Vanguard Russell 3000 ETF (VTHR) Valuation

NASDAQ: VTHRP/E, earnings yield and other ratios of the holdings combined.

VTHR valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 28.2
Forward P/E: 19.4
Price / sales: 3.31
Price / book: 5.00
EV / EBITDA: 16.7
Earnings yield: 3.55%
Dividend yield: 1.07%
Return on equity: 17.7%
Net margin: 11.7%
Beta: 1.18

VTHR valuation vs other stock ETFs

P/E (TTM)Forward P/E

VTHR valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
VTHR	28.2	19.4	3.31	5.00	1.07%	17.7%	11.7%	4.5%
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.

VTHR valuation by sector

P/E (TTM)Forward P/E

VTHR valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	37.6%	35.8	23.0	8.18	11.68	0.51%	32.7%
Financial Services	11.7%	16.8	14.0	3.04	2.22	1.58%	13.2%
Healthcare	9.9%	51.2	17.5	1.90	5.14	1.32%	10.0%
Communication Services	9.2%	19.1	19.0	4.69	4.85	0.69%	25.5%
Consumer Cyclical	8.7%	28.1	21.6	2.14	5.58	0.75%	19.9%
Industrials	8.0%	33.1	21.4	2.34	5.51	1.06%	16.6%
Consumer Defensive	4.2%	30.0	20.6	1.48	6.05	2.28%	20.2%
Energy	3.5%	19.9	12.8	1.77	2.43	2.24%	12.2%
Real Estate	2.1%	37.1	27.7	4.68	2.48	3.92%	6.7%
Basic Materials	1.9%	30.4	16.2	2.29	3.36	1.61%	11.0%
Utilities	1.9%	20.5	15.4	2.68	2.06	3.00%	10.1%
Information Technology	0.0%	n/m	45.0	20.20	2.74	0.00%	−2.7%
Services	0.0%	14.2	15.3	1.60	2.99	2.71%	21.0%
Financials	0.0%	16.2	—	4.22	1.27	1.94%	7.8%

VTHR earnings yield vs bond yields

VTHR earnings yield (forward)

5.16%

VTHR earnings yield (trailing)

3.55%

VTHR dividend yield

1.07%

Bond market yield (AGG)

5.33%

T-bill yield (BIL)

3.91%

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 VTHR weight splits by P/E

Share of the covered weight in companies with a trailing P/E in each range.

VTHR largest holdings: valuation

VTHR largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
NVDA	NVIDIA Corporation	6.92%	27.1	24.9	17.1	0.47%	7.34%
AAPL	Apple Inc.	6.81%	39.4	35.2	10.7	0.31%	4.97%
MSFT	Microsoft Corporation	5.26%	29.5	25.1	11.8	0.74%	5.13%
AMZN	Amazon.com, Inc.	3.26%	20.1	23.6	3.5	—	4.65%
GOOGL	Alphabet Inc.	2.74%	17.1	22.8	9.3	0.26%	4.61%
AVGO	Broadcom Inc.	2.30%	43.3	19.4	17.6	0.79%	1.52%
META	Meta Platforms, Inc.	2.18%	26.7	22.1	7.9	0.30%	2.34%
GOOG	Alphabet Inc.	2.09%	16.9	21.8	9.2	0.26%	3.55%
MU	Micron Technology, Inc.	1.63%	11.8	7.0	7.5	0.07%	3.96%
TSLA	Tesla, Inc.	1.39%	328.4	158.7	13.5	—	0.12%
AMD	Advanced Micro Devices, Inc.	1.35%	134.9	39.5	20.9	—	0.29%
BRK.B	Berkshire Hathaway Inc.	1.31%	13.4	22.7	3.0	—	2.82%
LLY	Eli Lilly and Company	1.25%	42.2	24.4	14.1	0.55%	0.85%
JPM	JPMorgan Chase & Co.	1.22%	14.2	13.5	4.7	1.94%	2.45%
XOM	Exxon Mobil Corporation	0.92%	23.0	14.8	2.0	2.30%	1.14%
JNJ	Johnson & Johnson	0.87%	38.8	21.0	6.2	2.10%	0.64%
V	Visa Inc.	0.84%	34.3	24.0	17.0	0.67%	0.70%
INTC	Intel Corporation	0.76%	—	63.3	8.3	—	−0.52%
ABBV	AbbVie Inc.	0.65%	80.6	16.4	7.8	2.42%	0.23%
WMT	Walmart Inc.	0.64%	43.0	38.0	1.3	0.83%	0.43%
MA	Mastercard Incorporated	0.63%	34.0	24.2	15.4	0.56%	0.53%
LRCX	Lam Research Corporation	0.58%	45.8	33.7	14.2	0.50%	0.36%
PLTR	Palantir Technologies Inc.	0.57%	160.4	85.5	72.6	—	0.10%
COST	Costco Wholesale Corporation	0.57%	47.6	40.3	1.4	0.59%	0.35%
CSCO	Cisco Systems, Inc.	0.57%	32.2	19.8	6.7	1.56%	0.51%

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 VTHR valuation

Adding up its 2,694 holdings with company data, VTHR trades at 28.2 times trailing earnings and 19.4 times analysts' forward estimates, with a price-to-book ratio of 5.00 and a dividend yield of 1.07%. Its earnings yield of 3.55% is 1.78 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 34.6% of the fund and earn 38.2% of its combined profit. By sector, Healthcare is the most expensive at 51.2 times earnings and Services the cheapest at 14.2. Companies that lost money over the past year are 4.5% 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 98.7% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

VTHR valuation FAQ

What is the P/E ratio of VTHR?

Based on its holdings, VTHR has a trailing P/E of 28.2 and a forward P/E of 19.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of VTHR?

The trailing earnings yield is 3.55% (1 ÷ P/E) and the forward earnings yield 5.16%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is VTHR more expensive than the S&P 500?

VTHR trades at 28.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.4 and 19.9.

What is the price-to-book ratio of VTHR?

The holdings of VTHR trade at 5.00 times book value, with a combined return on equity of 17.7%.

Which sector in VTHR has the highest P/E?

Healthcare has the highest P/E at 51.2 and Services the lowest at 14.2.