Vanguard S&P 500 Value ETF (VOOV) Valuation
VOOV valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 24.4 trailing earnings
- Forward P/E
- 17.3 analyst estimates
- Price / sales
- 2.27
- Price / book
- 3.74
- EV / EBITDA
- 14.8
- Earnings yield
- 4.09% inverse of P/E
- Dividend yield
- 1.73% of the holdings
- Return on equity
- 15.3% combined
- Net margin
- 9.3% combined
- Beta
- 0.92 weighted, vs S&P 500
VOOV valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| VOOV | 24.4 | 17.3 | 2.27 | 3.74 | 1.73% | 15.3% | 9.3% | 3.9% |
| 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.
VOOV valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 23.0% | 35.7 | 24.5 | 5.56 | 8.59 | 0.72% | 24.1% |
| Financial Services | 14.8% | 14.9 | 12.5 | 3.05 | 2.13 | 1.99% | 14.3% |
| Healthcare | 13.2% | 36.1 | 15.8 | 1.24 | 3.86 | 1.76% | 10.7% |
| Consumer Cyclical | 9.8% | 27.1 | 20.7 | 1.94 | 5.35 | 1.12% | 19.7% |
| Industrials | 9.4% | 25.0 | 19.3 | 2.33 | 5.30 | 1.48% | 21.2% |
| Consumer Defensive | 8.6% | 28.7 | 21.1 | 1.52 | 6.29 | 2.38% | 21.9% |
| Energy | 7.6% | 19.8 | 12.9 | 1.87 | 2.53 | 2.29% | 12.7% |
| Utilities | 3.9% | 18.6 | 15.5 | 2.84 | 1.97 | 3.23% | 10.6% |
| Basic Materials | 3.1% | 30.1 | 18.2 | 2.66 | 3.62 | 1.69% | 12.0% |
| Real Estate | 3.1% | 31.9 | 28.8 | 5.65 | 2.98 | 3.68% | 9.3% |
| Communication Services | 3.0% | 11.9 | 9.6 | 1.26 | 1.67 | 3.85% | 14.1% |
VOOV 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 VOOV weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
VOOV largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 8.70% | 39.4 | 35.2 | 10.7 | 0.31% | 5.46% |
| AMZN | Amazon.com, Inc. | 3.80% | 20.1 | 23.6 | 3.5 | — | 4.67% |
| XOM | Exxon Mobil Corporation | 2.40% | 23.0 | 14.8 | 2.0 | 2.30% | 2.58% |
| INTC | Intel Corporation | 1.96% | — | 63.3 | 8.3 | — | −1.15% |
| WMT | Walmart Inc. | 1.61% | 43.0 | 38.0 | 1.3 | 0.83% | 0.92% |
| COST | Costco Wholesale Corporation | 1.41% | 47.6 | 40.3 | 1.4 | 0.59% | 0.73% |
| CVX | Chevron Corporation | 1.36% | 21.2 | 15.2 | 2.1 | 3.16% | 1.59% |
| TSLA | Tesla, Inc. | 1.30% | 328.4 | 158.7 | 13.5 | — | 0.10% |
| BAC | Bank of America Corporation | 1.27% | 12.2 | 10.8 | 3.1 | 2.50% | 2.57% |
| MRK | Merck & Co., Inc. | 1.23% | 115.8 | 15.3 | 5.4 | 2.33% | 0.26% |
| PG | The Procter & Gamble Company | 1.21% | 24.1 | 21.2 | 4.3 | 2.73% | 1.24% |
| UNH | UnitedHealth Group Incorporated | 1.12% | 25.8 | 16.6 | 0.8 | 2.31% | 1.07% |
| HD | The Home Depot, Inc. | 1.00% | 21.5 | 19.8 | 1.8 | 3.01% | 1.15% |
| JPM | JPMorgan Chase & Co. | 0.96% | 14.2 | 13.5 | 4.7 | 1.94% | 1.67% |
| V | Visa Inc. | 0.94% | 34.3 | 24.0 | 17.0 | 0.67% | 0.68% |
| JNJ | Johnson & Johnson | 0.91% | 38.8 | 21.0 | 6.2 | 2.10% | 0.58% |
| TXN | Texas Instruments Incorporated | 0.87% | 42.1 | 27.5 | 13.0 | 2.20% | 0.51% |
| ABBV | AbbVie Inc. | 0.86% | 80.6 | 16.4 | 7.8 | 2.42% | 0.26% |
| TMO | Thermo Fisher Scientific Inc. | 0.86% | 37.1 | 24.2 | 5.5 | 0.27% | 0.57% |
| WFC | Wells Fargo & Company | 0.82% | 11.8 | 10.2 | 3.0 | 2.38% | 1.71% |
| LIN | Linde plc | 0.79% | 32.2 | 23.6 | 6.5 | 1.28% | 0.60% |
| C | Citigroup Inc. | 0.77% | 12.1 | 10.2 | 2.5 | 2.16% | 1.57% |
| CSCO | Cisco Systems, Inc. | 0.70% | 32.2 | 19.8 | 6.7 | 1.56% | 0.54% |
| VZ | Verizon Communications Inc. | 0.67% | 11.7 | 8.7 | 1.3 | 6.32% | 1.42% |
| KO | The Coca-Cola Company | 0.67% | 28.2 | 25.3 | 8.1 | 2.26% | 0.59% |
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 VOOV valuation
Adding up its 428 holdings with company data, VOOV trades at 24.4 times trailing earnings and 17.3 times analysts' forward estimates, with a price-to-book ratio of 3.74 and a dividend yield of 1.73%. Its earnings yield of 4.09% is 1.23 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 25.0% of the fund and earn 17.7% of its combined profit. By sector, Healthcare is the most expensive at 36.1 times earnings and Communication Services the cheapest at 11.9. Companies that lost money over the past year are 3.9% 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 98.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: VOOV chart, VOOV performance, VOOV holdings, VOOV dividends.
VOOV valuation FAQ
What is the P/E ratio of VOOV?
Based on its holdings, VOOV has a trailing P/E of 24.4 and a forward P/E of 17.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of VOOV?
The trailing earnings yield is 4.09% (1 ÷ P/E) and the forward earnings yield 5.77%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is VOOV more expensive than the S&P 500?
VOOV trades at 24.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 17.3 and 19.9.
What is the price-to-book ratio of VOOV?
The holdings of VOOV trade at 3.74 times book value, with a combined return on equity of 15.3%.
Which sector in VOOV has the highest P/E?
Healthcare has the highest P/E at 36.1 and Communication Services the lowest at 11.9.