Invesco Dow Jones Industrial Average Dividend… (DJD) Valuation
DJD valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 21.5 trailing earnings
- Forward P/E
- 17.9 analyst estimates
- Price / sales
- 2.54
- Price / book
- 4.96
- EV / EBITDA
- 13.6
- Earnings yield
- 4.65% inverse of P/E
- Dividend yield
- 2.34% of the holdings
- Return on equity
- 23.1% combined
- Net margin
- 11.8% combined
- Beta
- 0.75 weighted, vs S&P 500
DJD valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| DJD | 21.5 | 17.9 | 2.54 | 4.96 | 2.34% | 23.1% | 11.8% | 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.
DJD valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Consumer Cyclical | 19.2% | 19.4 | 19.4 | 1.78 | 7.34 | 3.65% | 37.9% |
| Healthcare | 18.4% | 35.2 | 17.0 | 2.16 | 6.68 | 2.28% | 19.0% |
| Consumer Defensive | 14.0% | 27.3 | 24.2 | 3.63 | 7.89 | 2.28% | 28.9% |
| Financial Services | 13.3% | 14.2 | 13.5 | 3.13 | 3.00 | 1.60% | 21.1% |
| Technology | 13.1% | 24.6 | 19.0 | 4.68 | 7.44 | 1.84% | 30.2% |
| Industrials | 7.9% | 15.1 | 20.2 | 2.65 | 8.34 | 1.52% | 55.1% |
| Energy | 7.8% | 21.2 | 15.2 | 2.11 | 2.12 | 3.16% | 10.0% |
| Communication Services | 3.6% | 21.8 | 14.6 | 2.17 | 1.82 | 1.21% | 8.3% |
| Basic Materials | 2.0% | 30.9 | 23.8 | 3.33 | 20.56 | 0.95% | 66.5% |
DJD 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 DJD weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
DJD largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NKE | NIKE, Inc. | 8.13% | 17.9 | 21.0 | 1.2 | 4.42% | 9.87% |
| CVX | Chevron Corporation | 7.76% | 21.2 | 15.2 | 2.1 | 3.16% | 7.92% |
| PG | The Procter & Gamble Company | 6.83% | 24.1 | 21.2 | 4.3 | 2.73% | 6.15% |
| IBM | International Business Machines Corporation | 5.79% | 20.6 | 17.4 | 3.2 | 2.91% | 6.09% |
| HD | The Home Depot, Inc. | 5.75% | 21.5 | 19.8 | 1.8 | 3.01% | 5.78% |
| MCD | McDonald's Corporation | 5.33% | 19.7 | 17.1 | 6.2 | 3.18% | 5.85% |
| AMGN | Amgen Inc. | 5.14% | 26.9 | 16.7 | 6.1 | 2.33% | 4.15% |
| KO | The Coca-Cola Company | 5.08% | 28.2 | 25.3 | 8.1 | 2.26% | 3.90% |
| UNH | UnitedHealth Group Incorporated | 4.99% | 25.8 | 16.6 | 0.8 | 2.31% | 4.19% |
| MRK | Merck & Co., Inc. | 4.34% | 115.8 | 15.3 | 5.4 | 2.33% | 0.81% |
| JNJ | Johnson & Johnson | 3.92% | 38.8 | 21.0 | 6.2 | 2.10% | 2.19% |
| MMM | 3M Company | 3.85% | 29.3 | 17.8 | 3.4 | 1.89% | 2.85% |
| JPM | JPMorgan Chase & Co. | 3.27% | 14.2 | 13.5 | 4.7 | 1.94% | 4.98% |
| GS | The Goldman Sachs Group, Inc. | 3.17% | 12.7 | 12.8 | 3.6 | 2.27% | 5.41% |
| DIS | The Walt Disney Company | 3.09% | 22.8 | 13.8 | 1.9 | 1.36% | 2.94% |
| TRV | The Travelers Companies, Inc. | 2.99% | 10.5 | 10.8 | 1.7 | 1.28% | 6.20% |
| CSCO | Cisco Systems, Inc. | 2.87% | 32.2 | 19.8 | 6.7 | 1.56% | 1.93% |
| HON | Honeywell International Inc. | 2.73% | 7.8 | 22.2 | 1.8 | 1.32% | 7.59% |
| AXP | American Express Company | 2.32% | 19.0 | 15.1 | 3.0 | 1.21% | 2.65% |
| WMT | Walmart Inc. | 2.06% | 43.0 | 38.0 | 1.3 | 0.83% | 1.04% |
| SHW | The Sherwin-Williams Company | 2.05% | 30.9 | 23.8 | 3.3 | 0.95% | 1.44% |
| MSFT | Microsoft Corporation | 1.54% | 29.5 | 25.1 | 11.8 | 0.74% | 1.14% |
| V | Visa Inc. | 1.50% | 34.3 | 24.0 | 17.0 | 0.67% | 0.95% |
| CAT | Caterpillar Inc. | 1.36% | 31.5 | 25.4 | 4.5 | 0.89% | 0.94% |
| CRM | Salesforce, Inc. | 1.34% | 22.0 | 14.0 | 4.5 | 0.73% | 1.32% |
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 DJD valuation
Adding up its 28 holdings with company data, DJD trades at 21.5 times trailing earnings and 17.9 times analysts' forward estimates, with a price-to-book ratio of 4.96 and a dividend yield of 2.34%. Its earnings yield of 4.65% is 0.68 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 59.1% of the fund and earn 54.7% of its combined profit. By sector, Healthcare is the most expensive at 35.2 times earnings and Financial Services the cheapest at 14.2. 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 99.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: DJD chart, DJD performance, DJD holdings, DJD dividends.
DJD valuation FAQ
What is the P/E ratio of DJD?
Based on its holdings, DJD has a trailing P/E of 21.5 and a forward P/E of 17.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of DJD?
The trailing earnings yield is 4.65% (1 ÷ P/E) and the forward earnings yield 5.59%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is DJD more expensive than the S&P 500?
DJD trades at 21.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 17.9 and 19.9.
What is the price-to-book ratio of DJD?
The holdings of DJD trade at 4.96 times book value, with a combined return on equity of 23.1%.
Which sector in DJD has the highest P/E?
Healthcare has the highest P/E at 35.2 and Financial Services the lowest at 14.2.