iShares Core High Dividend ETF (HDV) Valuation
HDV valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 21.4 trailing earnings
- Forward P/E
- 15.5 analyst estimates
- Price / sales
- 2.86
- Price / book
- 3.82
- EV / EBITDA
- 12.1
- Earnings yield
- 4.67% inverse of P/E
- Dividend yield
- 3.32% of the holdings
- Return on equity
- 17.9% combined
- Net margin
- 13.4% combined
- Beta
- 0.49 weighted, vs S&P 500
HDV valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| HDV | 21.4 | 15.5 | 2.86 | 3.82 | 3.32% | 17.9% | 13.4% | 0.9% |
| 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.
HDV valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Consumer Defensive | 27.1% | 21.5 | 17.3 | 3.25 | 9.14 | 3.62% | 42.4% |
| Energy | 24.7% | 20.5 | 14.6 | 2.31 | 2.35 | 2.83% | 11.5% |
| Healthcare | 13.5% | 41.1 | 16.3 | 5.60 | 8.14 | 2.48% | 19.8% |
| Utilities | 10.9% | 20.4 | 16.6 | 3.29 | 2.17 | 3.40% | 10.7% |
| Consumer Cyclical | 9.7% | 22.4 | 19.2 | 2.35 | 23.62 | 2.99% | 105.3% |
| Communication Services | 5.3% | 11.7 | 8.7 | 1.34 | 1.86 | 6.32% | 15.9% |
| Financial Services | 4.6% | 14.4 | 11.9 | 4.18 | 2.16 | 4.14% | 15.1% |
| Industrials | 1.6% | 21.8 | 19.0 | 3.15 | 9.97 | 2.55% | 45.7% |
| Technology | 1.5% | 28.9 | 18.0 | 5.34 | 7.86 | 3.37% | 27.2% |
| Basic Materials | 0.8% | n/m | 19.9 | 5.29 | 4.60 | 2.42% | −0.3% |
HDV 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 HDV weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
HDV largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| XOM | Exxon Mobil Corporation | 8.89% | 23.0 | 14.8 | 2.0 | 2.30% | 8.29% |
| CVX | Chevron Corporation | 7.26% | 21.2 | 15.2 | 2.1 | 3.16% | 7.35% |
| ABBV | AbbVie Inc. | 6.84% | 80.6 | 16.4 | 7.8 | 2.42% | 1.82% |
| PG | The Procter & Gamble Company | 5.52% | 24.1 | 21.2 | 4.3 | 2.73% | 4.93% |
| VZ | Verizon Communications Inc. | 5.33% | 11.7 | 8.7 | 1.3 | 6.32% | 9.81% |
| HD | The Home Depot, Inc. | 4.79% | 21.5 | 19.8 | 1.8 | 3.01% | 4.77% |
| PM | Philip Morris International Inc. | 4.78% | 29.5 | 20.9 | 7.5 | 3.12% | 3.48% |
| KO | The Coca-Cola Company | 4.35% | 28.2 | 25.3 | 8.1 | 2.26% | 3.32% |
| PEP | PepsiCo, Inc. | 4.12% | 16.5 | 14.9 | 1.8 | 4.50% | 5.35% |
| MO | Altria Group, Inc. | 3.97% | 15.8 | 11.9 | 6.1 | 5.91% | 5.40% |
| AMGN | Amgen Inc. | 2.85% | 26.9 | 16.7 | 6.1 | 2.33% | 2.28% |
| MCD | McDonald's Corporation | 2.47% | 19.7 | 17.1 | 6.2 | 3.18% | 2.69% |
| NEE | NextEra Energy, Inc. | 2.40% | 17.9 | 17.7 | 5.8 | 3.12% | 2.87% |
| COP | ConocoPhillips | 2.25% | 19.4 | 12.7 | 2.7 | 2.29% | 2.49% |
| ABT | Abbott Laboratories | 1.93% | 33.8 | 17.1 | 3.9 | 2.40% | 1.23% |
| SO | The Southern Company | 1.90% | 22.0 | 17.0 | 3.5 | 3.33% | 1.86% |
| MDT | Medtronic plc | 1.86% | 23.3 | 14.9 | 3.2 | 3.04% | 1.71% |
| BX | Blackstone Inc. | 1.63% | 23.9 | 15.9 | 8.2 | 4.91% | 1.46% |
| PNC | The PNC Financial Services Group, Inc. | 1.43% | 11.6 | 10.7 | 3.5 | 3.68% | 2.65% |
| MDLZ | Mondelez International, Inc. | 1.36% | 23.5 | 18.2 | 2.1 | 3.25% | 1.25% |
| SBUX | Starbucks Corporation | 1.35% | 56.4 | 30.9 | 2.9 | 2.58% | 0.51% |
| OKE | ONEOK, Inc. | 1.27% | 16.1 | 14.5 | 1.5 | 4.59% | 1.70% |
| KMI | Kinder Morgan, Inc. | 1.24% | 22.1 | 20.0 | 4.2 | 3.45% | 1.20% |
| EOG | EOG Resources, Inc. | 1.20% | 12.3 | 10.1 | 3.1 | 2.58% | 2.10% |
| WMB | The Williams Companies, Inc. | 1.19% | 28.4 | 26.8 | 7.1 | 2.95% | 0.90% |
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 HDV valuation
Adding up its 74 holdings with company data, HDV trades at 21.4 times trailing earnings and 15.5 times analysts' forward estimates, with a price-to-book ratio of 3.82 and a dividend yield of 3.32%. Its earnings yield of 4.67% is 0.66 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 55.8% of the fund and earn 54.5% of its combined profit. By sector, Healthcare is the most expensive at 41.1 times earnings and Communication Services the cheapest at 11.7. Companies that lost money over the past year are 0.9% 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 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: HDV chart, HDV performance, HDV holdings, HDV dividends.
HDV valuation FAQ
What is the P/E ratio of HDV?
Based on its holdings, HDV has a trailing P/E of 21.4 and a forward P/E of 15.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of HDV?
The trailing earnings yield is 4.67% (1 ÷ P/E) and the forward earnings yield 6.47%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is HDV more expensive than the S&P 500?
HDV trades at 21.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 15.5 and 19.9.
What is the price-to-book ratio of HDV?
The holdings of HDV trade at 3.82 times book value, with a combined return on equity of 17.9%.
Which sector in HDV has the highest P/E?
Healthcare has the highest P/E at 41.1 and Communication Services the lowest at 11.7.