iShares U.S. Equity Factor Rotation Active ETF (DYNF) Valuation

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

DYNF valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 23.3
Forward P/E: 19.0
Price / sales: 3.85
Price / book: 4.63
EV / EBITDA: 17.6
Earnings yield: 4.29%
Dividend yield: 1.11%
Return on equity: 19.9%
Net margin: 16.6%
Beta: 1.14

DYNF valuation vs other stock ETFs

P/E (TTM)Forward P/E

DYNF valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
DYNF	23.3	19.0	3.85	4.63	1.11%	19.9%	16.6%	2.3%
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.

DYNF valuation by sector

P/E (TTM)Forward P/E

DYNF valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	38.5%	32.9	23.0	9.80	13.62	0.52%	41.5%
Financial Services	15.3%	11.8	12.0	2.48	1.86	1.78%	15.7%
Communication Services	9.5%	17.4	17.9	4.45	4.75	1.06%	27.2%
Industrials	8.4%	35.2	27.8	4.04	8.35	0.91%	23.8%
Healthcare	7.9%	37.9	18.3	2.31	5.73	1.59%	15.1%
Consumer Cyclical	7.1%	26.1	24.0	3.13	5.68	0.24%	21.8%
Energy	5.5%	21.6	14.0	1.76	2.50	2.43%	11.6%
Consumer Defensive	2.2%	32.4	26.5	1.46	7.56	1.66%	23.4%
Real Estate	2.1%	42.9	39.9	8.68	2.11	3.40%	4.9%
Utilities	1.8%	18.1	16.2	3.09	1.85	3.45%	10.2%
Basic Materials	0.9%	15.2	11.7	3.09	3.35	1.15%	22.0%

DYNF earnings yield vs bond yields

DYNF earnings yield (forward)

5.27%

DYNF earnings yield (trailing)

4.29%

DYNF dividend yield

1.11%

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 DYNF weight splits by P/E

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

DYNF largest holdings: valuation

DYNF largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
AAPL	Apple Inc.	8.01%	39.4	35.2	10.7	0.31%	4.77%
NVDA	NVIDIA Corporation	7.91%	27.1	24.9	17.1	0.47%	6.85%
MSFT	Microsoft Corporation	4.66%	29.5	25.1	11.8	0.74%	3.71%
AMZN	Amazon.com, Inc.	4.18%	20.1	23.6	3.5	—	4.87%
JPM	JPMorgan Chase & Co.	3.19%	14.2	13.5	4.7	1.94%	5.24%
XOM	Exxon Mobil Corporation	3.02%	23.0	14.8	2.0	2.30%	3.08%
META	Meta Platforms, Inc.	2.55%	26.7	22.1	7.9	0.30%	2.24%
GOOGL	Alphabet Inc.	2.43%	17.1	22.8	9.3	0.26%	3.33%
AVGO	Broadcom Inc.	2.24%	43.3	19.4	17.6	0.79%	1.21%
JNJ	Johnson & Johnson	2.06%	38.8	21.0	6.2	2.10%	1.25%
BAC	Bank of America Corporation	2.06%	12.2	10.8	3.1	2.50%	3.95%
GOOG	Alphabet Inc.	1.95%	16.9	21.8	9.2	0.26%	2.70%
CRM	Salesforce, Inc.	1.77%	22.0	14.0	4.5	0.73%	1.89%
CVX	Chevron Corporation	1.69%	21.2	15.2	2.1	3.16%	1.86%
MU	Micron Technology, Inc.	1.64%	11.8	7.0	7.5	0.07%	3.25%
TSLA	Tesla, Inc.	1.64%	328.4	158.7	13.5	—	0.12%
TRV	The Travelers Companies, Inc.	1.56%	10.5	10.8	1.7	1.28%	3.49%
AMD	Advanced Micro Devices, Inc.	1.49%	134.9	39.5	20.9	—	0.26%
CSCO	Cisco Systems, Inc.	1.47%	32.2	19.8	6.7	1.56%	1.07%
CAT	Caterpillar Inc.	1.44%	31.5	25.4	4.5	0.89%	1.07%
LLY	Eli Lilly and Company	1.32%	42.2	24.4	14.1	0.55%	0.73%
C	Citigroup Inc.	1.32%	12.1	10.2	2.5	2.16%	2.55%
LRCX	Lam Research Corporation	1.24%	45.8	33.7	14.2	0.50%	0.64%
PH	Parker-Hannifin Corporation	1.23%	33.8	27.5	5.7	0.83%	0.85%
RTX	RTX Corporation	1.12%	34.1	24.6	2.8	1.51%	0.77%

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 DYNF valuation

Adding up its 213 holdings with company data, DYNF trades at 23.3 times trailing earnings and 19.0 times analysts' forward estimates, with a price-to-book ratio of 4.63 and a dividend yield of 1.11%. Its earnings yield of 4.29% is 1.03 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 40.2% of the fund and earn 36.6% of its combined profit. By sector, Real Estate is the most expensive at 42.9 times earnings and Financial Services the cheapest at 11.8. Companies that lost money over the past year are 2.3% 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 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

DYNF valuation FAQ

What is the P/E ratio of DYNF?

Based on its holdings, DYNF has a trailing P/E of 23.3 and a forward P/E of 19.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of DYNF?

The trailing earnings yield is 4.29% (1 ÷ P/E) and the forward earnings yield 5.27%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is DYNF more expensive than the S&P 500?

DYNF trades at 23.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.0 and 19.9.

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

The holdings of DYNF trade at 4.63 times book value, with a combined return on equity of 19.9%.

Which sector in DYNF has the highest P/E?

Real Estate has the highest P/E at 42.9 and Financial Services the lowest at 11.8.