Invesco AI and Next Gen Software ETF (IGPT) Valuation
IGPT valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 39.1 trailing earnings
- Forward P/E
- 19.2 analyst estimates
- Price / sales
- 7.98
- Price / book
- 8.74
- EV / EBITDA
- 22.9
- Earnings yield
- 2.56% inverse of P/E
- Dividend yield
- 0.34% of the holdings
- Return on equity
- 22.3% combined
- Net margin
- 20.4% combined
- Beta
- 1.82 weighted, vs S&P 500
IGPT valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| IGPT | 39.1 | 19.2 | 7.98 | 8.74 | 0.34% | 22.3% | 20.4% | 9.8% |
| 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.
IGPT valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 73.5% | 49.3 | 17.6 | 7.88 | 10.43 | 0.27% | 21.2% |
| Communication Services | 18.7% | 21.6 | 21.8 | 7.91 | 6.95 | 0.26% | 32.1% |
| Healthcare | 2.9% | 50.7 | 33.4 | 11.98 | 7.71 | 0.00% | 15.2% |
| Real Estate | 2.6% | 70.3 | 56.7 | 9.83 | 4.23 | 2.35% | 6.0% |
| Industrials | 2.2% | 37.6 | 23.7 | 5.50 | 4.20 | 1.02% | 11.2% |
| Consumer Cyclical | 0.1% | n/m | — | 1,946.03 | 6.49 | 0.00% | −52.4% |
| Information Technology | 0.1% | n/m | 45.0 | 20.20 | 2.74 | 0.00% | −2.7% |
IGPT 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 IGPT weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
IGPT largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AMD | Advanced Micro Devices, Inc. | 8.91% | 134.9 | 39.5 | 20.9 | — | 3.04% |
| META | Meta Platforms, Inc. | 8.53% | 26.7 | 22.1 | 7.9 | 0.30% | 14.68% |
| GOOGL | Alphabet Inc. | 8.50% | 17.1 | 22.8 | 9.3 | 0.26% | 22.89% |
| NVDA | NVIDIA Corporation | 8.22% | 27.1 | 24.9 | 17.1 | 0.47% | 13.97% |
| MU | Micron Technology, Inc. | 7.93% | 11.8 | 7.0 | 7.5 | 0.07% | 30.84% |
| INTC | Intel Corporation | 4.11% | — | 63.3 | 8.3 | — | −4.47% |
| MRVL | Marvell Technology, Inc. | 3.47% | 72.3 | 62.1 | 21.7 | 0.11% | 2.21% |
| 2454 | MediaTek Inc | 3.47% | — | — | — | — | — |
| 000660 | SK Hynix Inc | 3.37% | — | — | — | — | — |
| SNDK | Sandisk Corporation | 3.03% | 17.6 | 8.0 | 9.3 | — | 7.92% |
| ISRG | Intuitive Surgical, Inc. | 2.80% | 48.9 | 33.3 | 13.7 | — | 2.64% |
| QCOM | QUALCOMM Incorporated | 2.50% | 19.9 | 19.6 | 4.2 | 2.14% | 5.78% |
| STX | Seagate Technology Holdings plc | 2.42% | 46.0 | 25.7 | 11.9 | 0.46% | 2.43% |
| WDC | Western Digital Corporation | 2.03% | 12.3 | 22.8 | 9.6 | 0.18% | 7.59% |
| SNOW | Snowflake Inc. | 1.88% | — | 169.5 | 19.9 | — | −0.90% |
| ADBE | Adobe Inc. | 1.79% | 13.7 | 8.7 | 3.7 | — | 6.02% |
| 6861 | Keyence | 1.75% | — | — | — | — | — |
| KI5 | Kioxia Holdings Corporation | 1.68% | — | — | — | — | — |
| EQIX | Equinix, Inc. | 1.60% | 63.4 | 52.1 | 9.8 | 2.09% | 1.16% |
| DELL | Dell Technologies Inc. | 1.34% | 26.3 | 21.3 | 1.9 | 0.56% | 2.36% |
| CDNS | Cadence Design Systems, Inc. | 1.29% | 63.5 | 31.5 | 15.1 | — | 0.94% |
| SNPS | Synopsys, Inc. | 1.06% | 80.3 | 23.3 | 9.3 | — | 0.60% |
| DLR | Digital Realty Trust, Inc. | 0.98% | 85.4 | 66.2 | 9.8 | 2.77% | 0.53% |
| MSTR | MicroStrategy Incorporated | 0.92% | — | 6.8 | 116.3 | — | −29.07% |
| HPE | Hewlett Packard Enterprise Company | 0.91% | 28.4 | 13.6 | 1.7 | 1.03% | 1.46% |
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 IGPT valuation
Adding up its 60 holdings with company data, IGPT trades at 39.1 times trailing earnings and 19.2 times analysts' forward estimates, with a price-to-book ratio of 8.74 and a dividend yield of 0.34%. Its earnings yield of 2.56% is 2.77 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 59.5% of the fund and earn 99.5% of its combined profit. By sector, Real Estate is the most expensive at 70.3 times earnings and Communication Services the cheapest at 21.6. Companies that lost money over the past year are 9.8% 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 84.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: IGPT chart, IGPT performance, IGPT holdings.
IGPT valuation FAQ
What is the P/E ratio of IGPT?
Based on its holdings, IGPT has a trailing P/E of 39.1 and a forward P/E of 19.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of IGPT?
The trailing earnings yield is 2.56% (1 ÷ P/E) and the forward earnings yield 5.20%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is IGPT more expensive than the S&P 500?
IGPT trades at 39.1 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.2 and 19.9.
What is the price-to-book ratio of IGPT?
The holdings of IGPT trade at 8.74 times book value, with a combined return on equity of 22.3%.
Which sector in IGPT has the highest P/E?
Real Estate has the highest P/E at 70.3 and Communication Services the lowest at 21.6.