iShares Expanded Tech-Software Sector ETF (IGV) Valuation
IGV valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 193.9 trailing earnings
- Forward P/E
- 24.2 analyst estimates
- Price / sales
- 8.32
- Price / book
- 7.73
- EV / EBITDA
- 26.9
- Earnings yield
- 0.52% inverse of P/E
- Dividend yield
- 0.30% of the holdings
- Return on equity
- 4.0% combined
- Net margin
- 4.3% combined
- Beta
- 1.32 weighted, vs S&P 500
IGV valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| IGV | 193.9 | 24.2 | 8.32 | 7.73 | 0.30% | 4.0% | 4.3% | 10.9% |
| 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.
IGV valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 93.7% | 120.2 | 24.5 | 8.33 | 7.78 | 0.31% | 6.5% |
| Communication Services | 3.9% | 36.7 | 16.7 | 7.27 | 16.62 | 0.00% | 45.3% |
| Financial Services | 1.8% | n/m | 58.5 | 10.46 | 3.43 | 0.01% | −69.1% |
| Consumer Cyclical | 0.2% | n/m | — | 1,946.03 | 6.49 | 0.00% | −52.4% |
| Industrials | 0.1% | 25.5 | 12.6 | 4.15 | 2.10 | 2.40% | 8.2% |
IGV 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 IGV weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
IGV largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| PLTR | Palantir Technologies Inc. | 9.24% | 160.4 | 85.5 | 72.6 | — | 11.21% |
| MSFT | Microsoft Corporation | 8.69% | 29.5 | 25.1 | 11.8 | 0.74% | 57.33% |
| PANW | Palo Alto Networks, Inc. | 8.03% | 855.0 | 94.3 | 24.4 | — | 1.83% |
| CRWD | CrowdStrike Holdings, Inc. | 7.86% | — | 208.3 | 43.1 | — | 0.40% |
| ORCL | Oracle Corporation | 6.18% | 20.1 | 17.8 | 5.4 | 1.56% | 59.77% |
| NOW | ServiceNow, Inc. | 4.86% | 88.7 | 27.8 | 10.0 | — | 10.65% |
| CRM | Salesforce, Inc. | 4.31% | 22.0 | 14.0 | 4.5 | 0.73% | 38.09% |
| ADBE | Adobe Inc. | 3.70% | 13.7 | 8.7 | 3.7 | — | 52.53% |
| FTNT | Fortinet, Inc. | 3.48% | 59.8 | 45.0 | 16.5 | — | 11.32% |
| INTU | Intuit Inc. | 3.44% | 19.8 | 12.7 | 4.1 | 1.70% | 33.84% |
| DDOG | Datadog, Inc. | 2.88% | 494.2 | 84.7 | 22.4 | — | 1.13% |
| SNPS | Synopsys, Inc. | 2.84% | 80.3 | 23.3 | 9.3 | — | 6.87% |
| CDNS | Cadence Design Systems, Inc. | 2.79% | 63.5 | 31.5 | 15.1 | — | 8.54% |
| APP | AppLovin Corporation | 2.51% | 20.5 | 15.4 | 13.1 | — | 23.89% |
| ADSK | Autodesk, Inc. | 1.88% | 31.1 | 17.6 | 6.4 | — | 11.74% |
| MSTR | MicroStrategy Incorporated | 1.77% | — | 6.8 | 116.3 | — | −237.44% |
| WDAY | Workday, Inc. | 1.47% | 38.9 | 17.7 | 4.5 | — | 7.34% |
| ROP | Roper Technologies, Inc. | 1.44% | 15.9 | 15.0 | 4.6 | 0.95% | 17.58% |
| TEAM | Atlassian Corporation | 1.24% | — | 36.2 | 8.0 | — | −0.15% |
| TTWO | Take-Two Interactive Software, Inc. | 1.18% | — | 28.2 | 5.7 | — | −1.94% |
| ZS | Zscaler, Inc. | 0.89% | — | 43.9 | 10.1 | — | −0.32% |
| ZM | Zoom Video Communications, Inc. | 0.85% | 8.7 | 15.1 | 5.5 | — | 18.99% |
| PTC | PTC Inc. | 0.71% | 18.7 | 16.3 | 7.1 | — | 7.36% |
| DT | Dynatrace, Inc. | 0.64% | 122.2 | 29.6 | 8.5 | — | 1.01% |
| RBRK | Rubrik, Inc. | 0.63% | — | 625.0 | 15.0 | — | −1.08% |
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 IGV valuation
Adding up its 106 holdings with company data, IGV trades at 193.9 times trailing earnings and 24.2 times analysts' forward estimates, with a price-to-book ratio of 7.73 and a dividend yield of 0.30%. Its earnings yield of 0.52% is 4.81 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 59.8% of the fund and earn 277.0% of its combined profit. By sector, Technology is the most expensive at 120.2 times earnings and Industrials the cheapest at 25.5. Companies that lost money over the past year are 10.9% 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: IGV chart, IGV performance, IGV holdings, IGV dividends.
IGV valuation FAQ
What is the P/E ratio of IGV?
Based on its holdings, IGV has a trailing P/E of 193.9 and a forward P/E of 24.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of IGV?
The trailing earnings yield is 0.52% (1 ÷ P/E) and the forward earnings yield 4.14%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is IGV more expensive than the S&P 500?
IGV trades at 193.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 24.2 and 19.9.
What is the price-to-book ratio of IGV?
The holdings of IGV trade at 7.73 times book value, with a combined return on equity of 4.0%.
Which sector in IGV has the highest P/E?
Technology has the highest P/E at 120.2 and Industrials the lowest at 25.5.