VanEck Environmental Services ETF (EVX) Valuation
EVX valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 29.0 trailing earnings
- Forward P/E
- 21.2 analyst estimates
- Price / sales
- 2.83
- Price / book
- 4.52
- EV / EBITDA
- 15.2
- Earnings yield
- 3.45% inverse of P/E
- Dividend yield
- 0.84% of the holdings
- Return on equity
- 15.6% combined
- Net margin
- 9.8% combined
- Beta
- 0.81 weighted, vs S&P 500
EVX valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| EVX | 29.0 | 21.2 | 2.83 | 4.52 | 0.84% | 15.6% | 9.8% | 2.3% |
| 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.
EVX valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Industrials | 85.3% | 29.3 | 21.5 | 2.84 | 4.68 | 0.87% | 16.0% |
| Basic Materials | 8.2% | 38.8 | 29.7 | 4.81 | 7.71 | 1.01% | 19.9% |
| Consumer Defensive | 3.9% | 16.5 | 11.7 | 1.48 | 1.85 | 0.00% | 11.2% |
EVX 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 EVX weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
EVX largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| WM | Waste Management, Inc. | 8.44% | 32.1 | 22.5 | 3.5 | 1.67% | 10.14% |
| ECL | Ecolab Inc. | 8.24% | 38.8 | 29.7 | 4.8 | 1.01% | 8.20% |
| WCN | Waste Connections, Inc. | 7.46% | 40.6 | 18.1 | 4.3 | 0.83% | 7.10% |
| RSG | Republic Services, Inc. | 7.39% | 32.8 | 26.3 | 4.2 | 1.16% | 8.69% |
| VIE | Veolia Environnement VE SA | 5.65% | — | — | — | — | — |
| XYL | Xylem Inc. | 5.62% | 24.8 | 17.4 | 2.7 | 1.65% | 8.76% |
| VLTO | Veralto Corporation | 5.22% | 25.8 | 20.0 | 4.3 | 0.51% | 7.83% |
| GFL | Gfl Environmental Holdings Inc | 4.90% | — | — | — | — | — |
| CLH | Clean Harbors, Inc. | 4.58% | 38.8 | 34.5 | 2.7 | — | 4.56% |
| TTEK | Tetra Tech, Inc. | 4.54% | 20.9 | 19.9 | 2.0 | 0.83% | 8.38% |
| WMS | Advanced Drainage Systems, Inc. | 4.30% | 21.8 | 20.8 | 3.0 | 0.62% | 7.60% |
| DCI | Donaldson Company, Inc. | 4.16% | 22.8 | 19.9 | 2.6 | 1.41% | 7.04% |
| DAR | Darling Ingredients Inc. | 3.86% | 16.5 | 11.7 | 1.5 | — | 9.02% |
| FSS | Federal Signal Corporation | 3.55% | 24.2 | 19.8 | 2.8 | 0.53% | 5.66% |
| CNM | Core & Main, Inc. | 3.50% | 17.3 | 17.2 | 1.0 | — | 7.81% |
| 5333 | NGK Insulators Ltd. | 3.41% | — | — | — | — | — |
| CWST | Casella Waste Systems, Inc. | 2.39% | 977.8 | 56.2 | 2.9 | — | 0.09% |
| 6370 | Kurita Water Industries Ltd | 2.38% | — | — | — | — | — |
| DRX | Drax Group PLC | 1.90% | — | — | — | — | — |
| ARCAD | Arcadis N.V. | 1.85% | — | — | — | — | — |
| CECO | CECO Environmental Corp. | 1.71% | — | 26.2 | 3.7 | — | −0.90% |
| CWY | Cleanaway Waste Management Ltd | 1.45% | — | — | — | — | — |
| 6368 | Organo Corp | 1.16% | — | — | — | — | — |
| 6013 | Takuma Co Ltd | 0.66% | — | — | — | — | — |
| 9336 | Daiei Kankyo Co. Ltd. | 0.58% | — | — | — | — | — |
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 EVX valuation
Adding up its 15 holdings with company data, EVX trades at 29.0 times trailing earnings and 21.2 times analysts' forward estimates, with a price-to-book ratio of 4.52 and a dividend yield of 0.84%. Its earnings yield of 3.45% is 1.87 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 62.0% of the fund and earn 78.3% of its combined profit. By sector, Basic Materials is the most expensive at 38.8 times earnings and Consumer Defensive the cheapest at 16.5. Companies that lost money over the past year are 2.3% 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 75.5% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: EVX chart, EVX performance, EVX holdings, EVX dividends.
EVX valuation FAQ
What is the P/E ratio of EVX?
Based on its holdings, EVX has a trailing P/E of 29.0 and a forward P/E of 21.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of EVX?
The trailing earnings yield is 3.45% (1 ÷ P/E) and the forward earnings yield 4.71%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is EVX more expensive than the S&P 500?
EVX trades at 29.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 21.2 and 19.9.
What is the price-to-book ratio of EVX?
The holdings of EVX trade at 4.52 times book value, with a combined return on equity of 15.6%.
Which sector in EVX has the highest P/E?
Basic Materials has the highest P/E at 38.8 and Consumer Defensive the lowest at 16.5.