME | CME Group Inc. | 3.22% | 24.9 | 21.9 | 15.6 | 1.77% | 3.35% |
| QCOM | QUALCOMM Incorporated | 3.07% | 19.9 | 19.6 | 4.2 | 2.14% | 4.01% |
| VZ | Verizon Communications Inc. | 2.96% | 11.7 | 8.7 | 1.3 | 6.32% | 6.58% |
| RTX | RTX Corporation | 2.91% | 34.1 | 24.6 | 2.8 | 1.51% | 2.21% |
| GOOGL | Alphabet Inc. | 2.87% | 17.1 | 22.8 | 9.3 | 0.26% | 4.36% |
| ENB | Enbridge Inc | 2.84% | — | — | — | — | — |
| CSCO | Cisco Systems, Inc. | 2.82% | 32.2 | 19.8 | 6.7 | 1.56% | 2.27% |
| TMUS | T-Mobile US, Inc. | 2.73% | 16.6 | 11.7 | 1.9 | 2.94% | 4.27% |
| AVGO | Broadcom Inc. | 2.67% | 43.3 | 19.4 | 17.6 | 0.79% | 1.60% |
| UNP | Union Pacific Corporation | 2.62% | 23.4 | 19.3 | 6.8 | 1.97% | 2.90% |
| ATO | Atmos Energy Corporation | 2.38% | 19.9 | 17.6 | 5.7 | 2.39% | 3.09% |
| AEP | American Electric Power Company, Inc. | 2.35% | 22.0 | 17.2 | 3.0 | 2.99% | 2.77% |
| BX | Blackstone Inc. | 2.32% | 23.9 | 15.9 | 8.2 | 4.91% | 2.52% |
| ABT | Abbott Laboratories | 2.23% | 33.8 | 17.1 | 3.9 | 2.40% | 1.71% |
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 DIVZ valuation
Adding up its 28 holdings with company data, DIVZ trades at 24.6 times trailing earnings and 16.5 times analysts' forward estimates, with a price-to-book ratio of 4.60 and a dividend yield of 3.07%. Its earnings yield of 4.06% is 1.26 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 48.9% of the fund and earn 45.5% of its combined profit. By sector, Utilities is the most expensive at 60.5 times earnings and Communication Services the cheapest at 14.6. 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 97.1% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: DIVZ chart, DIVZ performance, DIVZ holdings, DIVZ dividends.
DIVZ valuation FAQ
What is the P/E ratio of DIVZ?
Based on its holdings, DIVZ has a trailing P/E of 24.6 and a forward P/E of 16.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of DIVZ?
The trailing earnings yield is 4.06% (1 ÷ P/E) and the forward earnings yield 6.05%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is DIVZ more expensive than the S&P 500?
DIVZ trades at 24.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 16.5 and 19.9.
What is the price-to-book ratio of DIVZ?
The holdings of DIVZ trade at 4.60 times book value, with a combined return on equity of 18.7%.
Which sector in DIVZ has the highest P/E?
Utilities has the highest P/E at 60.5 and Communication Services the lowest at 14.6.