Level Four Large Cap Growth Active ETF (LGRO) Valuation
LGRO valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 28.7 trailing earnings
- Forward P/E
- 19.9 analyst estimates
- Price / sales
- 3.56
- Price / book
- 6.74
- EV / EBITDA
- 17.1
- Earnings yield
- 3.49% inverse of P/E
- Dividend yield
- 0.63% of the holdings
- Return on equity
- 23.5% combined
- Net margin
- 12.4% combined
- Beta
- 1.23 weighted, vs S&P 500
LGRO valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| LGRO | 28.7 | 19.9 | 3.56 | 6.74 | 0.63% | 23.5% | 12.4% | 4.8% |
| 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.
LGRO valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 51.7% | 43.8 | 24.4 | 8.15 | 10.31 | 0.32% | 23.5% |
| Consumer Cyclical | 10.8% | 19.2 | 18.1 | 1.93 | 6.89 | 0.64% | 36.0% |
| Financial Services | 9.1% | 16.5 | 13.3 | 2.81 | 3.55 | 1.21% | 21.5% |
| Communication Services | 9.1% | 21.2 | 19.6 | 5.75 | 4.79 | 0.33% | 22.6% |
| Healthcare | 7.9% | 32.5 | 19.6 | 1.56 | 5.38 | 1.43% | 16.6% |
| Energy | 2.6% | 16.8 | 9.7 | 0.77 | 3.25 | 1.81% | 19.4% |
| Industrials | 2.5% | 22.5 | 18.0 | 2.69 | 6.99 | 1.22% | 31.1% |
| Consumer Defensive | 1.3% | 16.8 | 11.6 | 2.39 | 3.05 | 2.09% | 18.1% |
LGRO 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 LGRO weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
LGRO largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MSFT | Microsoft Corporation | 7.38% | 29.5 | 25.1 | 11.8 | 0.74% | 7.56% |
| AAPL | Apple Inc. | 7.29% | 39.4 | 35.2 | 10.7 | 0.31% | 5.59% |
| AMZN | Amazon.com, Inc. | 4.34% | 20.1 | 23.6 | 3.5 | — | 6.51% |
| GOOGL | Alphabet Inc. | 4.13% | 17.1 | 22.8 | 9.3 | 0.26% | 7.29% |
| NVDA | NVIDIA Corporation | 3.95% | 27.1 | 24.9 | 17.1 | 0.47% | 4.41% |
| TWLO | Twilio Inc | 3.89% | 33.8 | 43.7 | 6.7 | — | 3.47% |
| UNH | UnitedHealth Group Incorporated | 3.65% | 25.8 | 16.6 | 0.8 | 2.31% | 4.26% |
| PYPL | PayPal Holdings, Inc. | 3.63% | 10.7 | 9.1 | 1.4 | 0.99% | 10.23% |
| SNOW | Snowflake Inc. | 3.26% | — | 169.5 | 19.9 | — | −1.02% |
| NOW | ServiceNow, Inc. | 2.94% | 88.7 | 27.8 | 10.0 | — | 1.00% |
| PSX | Phillips 66 | 2.60% | 16.8 | 9.7 | 0.8 | 1.81% | 4.69% |
| CRM | Salesforce, Inc. | 2.54% | 22.0 | 14.0 | 4.5 | 0.73% | 3.49% |
| META | Meta Platforms, Inc. | 2.44% | 26.7 | 22.1 | 7.9 | 0.30% | 2.76% |
| MDB | MongoDB, Inc. | 2.26% | 468.8 | 70.4 | 9.8 | — | 0.15% |
| MU | Micron Technology, Inc. | 2.21% | 11.8 | 7.0 | 7.5 | 0.07% | 5.65% |
| UBER | Uber Technologies, Inc. | 2.19% | 15.4 | 15.9 | 2.6 | — | 4.29% |
| DOCU | DocuSign, Inc. | 2.19% | 45.5 | 15.1 | 4.2 | — | 1.45% |
| MPWR | Monolithic Power Systems, Inc. | 1.93% | 73.7 | 38.8 | 18.2 | 0.66% | 0.79% |
| MA | Mastercard Incorporated | 1.89% | 34.0 | 24.2 | 15.4 | 0.56% | 1.68% |
| BLK | BlackRock, Inc. | 1.63% | 25.8 | 16.4 | 6.5 | 2.02% | 1.91% |
| AVGO | Broadcom Inc. | 1.62% | 43.3 | 19.4 | 17.6 | 0.79% | 1.13% |
| BKNG | Booking Holdings Inc. | 1.60% | 18.1 | 13.3 | 4.3 | 1.03% | 2.67% |
| PANW | Palo Alto Networks, Inc. | 1.60% | 855.0 | 94.3 | 24.4 | — | 0.06% |
| RH | RH | 1.50% | 20.0 | 22.7 | 0.6 | — | 2.27% |
| RAL | Ralliant Corporation | 1.34% | — | 21.7 | 3.4 | 0.30% | −6.66% |
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 LGRO valuation
Adding up its 48 holdings with company data, LGRO trades at 28.7 times trailing earnings and 19.9 times analysts' forward estimates, with a price-to-book ratio of 6.74 and a dividend yield of 0.63%. Its earnings yield of 3.49% is 1.84 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 44.5% of the fund and earn 49.3% of its combined profit. By sector, Technology is the most expensive at 43.8 times earnings and Financial Services the cheapest at 16.5. Companies that lost money over the past year are 4.8% 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: LGRO chart, LGRO performance, LGRO holdings, LGRO dividends.
LGRO valuation FAQ
What is the P/E ratio of LGRO?
Based on its holdings, LGRO has a trailing P/E of 28.7 and a forward P/E of 19.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of LGRO?
The trailing earnings yield is 3.49% (1 ÷ P/E) and the forward earnings yield 5.04%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is LGRO more expensive than the S&P 500?
LGRO trades at 28.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.9 and 19.9.
What is the price-to-book ratio of LGRO?
The holdings of LGRO trade at 6.74 times book value, with a combined return on equity of 23.5%.
Which sector in LGRO has the highest P/E?
Technology has the highest P/E at 43.8 and Financial Services the lowest at 16.5.