Goldman Sachs Growth Opportunities ETF (GSGO) Valuation
GSGO valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 32.7 trailing earnings
- Forward P/E
- 24.2 analyst estimates
- Price / sales
- 8.32
- Price / book
- 9.76
- EV / EBITDA
- 17.2
- Earnings yield
- 3.06% inverse of P/E
- Dividend yield
- 0.46% of the holdings
- Return on equity
- 29.8% combined
- Net margin
- 25.4% combined
- Beta
- 1.48 weighted, vs S&P 500
GSGO valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| GSGO | 32.7 | 24.2 | 8.32 | 9.76 | 0.46% | 29.8% | 25.4% | 5.5% |
| 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.
GSGO valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 46.4% | 39.2 | 25.0 | 14.68 | 15.55 | 0.34% | 39.7% |
| Communication Services | 17.8% | 19.0 | 22.1 | 8.97 | 7.11 | 0.26% | 37.4% |
| Industrials | 8.4% | 38.9 | 29.3 | 5.16 | 10.67 | 0.60% | 27.4% |
| Healthcare | 8.4% | 111.5 | 23.4 | 11.25 | 11.43 | 0.61% | 10.2% |
| Consumer Cyclical | 7.0% | 38.0 | 32.9 | 3.63 | 9.92 | 0.74% | 26.1% |
| Financial Services | 5.5% | 19.8 | 15.5 | 5.93 | 3.40 | 1.20% | 17.1% |
| Consumer Defensive | 1.4% | 47.6 | 40.3 | 1.45 | 11.97 | 0.59% | 25.1% |
| Basic Materials | 1.2% | 32.6 | 20.6 | 5.32 | 3.02 | 0.67% | 9.3% |
GSGO 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 GSGO weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
GSGO largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 12.05% | 27.1 | 24.9 | 17.1 | 0.47% | 15.15% |
| GOOGL | Alphabet Inc. | 9.20% | 17.1 | 22.8 | 9.3 | 0.26% | 18.33% |
| MSFT | Microsoft Corporation | 7.48% | 29.5 | 25.1 | 11.8 | 0.74% | 8.64% |
| META | Meta Platforms, Inc. | 4.84% | 26.7 | 22.1 | 7.9 | 0.30% | 6.17% |
| AMD | Advanced Micro Devices, Inc. | 3.90% | 134.9 | 39.5 | 20.9 | — | 0.98% |
| MU | Micron Technology, Inc. | 3.56% | 11.8 | 7.0 | 7.5 | 0.07% | 10.25% |
| GOOG | Alphabet Inc. | 3.14% | 16.9 | 21.8 | 9.2 | 0.26% | 6.33% |
| MA | Mastercard Incorporated | 2.97% | 34.0 | 24.2 | 15.4 | 0.56% | 2.98% |
| LLY | Eli Lilly and Company | 2.96% | 42.2 | 24.4 | 14.1 | 0.55% | 2.39% |
| AVGO | Broadcom Inc. | 2.48% | 43.3 | 19.4 | 17.6 | 0.79% | 1.95% |
| AAPL | Apple Inc. | 2.48% | 39.4 | 35.2 | 10.7 | 0.31% | 2.14% |
| PANW | Palo Alto Networks, Inc. | 2.36% | 855.0 | 94.3 | 24.4 | — | 0.09% |
| MRVL | Marvell Technology, Inc. | 2.29% | 72.3 | 62.1 | 21.7 | 0.11% | 1.08% |
| KLAC | KLA Corporation | 1.90% | 45.3 | 34.8 | 15.9 | 0.56% | 1.43% |
| TSLA | Tesla, Inc. | 1.88% | 328.4 | 158.7 | 13.5 | — | 0.19% |
| MRK | Merck & Co., Inc. | 1.50% | 115.8 | 15.3 | 5.4 | 2.33% | 0.44% |
| HD | The Home Depot, Inc. | 1.45% | 21.5 | 19.8 | 1.8 | 3.01% | 2.29% |
| GCP | General Electric Company | 1.43% | — | — | — | — | — |
| COST | Costco Wholesale Corporation | 1.37% | 47.6 | 40.3 | 1.4 | 0.59% | 0.98% |
| ROK | Rockwell Automation, Inc. | 1.35% | 39.9 | 29.8 | 5.3 | 1.30% | 1.15% |
| ETN | Eaton Corporation plc | 1.30% | 39.8 | 27.6 | 5.1 | 1.12% | 1.11% |
| JPM | JPMorgan Chase & Co. | 1.28% | 14.2 | 13.5 | 4.7 | 1.94% | 3.06% |
| SHOP | Shopify Inc. | 1.23% | 114.5 | 58.8 | 16.6 | — | 0.37% |
| URI | United Rentals, Inc. | 1.23% | 24.8 | 18.5 | 3.8 | 0.77% | 1.69% |
| ANET | Arista Networks, Inc. | 1.20% | 55.8 | 39.2 | 21.2 | — | 0.73% |
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 GSGO valuation
Adding up its 52 holdings with company data, GSGO trades at 32.7 times trailing earnings and 24.2 times analysts' forward estimates, with a price-to-book ratio of 9.76 and a dividend yield of 0.46%. Its earnings yield of 3.06% is 2.27 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 52.6% of the fund and earn 73.2% of its combined profit. By sector, Healthcare is the most expensive at 111.5 times earnings and Communication Services the cheapest at 19.0. Companies that lost money over the past year are 5.5% 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 98.5% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: GSGO chart, GSGO holdings.
GSGO valuation FAQ
What is the P/E ratio of GSGO?
Based on its holdings, GSGO has a trailing P/E of 32.7 and a forward P/E of 24.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of GSGO?
The trailing earnings yield is 3.06% (1 ÷ P/E) and the forward earnings yield 4.13%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is GSGO more expensive than the S&P 500?
GSGO trades at 32.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 24.2 and 19.9.
What is the price-to-book ratio of GSGO?
The holdings of GSGO trade at 9.76 times book value, with a combined return on equity of 29.8%.
Which sector in GSGO has the highest P/E?
Healthcare has the highest P/E at 111.5 and Communication Services the lowest at 19.0.