Vident Core U.S. Equity Fund (VUSE) Valuation

NYSE Arca: VUSEP/E, earnings yield and other ratios of the holdings combined.

VUSE valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 23.5
Forward P/E: 18.9
Price / sales: 4.39
Price / book: 6.82
EV / EBITDA: 17.1
Earnings yield: 4.25%
Dividend yield: 0.75%
Return on equity: 29.0%
Net margin: 18.7%
Beta: 1.15

VUSE valuation vs other stock ETFs

P/E (TTM)Forward P/E

VUSE valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
VUSE	23.5	18.9	4.39	6.82	0.75%	29.0%	18.7%	0.0%
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.

VUSE valuation by sector

P/E (TTM)Forward P/E

VUSE valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	36.6%	24.6	18.2	6.49	9.56	0.32%	38.9%
Financial Services	13.7%	18.5	17.7	4.52	3.65	0.98%	19.8%
Healthcare	11.0%	30.0	21.2	6.97	8.71	0.99%	29.0%
Consumer Cyclical	9.4%	18.7	16.1	2.36	5.61	0.64%	30.1%
Communication Services	8.9%	21.8	19.1	6.92	7.51	0.26%	34.5%
Industrials	6.7%	30.1	24.7	3.96	9.29	0.95%	30.9%
Consumer Defensive	6.5%	29.4	23.6	2.32	12.89	2.31%	43.9%
Basic Materials	2.8%	21.6	17.3	4.89	7.10	1.27%	32.9%
Energy	2.5%	26.4	18.1	2.55	3.33	1.37%	12.6%
Real Estate	1.1%	21.5	19.1	1.20	3.16	0.99%	14.7%
Utilities	0.9%	24.8	19.3	3.20	2.87	1.53%	11.6%

VUSE earnings yield vs bond yields

VUSE earnings yield (forward)

5.29%

VUSE earnings yield (trailing)

4.25%

VUSE dividend yield

0.75%

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 VUSE weight splits by P/E

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

VUSE largest holdings: valuation

VUSE largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
LLY	Eli Lilly and Company	3.18%	42.2	24.4	14.1	0.55%	1.79%
WMT	Walmart Inc.	2.98%	43.0	38.0	1.3	0.83%	1.64%
GOOGL	Alphabet Inc.	2.94%	17.1	22.8	9.3	0.26%	4.08%
MU	Micron Technology, Inc.	2.89%	11.8	7.0	7.5	0.07%	5.80%
META	Meta Platforms, Inc.	2.88%	26.7	22.1	7.9	0.30%	2.56%
V	Visa Inc.	2.82%	34.3	24.0	17.0	0.67%	1.95%
AAPL	Apple Inc.	2.80%	39.4	35.2	10.7	0.31%	1.68%
NVDA	NVIDIA Corporation	2.68%	27.1	24.9	17.1	0.47%	2.35%
MSFT	Microsoft Corporation	2.56%	29.5	25.1	11.8	0.74%	2.06%
JPM	JPMorgan Chase & Co.	2.37%	14.2	13.5	4.7	1.94%	3.95%
AMZN	Amazon.com, Inc.	2.37%	20.1	23.6	3.5	—	2.79%
JNJ	Johnson & Johnson	2.36%	38.8	21.0	6.2	2.10%	1.45%
AVGO	Broadcom Inc.	2.27%	43.3	19.4	17.6	0.79%	1.24%
BRK.B	Berkshire Hathaway Inc.	1.87%	13.4	22.7	3.0	—	3.32%
FTNT	Fortinet, Inc.	1.43%	59.8	45.0	16.5	—	0.57%
AMD	Advanced Micro Devices, Inc.	1.40%	134.9	39.5	20.9	—	0.25%
XOM	Exxon Mobil Corporation	1.31%	23.0	14.8	2.0	2.30%	1.34%
CRM	Salesforce, Inc.	1.16%	22.0	14.0	4.5	0.73%	1.25%
ISRG	Intuitive Surgical, Inc.	1.14%	48.9	33.3	13.7	—	0.55%
MO	Altria Group, Inc.	1.14%	15.8	11.9	6.1	5.91%	1.71%
PM	Philip Morris International Inc.	1.10%	29.5	20.9	7.5	3.12%	0.89%
TJX	The TJX Companies, Inc.	1.10%	27.3	24.9	2.6	1.30%	0.95%
NEM	Newmont Corporation	1.09%	15.0	11.6	4.8	0.88%	1.73%
MA	Mastercard Incorporated	1.09%	34.0	24.2	15.4	0.56%	0.76%
SPGI	S&P Global Inc.	1.08%	26.1	19.9	7.9	0.90%	0.98%

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 VUSE valuation

Adding up its 121 holdings with company data, VUSE trades at 23.5 times trailing earnings and 18.9 times analysts' forward estimates, with a price-to-book ratio of 6.82 and a dividend yield of 0.75%. Its earnings yield of 4.25% is 1.07 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 28.1% of the fund and earn 27.9% of its combined profit. By sector, Industrials is the most expensive at 30.1 times earnings and Financial Services the cheapest at 18.5. Companies that lost money over the past year are 0.0% 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 99.1% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

VUSE valuation FAQ

What is the P/E ratio of VUSE?

Based on its holdings, VUSE has a trailing P/E of 23.5 and a forward P/E of 18.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of VUSE?

The trailing earnings yield is 4.25% (1 ÷ P/E) and the forward earnings yield 5.29%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is VUSE more expensive than the S&P 500?

VUSE trades at 23.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 18.9 and 19.9.

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

The holdings of VUSE trade at 6.82 times book value, with a combined return on equity of 29.0%.

Which sector in VUSE has the highest P/E?

Industrials has the highest P/E at 30.1 and Financial Services the lowest at 18.5.