Vanguard Wellington U.S. Growth Active ETF (VUSG) Valuation
VUSG valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 31.4 trailing earnings
- Forward P/E
- 22.3 analyst estimates
- Price / sales
- 5.30
- Price / book
- 10.08
- EV / EBITDA
- 22.0
- Earnings yield
- 3.19% inverse of P/E
- Dividend yield
- 0.38% of the holdings
- Return on equity
- 32.1% combined
- Net margin
- 16.9% combined
- Beta
- 1.53 weighted, vs S&P 500
VUSG valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| VUSG | 31.4 | 22.3 | 5.30 | 10.08 | 0.38% | 32.1% | 16.9% | 5.6% |
| 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% |
| 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.
VUSG valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 53.5% | 29.2 | 19.1 | 4.45 | 12.88 | 0.39% | 44.1% |
| Communication Services | 14.7% | 18.1 | 22.6 | 9.00 | 7.00 | 0.26% | 38.6% |
| Consumer Cyclical | 9.2% | 48.0 | 34.5 | 2.94 | 7.63 | 0.00% | 15.9% |
| Healthcare | 9.1% | 89.0 | 31.0 | 15.66 | 17.03 | 0.27% | 19.1% |
| Industrials | 4.7% | 124.3 | 48.8 | 7.21 | 9.00 | 0.04% | 7.2% |
| Financial Services | 4.3% | 37.6 | 18.7 | 17.99 | 6.99 | 1.57% | 18.6% |
| Real Estate | 1.9% | 105.3 | 78.1 | 13.26 | 3.57 | 1.45% | 3.4% |
VUSG 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 VUSG weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
VUSG largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 15.07% | 27.1 | 24.9 | 17.1 | 0.47% | 17.92% |
| GOOGL | Alphabet Inc. | 12.25% | 17.1 | 22.8 | 9.3 | 0.26% | 23.06% |
| MU | Micron Technology, Inc. | 6.17% | 11.8 | 7.0 | 7.5 | 0.07% | 16.79% |
| AVGO | Broadcom Inc. | 5.30% | 43.3 | 19.4 | 17.6 | 0.79% | 3.94% |
| LLY | Eli Lilly and Company | 4.56% | 42.2 | 24.4 | 14.1 | 0.55% | 3.48% |
| MSFT | Microsoft Corporation | 4.38% | 29.5 | 25.1 | 11.8 | 0.74% | 4.78% |
| AMD | Advanced Micro Devices, Inc. | 4.10% | 134.9 | 39.5 | 20.9 | — | 0.98% |
| AAPL | Apple Inc. | 4.10% | 39.4 | 35.2 | 10.7 | 0.31% | 3.35% |
| TSM | Taiwan Semiconductor Manufacturing Company Limited | 3.25% | 26.7 | 21.4 | 0.4 | 0.91% | 3.91% |
| MA | Mastercard Incorporated | 3.25% | 34.0 | 24.2 | 15.4 | 0.56% | 3.08% |
| ASML | ASML Holding N.V. | 2.87% | 40.4 | 28.9 | 16.0 | 0.55% | 2.28% |
| META | Meta Platforms, Inc. | 2.16% | 26.7 | 22.1 | 7.9 | 0.30% | 2.61% |
| IWF | iShares Russell 1000 Growth ETF | 2.01% | — | — | — | — | — |
| AMZN | Amazon.com, Inc. | 1.91% | 20.1 | 23.6 | 3.5 | — | 3.05% |
| WELL | Welltower Inc. | 1.88% | 105.3 | 78.1 | 13.3 | 1.45% | 0.57% |
| TSLA | Tesla, Inc. | 1.82% | 328.4 | 158.7 | 13.5 | — | 0.18% |
| NTRA | Natera, Inc. | 1.63% | — | — | 20.9 | — | −0.18% |
| MELI | MercadoLibre, Inc. | 1.58% | 50.5 | 32.8 | 2.6 | — | 1.01% |
| ABNB | Airbnb, Inc. | 1.56% | 39.6 | 25.4 | 7.9 | — | 1.27% |
| AXON | Axon Enterprise, Inc. | 1.55% | 161.9 | 58.1 | 9.8 | — | 0.31% |
| COHR | Coherent, Inc. | 1.52% | 56.5 | 30.5 | 6.4 | — | 0.87% |
| BE | Bloom Energy Corporation | 1.33% | 291.2 | 57.1 | 20.9 | — | 0.15% |
| ARGX | argenx SE | 1.23% | 31.2 | 25.9 | 9.7 | — | 1.26% |
| RVMD | Revolution Medicines, Inc. | 1.16% | — | — | 9,035.1 | — | −1.87% |
| IOT | Samsara Inc. | 1.09% | 282.6 | 52.4 | 12.5 | — | 0.12% |
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 VUSG valuation
Adding up its 40 holdings with company data, VUSG trades at 31.4 times trailing earnings and 22.3 times analysts' forward estimates, with a price-to-book ratio of 10.08 and a dividend yield of 0.38%. Its earnings yield of 3.19% is 2.14 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 62.4% of the fund and earn 81.3% of its combined profit. By sector, Industrials is the most expensive at 124.3 times earnings and Communication Services the cheapest at 18.1. Companies that lost money over the past year are 5.6% 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 97.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: VUSG chart, VUSG holdings, VUSG dividends.
VUSG valuation FAQ
What is the P/E ratio of VUSG?
Based on its holdings, VUSG has a trailing P/E of 31.4 and a forward P/E of 22.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of VUSG?
The trailing earnings yield is 3.19% (1 ÷ P/E) and the forward earnings yield 4.49%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is VUSG more expensive than the S&P 500?
VUSG trades at 31.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 22.3 and 19.9.
What is the price-to-book ratio of VUSG?
The holdings of VUSG trade at 10.08 times book value, with a combined return on equity of 32.1%.
Which sector in VUSG has the highest P/E?
Industrials has the highest P/E at 124.3 and Communication Services the lowest at 18.1.