iShares ESG MSCI USA Min Vol Factor ETF (ESMV) Valuation

NASDAQ: ESMVP/E, earnings yield and other ratios of the holdings combined.

ESMV valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 25.4
Forward P/E: 18.3
Price / sales: 1.92
Price / book: 4.86
EV / EBITDA: 16.1
Earnings yield: 3.94%
Dividend yield: 1.48%
Return on equity: 19.1%
Net margin: 7.6%
Beta: 0.80

ESMV valuation vs other stock ETFs

P/E (TTM)Forward P/E

ESMV valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
ESMV	25.4	18.3	1.92	4.86	1.48%	19.1%	7.6%	2.5%
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.

ESMV valuation by sector

P/E (TTM)Forward P/E

ESMV valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	33.4%	31.1	20.9	6.94	7.87	0.74%	25.3%
Healthcare	14.9%	39.8	16.9	0.61	5.38	1.16%	13.5%
Financial Services	12.9%	17.2	15.6	3.36	3.39	1.09%	19.7%
Consumer Defensive	8.2%	27.9	18.2	1.17	6.89	2.56%	24.7%
Industrials	5.7%	24.0	23.7	3.10	6.86	1.03%	28.5%
Energy	5.3%	22.3	16.0	2.48	3.44	2.40%	15.4%
Consumer Cyclical	5.2%	25.6	22.4	2.30	15.87	1.63%	61.9%
Utilities	4.7%	18.0	15.2	2.46	1.75	3.55%	9.8%
Communication Services	4.0%	12.3	11.0	1.64	2.17	4.07%	17.7%
Real Estate	2.9%	49.1	43.5	6.85	3.99	2.47%	8.1%
Basic Materials	2.3%	21.9	17.4	3.59	4.37	1.18%	19.9%

ESMV earnings yield vs bond yields

ESMV earnings yield (forward)

5.45%

ESMV earnings yield (trailing)

3.94%

ESMV dividend yield

1.48%

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 ESMV weight splits by P/E

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

ESMV largest holdings: valuation

ESMV largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
NOW	ServiceNow, Inc.	1.84%	88.7	27.8	10.0	—	0.53%
TRV	The Travelers Companies, Inc.	1.67%	10.5	10.8	1.7	1.28%	4.07%
MSFT	Microsoft Corporation	1.56%	29.5	25.1	11.8	0.74%	1.35%
MA	Mastercard Incorporated	1.56%	34.0	24.2	15.4	0.56%	1.17%
MSI	Motorola Solutions, Inc.	1.48%	36.5	23.9	6.3	1.05%	1.04%
MCK	McKesson Corporation	1.47%	26.9	19.7	0.3	0.37%	1.40%
KO	The Coca-Cola Company	1.44%	28.2	25.3	8.1	2.26%	1.30%
WELL	Welltower Inc.	1.44%	105.3	78.1	13.3	1.45%	0.35%
NVDA	NVIDIA Corporation	1.44%	27.1	24.9	17.1	0.47%	1.36%
GILD	Gilead Sciences, Inc.	1.41%	—	15.6	6.4	2.10%	−0.61%
VRTX	Vertex Pharmaceuticals Incorporated	1.40%	28.9	24.1	10.1	—	1.23%
WMB	The Williams Companies, Inc.	1.37%	28.4	26.8	7.1	2.95%	1.23%
V	Visa Inc.	1.37%	34.3	24.0	17.0	0.67%	1.02%
MRK	Merck & Co., Inc.	1.36%	115.8	15.3	5.4	2.33%	0.30%
VZ	Verizon Communications Inc.	1.34%	11.7	8.7	1.3	6.32%	2.92%
PANW	Palo Alto Networks, Inc.	1.33%	855.0	94.3	24.4	—	0.04%
TXN	Texas Instruments Incorporated	1.32%	42.1	27.5	13.0	2.20%	0.80%
ADP	Automatic Data Processing, Inc.	1.27%	26.4	22.0	5.2	2.35%	1.23%
BNY	The Bank of New York Mellon Corporation	1.27%	15.9	15.0	4.4	1.55%	2.05%
COR	Cencora	1.27%	25.3	15.7	0.2	0.70%	1.28%
CB	Chubb Limited	1.26%	12.7	11.6	2.2	1.13%	2.52%
CSCO	Cisco Systems, Inc.	1.24%	32.2	19.8	6.7	1.56%	0.98%
AMD	Advanced Micro Devices, Inc.	1.22%	134.9	39.5	20.9	—	0.23%
ED	Consolidated Edison, Inc.	1.22%	18.2	16.1	2.3	3.16%	1.71%
CL	Colgate-Palmolive Company	1.18%	37.1	21.0	3.6	2.25%	0.81%

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 ESMV valuation

Adding up its 157 holdings with company data, ESMV trades at 25.4 times trailing earnings and 18.3 times analysts' forward estimates, with a price-to-book ratio of 4.86 and a dividend yield of 1.48%. Its earnings yield of 3.94% is 1.39 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 15.3% of the fund and earn 11.9% of its combined profit. By sector, Real Estate is the most expensive at 49.1 times earnings and Communication Services the cheapest at 12.3. Companies that lost money over the past year are 2.5% 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.

ESMV valuation FAQ

What is the P/E ratio of ESMV?

Based on its holdings, ESMV has a trailing P/E of 25.4 and a forward P/E of 18.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of ESMV?

The trailing earnings yield is 3.94% (1 ÷ P/E) and the forward earnings yield 5.45%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is ESMV more expensive than the S&P 500?

ESMV trades at 25.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 18.3 and 19.9.

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

The holdings of ESMV trade at 4.86 times book value, with a combined return on equity of 19.1%.

Which sector in ESMV has the highest P/E?

Real Estate has the highest P/E at 49.1 and Communication Services the lowest at 12.3.