ProShares S&P Technology Dividend Aristocrats… (TDV) Valuation
TDV valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 24.7 trailing earnings
- Forward P/E
- 17.4 analyst estimates
- Price / sales
- 2.42
- Price / book
- 3.93
- EV / EBITDA
- 15.6
- Earnings yield
- 4.05% inverse of P/E
- Dividend yield
- 1.61% of the holdings
- Return on equity
- 15.9% combined
- Net margin
- 9.8% combined
- Beta
- 1.11 weighted, vs S&P 500
TDV valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| TDV | 24.7 | 17.4 | 2.42 | 3.93 | 1.61% | 15.9% | 9.8% | 2.0% |
| 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.
TDV valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 87.8% | 24.4 | 17.2 | 2.23 | 3.86 | 1.62% | 15.8% |
| Industrials | 6.1% | 22.3 | 14.9 | 3.67 | 2.39 | 2.37% | 10.7% |
| Financial Services | 6.1% | 34.1 | 24.1 | 16.17 | 31.91 | 0.62% | 93.5% |
TDV 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 TDV weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
TDV largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| ACN | Accenture plc | 4.84% | 16.9 | 12.4 | 1.9 | 2.98% | 7.05% |
| SSNC | SS&C Technologies Holdings, Inc. | 3.48% | 24.2 | 10.6 | 3.0 | 1.43% | 3.54% |
| MSFT | Microsoft Corporation | 3.42% | 29.5 | 25.1 | 11.8 | 0.74% | 2.86% |
| G | Genpact Limited | 3.41% | 11.1 | 18.3 | 1.2 | 2.01% | 7.59% |
| BR | Broadridge Financial Solutions, Inc. | 3.37% | 18.2 | 15.5 | 2.6 | 2.49% | 4.56% |
| INTU | Intuit Inc. | 3.31% | 19.8 | 12.7 | 4.1 | 1.70% | 4.14% |
| HPQ | HP Inc. | 3.29% | 11.5 | 9.9 | 0.5 | 4.00% | 7.09% |
| ROP | Roper Technologies, Inc. | 3.24% | 15.9 | 15.0 | 4.6 | 0.95% | 5.01% |
| DLB | Dolby Laboratories, Inc. | 3.20% | 25.5 | 12.6 | 4.1 | 2.40% | 3.10% |
| CDW | CDW Corporation | 3.12% | 18.1 | 15.2 | 0.8 | 1.67% | 4.26% |
| IBM | International Business Machines Corporation | 3.10% | 20.6 | 17.4 | 3.2 | 2.91% | 3.70% |
| V | Visa Inc. | 3.07% | 34.3 | 24.0 | 17.0 | 0.67% | 2.21% |
| MA | Mastercard Incorporated | 3.04% | 34.0 | 24.2 | 15.4 | 0.56% | 2.21% |
| MSI | Motorola Solutions, Inc. | 2.93% | 36.5 | 23.9 | 6.3 | 1.05% | 1.98% |
| BMI | Badger Meter, Inc. | 2.92% | 29.6 | 26.2 | 4.2 | 1.39% | 2.44% |
| CASS | Cass Information Systems, Inc. | 2.91% | 19.7 | 18.6 | 3.3 | 2.34% | 3.66% |
| JKHY | Jack Henry & Associates, Inc. | 2.91% | 21.9 | 20.2 | 4.2 | 1.59% | 3.27% |
| AAPL | Apple Inc. | 2.77% | 39.4 | 35.2 | 10.7 | 0.31% | 1.73% |
| OLED | Universal Display Corporation | 2.62% | 18.8 | 14.9 | 5.9 | 2.57% | 3.44% |
| ORCL | Oracle Corporation | 2.61% | 20.1 | 17.8 | 5.4 | 1.56% | 3.20% |
| AVT | Avnet, Inc. | 2.59% | 23.3 | 7.1 | 0.3 | 1.64% | 2.74% |
| TEL | TE Connectivity Ltd. | 2.55% | 20.8 | 16.6 | 3.2 | 1.47% | 3.03% |
| QCOM | QUALCOMM Incorporated | 2.52% | 19.9 | 19.6 | 4.2 | 2.14% | 3.13% |
| ADI | Analog Devices, Inc. | 2.51% | 47.0 | 23.2 | 13.8 | 1.11% | 1.32% |
| CSCO | Cisco Systems, Inc. | 2.40% | 32.2 | 19.8 | 6.7 | 1.56% | 1.84% |
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 TDV valuation
Adding up its 37 holdings with company data, TDV trades at 24.7 times trailing earnings and 17.4 times analysts' forward estimates, with a price-to-book ratio of 3.93 and a dividend yield of 1.61%. Its earnings yield of 4.05% is 1.28 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 34.7% of the fund and earn 49.2% of its combined profit. By sector, Financial Services is the most expensive at 34.1 times earnings and Industrials the cheapest at 22.3. Companies that lost money over the past year are 2.0% 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 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: TDV chart, TDV performance, TDV holdings, TDV dividends.
TDV valuation FAQ
What is the P/E ratio of TDV?
Based on its holdings, TDV has a trailing P/E of 24.7 and a forward P/E of 17.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of TDV?
The trailing earnings yield is 4.05% (1 ÷ P/E) and the forward earnings yield 5.75%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is TDV more expensive than the S&P 500?
TDV trades at 24.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 17.4 and 19.9.
What is the price-to-book ratio of TDV?
The holdings of TDV trade at 3.93 times book value, with a combined return on equity of 15.9%.
Which sector in TDV has the highest P/E?
Financial Services has the highest P/E at 34.1 and Industrials the lowest at 22.3.