Vanguard Growth ETF (VUG) Valuation
VUG valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 33.9 trailing earnings
- Forward P/E
- 27.3 analyst estimates
- Price / sales
- 8.66
- Price / book
- 12.07
- EV / EBITDA
- 22.6
- Earnings yield
- 2.95% inverse of P/E
- Dividend yield
- 0.42% of the holdings
- Return on equity
- 35.6% combined
- Net margin
- 25.5% combined
- Beta
- 1.43 weighted, vs S&P 500
VUG valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| VUG | 33.9 | 27.3 | 8.66 | 12.07 | 0.42% | 35.6% | 25.5% | 3.7% |
| 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.
VUG valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 57.9% | 39.8 | 28.2 | 12.00 | 15.79 | 0.43% | 39.7% |
| Communication Services | 14.7% | 20.0 | 22.2 | 8.34 | 7.23 | 0.25% | 36.2% |
| Consumer Cyclical | 10.0% | 30.4 | 29.3 | 4.57 | 8.52 | 0.33% | 28.1% |
| Healthcare | 4.2% | 42.4 | 25.7 | 11.94 | 14.23 | 0.35% | 33.6% |
| Industrials | 4.0% | 47.9 | 36.6 | 4.97 | 14.85 | 0.32% | 31.0% |
| Financial Services | 3.9% | 35.6 | 24.1 | 11.63 | 16.79 | 0.83% | 47.2% |
| Consumer Defensive | 1.3% | 46.8 | 39.2 | 1.65 | 11.48 | 0.51% | 24.5% |
| Real Estate | 0.9% | 74.9 | 60.7 | 10.61 | 4.46 | 1.81% | 6.0% |
| Basic Materials | 0.4% | 35.0 | 25.6 | 4.66 | 4.99 | 0.90% | 14.2% |
| Energy | 0.3% | 25.1 | 23.5 | 4.05 | 11.80 | 1.44% | 47.1% |
VUG 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 VUG weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
VUG largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 12.81% | 27.1 | 24.9 | 17.1 | 0.47% | 16.49% |
| AAPL | Apple Inc. | 11.94% | 39.4 | 35.2 | 10.7 | 0.31% | 10.57% |
| MSFT | Microsoft Corporation | 9.27% | 29.5 | 25.1 | 11.8 | 0.74% | 10.96% |
| GOOGL | Alphabet Inc. | 5.18% | 17.1 | 22.8 | 9.3 | 0.26% | 10.57% |
| AVGO | Broadcom Inc. | 4.46% | 43.3 | 19.4 | 17.6 | 0.79% | 3.59% |
| AMZN | Amazon.com, Inc. | 4.25% | 20.1 | 23.6 | 3.5 | — | 7.36% |
| META | Meta Platforms, Inc. | 4.16% | 26.7 | 22.1 | 7.9 | 0.30% | 5.42% |
| GOOG | Alphabet Inc. | 3.92% | 16.9 | 21.8 | 9.2 | 0.26% | 8.08% |
| AMD | Advanced Micro Devices, Inc. | 2.67% | 134.9 | 39.5 | 20.9 | — | 0.69% |
| TSLA | Tesla, Inc. | 2.66% | 328.4 | 158.7 | 13.5 | — | 0.28% |
| LLY | Eli Lilly and Company | 2.54% | 42.2 | 24.4 | 14.1 | 0.55% | 2.10% |
| V | Visa Inc. | 1.56% | 34.3 | 24.0 | 17.0 | 0.67% | 1.59% |
| INTC | Intel Corporation | 1.51% | — | 63.3 | 8.3 | — | −1.24% |
| MA | Mastercard Incorporated | 1.12% | 34.0 | 24.2 | 15.4 | 0.56% | 1.15% |
| COST | Costco Wholesale Corporation | 1.07% | 47.6 | 40.3 | 1.4 | 0.59% | 0.78% |
| PLTR | Palantir Technologies Inc. | 1.07% | 160.4 | 85.5 | 72.6 | — | 0.23% |
| AMAT | Applied Materials, Inc. | 1.06% | 35.3 | 23.4 | 10.5 | 0.52% | 1.05% |
| LRCX | Lam Research Corporation | 1.05% | 45.8 | 33.7 | 14.2 | 0.50% | 0.80% |
| PANW | Palo Alto Networks, Inc. | 0.90% | 855.0 | 94.3 | 24.4 | — | 0.04% |
| NFLX | Netflix, Inc. | 0.77% | 22.2 | 18.7 | 6.1 | — | 1.21% |
| GEV | GE Vernova Inc. | 0.70% | 26.4 | 38.8 | 5.9 | 0.22% | 0.92% |
| CRWD | CrowdStrike Holdings, Inc. | 0.70% | — | 208.3 | 43.1 | — | 0.01% |
| KLAC | KLA Corporation | 0.68% | 45.3 | 34.8 | 15.9 | 0.56% | 0.53% |
| SNDK | Sandisk Corporation | 0.68% | 17.6 | 8.0 | 9.3 | — | 1.34% |
| ORCL | Oracle Corporation | 0.64% | 20.1 | 17.8 | 5.4 | 1.56% | 1.10% |
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 VUG valuation
Adding up its 131 holdings with company data, VUG trades at 33.9 times trailing earnings and 27.3 times analysts' forward estimates, with a price-to-book ratio of 12.07 and a dividend yield of 0.42%. Its earnings yield of 2.95% is 2.38 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 61.3% of the fund and earn 74.0% of its combined profit. By sector, Real Estate is the most expensive at 74.9 times earnings and Communication Services the cheapest at 20.0. Companies that lost money over the past year are 3.7% 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 99.5% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: VUG chart, VUG performance, VUG holdings, VUG dividends.
VUG valuation FAQ
What is the P/E ratio of VUG?
Based on its holdings, VUG has a trailing P/E of 33.9 and a forward P/E of 27.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of VUG?
The trailing earnings yield is 2.95% (1 ÷ P/E) and the forward earnings yield 3.66%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is VUG more expensive than the S&P 500?
VUG trades at 33.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 27.3 and 19.9.
What is the price-to-book ratio of VUG?
The holdings of VUG trade at 12.07 times book value, with a combined return on equity of 35.6%.
Which sector in VUG has the highest P/E?
Real Estate has the highest P/E at 74.9 and Communication Services the lowest at 20.0.