Touchstone Dividend Select ETF (DVND) Valuation
DVND valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 22.9 trailing earnings
- Forward P/E
- 16.6 analyst estimates
- Price / sales
- 2.57
- Price / book
- 3.73
- EV / EBITDA
- 14.3
- Earnings yield
- 4.37% inverse of P/E
- Dividend yield
- 2.25% of the holdings
- Return on equity
- 16.3% combined
- Net margin
- 11.2% combined
- Beta
- 0.83 weighted, vs S&P 500
DVND valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| DVND | 22.9 | 16.6 | 2.57 | 3.73 | 2.25% | 16.3% | 11.2% | 0.8% |
| 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.
DVND valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 21.7% | 31.5 | 23.4 | 8.49 | 10.27 | 1.17% | 32.6% |
| Financial Services | 13.8% | 15.8 | 13.4 | 4.66 | 2.46 | 1.99% | 15.6% |
| Healthcare | 11.8% | 34.2 | 13.9 | 1.22 | 2.69 | 2.95% | 7.9% |
| Communication Services | 9.0% | 12.4 | 12.0 | 1.85 | 2.34 | 2.88% | 18.9% |
| Consumer Defensive | 8.9% | 20.1 | 16.3 | 1.63 | 7.71 | 3.20% | 38.3% |
| Industrials | 8.7% | 27.9 | 19.9 | 2.14 | 5.01 | 1.92% | 18.0% |
| Consumer Cyclical | 7.9% | 19.1 | 17.9 | 2.85 | 15.38 | 2.21% | 80.5% |
| Basic Materials | 4.8% | 41.0 | 21.1 | 3.21 | 3.30 | 1.35% | 8.0% |
| Energy | 4.7% | 22.2 | 15.0 | 2.07 | 2.34 | 2.69% | 10.5% |
| Utilities | 3.3% | 19.9 | 16.4 | 3.14 | 1.95 | 3.45% | 9.8% |
| Real Estate | 2.4% | n/m | 21.2 | 4.58 | 1.61 | 4.90% | −3.8% |
DVND 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 DVND weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
DVND largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MSFT | Microsoft Corporation | 5.28% | 29.5 | 25.1 | 11.8 | 0.74% | 4.23% |
| AAPL | Apple Inc. | 3.17% | 39.4 | 35.2 | 10.7 | 0.31% | 1.90% |
| AVGO | Broadcom Inc. | 2.76% | 43.3 | 19.4 | 17.6 | 0.79% | 1.50% |
| XOM | Exxon Mobil Corporation | 2.57% | 23.0 | 14.8 | 2.0 | 2.30% | 2.63% |
| V | Visa Inc. | 2.57% | 34.3 | 24.0 | 17.0 | 0.67% | 1.76% |
| GOOG | Alphabet Inc. | 2.42% | 16.9 | 21.8 | 9.2 | 0.26% | 3.37% |
| META | Meta Platforms, Inc. | 2.29% | 26.7 | 22.1 | 7.9 | 0.30% | 2.02% |
| PG | The Procter & Gamble Company | 2.27% | 24.1 | 21.2 | 4.3 | 2.73% | 2.22% |
| PM | Philip Morris International Inc. | 2.22% | 29.5 | 20.9 | 7.5 | 3.12% | 1.78% |
| CVX | Chevron Corporation | 2.16% | 21.2 | 15.2 | 2.1 | 3.16% | 2.40% |
| JNJ | Johnson & Johnson | 1.91% | 38.8 | 21.0 | 6.2 | 2.10% | 1.16% |
| HD | The Home Depot, Inc. | 1.91% | 21.5 | 19.8 | 1.8 | 3.01% | 2.08% |
| BLK | BlackRock, Inc. | 1.90% | 25.8 | 16.4 | 6.5 | 2.02% | 1.73% |
| CSCO | Cisco Systems, Inc. | 1.86% | 32.2 | 19.8 | 6.7 | 1.56% | 1.36% |
| MDT | Medtronic plc | 1.77% | 23.3 | 14.9 | 3.2 | 3.04% | 1.79% |
| UNH | UnitedHealth Group Incorporated | 1.77% | 25.8 | 16.6 | 0.8 | 2.31% | 1.61% |
| AMZN | Amazon.com, Inc. | 1.76% | 20.1 | 23.6 | 3.5 | — | 2.07% |
| JPM | JPMorgan Chase & Co. | 1.72% | 14.2 | 13.5 | 4.7 | 1.94% | 2.85% |
| MRK | Merck & Co., Inc. | 1.72% | 115.8 | 15.3 | 5.4 | 2.33% | 0.35% |
| PFE | Pfizer Inc. | 1.71% | 38.9 | 9.7 | 2.6 | 5.81% | 1.04% |
| IFF | International Flavors & Fragrances Inc. | 1.71% | 89.8 | 17.7 | 2.1 | 1.76% | 0.45% |
| DUK | Duke Energy Corporation | 1.70% | 18.3 | 15.9 | 2.9 | 3.57% | 2.19% |
| WFC | Wells Fargo & Company | 1.69% | 11.8 | 10.2 | 3.0 | 2.38% | 3.37% |
| VZ | Verizon Communications Inc. | 1.65% | 11.7 | 8.7 | 1.3 | 6.32% | 3.34% |
| PEP | PepsiCo, Inc. | 1.65% | 16.5 | 14.9 | 1.8 | 4.50% | 2.35% |
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 DVND valuation
Adding up its 55 holdings with company data, DVND trades at 22.9 times trailing earnings and 16.6 times analysts' forward estimates, with a price-to-book ratio of 3.73 and a dividend yield of 2.25%. Its earnings yield of 4.37% is 0.95 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 27.7% of the fund and earn 23.8% of its combined profit. By sector, Basic Materials is the most expensive at 41.0 times earnings and Communication Services the cheapest at 12.4. Companies that lost money over the past year are 0.8% 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: DVND chart, DVND performance, DVND holdings, DVND dividends.
DVND valuation FAQ
What is the P/E ratio of DVND?
Based on its holdings, DVND has a trailing P/E of 22.9 and a forward P/E of 16.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of DVND?
The trailing earnings yield is 4.37% (1 ÷ P/E) and the forward earnings yield 6.02%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is DVND more expensive than the S&P 500?
DVND trades at 22.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 16.6 and 19.9.
What is the price-to-book ratio of DVND?
The holdings of DVND trade at 3.73 times book value, with a combined return on equity of 16.3%.
Which sector in DVND has the highest P/E?
Basic Materials has the highest P/E at 41.0 and Communication Services the lowest at 12.4.