Vanguard Total Stock Market ETF (VTI) Valuation
VTI valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 28.2 trailing earnings
- Forward P/E
- 19.4 analyst estimates
- Price / sales
- 3.31
- Price / book
- 5.00
- EV / EBITDA
- 16.7
- Earnings yield
- 3.55% inverse of P/E
- Dividend yield
- 1.07% of the holdings
- Return on equity
- 17.7% combined
- Net margin
- 11.8% combined
- Beta
- 1.18 weighted, vs S&P 500
VTI valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| VTI | 28.2 | 19.4 | 3.31 | 5.00 | 1.07% | 17.7% | 11.8% | 4.6% |
| 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% |
| 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.
VTI valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 37.8% | 35.9 | 23.0 | 8.28 | 11.78 | 0.51% | 32.8% |
| Financial Services | 11.5% | 16.6 | 13.9 | 2.99 | 2.19 | 1.60% | 13.2% |
| Healthcare | 10.0% | 53.5 | 17.5 | 1.94 | 5.18 | 1.30% | 9.7% |
| Communication Services | 9.0% | 18.9 | 18.9 | 4.69 | 4.83 | 0.69% | 25.5% |
| Consumer Cyclical | 8.7% | 28.3 | 21.6 | 2.15 | 5.54 | 0.73% | 19.6% |
| Industrials | 8.3% | 30.5 | 21.3 | 2.33 | 5.47 | 1.06% | 17.9% |
| Consumer Defensive | 4.1% | 30.1 | 20.6 | 1.48 | 5.97 | 2.29% | 19.8% |
| Energy | 3.4% | 20.1 | 12.8 | 1.76 | 2.43 | 2.20% | 12.1% |
| Real Estate | 2.1% | 36.8 | 27.6 | 4.56 | 2.44 | 3.92% | 6.6% |
| Utilities | 1.9% | 19.7 | 15.4 | 2.70 | 2.06 | 2.98% | 10.5% |
| Basic Materials | 1.8% | 33.8 | 16.1 | 2.21 | 3.26 | 1.46% | 9.7% |
| Information Technology | 0.0% | n/m | 45.0 | 20.20 | 2.74 | 0.00% | −2.7% |
| Services | 0.0% | 21.6 | 15.1 | 1.26 | 2.69 | 3.04% | 12.4% |
| Financials | 0.0% | 16.2 | — | 4.22 | 1.27 | 1.94% | 7.8% |
| Banks | 0.0% | n/m | — | 5.49 | 8.70 | 0.00% | −1,602.4% |
VTI 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 VTI weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
VTI largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 7.18% | 27.1 | 24.9 | 17.1 | 0.47% | 7.63% |
| AAPL | Apple Inc. | 6.66% | 39.4 | 35.2 | 10.7 | 0.31% | 4.86% |
| MSFT | Microsoft Corporation | 5.07% | 29.5 | 25.1 | 11.8 | 0.74% | 4.95% |
| AMZN | Amazon.com, Inc. | 3.34% | 20.1 | 23.6 | 3.5 | — | 4.78% |
| GOOGL | Alphabet Inc. | 2.78% | 17.1 | 22.8 | 9.3 | 0.26% | 4.68% |
| AVGO | Broadcom Inc. | 2.22% | 43.3 | 19.4 | 17.6 | 0.79% | 1.47% |
| META | Meta Platforms, Inc. | 2.11% | 26.7 | 22.1 | 7.9 | 0.30% | 2.27% |
| GOOG | Alphabet Inc. | 2.08% | 16.9 | 21.8 | 9.2 | 0.26% | 3.54% |
| MU | Micron Technology, Inc. | 1.60% | 11.8 | 7.0 | 7.5 | 0.07% | 3.88% |
| AMD | Advanced Micro Devices, Inc. | 1.38% | 134.9 | 39.5 | 20.9 | — | 0.30% |
| TSLA | Tesla, Inc. | 1.37% | 328.4 | 158.7 | 13.5 | — | 0.12% |
| LLY | Eli Lilly and Company | 1.36% | 42.2 | 24.4 | 14.1 | 0.55% | 0.93% |
| BRK.B | Berkshire Hathaway Inc. | 1.23% | 13.4 | 22.7 | 3.0 | — | 2.64% |
| JPM | JPMorgan Chase & Co. | 1.15% | 14.2 | 13.5 | 4.7 | 1.94% | 2.32% |
| XOM | Exxon Mobil Corporation | 0.90% | 23.0 | 14.8 | 2.0 | 2.30% | 1.13% |
| JNJ | Johnson & Johnson | 0.88% | 38.8 | 21.0 | 6.2 | 2.10% | 0.65% |
| V | Visa Inc. | 0.84% | 34.3 | 24.0 | 17.0 | 0.67% | 0.71% |
| INTC | Intel Corporation | 0.71% | — | 63.3 | 8.3 | — | −0.48% |
| ABBV | AbbVie Inc. | 0.63% | 80.6 | 16.4 | 7.8 | 2.42% | 0.22% |
| WMT | Walmart Inc. | 0.62% | 43.0 | 38.0 | 1.3 | 0.83% | 0.41% |
| PLTR | Palantir Technologies Inc. | 0.58% | 160.4 | 85.5 | 72.6 | — | 0.10% |
| LRCX | Lam Research Corporation | 0.58% | 45.8 | 33.7 | 14.2 | 0.50% | 0.36% |
| MA | Mastercard Incorporated | 0.57% | 34.0 | 24.2 | 15.4 | 0.56% | 0.48% |
| AMAT | Applied Materials, Inc. | 0.57% | 35.3 | 23.4 | 10.5 | 0.52% | 0.46% |
| COST | Costco Wholesale Corporation | 0.54% | 47.6 | 40.3 | 1.4 | 0.59% | 0.33% |
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 VTI valuation
Adding up its 2,724 holdings with company data, VTI 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 34.4% of the fund and earn 38.4% of its combined profit. By sector, Healthcare is the most expensive at 53.5 times earnings and Financials the cheapest at 16.2. Companies that lost money over the past year are 4.6% 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.
Related: VTI chart, VTI performance, VTI holdings, VTI dividends.
VTI valuation FAQ
What is the P/E ratio of VTI?
Based on its holdings, VTI 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 VTI?
The trailing earnings yield is 3.55% (1 ÷ P/E) and the forward earnings yield 5.15%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is VTI more expensive than the S&P 500?
VTI 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 VTI?
The holdings of VTI trade at 5.00 times book value, with a combined return on equity of 17.7%.
Which sector in VTI has the highest P/E?
Healthcare has the highest P/E at 53.5 and Financials the lowest at 16.2.