iShares Cohen & Steers REIT ETF (ICF) Valuation
ICF valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 30.0 trailing earnings
- Forward P/E
- 31.7 analyst estimates
- Price / sales
- 8.14
- Price / book
- 3.25
- EV / EBITDA
- 18.5
- Earnings yield
- 3.33% inverse of P/E
- Dividend yield
- 3.76% of the holdings
- Return on equity
- 10.8% combined
- Net margin
- 27.1% combined
- Beta
- 0.93 weighted, vs S&P 500
ICF valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| ICF | 30.0 | 31.7 | 8.14 | 3.25 | 3.76% | 10.8% | 27.1% | 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.
ICF valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Real Estate | 99.4% | 30.0 | 31.7 | 8.14 | 3.25 | 3.76% | 10.8% |
ICF 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 ICF weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
ICF largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| WELL | Welltower Inc. | 8.13% | 105.3 | 78.1 | 13.3 | 1.45% | 2.33% |
| PLD | Prologis, Inc. | 7.84% | 27.7 | 29.2 | 12.4 | 3.40% | 8.54% |
| EQIX | Equinix, Inc. | 7.48% | 63.4 | 52.1 | 9.8 | 2.09% | 3.56% |
| AMT | American Tower Corporation | 7.28% | 25.5 | 24.6 | 7.9 | 3.86% | 8.62% |
| SPG | Simon Property Group, Inc. | 5.86% | 14.5 | 30.7 | 11.2 | 4.33% | 12.19% |
| VMRK | Vivmark Residential | 4.79% | 23.5 | 36.1 | 15.3 | 4.59% | 6.16% |
| VTR | Ventas, Inc. | 4.61% | 159.0 | 128.2 | 6.9 | 2.42% | 0.87% |
| PSA | Public Storage | 4.51% | 28.5 | 27.2 | 11.4 | 4.02% | 4.78% |
| O | Realty Income Corporation | 4.19% | 40.6 | 33.7 | 8.7 | 5.81% | 3.11% |
| DLR | Digital Realty Trust, Inc. | 4.02% | 85.4 | 66.2 | 9.8 | 2.77% | 1.42% |
| CCI | Crown Castle Inc. | 3.64% | 33.4 | 21.2 | 8.4 | 5.17% | 3.28% |
| IRM | Iron Mountain Incorporated | 3.40% | 80.4 | 58.5 | 4.4 | 3.07% | 1.28% |
| EXR | Extra Space Storage Inc. | 3.10% | 30.8 | 29.0 | 8.8 | 4.64% | 3.04% |
| VICI | VICI Properties Inc. | 2.84% | 9.2 | 7.8 | 6.3 | 7.80% | 9.34% |
| SBAC | SBA Communications Corporation | 2.23% | 20.2 | 19.4 | 6.9 | 2.67% | 3.34% |
| HST | Host Hotels & Resorts, Inc. | 2.20% | 16.2 | 22.2 | 2.7 | 3.34% | 4.10% |
| ESS | Essex Property Trust, Inc. | 2.11% | 41.9 | 43.9 | 9.4 | 3.85% | 1.52% |
| KIM | Kimco Realty Corporation | 2.06% | 27.0 | 27.5 | 7.0 | 4.89% | 2.30% |
| SUI | Sun Communities, Inc. | 1.93% | 89.5 | 33.8 | 6.5 | 3.79% | 0.65% |
| INVH | Invitation Homes Inc. | 1.85% | 24.8 | 30.4 | 5.6 | 4.43% | 2.25% |
| MAA | Mid-America Apartment Communities, Inc. | 1.83% | 34.1 | 33.6 | 6.3 | 5.25% | 1.62% |
| LAMR | Lamar Advertising Company | 1.73% | 27.4 | 29.5 | 6.6 | 4.40% | 1.91% |
| REG | Regency Centers Corporation | 1.71% | 24.7 | 28.9 | 8.1 | 4.12% | 2.10% |
| ELS | Equity LifeStyle Properties, Inc. | 1.55% | 29.6 | 28.6 | 7.8 | 3.55% | 1.58% |
| UDR | UDR, Inc. | 1.53% | 21.7 | 51.5 | 7.1 | 5.08% | 2.13% |
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 ICF valuation
Adding up its 30 holdings with company data, ICF trades at 30.0 times trailing earnings and 31.7 times analysts' forward estimates, with a price-to-book ratio of 3.25 and a dividend yield of 3.76%. Its earnings yield of 3.33% is 1.99 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 58.7% of the fund and earn 51.6% of its combined profit. 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 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: ICF chart, ICF performance, ICF holdings, ICF dividends.
ICF valuation FAQ
What is the P/E ratio of ICF?
Based on its holdings, ICF has a trailing P/E of 30.0 and a forward P/E of 31.7 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of ICF?
The trailing earnings yield is 3.33% (1 ÷ P/E) and the forward earnings yield 3.15%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is ICF more expensive than the S&P 500?
ICF trades at 30.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 31.7 and 19.9.
What is the price-to-book ratio of ICF?
The holdings of ICF trade at 3.25 times book value, with a combined return on equity of 10.8%.