Invesco Diversified Dividend Op (DVVY) Valuation
DVVY valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 23.5 trailing earnings
- Forward P/E
- 18.1 analyst estimates
- Price / sales
- 2.62
- Price / book
- 3.79
- EV / EBITDA
- 14.8
- Earnings yield
- 4.26% inverse of P/E
- Dividend yield
- 1.94% of the holdings
- Return on equity
- 16.1% combined
- Net margin
- 11.2% combined
- Beta
- 0.79 weighted, vs S&P 500
DVVY valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| DVVY | 23.5 | 18.1 | 2.62 | 3.79 | 1.94% | 16.1% | 11.2% | 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.
DVVY valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 17.1% | 31.2 | 24.1 | 9.30 | 10.81 | 1.06% | 34.6% |
| Financial Services | 14.9% | 15.6 | 13.5 | 3.83 | 2.35 | 1.88% | 15.0% |
| Healthcare | 14.0% | 35.2 | 16.7 | 0.99 | 3.33 | 1.90% | 9.5% |
| Industrials | 10.7% | 29.9 | 22.8 | 3.21 | 4.91 | 1.32% | 16.4% |
| Consumer Defensive | 10.3% | 27.0 | 21.3 | 2.56 | 8.10 | 2.69% | 30.0% |
| Energy | 7.8% | 19.6 | 14.6 | 2.72 | 2.35 | 2.73% | 12.0% |
| Communication Services | 7.3% | 15.6 | 14.3 | 2.46 | 2.55 | 2.07% | 16.4% |
| Utilities | 5.6% | 22.6 | 17.5 | 3.58 | 1.98 | 2.72% | 8.7% |
| Consumer Cyclical | 4.6% | 21.3 | 19.7 | 2.21 | 51.63 | 1.82% | 242.9% |
| Real Estate | 3.4% | 26.5 | 26.6 | 9.50 | 4.49 | 3.64% | 17.0% |
| Basic Materials | 3.1% | 32.2 | 23.6 | 6.48 | 5.48 | 1.28% | 17.0% |
DVVY 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 DVVY weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
DVVY largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MSFT | Microsoft Corporation | 6.77% | 29.5 | 25.1 | 11.8 | 0.74% | 5.51% |
| JPM | JPMorgan Chase & Co. | 3.87% | 14.2 | 13.5 | 4.7 | 1.94% | 6.52% |
| CVX | Chevron Corporation | 2.37% | 21.2 | 15.2 | 2.1 | 3.16% | 2.68% |
| PM | Philip Morris International Inc. | 2.34% | 29.5 | 20.9 | 7.5 | 3.12% | 1.91% |
| LIN | Linde plc | 2.33% | 32.2 | 23.6 | 6.5 | 1.28% | 1.74% |
| AAPL | Apple Inc. | 2.19% | 39.4 | 35.2 | 10.7 | 0.31% | 1.33% |
| PG | The Procter & Gamble Company | 2.19% | 24.1 | 21.2 | 4.3 | 2.73% | 2.18% |
| CME | CME Group Inc. | 2.09% | 24.9 | 21.9 | 15.6 | 1.77% | 2.02% |
| CSCO | Cisco Systems, Inc. | 2.05% | 32.2 | 19.8 | 6.7 | 1.56% | 1.52% |
| ETR | Entergy Corporation | 2.01% | 26.9 | 19.6 | 3.7 | 2.44% | 1.79% |
| RTX | RTX Corporation | 1.95% | 34.1 | 24.6 | 2.8 | 1.51% | 1.37% |
| GOOGL | Alphabet Inc. | 1.93% | 17.1 | 22.8 | 9.3 | 0.26% | 2.71% |
| DIS | The Walt Disney Company | 1.91% | 22.8 | 13.8 | 1.9 | 1.36% | 2.01% |
| BAC | Bank of America Corporation | 1.91% | 12.2 | 10.8 | 3.1 | 2.50% | 3.75% |
| WMT | Walmart Inc. | 1.89% | 43.0 | 38.0 | 1.3 | 0.83% | 1.05% |
| UNH | UnitedHealth Group Incorporated | 1.82% | 25.8 | 16.6 | 0.8 | 2.31% | 1.70% |
| MRK | Merck & Co., Inc. | 1.82% | 115.8 | 15.3 | 5.4 | 2.33% | 0.38% |
| AMT | American Tower Corporation | 1.78% | 25.5 | 24.6 | 7.9 | 3.86% | 1.67% |
| DHR | Danaher Corporation | 1.75% | 40.8 | 23.8 | 6.4 | 0.70% | 1.03% |
| MDLZ | Mondelez International, Inc. | 1.72% | 23.5 | 18.2 | 2.1 | 3.25% | 1.76% |
| ABT | Abbott Laboratories | 1.70% | 33.8 | 17.1 | 3.9 | 2.40% | 1.21% |
| LOW | Lowe's Companies, Inc. | 1.69% | 16.7 | 15.6 | 1.2 | 2.53% | 2.44% |
| COP | ConocoPhillips | 1.67% | 19.4 | 12.7 | 2.7 | 2.29% | 2.06% |
| DE | Deere & Company | 1.66% | 35.7 | 29.3 | 3.6 | 1.01% | 1.12% |
| ETN | Eaton Corporation plc | 1.64% | 39.8 | 27.6 | 5.1 | 1.12% | 0.99% |
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 DVVY valuation
Adding up its 61 holdings with company data, DVVY trades at 23.5 times trailing earnings and 18.1 times analysts' forward estimates, with a price-to-book ratio of 3.79 and a dividend yield of 1.94%. Its earnings yield of 4.26% is 1.07 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 28.2% of the fund and earn 27.2% of its combined profit. By sector, Healthcare is the most expensive at 35.2 times earnings and Communication Services the cheapest at 15.6. 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 97.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: DVVY chart, DVVY holdings, DVVY dividends.
DVVY valuation FAQ
What is the P/E ratio of DVVY?
Based on its holdings, DVVY has a trailing P/E of 23.5 and a forward P/E of 18.1 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of DVVY?
The trailing earnings yield is 4.26% (1 ÷ P/E) and the forward earnings yield 5.54%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is DVVY more expensive than the S&P 500?
DVVY trades at 23.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 18.1 and 19.9.
What is the price-to-book ratio of DVVY?
The holdings of DVVY trade at 3.79 times book value, with a combined return on equity of 16.1%.
Which sector in DVVY has the highest P/E?
Healthcare has the highest P/E at 35.2 and Communication Services the lowest at 15.6.