VictoryShares US Value Momentum ETF (ULVM) Valuation

NASDAQ: ULVMP/E, earnings yield and other ratios of the holdings combined.

ULVM valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 17.3
Forward P/E: 12.3
Price / sales: 1.34
Price / book: 1.94
EV / EBITDA: 11.2
Earnings yield: 5.77%
Dividend yield: 2.20%
Return on equity: 11.2%
Net margin: 7.7%
Beta: 0.84

ULVM valuation vs other stock ETFs

P/E (TTM)Forward P/E

ULVM valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
ULVM	17.3	12.3	1.34	1.94	2.20%	11.2%	7.7%	4.2%
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.

ULVM valuation by sector

P/E (TTM)Forward P/E

ULVM valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Financial Services	28.3%	11.4	11.0	2.24	1.47	2.13%	12.9%
Healthcare	12.7%	28.9	12.0	0.77	2.34	1.89%	8.1%
Industrials	9.8%	23.4	14.2	1.53	3.55	1.59%	15.2%
Technology	8.5%	17.1	12.1	1.15	2.45	0.91%	14.3%
Utilities	8.1%	16.0	14.6	2.45	1.74	3.04%	10.9%
Consumer Cyclical	7.9%	28.3	12.9	0.84	2.59	1.78%	9.2%
Real Estate	6.0%	17.8	18.9	8.80	1.70	5.49%	9.6%
Energy	5.4%	16.8	9.1	1.38	2.09	1.70%	12.5%
Basic Materials	4.9%	31.8	12.6	1.21	2.08	1.99%	6.6%
Consumer Defensive	3.8%	55.3	13.1	0.49	1.58	3.34%	2.9%
Communication Services	3.2%	17.1	13.9	1.95	2.33	2.06%	13.6%

ULVM earnings yield vs bond yields

ULVM earnings yield (forward)

8.13%

ULVM earnings yield (trailing)

5.77%

ULVM dividend yield

2.20%

Bond market yield (AGG)

5.33%

T-bill yield (BIL)

3.91%

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 ULVM weight splits by P/E

Share of the covered weight in companies with a trailing P/E in each range.

ULVM largest holdings: valuation

ULVM largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
BRK.B	Berkshire Hathaway Inc.	1.70%	13.4	22.7	3.0	—	2.23%
ED	Consolidated Edison, Inc.	1.51%	18.2	16.1	2.3	3.16%	1.46%
L	Loews Corporation	1.45%	13.5	12.2	1.2	0.23%	1.88%
EVRG	Evergy, Inc.	1.45%	21.2	19.5	3.2	3.34%	1.20%
AFL	Aflac Incorporated	1.42%	12.9	15.2	3.3	2.03%	1.93%
AEE	Ameren Corporation	1.34%	18.7	17.5	3.5	2.83%	1.26%
CNP	CenterPoint Energy, Inc.	1.32%	24.0	17.7	2.8	2.37%	0.96%
O	Realty Income Corporation	1.31%	40.6	33.7	8.7	5.81%	0.57%
CB	Chubb Limited	1.29%	12.7	11.6	2.2	1.13%	1.78%
WPC	W. P. Carey Inc.	1.28%	22.3	24.2	8.2	5.83%	1.01%
TRV	The Travelers Companies, Inc.	1.23%	10.5	10.8	1.7	1.28%	2.06%
SPG	Simon Property Group, Inc.	1.22%	14.5	30.7	11.2	4.33%	1.48%
VICI	VICI Properties Inc.	1.17%	9.2	7.8	6.3	7.80%	2.24%
CINF	Cincinnati Financial Corporation	1.16%	8.1	18.5	1.9	2.20%	2.51%
ETR	Entergy Corporation	1.15%	26.9	19.6	3.7	2.44%	0.75%
PFE	Pfizer Inc.	1.15%	38.9	9.7	2.6	5.81%	0.52%
SNA	Snap-on Incorporated	1.14%	18.7	17.3	3.6	2.66%	1.07%
ACGL	Arch Capital Group Ltd.	1.14%	7.9	9.6	1.8	—	2.52%
PFG	Principal Financial Group, Inc.	1.12%	15.5	9.1	1.5	3.09%	1.27%
JNJ	Johnson & Johnson	1.12%	38.8	21.0	6.2	2.10%	0.51%
AIG	American International Group, Inc.	1.07%	14.8	8.5	1.6	2.48%	1.27%
USB	U.S. Bancorp	1.06%	11.4	10.4	3.3	3.68%	1.62%
CSX	CSX Corporation	1.06%	28.3	21.2	6.2	1.15%	0.66%
RS	Reliance Steel & Aluminum Co.	1.05%	23.9	16.4	1.3	1.22%	0.77%
EWBC	East West Bancorp, Inc.	1.05%	12.2	12.7	6.0	2.52%	1.51%

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 ULVM valuation

Adding up its 124 holdings with company data, ULVM trades at 17.3 times trailing earnings and 12.3 times analysts' forward estimates, with a price-to-book ratio of 1.94 and a dividend yield of 2.20%. Its earnings yield of 5.77% is 0.45 points above the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 14.1% of the fund and earn 14.3% of its combined profit. By sector, Consumer Defensive is the most expensive at 55.3 times earnings and Financial Services the cheapest at 11.4. Companies that lost money over the past year are 4.2% 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 99.1% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

ULVM valuation FAQ

What is the P/E ratio of ULVM?

Based on its holdings, ULVM has a trailing P/E of 17.3 and a forward P/E of 12.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of ULVM?

The trailing earnings yield is 5.77% (1 ÷ P/E) and the forward earnings yield 8.13%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is ULVM more expensive than the S&P 500?

ULVM trades at 17.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 12.3 and 19.9.

What is the price-to-book ratio of ULVM?

The holdings of ULVM trade at 1.94 times book value, with a combined return on equity of 11.2%.

Which sector in ULVM has the highest P/E?

Consumer Defensive has the highest P/E at 55.3 and Financial Services the lowest at 11.4.