Goldman Sachs Value Opportunities ETF (GVLE) Valuation
GVLE valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 23.8 trailing earnings
- Forward P/E
- 19.3 analyst estimates
- Price / sales
- 2.75
- Price / book
- 3.77
- EV / EBITDA
- 14.2
- Earnings yield
- 4.21% inverse of P/E
- Dividend yield
- 1.36% of the holdings
- Return on equity
- 15.9% combined
- Net margin
- 11.6% combined
- Beta
- 0.92 weighted, vs S&P 500
GVLE valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| GVLE | 23.8 | 19.3 | 2.75 | 3.77 | 1.36% | 15.9% | 11.6% | 0.0% |
| 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.
GVLE valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 17.3% | 13.6 | 13.5 | 3.38 | 1.75 | 1.60% | 12.9% |
| Healthcare | 16.0% | 48.1 | 19.3 | 1.21 | 6.89 | 1.28% | 14.3% |
| Technology | 14.1% | 37.3 | 28.2 | 12.16 | 9.00 | 0.48% | 24.2% |
| Consumer Cyclical | 13.0% | 24.7 | 25.1 | 3.15 | 7.15 | 0.79% | 28.9% |
| Industrials | 8.6% | 35.9 | 24.1 | 4.44 | 12.44 | 1.40% | 34.6% |
| Consumer Defensive | 7.5% | 31.0 | 27.4 | 1.96 | 7.51 | 1.77% | 24.2% |
| Energy | 6.6% | 13.6 | 11.6 | 2.35 | 1.71 | 2.34% | 12.5% |
| Utilities | 5.0% | 18.2 | 17.6 | 4.51 | 2.43 | 2.99% | 13.3% |
| Basic Materials | 2.5% | 32.6 | 20.6 | 5.32 | 3.02 | 0.67% | 9.3% |
| Communication Services | 1.9% | 26.7 | 22.1 | 7.92 | 7.26 | 0.30% | 27.2% |
GVLE 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 GVLE weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
GVLE largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MSFT | Microsoft Corporation | 9.07% | 29.5 | 25.1 | 11.8 | 0.74% | 7.81% |
| AMZN | Amazon.com, Inc. | 7.76% | 20.1 | 23.6 | 3.5 | — | 9.78% |
| JPM | JPMorgan Chase & Co. | 4.93% | 14.2 | 13.5 | 4.7 | 1.94% | 8.78% |
| MRK | Merck & Co., Inc. | 4.80% | 115.8 | 15.3 | 5.4 | 2.33% | 1.05% |
| COP | ConocoPhillips | 4.62% | 19.4 | 12.7 | 2.7 | 2.29% | 6.04% |
| TMO | Thermo Fisher Scientific Inc. | 4.30% | 37.1 | 24.2 | 5.5 | 0.27% | 2.93% |
| BRK.B | Berkshire Hathaway Inc. | 4.27% | 13.4 | 22.7 | 3.0 | — | 8.09% |
| WMT | Walmart Inc. | 3.82% | 43.0 | 38.0 | 1.3 | 0.83% | 2.25% |
| PG | The Procter & Gamble Company | 3.72% | 24.1 | 21.2 | 4.3 | 2.73% | 3.92% |
| ETN | Eaton Corporation plc | 3.65% | 39.8 | 27.6 | 5.1 | 1.12% | 2.32% |
| MS | Morgan Stanley | 3.17% | 14.3 | 14.9 | 3.6 | 2.55% | 5.61% |
| JNJ | Johnson & Johnson | 2.92% | 38.8 | 21.0 | 6.2 | 2.10% | 1.91% |
| NEE | NextEra Energy, Inc. | 2.83% | 17.9 | 17.7 | 5.8 | 3.12% | 4.01% |
| SBUX | Starbucks Corporation | 2.73% | 56.4 | 30.9 | 2.9 | 2.58% | 1.23% |
| MMM | 3M Company | 2.61% | 29.3 | 17.8 | 3.4 | 1.89% | 2.26% |
| CAH | Cardinal Health, Inc. | 2.51% | 35.1 | 17.7 | 0.2 | 0.81% | 1.81% |
| TJX | The TJX Companies, Inc. | 2.46% | 27.3 | 24.9 | 2.6 | 1.30% | 2.29% |
| HONAV | Honeywell Aerospace Inc. Common Stock When Issued | 2.46% | — | — | — | — | — |
| MLM | Martin Marietta Materials, Inc. | 2.46% | 32.6 | 20.6 | 5.3 | 0.67% | 1.92% |
| COF | Capital One Financial Corporation | 2.42% | 13.0 | 8.5 | 2.6 | 1.59% | 4.73% |
| ROK | Rockwell Automation, Inc. | 2.37% | 39.9 | 29.8 | 5.3 | 1.30% | 1.51% |
| BAC | Bank of America Corporation | 2.37% | 12.2 | 10.8 | 3.1 | 2.50% | 4.92% |
| AEE | Ameren Corporation | 2.15% | 18.7 | 17.5 | 3.5 | 2.83% | 2.92% |
| EQR | Equity Residential | 2.11% | — | — | — | — | — |
| EXE | Expand Energy Corporation | 1.98% | 8.1 | 9.6 | 1.8 | 2.46% | 6.25% |
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 GVLE valuation
Adding up its 30 holdings with company data, GVLE trades at 23.8 times trailing earnings and 19.3 times analysts' forward estimates, with a price-to-book ratio of 3.77 and a dividend yield of 1.36%. Its earnings yield of 4.21% is 1.12 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 50.9% of the fund and earn 53.0% of its combined profit. By sector, Healthcare is the most expensive at 48.1 times earnings and Financial Services the cheapest at 13.6. Companies that lost money over the past year are 0.0% 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 95.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: GVLE chart, GVLE holdings, GVLE dividends.
GVLE valuation FAQ
What is the P/E ratio of GVLE?
Based on its holdings, GVLE has a trailing P/E of 23.8 and a forward P/E of 19.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of GVLE?
The trailing earnings yield is 4.21% (1 ÷ P/E) and the forward earnings yield 5.18%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is GVLE more expensive than the S&P 500?
GVLE trades at 23.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.3 and 19.9.
What is the price-to-book ratio of GVLE?
The holdings of GVLE trade at 3.77 times book value, with a combined return on equity of 15.9%.
Which sector in GVLE has the highest P/E?
Healthcare has the highest P/E at 48.1 and Financial Services the lowest at 13.6.