Vanguard Russell 1000 Value ETF (VONV) Valuation
VONV valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 23.9 trailing earnings
- Forward P/E
- 17.0 analyst estimates
- Price / sales
- 2.43
- Price / book
- 3.38
- EV / EBITDA
- 13.9
- Earnings yield
- 4.19% inverse of P/E
- Dividend yield
- 1.60% of the holdings
- Return on equity
- 14.1% combined
- Net margin
- 10.2% combined
- Beta
- 0.90 weighted, vs S&P 500
VONV valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| VONV | 23.9 | 17.0 | 2.43 | 3.38 | 1.60% | 14.1% | 10.2% | 4.4% |
| 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.
VONV valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 21.8% | 40.2 | 22.8 | 4.93 | 6.99 | 0.73% | 17.4% |
| Financial Services | 18.0% | 14.2 | 13.1 | 2.82 | 1.94 | 1.70% | 13.6% |
| Healthcare | 13.3% | 38.0 | 16.2 | 1.83 | 4.16 | 1.71% | 10.9% |
| Consumer Cyclical | 10.3% | 21.9 | 18.3 | 1.84 | 4.36 | 0.82% | 19.9% |
| Industrials | 9.3% | 26.3 | 19.0 | 2.16 | 4.40 | 1.34% | 16.7% |
| Consumer Defensive | 7.2% | 28.8 | 20.0 | 1.55 | 6.04 | 2.47% | 21.0% |
| Energy | 6.1% | 19.6 | 13.1 | 1.91 | 2.42 | 2.31% | 12.4% |
| Communication Services | 3.4% | 14.6 | 11.4 | 1.64 | 2.00 | 2.83% | 13.8% |
| Real Estate | 3.4% | 35.4 | 29.5 | 5.43 | 2.53 | 3.67% | 7.1% |
| Utilities | 3.4% | 19.9 | 15.6 | 2.88 | 2.00 | 3.13% | 10.1% |
| Basic Materials | 3.2% | 27.0 | 16.5 | 2.52 | 3.38 | 1.54% | 12.5% |
VONV 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 VONV weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
VONV largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AMZN | Amazon.com, Inc. | 6.07% | 20.1 | 23.6 | 3.5 | — | 7.30% |
| AAPL | Apple Inc. | 5.90% | 39.4 | 35.2 | 10.7 | 0.31% | 3.63% |
| MSFT | Microsoft Corporation | 5.34% | 29.5 | 25.1 | 11.8 | 0.74% | 4.38% |
| BRK.B | Berkshire Hathaway Inc. | 2.58% | 13.4 | 22.7 | 3.0 | — | 4.67% |
| JPM | JPMorgan Chase & Co. | 2.54% | 14.2 | 13.5 | 4.7 | 1.94% | 4.32% |
| XOM | Exxon Mobil Corporation | 1.92% | 23.0 | 14.8 | 2.0 | 2.30% | 2.02% |
| JNJ | Johnson & Johnson | 1.80% | 38.8 | 21.0 | 6.2 | 2.10% | 1.12% |
| INTC | Intel Corporation | 1.58% | — | 63.3 | 8.3 | — | −0.90% |
| CSCO | Cisco Systems, Inc. | 1.19% | 32.2 | 19.8 | 6.7 | 1.56% | 0.89% |
| ABBV | AbbVie Inc. | 1.11% | 80.6 | 16.4 | 7.8 | 2.42% | 0.33% |
| WMT | Walmart Inc. | 1.11% | 43.0 | 38.0 | 1.3 | 0.83% | 0.62% |
| CVX | Chevron Corporation | 1.03% | 21.2 | 15.2 | 2.1 | 3.16% | 1.18% |
| MRK | Merck & Co., Inc. | 1.03% | 115.8 | 15.3 | 5.4 | 2.33% | 0.22% |
| PG | The Procter & Gamble Company | 0.95% | 24.1 | 21.2 | 4.3 | 2.73% | 0.95% |
| BAC | Bank of America Corporation | 0.91% | 12.2 | 10.8 | 3.1 | 2.50% | 1.80% |
| UNH | UnitedHealth Group Incorporated | 0.87% | 25.8 | 16.6 | 0.8 | 2.31% | 0.82% |
| PM | Philip Morris International Inc. | 0.85% | 29.5 | 20.9 | 7.5 | 3.12% | 0.70% |
| KO | The Coca-Cola Company | 0.82% | 28.2 | 25.3 | 8.1 | 2.26% | 0.71% |
| META | Meta Platforms, Inc. | 0.81% | 26.7 | 22.1 | 7.9 | 0.30% | 0.73% |
| RTX | RTX Corporation | 0.70% | 34.1 | 24.6 | 2.8 | 1.51% | 0.50% |
| GS | The Goldman Sachs Group, Inc. | 0.67% | 12.7 | 12.8 | 3.6 | 2.27% | 1.29% |
| WFC | Wells Fargo & Company | 0.67% | 11.8 | 10.2 | 3.0 | 2.38% | 1.36% |
| TMO | Thermo Fisher Scientific Inc. | 0.67% | 37.1 | 24.2 | 5.5 | 0.27% | 0.43% |
| COST | Costco Wholesale Corporation | 0.64% | 47.6 | 40.3 | 1.4 | 0.59% | 0.33% |
| MS | Morgan Stanley | 0.60% | 14.3 | 14.9 | 3.6 | 2.55% | 1.02% |
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 VONV valuation
Adding up its 842 holdings with company data, VONV trades at 23.9 times trailing earnings and 17.0 times analysts' forward estimates, with a price-to-book ratio of 3.38 and a dividend yield of 1.60%. Its earnings yield of 4.19% is 1.14 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 30.0% of the fund and earn 27.8% of its combined profit. By sector, Technology is the most expensive at 40.2 times earnings and Financial Services the cheapest at 14.2. Companies that lost money over the past year are 4.4% 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 99.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: VONV chart, VONV performance, VONV holdings, VONV dividends.
VONV valuation FAQ
What is the P/E ratio of VONV?
Based on its holdings, VONV has a trailing P/E of 23.9 and a forward P/E of 17.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of VONV?
The trailing earnings yield is 4.19% (1 ÷ P/E) and the forward earnings yield 5.88%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is VONV more expensive than the S&P 500?
VONV trades at 23.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 17.0 and 19.9.
What is the price-to-book ratio of VONV?
The holdings of VONV trade at 3.38 times book value, with a combined return on equity of 14.1%.
Which sector in VONV has the highest P/E?
Technology has the highest P/E at 40.2 and Financial Services the lowest at 14.2.