VanEck Healthcare TruSector ETF (TRUH) Valuation
TRUH valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 37.6 trailing earnings
- Forward P/E
- 17.4 analyst estimates
- Price / sales
- 1.73
- Price / book
- 5.21
- EV / EBITDA
- 17.0
- Earnings yield
- 2.66% inverse of P/E
- Dividend yield
- 1.52% of the holdings
- Return on equity
- 13.8% combined
- Net margin
- 4.6% combined
- Beta
- 0.54 weighted, vs S&P 500
TRUH valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| TRUH | 37.6 | 17.4 | 1.73 | 5.21 | 1.52% | 13.8% | 4.6% | 5.5% |
| 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.
TRUH valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Healthcare | 100.4% | 37.6 | 17.4 | 1.73 | 5.21 | 1.52% | 13.8% |
TRUH 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 TRUH weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
TRUH largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| LLY | Eli Lilly and Company | 15.90% | 42.2 | 24.4 | 14.1 | 0.55% | 14.12% |
| JNJ | Johnson & Johnson | 9.46% | 38.8 | 21.0 | 6.2 | 2.10% | 9.14% |
| ABBV | AbbVie Inc. | 8.13% | 80.6 | 16.4 | 7.8 | 2.42% | 3.78% |
| UNH | UnitedHealth Group Incorporated | 5.93% | 25.8 | 16.6 | 0.8 | 2.31% | 8.61% |
| MRK | Merck & Co., Inc. | 5.32% | 115.8 | 15.3 | 5.4 | 2.33% | 1.72% |
| TMO | Thermo Fisher Scientific Inc. | 3.95% | 37.1 | 24.2 | 5.5 | 0.27% | 3.99% |
| AMGN | Amgen Inc. | 3.59% | 26.9 | 16.7 | 6.1 | 2.33% | 5.01% |
| GILD | Gilead Sciences, Inc. | 3.08% | — | 15.6 | 6.4 | 2.10% | −1.96% |
| ABT | Abbott Laboratories | 2.82% | 33.8 | 17.1 | 3.9 | 2.40% | 3.12% |
| PFE | Pfizer Inc. | 2.72% | 38.9 | 9.7 | 2.6 | 5.81% | 2.62% |
| ISRG | Intuitive Surgical, Inc. | 2.41% | 48.9 | 33.3 | 13.7 | — | 1.85% |
| DHR | Danaher Corporation | 2.18% | 40.8 | 23.8 | 6.4 | 0.70% | 2.00% |
| BMY | Bristol-Myers Squibb Company | 2.02% | 13.2 | 9.4 | 2.5 | 4.22% | 5.76% |
| VRTX | Vertex Pharmaceuticals Incorporated | 1.94% | 28.9 | 24.1 | 10.1 | — | 2.51% |
| CVS | CVS Health Corporation | 1.91% | 24.3 | 10.7 | 0.3 | 2.88% | 2.94% |
| MDT | Medtronic plc | 1.90% | 23.3 | 14.9 | 3.2 | 3.04% | 3.06% |
| SYK | Stryker Corporation | 1.75% | 30.5 | 16.5 | 4.4 | 1.19% | 2.14% |
| MCK | McKesson Corporation | 1.73% | 26.9 | 19.7 | 0.3 | 0.37% | 2.40% |
| ELV | Elevance Health Inc. | 1.43% | 19.0 | 13.7 | 0.5 | 1.61% | 2.83% |
| CI | Cigna Corporation | 1.27% | 12.5 | 8.3 | 0.3 | 2.06% | 3.82% |
| REGN | Regeneron Pharmaceuticals, Inc. | 1.18% | 19.6 | 14.5 | 5.2 | 0.48% | 2.25% |
| MRNA | Moderna, Inc. | 1.12% | — | 23.0 | 39.1 | — | −1.54% |
| HCA | HCA Healthcare, Inc. | 1.01% | 15.4 | 13.9 | 1.3 | 0.68% | 2.46% |
| BSX | Boston Scientific Corporation | 0.97% | 18.0 | 13.2 | 3.1 | — | 2.02% |
| COR | Cencora | 0.94% | 25.3 | 15.7 | 0.2 | 0.70% | 1.40% |
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 TRUH valuation
Adding up its 60 holdings with company data, TRUH trades at 37.6 times trailing earnings and 17.4 times analysts' forward estimates, with a price-to-book ratio of 5.21 and a dividend yield of 1.52%. Its earnings yield of 2.66% is 2.67 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 60.9% of the fund and earn 50.2% of its combined profit. Companies that lost money over the past year are 5.5% 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: TRUH chart, TRUH holdings, TRUH dividends.
TRUH valuation FAQ
What is the P/E ratio of TRUH?
Based on its holdings, TRUH has a trailing P/E of 37.6 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 TRUH?
The trailing earnings yield is 2.66% (1 ÷ P/E) and the forward earnings yield 5.74%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is TRUH more expensive than the S&P 500?
TRUH trades at 37.6 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 TRUH?
The holdings of TRUH trade at 5.21 times book value, with a combined return on equity of 13.8%.