Vanguard Mega Cap Value ETF (MGV) Valuation
MGV valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 20.4 trailing earnings
- Forward P/E
- 15.3 analyst estimates
- Price / sales
- 2.63
- Price / book
- 3.68
- EV / EBITDA
- 14.0
- Earnings yield
- 4.91% inverse of P/E
- Dividend yield
- 1.93% of the holdings
- Return on equity
- 18.1% combined
- Net margin
- 12.9% combined
- Beta
- 0.83 weighted, vs S&P 500
MGV valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| MGV | 20.4 | 15.3 | 2.63 | 3.68 | 1.93% | 18.1% | 12.9% | 0.9% |
| 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.
MGV valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 23.1% | 14.3 | 13.9 | 3.41 | 1.98 | 1.63% | 13.8% |
| Healthcare | 18.5% | 35.1 | 15.9 | 1.69 | 4.71 | 2.18% | 13.4% |
| Technology | 16.0% | 17.5 | 11.4 | 5.01 | 7.87 | 1.04% | 44.9% |
| Industrials | 11.0% | 27.4 | 22.0 | 3.06 | 6.92 | 1.58% | 25.2% |
| Consumer Defensive | 10.8% | 28.8 | 24.0 | 2.35 | 10.17 | 2.27% | 35.3% |
| Energy | 6.6% | 21.2 | 14.6 | 2.24 | 2.42 | 2.60% | 11.4% |
| Consumer Cyclical | 3.7% | 23.3 | 20.1 | 2.34 | 32.15 | 2.65% | 138.1% |
| Communication Services | 3.3% | 11.3 | 9.7 | 1.30 | 1.61 | 4.28% | 14.3% |
| Basic Materials | 2.2% | 28.1 | 19.7 | 4.77 | 5.82 | 1.08% | 20.8% |
| Utilities | 1.7% | 19.0 | 17.0 | 4.02 | 2.30 | 3.29% | 12.1% |
| Real Estate | 1.0% | 26.8 | 27.2 | 10.14 | 3.62 | 3.58% | 13.5% |
MGV 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 MGV weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
MGV largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MU | Micron Technology, Inc. | 5.87% | 11.8 | 7.0 | 7.5 | 0.07% | 10.33% |
| JPM | JPMorgan Chase & Co. | 4.11% | 14.2 | 13.5 | 4.7 | 1.94% | 6.01% |
| BRK.B | Berkshire Hathaway Inc. | 3.44% | 13.4 | 22.7 | 3.0 | — | 5.35% |
| XOM | Exxon Mobil Corporation | 3.31% | 23.0 | 14.8 | 2.0 | 2.30% | 2.99% |
| JNJ | Johnson & Johnson | 3.28% | 38.8 | 21.0 | 6.2 | 2.10% | 1.76% |
| ABBV | AbbVie Inc. | 2.17% | 80.6 | 16.4 | 7.8 | 2.42% | 0.56% |
| WMT | Walmart Inc. | 2.16% | 43.0 | 38.0 | 1.3 | 0.83% | 1.05% |
| COST | Costco Wholesale Corporation | 1.92% | 47.6 | 40.3 | 1.4 | 0.59% | 0.84% |
| CAT | Caterpillar Inc. | 1.88% | 31.5 | 25.4 | 4.5 | 0.89% | 1.24% |
| CVX | Chevron Corporation | 1.87% | 21.2 | 15.2 | 2.1 | 3.16% | 1.84% |
| BAC | Bank of America Corporation | 1.82% | 12.2 | 10.8 | 3.1 | 2.50% | 3.10% |
| CSCO | Cisco Systems, Inc. | 1.80% | 32.2 | 19.8 | 6.7 | 1.56% | 1.16% |
| MRK | Merck & Co., Inc. | 1.71% | 115.8 | 15.3 | 5.4 | 2.33% | 0.31% |
| UNH | UnitedHealth Group Incorporated | 1.69% | 25.8 | 16.6 | 0.8 | 2.31% | 1.36% |
| KO | The Coca-Cola Company | 1.66% | 28.2 | 25.3 | 8.1 | 2.26% | 1.23% |
| GCP | General Electric Company | 1.65% | — | — | — | — | — |
| PG | The Procter & Gamble Company | 1.63% | 24.1 | 21.2 | 4.3 | 2.73% | 1.41% |
| PM | Philip Morris International Inc. | 1.51% | 29.5 | 20.9 | 7.5 | 3.12% | 1.07% |
| HD | The Home Depot, Inc. | 1.34% | 21.5 | 19.8 | 1.8 | 3.01% | 1.29% |
| TXN | Texas Instruments Incorporated | 1.32% | 42.1 | 27.5 | 13.0 | 2.20% | 0.65% |
| TMO | Thermo Fisher Scientific Inc. | 1.25% | 37.1 | 24.2 | 5.5 | 0.27% | 0.70% |
| RTX | RTX Corporation | 1.24% | 34.1 | 24.6 | 2.8 | 1.51% | 0.76% |
| WFC | Wells Fargo & Company | 1.20% | 11.8 | 10.2 | 3.0 | 2.38% | 2.11% |
| GS | The Goldman Sachs Group, Inc. | 1.16% | 12.7 | 12.8 | 3.6 | 2.27% | 1.90% |
| AMGN | Amgen Inc. | 1.12% | 26.9 | 16.7 | 6.1 | 2.33% | 0.87% |
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 MGV valuation
Adding up its 113 holdings with company data, MGV trades at 20.4 times trailing earnings and 15.3 times analysts' forward estimates, with a price-to-book ratio of 3.68 and a dividend yield of 1.93%. Its earnings yield of 4.91% is 0.42 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 30.0% of the fund and earn 32.0% of its combined profit. By sector, Healthcare is the most expensive at 35.1 times earnings and Communication Services the cheapest at 11.3. Companies that lost money over the past year are 0.9% 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 98.2% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: MGV chart, MGV performance, MGV holdings, MGV dividends.
MGV valuation FAQ
What is the P/E ratio of MGV?
Based on its holdings, MGV has a trailing P/E of 20.4 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 MGV?
The trailing earnings yield is 4.91% (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 MGV more expensive than the S&P 500?
MGV trades at 20.4 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 MGV?
The holdings of MGV trade at 3.68 times book value, with a combined return on equity of 18.1%.
Which sector in MGV has the highest P/E?
Healthcare has the highest P/E at 35.1 and Communication Services the lowest at 11.3.