Nuveen ESG Large-Cap Value ETF (NULV) Valuation

Cboe BZX: NULVP/E, earnings yield and other ratios of the holdings combined.

NULV valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 23.1
Forward P/E: 16.9
Price / sales: 2.16
Price / book: 3.63
EV / EBITDA: 14.8
Earnings yield: 4.32%
Dividend yield: 1.77%
Return on equity: 15.7%
Net margin: 9.3%
Beta: 0.90

NULV valuation vs other stock ETFs

P/E (TTM)Forward P/E

NULV valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
NULV	23.1	16.9	2.16	3.63	1.77%	15.7%	9.3%	2.6%
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.

NULV valuation by sector

P/E (TTM)Forward P/E

NULV valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	26.7%	26.8	19.6	5.45	5.93	1.06%	22.1%
Financial Services	17.0%	13.9	13.0	2.89	2.28	1.92%	16.4%
Healthcare	14.4%	69.8	15.4	0.94	3.89	1.93%	5.6%
Industrials	11.1%	22.2	22.5	3.07	6.85	1.32%	30.9%
Consumer Defensive	8.4%	24.9	17.5	1.10	3.34	2.69%	13.4%
Communication Services	8.4%	17.6	14.7	2.50	3.03	2.06%	17.3%
Basic Materials	3.2%	23.2	14.5	2.30	3.54	1.37%	15.2%
Real Estate	3.2%	40.9	37.1	7.68	3.79	2.70%	9.3%
Utilities	3.1%	18.9	14.3	2.20	1.59	3.62%	8.4%
Energy	2.6%	20.8	16.8	2.01	2.93	2.06%	14.1%
Consumer Cyclical	1.1%	22.6	18.3	1.54	6.74	2.94%	29.9%

NULV earnings yield vs bond yields

NULV earnings yield (forward)

5.93%

NULV earnings yield (trailing)

4.32%

NULV dividend yield

1.77%

Bond market yield (AGG)

5.33%

T-bill yield (BIL)

3.91%

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 NULV weight splits by P/E

Share of the covered weight in companies with a trailing P/E in each range.

NULV largest holdings: valuation

NULV largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
MSFT	Microsoft Corporation	11.77%	29.5	25.1	11.8	0.74%	9.32%
META	Meta Platforms, Inc.	4.80%	26.7	22.1	7.9	0.30%	4.19%
CSCO	Cisco Systems, Inc.	2.46%	32.2	19.8	6.7	1.56%	1.78%
KO	The Coca-Cola Company	2.28%	28.2	25.3	8.1	2.26%	1.88%
ABBV	AbbVie Inc.	2.08%	80.6	16.4	7.8	2.42%	0.60%
PG	The Procter & Gamble Company	1.78%	24.1	21.2	4.3	2.73%	1.73%
MS	Morgan Stanley	1.74%	14.3	14.9	3.6	2.55%	2.84%
PFE	Pfizer Inc.	1.70%	38.9	9.7	2.6	5.81%	1.02%
C	Citigroup Inc.	1.70%	12.1	10.2	2.5	2.16%	3.27%
TRV	The Travelers Companies, Inc.	1.62%	10.5	10.8	1.7	1.28%	3.61%
HPE	Hewlett Packard Enterprise Company	1.61%	28.4	13.6	1.7	1.03%	1.32%
NXPI	NXP Semiconductors N.V.	1.50%	19.6	12.9	4.4	1.77%	1.78%
GS	The Goldman Sachs Group, Inc.	1.49%	12.7	12.8	3.6	2.27%	2.74%
SLB	Schlumberger Limited	1.44%	23.9	15.9	2.0	2.38%	1.41%
GILD	Gilead Sciences, Inc.	1.42%	—	15.6	6.4	2.10%	−0.56%
HON	Honeywell International Inc.	1.41%	7.8	22.2	1.8	1.32%	4.23%
BNY	The Bank of New York Mellon Corporation	1.41%	15.9	15.0	4.4	1.55%	2.07%
VZ	Verizon Communications Inc.	1.38%	11.7	8.7	1.3	6.32%	2.76%
PNC	The PNC Financial Services Group, Inc.	1.36%	11.6	10.7	3.5	3.68%	2.73%
ETN	Eaton Corporation plc	1.34%	39.8	27.6	5.1	1.12%	0.78%
EQIX	Equinix, Inc.	1.32%	63.4	52.1	9.8	2.09%	0.49%
DE	Deere & Company	1.29%	35.7	29.3	3.6	1.01%	0.84%
PH	Parker-Hannifin Corporation	1.26%	33.8	27.5	5.7	0.83%	0.87%
CAH	Cardinal Health, Inc.	1.24%	35.1	17.7	0.2	0.81%	0.82%
MMM	3M Company	1.23%	29.3	17.8	3.4	1.89%	0.98%

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 NULV valuation

Adding up its 125 holdings with company data, NULV trades at 23.1 times trailing earnings and 16.9 times analysts' forward estimates, with a price-to-book ratio of 3.63 and a dividend yield of 1.77%. Its earnings yield of 4.32% is 1.00 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 31.9% of the fund and earn 30.2% of its combined profit. By sector, Healthcare is the most expensive at 69.8 times earnings and Financial Services the cheapest at 13.9. Companies that lost money over the past year are 2.6% 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 99.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

NULV valuation FAQ

What is the P/E ratio of NULV?

Based on its holdings, NULV has a trailing P/E of 23.1 and a forward P/E of 16.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of NULV?

The trailing earnings yield is 4.32% (1 ÷ P/E) and the forward earnings yield 5.93%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is NULV more expensive than the S&P 500?

NULV trades at 23.1 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 16.9 and 19.9.

What is the price-to-book ratio of NULV?

The holdings of NULV trade at 3.63 times book value, with a combined return on equity of 15.7%.

Which sector in NULV has the highest P/E?

Healthcare has the highest P/E at 69.8 and Financial Services the lowest at 13.9.