VictoryShares Free Cash Flow Growth ETF (GFLW) Valuation

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

GFLW valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 32.4
Forward P/E: 21.1
Price / sales: 2.80
Price / book: 10.08
EV / EBITDA: 21.9
Earnings yield: 3.08%
Dividend yield: 0.38%
Return on equity: 31.1%
Net margin: 8.6%
Beta: 1.27

GFLW valuation vs other stock ETFs

P/E (TTM)Forward P/E

GFLW valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
GFLW	32.4	21.1	2.80	10.08	0.38%	31.1%	8.6%	3.4%
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.

GFLW valuation by sector

P/E (TTM)Forward P/E

GFLW valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	44.5%	34.4	22.4	6.48	12.22	0.30%	35.6%
Healthcare	18.7%	32.3	21.2	0.92	8.88	0.48%	27.5%
Industrials	12.3%	32.4	28.1	4.70	15.61	0.45%	48.1%
Consumer Cyclical	9.9%	32.2	18.4	3.61	14.24	0.23%	44.3%
Communication Services	7.1%	32.8	17.5	4.96	7.05	0.18%	21.5%
Basic Materials	2.7%	14.5	10.8	4.89	3.19	0.74%	21.9%
Consumer Defensive	1.9%	42.3	33.7	9.72	9.19	0.00%	21.7%
Utilities	1.0%	25.6	13.3	2.66	15.41	0.61%	60.1%
Energy	0.6%	n/m	13.7	8.36	1.58	5.44%	0.1%
Financial Services	0.2%	56.3	74.6	7.18	6.64	0.00%	11.8%

GFLW earnings yield vs bond yields

GFLW earnings yield (forward)

4.73%

GFLW earnings yield (trailing)

3.08%

GFLW dividend yield

0.38%

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 GFLW weight splits by P/E

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

GFLW largest holdings: valuation

GFLW largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
LLY	Eli Lilly and Company	3.91%	42.2	24.4	14.1	0.55%	3.03%
NVDA	NVIDIA Corporation	3.23%	27.1	24.9	17.1	0.47%	3.90%
CAH	Cardinal Health, Inc.	2.98%	35.1	17.7	0.2	0.81%	2.77%
CAT	Caterpillar Inc.	2.91%	31.5	25.4	4.5	0.89%	3.03%
DELL	Dell Technologies Inc.	2.85%	26.3	21.3	1.9	0.56%	3.54%
SNDK	Sandisk Corporation	2.63%	17.6	8.0	9.3	—	4.89%
RPRX	Royalty Pharma plc	2.50%	32.4	29.4	13.9	1.54%	2.52%
NEM	Newmont Corporation	2.13%	15.0	11.6	4.8	0.88%	4.66%
AMAT	Applied Materials, Inc.	2.06%	35.3	23.4	10.5	0.52%	1.91%
LRCX	Lam Research Corporation	1.92%	45.8	33.7	14.2	0.50%	1.37%
WDC	Western Digital Corporation	1.89%	12.3	22.8	9.6	0.18%	5.01%
MNST	Monster Beverage Corporation	1.85%	42.3	33.7	9.7	—	1.43%
GEV	GE Vernova Inc.	1.84%	26.4	38.8	5.9	0.22%	2.28%
STX	Seagate Technology Holdings plc	1.84%	46.0	25.7	11.9	0.46%	1.31%
FTNT	Fortinet, Inc.	1.81%	59.8	45.0	16.5	—	0.99%
NFLX	Netflix, Inc.	1.78%	22.2	18.7	6.1	—	2.62%
MCK	McKesson Corporation	1.74%	26.9	19.7	0.3	0.37%	2.11%
ABNB	Airbnb, Inc.	1.67%	39.6	25.4	7.9	—	1.38%
FIX	Comfort Systems USA, Inc.	1.63%	35.4	26.0	4.5	0.25%	1.51%
INTU	Intuit Inc.	1.59%	19.8	12.7	4.1	1.70%	2.63%
VRT	Vertiv Holdings Co	1.48%	46.7	27.8	6.9	0.12%	1.04%
MAR	Marriott International, Inc.	1.45%	40.1	26.5	13.7	0.75%	1.18%
PANW	Palo Alto Networks, Inc.	1.40%	855.0	94.3	24.4	—	0.05%
KEYS	Keysight Technologies, Inc.	1.38%	44.8	22.4	8.6	—	1.01%
AVGO	Broadcom Inc.	1.29%	43.3	19.4	17.6	0.79%	0.97%

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 GFLW valuation

Adding up its 100 holdings with company data, GFLW trades at 32.4 times trailing earnings and 21.1 times analysts' forward estimates, with a price-to-book ratio of 10.08 and a dividend yield of 0.38%. Its earnings yield of 3.08% is 2.24 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 27.1% of the fund and earn 31.6% of its combined profit. By sector, Financial Services is the most expensive at 56.3 times earnings and Basic Materials the cheapest at 14.5. Companies that lost money over the past year are 3.4% 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.

GFLW valuation FAQ

What is the P/E ratio of GFLW?

Based on its holdings, GFLW has a trailing P/E of 32.4 and a forward P/E of 21.1 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of GFLW?

The trailing earnings yield is 3.08% (1 ÷ P/E) and the forward earnings yield 4.73%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is GFLW more expensive than the S&P 500?

GFLW trades at 32.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 21.1 and 19.9.

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

The holdings of GFLW trade at 10.08 times book value, with a combined return on equity of 31.1%.

Which sector in GFLW has the highest P/E?

Financial Services has the highest P/E at 56.3 and Basic Materials the lowest at 14.5.