WisdomTree U.S. LargeCap Dividend Fund (DLN) Valuation

NYSE Arca: DLNP/E, earnings yield and other ratios of the holdings combined.

DLN valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 22.3
Forward P/E: 16.4
Price / sales: 2.71
Price / book: 3.94
EV / EBITDA: 14.2
Earnings yield: 4.49%
Dividend yield: 2.09%
Return on equity: 17.7%
Net margin: 12.2%
Beta: 0.85

DLN valuation vs other stock ETFs

P/E (TTM)Forward P/E

DLN valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
DLN	22.3	16.4	2.71	3.94	2.09%	17.7%	12.2%	1.4%
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.

DLN valuation by sector

P/E (TTM)Forward P/E

DLN valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	21.0%	29.2	22.2	8.38	11.24	0.91%	38.5%
Financial Services	17.0%	14.4	12.7	3.16	2.20	2.21%	15.3%
Healthcare	14.3%	37.8	15.5	1.86	5.58	2.34%	14.8%
Consumer Defensive	9.1%	26.8	19.0	1.90	7.08	3.01%	26.4%
Energy	9.1%	19.8	13.0	1.90	2.49	2.39%	12.6%
Communication Services	7.4%	14.4	13.9	2.44	2.94	2.18%	20.5%
Industrials	6.9%	24.9	20.2	2.59	5.90	1.43%	23.7%
Utilities	5.2%	18.9	15.7	2.80	1.95	3.34%	10.3%
Consumer Cyclical	4.4%	31.2	16.8	1.47	8.31	2.52%	26.7%
Real Estate	3.7%	33.5	36.4	9.38	3.89	3.40%	11.6%
Basic Materials	0.9%	21.3	14.9	2.91	4.15	1.12%	19.4%

DLN earnings yield vs bond yields

DLN earnings yield (forward)

6.09%

DLN earnings yield (trailing)

4.49%

DLN dividend yield

2.09%

Bond market yield (AGG)

5.33%

T-bill yield (BIL)

3.91%

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 DLN weight splits by P/E

Share of the covered weight in companies with a trailing P/E in each range.

DLN largest holdings: valuation

DLN largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
MSFT	Microsoft Corporation	4.85%	29.5	25.1	11.8	0.74%	3.72%
NVDA	NVIDIA Corporation	3.82%	27.1	24.9	17.1	0.47%	3.19%
JPM	JPMorgan Chase & Co.	2.87%	14.2	13.5	4.7	1.94%	4.55%
AAPL	Apple Inc.	2.52%	39.4	35.2	10.7	0.31%	1.44%
XOM	Exxon Mobil Corporation	2.38%	23.0	14.8	2.0	2.30%	2.33%
CVX	Chevron Corporation	2.10%	21.2	15.2	2.1	3.16%	2.23%
JNJ	Johnson & Johnson	2.00%	38.8	21.0	6.2	2.10%	1.17%
META	Meta Platforms, Inc.	1.91%	26.7	22.1	7.9	0.30%	1.62%
ABBV	AbbVie Inc.	1.91%	80.6	16.4	7.8	2.42%	0.54%
AVGO	Broadcom Inc.	1.74%	43.3	19.4	17.6	0.79%	0.91%
MRK	Merck & Co., Inc.	1.53%	115.8	15.3	5.4	2.33%	0.30%
PM	Philip Morris International Inc.	1.46%	29.5	20.9	7.5	3.12%	1.12%
KO	The Coca-Cola Company	1.43%	28.2	25.3	8.1	2.26%	1.14%
PG	The Procter & Gamble Company	1.39%	24.1	21.2	4.3	2.73%	1.30%
LLY	Eli Lilly and Company	1.34%	42.2	24.4	14.1	0.55%	0.72%
MS	Morgan Stanley	1.25%	14.3	14.9	3.6	2.55%	1.98%
AMGN	Amgen Inc.	1.24%	26.9	16.7	6.1	2.33%	1.04%
GOOGL	Alphabet Inc.	1.24%	17.1	22.8	9.3	0.26%	1.64%
UNH	UnitedHealth Group Incorporated	1.20%	25.8	16.6	0.8	2.31%	1.05%
GOOG	Alphabet Inc.	1.20%	16.9	21.8	9.2	0.26%	1.60%
CSCO	Cisco Systems, Inc.	1.07%	32.2	19.8	6.7	1.56%	0.75%
TXN	Texas Instruments Incorporated	1.06%	42.1	27.5	13.0	2.20%	0.57%
VZ	Verizon Communications Inc.	1.05%	11.7	8.7	1.3	6.32%	2.03%
V	Visa Inc.	1.04%	34.3	24.0	17.0	0.67%	0.69%
HD	The Home Depot, Inc.	1.03%	21.5	19.8	1.8	3.01%	1.08%

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 DLN valuation

Adding up its 303 holdings with company data, DLN trades at 22.3 times trailing earnings and 16.4 times analysts' forward estimates, with a price-to-book ratio of 3.94 and a dividend yield of 2.09%. Its earnings yield of 4.49% is 0.84 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 26.1% of the fund and earn 21.7% of its combined profit. By sector, Healthcare is the most expensive at 37.8 times earnings and Communication Services the cheapest at 14.4. Companies that lost money over the past year are 1.4% 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 99.3% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

DLN valuation FAQ

What is the P/E ratio of DLN?

Based on its holdings, DLN has a trailing P/E of 22.3 and a forward P/E of 16.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of DLN?

The trailing earnings yield is 4.49% (1 ÷ P/E) and the forward earnings yield 6.09%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is DLN more expensive than the S&P 500?

DLN trades at 22.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 16.4 and 19.9.

What is the price-to-book ratio of DLN?

The holdings of DLN trade at 3.94 times book value, with a combined return on equity of 17.7%.

Which sector in DLN has the highest P/E?

Healthcare has the highest P/E at 37.8 and Communication Services the lowest at 14.4.