Schwab U.S. Dividend Equity ETF (SCHD) Valuation
SCHD valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 20.3 trailing earnings
- Forward P/E
- 14.3 analyst estimates
- Price / sales
- 1.89
- Price / book
- 3.80
- EV / EBITDA
- 11.1
- Earnings yield
- 4.92% inverse of P/E
- Dividend yield
- 3.29% of the holdings
- Return on equity
- 18.7% combined
- Net margin
- 9.3% combined
- Beta
- 0.68 weighted, vs S&P 500
SCHD valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| SCHD | 20.3 | 14.3 | 1.89 | 3.80 | 3.29% | 18.7% | 9.3% | 1.6% |
| 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.
SCHD valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Consumer Defensive | 20.3% | 21.1 | 16.8 | 2.02 | 6.72 | 3.69% | 31.8% |
| Healthcare | 19.1% | 27.2 | 14.6 | 2.13 | 5.40 | 2.65% | 19.8% |
| Technology | 16.3% | 23.5 | 18.8 | 3.99 | 7.45 | 2.51% | 31.7% |
| Energy | 14.4% | 16.9 | 12.5 | 2.27 | 2.11 | 2.60% | 12.5% |
| Financial Services | 8.7% | 14.4 | 12.3 | 2.90 | 2.22 | 4.04% | 15.4% |
| Industrials | 7.4% | 21.5 | 16.8 | 1.50 | 7.56 | 3.69% | 35.1% |
| Consumer Cyclical | 6.9% | 52.3 | 14.2 | 0.77 | 4.94 | 3.46% | 9.4% |
| Communication Services | 5.5% | 9.6 | 7.5 | 0.94 | 1.35 | 6.18% | 14.1% |
| Utilities | 0.1% | 38.9 | 39.4 | 4.69 | 3.40 | 6.20% | 8.7% |
SCHD 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 SCHD weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
SCHD largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| TXN | Texas Instruments Incorporated | 4.46% | 42.1 | 27.5 | 13.0 | 2.20% | 2.19% |
| PG | The Procter & Gamble Company | 4.46% | 24.1 | 21.2 | 4.3 | 2.73% | 3.82% |
| UNH | UnitedHealth Group Incorporated | 4.33% | 25.8 | 16.6 | 0.8 | 2.31% | 3.45% |
| COP | ConocoPhillips | 4.24% | 19.4 | 12.7 | 2.7 | 2.29% | 4.50% |
| CVX | Chevron Corporation | 4.16% | 21.2 | 15.2 | 2.1 | 3.16% | 4.04% |
| KO | The Coca-Cola Company | 4.15% | 28.2 | 25.3 | 8.1 | 2.26% | 3.03% |
| AMGN | Amgen Inc. | 4.12% | 26.9 | 16.7 | 6.1 | 2.33% | 3.16% |
| HD | The Home Depot, Inc. | 4.08% | 21.5 | 19.8 | 1.8 | 3.01% | 3.90% |
| PEP | PepsiCo, Inc. | 4.03% | 16.5 | 14.9 | 1.8 | 4.50% | 5.03% |
| MRK | Merck & Co., Inc. | 3.87% | 115.8 | 15.3 | 5.4 | 2.33% | 0.69% |
| QCOM | QUALCOMM Incorporated | 3.86% | 19.9 | 19.6 | 4.2 | 2.14% | 4.00% |
| ABT | Abbott Laboratories | 3.65% | 33.8 | 17.1 | 3.9 | 2.40% | 2.23% |
| ACN | Accenture plc | 3.60% | 16.9 | 12.4 | 1.9 | 2.98% | 4.38% |
| VZ | Verizon Communications Inc. | 3.41% | 11.7 | 8.7 | 1.3 | 6.32% | 6.02% |
| BMY | Bristol-Myers Squibb Company | 3.17% | 13.2 | 9.4 | 2.5 | 4.22% | 4.97% |
| MO | Altria Group, Inc. | 2.92% | 15.8 | 11.9 | 6.1 | 5.91% | 3.81% |
| ADP | Automatic Data Processing, Inc. | 2.89% | 26.4 | 22.0 | 5.2 | 2.35% | 2.25% |
| LMT | Lockheed Martin Corporation | 2.85% | 20.3 | 16.2 | 1.7 | 2.61% | 2.88% |
| BX | Blackstone Inc. | 2.05% | 23.9 | 15.9 | 8.2 | 4.91% | 1.77% |
| EOG | EOG Resources, Inc. | 1.99% | 12.3 | 10.1 | 3.1 | 2.58% | 3.33% |
| CMCSA | Comcast Corporation | 1.93% | 7.1 | 5.9 | 0.6 | 6.03% | 5.63% |
| UPS | United Parcel Service, Inc. | 1.83% | 18.1 | 12.0 | 0.9 | 6.73% | 2.09% |
| SLB | Schlumberger Limited | 1.67% | 23.9 | 15.9 | 2.0 | 2.38% | 1.44% |
| TGT | Target Corporation | 1.64% | 16.0 | 15.6 | 0.7 | 3.01% | 2.12% |
| FAST | Fastenal Company | 1.40% | 41.5 | 37.5 | 6.4 | 2.04% | 0.69% |
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 SCHD valuation
Adding up its 96 holdings with company data, SCHD trades at 20.3 times trailing earnings and 14.3 times analysts' forward estimates, with a price-to-book ratio of 3.80 and a dividend yield of 3.29%. Its earnings yield of 4.92% is 0.40 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 41.9% of the fund and earn 33.8% of its combined profit. By sector, Consumer Cyclical is the most expensive at 52.3 times earnings and Communication Services the cheapest at 9.6. Companies that lost money over the past year are 1.6% 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.
Related: SCHD chart, SCHD performance, SCHD holdings, SCHD dividends.
SCHD valuation FAQ
What is the P/E ratio of SCHD?
Based on its holdings, SCHD has a trailing P/E of 20.3 and a forward P/E of 14.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of SCHD?
The trailing earnings yield is 4.92% (1 ÷ P/E) and the forward earnings yield 7.00%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is SCHD more expensive than the S&P 500?
SCHD trades at 20.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 14.3 and 19.9.
What is the price-to-book ratio of SCHD?
The holdings of SCHD trade at 3.80 times book value, with a combined return on equity of 18.7%.
Which sector in SCHD has the highest P/E?
Consumer Cyclical has the highest P/E at 52.3 and Communication Services the lowest at 9.6.