iShares Expanded Tech Sector ETF (IGM) Valuation
IGM valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 35.5 trailing earnings
- Forward P/E
- 22.4 analyst estimates
- Price / sales
- 7.66
- Price / book
- 9.78
- EV / EBITDA
- 22.5
- Earnings yield
- 2.81% inverse of P/E
- Dividend yield
- 0.48% of the holdings
- Return on equity
- 27.5% combined
- Net margin
- 21.6% combined
- Beta
- 1.51 weighted, vs S&P 500
IGM valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| IGM | 35.5 | 22.4 | 7.66 | 9.78 | 0.48% | 27.5% | 21.6% | 5.8% |
| 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.
IGM valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 83.8% | 39.8 | 22.5 | 7.58 | 10.58 | 0.53% | 26.6% |
| Communication Services | 15.4% | 20.6 | 21.6 | 8.15 | 7.22 | 0.24% | 35.1% |
| Financial Services | 0.2% | n/m | 58.3 | 10.64 | 3.41 | 0.01% | −69.3% |
| Industrials | 0.1% | n/m | 14.9 | 3.63 | 2.92 | 0.65% | −1.4% |
| Consumer Cyclical | 0.0% | n/m | 6.8 | 4.19 | 4.31 | 0.00% | −29.2% |
| Basic Materials | 0.0% | n/m | — | 2,445.72 | 7.80 | 0.00% | −33.4% |
IGM 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 IGM weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
IGM largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 9.61% | 39.4 | 35.2 | 10.7 | 0.31% | 8.70% |
| MSFT | Microsoft Corporation | 9.36% | 29.5 | 25.1 | 11.8 | 0.74% | 11.32% |
| NVDA | NVIDIA Corporation | 8.32% | 27.1 | 24.9 | 17.1 | 0.47% | 10.96% |
| AVGO | Broadcom Inc. | 6.79% | 43.3 | 19.4 | 17.6 | 0.79% | 5.59% |
| GOOGL | Alphabet Inc. | 4.79% | 17.1 | 22.8 | 9.3 | 0.26% | 10.00% |
| META | Meta Platforms, Inc. | 4.67% | 26.7 | 22.1 | 7.9 | 0.30% | 6.24% |
| AMD | Advanced Micro Devices, Inc. | 4.02% | 134.9 | 39.5 | 20.9 | — | 1.06% |
| MU | Micron Technology, Inc. | 3.80% | 11.8 | 7.0 | 7.5 | 0.07% | 11.47% |
| GOOG | Alphabet Inc. | 3.73% | 16.9 | 21.8 | 9.2 | 0.26% | 7.88% |
| INTC | Intel Corporation | 2.13% | — | 63.3 | 8.3 | — | −1.79% |
| PLTR | Palantir Technologies Inc. | 2.04% | 160.4 | 85.5 | 72.6 | — | 0.45% |
| CSCO | Cisco Systems, Inc. | 1.97% | 32.2 | 19.8 | 6.7 | 1.56% | 2.17% |
| LRCX | Lam Research Corporation | 1.49% | 45.8 | 33.7 | 14.2 | 0.50% | 1.16% |
| AMAT | Applied Materials, Inc. | 1.43% | 35.3 | 23.4 | 10.5 | 0.52% | 1.44% |
| NFLX | Netflix, Inc. | 1.29% | 22.2 | 18.7 | 6.1 | — | 2.08% |
| PANW | Palo Alto Networks, Inc. | 1.27% | 855.0 | 94.3 | 24.4 | — | 0.05% |
| TXN | Texas Instruments Incorporated | 1.17% | 42.1 | 27.5 | 13.0 | 2.20% | 0.99% |
| ORCL | Oracle Corporation | 1.06% | 20.1 | 17.8 | 5.4 | 1.56% | 1.89% |
| CRWD | CrowdStrike Holdings, Inc. | 1.05% | — | 208.3 | 43.1 | — | 0.01% |
| IBM | International Business Machines Corporation | 1.04% | 20.6 | 17.4 | 3.2 | 2.91% | 1.81% |
| KLAC | KLA Corporation | 0.99% | 45.3 | 34.8 | 15.9 | 0.56% | 0.78% |
| SHOP | Shopify Inc. | 0.98% | 114.5 | 58.8 | 16.6 | — | 0.31% |
| MRVL | Marvell Technology, Inc. | 0.95% | 72.3 | 62.1 | 21.7 | 0.11% | 0.47% |
| SNDK | Sandisk Corporation | 0.95% | 17.6 | 8.0 | 9.3 | — | 1.93% |
| ANET | Arista Networks, Inc. | 0.88% | 55.8 | 39.2 | 21.2 | — | 0.56% |
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 IGM valuation
Adding up its 293 holdings with company data, IGM trades at 35.5 times trailing earnings and 22.4 times analysts' forward estimates, with a price-to-book ratio of 9.78 and a dividend yield of 0.48%. Its earnings yield of 2.81% is 2.51 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 57.2% of the fund and earn 71.4% of its combined profit. By sector, Technology is the most expensive at 39.8 times earnings and Communication Services the cheapest at 20.6. Companies that lost money over the past year are 5.8% 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: IGM chart, IGM performance, IGM holdings, IGM dividends.
IGM valuation FAQ
What is the P/E ratio of IGM?
Based on its holdings, IGM has a trailing P/E of 35.5 and a forward P/E of 22.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of IGM?
The trailing earnings yield is 2.81% (1 ÷ P/E) and the forward earnings yield 4.47%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is IGM more expensive than the S&P 500?
IGM trades at 35.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 22.4 and 19.9.
What is the price-to-book ratio of IGM?
The holdings of IGM trade at 9.78 times book value, with a combined return on equity of 27.5%.
Which sector in IGM has the highest P/E?
Technology has the highest P/E at 39.8 and Communication Services the lowest at 20.6.