Vanguard Mid-Cap Growth ETF (VOT) Valuation
VOT valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 49.9 trailing earnings
- Forward P/E
- 26.5 analyst estimates
- Price / sales
- 5.11
- Price / book
- 7.51
- EV / EBITDA
- 23.9
- Earnings yield
- 2.00% inverse of P/E
- Dividend yield
- 0.64% of the holdings
- Return on equity
- 15.0% combined
- Net margin
- 10.2% combined
- Beta
- 1.39 weighted, vs S&P 500
VOT valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| VOT | 49.9 | 26.5 | 5.11 | 7.51 | 0.64% | 15.0% | 10.2% | 13.1% |
| 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.
VOT valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 31.5% | 134.0 | 30.0 | 6.25 | 9.91 | 0.37% | 7.4% |
| Industrials | 24.7% | 44.3 | 29.3 | 5.54 | 9.20 | 0.49% | 20.8% |
| Consumer Cyclical | 12.9% | 26.1 | 19.8 | 3.36 | 11.25 | 0.69% | 43.0% |
| Healthcare | 9.9% | 41.2 | 25.1 | 7.47 | 6.65 | 0.28% | 16.1% |
| Financial Services | 6.9% | 45.1 | 22.2 | 4.51 | 4.13 | 0.80% | 9.2% |
| Real Estate | 4.0% | 45.8 | 39.8 | 6.89 | 2.60 | 3.96% | 5.7% |
| Utilities | 3.1% | 26.2 | 17.4 | 2.92 | 4.31 | 0.62% | 16.4% |
| Communication Services | 2.7% | n/m | 42.9 | 3.86 | 15.59 | 0.09% | −7.5% |
| Energy | 1.7% | 28.1 | 24.1 | 4.16 | 14.68 | 1.54% | 52.2% |
| Basic Materials | 1.5% | 31.4 | 21.5 | 4.61 | 3.36 | 0.74% | 10.7% |
| Consumer Defensive | 0.8% | 46.3 | 25.1 | 3.34 | 6.09 | 1.23% | 13.1% |
VOT 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 VOT weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
VOT largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NET | Cloudflare, Inc. | 2.77% | — | 178.6 | 42.0 | — | −0.25% |
| PWR | Quanta Services, Inc. | 2.34% | 72.4 | 33.0 | 2.9 | 0.07% | 1.62% |
| VRT | Vertiv Holdings Co | 2.21% | 46.7 | 27.8 | 6.9 | 0.12% | 2.37% |
| HWM | Howmet Aerospace Inc. | 2.20% | 47.6 | 36.0 | 9.7 | 0.25% | 2.32% |
| DDOG | Datadog, Inc. | 2.20% | 494.2 | 84.7 | 22.4 | — | 0.22% |
| CEG | Constellation Energy Corporation | 2.08% | 26.5 | 20.7 | 3.1 | 0.63% | 3.93% |
| HOOD | Robinhood Markets, Inc. | 2.03% | 43.6 | 45.0 | 18.0 | — | 2.34% |
| LITE | Lumentum Holdings Inc. | 2.01% | — | 42.9 | 24.8 | — | −11.40% |
| ROST | Ross Stores, Inc. | 1.81% | 28.6 | 27.4 | 3.1 | 0.75% | 3.18% |
| MSI | Motorola Solutions, Inc. | 1.81% | 36.5 | 23.9 | 6.3 | 1.05% | 2.49% |
| BE | Bloom Energy Corporation | 1.80% | 291.2 | 57.1 | 20.9 | — | 0.31% |
| HLT | Hilton Worldwide Holdings Inc. | 1.77% | 50.6 | 28.7 | 15.2 | 0.17% | 1.75% |
| DASH | DoorDash, Inc. | 1.75% | 99.6 | 38.0 | 5.2 | — | 0.88% |
| RCL | Royal Caribbean Cruises Ltd. | 1.55% | 17.1 | 11.4 | 4.0 | 2.16% | 4.54% |
| TER | Teradyne, Inc. | 1.52% | 44.6 | 30.7 | 11.4 | 0.16% | 1.70% |
| MPWR | Monolithic Power Systems, Inc. | 1.49% | 73.7 | 38.8 | 18.2 | 0.66% | 1.01% |
| TRGP | Targa Resources Corp. | 1.42% | 28.2 | 23.2 | 3.8 | 1.70% | 2.52% |
| TDG | TransDigm Group Incorporated | 1.40% | 34.6 | 23.1 | 6.3 | — | 2.03% |
| FIX | Comfort Systems USA, Inc. | 1.38% | 35.4 | 26.0 | 4.5 | 0.25% | 1.95% |
| ALAB | Astera Labs, Inc. | 1.34% | 140.8 | 55.6 | 41.3 | — | 0.48% |
| FAST | Fastenal Company | 1.33% | 41.5 | 37.5 | 6.4 | 2.04% | 1.61% |
| COHR | Coherent, Inc. | 1.33% | 56.5 | 30.5 | 6.4 | — | 1.18% |
| GWW | W.W. Grainger, Inc. | 1.32% | 33.9 | 24.8 | 3.3 | 0.75% | 1.95% |
| FTNT | Fortinet, Inc. | 1.32% | 59.8 | 45.0 | 16.5 | — | 1.11% |
| AME | AMETEK, Inc. | 1.31% | 36.3 | 28.2 | 7.2 | 0.55% | 1.81% |
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 VOT valuation
Adding up its 113 holdings with company data, VOT trades at 49.9 times trailing earnings and 26.5 times analysts' forward estimates, with a price-to-book ratio of 7.51 and a dividend yield of 0.64%. Its earnings yield of 2.00% is 3.32 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 21.5% of the fund and earn 6.8% of its combined profit. By sector, Technology is the most expensive at 134.0 times earnings and Consumer Cyclical the cheapest at 26.1. Companies that lost money over the past year are 13.1% 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 99.2% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: VOT chart, VOT performance, VOT holdings, VOT dividends.
VOT valuation FAQ
What is the P/E ratio of VOT?
Based on its holdings, VOT has a trailing P/E of 49.9 and a forward P/E of 26.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of VOT?
The trailing earnings yield is 2.00% (1 ÷ P/E) and the forward earnings yield 3.77%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is VOT more expensive than the S&P 500?
VOT trades at 49.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 26.5 and 19.9.
What is the price-to-book ratio of VOT?
The holdings of VOT trade at 7.51 times book value, with a combined return on equity of 15.0%.
Which sector in VOT has the highest P/E?
Technology has the highest P/E at 134.0 and Consumer Cyclical the lowest at 26.1.