U.S. High Divided ETF (JHDV) Valuation
JHDV valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 19.0 trailing earnings
- Forward P/E
- 15.3 analyst estimates
- Price / sales
- 2.88
- Price / book
- 3.97
- EV / EBITDA
- 14.3
- Earnings yield
- 5.26% inverse of P/E
- Dividend yield
- 2.57% of the holdings
- Return on equity
- 20.9% combined
- Net margin
- 15.1% combined
- Beta
- 1.13 weighted, vs S&P 500
JHDV valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| JHDV | 19.0 | 15.3 | 2.88 | 3.97 | 2.57% | 20.9% | 15.1% | 1.2% |
| 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.
JHDV valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 44.4% | 28.1 | 21.4 | 7.94 | 12.29 | 1.09% | 43.7% |
| Financial Services | 16.4% | 13.8 | 11.6 | 2.24 | 2.21 | 2.87% | 16.0% |
| Healthcare | 7.0% | 26.7 | 15.0 | 2.66 | 5.63 | 2.53% | 21.1% |
| Industrials | 6.8% | 28.5 | 18.5 | 2.16 | 7.87 | 2.50% | 27.6% |
| Real Estate | 5.9% | 11.5 | 11.4 | 4.61 | 1.50 | 6.66% | 13.0% |
| Communication Services | 4.8% | 8.9 | 7.4 | 0.90 | 1.17 | 5.83% | 13.1% |
| Consumer Defensive | 4.7% | 19.2 | 15.0 | 3.09 | 18.09 | 4.54% | 94.0% |
| Consumer Cyclical | 4.3% | 17.9 | 15.1 | 0.88 | 5.41 | 3.85% | 30.2% |
| Energy | 2.6% | 21.4 | 16.1 | 2.38 | 2.14 | 3.23% | 10.0% |
| Utilities | 1.8% | 6.6 | 8.9 | 1.20 | 1.23 | 5.97% | 18.6% |
| Basic Materials | 0.3% | 34.3 | 18.1 | 3.86 | 5.18 | 0.86% | 15.1% |
JHDV 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 JHDV weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
JHDV largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 8.32% | 27.1 | 24.9 | 17.1 | 0.47% | 5.89% |
| AAPL | Apple Inc. | 5.87% | 39.4 | 35.2 | 10.7 | 0.31% | 2.86% |
| MSFT | Microsoft Corporation | 5.66% | 29.5 | 25.1 | 11.8 | 0.74% | 3.69% |
| AVGO | Broadcom Inc. | 2.42% | 43.3 | 19.4 | 17.6 | 0.79% | 1.07% |
| PAYX | Paychex, Inc. | 2.15% | 22.1 | 17.5 | 6.0 | 4.26% | 1.86% |
| PGR | The Progressive Corporation | 2.09% | 11.0 | 12.7 | 1.4 | 0.18% | 3.64% |
| GLPI | Gaming and Leisure Properties, Inc. | 2.08% | 11.5 | 11.8 | 7.1 | 8.35% | 3.47% |
| UPS | United Parcel Service, Inc. | 2.08% | 18.1 | 12.0 | 0.9 | 6.73% | 2.20% |
| MO | Altria Group, Inc. | 2.07% | 15.8 | 11.9 | 6.1 | 5.91% | 2.51% |
| VICI | VICI Properties Inc. | 2.02% | 9.2 | 7.8 | 6.3 | 7.80% | 4.23% |
| VZ | Verizon Communications Inc. | 2.01% | 11.7 | 8.7 | 1.3 | 6.32% | 3.31% |
| CVX | Chevron Corporation | 1.98% | 21.2 | 15.2 | 2.1 | 3.16% | 1.79% |
| ORCL | Oracle Corporation | 1.94% | 20.1 | 17.8 | 5.4 | 1.56% | 1.85% |
| MU | Micron Technology, Inc. | 1.93% | 11.8 | 7.0 | 7.5 | 0.07% | 3.14% |
| AFG | American Financial Group, Inc. | 1.92% | 13.0 | 11.5 | 1.5 | 2.60% | 2.82% |
| CMCSA | Comcast Corporation | 1.90% | 7.1 | 5.9 | 0.6 | 6.03% | 5.15% |
| TROW | T. Rowe Price Group, Inc. | 1.88% | 10.1 | 10.2 | 2.8 | 5.15% | 3.56% |
| BAP | Credicorp Ltd. | 1.80% | 14.7 | 10.1 | 1.4 | 3.69% | 2.35% |
| IBM | International Business Machines Corporation | 1.76% | 20.6 | 17.4 | 3.2 | 2.91% | 1.64% |
| HST | Host Hotels & Resorts, Inc. | 1.76% | 16.2 | 22.2 | 2.7 | 3.34% | 2.09% |
| CSCO | Cisco Systems, Inc. | 1.74% | 32.2 | 19.8 | 6.7 | 1.56% | 1.03% |
| BLK | BlackRock, Inc. | 1.73% | 25.8 | 16.4 | 6.5 | 2.02% | 1.29% |
| LRCX | Lam Research Corporation | 1.68% | 45.8 | 33.7 | 14.2 | 0.50% | 0.70% |
| GS | The Goldman Sachs Group, Inc. | 1.66% | 12.7 | 12.8 | 3.6 | 2.27% | 2.51% |
| COLB | Columbia Banking System, Inc. | 1.64% | 11.2 | 8.6 | 3.2 | 5.20% | 2.82% |
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 JHDV valuation
Adding up its 73 holdings with company data, JHDV trades at 19.0 times trailing earnings and 15.3 times analysts' forward estimates, with a price-to-book ratio of 3.97 and a dividend yield of 2.57%. Its earnings yield of 5.26% is 0.07 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 34.8% of the fund and earn 31.4% of its combined profit. By sector, Basic Materials is the most expensive at 34.3 times earnings and Utilities the cheapest at 6.6. Companies that lost money over the past year are 1.2% 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: JHDV chart, JHDV performance, JHDV holdings, JHDV dividends.
JHDV valuation FAQ
What is the P/E ratio of JHDV?
Based on its holdings, JHDV has a trailing P/E of 19.0 and a forward P/E of 15.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of JHDV?
The trailing earnings yield is 5.26% (1 ÷ P/E) and the forward earnings yield 6.55%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is JHDV more expensive than the S&P 500?
JHDV trades at 19.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 15.3 and 19.9.
What is the price-to-book ratio of JHDV?
The holdings of JHDV trade at 3.97 times book value, with a combined return on equity of 20.9%.
Which sector in JHDV has the highest P/E?
Basic Materials has the highest P/E at 34.3 and Utilities the lowest at 6.6.