iShares Select Dividend ETF (DVY) Valuation
DVY valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 18.8 trailing earnings
- Forward P/E
- 11.5 analyst estimates
- Price / sales
- 1.09
- Price / book
- 1.80
- EV / EBITDA
- 10.2
- Earnings yield
- 5.31% inverse of P/E
- Dividend yield
- 3.84% of the holdings
- Return on equity
- 9.5% combined
- Net margin
- 5.8% combined
- Beta
- 0.68 weighted, vs S&P 500
DVY valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| DVY | 18.8 | 11.5 | 1.09 | 1.80 | 3.84% | 9.5% | 5.8% | 8.1% |
| 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.
DVY valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 24.8% | 12.3 | 9.8 | 1.51 | 1.37 | 3.87% | 11.1% |
| Utilities | 22.2% | 17.5 | 14.6 | 2.35 | 1.80 | 3.63% | 10.3% |
| Consumer Defensive | 14.1% | 41.8 | 13.5 | 0.72 | 3.68 | 4.26% | 8.8% |
| Energy | 10.8% | 14.5 | 11.6 | 1.40 | 2.18 | 2.60% | 15.0% |
| Consumer Cyclical | 9.9% | 314.8 | 11.0 | 0.55 | 2.11 | 4.13% | 0.7% |
| Healthcare | 5.7% | 49.8 | 11.3 | 0.97 | 2.36 | 3.96% | 4.7% |
| Communication Services | 5.2% | 12.2 | 7.9 | 1.00 | 1.55 | 5.29% | 12.7% |
| Technology | 3.4% | 12.9 | 11.2 | 0.59 | 0.79 | 3.72% | 6.1% |
| Basic Materials | 1.9% | 77.0 | 9.1 | 0.71 | 1.57 | 4.69% | 2.0% |
| Industrials | 1.8% | 24.5 | 19.6 | 1.71 | 5.83 | 3.41% | 23.8% |
DVY 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 DVY weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
DVY largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| HPQ | HP Inc. | 2.52% | 11.5 | 9.9 | 0.5 | 4.00% | 4.15% |
| PFE | Pfizer Inc. | 2.51% | 38.9 | 9.7 | 2.6 | 5.81% | 1.22% |
| MO | Altria Group, Inc. | 2.29% | 15.8 | 11.9 | 6.1 | 5.91% | 2.73% |
| PRU | Prudential Financial, Inc. | 2.15% | 10.5 | 9.8 | 0.6 | 4.83% | 3.87% |
| TROW | T. Rowe Price Group, Inc. | 1.94% | 10.1 | 10.2 | 2.8 | 5.15% | 3.62% |
| OKE | ONEOK, Inc. | 1.80% | 16.1 | 14.5 | 1.5 | 4.59% | 2.11% |
| TGT | Target Corporation | 1.78% | 16.0 | 15.6 | 0.7 | 3.01% | 2.10% |
| VZ | Verizon Communications Inc. | 1.63% | 11.7 | 8.7 | 1.3 | 6.32% | 2.65% |
| KMB | Kimberly-Clark Corporation | 1.63% | 20.8 | 13.1 | 2.1 | 4.85% | 1.48% |
| BBY | Best Buy Co., Inc. | 1.62% | 15.4 | 13.6 | 0.5 | 4.15% | 1.98% |
| VLO | Valero Energy Corporation | 1.55% | 18.5 | 10.2 | 1.0 | 1.08% | 1.58% |
| DINO | HF Sinclair Corporation | 1.50% | 11.9 | 10.0 | 0.7 | 1.68% | 2.38% |
| CVX | Chevron Corporation | 1.49% | 21.2 | 15.2 | 2.1 | 3.16% | 1.32% |
| GIS | General Mills, Inc. | 1.42% | — | 11.5 | 1.0 | 7.36% | −1.33% |
| D | Dominion Energy, Inc. | 1.38% | 22.0 | 15.9 | 3.1 | 4.20% | 1.19% |
| F | Ford Motor Company | 1.38% | — | 7.0 | 0.3 | 4.83% | −3.86% |
| EOG | EOG Resources, Inc. | 1.37% | 12.3 | 10.1 | 3.1 | 2.58% | 2.11% |
| APA | APA Corporation | 1.36% | 10.4 | 9.4 | 2.0 | 2.03% | 2.48% |
| ES | Eversource Energy | 1.34% | 17.3 | 13.3 | 1.8 | 4.71% | 1.47% |
| PFG | Principal Financial Group, Inc. | 1.33% | 15.5 | 9.1 | 1.5 | 3.09% | 1.62% |
| CVS | CVS Health Corporation | 1.31% | 24.3 | 10.7 | 0.3 | 2.88% | 1.02% |
| TFC | Truist Financial Corporation | 1.30% | 10.8 | 9.6 | 3.0 | 4.47% | 2.28% |
| EIX | Edison International | 1.30% | 5.8 | 8.2 | 1.1 | 6.28% | 4.26% |
| KEY | KeyCorp | 1.30% | 11.6 | 9.9 | 2.9 | 4.10% | 2.11% |
| GPC | Genuine Parts Company | 1.29% | 535.8 | 15.4 | 0.7 | 3.17% | 0.05% |
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 DVY valuation
Adding up its 98 holdings with company data, DVY trades at 18.8 times trailing earnings and 11.5 times analysts' forward estimates, with a price-to-book ratio of 1.80 and a dividend yield of 3.84%. Its earnings yield of 5.31% is 0.02 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 19.9% of the fund and earn 25.9% of its combined profit. By sector, Consumer Cyclical is the most expensive at 314.8 times earnings and Communication Services the cheapest at 12.2. Companies that lost money over the past year are 8.1% 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: DVY chart, DVY performance, DVY holdings, DVY dividends.
DVY valuation FAQ
What is the P/E ratio of DVY?
Based on its holdings, DVY has a trailing P/E of 18.8 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 DVY?
The trailing earnings yield is 5.31% (1 ÷ P/E) and the forward earnings yield 8.73%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is DVY more expensive than the S&P 500?
DVY trades at 18.8 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 DVY?
The holdings of DVY trade at 1.80 times book value, with a combined return on equity of 9.5%.
Which sector in DVY has the highest P/E?
Consumer Cyclical has the highest P/E at 314.8 and Communication Services the lowest at 12.2.