US Vegan Climate ETF (VEGN) Valuation
VEGN valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 28.8 trailing earnings
- Forward P/E
- 19.4 analyst estimates
- Price / sales
- 3.93
- Price / book
- 6.84
- EV / EBITDA
- 20.9
- Earnings yield
- 3.47% inverse of P/E
- Dividend yield
- 0.97% of the holdings
- Return on equity
- 23.7% combined
- Net margin
- 13.6% combined
- Beta
- 1.35 weighted, vs S&P 500
VEGN valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| VEGN | 28.8 | 19.4 | 3.93 | 6.84 | 0.97% | 23.7% | 13.6% | 4.6% |
| 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.
VEGN valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 61.4% | 36.5 | 20.9 | 8.54 | 11.57 | 0.57% | 31.7% |
| Financial Services | 14.1% | 21.8 | 17.9 | 4.56 | 5.47 | 1.05% | 25.1% |
| Communication Services | 8.3% | 13.5 | 13.2 | 2.27 | 2.90 | 2.47% | 21.5% |
| Industrials | 4.9% | 30.4 | 19.4 | 2.28 | 5.31 | 1.37% | 17.5% |
| Healthcare | 4.4% | 30.4 | 16.9 | 0.61 | 3.42 | 1.61% | 11.3% |
| Real Estate | 4.0% | 41.8 | 38.8 | 7.28 | 3.83 | 2.71% | 9.2% |
| Consumer Cyclical | 1.9% | 22.7 | 14.6 | 1.45 | 4.11 | 1.02% | 18.1% |
| Basic Materials | 0.1% | 14.7 | 10.4 | 4.11 | 2.32 | 0.40% | 15.8% |
| Utilities | 0.1% | 23.4 | 20.0 | 5.08 | 2.27 | 2.65% | 9.7% |
| Consumer Defensive | 0.0% | 118.8 | 23.7 | 2.97 | 5.52 | 0.00% | 4.6% |
VEGN 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 VEGN weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
VEGN largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 4.97% | 39.4 | 35.2 | 10.7 | 0.31% | 3.68% |
| AMD | Advanced Micro Devices, Inc. | 4.75% | 134.9 | 39.5 | 20.9 | — | 1.03% |
| MU | Micron Technology, Inc. | 4.75% | 11.8 | 7.0 | 7.5 | 0.07% | 11.71% |
| NVDA | NVIDIA Corporation | 4.36% | 27.1 | 24.9 | 17.1 | 0.47% | 4.69% |
| GOOGL | Alphabet Inc. | 3.88% | 17.1 | 22.8 | 9.3 | 0.26% | 6.62% |
| V | Visa Inc. | 3.88% | 34.3 | 24.0 | 17.0 | 0.67% | 3.30% |
| AVGO | Broadcom Inc. | 3.38% | 43.3 | 19.4 | 17.6 | 0.79% | 2.28% |
| MA | Mastercard Incorporated | 3.32% | 34.0 | 24.2 | 15.4 | 0.56% | 2.85% |
| CSCO | Cisco Systems, Inc. | 2.69% | 32.2 | 19.8 | 6.7 | 1.56% | 2.43% |
| UNH | UnitedHealth Group Incorporated | 2.67% | 25.8 | 16.6 | 0.8 | 2.31% | 3.01% |
| INTC | Intel Corporation | 2.42% | — | 63.3 | 8.3 | — | −1.66% |
| PANW | Palo Alto Networks, Inc. | 2.37% | 855.0 | 94.3 | 24.4 | — | 0.08% |
| LRCX | Lam Research Corporation | 2.36% | 45.8 | 33.7 | 14.2 | 0.50% | 1.50% |
| AMAT | Applied Materials, Inc. | 2.35% | 35.3 | 23.4 | 10.5 | 0.52% | 1.94% |
| TXN | Texas Instruments Incorporated | 2.04% | 42.1 | 27.5 | 13.0 | 2.20% | 1.41% |
| CRM | Salesforce, Inc. | 1.98% | 22.0 | 14.0 | 4.5 | 0.73% | 2.62% |
| IBM | International Business Machines Corporation | 1.89% | 20.6 | 17.4 | 3.2 | 2.91% | 2.67% |
| CRWD | CrowdStrike Holdings, Inc. | 1.88% | — | 208.3 | 43.1 | — | 0.01% |
| MRVL | Marvell Technology, Inc. | 1.84% | 72.3 | 62.1 | 21.7 | 0.11% | 0.74% |
| KLAC | KLA Corporation | 1.74% | 45.3 | 34.8 | 15.9 | 0.56% | 1.12% |
| ORCL | Oracle Corporation | 1.61% | 20.1 | 17.8 | 5.4 | 1.56% | 2.34% |
| VZ | Verizon Communications Inc. | 1.61% | 11.7 | 8.7 | 1.3 | 6.32% | 4.03% |
| SNDK | Sandisk Corporation | 1.59% | 17.6 | 8.0 | 9.3 | — | 2.63% |
| ANET | Arista Networks, Inc. | 1.50% | 55.8 | 39.2 | 21.2 | — | 0.78% |
| AXP | American Express Company | 1.47% | 19.0 | 15.1 | 3.0 | 1.21% | 2.26% |
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 VEGN valuation
Adding up its 251 holdings with company data, VEGN trades at 28.8 times trailing earnings and 19.4 times analysts' forward estimates, with a price-to-book ratio of 6.84 and a dividend yield of 0.97%. Its earnings yield of 3.47% is 1.86 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 38.6% of the fund and earn 41.6% of its combined profit. By sector, Consumer Defensive is the most expensive at 118.8 times earnings and Communication Services the cheapest at 13.5. Companies that lost money over the past year are 4.6% 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 99.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: VEGN chart, VEGN performance, VEGN holdings, VEGN dividends.
VEGN valuation FAQ
What is the P/E ratio of VEGN?
Based on its holdings, VEGN has a trailing P/E of 28.8 and a forward P/E of 19.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of VEGN?
The trailing earnings yield is 3.47% (1 ÷ P/E) and the forward earnings yield 5.15%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is VEGN more expensive than the S&P 500?
VEGN trades at 28.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.4 and 19.9.
What is the price-to-book ratio of VEGN?
The holdings of VEGN trade at 6.84 times book value, with a combined return on equity of 23.7%.
Which sector in VEGN has the highest P/E?
Consumer Defensive has the highest P/E at 118.8 and Communication Services the lowest at 13.5.