iShares Evolved U.S. Technology ETF (IETC) Valuation
IETC valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 33.1 trailing earnings
- Forward P/E
- 22.0 analyst estimates
- Price / sales
- 8.12
- Price / book
- 10.48
- EV / EBITDA
- 24.3
- Earnings yield
- 3.02% inverse of P/E
- Dividend yield
- 0.48% of the holdings
- Return on equity
- 31.7% combined
- Net margin
- 24.6% combined
- Beta
- 1.61 weighted, vs S&P 500
IETC valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| IETC | 33.1 | 22.0 | 8.12 | 10.48 | 0.48% | 31.7% | 24.6% | 3.4% |
| 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.
IETC valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 82.3% | 36.1 | 21.7 | 9.22 | 12.31 | 0.49% | 34.1% |
| Communication Services | 8.4% | 20.0 | 21.8 | 8.03 | 6.86 | 0.29% | 34.3% |
| Financial Services | 3.3% | 27.9 | 21.9 | 9.64 | 5.40 | 0.97% | 19.4% |
| Consumer Cyclical | 3.3% | 21.2 | 24.1 | 3.48 | 5.03 | 0.00% | 23.8% |
| Industrials | 1.7% | 57.9 | 39.4 | 1.95 | 22.05 | 0.19% | 38.1% |
| Real Estate | 0.6% | 99.6 | 32.7 | 5.30 | 2.53 | 1.72% | 2.5% |
| Healthcare | 0.2% | 38.3 | 18.5 | 2.69 | 6.53 | 0.00% | 17.0% |
IETC 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 IETC weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
IETC largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 14.06% | 27.1 | 24.9 | 17.1 | 0.47% | 17.22% |
| AVGO | Broadcom Inc. | 7.29% | 43.3 | 19.4 | 17.6 | 0.79% | 5.58% |
| AMD | Advanced Micro Devices, Inc. | 5.56% | 134.9 | 39.5 | 20.9 | — | 1.37% |
| MU | Micron Technology, Inc. | 4.95% | 11.8 | 7.0 | 7.5 | 0.07% | 13.90% |
| AAPL | Apple Inc. | 4.17% | 39.4 | 35.2 | 10.7 | 0.31% | 3.51% |
| AMZN | Amazon.com, Inc. | 3.04% | 20.1 | 23.6 | 3.5 | — | 5.02% |
| PLTR | Palantir Technologies Inc. | 3.00% | 160.4 | 85.5 | 72.6 | — | 0.62% |
| GOOGL | Alphabet Inc. | 2.96% | 17.1 | 22.8 | 9.3 | 0.26% | 5.75% |
| META | Meta Platforms, Inc. | 2.54% | 26.7 | 22.1 | 7.9 | 0.30% | 3.15% |
| GOOG | Alphabet Inc. | 2.49% | 16.9 | 21.8 | 9.2 | 0.26% | 4.89% |
| LRCX | Lam Research Corporation | 2.33% | 45.8 | 33.7 | 14.2 | 0.50% | 1.69% |
| MSFT | Microsoft Corporation | 2.14% | 29.5 | 25.1 | 11.8 | 0.74% | 2.41% |
| ANET | Arista Networks, Inc. | 2.10% | 55.8 | 39.2 | 21.2 | — | 1.24% |
| CSCO | Cisco Systems, Inc. | 2.10% | 32.2 | 19.8 | 6.7 | 1.56% | 2.15% |
| ORCL | Oracle Corporation | 1.93% | 20.1 | 17.8 | 5.4 | 1.56% | 3.19% |
| FTNT | Fortinet, Inc. | 1.88% | 59.8 | 45.0 | 16.5 | — | 1.05% |
| IBM | International Business Machines Corporation | 1.77% | 20.6 | 17.4 | 3.2 | 2.91% | 2.84% |
| VRSN | VeriSign, Inc. | 1.74% | 32.7 | 27.0 | 16.0 | 1.07% | 1.77% |
| SNDK | Sandisk Corporation | 1.66% | 17.6 | 8.0 | 9.3 | — | 3.13% |
| ICE | Intercontinental Exchange, Inc. | 1.55% | 22.8 | 18.1 | 8.6 | 1.29% | 2.25% |
| MRVL | Marvell Technology, Inc. | 1.46% | 72.3 | 62.1 | 21.7 | 0.11% | 0.67% |
| MCO | Moody's Corporation | 1.45% | 30.8 | 24.3 | 10.3 | 0.85% | 1.56% |
| CRWD | CrowdStrike Holdings, Inc. | 1.43% | — | 208.3 | 43.1 | — | 0.01% |
| AMAT | Applied Materials, Inc. | 1.39% | 35.3 | 23.4 | 10.5 | 0.52% | 1.31% |
| INTC | Intel Corporation | 1.37% | — | 63.3 | 8.3 | — | −1.07% |
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 IETC valuation
Adding up its 108 holdings with company data, IETC trades at 33.1 times trailing earnings and 22.0 times analysts' forward estimates, with a price-to-book ratio of 10.48 and a dividend yield of 0.48%. Its earnings yield of 3.02% is 2.30 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 50.1% of the fund and earn 61.0% of its combined profit. By sector, Real Estate is the most expensive at 99.6 times earnings and Communication Services the cheapest at 20.0. Companies that lost money over the past year are 3.4% 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: IETC chart, IETC performance, IETC holdings, IETC dividends.
IETC valuation FAQ
What is the P/E ratio of IETC?
Based on its holdings, IETC has a trailing P/E of 33.1 and a forward P/E of 22.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of IETC?
The trailing earnings yield is 3.02% (1 ÷ P/E) and the forward earnings yield 4.55%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is IETC more expensive than the S&P 500?
IETC trades at 33.1 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 22.0 and 19.9.
What is the price-to-book ratio of IETC?
The holdings of IETC trade at 10.48 times book value, with a combined return on equity of 31.7%.
Which sector in IETC has the highest P/E?
Real Estate has the highest P/E at 99.6 and Communication Services the lowest at 20.0.