Putnam Focused Large Cap Value ETF (PVAL) Valuation
PVAL valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 23.3 trailing earnings
- Forward P/E
- 15.8 analyst estimates
- Price / sales
- 2.07
- Price / book
- 3.52
- EV / EBITDA
- 14.1
- Earnings yield
- 4.30% inverse of P/E
- Dividend yield
- 1.37% of the holdings
- Return on equity
- 15.1% combined
- Net margin
- 8.9% combined
- Beta
- 0.91 weighted, vs S&P 500
PVAL valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| PVAL | 23.3 | 15.8 | 2.07 | 3.52 | 1.37% | 15.1% | 8.9% | 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.
PVAL valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 22.5% | 35.7 | 27.5 | 10.82 | 12.94 | 0.63% | 36.3% |
| Healthcare | 14.8% | 31.5 | 18.5 | 1.30 | 4.40 | 1.07% | 14.0% |
| Financial Services | 14.4% | 14.1 | 10.8 | 2.90 | 1.65 | 1.93% | 11.7% |
| Consumer Cyclical | 9.5% | 19.4 | 11.8 | 1.18 | 2.53 | 0.59% | 13.0% |
| Energy | 8.7% | 20.6 | 12.6 | 1.64 | 2.82 | 1.95% | 13.7% |
| Consumer Defensive | 7.4% | 28.3 | 23.2 | 2.41 | 13.23 | 2.13% | 46.7% |
| Industrials | 6.6% | 21.1 | 12.3 | 1.00 | 3.01 | 1.40% | 14.2% |
| Utilities | 4.2% | 21.4 | 13.4 | 1.53 | 2.90 | 2.67% | 13.5% |
| Basic Materials | 2.5% | 34.3 | 18.1 | 3.86 | 5.18 | 0.86% | 15.1% |
| Real Estate | 1.8% | 27.7 | 29.2 | 12.36 | 2.37 | 3.40% | 8.6% |
| Communication Services | 0.8% | 16.6 | 11.7 | 1.85 | 3.16 | 2.94% | 19.0% |
PVAL 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 PVAL weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
PVAL largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MSFT | Microsoft Corporation | 9.36% | 29.5 | 25.1 | 11.8 | 0.74% | 8.07% |
| AAPL | Apple Inc. | 7.12% | 39.4 | 35.2 | 10.7 | 0.31% | 4.59% |
| AMZN | Amazon.com, Inc. | 4.71% | 20.1 | 23.6 | 3.5 | — | 5.94% |
| XOM | Exxon Mobil Corporation | 3.94% | 23.0 | 14.8 | 2.0 | 2.30% | 4.34% |
| C | Citigroup Inc. | 3.33% | 12.1 | 10.2 | 2.5 | 2.16% | 6.98% |
| SCHW | The Charles Schwab Corporation | 3.06% | 15.7 | 12.9 | 5.9 | 1.39% | 4.95% |
| KO | The Coca-Cola Company | 2.97% | 28.2 | 25.3 | 8.1 | 2.26% | 2.67% |
| TMO | Thermo Fisher Scientific Inc. | 2.87% | 37.1 | 24.2 | 5.5 | 0.27% | 1.97% |
| CSCO | Cisco Systems, Inc. | 2.80% | 32.2 | 19.8 | 6.7 | 1.56% | 2.20% |
| PM | Philip Morris International Inc. | 2.72% | 29.5 | 20.9 | 7.5 | 3.12% | 2.34% |
| FCX | Freeport-McMoRan Inc. | 2.52% | 34.3 | 18.1 | 3.9 | 0.86% | 1.87% |
| BAC | Bank of America Corporation | 2.46% | 12.2 | 10.8 | 3.1 | 2.50% | 5.11% |
| VLO | Valero Energy Corporation | 2.44% | 18.5 | 10.2 | 1.0 | 1.08% | 3.34% |
| LUV | Southwest Airlines Co. | 2.36% | 24.7 | 8.3 | 0.6 | 1.82% | 2.43% |
| COP | ConocoPhillips | 2.28% | 19.4 | 12.7 | 2.7 | 2.29% | 2.99% |
| UNH | UnitedHealth Group Incorporated | 2.24% | 25.8 | 16.6 | 0.8 | 2.31% | 2.20% |
| GM | General Motors Company | 2.05% | 37.7 | 5.6 | 0.4 | 0.86% | 1.38% |
| VRTX | Vertex Pharmaceuticals Incorporated | 2.00% | 28.9 | 24.1 | 10.1 | — | 1.75% |
| ABBV | AbbVie Inc. | 1.98% | 80.6 | 16.4 | 7.8 | 2.42% | 0.62% |
| COF | Capital One Financial Corporation | 1.90% | 13.0 | 8.5 | 2.6 | 1.59% | 3.73% |
| PLD | Prologis, Inc. | 1.80% | 27.7 | 29.2 | 12.4 | 3.40% | 1.65% |
| AMD | Advanced Micro Devices, Inc. | 1.71% | 134.9 | 39.5 | 20.9 | — | 0.32% |
| NEE | NextEra Energy, Inc. | 1.65% | 17.9 | 17.7 | 5.8 | 3.12% | 2.34% |
| MCK | McKesson Corporation | 1.62% | 26.9 | 19.7 | 0.3 | 0.37% | 1.53% |
| REGN | Regeneron Pharmaceuticals, Inc. | 1.60% | 19.6 | 14.5 | 5.2 | 0.48% | 2.08% |
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 PVAL valuation
Adding up its 45 holdings with company data, PVAL trades at 23.3 times trailing earnings and 15.8 times analysts' forward estimates, with a price-to-book ratio of 3.52 and a dividend yield of 1.37%. Its earnings yield of 4.30% is 1.03 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 42.9% of the fund and earn 44.0% of its combined profit. By sector, Technology is the most expensive at 35.7 times earnings and Financial Services the cheapest at 14.1. 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 98.3% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: PVAL chart, PVAL performance, PVAL holdings, PVAL dividends.
PVAL valuation FAQ
What is the P/E ratio of PVAL?
Based on its holdings, PVAL has a trailing P/E of 23.3 and a forward P/E of 15.8 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of PVAL?
The trailing earnings yield is 4.30% (1 ÷ P/E) and the forward earnings yield 6.32%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is PVAL more expensive than the S&P 500?
PVAL trades at 23.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 15.8 and 19.9.
What is the price-to-book ratio of PVAL?
The holdings of PVAL trade at 3.52 times book value, with a combined return on equity of 15.1%.
Which sector in PVAL has the highest P/E?
Technology has the highest P/E at 35.7 and Financial Services the lowest at 14.1.