Vanguard S&P Small-Cap 600 ETF (VIOO) Valuation
VIOO valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 46.9 trailing earnings
- Forward P/E
- 14.0 analyst estimates
- Price / sales
- 1.06
- Price / book
- 2.00
- EV / EBITDA
- 11.4
- Earnings yield
- 2.13% inverse of P/E
- Dividend yield
- 1.59% of the holdings
- Return on equity
- 4.3% combined
- Net margin
- 2.3% combined
- Beta
- 1.11 weighted, vs S&P 500
VIOO valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| VIOO | 46.9 | 14.0 | 1.06 | 2.00 | 1.59% | 4.3% | 2.3% | 15.6% |
| 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.
VIOO valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 17.0% | 21.1 | 10.8 | 1.01 | 1.44 | 2.50% | 6.8% |
| Technology | 15.8% | 51.9 | 15.7 | 1.73 | 3.12 | 0.28% | 6.0% |
| Industrials | 15.5% | 30.9 | 16.0 | 1.03 | 2.62 | 0.94% | 8.5% |
| Consumer Cyclical | 12.0% | 79.6 | 12.2 | 0.56 | 1.88 | 1.04% | 2.4% |
| Healthcare | 10.9% | n/m | 17.1 | 2.09 | 3.00 | 0.18% | −3.4% |
| Real Estate | 6.8% | 23.5 | 23.1 | 2.38 | 1.42 | 5.80% | 6.0% |
| Energy | 6.1% | 22.4 | 11.9 | 0.85 | 1.56 | 2.36% | 7.0% |
| Consumer Defensive | 4.5% | n/m | 12.8 | 0.61 | 1.59 | 2.19% | −3.6% |
| Basic Materials | 4.5% | n/m | 11.5 | 1.03 | 2.20 | 1.45% | −9.1% |
| Communication Services | 3.4% | 35.1 | 15.8 | 1.43 | 2.10 | 0.90% | 6.0% |
| Utilities | 1.7% | 18.0 | 18.2 | 2.10 | 1.63 | 3.39% | 9.1% |
| Services | 0.1% | 14.2 | 15.3 | 1.60 | 2.99 | 2.71% | 21.0% |
VIOO 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 VIOO weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
VIOO largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| FORM | FormFactor, Inc. | 0.66% | 72.4 | 36.6 | 9.1 | — | 0.45% |
| VSAT | Viasat, Inc. | 0.56% | — | 144.9 | 1.8 | — | −0.10% |
| PTGX | Protagonist Therapeutics, Inc. | 0.55% | 125.0 | 36.9 | 29.5 | — | 0.22% |
| GKOS | Glaukos Corporation | 0.55% | — | — | 15.9 | — | −0.54% |
| QRVO | Qorvo Inc | 0.55% | — | — | — | — | — |
| MTCH | Match Group, Inc. | 0.52% | 15.2 | 9.7 | 2.8 | 1.86% | 1.67% |
| PAYC | Paycom Software, Inc. | 0.49% | 26.6 | 16.7 | 5.3 | 0.60% | 0.91% |
| ESI | Element Solutions Inc | 0.49% | 47.4 | 17.0 | 2.7 | 0.91% | 0.51% |
| JXN | Jackson Financial Inc. | 0.48% | 143.5 | — | 1.4 | 2.76% | 0.16% |
| SM | SM Energy Company | 0.48% | 7.0 | 4.4 | 1.9 | 2.23% | 3.36% |
| TGTX | TG Therapeutics, Inc. | 0.46% | 19.6 | 25.9 | 10.3 | — | 1.17% |
| KMX | CarMax, Inc. | 0.46% | 25.3 | 21.6 | 0.3 | — | 0.89% |
| RHP | Ryman Hospitality Properties, Inc. | 0.45% | 30.7 | 25.8 | 3.2 | 3.81% | 0.73% |
| LTH | Life Time Group Holdings, Inc. | 0.44% | 22.1 | 20.2 | 2.8 | — | 0.99% |
| RAL | Ralliant Corporation | 0.44% | — | 21.7 | 3.4 | 0.30% | −3.53% |
| ACA | Arcosa, Inc. | 0.43% | 36.3 | 29.9 | 2.5 | 0.14% | 0.58% |
| MXL | MaxLinear, Inc. | 0.43% | — | 31.5 | 11.4 | — | −0.35% |
| VSXY | Victoria's Secret & Co | 0.42% | 19.5 | 13.6 | 1.0 | — | 1.07% |
| MSGS | Madison Square Garden Sports Corp. | 0.41% | — | 72.5 | 8.3 | — | 0.02% |
| LNC | Lincoln National Corporation | 0.41% | 3.4 | 5.2 | 0.4 | 4.52% | 5.98% |
| EMN | Eastman Chemical Company | 0.41% | 16.3 | 9.2 | 0.8 | 5.39% | 1.25% |
| PLXS | Plexus Corp. | 0.41% | 34.0 | 24.2 | 1.3 | — | 0.59% |
| FSS | Federal Signal Corporation | 0.40% | 24.2 | 19.8 | 2.8 | 0.53% | 0.82% |
| GTES | Gates Industrial Corporation plc | 0.40% | 18.3 | 13.9 | 1.9 | — | 1.08% |
| SNEX | StoneX Group Inc. | 0.39% | 18.9 | 9.8 | 0.0 | — | 1.03% |
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 VIOO valuation
Adding up its 579 holdings with company data, VIOO trades at 46.9 times trailing earnings and 14.0 times analysts' forward estimates, with a price-to-book ratio of 2.00 and a dividend yield of 1.59%. Its earnings yield of 2.13% is 3.20 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 5.3% of the fund and earn 7.8% of its combined profit. By sector, Consumer Cyclical is the most expensive at 79.6 times earnings and Services the cheapest at 14.2. Companies that lost money over the past year are 15.6% 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 95.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: VIOO chart, VIOO performance, VIOO holdings, VIOO dividends.
VIOO valuation FAQ
What is the P/E ratio of VIOO?
Based on its holdings, VIOO has a trailing P/E of 46.9 and a forward P/E of 14.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of VIOO?
The trailing earnings yield is 2.13% (1 ÷ P/E) and the forward earnings yield 7.16%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is VIOO more expensive than the S&P 500?
VIOO trades at 46.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 14.0 and 19.9.
What is the price-to-book ratio of VIOO?
The holdings of VIOO trade at 2.00 times book value, with a combined return on equity of 4.3%.
Which sector in VIOO has the highest P/E?
Consumer Cyclical has the highest P/E at 79.6 and Services the lowest at 14.2.