Global X Dow 30 Covered Call ETF (DJIA) Valuation
DJIA valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 20.9 trailing earnings
- Forward P/E
- 18.3 analyst estimates
- Price / sales
- 3.16
- Price / book
- 5.49
- EV / EBITDA
- 15.7
- Earnings yield
- 4.78% inverse of P/E
- Dividend yield
- 1.54% of the holdings
- Return on equity
- 26.3% combined
- Net margin
- 15.1% combined
- Beta
- 0.97 weighted, vs S&P 500
DJIA valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| DJIA | 20.9 | 18.3 | 3.16 | 5.49 | 1.54% | 26.3% | 15.1% | 0.0% |
| 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.
DJIA valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 27.7% | 14.6 | 13.9 | 3.41 | 3.15 | 1.62% | 21.5% |
| Technology | 19.5% | 27.5 | 21.9 | 7.01 | 9.21 | 1.01% | 33.5% |
| Healthcare | 14.8% | 31.2 | 17.2 | 1.95 | 6.51 | 2.28% | 20.8% |
| Industrials | 14.4% | 22.0 | 25.2 | 2.86 | 11.84 | 0.96% | 53.9% |
| Consumer Cyclical | 9.8% | 20.4 | 19.9 | 2.70 | 10.39 | 2.22% | 51.0% |
| Communication Services | 5.1% | 18.2 | 19.7 | 4.83 | 3.85 | 0.53% | 21.2% |
| Consumer Defensive | 4.4% | 29.3 | 26.0 | 2.62 | 7.95 | 2.00% | 27.1% |
| Basic Materials | 4.1% | 30.9 | 23.8 | 3.33 | 20.56 | 0.95% | 66.5% |
| Energy | 2.6% | 21.2 | 15.2 | 2.11 | 2.12 | 3.16% | 10.0% |
DJIA 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 DJIA weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
DJIA largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| GS | The Goldman Sachs Group, Inc. | 10.32% | 12.7 | 12.8 | 3.6 | 2.27% | 16.66% |
| CAT | Caterpillar Inc. | 7.96% | 31.5 | 25.4 | 4.5 | 0.89% | 5.18% |
| MSFT | Microsoft Corporation | 6.24% | 29.5 | 25.1 | 11.8 | 0.74% | 4.33% |
| AMGN | Amgen Inc. | 5.29% | 26.9 | 16.7 | 6.1 | 2.33% | 4.03% |
| V | Visa Inc. | 4.95% | 34.3 | 24.0 | 17.0 | 0.67% | 2.96% |
| TRV | The Travelers Companies, Inc. | 4.88% | 10.5 | 10.8 | 1.7 | 1.28% | 9.53% |
| UNH | UnitedHealth Group Incorporated | 4.76% | 25.8 | 16.6 | 0.8 | 2.31% | 3.77% |
| SHW | The Sherwin-Williams Company | 4.08% | 30.9 | 23.8 | 3.3 | 0.95% | 2.70% |
| JPM | JPMorgan Chase & Co. | 3.92% | 14.2 | 13.5 | 4.7 | 1.94% | 5.62% |
| AAPL | Apple Inc. | 3.85% | 39.4 | 35.2 | 10.7 | 0.31% | 2.00% |
| GOOGL | Alphabet Inc. | 3.84% | 17.1 | 22.8 | 9.3 | 0.26% | 4.60% |
| AXP | American Express Company | 3.60% | 19.0 | 15.1 | 3.0 | 1.21% | 3.87% |
| HD | The Home Depot, Inc. | 3.58% | 21.5 | 19.8 | 1.8 | 3.01% | 3.39% |
| JNJ | Johnson & Johnson | 3.03% | 38.8 | 21.0 | 6.2 | 2.10% | 1.60% |
| IBM | International Business Machines Corporation | 3.00% | 20.6 | 17.4 | 3.2 | 2.91% | 2.97% |
| AMZN | Amazon.com, Inc. | 2.93% | 20.1 | 23.6 | 3.5 | — | 2.98% |
| MCD | McDonald's Corporation | 2.84% | 19.7 | 17.1 | 6.2 | 3.18% | 2.94% |
| CRM | Salesforce, Inc. | 2.82% | 22.0 | 14.0 | 4.5 | 0.73% | 2.62% |
| CVX | Chevron Corporation | 2.58% | 21.2 | 15.2 | 2.1 | 3.16% | 2.49% |
| HON | Honeywell International Inc. | 2.39% | 7.8 | 22.2 | 1.8 | 1.32% | 6.26% |
| NVDA | NVIDIA Corporation | 2.34% | 27.1 | 24.9 | 17.1 | 0.47% | 1.77% |
| BA | The Boeing Company | 2.14% | 67.9 | 49.5 | 1.6 | — | 0.65% |
| MMM | 3M Company | 1.94% | 29.3 | 17.8 | 3.4 | 1.89% | 1.36% |
| PG | The Procter & Gamble Company | 1.87% | 24.1 | 21.2 | 4.3 | 2.73% | 1.59% |
| MRK | Merck & Co., Inc. | 1.73% | 115.8 | 15.3 | 5.4 | 2.33% | 0.31% |
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 DJIA valuation
Adding up its 30 holdings with company data, DJIA trades at 20.9 times trailing earnings and 18.3 times analysts' forward estimates, with a price-to-book ratio of 5.49 and a dividend yield of 1.54%. Its earnings yield of 4.78% is 0.55 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 56.2% of the fund and earn 56.8% of its combined profit. By sector, Healthcare is the most expensive at 31.2 times earnings and Financial Services the cheapest at 14.6. Companies that lost money over the past year are 0.0% 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: DJIA chart, DJIA performance, DJIA holdings, DJIA dividends.
DJIA valuation FAQ
What is the P/E ratio of DJIA?
Based on its holdings, DJIA has a trailing P/E of 20.9 and a forward P/E of 18.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of DJIA?
The trailing earnings yield is 4.78% (1 ÷ P/E) and the forward earnings yield 5.45%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is DJIA more expensive than the S&P 500?
DJIA trades at 20.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 18.3 and 19.9.
What is the price-to-book ratio of DJIA?
The holdings of DJIA trade at 5.49 times book value, with a combined return on equity of 26.3%.
Which sector in DJIA has the highest P/E?
Healthcare has the highest P/E at 31.2 and Financial Services the lowest at 14.6.