Polen Focus Growth ETF (PCLG) Valuation
PCLG valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 32.6 trailing earnings
- Forward P/E
- 24.8 analyst estimates
- Price / sales
- 5.93
- Price / book
- 10.10
- EV / EBITDA
- 21.9
- Earnings yield
- 3.07% inverse of P/E
- Dividend yield
- 0.47% of the holdings
- Return on equity
- 31.0% combined
- Net margin
- 18.2% combined
- Beta
- 1.33 weighted, vs S&P 500
PCLG valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| PCLG | 32.6 | 24.8 | 5.93 | 10.10 | 0.47% | 31.0% | 18.2% | 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.
PCLG valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 47.5% | 36.0 | 25.0 | 5.53 | 12.86 | 0.59% | 35.7% |
| Communication Services | 10.7% | 20.0 | 21.9 | 8.63 | 6.85 | 0.28% | 34.3% |
| Financial Services | 10.6% | 34.1 | 24.1 | 16.17 | 31.85 | 0.62% | 93.4% |
| Consumer Cyclical | 10.3% | 26.1 | 25.1 | 3.86 | 6.94 | 0.45% | 26.6% |
| Healthcare | 9.0% | 42.6 | 27.5 | 12.45 | 18.80 | 0.29% | 44.1% |
| Industrials | 6.8% | 35.5 | 29.4 | 3.51 | 12.31 | 0.15% | 34.7% |
| Real Estate | 2.2% | 179.5 | 18.3 | 3.68 | 1.47 | 0.00% | 0.8% |
PCLG 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 PCLG weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
PCLG largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MSFT | Microsoft Corporation | 8.89% | 29.5 | 25.1 | 11.8 | 0.74% | 10.30% |
| NVDA | NVIDIA Corporation | 7.78% | 27.1 | 24.9 | 17.1 | 0.47% | 9.81% |
| NOW | ServiceNow, Inc. | 6.44% | 88.7 | 27.8 | 10.0 | — | 2.48% |
| GOOG | Alphabet Inc. | 6.19% | 16.9 | 21.8 | 9.2 | 0.26% | 12.49% |
| AVGO | Broadcom Inc. | 6.18% | 43.3 | 19.4 | 17.6 | 0.79% | 4.87% |
| AMZN | Amazon.com, Inc. | 6.03% | 20.1 | 23.6 | 3.5 | — | 10.23% |
| V | Visa Inc. | 5.34% | 34.3 | 24.0 | 17.0 | 0.67% | 5.32% |
| MA | Mastercard Incorporated | 5.26% | 34.0 | 24.2 | 15.4 | 0.56% | 5.29% |
| LLY | Eli Lilly and Company | 4.76% | 42.2 | 24.4 | 14.1 | 0.55% | 3.85% |
| ORCL | Oracle Corporation | 4.68% | 20.1 | 17.8 | 5.4 | 1.56% | 7.94% |
| META | Meta Platforms, Inc. | 4.49% | 26.7 | 22.1 | 7.9 | 0.30% | 5.74% |
| SHOP | Shopify Inc. | 4.27% | 114.5 | 58.8 | 16.6 | — | 1.27% |
| LRCX | Lam Research Corporation | 2.52% | 45.8 | 33.7 | 14.2 | 0.50% | 1.88% |
| IDXX | IDEXX Laboratories, Inc. | 2.48% | 39.8 | 31.4 | 9.7 | — | 2.12% |
| ABNB | Airbnb, Inc. | 2.47% | 39.6 | 25.4 | 7.9 | — | 2.13% |
| CSGP | CoStar Group, Inc. | 2.17% | 179.5 | 18.3 | 3.7 | — | 0.41% |
| STX | Seagate Technology Holdings plc | 1.98% | 46.0 | 25.7 | 11.9 | 0.46% | 1.47% |
| TSM | Taiwan Semiconductor Manufacturing Company Limited | 1.97% | 26.7 | 21.4 | 0.4 | 0.91% | 2.52% |
| SBUX | Starbucks Corporation | 1.78% | 56.4 | 30.9 | 2.9 | 2.58% | 1.08% |
| GCP | General Electric Company | 1.76% | — | — | — | — | — |
| ISRG | Intuitive Surgical, Inc. | 1.75% | 48.9 | 33.3 | 13.7 | — | 1.22% |
| GEV | GE Vernova Inc. | 1.69% | 26.4 | 38.8 | 5.9 | 0.22% | 2.18% |
| ADYEY | Adyen NV | 1.55% | — | — | — | — | — |
| ATI | ATI Inc. | 1.46% | 54.4 | 28.8 | 5.4 | — | 0.92% |
| EME | EMCOR Group, Inc. | 1.42% | 22.5 | 19.8 | 1.7 | 0.22% | 2.16% |
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 PCLG valuation
Adding up its 26 holdings with company data, PCLG trades at 32.6 times trailing earnings and 24.8 times analysts' forward estimates, with a price-to-book ratio of 10.10 and a dividend yield of 0.47%. Its earnings yield of 3.07% is 2.26 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 61.5% of the fund and earn 72.6% of its combined profit. By sector, Real Estate is the most expensive at 179.5 times earnings and Communication Services the cheapest at 20.0. 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 96.7% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: PCLG chart, PCLG performance, PCLG holdings, PCLG dividends.
PCLG valuation FAQ
What is the P/E ratio of PCLG?
Based on its holdings, PCLG has a trailing P/E of 32.6 and a forward P/E of 24.8 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of PCLG?
The trailing earnings yield is 3.07% (1 ÷ P/E) and the forward earnings yield 4.04%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is PCLG more expensive than the S&P 500?
PCLG trades at 32.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 24.8 and 19.9.
What is the price-to-book ratio of PCLG?
The holdings of PCLG trade at 10.10 times book value, with a combined return on equity of 31.0%.
Which sector in PCLG has the highest P/E?
Real Estate has the highest P/E at 179.5 and Communication Services the lowest at 20.0.