SPDR SSGA US Large Cap Low Volatility ETF (LGLV) Valuation
LGLV valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 23.9 trailing earnings
- Forward P/E
- 18.6 analyst estimates
- Price / sales
- 2.74
- Price / book
- 3.16
- EV / EBITDA
- 15.1
- Earnings yield
- 4.18% inverse of P/E
- Dividend yield
- 2.30% of the holdings
- Return on equity
- 13.2% combined
- Net margin
- 11.5% combined
- Beta
- 0.64 weighted, vs S&P 500
LGLV valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| LGLV | 23.9 | 18.6 | 2.74 | 3.16 | 2.30% | 13.2% | 11.5% | 1.1% |
| 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.
LGLV valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Industrials | 17.2% | 24.8 | 20.0 | 2.62 | 4.88 | 1.40% | 19.6% |
| Real Estate | 16.5% | 30.2 | 30.1 | 8.68 | 2.14 | 4.12% | 7.1% |
| Financial Services | 11.2% | 15.9 | 15.4 | 2.66 | 2.36 | 1.18% | 14.9% |
| Utilities | 11.1% | 20.3 | 16.3 | 2.60 | 1.93 | 3.31% | 9.5% |
| Technology | 10.1% | 25.2 | 18.6 | 5.11 | 5.52 | 1.44% | 21.9% |
| Consumer Cyclical | 9.0% | 23.4 | 17.8 | 1.78 | 7.23 | 2.36% | 31.0% |
| Healthcare | 8.0% | 31.8 | 17.3 | 1.72 | 3.64 | 1.63% | 11.4% |
| Consumer Defensive | 5.8% | 35.4 | 20.7 | 2.20 | 8.13 | 2.88% | 23.0% |
| Communication Services | 4.0% | 17.6 | 12.2 | 1.61 | 1.96 | 2.60% | 11.1% |
| Energy | 3.6% | 22.3 | 16.5 | 3.65 | 3.41 | 2.51% | 15.3% |
| Basic Materials | 3.2% | 41.1 | 18.9 | 2.38 | 3.73 | 1.57% | 9.1% |
LGLV 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 LGLV weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
LGLV largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| WELL | Welltower Inc. | 4.41% | 105.3 | 78.1 | 13.3 | 1.45% | 1.03% |
| O | Realty Income Corporation | 1.59% | 40.6 | 33.7 | 8.7 | 5.81% | 0.96% |
| EQR | Equity Residential | 1.52% | — | — | — | — | — |
| DUK | Duke Energy Corporation | 1.40% | 18.3 | 15.9 | 2.9 | 3.57% | 1.89% |
| CME | CME Group Inc. | 1.22% | 24.9 | 21.9 | 15.6 | 1.77% | 1.20% |
| KO | The Coca-Cola Company | 1.20% | 28.2 | 25.3 | 8.1 | 2.26% | 1.05% |
| ED | Consolidated Edison, Inc. | 1.20% | 18.2 | 16.1 | 2.3 | 3.16% | 1.62% |
| SO | The Southern Company | 1.20% | 22.0 | 17.0 | 3.5 | 3.33% | 1.34% |
| PEG | Public Service Enterprise Group Incorporated | 1.15% | 17.8 | 15.0 | 2.8 | 3.75% | 1.59% |
| TRV | The Travelers Companies, Inc. | 1.14% | 10.5 | 10.8 | 1.7 | 1.28% | 2.67% |
| V | Visa Inc. | 1.06% | 34.3 | 24.0 | 17.0 | 0.67% | 0.76% |
| JNJ | Johnson & Johnson | 1.04% | 38.8 | 21.0 | 6.2 | 2.10% | 0.66% |
| ADP | Automatic Data Processing, Inc. | 1.00% | 26.4 | 22.0 | 5.2 | 2.35% | 0.93% |
| BRK.B | Berkshire Hathaway Inc. | 1.00% | 13.4 | 22.7 | 3.0 | — | 1.84% |
| CSCO | Cisco Systems, Inc. | 0.98% | 32.2 | 19.8 | 6.7 | 1.56% | 0.75% |
| MRSH | Marsh & McLennan Companies, Inc. | 0.96% | 22.5 | 15.0 | 3.2 | 2.10% | 1.05% |
| PEP | PepsiCo, Inc. | 0.96% | 16.5 | 14.9 | 1.8 | 4.50% | 1.42% |
| CL | Colgate-Palmolive Company | 0.94% | 37.1 | 21.0 | 3.6 | 2.25% | 0.63% |
| GD | General Dynamics Corporation | 0.94% | 21.0 | 18.5 | 1.7 | 1.85% | 1.10% |
| MA | Mastercard Incorporated | 0.92% | 34.0 | 24.2 | 15.4 | 0.56% | 0.66% |
| BDX | Becton, Dickinson and Company | 0.91% | 44.6 | 13.7 | 2.3 | 2.19% | 0.50% |
| AEE | Ameren Corporation | 0.91% | 18.7 | 17.5 | 3.5 | 2.83% | 1.20% |
| CB | Chubb Limited | 0.89% | 12.7 | 11.6 | 2.2 | 1.13% | 1.72% |
| PG | The Procter & Gamble Company | 0.89% | 24.1 | 21.2 | 4.3 | 2.73% | 0.91% |
| AFL | Aflac Incorporated | 0.89% | 12.9 | 15.2 | 3.3 | 2.03% | 1.69% |
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 LGLV valuation
Adding up its 165 holdings with company data, LGLV trades at 23.9 times trailing earnings and 18.6 times analysts' forward estimates, with a price-to-book ratio of 3.16 and a dividend yield of 2.30%. Its earnings yield of 4.18% is 1.14 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 16.0% of the fund and earn 14.1% of its combined profit. By sector, Basic Materials is the most expensive at 41.1 times earnings and Financial Services the cheapest at 15.9. Companies that lost money over the past year are 1.1% 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 97.1% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: LGLV chart, LGLV performance, LGLV holdings, LGLV dividends.
LGLV valuation FAQ
What is the P/E ratio of LGLV?
Based on its holdings, LGLV has a trailing P/E of 23.9 and a forward P/E of 18.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of LGLV?
The trailing earnings yield is 4.18% (1 ÷ P/E) and the forward earnings yield 5.37%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is LGLV more expensive than the S&P 500?
LGLV trades at 23.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 18.6 and 19.9.
What is the price-to-book ratio of LGLV?
The holdings of LGLV trade at 3.16 times book value, with a combined return on equity of 13.2%.
Which sector in LGLV has the highest P/E?
Basic Materials has the highest P/E at 41.1 and Financial Services the lowest at 15.9.