Harbor Dividend Growth Leaders ETF (GDIV) Valuation
GDIV valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 27.0 trailing earnings
- Forward P/E
- 19.1 analyst estimates
- Price / sales
- 2.79
- Price / book
- 4.79
- EV / EBITDA
- 18.0
- Earnings yield
- 3.71% inverse of P/E
- Dividend yield
- 1.85% of the holdings
- Return on equity
- 17.7% combined
- Net margin
- 10.3% combined
- Beta
- 0.86 weighted, vs S&P 500
GDIV valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| GDIV | 27.0 | 19.1 | 2.79 | 4.79 | 1.85% | 17.7% | 10.3% | 3.7% |
| 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.
GDIV valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 19.7% | 13.7 | 12.1 | 3.91 | 1.88 | 3.04% | 13.7% |
| Healthcare | 19.4% | 46.4 | 17.5 | 1.66 | 6.89 | 1.92% | 14.9% |
| Technology | 17.9% | 33.3 | 24.4 | 9.66 | 11.51 | 0.80% | 34.6% |
| Industrials | 15.9% | 28.1 | 23.7 | 3.96 | 6.43 | 1.23% | 22.9% |
| Consumer Cyclical | 5.8% | 25.4 | 22.9 | 2.44 | 12.13 | 1.68% | 47.7% |
| Energy | 5.0% | 25.6 | 19.6 | 4.55 | 7.50 | 2.13% | 29.3% |
| Consumer Defensive | 4.0% | 25.7 | 17.1 | 0.71 | 3.69 | 2.39% | 14.4% |
| Utilities | 3.5% | 19.1 | 17.1 | 4.48 | 2.44 | 3.48% | 12.7% |
| Basic Materials | 2.4% | 31.5 | 23.2 | 6.36 | 8.34 | 1.68% | 26.5% |
| Real Estate | 2.0% | 1,483.7 | 86.4 | 2.99 | 2.06 | 3.93% | 0.1% |
GDIV 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 GDIV weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
GDIV largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 6.01% | 39.4 | 35.2 | 10.7 | 0.31% | 4.65% |
| LLY | Eli Lilly and Company | 4.66% | 42.2 | 24.4 | 14.1 | 0.55% | 3.37% |
| MSFT | Microsoft Corporation | 3.35% | 29.5 | 25.1 | 11.8 | 0.74% | 3.47% |
| MLI | Mueller Industries, Inc. | 3.18% | 15.6 | 18.2 | 2.9 | 1.17% | 6.21% |
| JNJ | Johnson & Johnson | 3.16% | 38.8 | 21.0 | 6.2 | 2.10% | 2.49% |
| WMB | The Williams Companies, Inc. | 3.09% | 28.4 | 26.8 | 7.1 | 2.95% | 3.33% |
| KO | The Coca-Cola Company | 2.85% | 28.2 | 25.3 | 8.1 | 2.26% | 3.08% |
| MUFG | Mitsubishi UFJ Financial Group Inc ADR | 2.67% | — | — | — | — | — |
| SMFG | Sumitomo Mitsui Financial Group Inc | 2.57% | — | — | — | — | — |
| GILD | Gilead Sciences, Inc. | 2.47% | — | 15.6 | 6.4 | 2.10% | −1.28% |
| AVGO | Broadcom Inc. | 2.34% | 43.3 | 19.4 | 17.6 | 0.79% | 1.65% |
| NEE | NextEra Energy, Inc. | 2.32% | 17.9 | 17.7 | 5.8 | 3.12% | 3.94% |
| BAC | Bank of America Corporation | 2.23% | 12.2 | 10.8 | 3.1 | 2.50% | 5.55% |
| CRM | Salesforce, Inc. | 2.22% | 22.0 | 14.0 | 4.5 | 0.73% | 3.07% |
| MCK | McKesson Corporation | 1.96% | 26.9 | 19.7 | 0.3 | 0.37% | 2.23% |
| WSM | Williams-Sonoma, Inc. | 1.95% | 25.7 | 24.6 | 3.7 | 1.22% | 2.32% |
| MRK | Merck & Co., Inc. | 1.93% | 115.8 | 15.3 | 5.4 | 2.33% | 0.51% |
| UNH | UnitedHealth Group Incorporated | 1.86% | 25.8 | 16.6 | 0.8 | 2.31% | 2.20% |
| FF60 | FIRSTCASH HLDGS INC.DL-01 | 1.86% | — | — | — | — | — |
| LNG | Cheniere Energy, Inc. | 1.86% | 21.9 | 13.5 | 2.9 | 0.77% | 2.59% |
| ROK | Rockwell Automation, Inc. | 1.85% | 39.9 | 29.8 | 5.3 | 1.30% | 1.42% |
| AMGN | Amgen Inc. | 1.74% | 26.9 | 16.7 | 6.1 | 2.33% | 1.98% |
| CSX | CSX Corporation | 1.65% | 28.3 | 21.2 | 6.2 | 1.15% | 1.78% |
| TJX | The TJX Companies, Inc. | 1.64% | 27.3 | 24.9 | 2.6 | 1.30% | 1.84% |
| EWBC | East West Bancorp, Inc. | 1.58% | 12.2 | 12.7 | 6.0 | 2.52% | 3.95% |
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 GDIV valuation
Adding up its 47 holdings with company data, GDIV trades at 27.0 times trailing earnings and 19.1 times analysts' forward estimates, with a price-to-book ratio of 4.79 and a dividend yield of 1.85%. Its earnings yield of 3.71% is 1.62 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 34.0% of the fund and earn 30.9% of its combined profit. By sector, Real Estate is the most expensive at 1,483.7 times earnings and Financial Services the cheapest at 13.7. Companies that lost money over the past year are 3.7% 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 90.8% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: GDIV chart, GDIV performance, GDIV holdings, GDIV dividends.
GDIV valuation FAQ
What is the P/E ratio of GDIV?
Based on its holdings, GDIV has a trailing P/E of 27.0 and a forward P/E of 19.1 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of GDIV?
The trailing earnings yield is 3.71% (1 ÷ P/E) and the forward earnings yield 5.23%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is GDIV more expensive than the S&P 500?
GDIV trades at 27.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.1 and 19.9.
What is the price-to-book ratio of GDIV?
The holdings of GDIV trade at 4.79 times book value, with a combined return on equity of 17.7%.
Which sector in GDIV has the highest P/E?
Real Estate has the highest P/E at 1,483.7 and Financial Services the lowest at 13.7.