Vanguard S&P Mid-Cap 400 Value ETF (IVOV) Valuation
IVOV valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 20.4 trailing earnings
- Forward P/E
- 12.4 analyst estimates
- Price / sales
- 1.00
- Price / book
- 1.97
- EV / EBITDA
- 10.0
- Earnings yield
- 4.90% inverse of P/E
- Dividend yield
- 1.88% of the holdings
- Return on equity
- 9.6% combined
- Net margin
- 4.9% combined
- Beta
- 1.00 weighted, vs S&P 500
IVOV valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| IVOV | 20.4 | 12.4 | 1.00 | 1.97 | 1.88% | 9.6% | 4.9% | 8.3% |
| 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.
IVOV valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 21.0% | 12.4 | 9.3 | 1.78 | 1.35 | 2.49% | 10.9% |
| Industrials | 17.7% | 36.7 | 14.7 | 0.84 | 3.00 | 1.18% | 8.2% |
| Consumer Cyclical | 13.3% | 16.4 | 11.9 | 0.66 | 2.27 | 1.46% | 13.8% |
| Technology | 10.6% | 29.1 | 13.4 | 0.85 | 3.36 | 0.42% | 11.6% |
| Real Estate | 9.1% | 28.1 | 19.7 | 2.94 | 1.68 | 4.98% | 6.0% |
| Energy | 7.6% | 13.4 | 9.8 | 1.17 | 1.39 | 1.96% | 10.4% |
| Basic Materials | 5.4% | 28.3 | 13.0 | 0.98 | 2.18 | 1.39% | 7.7% |
| Consumer Defensive | 4.6% | 23.1 | 13.8 | 0.38 | 2.82 | 0.54% | 12.2% |
| Healthcare | 4.4% | n/m | 18.0 | 1.13 | 2.66 | 0.21% | −3.5% |
| Utilities | 4.2% | 18.6 | 14.3 | 2.32 | 1.56 | 3.66% | 8.4% |
| Communication Services | 0.7% | 18.5 | 8.7 | 1.32 | 1.41 | 2.86% | 7.6% |
IVOV 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 IVOV weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
IVOV largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| SNX | TD SYNNEX Corporation | 1.22% | 15.0 | 12.7 | 0.3 | 0.78% | 1.72% |
| USFD | US Foods Holding Corp. | 1.21% | 31.4 | 17.0 | 0.5 | — | 0.82% |
| RS | Reliance Steel & Aluminum Co. | 1.20% | 23.9 | 16.4 | 1.3 | 1.22% | 1.06% |
| WCC | WESCO International, Inc. | 1.12% | 23.6 | 18.2 | 0.7 | 0.59% | 1.00% |
| YZ8 | Permian Resources Corporation | 1.06% | — | — | — | — | — |
| RGA | Reinsurance Group of America, Incorporated | 1.03% | 11.7 | 7.7 | 0.7 | 1.47% | 1.85% |
| DINO | HF Sinclair Corporation | 0.99% | 11.9 | 10.0 | 0.7 | 1.68% | 1.75% |
| OVV | Ovintiv Inc. | 0.96% | 19.3 | 9.0 | 2.0 | 1.73% | 1.05% |
| SN | SharkNinja, Inc. | 0.94% | 38.1 | 23.1 | 3.8 | — | 0.52% |
| AAYA | ANNALY CAP.MGMT DL -01 | 0.92% | — | — | — | — | — |
| PFGC | Performance Food Group Company | 0.89% | 42.7 | 16.6 | 0.2 | — | 0.44% |
| PNFP | Pinnacle Financial Partners, Inc. | 0.88% | 13.0 | 8.2 | 4.3 | 2.11% | 1.43% |
| ENTG | Entegris, Inc. | 0.88% | 69.4 | 31.6 | 6.4 | 0.29% | 0.27% |
| ARMK | Aramark | 0.88% | 38.7 | 21.5 | 0.7 | 0.87% | 0.48% |
| JLL | Jones Lang LaSalle Incorporated | 0.86% | 14.7 | 10.4 | 0.5 | — | 1.25% |
| UNM | Unum Group | 0.79% | 21.5 | 8.5 | 1.1 | 2.19% | 0.78% |
| BWA | BorgWarner Inc. | 0.75% | 29.1 | 11.9 | 0.8 | 1.17% | 0.55% |
| TOL | Toll Brothers, Inc. | 0.75% | 10.8 | 10.0 | 1.1 | 0.78% | 1.47% |
| CNHI | CNH Industrial N.V. | 0.72% | — | — | — | — | — |
| ARW | Arrow Electronics, Inc. | 0.71% | 13.7 | 5.0 | 0.3 | — | 1.10% |
| CCK | Crown Holdings, Inc. | 0.71% | 16.4 | 12.1 | 0.9 | 1.15% | 0.91% |
| BJ | BJ's Wholesale Club Holdings, Inc. | 0.71% | 21.7 | 19.2 | 0.6 | — | 0.69% |
| WTRG | Essential Utilities, Inc. | 0.69% | 20.8 | 16.8 | 4.5 | 3.53% | 0.70% |
| FHN | First Horizon Corporation | 0.66% | 16.6 | 10.0 | 3.6 | 2.97% | 0.84% |
| AA | Alcoa Corporation | 0.66% | 7.2 | 8.0 | 0.8 | 0.97% | 1.93% |
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 IVOV valuation
Adding up its 290 holdings with company data, IVOV trades at 20.4 times trailing earnings and 12.4 times analysts' forward estimates, with a price-to-book ratio of 1.97 and a dividend yield of 1.88%. Its earnings yield of 4.90% is 0.43 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 10.6% of the fund and earn 11.6% of its combined profit. By sector, Industrials is the most expensive at 36.7 times earnings and Financial Services the cheapest at 12.4. Companies that lost money over the past year are 8.3% 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 96.7% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: IVOV chart, IVOV performance, IVOV holdings, IVOV dividends.
IVOV valuation FAQ
What is the P/E ratio of IVOV?
Based on its holdings, IVOV has a trailing P/E of 20.4 and a forward P/E of 12.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of IVOV?
The trailing earnings yield is 4.90% (1 ÷ P/E) and the forward earnings yield 8.09%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is IVOV more expensive than the S&P 500?
IVOV trades at 20.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 12.4 and 19.9.
What is the price-to-book ratio of IVOV?
The holdings of IVOV trade at 1.97 times book value, with a combined return on equity of 9.6%.
Which sector in IVOV has the highest P/E?
Industrials has the highest P/E at 36.7 and Financial Services the lowest at 12.4.