T. Rowe Price Growth ETF (TGRT) Valuation
TGRT valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 33.2 trailing earnings
- Forward P/E
- 25.3 analyst estimates
- Price / sales
- 5.91
- Price / book
- 11.23
- EV / EBITDA
- 22.7
- Earnings yield
- 3.01% inverse of P/E
- Dividend yield
- 0.40% of the holdings
- Return on equity
- 33.9% combined
- Net margin
- 17.8% combined
- Beta
- 1.46 weighted, vs S&P 500
TGRT valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| TGRT | 33.2 | 25.3 | 5.91 | 11.23 | 0.40% | 33.9% | 17.8% | 3.2% |
| 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.
TGRT valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 57.0% | 36.4 | 24.7 | 7.32 | 14.23 | 0.39% | 39.1% |
| Communication Services | 15.0% | 19.8 | 23.0 | 7.89 | 7.36 | 0.24% | 37.2% |
| Healthcare | 8.7% | 42.8 | 25.8 | 2.70 | 9.30 | 0.54% | 21.7% |
| Consumer Cyclical | 6.2% | 41.0 | 32.3 | 4.06 | 10.79 | 0.34% | 26.3% |
| Financial Services | 6.0% | 33.5 | 23.4 | 12.37 | 10.06 | 0.60% | 30.0% |
| Industrials | 5.3% | 46.3 | 34.0 | 3.47 | 10.69 | 0.25% | 23.1% |
| Consumer Defensive | 0.6% | 38.2 | 29.3 | 2.14 | 19.95 | 1.61% | 52.3% |
| Real Estate | 0.4% | 105.3 | 78.1 | 13.26 | 3.57 | 1.45% | 3.4% |
| Basic Materials | 0.3% | 32.2 | 23.6 | 6.48 | 5.48 | 1.28% | 17.0% |
TGRT 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 TGRT weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
TGRT largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 16.48% | 27.1 | 24.9 | 17.1 | 0.47% | 20.47% |
| GOOGL | Alphabet Inc. | 9.76% | 17.1 | 22.8 | 9.3 | 0.26% | 19.20% |
| AAPL | Apple Inc. | 7.59% | 39.4 | 35.2 | 10.7 | 0.31% | 6.48% |
| MSFT | Microsoft Corporation | 5.64% | 29.5 | 25.1 | 11.8 | 0.74% | 6.44% |
| AVGO | Broadcom Inc. | 4.86% | 43.3 | 19.4 | 17.6 | 0.79% | 3.77% |
| AMD | Advanced Micro Devices, Inc. | 3.42% | 134.9 | 39.5 | 20.9 | — | 0.85% |
| META | Meta Platforms, Inc. | 3.39% | 26.7 | 22.1 | 7.9 | 0.30% | 4.27% |
| LLY | Eli Lilly and Company | 3.23% | 42.2 | 24.4 | 14.1 | 0.55% | 2.57% |
| V | Visa Inc. | 2.41% | 34.3 | 24.0 | 17.0 | 0.67% | 2.37% |
| MA | Mastercard Incorporated | 2.40% | 34.0 | 24.2 | 15.4 | 0.56% | 2.38% |
| MU | Micron Technology, Inc. | 2.29% | 11.8 | 7.0 | 7.5 | 0.07% | 6.51% |
| TSLA | Tesla, Inc. | 1.47% | 328.4 | 158.7 | 13.5 | — | 0.15% |
| XYZ | Block, Inc | 1.24% | 139.1 | 14.5 | 1.9 | — | 0.30% |
| TSM | Taiwan Semiconductor Manufacturing Company Limited | 1.23% | 26.7 | 21.4 | 0.4 | 0.91% | 1.54% |
| APH | Amphenol Corporation | 1.13% | 39.7 | 24.6 | 6.7 | 0.63% | 0.96% |
| ANET | Arista Networks, Inc. | 1.04% | 55.8 | 39.2 | 21.2 | — | 0.63% |
| ISRG | Intuitive Surgical, Inc. | 1.02% | 48.9 | 33.3 | 13.7 | — | 0.70% |
| PLTR | Palantir Technologies Inc. | 1.01% | 160.4 | 85.5 | 72.6 | — | 0.21% |
| AMZN | Amazon.com, Inc. | 0.95% | 20.1 | 23.6 | 3.5 | — | 1.59% |
| BA | The Boeing Company | 0.88% | 67.9 | 49.5 | 1.6 | — | 0.44% |
| SPOT | Spotify Technology S.A | 0.87% | 30.5 | 28.6 | 6.0 | — | 0.96% |
| IOT | Samsara Inc. | 0.87% | 282.6 | 52.4 | 12.5 | — | 0.10% |
| NTRA | Natera, Inc. | 0.79% | — | — | 20.9 | — | −0.09% |
| UNH | UnitedHealth Group Incorporated | 0.78% | 25.8 | 16.6 | 0.8 | 2.31% | 1.02% |
| HWM | Howmet Aerospace Inc. | 0.78% | 47.6 | 36.0 | 9.7 | 0.25% | 0.55% |
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 TGRT valuation
Adding up its 85 holdings with company data, TGRT trades at 33.2 times trailing earnings and 25.3 times analysts' forward estimates, with a price-to-book ratio of 11.23 and a dividend yield of 0.40%. Its earnings yield of 3.01% is 2.31 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 59.2% of the fund and earn 68.8% of its combined profit. By sector, Real Estate is the most expensive at 105.3 times earnings and Communication Services the cheapest at 19.8. Companies that lost money over the past year are 3.2% 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 98.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: TGRT chart, TGRT performance, TGRT holdings, TGRT dividends.
TGRT valuation FAQ
What is the P/E ratio of TGRT?
Based on its holdings, TGRT has a trailing P/E of 33.2 and a forward P/E of 25.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of TGRT?
The trailing earnings yield is 3.01% (1 ÷ P/E) and the forward earnings yield 3.96%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is TGRT more expensive than the S&P 500?
TGRT trades at 33.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 25.3 and 19.9.
What is the price-to-book ratio of TGRT?
The holdings of TGRT trade at 11.23 times book value, with a combined return on equity of 33.9%.
Which sector in TGRT has the highest P/E?
Real Estate has the highest P/E at 105.3 and Communication Services the lowest at 19.8.