BrandywineGLOBAL - Dynamic US Large Cap Value… (DVAL) Valuation
DVAL valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 13.0 trailing earnings
- Forward P/E
- 11.5 analyst estimates
- Price / sales
- 1.34
- Price / book
- 2.32
- EV / EBITDA
- 9.5
- Earnings yield
- 7.67% inverse of P/E
- Dividend yield
- 2.34% of the holdings
- Return on equity
- 17.8% combined
- Net margin
- 10.2% combined
- Beta
- 0.83 weighted, vs S&P 500
DVAL valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| DVAL | 13.0 | 11.5 | 1.34 | 2.32 | 2.34% | 17.8% | 10.2% | 0.6% |
| 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.
DVAL valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 30.1% | 10.4 | 9.7 | 1.93 | 1.50 | 2.42% | 14.5% |
| Technology | 14.5% | 21.8 | 20.3 | 3.61 | 6.42 | 0.78% | 29.5% |
| Healthcare | 12.0% | 14.7 | 10.5 | 0.61 | 2.44 | 1.89% | 16.6% |
| Consumer Cyclical | 9.4% | 15.6 | 14.3 | 1.33 | 3.49 | 1.00% | 22.3% |
| Industrials | 8.8% | 14.6 | 15.5 | 1.25 | 5.30 | 3.73% | 36.3% |
| Communication Services | 8.2% | 8.9 | 8.0 | 1.00 | 1.38 | 5.33% | 15.4% |
| Energy | 6.6% | 16.6 | 9.3 | 1.46 | 3.41 | 2.12% | 20.5% |
| Consumer Defensive | 5.2% | 18.9 | 16.0 | 1.09 | 4.58 | 2.11% | 24.3% |
| Basic Materials | 1.1% | 13.9 | 12.4 | 1.55 | 2.91 | 2.64% | 21.0% |
| Utilities | 1.0% | 6.0 | 8.2 | 1.11 | 1.20 | 6.11% | 20.0% |
DVAL 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 DVAL weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
DVAL largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| CSCO | Cisco Systems, Inc. | 4.01% | 32.2 | 19.8 | 6.7 | 1.56% | 1.68% |
| BAC | Bank of America Corporation | 3.67% | 12.2 | 10.8 | 3.1 | 2.50% | 4.04% |
| UPS | United Parcel Service, Inc. | 3.65% | 18.1 | 12.0 | 0.9 | 6.73% | 2.71% |
| WFC | Wells Fargo & Company | 3.55% | 11.8 | 10.2 | 3.0 | 2.38% | 4.05% |
| CI | Cigna Corporation | 3.32% | 12.5 | 8.3 | 0.3 | 2.06% | 3.58% |
| AAPL | Apple Inc. | 3.31% | 39.4 | 35.2 | 10.7 | 0.31% | 1.13% |
| GCP | General Electric Company | 3.29% | — | — | — | — | — |
| AMZN | Amazon.com, Inc. | 3.26% | 20.1 | 23.6 | 3.5 | — | 2.19% |
| VZ | Verizon Communications Inc. | 2.84% | 11.7 | 8.7 | 1.3 | 6.32% | 3.28% |
| MSFT | Microsoft Corporation | 2.62% | 29.5 | 25.1 | 11.8 | 0.74% | 1.20% |
| BMY | Bristol-Myers Squibb Company | 2.60% | 13.2 | 9.4 | 2.5 | 4.22% | 2.66% |
| ELV | Elevance Health Inc. | 2.56% | 19.0 | 13.7 | 0.5 | 1.61% | 1.82% |
| CMCSA | Comcast Corporation | 2.37% | 7.1 | 5.9 | 0.6 | 6.03% | 4.51% |
| T | AT&T Inc. | 2.31% | 7.7 | 9.9 | 1.3 | 4.74% | 4.03% |
| HON | Honeywell International Inc. | 2.18% | 7.8 | 22.2 | 1.8 | 1.32% | 3.77% |
| PG | The Procter & Gamble Company | 2.04% | 24.1 | 21.2 | 4.3 | 2.73% | 1.14% |
| TFC | Truist Financial Corporation | 1.85% | 10.8 | 9.6 | 3.0 | 4.47% | 2.30% |
| SYF | Synchrony Financial | 1.65% | 7.5 | 6.7 | 2.4 | 1.85% | 2.96% |
| TROW | T. Rowe Price Group, Inc. | 1.64% | 10.1 | 10.2 | 2.8 | 5.15% | 2.19% |
| ZM | Zoom Video Communications, Inc. | 1.64% | 8.7 | 15.1 | 5.5 | — | 2.53% |
| MPC | Marathon Petroleum Corporation | 1.59% | 16.6 | 5.5 | 0.9 | 0.84% | 1.29% |
| EOG | EOG Resources, Inc. | 1.55% | 12.3 | 10.1 | 3.1 | 2.58% | 1.70% |
| NTRS | Northern Trust Corporation | 1.51% | 14.2 | 13.8 | 3.3 | 1.98% | 1.43% |
| USB | U.S. Bancorp | 1.44% | 11.4 | 10.4 | 3.3 | 3.68% | 1.70% |
| AIG | American International Group, Inc. | 1.42% | 14.8 | 8.5 | 1.6 | 2.48% | 1.29% |
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 DVAL valuation
Adding up its 96 holdings with company data, DVAL trades at 13.0 times trailing earnings and 11.5 times analysts' forward estimates, with a price-to-book ratio of 2.32 and a dividend yield of 2.34%. Its earnings yield of 7.67% is 2.34 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 33.5% of the fund and earn 26.5% of its combined profit. By sector, Technology is the most expensive at 21.8 times earnings and Utilities the cheapest at 6.0. Companies that lost money over the past year are 0.6% 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 96.7% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: DVAL chart, DVAL performance, DVAL holdings, DVAL dividends.
DVAL valuation FAQ
What is the P/E ratio of DVAL?
Based on its holdings, DVAL has a trailing P/E of 13.0 and a forward P/E of 11.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of DVAL?
The trailing earnings yield is 7.67% (1 ÷ P/E) and the forward earnings yield 8.72%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is DVAL more expensive than the S&P 500?
DVAL trades at 13.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 11.5 and 19.9.
What is the price-to-book ratio of DVAL?
The holdings of DVAL trade at 2.32 times book value, with a combined return on equity of 17.8%.
Which sector in DVAL has the highest P/E?
Technology has the highest P/E at 21.8 and Utilities the lowest at 6.0.