Vanguard Small-Cap Growth ETF (VBK) Valuation
VBK valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 131.2 trailing earnings
- Forward P/E
- 22.0 analyst estimates
- Price / sales
- 2.80
- Price / book
- 4.91
- EV / EBITDA
- 16.8
- Earnings yield
- 0.76% inverse of P/E
- Dividend yield
- 0.43% of the holdings
- Return on equity
- 3.7% combined
- Net margin
- 2.1% combined
- Beta
- 1.33 weighted, vs S&P 500
VBK valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| VBK | 131.2 | 22.0 | 2.80 | 4.91 | 0.43% | 3.7% | 2.1% | 22.2% |
| 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.
VBK valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 27.2% | 86.2 | 23.9 | 4.95 | 6.39 | 0.10% | 7.4% |
| Healthcare | 20.4% | n/m | 27.0 | 5.30 | 7.54 | 0.01% | −2.9% |
| Industrials | 19.4% | 76.9 | 21.6 | 2.47 | 4.79 | 0.52% | 6.2% |
| Consumer Cyclical | 7.9% | 567.6 | 18.4 | 1.80 | 6.16 | 0.36% | 1.1% |
| Financial Services | 6.4% | n/m | 19.5 | 0.83 | 3.70 | 1.10% | −6.7% |
| Real Estate | 3.7% | 58.7 | 27.2 | 3.26 | 2.45 | 3.19% | 4.2% |
| Communication Services | 3.3% | 228.7 | 19.8 | 2.50 | 3.15 | 0.38% | 1.4% |
| Energy | 3.1% | 45.8 | 19.7 | 2.47 | 2.39 | 1.16% | 5.2% |
| Basic Materials | 3.1% | 26.8 | 16.8 | 3.80 | 3.01 | 0.56% | 11.2% |
| Consumer Defensive | 2.0% | 24.9 | 14.9 | 1.58 | 2.96 | 0.52% | 11.9% |
| Utilities | 1.0% | n/m | 13.3 | 3.11 | 3.43 | 0.33% | −2.0% |
| Information Technology | 0.1% | n/m | 45.0 | 20.20 | 2.74 | 0.00% | −2.7% |
VBK 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 VBK weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
VBK largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NTRA | Natera, Inc. | 1.67% | — | — | 20.9 | — | −0.80% |
| TWLO | Twilio Inc | 1.33% | 33.8 | 43.7 | 6.7 | — | 5.48% |
| RVMD | Revolution Medicines, Inc. | 1.23% | — | — | 9,035.1 | — | −8.48% |
| ILMN | Illumina, Inc. | 1.16% | 49.0 | 40.3 | 8.8 | — | 3.30% |
| P | Everpure, Inc. | 1.13% | 169.9 | 44.8 | 9.7 | — | 0.92% |
| OKTA | Okta, Inc. | 1.03% | 112.8 | 54.3 | 10.7 | — | 1.26% |
| CRDO | Credo Technology Group Holding Ltd | 0.98% | 60.2 | 30.9 | 20.0 | — | 2.27% |
| EME | EMCOR Group, Inc. | 0.92% | 22.5 | 19.8 | 1.7 | 0.22% | 5.71% |
| FTI | TechnipFMC plc | 0.76% | 24.3 | 21.3 | 2.6 | 0.29% | 4.36% |
| ATI | ATI Inc. | 0.74% | 54.4 | 28.8 | 5.4 | — | 1.89% |
| NVT | nVent Electric plc | 0.72% | 39.3 | 25.1 | 4.8 | 0.59% | 2.53% |
| GH | Guardant Health, Inc. | 0.68% | — | — | 18.0 | — | −2.07% |
| ENTG | Entegris, Inc. | 0.66% | 69.4 | 31.6 | 6.4 | 0.29% | 1.32% |
| INCY | Incyte Corporation | 0.62% | 14.4 | 14.7 | 3.9 | — | 5.97% |
| CASY | Casey's General Stores, Inc. | 0.61% | 33.2 | 29.1 | 1.4 | 0.38% | 2.56% |
| MTSI | MACOM Technology Solutions Holdings, Inc. | 0.59% | 83.5 | 32.3 | 17.2 | — | 0.98% |
| FWONK | Liberty Media Corporation - Formula One Group | 0.59% | 110.7 | 48.1 | 5.7 | — | 0.74% |
| WWD | Woodward, Inc. | 0.57% | 36.5 | 31.6 | 4.6 | 0.39% | 2.17% |
| FLEX | Flex Ltd. | 0.57% | 38.7 | 24.2 | 1.1 | — | 2.03% |
| SOFI | SoFi Technologies, Inc. | 0.56% | 29.7 | 20.7 | 4.4 | — | 2.61% |
| ROKU | Roku, Inc | 0.56% | 65.8 | 39.1 | 4.4 | — | 1.18% |
| RGLD | Royal Gold, Inc. | 0.54% | 26.4 | 24.2 | 13.1 | 0.80% | 2.87% |
| CW | Curtiss-Wright Corporation | 0.54% | 34.6 | 28.4 | 5.1 | 0.21% | 2.18% |
| XPO | XPO Logistics, Inc. | 0.54% | 54.9 | 27.0 | 2.5 | — | 1.36% |
| CRS | Carpenter Technology Corporation | 0.54% | 35.8 | 23.4 | 6.0 | 0.21% | 2.08% |
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 VBK valuation
Adding up its 520 holdings with company data, VBK trades at 131.2 times trailing earnings and 22.0 times analysts' forward estimates, with a price-to-book ratio of 4.91 and a dividend yield of 0.43%. Its earnings yield of 0.76% is 4.57 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 11.0% of the fund and earn 15.9% of its combined profit. By sector, Consumer Cyclical is the most expensive at 567.6 times earnings and Consumer Defensive the cheapest at 24.9. Companies that lost money over the past year are 22.2% 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 96.7% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: VBK chart, VBK performance, VBK holdings, VBK dividends.
VBK valuation FAQ
What is the P/E ratio of VBK?
Based on its holdings, VBK has a trailing P/E of 131.2 and a forward P/E of 22.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of VBK?
The trailing earnings yield is 0.76% (1 ÷ P/E) and the forward earnings yield 4.54%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is VBK more expensive than the S&P 500?
VBK trades at 131.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 22.0 and 19.9.
What is the price-to-book ratio of VBK?
The holdings of VBK trade at 4.91 times book value, with a combined return on equity of 3.7%.
Which sector in VBK has the highest P/E?
Consumer Cyclical has the highest P/E at 567.6 and Consumer Defensive the lowest at 24.9.