Innovator Equity Managed 100 Buffer ETF (BFRZ) Valuation
BFRZ valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 28.2 trailing earnings
- Forward P/E
- 20.2 analyst estimates
- Price / sales
- 3.82
- Price / book
- 5.37
- EV / EBITDA
- 17.8
- Earnings yield
- 3.54% inverse of P/E
- Dividend yield
- 1.13% of the holdings
- Return on equity
- 19.0% combined
- Net margin
- 13.5% combined
- Beta
- 1.15 weighted, vs S&P 500
BFRZ valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| BFRZ | 28.2 | 20.2 | 3.82 | 5.37 | 1.13% | 19.0% | 13.5% | 4.5% |
| 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.
BFRZ valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 37.0% | 35.2 | 22.9 | 8.70 | 10.50 | 0.54% | 29.8% |
| Financial Services | 10.9% | 17.0 | 15.0 | 3.46 | 2.41 | 1.61% | 14.1% |
| Communication Services | 9.4% | 18.5 | 20.4 | 5.77 | 5.26 | 0.54% | 28.4% |
| Consumer Cyclical | 9.0% | 35.2 | 24.1 | 2.56 | 6.35 | 0.72% | 18.0% |
| Healthcare | 8.8% | 49.6 | 18.9 | 2.28 | 8.76 | 1.62% | 17.7% |
| Industrials | 5.8% | 26.7 | 23.7 | 3.04 | 6.79 | 1.06% | 25.5% |
| Consumer Defensive | 5.1% | 48.7 | 23.2 | 2.14 | 6.18 | 2.45% | 12.7% |
| Energy | 3.8% | 19.1 | 13.0 | 1.79 | 2.43 | 2.11% | 12.7% |
| Utilities | 1.7% | 21.6 | 16.2 | 2.35 | 1.95 | 3.39% | 9.0% |
| Real Estate | 1.4% | 22.8 | 20.1 | 6.70 | 1.74 | 5.11% | 7.6% |
| Basic Materials | 1.3% | 28.8 | 14.2 | 1.45 | 3.22 | 2.93% | 11.2% |
BFRZ 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 BFRZ weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
BFRZ largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 7.91% | 39.4 | 35.2 | 10.7 | 0.31% | 6.03% |
| NVDA | NVIDIA Corporation | 7.28% | 27.1 | 24.9 | 17.1 | 0.47% | 8.06% |
| MSFT | Microsoft Corporation | 5.74% | 29.5 | 25.1 | 11.8 | 0.74% | 5.84% |
| AMZN | Amazon.com, Inc. | 3.83% | 20.1 | 23.6 | 3.5 | — | 5.71% |
| GOOGL | Alphabet Inc. | 3.03% | 17.1 | 22.8 | 9.3 | 0.26% | 5.32% |
| GOOG | Alphabet Inc. | 2.54% | 16.9 | 21.8 | 9.2 | 0.26% | 4.50% |
| AVGO | Broadcom Inc. | 2.46% | 43.3 | 19.4 | 17.6 | 0.79% | 1.71% |
| META | Meta Platforms, Inc. | 2.20% | 26.7 | 22.1 | 7.9 | 0.30% | 2.47% |
| LLY | Eli Lilly and Company | 1.89% | 42.2 | 24.4 | 14.1 | 0.55% | 1.34% |
| TSLA | Tesla, Inc. | 1.76% | 328.4 | 158.7 | 13.5 | — | 0.16% |
| JPM | JPMorgan Chase & Co. | 1.66% | 14.2 | 13.5 | 4.7 | 1.94% | 3.49% |
| MU | Micron Technology, Inc. | 1.50% | 11.8 | 7.0 | 7.5 | 0.07% | 3.81% |
| AMD | Advanced Micro Devices, Inc. | 1.46% | 134.9 | 39.5 | 20.9 | — | 0.32% |
| XOM | Exxon Mobil Corporation | 1.45% | 23.0 | 14.8 | 2.0 | 2.30% | 1.89% |
| V | Visa Inc. | 1.37% | 34.3 | 24.0 | 17.0 | 0.67% | 1.20% |
| BRK.B | Berkshire Hathaway Inc. | 1.35% | 13.4 | 22.7 | 3.0 | — | 3.03% |
| JNJ | Johnson & Johnson | 1.20% | 38.8 | 21.0 | 6.2 | 2.10% | 0.93% |
| ABBV | AbbVie Inc. | 1.11% | 80.6 | 16.4 | 7.8 | 2.42% | 0.41% |
| MA | Mastercard Incorporated | 1.08% | 34.0 | 24.2 | 15.4 | 0.56% | 0.96% |
| CSCO | Cisco Systems, Inc. | 1.00% | 32.2 | 19.8 | 6.7 | 1.56% | 0.93% |
| WMT | Walmart Inc. | 0.98% | 43.0 | 38.0 | 1.3 | 0.83% | 0.68% |
| COST | Costco Wholesale Corporation | 0.94% | 47.6 | 40.3 | 1.4 | 0.59% | 0.59% |
| MRK | Merck & Co., Inc. | 0.89% | 115.8 | 15.3 | 5.4 | 2.33% | 0.23% |
| KO | The Coca-Cola Company | 0.88% | 28.2 | 25.3 | 8.1 | 2.26% | 0.93% |
| PG | The Procter & Gamble Company | 0.84% | 24.1 | 21.2 | 4.3 | 2.73% | 1.05% |
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 BFRZ valuation
Adding up its 171 holdings with company data, BFRZ trades at 28.2 times trailing earnings and 20.2 times analysts' forward estimates, with a price-to-book ratio of 5.37 and a dividend yield of 1.13%. Its earnings yield of 3.54% is 1.79 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 38.7% of the fund and earn 41.1% of its combined profit. By sector, Healthcare is the most expensive at 49.6 times earnings and Financial Services the cheapest at 17.0. Companies that lost money over the past year are 4.5% 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 98.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: BFRZ chart, BFRZ performance, BFRZ holdings, BFRZ dividends.
BFRZ valuation FAQ
What is the P/E ratio of BFRZ?
Based on its holdings, BFRZ has a trailing P/E of 28.2 and a forward P/E of 20.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of BFRZ?
The trailing earnings yield is 3.54% (1 ÷ P/E) and the forward earnings yield 4.95%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is BFRZ more expensive than the S&P 500?
BFRZ trades at 28.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 20.2 and 19.9.
What is the price-to-book ratio of BFRZ?
The holdings of BFRZ trade at 5.37 times book value, with a combined return on equity of 19.0%.
Which sector in BFRZ has the highest P/E?
Healthcare has the highest P/E at 49.6 and Financial Services the lowest at 17.0.