SPDR Portfolio S&P 500 Value ETF (SPYV) Valuation
SPYV valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 24.2 trailing earnings
- Forward P/E
- 17.1 analyst estimates
- Price / sales
- 2.21
- Price / book
- 3.71
- EV / EBITDA
- 14.5
- Earnings yield
- 4.13% inverse of P/E
- Dividend yield
- 1.75% of the holdings
- Return on equity
- 15.3% combined
- Net margin
- 9.1% combined
- Beta
- 0.89 weighted, vs S&P 500
SPYV valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| SPYV | 24.2 | 17.1 | 2.21 | 3.71 | 1.75% | 15.3% | 9.1% | 3.3% |
| 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.
SPYV valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 21.1% | 33.7 | 23.4 | 5.34 | 8.20 | 0.78% | 24.3% |
| Financial Services | 15.0% | 15.2 | 12.6 | 3.04 | 2.18 | 1.94% | 14.4% |
| Healthcare | 13.6% | 35.7 | 15.7 | 1.19 | 3.81 | 1.77% | 10.7% |
| Consumer Cyclical | 9.9% | 26.7 | 20.7 | 1.97 | 5.41 | 1.14% | 20.3% |
| Industrials | 9.4% | 25.1 | 19.3 | 2.36 | 5.30 | 1.51% | 21.1% |
| Consumer Defensive | 9.1% | 28.7 | 21.1 | 1.52 | 6.28 | 2.36% | 21.9% |
| Energy | 7.8% | 19.8 | 12.9 | 1.87 | 2.53 | 2.29% | 12.8% |
| Utilities | 4.0% | 18.6 | 15.5 | 2.85 | 1.96 | 3.24% | 10.5% |
| Real Estate | 3.1% | 31.3 | 28.5 | 5.62 | 2.99 | 3.71% | 9.5% |
| Basic Materials | 3.0% | 36.6 | 18.2 | 2.74 | 3.82 | 1.45% | 10.4% |
| Communication Services | 2.6% | 12.0 | 9.6 | 1.25 | 1.66 | 3.79% | 13.9% |
SPYV 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 SPYV weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
SPYV largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 7.96% | 39.4 | 35.2 | 10.7 | 0.31% | 4.99% |
| AMZN | Amazon.com, Inc. | 3.90% | 20.1 | 23.6 | 3.5 | — | 4.78% |
| XOM | Exxon Mobil Corporation | 2.38% | 23.0 | 14.8 | 2.0 | 2.30% | 2.55% |
| WMT | Walmart Inc. | 1.72% | 43.0 | 38.0 | 1.3 | 0.83% | 0.98% |
| COST | Costco Wholesale Corporation | 1.47% | 47.6 | 40.3 | 1.4 | 0.59% | 0.76% |
| CVX | Chevron Corporation | 1.42% | 21.2 | 15.2 | 2.1 | 3.16% | 1.65% |
| INTC | Intel Corporation | 1.39% | — | 63.3 | 8.3 | — | −0.81% |
| UNH | UnitedHealth Group Incorporated | 1.28% | 25.8 | 16.6 | 0.8 | 2.31% | 1.22% |
| TSLA | Tesla, Inc. | 1.25% | 328.4 | 158.7 | 13.5 | — | 0.09% |
| MRK | Merck & Co., Inc. | 1.24% | 115.8 | 15.3 | 5.4 | 2.33% | 0.26% |
| PG | The Procter & Gamble Company | 1.24% | 24.1 | 21.2 | 4.3 | 2.73% | 1.27% |
| BAC | Bank of America Corporation | 1.11% | 12.2 | 10.8 | 3.1 | 2.50% | 2.24% |
| HD | The Home Depot, Inc. | 1.04% | 21.5 | 19.8 | 1.8 | 3.01% | 1.19% |
| V | Visa Inc. | 1.02% | 34.3 | 24.0 | 17.0 | 0.67% | 0.73% |
| JPM | JPMorgan Chase & Co. | 0.97% | 14.2 | 13.5 | 4.7 | 1.94% | 1.69% |
| ABBV | AbbVie Inc. | 0.92% | 80.6 | 16.4 | 7.8 | 2.42% | 0.28% |
| TXN | Texas Instruments Incorporated | 0.83% | 42.1 | 27.5 | 13.0 | 2.20% | 0.49% |
| WFC | Wells Fargo & Company | 0.83% | 11.8 | 10.2 | 3.0 | 2.38% | 1.73% |
| JNJ | Johnson & Johnson | 0.83% | 38.8 | 21.0 | 6.2 | 2.10% | 0.53% |
| LIN | Linde plc | 0.81% | 32.2 | 23.6 | 6.5 | 1.28% | 0.62% |
| TMO | Thermo Fisher Scientific Inc. | 0.80% | 37.1 | 24.2 | 5.5 | 0.27% | 0.53% |
| KO | The Coca-Cola Company | 0.70% | 28.2 | 25.3 | 8.1 | 2.26% | 0.62% |
| CRM | Salesforce, Inc. | 0.68% | 22.0 | 14.0 | 4.5 | 0.73% | 0.76% |
| C | Citigroup Inc. | 0.66% | 12.1 | 10.2 | 2.5 | 2.16% | 1.35% |
| DIS | The Walt Disney Company | 0.64% | 22.8 | 13.8 | 1.9 | 1.36% | 0.70% |
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 SPYV valuation
Adding up its 428 holdings with company data, SPYV trades at 24.2 times trailing earnings and 17.1 times analysts' forward estimates, with a price-to-book ratio of 3.71 and a dividend yield of 1.75%. Its earnings yield of 4.13% is 1.20 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 24.0% of the fund and earn 16.5% of its combined profit. By sector, Basic Materials is the most expensive at 36.6 times earnings and Communication Services the cheapest at 12.0. Companies that lost money over the past year are 3.3% 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 99.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: SPYV chart, SPYV performance, SPYV holdings, SPYV dividends.
SPYV valuation FAQ
What is the P/E ratio of SPYV?
Based on its holdings, SPYV has a trailing P/E of 24.2 and a forward P/E of 17.1 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of SPYV?
The trailing earnings yield is 4.13% (1 ÷ P/E) and the forward earnings yield 5.84%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is SPYV more expensive than the S&P 500?
SPYV trades at 24.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 17.1 and 19.9.
What is the price-to-book ratio of SPYV?
The holdings of SPYV trade at 3.71 times book value, with a combined return on equity of 15.3%.
Which sector in SPYV has the highest P/E?
Basic Materials has the highest P/E at 36.6 and Communication Services the lowest at 12.0.