Vanguard S&P Small-Cap 600 Growth ETF (VIOG) Valuation
VIOG valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 28.3 trailing earnings
- Forward P/E
- 17.6 analyst estimates
- Price / sales
- 1.56
- Price / book
- 3.02
- EV / EBITDA
- 14.1
- Earnings yield
- 3.53% inverse of P/E
- Dividend yield
- 1.04% of the holdings
- Return on equity
- 10.7% combined
- Net margin
- 5.5% combined
- Beta
- 1.15 weighted, vs S&P 500
VIOG valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| VIOG | 28.3 | 17.6 | 1.56 | 3.02 | 1.04% | 10.7% | 5.5% | 10.7% |
| 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.
VIOG valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 18.4% | 30.0 | 19.7 | 2.39 | 3.59 | 0.16% | 12.0% |
| Industrials | 18.2% | 31.9 | 18.8 | 1.83 | 3.53 | 0.49% | 11.1% |
| Healthcare | 15.4% | 45.5 | 20.1 | 3.03 | 4.17 | 0.07% | 9.2% |
| Financial Services | 14.3% | 23.4 | 11.8 | 0.60 | 2.15 | 1.58% | 9.2% |
| Consumer Cyclical | 9.9% | 30.0 | 15.4 | 1.41 | 3.79 | 0.53% | 12.6% |
| Real Estate | 6.9% | 17.1 | 22.8 | 3.60 | 1.86 | 5.49% | 10.9% |
| Energy | 4.5% | 14.6 | 20.0 | 1.97 | 2.43 | 2.48% | 16.6% |
| Consumer Defensive | 3.5% | 23.7 | 18.7 | 1.54 | 3.04 | 0.80% | 12.8% |
| Basic Materials | 3.1% | 27.1 | 18.4 | 2.80 | 3.91 | 0.71% | 14.4% |
| Communication Services | 2.8% | n/m | 22.2 | 1.70 | 2.61 | 0.28% | −1.2% |
| Utilities | 1.6% | 21.6 | 21.2 | 3.07 | 1.95 | 3.98% | 9.0% |
VIOG 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 VIOG weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
VIOG largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| FORM | FormFactor, Inc. | 1.38% | 72.4 | 36.6 | 9.1 | — | 0.57% |
| VSAT | Viasat, Inc. | 1.19% | — | 144.9 | 1.8 | — | −0.13% |
| PTGX | Protagonist Therapeutics, Inc. | 1.07% | 125.0 | 36.9 | 29.5 | — | 0.25% |
| RHP | Ryman Hospitality Properties, Inc. | 1.03% | 30.7 | 25.8 | 3.2 | 3.81% | 1.00% |
| TGTX | TG Therapeutics, Inc. | 0.98% | 19.6 | 25.9 | 10.3 | — | 1.49% |
| AWI | Armstrong World Industries, Inc. | 0.87% | 23.0 | 17.1 | 4.2 | 0.81% | 1.13% |
| MSGS | Madison Square Garden Sports Corp. | 0.86% | — | 72.5 | 8.3 | — | 0.02% |
| ESE | ESCO Technologies Inc. | 0.84% | 46.2 | 25.4 | 5.0 | 0.13% | 0.54% |
| ALKS | Alkermes plc | 0.84% | 108.5 | 133.3 | 4.1 | — | 0.23% |
| FSS | Federal Signal Corporation | 0.82% | 24.2 | 19.8 | 2.8 | 0.53% | 1.01% |
| NPO | EnPro Industries, Inc. | 0.82% | 136.4 | 28.1 | 4.9 | 0.46% | 0.18% |
| SNEX | StoneX Group Inc. | 0.81% | 18.9 | 9.8 | 0.0 | — | 1.28% |
| ZWS | Zurn Elkay Water Solutions Corporation | 0.80% | 29.2 | 22.9 | 4.4 | 0.94% | 0.82% |
| GKOS | Glaukos Corporation | 0.79% | — | — | 15.9 | — | −0.47% |
| ETSY | Etsy, Inc. | 0.75% | 24.9 | 14.9 | 2.7 | — | 0.90% |
| LGND | Ligand Pharmaceuticals Incorporated | 0.72% | 31.1 | 24.8 | 20.3 | — | 0.69% |
| ECG | Everus Construction Group Inc | 0.70% | 22.1 | 19.2 | 1.3 | — | 0.95% |
| QRVO | Qorvo Inc | 0.70% | — | — | — | — | — |
| LYFT | Lyft, Inc. | 0.69% | 2.5 | 9.3 | 0.9 | — | 8.19% |
| LTH | Life Time Group Holdings, Inc. | 0.67% | 22.1 | 20.2 | 2.8 | — | 0.90% |
| JBT | John Bean Technologies Corporation | 0.66% | — | — | — | — | — |
| US50012A1088 | KODIAK GAS SERVICES INC | 0.66% | — | — | — | — | — |
| PI | Impinj, Inc. | 0.66% | — | 60.2 | 14.4 | — | −0.10% |
| SXT | Sensient Technologies Corporation | 0.66% | 36.0 | 22.7 | 3.3 | 1.23% | 0.54% |
| AGX | Argan, Inc. | 0.64% | 27.3 | 16.6 | 4.1 | 0.81% | 0.70% |
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 VIOG valuation
Adding up its 335 holdings with company data, VIOG trades at 28.3 times trailing earnings and 17.6 times analysts' forward estimates, with a price-to-book ratio of 3.02 and a dividend yield of 1.04%. Its earnings yield of 3.53% is 1.79 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 9.9% of the fund and earn 6.1% of its combined profit. By sector, Healthcare is the most expensive at 45.5 times earnings and Energy the cheapest at 14.6. Companies that lost money over the past year are 10.7% 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 95.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: VIOG chart, VIOG performance, VIOG holdings, VIOG dividends.
VIOG valuation FAQ
What is the P/E ratio of VIOG?
Based on its holdings, VIOG has a trailing P/E of 28.3 and a forward P/E of 17.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of VIOG?
The trailing earnings yield is 3.53% (1 ÷ P/E) and the forward earnings yield 5.69%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is VIOG more expensive than the S&P 500?
VIOG trades at 28.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 17.6 and 19.9.
What is the price-to-book ratio of VIOG?
The holdings of VIOG trade at 3.02 times book value, with a combined return on equity of 10.7%.
Which sector in VIOG has the highest P/E?
Healthcare has the highest P/E at 45.5 and Energy the lowest at 14.6.