Invesco S&P 100 Equal Weight ETF (EQWL) Valuation
EQWL valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 23.3 trailing earnings
- Forward P/E
- 16.6 analyst estimates
- Price / sales
- 2.72
- Price / book
- 4.22
- EV / EBITDA
- 15.4
- Earnings yield
- 4.29% inverse of P/E
- Dividend yield
- 1.86% of the holdings
- Return on equity
- 18.1% combined
- Net margin
- 11.7% combined
- Beta
- 0.93 weighted, vs S&P 500
EQWL valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| EQWL | 23.3 | 16.6 | 2.72 | 4.22 | 1.86% | 18.1% | 11.7% | 1.8% |
| 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.
EQWL valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 24.6% | 28.9 | 19.1 | 5.74 | 8.56 | 0.85% | 29.6% |
| Healthcare | 15.9% | 36.3 | 16.1 | 2.09 | 4.31 | 2.18% | 11.9% |
| Financial Services | 14.3% | 15.6 | 13.6 | 3.97 | 2.23 | 1.72% | 14.3% |
| Industrials | 11.9% | 25.7 | 20.1 | 2.00 | 6.12 | 1.88% | 23.8% |
| Consumer Defensive | 8.7% | 25.1 | 20.6 | 2.54 | 8.65 | 2.85% | 34.4% |
| Consumer Cyclical | 7.9% | 26.1 | 16.1 | 1.63 | 6.76 | 1.66% | 26.0% |
| Communication Services | 7.4% | 13.6 | 11.9 | 1.78 | 2.23 | 2.64% | 16.4% |
| Energy | 3.4% | 21.1 | 14.1 | 2.26 | 2.33 | 2.58% | 11.0% |
| Utilities | 3.2% | 19.3 | 16.8 | 3.69 | 2.18 | 3.35% | 11.3% |
| Basic Materials | 1.1% | 32.2 | 23.6 | 6.48 | 5.48 | 1.28% | 17.0% |
| Real Estate | 1.1% | 25.5 | 24.6 | 7.89 | 21.39 | 3.86% | 83.9% |
EQWL 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 EQWL weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
EQWL largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| ACN | Accenture plc | 1.45% | 16.9 | 12.4 | 1.9 | 2.98% | 2.00% |
| ISRG | Intuitive Surgical, Inc. | 1.26% | 48.9 | 33.3 | 13.7 | — | 0.60% |
| LMT | Lockheed Martin Corporation | 1.19% | 20.3 | 16.2 | 1.7 | 2.61% | 1.37% |
| PANW | Palo Alto Networks, Inc. | 1.17% | 855.0 | 94.3 | 24.4 | — | 0.03% |
| PLTR | Palantir Technologies Inc. | 1.16% | 160.4 | 85.5 | 72.6 | — | 0.17% |
| COP | ConocoPhillips | 1.16% | 19.4 | 12.7 | 2.7 | 2.29% | 1.39% |
| PG | The Procter & Gamble Company | 1.15% | 24.1 | 21.2 | 4.3 | 2.73% | 1.12% |
| NOW | ServiceNow, Inc. | 1.15% | 88.7 | 27.8 | 10.0 | — | 0.30% |
| COST | Costco Wholesale Corporation | 1.15% | 47.6 | 40.3 | 1.4 | 0.59% | 0.57% |
| V | Visa Inc. | 1.15% | 34.3 | 24.0 | 17.0 | 0.67% | 0.79% |
| CVX | Chevron Corporation | 1.13% | 21.2 | 15.2 | 2.1 | 3.16% | 1.25% |
| LIN | Linde plc | 1.13% | 32.2 | 23.6 | 6.5 | 1.28% | 0.83% |
| ABBV | AbbVie Inc. | 1.13% | 80.6 | 16.4 | 7.8 | 2.42% | 0.33% |
| WMT | Walmart Inc. | 1.12% | 43.0 | 38.0 | 1.3 | 0.83% | 0.61% |
| LLY | Eli Lilly and Company | 1.12% | 42.2 | 24.4 | 14.1 | 0.55% | 0.62% |
| AAPL | Apple Inc. | 1.12% | 39.4 | 35.2 | 10.7 | 0.31% | 0.67% |
| MA | Mastercard Incorporated | 1.11% | 34.0 | 24.2 | 15.4 | 0.56% | 0.77% |
| UNH | UnitedHealth Group Incorporated | 1.11% | 25.8 | 16.6 | 0.8 | 2.31% | 1.01% |
| DHR | Danaher Corporation | 1.11% | 40.8 | 23.8 | 6.4 | 0.70% | 0.64% |
| KO | The Coca-Cola Company | 1.11% | 28.2 | 25.3 | 8.1 | 2.26% | 0.92% |
| MMM | 3M Company | 1.11% | 29.3 | 17.8 | 3.4 | 1.89% | 0.89% |
| SO | The Southern Company | 1.10% | 22.0 | 17.0 | 3.5 | 3.33% | 1.17% |
| TXN | Texas Instruments Incorporated | 1.10% | 42.1 | 27.5 | 13.0 | 2.20% | 0.61% |
| INTU | Intuit Inc. | 1.09% | 19.8 | 12.7 | 4.1 | 1.70% | 1.30% |
| MO | Altria Group, Inc. | 1.09% | 15.8 | 11.9 | 6.1 | 5.91% | 1.62% |
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 EQWL valuation
Adding up its 100 holdings with company data, EQWL trades at 23.3 times trailing earnings and 16.6 times analysts' forward estimates, with a price-to-book ratio of 4.22 and a dividend yield of 1.86%. Its earnings yield of 4.29% is 1.04 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 12.0% of the fund and earn 8.4% of its combined profit. By sector, Healthcare is the most expensive at 36.3 times earnings and Communication Services the cheapest at 13.6. Companies that lost money over the past year are 1.8% 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 99.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: EQWL chart, EQWL performance, EQWL holdings, EQWL dividends.
EQWL valuation FAQ
What is the P/E ratio of EQWL?
Based on its holdings, EQWL has a trailing P/E of 23.3 and a forward P/E of 16.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of EQWL?
The trailing earnings yield is 4.29% (1 ÷ P/E) and the forward earnings yield 6.01%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is EQWL more expensive than the S&P 500?
EQWL trades at 23.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 16.6 and 19.9.
What is the price-to-book ratio of EQWL?
The holdings of EQWL trade at 4.22 times book value, with a combined return on equity of 18.1%.
Which sector in EQWL has the highest P/E?
Healthcare has the highest P/E at 36.3 and Communication Services the lowest at 13.6.