Current PE ratios on Vanguard ETFs?

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SemiRetire
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Current PE ratios on Vanguard ETFs?

Post by SemiRetire » Fri Jun 26, 2020 6:19 pm

I was looking for current Price to Earnings ratios on the following Vanguard Funds:

VWO emerging
VPL Australiasia
VGK Europe
VBR US small cap



VTI US Total stock market basically = SP500 PE I believe?

VNQ US REIT is more of an FFO issue not a PE issue as I understand it, so a bit more complex valuation wise.

Thanks

dcabler
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Re: Current PE ratios on Vanguard ETFs?

Post by dcabler » Fri Jun 26, 2020 7:42 pm

etf.com

Topic Author
SemiRetire
Posts: 57
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Re: Current PE ratios on Vanguard ETFs?

Post by SemiRetire » Fri Jun 26, 2020 10:28 pm

dcabler wrote:
Fri Jun 26, 2020 7:42 pm
etf.com
Thanks


VPL 14.6

VBR 31.5


VGK 18.6

VWO 13.25

rascott
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Re: Current PE ratios on Vanguard ETFs?

Post by rascott » Fri Jun 26, 2020 10:37 pm

Buying cheap stocks hasn't worked for 15+ years.

Not really clear why it will work in the next few decades either.

billfromct
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Re: Current PE ratios on Vanguard ETFs?

Post by billfromct » Fri Jun 26, 2020 10:43 pm

Just go to the Vanguard mutual fund equivalent & under the mutual fund designation, "Portfolio and Management", the fund PE is listed under "Equity Characteristics". You can do this by going to the Vanguard ETF listings, click on the ETF you want to check out & under the ETF name it will say, "Also available as an Admiral Shares mutual fund". Click on "Admiral Shares" & that will bring you to the mutual fund equivalent.

BTW, VBR is the Vanguard Small Cap Value ETF, & the mutual fund equivalent is VSIAX.

bill

YRT70
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Re: Current PE ratios on Vanguard ETFs?

Post by YRT70 » Sat Jun 27, 2020 2:03 am

SemiRetire wrote:
Fri Jun 26, 2020 10:28 pm
dcabler wrote:
Fri Jun 26, 2020 7:42 pm
etf.com
Thanks

VBR 31.5
That does not seem right.

https://www.morningstar.com/etfs/arcx/vbr/portfolio

dcabler
Posts: 1400
Joined: Wed Feb 19, 2014 11:30 am

Re: Current PE ratios on Vanguard ETFs?

Post by dcabler » Sat Jun 27, 2020 6:36 am

YRT70 wrote:
Sat Jun 27, 2020 2:03 am
SemiRetire wrote:
Fri Jun 26, 2020 10:28 pm
dcabler wrote:
Fri Jun 26, 2020 7:42 pm
etf.com
Thanks

VBR 31.5
That does not seem right.

https://www.morningstar.com/etfs/arcx/vbr/portfolio
Methodology differences that can make a big difference to the final number.
viewtopic.php?t=199804
https://www.bogleheads.org/wiki/P/E

YRT70
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Re: Current PE ratios on Vanguard ETFs?

Post by YRT70 » Sat Jun 27, 2020 7:53 pm

dcabler wrote:
Sat Jun 27, 2020 6:36 am
YRT70 wrote:
Sat Jun 27, 2020 2:03 am
SemiRetire wrote:
Fri Jun 26, 2020 10:28 pm
dcabler wrote:
Fri Jun 26, 2020 7:42 pm
etf.com
Thanks

VBR 31.5
That does not seem right.

https://www.morningstar.com/etfs/arcx/vbr/portfolio
Methodology differences that can make a big difference to the final number.
viewtopic.php?t=199804
https://www.bogleheads.org/wiki/P/E
Thanks. I haven't read those posts. Do they explain that a value fund like VBR would have a far higher P/E than non value funds? That seems odd to me, but I know very little of the topic.

alex_686
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Re: Current PE ratios on Vanguard ETFs?

Post by alex_686 » Sat Jun 27, 2020 9:47 pm

VBR is small cap, not value - right?

Note, “Value” is a relative term to other stocks within the same universe. i.e. A US large cap value fund might well have a higher P/E than a European fund because US large caps are more growthy.
Former brokerage operations & mutual fund accountant. I hate risk, which is why I study and embrace it.

YRT70
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Re: Current PE ratios on Vanguard ETFs?

Post by YRT70 » Sat Jun 27, 2020 9:51 pm

alex_686 wrote:
Sat Jun 27, 2020 9:47 pm
VBR is small cap, not value - right?

Note, “Value” is a relative term to other stocks within the same universe. i.e. A US large cap value fund might well have a higher P/E than a European fund because US large caps are more growthy.
VBR is small cap value. I'm aware of your second point.

dcabler
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Re: Current PE ratios on Vanguard ETFs?

Post by dcabler » Sun Jun 28, 2020 8:23 am

YRT70 wrote:
Sat Jun 27, 2020 7:53 pm
dcabler wrote:
Sat Jun 27, 2020 6:36 am
YRT70 wrote:
Sat Jun 27, 2020 2:03 am
SemiRetire wrote:
Fri Jun 26, 2020 10:28 pm
dcabler wrote:
Fri Jun 26, 2020 7:42 pm
etf.com
Thanks

VBR 31.5
That does not seem right.

https://www.morningstar.com/etfs/arcx/vbr/portfolio
Methodology differences that can make a big difference to the final number.
viewtopic.php?t=199804
https://www.bogleheads.org/wiki/P/E
Thanks. I haven't read those posts. Do they explain that a value fund like VBR would have a far higher P/E than non value funds? That seems odd to me, but I know very little of the topic.
They only discuss different ways P/E's are calculated.
For example:
On ETF, VBR has a P/E ratio of 31.52
On Vanguard's site it has a P/E ratio of 13.70

VTI on the other hand
On ETF, VTI has a P/E ratio of 24.79
On Vanguard's site it has a P/E ratio of 21.90

Because of the different definitions of P/E (such as excluding or not excluding companies with negative earnings in the calculation or other filtering), the numbers can be pretty different. And given the different definitions of "value" used by different indices and general market flux, I don't think that it's a law-of-the-universe type of thing that value funds should always have a lower P/E ratio than a non-value fund at any given point in time.

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Lauretta
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Re: Current PE ratios on Vanguard ETFs?

Post by Lauretta » Sun Jun 28, 2020 8:34 am

rascott wrote:
Fri Jun 26, 2020 10:37 pm
Buying cheap stocks hasn't worked for 15+ years.

Not really clear why it will work in the next few decades either.
I think it will work precisely because it has not worked for 15+ years.
When everyone is thinking the same, no one is thinking at all

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nedsaid
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Re: Current PE ratios on Vanguard ETFs?

Post by nedsaid » Sun Jun 28, 2020 1:52 pm

Keep in mind that P/E ratios are affected by a (hopefully) temporary drop in earnings due to the recent pandemic. Keep your eye on forward earnings estimates.
A fool and his money are good for business.

Seasonal
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Re: Current PE ratios on Vanguard ETFs?

Post by Seasonal » Sun Jun 28, 2020 2:10 pm

nedsaid wrote:
Sun Jun 28, 2020 1:52 pm
Keep in mind that P/E ratios are affected by a (hopefully) temporary drop in earnings due to the recent pandemic. Keep your eye on forward earnings estimates.
At the moment, forward earning estimates are dependent on the course of the pandemic and the reaction to that course. The spike of cases in many states is not a good sign, but predicting what will happen, including individual reactions and government policy, is a non-trivial task.

All of which is a long way of saying forward earnings estimates are likely even less reliable than usual.

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nedsaid
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Re: Current PE ratios on Vanguard ETFs?

Post by nedsaid » Tue Jun 30, 2020 11:07 am

Seasonal wrote:
Sun Jun 28, 2020 2:10 pm
nedsaid wrote:
Sun Jun 28, 2020 1:52 pm
Keep in mind that P/E ratios are affected by a (hopefully) temporary drop in earnings due to the recent pandemic. Keep your eye on forward earnings estimates.
At the moment, forward earning estimates are dependent on the course of the pandemic and the reaction to that course. The spike of cases in many states is not a good sign, but predicting what will happen, including individual reactions and government policy, is a non-trivial task.

All of which is a long way of saying forward earnings estimates are likely even less reliable than usual.
Yep, the earnings estimates are affected by the coronavirus and I am just telling people to take this into consideration. P/E ratios based upon forecasted earnings may not mean much right now.
A fool and his money are good for business.

alex_686
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Joined: Mon Feb 09, 2015 2:39 pm

Re: Current PE ratios on Vanguard ETFs?

Post by alex_686 » Tue Jun 30, 2020 11:15 am

nedsaid wrote:
Tue Jun 30, 2020 11:07 am
Seasonal wrote:
Sun Jun 28, 2020 2:10 pm
nedsaid wrote:
Sun Jun 28, 2020 1:52 pm
Keep in mind that P/E ratios are affected by a (hopefully) temporary drop in earnings due to the recent pandemic. Keep your eye on forward earnings estimates.
At the moment, forward earning estimates are dependent on the course of the pandemic and the reaction to that course. The spike of cases in many states is not a good sign, but predicting what will happen, including individual reactions and government policy, is a non-trivial task.

All of which is a long way of saying forward earnings estimates are likely even less reliable than usual.
Yep, the earnings estimates are affected by the coronavirus and I am just telling people to take this into consideration. P/E ratios based upon forecasted earnings may not mean much right now.
In the last 2 crisis forward P/E were fairly accurate. Of course, we should but this in context. Prior earnings are total garbage. One should use wide error bands, which one can get by digging into the headline numbers and actually pull the range of estimates that the analysis provide.
Former brokerage operations & mutual fund accountant. I hate risk, which is why I study and embrace it.

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