Invesco S&P MidCap 400 GARP ETF (GRPM) Valuation
GRPM valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 15.6 trailing earnings
- Forward P/E
- 13.8 analyst estimates
- Price / sales
- 1.96
- Price / book
- 3.64
- EV / EBITDA
- 11.5
- Earnings yield
- 6.42% inverse of P/E
- Dividend yield
- 0.70% of the holdings
- Return on equity
- 23.3% combined
- Net margin
- 12.6% combined
- Beta
- 0.88 weighted, vs S&P 500
GRPM valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| GRPM | 15.6 | 13.8 | 1.96 | 3.64 | 0.70% | 23.3% | 12.6% | 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.
GRPM valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 23.8% | 28.0 | 17.8 | 3.69 | 6.79 | 0.12% | 24.3% |
| Financial Services | 21.8% | 10.4 | 10.4 | 1.61 | 2.00 | 1.76% | 19.3% |
| Healthcare | 21.1% | 22.2 | 15.2 | 3.54 | 5.54 | 0.04% | 25.0% |
| Consumer Cyclical | 13.3% | 12.3 | 12.3 | 1.37 | 4.73 | 0.80% | 38.5% |
| Industrials | 9.7% | 14.8 | 13.6 | 0.95 | 2.66 | 1.39% | 18.0% |
| Energy | 5.1% | 11.4 | 18.9 | 2.02 | 3.14 | 0.46% | 27.6% |
| Basic Materials | 3.1% | 17.1 | 17.8 | 3.82 | 4.24 | 0.26% | 24.8% |
| Consumer Defensive | 2.1% | 15.5 | 12.2 | 1.19 | 4.89 | 0.00% | 31.6% |
GRPM 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 GRPM weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
GRPM largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| ANF | Abercrombie & Fitch Co. | 3.40% | 13.2 | 10.0 | 1.2 | — | 4.00% |
| HALO | Halozyme Therapeutics, Inc. | 3.40% | 35.6 | 11.5 | 8.3 | — | 1.49% |
| DUOL | Duolingo, Inc. | 2.75% | 16.8 | 19.0 | 5.8 | — | 2.54% |
| PCTY | Paylocity Holding Corporation | 2.68% | 33.8 | 15.4 | 5.2 | — | 1.24% |
| IDCC | InterDigital, Inc | 2.68% | 37.3 | 29.9 | 10.5 | 0.94% | 1.12% |
| RNR | RenaissanceRe Holdings Ltd. | 2.61% | 6.1 | 8.1 | 1.3 | 0.47% | 6.72% |
| MEDP | Medpace Holdings, Inc. | 2.60% | 36.3 | 31.9 | 6.2 | — | 1.12% |
| SN | SharkNinja, Inc. | 2.47% | 38.1 | 23.1 | 3.8 | — | 1.01% |
| DOCU | DocuSign, Inc. | 2.46% | 45.5 | 15.1 | 4.2 | — | 0.84% |
| DOCS | Doximity, Inc. | 2.37% | 36.4 | 19.8 | 8.4 | — | 1.01% |
| QLYS | Qualys, Inc. | 2.33% | 31.4 | 21.9 | 9.1 | — | 1.16% |
| APPF | AppFolio, Inc. | 2.32% | 48.3 | 128.2 | 7.2 | — | 0.75% |
| KNSL | Kinsale Capital Group, Inc. | 2.22% | 14.8 | 15.1 | 4.2 | 0.27% | 2.34% |
| EXEL | Exelixis, Inc. | 2.21% | 19.6 | 13.6 | 6.3 | — | 1.76% |
| THC | Tenet Healthcare Corporation | 2.13% | 10.5 | 12.5 | 1.0 | — | 3.16% |
| FTI | TechnipFMC plc | 2.06% | 24.3 | 21.3 | 2.6 | 0.29% | 1.33% |
| HL | Hecla Mining Company | 2.06% | 19.9 | 21.0 | 5.9 | 0.10% | 1.62% |
| MANH | Manhattan Associates, Inc. | 2.06% | 63.8 | 40.3 | 11.5 | — | 0.50% |
| EXLS | ExlService Holdings, Inc. | 1.99% | 25.0 | 13.6 | 2.7 | — | 1.24% |
| GMED | Globus Medical, Inc. | 1.97% | 19.7 | 13.9 | 3.3 | — | 1.56% |
| LNTH | Lantheus Holdings, Inc. | 1.89% | 24.1 | 14.3 | 4.2 | — | 1.22% |
| VAL | Valaris Limited | 1.83% | 6.4 | 29.1 | 2.8 | — | 4.42% |
| MORN | Morningstar, Inc. | 1.72% | 19.7 | 19.8 | 3.0 | 0.96% | 1.36% |
| TTEK | Tetra Tech, Inc. | 1.71% | 20.9 | 19.9 | 2.0 | 0.83% | 1.27% |
| RGA | Reinsurance Group of America, Incorporated | 1.62% | 11.7 | 7.7 | 0.7 | 1.47% | 2.15% |
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 GRPM valuation
Adding up its 60 holdings with company data, GRPM trades at 15.6 times trailing earnings and 13.8 times analysts' forward estimates, with a price-to-book ratio of 3.64 and a dividend yield of 0.70%. Its earnings yield of 6.42% is 1.09 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 27.4% of the fund and earn 21.1% of its combined profit. By sector, Technology is the most expensive at 28.0 times earnings and Financial Services the cheapest at 10.4. 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 99.99% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: GRPM chart, GRPM performance, GRPM holdings, GRPM dividends.
GRPM valuation FAQ
What is the P/E ratio of GRPM?
Based on its holdings, GRPM has a trailing P/E of 15.6 and a forward P/E of 13.8 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of GRPM?
The trailing earnings yield is 6.42% (1 ÷ P/E) and the forward earnings yield 7.24%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is GRPM more expensive than the S&P 500?
GRPM trades at 15.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 13.8 and 19.9.
What is the price-to-book ratio of GRPM?
The holdings of GRPM trade at 3.64 times book value, with a combined return on equity of 23.3%.
Which sector in GRPM has the highest P/E?
Technology has the highest P/E at 28.0 and Financial Services the lowest at 10.4.