Invesco Exchange-Traded Fund Trust II (GRPZ) Valuation
GRPZ valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 14.9 trailing earnings
- Forward P/E
- 13.0 analyst estimates
- Price / sales
- 1.85
- Price / book
- 2.31
- EV / EBITDA
- 10.9
- Earnings yield
- 6.72% inverse of P/E
- Dividend yield
- 0.96% of the holdings
- Return on equity
- 15.5% combined
- Net margin
- 12.4% combined
- Beta
- 1.15 weighted, vs S&P 500
GRPZ valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| GRPZ | 14.9 | 13.0 | 1.85 | 2.31 | 0.96% | 15.5% | 12.4% | 1.7% |
| 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.
GRPZ valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 27.9% | 10.4 | 10.7 | 1.89 | 1.73 | 1.34% | 16.5% |
| Healthcare | 18.4% | 15.3 | 16.1 | 2.43 | 3.07 | 0.15% | 20.0% |
| Technology | 14.7% | 66.7 | 11.6 | 2.14 | 3.59 | 0.35% | 5.4% |
| Consumer Defensive | 9.8% | 17.7 | 14.8 | 1.92 | 2.07 | 1.34% | 11.7% |
| Industrials | 9.7% | 17.8 | 15.8 | 1.63 | 3.03 | 0.75% | 17.0% |
| Consumer Cyclical | 8.4% | 17.6 | 15.2 | 1.75 | 3.27 | 0.04% | 18.6% |
| Energy | 3.9% | 13.5 | 26.5 | 1.41 | 2.23 | 0.35% | 16.6% |
| Communication Services | 3.5% | 10.9 | 8.0 | 0.83 | 1.93 | 0.00% | 17.7% |
| Real Estate | 3.1% | 7.3 | 23.8 | 1.72 | 1.07 | 9.07% | 14.6% |
GRPZ 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 GRPZ weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
GRPZ largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| INSP | Inspire Medical Systems, Inc. | 2.49% | 15.2 | 59.2 | 2.2 | — | 2.51% |
| ADMA | ADMA Biologics, Inc. | 2.12% | 15.3 | 9.8 | 4.7 | — | 2.12% |
| PLMR | Palomar Holdings, Inc. | 1.98% | 18.8 | — | 3.4 | 1.29% | 1.61% |
| DAVE | Dave Inc. | 1.97% | 23.7 | 16.9 | 7.3 | — | 1.27% |
| PAYC | Paycom Software, Inc. | 1.92% | 26.6 | 16.7 | 5.3 | 0.60% | 1.10% |
| MRP | Millrose Properties, Inc. | 1.83% | 7.8 | — | 4.9 | 14.04% | 3.56% |
| TGTX | TG Therapeutics, Inc. | 1.82% | 19.6 | 25.9 | 10.3 | — | 1.42% |
| SEZL | Sezzle Inc. | 1.78% | 28.0 | 17.1 | 8.1 | — | 0.97% |
| TDW | Tidewater Inc. | 1.73% | 16.2 | 36.4 | 2.9 | — | 1.63% |
| QNST | QuinStreet, Inc | 1.68% | 11.7 | 8.4 | 0.7 | — | 2.21% |
| FRPT | Freshpet, Inc. | 1.67% | 17.6 | 29.5 | 2.7 | — | 1.46% |
| GTM | ZoomInfo Technologies Inc. | 1.62% | — | 3.5 | 0.9 | — | −11.90% |
| TMDX | TransMedics Group, Inc. | 1.57% | 18.3 | 37.3 | 3.7 | — | 1.31% |
| SKYW | SkyWest, Inc. | 1.54% | 9.1 | 9.5 | 0.9 | — | 2.58% |
| SPNT | SiriusPoint Ltd. | 1.48% | 6.2 | 9.2 | 1.0 | — | 3.66% |
| UFCS | United Fire Group, Inc. | 1.46% | 10.5 | 14.1 | 1.0 | 1.42% | 2.14% |
| CVSA | Covista Inc. | 1.37% | 16.9 | 13.6 | 2.2 | — | 1.24% |
| HCI | HCI Group, Inc. | 1.36% | 8.6 | 8.9 | 2.6 | 0.81% | 2.44% |
| CALM | Cal-Maine Foods, Inc. | 1.36% | 51.7 | 19.8 | 1.2 | 3.85% | 0.40% |
| NHC | National HealthCare Corporation | 1.34% | 27.0 | 9.9 | 2.4 | 1.10% | 0.76% |
| UFPT | UFP Technologies, Inc. | 1.34% | 31.5 | 21.8 | 3.6 | — | 0.65% |
| MC | Moelis & Company | 1.30% | 19.0 | 13.4 | 2.6 | 4.77% | 1.05% |
| PGNY | Progyny, Inc. | 1.29% | 29.2 | 11.8 | 1.6 | — | 0.68% |
| FTDR | Frontdoor, Inc. | 1.29% | 20.8 | 14.5 | 2.5 | — | 0.94% |
| ITRI | Itron, Inc. | 1.28% | 13.9 | 13.4 | 1.6 | — | 1.41% |
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 GRPZ valuation
Adding up its 84 holdings with company data, GRPZ trades at 14.9 times trailing earnings and 13.0 times analysts' forward estimates, with a price-to-book ratio of 2.31 and a dividend yield of 0.96%. Its earnings yield of 6.72% is 1.39 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 19.3% of the fund and earn 18.4% of its combined profit. By sector, Technology is the most expensive at 66.7 times earnings and Real Estate the cheapest at 7.3. Companies that lost money over the past year are 1.7% 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 97.8% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: GRPZ chart, GRPZ performance, GRPZ holdings, GRPZ dividends.
GRPZ valuation FAQ
What is the P/E ratio of GRPZ?
Based on its holdings, GRPZ has a trailing P/E of 14.9 and a forward P/E of 13.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of GRPZ?
The trailing earnings yield is 6.72% (1 ÷ P/E) and the forward earnings yield 7.67%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is GRPZ more expensive than the S&P 500?
GRPZ trades at 14.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 13.0 and 19.9.
What is the price-to-book ratio of GRPZ?
The holdings of GRPZ trade at 2.31 times book value, with a combined return on equity of 15.5%.
Which sector in GRPZ has the highest P/E?
Technology has the highest P/E at 66.7 and Real Estate the lowest at 7.3.