Invesco Russell 1000 Equal Weight ETF (EQAL) Valuation
EQAL valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 30.6 trailing earnings
- Forward P/E
- 14.6 analyst estimates
- Price / sales
- 1.52
- Price / book
- 2.60
- EV / EBITDA
- 12.6
- Earnings yield
- 3.27% inverse of P/E
- Dividend yield
- 1.89% of the holdings
- Return on equity
- 8.5% combined
- Net margin
- 5.0% combined
- Beta
- 0.94 weighted, vs S&P 500
EQAL valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| EQAL | 30.6 | 14.6 | 1.52 | 2.60 | 1.89% | 8.5% | 5.0% | 12.9% |
| 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.
EQAL valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 13.7% | 48.7 | 18.9 | 2.72 | 5.09 | 0.46% | 10.5% |
| Healthcare | 10.5% | 44.3 | 16.2 | 1.33 | 3.83 | 0.66% | 8.6% |
| Industrials | 9.8% | 31.8 | 18.5 | 1.65 | 3.85 | 0.97% | 12.1% |
| Financial Services | 9.7% | 15.0 | 11.1 | 2.02 | 1.88 | 2.08% | 12.6% |
| Real Estate | 8.9% | 34.9 | 25.2 | 4.27 | 1.88 | 4.58% | 5.4% |
| Consumer Defensive | 8.6% | 39.3 | 13.1 | 0.66 | 2.64 | 2.87% | 6.7% |
| Utilities | 8.3% | 29.6 | 14.5 | 2.36 | 2.06 | 3.07% | 7.0% |
| Energy | 8.3% | 16.9 | 11.7 | 1.91 | 2.09 | 2.08% | 12.4% |
| Consumer Cyclical | 8.1% | 22.8 | 13.9 | 1.01 | 3.17 | 1.51% | 13.9% |
| Basic Materials | 7.4% | 102.2 | 14.3 | 1.23 | 2.38 | 1.87% | 2.3% |
| Communication Services | 6.0% | 57.8 | 9.3 | 1.28 | 1.72 | 1.87% | 3.0% |
EQAL 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 EQAL weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
EQAL largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| UI | Ubiquiti Inc. | 0.48% | 37.9 | 28.5 | 11.1 | 0.67% | 0.40% |
| ROKU | Roku, Inc | 0.45% | 65.8 | 39.1 | 4.4 | — | 0.22% |
| GSAT | Globalstar, Inc | 0.45% | — | 9.2 | 38.0 | — | −0.08% |
| ECHO | EchoStar Corporation | 0.45% | — | 4.7 | 1.7 | — | −2.23% |
| CIEN | Ciena Corporation | 0.44% | 74.4 | 39.8 | 7.8 | — | 0.19% |
| MSI | Motorola Solutions, Inc. | 0.44% | 36.5 | 23.9 | 6.3 | 1.05% | 0.38% |
| SPCX | Space Exploration Technologies Corp. | 0.44% | — | 200.0 | 83.5 | — | −0.06% |
| CSCO | Cisco Systems, Inc. | 0.42% | 32.2 | 19.8 | 6.7 | 1.56% | 0.41% |
| IRDM | Iridium Communications Inc | 0.42% | 49.7 | 24.5 | 5.2 | 1.37% | 0.27% |
| CMCSA | Comcast Corporation | 0.41% | 7.1 | 5.9 | 0.6 | 6.03% | 1.81% |
| VZ | Verizon Communications Inc. | 0.39% | 11.7 | 8.7 | 1.3 | 6.32% | 1.06% |
| ANET | Arista Networks, Inc. | 0.39% | 55.8 | 39.2 | 21.2 | — | 0.22% |
| VIAV | Viavi Solutions Inc. | 0.36% | — | 22.1 | 5.4 | — | −0.04% |
| TIGO | Millicom International Cellular S.A | 0.36% | 20.9 | 10.0 | 1.9 | 3.62% | 0.55% |
| T | AT&T Inc. | 0.36% | 7.7 | 9.9 | 1.3 | 4.74% | 1.45% |
| TMUS | T-Mobile US, Inc. | 0.35% | 16.6 | 11.7 | 1.9 | 2.94% | 0.67% |
| CHTR | Charter Communications, Inc. | 0.35% | 2.9 | 2.5 | 0.3 | — | 3.80% |
| LITE | Lumentum Holdings Inc. | 0.34% | — | 42.9 | 24.8 | — | −1.21% |
| LBTYA | Liberty Global Plc | 0.31% | — | 54.9 | 0.5 | — | −5.81% |
| CLF | Cleveland-Cliffs Inc. | 0.29% | — | 16.0 | 0.4 | — | −1.22% |
| AAOI | Applied Optoelectronics, Inc. | 0.29% | — | 84.0 | 10.8 | — | −0.09% |
| NPA | New Providence Acquisition Corp | 0.28% | — | — | — | — | — |
| MPC | Marathon Petroleum Corporation | 0.28% | 16.6 | 5.5 | 0.9 | 0.84% | 0.53% |
| LIN | Linde plc | 0.27% | 32.2 | 23.6 | 6.5 | 1.28% | 0.26% |
| DINO | HF Sinclair Corporation | 0.27% | 11.9 | 10.0 | 0.7 | 1.68% | 0.70% |
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 EQAL valuation
Adding up its 982 holdings with company data, EQAL trades at 30.6 times trailing earnings and 14.6 times analysts' forward estimates, with a price-to-book ratio of 2.60 and a dividend yield of 1.89%. Its earnings yield of 3.27% is 2.06 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 4.4% of the fund and earn 1.3% of its combined profit. By sector, Basic Materials is the most expensive at 102.2 times earnings and Financial Services the cheapest at 15.0. Companies that lost money over the past year are 12.9% 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: EQAL chart, EQAL performance, EQAL holdings, EQAL dividends.
EQAL valuation FAQ
What is the P/E ratio of EQAL?
Based on its holdings, EQAL has a trailing P/E of 30.6 and a forward P/E of 14.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of EQAL?
The trailing earnings yield is 3.27% (1 ÷ P/E) and the forward earnings yield 6.85%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is EQAL more expensive than the S&P 500?
EQAL trades at 30.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 14.6 and 19.9.
What is the price-to-book ratio of EQAL?
The holdings of EQAL trade at 2.60 times book value, with a combined return on equity of 8.5%.
Which sector in EQAL has the highest P/E?
Basic Materials has the highest P/E at 102.2 and Financial Services the lowest at 15.0.