Morgan Dempsey Large Cap Value ETF (MDLV) Valuation
MDLV valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 19.5 trailing earnings
- Forward P/E
- 15.0 analyst estimates
- Price / sales
- 2.41
- Price / book
- 2.99
- EV / EBITDA
- 12.1
- Earnings yield
- 5.14% inverse of P/E
- Dividend yield
- 3.12% of the holdings
- Return on equity
- 15.3% combined
- Net margin
- 12.4% combined
- Beta
- 0.59 weighted, vs S&P 500
MDLV valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| MDLV | 19.5 | 15.0 | 2.41 | 2.99 | 3.12% | 15.3% | 12.4% | 0.0% |
| 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.
MDLV valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 14.3% | 13.7 | 11.1 | 1.70 | 1.62 | 2.65% | 11.8% |
| Industrials | 14.2% | 21.4 | 15.8 | 1.67 | 5.88 | 3.03% | 27.5% |
| Utilities | 12.5% | 21.1 | 16.6 | 2.97 | 2.07 | 3.40% | 9.8% |
| Energy | 11.3% | 22.2 | 15.0 | 2.07 | 2.34 | 2.69% | 10.5% |
| Healthcare | 8.6% | 39.6 | 17.0 | 4.72 | 4.65 | 2.45% | 11.7% |
| Consumer Defensive | 8.2% | 23.8 | 20.0 | 4.06 | 13.91 | 3.17% | 58.4% |
| Technology | 7.2% | 27.7 | 20.0 | 5.06 | 8.07 | 2.22% | 29.1% |
| Communication Services | 5.2% | 9.1 | 9.3 | 1.30 | 1.69 | 5.45% | 18.5% |
| Consumer Cyclical | 3.5% | 26.9 | 20.9 | 4.23 | 99.67 | 2.93% | 370.2% |
| Real Estate | 3.3% | 30.2 | 24.7 | 10.06 | 3.69 | 4.26% | 12.2% |
| Basic Materials | 2.2% | 12.2 | 12.1 | 2.38 | 2.42 | 5.15% | 19.8% |
MDLV 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 MDLV weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
MDLV largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| XOM | Exxon Mobil Corporation | 4.43% | 23.0 | 14.8 | 2.0 | 2.30% | 4.36% |
| BIL | SPDR® Bloomberg 1-3 Month T-Bill ETF | 4.12% | — | — | — | — | — |
| CVX | Chevron Corporation | 3.68% | 21.2 | 15.2 | 2.1 | 3.16% | 3.92% |
| JNJ | Johnson & Johnson | 3.35% | 38.8 | 21.0 | 6.2 | 2.10% | 1.95% |
| ETR | Entergy Corporation | 3.31% | 26.9 | 19.6 | 3.7 | 2.44% | 2.79% |
| KO | The Coca-Cola Company | 3.25% | 28.2 | 25.3 | 8.1 | 2.26% | 2.61% |
| PPL | Pembina Pipeline Corp | 3.24% | — | — | — | — | — |
| CME | CME Group Inc. | 3.05% | 24.9 | 21.9 | 15.6 | 1.77% | 2.77% |
| LMT | Lockheed Martin Corporation | 2.94% | 20.3 | 16.2 | 1.7 | 2.61% | 3.27% |
| WEC | WEC Energy Group, Inc. | 2.91% | 21.1 | 16.9 | 3.5 | 3.50% | 3.12% |
| T | AT&T Inc. | 2.89% | 7.7 | 9.9 | 1.3 | 4.74% | 8.44% |
| CSCO | Cisco Systems, Inc. | 2.82% | 32.2 | 19.8 | 6.7 | 1.56% | 1.98% |
| IBM | International Business Machines Corporation | 2.79% | 20.6 | 17.4 | 3.2 | 2.91% | 3.06% |
| GD | General Dynamics Corporation | 2.79% | 21.0 | 18.5 | 1.7 | 1.85% | 3.00% |
| MRK | Merck & Co., Inc. | 2.76% | 115.8 | 15.3 | 5.4 | 2.33% | 0.54% |
| UPS | United Parcel Service, Inc. | 2.70% | 18.1 | 12.0 | 0.9 | 6.73% | 3.37% |
| WFC | Wells Fargo & Company | 2.63% | 11.8 | 10.2 | 3.0 | 2.38% | 5.04% |
| PM | Philip Morris International Inc. | 2.62% | 29.5 | 20.9 | 7.5 | 3.12% | 2.01% |
| C | Citigroup Inc. | 2.53% | 12.1 | 10.2 | 2.5 | 2.16% | 4.72% |
| MDT | Medtronic plc | 2.49% | 23.3 | 14.9 | 3.2 | 3.04% | 2.42% |
| VOYA | Voya Financial, Inc. | 2.46% | 15.8 | 8.7 | 1.0 | 2.00% | 3.52% |
| VZ | Verizon Communications Inc. | 2.36% | 11.7 | 8.7 | 1.3 | 6.32% | 4.58% |
| PEP | PepsiCo, Inc. | 2.30% | 16.5 | 14.9 | 1.8 | 4.50% | 3.15% |
| CMI | Cummins Inc. | 2.27% | 27.2 | 15.4 | 2.1 | 1.66% | 1.89% |
| DUK | Duke Energy Corporation | 2.22% | 18.3 | 15.9 | 2.9 | 3.57% | 2.75% |
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 MDLV valuation
Adding up its 34 holdings with company data, MDLV trades at 19.5 times trailing earnings and 15.0 times analysts' forward estimates, with a price-to-book ratio of 2.99 and a dividend yield of 3.12%. Its earnings yield of 5.14% is 0.19 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 34.3% of the fund and earn 35.2% of its combined profit. By sector, Healthcare is the most expensive at 39.6 times earnings and Communication Services the cheapest at 9.1. Companies that lost money over the past year are 0.0% 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 89.2% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: MDLV chart, MDLV performance, MDLV holdings, MDLV dividends.
MDLV valuation FAQ
What is the P/E ratio of MDLV?
Based on its holdings, MDLV has a trailing P/E of 19.5 and a forward P/E of 15.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of MDLV?
The trailing earnings yield is 5.14% (1 ÷ P/E) and the forward earnings yield 6.65%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is MDLV more expensive than the S&P 500?
MDLV trades at 19.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 15.0 and 19.9.
What is the price-to-book ratio of MDLV?
The holdings of MDLV trade at 2.99 times book value, with a combined return on equity of 15.3%.
Which sector in MDLV has the highest P/E?
Healthcare has the highest P/E at 39.6 and Communication Services the lowest at 9.1.