Vanguard S&P Small-Cap 600 Value ETF (VIOV) Valuation
VIOV valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 93.8 trailing earnings
- Forward P/E
- 11.8 analyst estimates
- Price / sales
- 0.83
- Price / book
- 1.54
- EV / EBITDA
- 9.6
- Earnings yield
- 1.07% inverse of P/E
- Dividend yield
- 2.09% of the holdings
- Return on equity
- 1.6% combined
- Net margin
- 0.9% combined
- Beta
- 1.08 weighted, vs S&P 500
VIOV valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| VIOV | 93.8 | 11.8 | 0.83 | 1.54 | 2.09% | 1.6% | 0.9% | 19.9% |
| 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.
VIOV valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 19.5% | 17.1 | 10.2 | 1.88 | 1.18 | 3.13% | 6.9% |
| Consumer Cyclical | 14.0% | n/m | 10.8 | 0.41 | 1.44 | 1.38% | −0.1% |
| Technology | 13.6% | n/m | 12.8 | 1.29 | 2.67 | 0.41% | 0.1% |
| Industrials | 13.0% | 29.8 | 13.7 | 0.66 | 1.98 | 1.51% | 6.6% |
| Energy | 7.4% | 30.7 | 9.9 | 0.66 | 1.34 | 2.35% | 4.3% |
| Real Estate | 7.0% | 36.1 | 23.6 | 1.83 | 1.18 | 6.03% | 3.3% |
| Healthcare | 6.7% | n/m | 13.0 | 1.26 | 1.89 | 0.41% | −14.8% |
| Basic Materials | 5.6% | n/m | 9.7 | 0.80 | 1.81 | 1.91% | −13.3% |
| Consumer Defensive | 5.4% | n/m | 10.9 | 0.46 | 1.27 | 2.96% | −7.2% |
| Communication Services | 4.1% | 20.1 | 12.9 | 1.25 | 1.86 | 1.38% | 9.3% |
| Utilities | 1.8% | 15.5 | 16.0 | 1.62 | 1.40 | 2.89% | 9.0% |
| Services | 0.2% | 14.2 | 15.3 | 1.60 | 2.99 | 2.71% | 21.0% |
VIOV 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 VIOV weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
VIOV largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MTCH | Match Group, Inc. | 1.08% | 15.2 | 9.7 | 2.8 | 1.86% | 6.93% |
| PAYC | Paycom Software, Inc. | 0.90% | 26.6 | 16.7 | 5.3 | 0.60% | 3.30% |
| SM | SM Energy Company | 0.88% | 7.0 | 4.4 | 1.9 | 2.23% | 12.31% |
| JXN | Jackson Financial Inc. | 0.86% | 143.5 | — | 1.4 | 2.76% | 0.58% |
| KMX | CarMax, Inc. | 0.84% | 25.3 | 21.6 | 0.3 | — | 3.27% |
| EMN | Eastman Chemical Company | 0.84% | 16.3 | 9.2 | 0.8 | 5.39% | 5.07% |
| LNC | Lincoln National Corporation | 0.75% | 3.4 | 5.2 | 0.4 | 4.52% | 21.77% |
| VSXY | Victoria's Secret & Co | 0.75% | 19.5 | 13.6 | 1.0 | — | 3.77% |
| MATX | Matson, Inc. | 0.71% | 15.8 | 19.2 | 2.0 | 0.65% | 4.40% |
| CAG | Conagra Brands, Inc. | 0.71% | — | 10.6 | 0.6 | 4.84% | −19.80% |
| MHK | Mohawk Industries, Inc. | 0.69% | 15.9 | 11.7 | 0.7 | — | 4.24% |
| LKQ | LKQ Corporation | 0.66% | 12.5 | 7.9 | 0.4 | 5.40% | 5.22% |
| POOL | Pool Corporation | 0.66% | 15.8 | 17.1 | 1.2 | 3.01% | 4.06% |
| BLDR | Builders FirstSource, Inc. | 0.65% | 59.4 | 13.9 | 0.4 | — | 1.08% |
| CZR | Caesars Entertainment, Inc. | 0.65% | — | 51.0 | 0.5 | — | −5.01% |
| LW | Lamb Weston Holdings, Inc. | 0.64% | 29.3 | 14.7 | 1.1 | 2.84% | 2.15% |
| TAP | Molson Coors Beverage Company | 0.64% | — | 6.8 | 0.7 | 4.86% | −17.27% |
| EPAM | EPAM Systems, Inc. | 0.63% | 16.6 | 8.3 | 1.1 | — | 3.75% |
| AUB | Atlantic Union Bankshares Corporation | 0.63% | 11.3 | 9.1 | 3.6 | 3.88% | 5.49% |
| TFX | Teleflex Incorporated | 0.62% | — | 11.0 | 2.5 | 1.04% | −3.95% |
| MGY | Magnolia Oil & Gas Corporation | 0.59% | 11.1 | 9.2 | 4.7 | 2.60% | 5.20% |
| NRZ | New Residential Investment Corp | 0.57% | — | — | — | — | — |
| TTD | The Trade Desk, Inc. | 0.55% | 14.7 | 13.9 | 1.9 | — | 3.68% |
| KLIC | Kulicke and Soffa Industries, Inc. | 0.55% | 36.1 | 13.3 | 4.3 | 1.04% | 1.50% |
| NSIT | Insight Enterprises, Inc. | 0.52% | 23.6 | 11.9 | 0.5 | — | 2.15% |
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 VIOV valuation
Adding up its 445 holdings with company data, VIOV trades at 93.8 times trailing earnings and 11.8 times analysts' forward estimates, with a price-to-book ratio of 1.54 and a dividend yield of 2.09%. Its earnings yield of 1.07% is 4.26 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 8.3% of the fund and earn 41.6% of its combined profit. By sector, Real Estate is the most expensive at 36.1 times earnings and Services the cheapest at 14.2. Companies that lost money over the past year are 19.9% 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 96.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: VIOV chart, VIOV performance, VIOV holdings, VIOV dividends.
VIOV valuation FAQ
What is the P/E ratio of VIOV?
Based on its holdings, VIOV has a trailing P/E of 93.8 and a forward P/E of 11.8 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of VIOV?
The trailing earnings yield is 1.07% (1 ÷ P/E) and the forward earnings yield 8.48%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is VIOV more expensive than the S&P 500?
VIOV trades at 93.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 11.8 and 19.9.
What is the price-to-book ratio of VIOV?
The holdings of VIOV trade at 1.54 times book value, with a combined return on equity of 1.6%.
Which sector in VIOV has the highest P/E?
Real Estate has the highest P/E at 36.1 and Services the lowest at 14.2.