iShares MSCI Global Agriculture Producers ETF (VEGI) Valuation
VEGI valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 33.7 trailing earnings
- Forward P/E
- 18.8 analyst estimates
- Price / sales
- 1.22
- Price / book
- 3.11
- EV / EBITDA
- 13.4
- Earnings yield
- 2.97% inverse of P/E
- Dividend yield
- 1.45% of the holdings
- Return on equity
- 9.2% combined
- Net margin
- 3.6% combined
- Beta
- 0.78 weighted, vs S&P 500
VEGI valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| VEGI | 33.7 | 18.8 | 1.22 | 3.11 | 1.45% | 9.2% | 3.6% | 1.7% |
| 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.
VEGI valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Industrials | 40.0% | 33.4 | 26.1 | 2.70 | 5.64 | 1.04% | 16.9% |
| Consumer Defensive | 29.3% | 20.6 | 12.8 | 0.46 | 1.63 | 2.38% | 7.9% |
| Financial Services | 9.0% | 103.1 | — | 2.70 | — | 0.00% | — |
VEGI 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 VEGI weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
VEGI largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| DE | Deere & Company | 31.02% | 35.7 | 29.3 | 3.6 | 1.01% | 43.43% |
| VYLR | Vylor Inc. | 9.04% | 103.1 | — | 2.7 | — | 4.38% |
| ADM | Archer-Daniels-Midland Company | 7.25% | 22.6 | 15.6 | 0.5 | 2.52% | 16.01% |
| NTR | Nutrien Ltd | 6.16% | — | — | — | — | — |
| CF | CF Industries Holdings, Inc. | 3.39% | 9.0 | 12.2 | 2.4 | 1.99% | 18.88% |
| 6326 | Kubota Corp. | 2.79% | — | — | — | — | — |
| BG | Bunge Limited | 2.44% | 21.1 | 9.6 | 0.2 | 2.71% | 5.75% |
| MOWI | Mowi ASA | 1.94% | — | — | — | — | — |
| TTC | The Toro Company | 1.94% | 26.9 | 17.0 | 2.0 | 1.55% | 3.60% |
| CNH | CNH Industrial NV | 1.85% | 46.4 | 15.5 | 1.0 | 0.86% | 1.99% |
| DAR | Darling Ingredients Inc. | 1.71% | 16.5 | 11.7 | 1.5 | — | 5.15% |
| CTVA | Corteva, Inc. | 1.63% | 8.0 | 19.1 | 1.7 | 5.59% | 10.24% |
| LW | Lamb Weston Holdings, Inc. | 1.40% | 29.3 | 14.7 | 1.1 | 2.84% | 2.40% |
| 2020 | SABIC AgriNutrients Co | 1.35% | — | — | — | — | — |
| YAR | Yara International ASA | 1.34% | — | — | — | — | — |
| AGCO | AGCO Corporation | 1.24% | 14.3 | 16.0 | 0.7 | 1.16% | 4.33% |
| 0288 | WH Group Ltd | 1.16% | — | — | — | — | — |
| INGR | Ingredion Incorporated | 1.14% | 10.7 | 8.4 | 0.9 | 3.39% | 5.33% |
| TATACONSUM | TATA CONSUMER PRODUCTS LIMITED | 1.09% | — | — | — | — | — |
| MOS | The Mosaic Company | 1.01% | — | 9.4 | 0.5 | 4.68% | −5.37% |
| 2280 | Almarai Company | 0.96% | — | — | — | — | — |
| SALM | SalMar ASA | 0.81% | — | — | — | — | — |
| F34 | Wilmar International Ltd | 0.78% | — | — | — | — | — |
| CWK | Cranswick PLC | 0.67% | — | — | — | — | — |
| SDG | SD GUTHRIE | 0.65% | — | — | — | — | — |
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 VEGI valuation
Adding up its 22 holdings with company data, VEGI trades at 33.7 times trailing earnings and 18.8 times analysts' forward estimates, with a price-to-book ratio of 3.11 and a dividend yield of 1.45%. Its earnings yield of 2.97% is 2.36 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 67.8% of the fund and earn 111.8% of its combined profit. By sector, Financial Services is the most expensive at 103.1 times earnings and Consumer Defensive the cheapest at 20.6. Companies that lost money over the past year are 1.7% 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 66.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: VEGI chart, VEGI performance, VEGI holdings, VEGI dividends.
VEGI valuation FAQ
What is the P/E ratio of VEGI?
Based on its holdings, VEGI has a trailing P/E of 33.7 and a forward P/E of 18.8 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of VEGI?
The trailing earnings yield is 2.97% (1 ÷ P/E) and the forward earnings yield 5.33%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is VEGI more expensive than the S&P 500?
VEGI trades at 33.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 18.8 and 19.9.
What is the price-to-book ratio of VEGI?
The holdings of VEGI trade at 3.11 times book value, with a combined return on equity of 9.2%.
Which sector in VEGI has the highest P/E?
Financial Services has the highest P/E at 103.1 and Consumer Defensive the lowest at 20.6.