Vanguard Russell 1000 Growth ETF (VONG) Valuation
VONG valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 30.7 trailing earnings
- Forward P/E
- 23.5 analyst estimates
- Price / sales
- 6.88
- Price / book
- 13.07
- EV / EBITDA
- 22.1
- Earnings yield
- 3.26% inverse of P/E
- Dividend yield
- 0.49% of the holdings
- Return on equity
- 42.5% combined
- Net margin
- 22.4% combined
- Beta
- 1.49 weighted, vs S&P 500
VONG valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| VONG | 30.7 | 23.5 | 6.88 | 13.07 | 0.49% | 42.5% | 22.4% | 2.7% |
| 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.
VONG valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 56.5% | 33.0 | 23.0 | 12.38 | 17.20 | 0.43% | 52.0% |
| Communication Services | 16.1% | 19.8 | 22.1 | 8.30 | 7.15 | 0.24% | 36.1% |
| Consumer Cyclical | 7.4% | 43.8 | 33.3 | 4.27 | 13.21 | 0.58% | 30.1% |
| Industrials | 6.4% | 38.3 | 28.3 | 3.54 | 13.63 | 0.64% | 35.6% |
| Healthcare | 5.3% | 47.6 | 23.4 | 2.05 | 17.10 | 0.61% | 35.9% |
| Financial Services | 4.6% | 31.0 | 21.2 | 9.77 | 10.71 | 0.95% | 34.5% |
| Consumer Defensive | 1.1% | 36.4 | 28.2 | 1.64 | 11.61 | 1.33% | 31.9% |
| Energy | 0.5% | 21.8 | 10.2 | 1.52 | 7.59 | 1.13% | 34.8% |
| Real Estate | 0.4% | 18.5 | 26.7 | 6.78 | 13.79 | 3.95% | 74.6% |
| Basic Materials | 0.2% | 17.2 | 16.6 | 3.50 | 6.94 | 3.11% | 40.4% |
| Utilities | 0.2% | 31.7 | 11.8 | 1.59 | 8.28 | 0.82% | 26.1% |
VONG 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 VONG weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
VONG largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 15.96% | 27.1 | 24.9 | 17.1 | 0.47% | 18.37% |
| AAPL | Apple Inc. | 7.73% | 39.4 | 35.2 | 10.7 | 0.31% | 6.12% |
| GOOGL | Alphabet Inc. | 5.78% | 17.1 | 22.8 | 9.3 | 0.26% | 10.54% |
| MSFT | Microsoft Corporation | 5.48% | 29.5 | 25.1 | 11.8 | 0.74% | 5.80% |
| GOOG | Alphabet Inc. | 4.82% | 16.9 | 21.8 | 9.2 | 0.26% | 8.90% |
| AVGO | Broadcom Inc. | 4.72% | 43.3 | 19.4 | 17.6 | 0.79% | 3.40% |
| META | Meta Platforms, Inc. | 3.71% | 26.7 | 22.1 | 7.9 | 0.30% | 4.33% |
| MU | Micron Technology, Inc. | 3.49% | 11.8 | 7.0 | 7.5 | 0.07% | 9.20% |
| TSLA | Tesla, Inc. | 3.18% | 328.4 | 158.7 | 13.5 | — | 0.30% |
| AMD | Advanced Micro Devices, Inc. | 2.85% | 134.9 | 39.5 | 20.9 | — | 0.66% |
| LLY | Eli Lilly and Company | 2.59% | 42.2 | 24.4 | 14.1 | 0.55% | 1.91% |
| V | Visa Inc. | 1.78% | 34.3 | 24.0 | 17.0 | 0.67% | 1.62% |
| MA | Mastercard Incorporated | 1.36% | 34.0 | 24.2 | 15.4 | 0.56% | 1.25% |
| LRCX | Lam Research Corporation | 1.19% | 45.8 | 33.7 | 14.2 | 0.50% | 0.81% |
| PLTR | Palantir Technologies Inc. | 1.16% | 160.4 | 85.5 | 72.6 | — | 0.23% |
| AMAT | Applied Materials, Inc. | 1.15% | 35.3 | 23.4 | 10.5 | 0.52% | 1.02% |
| CAT | Caterpillar Inc. | 1.11% | 31.5 | 25.4 | 4.5 | 0.89% | 1.10% |
| GCP | General Electric Company | 0.95% | — | — | — | — | — |
| PANW | Palo Alto Networks, Inc. | 0.92% | 855.0 | 94.3 | 24.4 | — | 0.03% |
| NFLX | Netflix, Inc. | 0.88% | 22.2 | 18.7 | 6.1 | — | 1.24% |
| TXN | Texas Instruments Incorporated | 0.78% | 42.1 | 27.5 | 13.0 | 2.20% | 0.58% |
| KLAC | KLA Corporation | 0.75% | 45.3 | 34.8 | 15.9 | 0.56% | 0.51% |
| CRWD | CrowdStrike Holdings, Inc. | 0.74% | — | 208.3 | 43.1 | — | 0.01% |
| SNDK | Sandisk Corporation | 0.74% | 17.6 | 8.0 | 9.3 | — | 1.32% |
| GEV | GE Vernova Inc. | 0.74% | 26.4 | 38.8 | 5.9 | 0.22% | 0.87% |
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 VONG valuation
Adding up its 361 holdings with company data, VONG trades at 30.7 times trailing earnings and 23.5 times analysts' forward estimates, with a price-to-book ratio of 13.07 and a dividend yield of 0.49%. Its earnings yield of 3.26% is 2.07 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 57.7% of the fund and earn 67.6% of its combined profit. By sector, Healthcare is the most expensive at 47.6 times earnings and Basic Materials the cheapest at 17.2. Companies that lost money over the past year are 2.7% 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 98.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: VONG chart, VONG performance, VONG holdings, VONG dividends.
VONG valuation FAQ
What is the P/E ratio of VONG?
Based on its holdings, VONG has a trailing P/E of 30.7 and a forward P/E of 23.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of VONG?
The trailing earnings yield is 3.26% (1 ÷ P/E) and the forward earnings yield 4.26%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is VONG more expensive than the S&P 500?
VONG trades at 30.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 23.5 and 19.9.
What is the price-to-book ratio of VONG?
The holdings of VONG trade at 13.07 times book value, with a combined return on equity of 42.5%.
Which sector in VONG has the highest P/E?
Healthcare has the highest P/E at 47.6 and Basic Materials the lowest at 17.2.