Natixis Vaughan Nelson Select ETF (VNSE) Valuation
VNSE valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 26.0 trailing earnings
- Forward P/E
- 22.0 analyst estimates
- Price / sales
- 2.81
- Price / book
- 5.61
- EV / EBITDA
- 17.5
- Earnings yield
- 3.84% inverse of P/E
- Dividend yield
- 0.70% of the holdings
- Return on equity
- 21.5% combined
- Net margin
- 10.8% combined
- Beta
- 1.19 weighted, vs S&P 500
VNSE valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| VNSE | 26.0 | 22.0 | 2.81 | 5.61 | 0.70% | 21.5% | 10.8% | 0.0% |
| 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.
VNSE valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 35.0% | 33.9 | 26.4 | 1.82 | 9.57 | 0.42% | 28.2% |
| Financial Services | 13.7% | 16.8 | 17.0 | 5.09 | 2.84 | 0.97% | 16.9% |
| Communication Services | 9.9% | 19.5 | 22.6 | 8.79 | 7.02 | 0.27% | 35.9% |
| Healthcare | 9.8% | 43.9 | 27.4 | 12.08 | 22.28 | 0.40% | 50.8% |
| Consumer Cyclical | 8.5% | 22.8 | 25.0 | 3.32 | 6.23 | 0.29% | 27.4% |
| Industrials | 8.2% | 37.0 | 26.9 | 2.81 | 9.83 | 0.64% | 26.6% |
| Energy | 6.1% | 23.0 | 14.8 | 2.04 | 2.56 | 2.30% | 11.1% |
| Basic Materials | 3.9% | 20.4 | 11.4 | 1.61 | 2.53 | 0.87% | 12.4% |
| Utilities | 2.5% | 22.0 | 17.0 | 3.48 | 2.43 | 3.33% | 11.0% |
VNSE 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 VNSE weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
VNSE largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 8.61% | 27.1 | 24.9 | 17.1 | 0.47% | 8.80% |
| LLY | Eli Lilly and Company | 7.08% | 42.2 | 24.4 | 14.1 | 0.55% | 4.65% |
| TSM | Taiwan Semiconductor Manufacturing Company Limited | 6.58% | 26.7 | 21.4 | 0.4 | 0.91% | 6.81% |
| GOOGL | Alphabet Inc. | 6.46% | 17.1 | 22.8 | 9.3 | 0.26% | 10.47% |
| XOM | Exxon Mobil Corporation | 6.09% | 23.0 | 14.8 | 2.0 | 2.30% | 7.32% |
| AAPL | Apple Inc. | 5.19% | 39.4 | 35.2 | 10.7 | 0.31% | 3.65% |
| AMZN | Amazon.com, Inc. | 5.15% | 20.1 | 23.6 | 3.5 | — | 7.08% |
| BRK.B | Berkshire Hathaway Inc. | 3.63% | 13.4 | 22.7 | 3.0 | — | 7.51% |
| V | Visa Inc. | 3.47% | 34.3 | 24.0 | 17.0 | 0.67% | 2.80% |
| META | Meta Platforms, Inc. | 3.44% | 26.7 | 22.1 | 7.9 | 0.30% | 3.56% |
| SCHW | The Charles Schwab Corporation | 3.32% | 15.7 | 12.9 | 5.9 | 1.39% | 5.85% |
| ROST | Ross Stores, Inc. | 3.31% | 28.6 | 27.4 | 3.1 | 0.75% | 3.20% |
| SHOP | Shopify Inc. | 3.28% | 114.5 | 58.8 | 16.6 | — | 0.79% |
| JPM | JPMorgan Chase & Co. | 3.27% | 14.2 | 13.5 | 4.7 | 1.94% | 6.36% |
| SNPS | Synopsys, Inc. | 2.83% | 80.3 | 23.3 | 9.3 | — | 0.97% |
| NUE | Nucor Corporation | 2.81% | 20.4 | 11.4 | 1.6 | 0.87% | 3.81% |
| URI | United Rentals, Inc. | 2.78% | 24.8 | 18.5 | 3.8 | 0.77% | 3.11% |
| ETN | Eaton Corporation plc | 2.78% | 39.8 | 27.6 | 5.1 | 1.12% | 1.93% |
| ILMN | Illumina, Inc. | 2.70% | 49.0 | 40.3 | 8.8 | — | 1.53% |
| BA | The Boeing Company | 2.60% | 67.9 | 49.5 | 1.6 | — | 1.06% |
| SO | The Southern Company | 2.48% | 22.0 | 17.0 | 3.5 | 3.33% | 3.12% |
| MPWR | Monolithic Power Systems, Inc. | 2.43% | 73.7 | 38.8 | 18.2 | 0.66% | 0.91% |
| CLS | Celestica Inc. | 2.29% | — | — | — | — | — |
| UBER | Uber Technologies, Inc. | 1.95% | 15.4 | 15.9 | 2.6 | — | 3.51% |
| Q | Qnity Electronics, Inc. | 1.81% | 41.2 | 24.8 | 4.6 | 0.28% | 1.22% |
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 VNSE valuation
Adding up its 24 holdings with company data, VNSE trades at 26.0 times trailing earnings and 22.0 times analysts' forward estimates, with a price-to-book ratio of 5.61 and a dividend yield of 0.70%. Its earnings yield of 3.84% is 1.49 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 55.7% of the fund and earn 62.6% of its combined profit. By sector, Healthcare is the most expensive at 43.9 times earnings and Financial Services the cheapest at 16.8. Companies that lost money over the past year are 0.0% 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 96.5% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: VNSE chart, VNSE performance, VNSE holdings, VNSE dividends.
VNSE valuation FAQ
What is the P/E ratio of VNSE?
Based on its holdings, VNSE has a trailing P/E of 26.0 and a forward P/E of 22.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of VNSE?
The trailing earnings yield is 3.84% (1 ÷ P/E) and the forward earnings yield 4.55%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is VNSE more expensive than the S&P 500?
VNSE trades at 26.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 22.0 and 19.9.
What is the price-to-book ratio of VNSE?
The holdings of VNSE trade at 5.61 times book value, with a combined return on equity of 21.5%.
Which sector in VNSE has the highest P/E?
Healthcare has the highest P/E at 43.9 and Financial Services the lowest at 16.8.