iShares U.S. Healthcare Providers ETF (IHF) Valuation
IHF valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 34.8 trailing earnings
- Forward P/E
- 14.8 analyst estimates
- Price / sales
- 0.57
- Price / book
- 2.66
- EV / EBITDA
- 11.5
- Earnings yield
- 2.88% inverse of P/E
- Dividend yield
- 1.29% of the holdings
- Return on equity
- 7.6% combined
- Net margin
- 1.6% combined
- Beta
- 0.80 weighted, vs S&P 500
IHF valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| IHF | 34.8 | 14.8 | 0.57 | 2.66 | 1.29% | 7.6% | 1.6% | 11.3% |
| 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.
IHF valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Healthcare | 98.8% | 34.8 | 14.7 | 0.57 | 2.65 | 1.30% | 7.6% |
| Financial Services | 0.3% | 35.6 | 23.8 | 4.09 | 9.10 | 0.00% | 25.6% |
IHF 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 IHF weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
IHF largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| UNH | UnitedHealth Group Incorporated | 21.63% | 25.8 | 16.6 | 0.8 | 2.31% | 29.38% |
| CVS | CVS Health Corporation | 11.81% | 24.3 | 10.7 | 0.3 | 2.88% | 17.05% |
| ELV | Elevance Health Inc. | 10.16% | 19.0 | 13.7 | 0.5 | 1.61% | 18.79% |
| VEEV | Veeva Systems Inc. | 5.14% | 50.9 | 30.2 | 14.5 | — | 3.54% |
| CI | Cigna Corporation | 4.68% | 12.5 | 8.3 | 0.3 | 2.06% | 13.13% |
| HCA | HCA Healthcare, Inc. | 4.48% | 15.4 | 13.9 | 1.3 | 0.68% | 10.21% |
| CNC | Centene Corporation | 4.35% | — | 11.2 | 0.2 | — | −23.04% |
| HUM | Humana Inc. | 4.30% | 39.1 | 24.3 | 0.3 | 0.86% | 3.86% |
| DGX | Quest Diagnostics Incorporated | 3.39% | 24.6 | 19.5 | 2.2 | 1.46% | 4.83% |
| LH | Laboratory Corporation of America Holdings | 3.35% | 26.3 | 16.2 | 1.8 | 0.91% | 4.47% |
| GH | Guardant Health, Inc. | 2.68% | — | — | 18.0 | — | −2.07% |
| THC | Tenet Healthcare Corporation | 2.57% | 10.5 | 12.5 | 1.0 | — | 8.58% |
| EHC | Encompass Health Corporation | 1.49% | 21.4 | 18.9 | 2.0 | 0.66% | 2.44% |
| MOH | Molina Healthcare, Inc. | 1.37% | — | 18.9 | 0.3 | — | 0.02% |
| BTSG | BrightSpring Health Services, Inc. | 1.29% | 53.9 | 22.2 | 0.8 | — | 0.84% |
| ENSG | The Ensign Group, Inc. | 1.22% | 27.7 | 20.7 | 1.9 | 0.15% | 1.54% |
| UHS | Universal Health Services, Inc. | 1.17% | 7.6 | 7.3 | 0.6 | 0.43% | 5.37% |
| HQY | HealthEquity, Inc. | 1.03% | 33.2 | 19.7 | 5.6 | — | 1.09% |
| HNGE | Hinge Health, Inc. | 0.80% | 32.7 | 33.0 | 11.1 | — | 0.85% |
| DVA | DaVita Inc. | 0.79% | 15.8 | 10.0 | 0.9 | — | 1.74% |
| CHE | Chemed Corporation | 0.78% | 25.8 | 18.2 | 2.6 | 0.55% | 1.07% |
| HIMS | Hims & Hers Health, Inc. | 0.74% | — | 73.5 | 2.5 | — | −0.57% |
| RDNT | RadNet, Inc. | 0.61% | — | 36.6 | 2.4 | — | −0.08% |
| CON | Concentra Group Holdings Parent, Inc. | 0.60% | 24.9 | 18.0 | 2.1 | 0.65% | 0.85% |
| OPCH | Option Care Health, Inc. | 0.58% | 23.6 | 11.2 | 0.8 | — | 0.87% |
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 IHF valuation
Adding up its 61 holdings with company data, IHF trades at 34.8 times trailing earnings and 14.8 times analysts' forward estimates, with a price-to-book ratio of 2.66 and a dividend yield of 1.29%. Its earnings yield of 2.88% is 2.45 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 73.3% of the fund and earn 82.2% of its combined profit. By sector, Financial Services is the most expensive at 35.6 times earnings and Healthcare the cheapest at 34.8. Companies that lost money over the past year are 11.3% 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: IHF chart, IHF performance, IHF holdings, IHF dividends.
IHF valuation FAQ
What is the P/E ratio of IHF?
Based on its holdings, IHF has a trailing P/E of 34.8 and a forward P/E of 14.8 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of IHF?
The trailing earnings yield is 2.88% (1 ÷ P/E) and the forward earnings yield 6.77%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is IHF more expensive than the S&P 500?
IHF trades at 34.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 14.8 and 19.9.
What is the price-to-book ratio of IHF?
The holdings of IHF trade at 2.66 times book value, with a combined return on equity of 7.6%.
Which sector in IHF has the highest P/E?
Financial Services has the highest P/E at 35.6 and Healthcare the lowest at 34.8.