FlexShares STOXX US ESG Select Index Fund (ESG) Valuation

Cboe BZX: ESGP/E, earnings yield and other ratios of the holdings combined.

ESG valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 23.9
Forward P/E: 17.3
Price / sales: 2.97
Price / book: 4.62
EV / EBITDA: 17.6
Earnings yield: 4.19%
Dividend yield: 1.33%
Return on equity: 19.3%
Net margin: 12.4%
Beta: 1.01

ESG valuation vs other stock ETFs

P/E (TTM)Forward P/E

ESG valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
ESG	23.9	17.3	2.97	4.62	1.33%	19.3%	12.4%	1.9%
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.

ESG valuation by sector

P/E (TTM)Forward P/E

ESG valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	33.3%	27.5	18.0	7.08	10.80	0.63%	39.3%
Financial Services	20.2%	14.9	14.3	3.28	2.11	1.53%	14.2%
Healthcare	14.8%	38.8	19.5	2.17	7.95	1.31%	20.5%
Consumer Defensive	10.3%	30.9	23.1	1.55	6.58	2.08%	21.3%
Industrials	4.9%	27.9	22.0	2.79	7.88	1.35%	28.3%
Energy	4.2%	22.5	13.7	1.84	2.89	2.07%	12.8%
Consumer Cyclical	3.3%	25.6	15.7	1.84	6.11	1.28%	23.9%
Basic Materials	2.9%	28.5	16.1	2.92	3.64	1.35%	12.8%
Real Estate	2.2%	33.2	27.1	4.10	3.39	3.07%	10.2%
Communication Services	2.1%	13.3	10.8	1.57	1.96	3.41%	14.8%
Utilities	0.1%	13.7	15.1	2.79	1.87	3.48%	13.6%

ESG earnings yield vs bond yields

ESG earnings yield (forward)

5.77%

ESG earnings yield (trailing)

4.19%

ESG dividend yield

1.33%

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 ESG weight splits by P/E

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

ESG largest holdings: valuation

ESG largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
AAPL	Apple Inc.	5.13%	39.4	35.2	10.7	0.31%	3.17%
MSFT	Microsoft Corporation	4.99%	29.5	25.1	11.8	0.74%	4.12%
NVDA	NVIDIA Corporation	4.71%	27.1	24.9	17.1	0.47%	4.23%
MU	Micron Technology, Inc.	4.27%	11.8	7.0	7.5	0.07%	8.78%
AVGO	Broadcom Inc.	4.19%	43.3	19.4	17.6	0.79%	2.35%
LLY	Eli Lilly and Company	4.06%	42.2	24.4	14.1	0.55%	2.34%
JPM	JPMorgan Chase & Co.	3.84%	14.2	13.5	4.7	1.94%	6.56%
BRK.B	Berkshire Hathaway Inc.	3.55%	13.4	22.7	3.0	—	6.45%
XOM	Exxon Mobil Corporation	3.22%	23.0	14.8	2.0	2.30%	3.40%
JNJ	Johnson & Johnson	2.71%	38.8	21.0	6.2	2.10%	1.70%
WMT	Walmart Inc.	2.31%	43.0	38.0	1.3	0.83%	1.30%
KO	The Coca-Cola Company	1.69%	28.2	25.3	8.1	2.26%	1.45%
PG	The Procter & Gamble Company	1.66%	24.1	21.2	4.3	2.73%	1.68%
MRK	Merck & Co., Inc.	1.58%	115.8	15.3	5.4	2.33%	0.33%
V	Visa Inc.	1.55%	34.3	24.0	17.0	0.67%	1.10%
COST	Costco Wholesale Corporation	1.39%	47.6	40.3	1.4	0.59%	0.71%
BAC	Bank of America Corporation	1.22%	12.2	10.8	3.1	2.50%	2.43%
AMD	Advanced Micro Devices, Inc.	1.17%	134.9	39.5	20.9	—	0.21%
WFC	Wells Fargo & Company	1.16%	11.8	10.2	3.0	2.38%	2.38%
ABBV	AbbVie Inc.	1.12%	80.6	16.4	7.8	2.42%	0.34%
IBM	International Business Machines Corporation	1.08%	20.6	17.4	3.2	2.91%	1.27%
CAT	Caterpillar Inc.	0.99%	31.5	25.4	4.5	0.89%	0.77%
INTC	Intel Corporation	0.93%	—	63.3	8.3	—	−0.53%
C	Citigroup Inc.	0.91%	12.1	10.2	2.5	2.16%	1.83%
MA	Mastercard Incorporated	0.74%	34.0	24.2	15.4	0.56%	0.53%

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 ESG valuation

Adding up its 243 holdings with company data, ESG trades at 23.9 times trailing earnings and 17.3 times analysts' forward estimates, with a price-to-book ratio of 4.62 and a dividend yield of 1.33%. Its earnings yield of 4.19% is 1.14 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 40.7% of the fund and earn 43.1% of its combined profit. By sector, Healthcare is the most expensive at 38.8 times earnings and Communication Services the cheapest at 13.3. Companies that lost money over the past year are 1.9% 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 99.7% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

ESG valuation FAQ

What is the P/E ratio of ESG?

Based on its holdings, ESG has a trailing P/E of 23.9 and a forward P/E of 17.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of ESG?

The trailing earnings yield is 4.19% (1 ÷ P/E) and the forward earnings yield 5.77%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is ESG more expensive than the S&P 500?

ESG trades at 23.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 17.3 and 19.9.

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

The holdings of ESG trade at 4.62 times book value, with a combined return on equity of 19.3%.

Which sector in ESG has the highest P/E?

Healthcare has the highest P/E at 38.8 and Communication Services the lowest at 13.3.