iShares Defense Industrials Active ETF (IDEF) Valuation
IDEF valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 43.3 trailing earnings
- Forward P/E
- 24.1 analyst estimates
- Price / sales
- 2.51
- Price / book
- 5.37
- EV / EBITDA
- 20.5
- Earnings yield
- 2.31% inverse of P/E
- Dividend yield
- 0.79% of the holdings
- Return on equity
- 12.4% combined
- Net margin
- 5.8% combined
- Beta
- 0.89 weighted, vs S&P 500
IDEF valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| IDEF | 43.3 | 24.1 | 2.51 | 5.37 | 0.79% | 12.4% | 5.8% | 14.0% |
| 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.
IDEF valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Industrials | 78.6% | 37.4 | 22.9 | 2.21 | 5.10 | 1.01% | 13.6% |
| Technology | 17.1% | 69.3 | 28.3 | 3.73 | 6.54 | 0.25% | 9.4% |
| Basic Materials | 1.5% | n/m | 24.2 | 5.45 | 4.25 | 0.36% | −11.2% |
| Consumer Cyclical | 1.2% | 26.9 | 23.3 | 2.82 | 4.15 | 0.29% | 15.4% |
| Energy | 0.3% | 17.4 | 24.0 | 2.03 | 4.43 | 0.05% | 25.5% |
| Communication Services | 0.3% | 49.7 | 24.5 | 5.25 | 10.83 | 1.37% | 21.8% |
| Utilities | 0.0% | n/m | — | 4,299.93 | 2.21 | 0.00% | −7.4% |
IDEF 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 IDEF weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
IDEF largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| RTX | RTX Corporation | 7.05% | 34.1 | 24.6 | 2.8 | 1.51% | 13.94% |
| LMT | Lockheed Martin Corporation | 4.77% | 20.3 | 16.2 | 1.7 | 2.61% | 15.83% |
| GD | General Dynamics Corporation | 4.00% | 21.0 | 18.5 | 1.7 | 1.85% | 12.86% |
| NOC | Northrop Grumman Corporation | 3.80% | 16.5 | 17.0 | 1.7 | 1.90% | 15.54% |
| BA | The Boeing Company | 3.79% | 67.9 | 49.5 | 1.6 | — | 3.77% |
| RR | Rolls-Royce Holdings PLC | 3.20% | — | — | — | — | — |
| SPCX | Space Exploration Technologies Corp. | 3.07% | — | 200.0 | 83.5 | — | −0.91% |
| PLTR | Palantir Technologies Inc. | 2.81% | 160.4 | 85.5 | 72.6 | — | 1.18% |
| AIR | Airbus Group SE | 2.31% | — | — | — | — | — |
| HO | Thales S.A. | 2.15% | — | — | — | — | — |
| GE | GE Aerospace | 1.79% | 37.0 | 35.3 | 6.4 | 0.60% | 3.27% |
| SAAB-B | Saab AB (publ) | 1.79% | — | — | — | — | — |
| 7011 | Mitsubishi Heavy Industries Ltd. | 1.71% | — | — | — | — | — |
| LDO | Leonardo S.p.A. | 1.65% | — | — | — | — | — |
| 6503 | Mitsubishi Electric Corp | 1.44% | — | — | — | — | — |
| MSFT | Microsoft Corporation | 1.37% | 29.5 | 25.1 | 11.8 | 0.74% | 3.14% |
| PANW | Palo Alto Networks, Inc. | 1.25% | 855.0 | 94.3 | 24.4 | — | 0.10% |
| CRWD | CrowdStrike Holdings, Inc. | 1.15% | — | 208.3 | 43.1 | — | 0.02% |
| SAF | Safran SA | 1.12% | — | — | — | — | — |
| ESLT | Elbit Systems Ltd. | 1.08% | 56.8 | 9.7 | 4.1 | 0.53% | 1.29% |
| RHM | Rheinmetall AG | 1.08% | — | — | — | — | — |
| 012450 | Hanwha Aerospace Co Ltd | 1.07% | — | — | — | — | — |
| APH | Amphenol Corporation | 1.06% | 39.7 | 24.6 | 6.7 | 0.63% | 1.80% |
| 272210 | Hanwha Systems Co Ltd | 1.06% | — | — | — | — | — |
| TDG | TransDigm Group Incorporated | 1.02% | 34.6 | 23.1 | 6.3 | — | 2.00% |
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 IDEF valuation
Adding up its 97 holdings with company data, IDEF trades at 43.3 times trailing earnings and 24.1 times analysts' forward estimates, with a price-to-book ratio of 5.37 and a dividend yield of 0.79%. Its earnings yield of 2.31% is 3.02 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 36.9% of the fund and earn 68.7% of its combined profit. By sector, Technology is the most expensive at 69.3 times earnings and Energy the cheapest at 17.4. Companies that lost money over the past year are 14.0% 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 64.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: IDEF chart, IDEF performance, IDEF holdings, IDEF dividends.
IDEF valuation FAQ
What is the P/E ratio of IDEF?
Based on its holdings, IDEF has a trailing P/E of 43.3 and a forward P/E of 24.1 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of IDEF?
The trailing earnings yield is 2.31% (1 ÷ P/E) and the forward earnings yield 4.15%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is IDEF more expensive than the S&P 500?
IDEF trades at 43.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 24.1 and 19.9.
What is the price-to-book ratio of IDEF?
The holdings of IDEF trade at 5.37 times book value, with a combined return on equity of 12.4%.
Which sector in IDEF has the highest P/E?
Technology has the highest P/E at 69.3 and Energy the lowest at 17.4.