iShares MSCI USA Value Factor ETF (VLUE) Valuation
VLUE valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 18.3 trailing earnings
- Forward P/E
- 9.9 analyst estimates
- Price / sales
- 1.25
- Price / book
- 2.33
- EV / EBITDA
- 11.6
- Earnings yield
- 5.47% inverse of P/E
- Dividend yield
- 2.00% of the holdings
- Return on equity
- 12.7% combined
- Net margin
- 6.8% combined
- Beta
- 1.22 weighted, vs S&P 500
VLUE valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| VLUE | 18.3 | 9.9 | 1.25 | 2.33 | 2.00% | 12.7% | 6.8% | 4.1% |
| 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.
VLUE valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 40.5% | 18.3 | 9.6 | 3.72 | 5.32 | 0.70% | 29.0% |
| Financial Services | 10.4% | 12.1 | 9.8 | 2.04 | 1.31 | 2.62% | 10.9% |
| Consumer Cyclical | 9.5% | 87.2 | 7.6 | 0.47 | 1.51 | 2.09% | 1.7% |
| Communication Services | 9.4% | 9.9 | 8.5 | 1.08 | 1.44 | 4.53% | 14.5% |
| Healthcare | 8.9% | 30.2 | 10.9 | 0.56 | 1.95 | 2.86% | 6.5% |
| Industrials | 7.3% | 20.3 | 14.1 | 1.33 | 3.06 | 1.90% | 15.1% |
| Consumer Defensive | 4.7% | 72.1 | 12.8 | 0.49 | 1.68 | 3.43% | 2.3% |
| Energy | 3.7% | 14.4 | 10.3 | 1.95 | 1.81 | 2.00% | 12.6% |
| Utilities | 1.8% | 12.2 | 11.0 | 1.79 | 1.41 | 3.68% | 11.6% |
| Real Estate | 1.6% | 16.1 | 19.9 | 8.57 | 2.25 | 5.87% | 14.0% |
| Basic Materials | 1.4% | 18.0 | 11.8 | 2.34 | 2.60 | 1.32% | 14.4% |
VLUE 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 VLUE weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
VLUE largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MU | Micron Technology, Inc. | 19.18% | 11.8 | 7.0 | 7.5 | 0.07% | 29.86% |
| CSCO | Cisco Systems, Inc. | 4.37% | 32.2 | 19.8 | 6.7 | 1.56% | 2.49% |
| GM | General Motors Company | 3.59% | 37.7 | 5.6 | 0.4 | 0.86% | 1.75% |
| VZ | Verizon Communications Inc. | 2.75% | 11.7 | 8.7 | 1.3 | 6.32% | 4.33% |
| T | AT&T Inc. | 2.39% | 7.7 | 9.9 | 1.3 | 4.74% | 5.70% |
| PFE | Pfizer Inc. | 1.93% | 38.9 | 9.7 | 2.6 | 5.81% | 0.91% |
| DIS | The Walt Disney Company | 1.87% | 22.8 | 13.8 | 1.9 | 1.36% | 1.51% |
| HPE | Hewlett Packard Enterprise Company | 1.84% | 28.4 | 13.6 | 1.7 | 1.03% | 1.19% |
| F | Ford Motor Company | 1.76% | — | 7.0 | 0.3 | 4.83% | −4.82% |
| BAC | Bank of America Corporation | 1.72% | 12.2 | 10.8 | 3.1 | 2.50% | 2.59% |
| QCOM | QUALCOMM Incorporated | 1.71% | 19.9 | 19.6 | 4.2 | 2.14% | 1.58% |
| CMCSA | Comcast Corporation | 1.69% | 7.1 | 5.9 | 0.6 | 6.03% | 4.41% |
| DELL | Dell Technologies Inc. | 1.59% | 26.3 | 21.3 | 1.9 | 0.56% | 1.11% |
| C | Citigroup Inc. | 1.44% | 12.1 | 10.2 | 2.5 | 2.16% | 2.18% |
| ACN | Accenture plc | 1.41% | 16.9 | 12.4 | 1.9 | 2.98% | 1.53% |
| CVS | CVS Health Corporation | 1.39% | 24.3 | 10.7 | 0.3 | 2.88% | 1.05% |
| CRM | Salesforce, Inc. | 1.31% | 22.0 | 14.0 | 4.5 | 0.73% | 1.10% |
| FDX | FedEx Corporation | 1.23% | 15.8 | 14.2 | 0.7 | 1.66% | 1.43% |
| BMY | Bristol-Myers Squibb Company | 1.19% | 13.2 | 9.4 | 2.5 | 4.22% | 1.67% |
| WFC | Wells Fargo & Company | 1.15% | 11.8 | 10.2 | 3.0 | 2.38% | 1.79% |
| CI | Cigna Corporation | 1.03% | 12.5 | 8.3 | 0.3 | 2.06% | 1.51% |
| ADM | Archer-Daniels-Midland Company | 0.99% | 22.6 | 15.6 | 0.5 | 2.52% | 0.81% |
| UPS | United Parcel Service, Inc. | 0.97% | 18.1 | 12.0 | 0.9 | 6.73% | 0.99% |
| VLO | Valero Energy Corporation | 0.92% | 18.5 | 10.2 | 1.0 | 1.08% | 0.92% |
| DHI | D.R. Horton, Inc. | 0.90% | 12.9 | 11.9 | 1.2 | 1.29% | 1.28% |
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 VLUE valuation
Adding up its 146 holdings with company data, VLUE trades at 18.3 times trailing earnings and 9.9 times analysts' forward estimates, with a price-to-book ratio of 2.33 and a dividend yield of 2.00%. Its earnings yield of 5.47% is 0.14 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 41.4% of the fund and earn 45.5% of its combined profit. By sector, Consumer Cyclical is the most expensive at 87.2 times earnings and Communication Services the cheapest at 9.9. Companies that lost money over the past year are 4.1% 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 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: VLUE chart, VLUE performance, VLUE holdings, VLUE dividends.
VLUE valuation FAQ
What is the P/E ratio of VLUE?
Based on its holdings, VLUE has a trailing P/E of 18.3 and a forward P/E of 9.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of VLUE?
The trailing earnings yield is 5.47% (1 ÷ P/E) and the forward earnings yield 10.14%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is VLUE more expensive than the S&P 500?
VLUE trades at 18.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 9.9 and 19.9.
What is the price-to-book ratio of VLUE?
The holdings of VLUE trade at 2.33 times book value, with a combined return on equity of 12.7%.
Which sector in VLUE has the highest P/E?
Consumer Cyclical has the highest P/E at 87.2 and Communication Services the lowest at 9.9.