Goldman Sachs Hedge Industry VIP ETF (GVIP) Valuation
GVIP valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 53.3 trailing earnings
- Forward P/E
- 19.2 analyst estimates
- Price / sales
- 3.66
- Price / book
- 6.39
- EV / EBITDA
- 25.2
- Earnings yield
- 1.88% inverse of P/E
- Dividend yield
- 0.36% of the holdings
- Return on equity
- 12.0% combined
- Net margin
- 6.9% combined
- Beta
- 1.46 weighted, vs S&P 500
GVIP valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| GVIP | 53.3 | 19.2 | 3.66 | 6.39 | 0.36% | 12.0% | 6.9% | 16.9% |
| 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.
GVIP valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 31.5% | 84.9 | 21.4 | 3.93 | 14.34 | 0.34% | 16.9% |
| Financial Services | 16.6% | 19.3 | 16.6 | 5.49 | 2.86 | 0.78% | 14.8% |
| Industrials | 13.4% | 44.3 | 28.7 | 5.00 | 11.61 | 0.48% | 26.2% |
| Communication Services | 11.9% | n/m | 12.8 | 4.60 | 4.26 | 0.12% | −0.7% |
| Consumer Cyclical | 11.5% | 54.2 | 32.6 | 1.93 | 7.51 | 0.00% | 13.8% |
| Healthcare | 9.2% | 322.7 | 24.3 | 11.26 | 9.48 | 0.29% | 2.9% |
| Utilities | 4.3% | 71.1 | 11.4 | 3.32 | 11.33 | 0.31% | 15.9% |
| Real Estate | 1.7% | 152.2 | 7.2 | 0.66 | 2.36 | 0.00% | 1.6% |
GVIP 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 GVIP weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
GVIP largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| V | Visa Inc. | 2.72% | 34.3 | 24.0 | 17.0 | 0.67% | 4.36% |
| AAPL | Apple Inc. | 2.66% | 39.4 | 35.2 | 10.7 | 0.31% | 3.70% |
| LLY | Eli Lilly and Company | 2.63% | 42.2 | 24.4 | 14.1 | 0.55% | 3.42% |
| TMO | Thermo Fisher Scientific Inc. | 2.60% | 37.1 | 24.2 | 5.5 | 0.27% | 3.85% |
| BRK.B | Berkshire Hathaway Inc. | 2.59% | 13.4 | 22.7 | 3.0 | — | 10.61% |
| SPGI | S&P Global Inc. | 2.51% | 26.1 | 19.9 | 7.9 | 0.90% | 5.27% |
| MA | Mastercard Incorporated | 2.41% | 34.0 | 24.2 | 15.4 | 0.56% | 3.89% |
| META | Meta Platforms, Inc. | 2.39% | 26.7 | 22.1 | 7.9 | 0.30% | 4.91% |
| MSFT | Microsoft Corporation | 2.37% | 29.5 | 25.1 | 11.8 | 0.74% | 4.41% |
| SPCX | Space Exploration Technologies Corp. | 2.33% | — | 200.0 | 83.5 | — | −0.56% |
| MELI | MercadoLibre, Inc. | 2.28% | 50.5 | 32.8 | 2.6 | — | 2.48% |
| AMD | Advanced Micro Devices, Inc. | 2.27% | 134.9 | 39.5 | 20.9 | — | 0.92% |
| NSC | Norfolk Southern Corporation | 2.27% | 27.9 | 22.3 | 5.9 | 1.65% | 4.46% |
| SNOW | Snowflake Inc. | 2.20% | — | 169.5 | 19.9 | — | −1.25% |
| VST | Vistra Corp. | 2.20% | 25.6 | 13.3 | 2.7 | 0.61% | 4.71% |
| RVMD | Revolution Medicines, Inc. | 2.20% | — | — | 9,035.1 | — | −6.01% |
| GOOGL | Alphabet Inc. | 2.17% | 17.1 | 22.8 | 9.3 | 0.26% | 6.95% |
| NVDA | NVIDIA Corporation | 2.16% | 27.1 | 24.9 | 17.1 | 0.47% | 4.38% |
| TSM | Taiwan Semiconductor Manufacturing Company Limited | 2.16% | 26.7 | 21.4 | 0.4 | 0.91% | 4.43% |
| NU | Nu Holdings Ltd. | 2.16% | 19.9 | 14.8 | 8.3 | — | 5.94% |
| AMZN | Amazon.com, Inc. | 2.16% | 20.1 | 23.6 | 3.5 | — | 5.88% |
| JPM | JPMorgan Chase & Co. | 2.15% | 14.2 | 13.5 | 4.7 | 1.94% | 8.28% |
| ECHO | EchoStar Corporation | 2.15% | — | 4.7 | 1.7 | — | −18.74% |
| TDG | TransDigm Group Incorporated | 2.14% | 34.6 | 23.1 | 6.3 | — | 3.39% |
| TLN | Talen Energy Corporation | 2.14% | — | 9.9 | 4.5 | — | −1.36% |
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 GVIP valuation
Adding up its 47 holdings with company data, GVIP trades at 53.3 times trailing earnings and 19.2 times analysts' forward estimates, with a price-to-book ratio of 6.39 and a dividend yield of 0.36%. Its earnings yield of 1.88% is 3.45 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 25.2% of the fund and earn 43.9% of its combined profit. By sector, Healthcare is the most expensive at 322.7 times earnings and Financial Services the cheapest at 19.3. Companies that lost money over the past year are 16.9% 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 96.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: GVIP chart, GVIP performance, GVIP holdings, GVIP dividends.
GVIP valuation FAQ
What is the P/E ratio of GVIP?
Based on its holdings, GVIP has a trailing P/E of 53.3 and a forward P/E of 19.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of GVIP?
The trailing earnings yield is 1.88% (1 ÷ P/E) and the forward earnings yield 5.21%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is GVIP more expensive than the S&P 500?
GVIP trades at 53.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.2 and 19.9.
What is the price-to-book ratio of GVIP?
The holdings of GVIP trade at 6.39 times book value, with a combined return on equity of 12.0%.
Which sector in GVIP has the highest P/E?
Healthcare has the highest P/E at 322.7 and Financial Services the lowest at 19.3.