iShares Morningstar Mid-Cap Growth ETF (IMCG) Valuation

NYSE: IMCGP/E, earnings yield and other ratios of the holdings combined.

IMCG valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 37.1
Forward P/E: 21.8
Price / sales: 2.79
Price / book: 5.77
EV / EBITDA: 18.3
Earnings yield: 2.69%
Dividend yield: 0.85%
Return on equity: 15.5%
Net margin: 7.5%
Beta: 1.23

IMCG valuation vs other stock ETFs

P/E (TTM)Forward P/E

IMCG valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
IMCG	37.1	21.8	2.79	5.77	0.85%	15.5%	7.5%	10.2%
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.

IMCG valuation by sector

P/E (TTM)Forward P/E

IMCG valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	24.2%	71.7	26.9	4.64	8.27	0.31%	11.5%
Industrials	23.0%	34.0	23.5	3.46	6.57	0.92%	19.3%
Financial Services	12.1%	21.2	17.1	3.58	3.57	1.16%	16.8%
Consumer Cyclical	11.2%	31.8	20.6	2.86	9.67	0.66%	30.4%
Healthcare	9.0%	64.5	24.1	0.92	6.58	0.28%	10.2%
Basic Materials	6.0%	30.3	18.4	3.10	4.24	1.11%	14.0%
Real Estate	3.6%	38.6	36.1	4.85	3.28	3.14%	8.5%
Energy	3.3%	19.0	11.9	1.90	3.91	1.49%	20.6%
Utilities	3.1%	23.7	15.5	2.78	2.70	2.28%	11.4%
Consumer Defensive	2.3%	41.5	25.4	2.89	9.29	1.06%	22.4%
Communication Services	2.1%	n/m	27.0	3.65	8.21	0.08%	−13.3%

IMCG earnings yield vs bond yields

IMCG earnings yield (forward)

4.58%

IMCG earnings yield (trailing)

2.69%

IMCG dividend yield

0.85%

Bond market yield (AGG)

5.33%

T-bill yield (BIL)

3.91%

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 IMCG weight splits by P/E

Share of the covered weight in companies with a trailing P/E in each range.

IMCG largest holdings: valuation

IMCG largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
SNOW	Snowflake Inc.	1.49%	—	169.5	19.9	—	−0.57%
FTNT	Fortinet, Inc.	1.43%	59.8	45.0	16.5	—	0.89%
NET	Cloudflare, Inc.	1.33%	—	178.6	42.0	—	−0.09%
DELL	Dell Technologies Inc.	1.31%	26.3	21.3	1.9	0.56%	1.85%
FCX	Freeport-McMoRan Inc.	1.28%	34.3	18.1	3.9	0.86%	1.39%
JCI	Johnson Controls International plc	1.21%	41.1	23.9	3.5	1.10%	1.09%
DDOG	Datadog, Inc.	1.20%	494.2	84.7	22.4	—	0.09%
MSI	Motorola Solutions, Inc.	1.10%	36.5	23.9	6.3	1.05%	1.12%
HLT	Hilton Worldwide Holdings Inc.	1.04%	50.6	28.7	15.2	0.17%	0.76%
HOOD	Robinhood Markets, Inc.	1.03%	43.6	45.0	18.0	—	0.88%
CTAS	Cintas Corporation	1.02%	42.1	36.2	7.3	0.97%	0.90%
ABNB	Airbnb, Inc.	1.01%	39.6	25.4	7.9	—	0.95%
MCO	Moody's Corporation	1.01%	30.8	24.3	10.3	0.85%	1.22%
ORLY	O'Reilly Automotive, Inc.	1.00%	28.3	23.4	3.9	—	1.31%
RCL	Royal Caribbean Cruises Ltd.	0.99%	17.1	11.4	4.0	2.16%	2.15%
CMI	Cummins Inc.	0.98%	27.2	15.4	2.1	1.66%	1.34%
ECL	Ecolab Inc.	0.97%	38.8	29.7	4.8	1.01%	0.93%
DASH	DoorDash, Inc.	0.94%	99.6	38.0	5.2	—	0.35%
MNST	Monster Beverage Corporation	0.91%	42.3	33.7	9.7	—	0.80%
CSX	CSX Corporation	0.91%	28.3	21.2	6.2	1.15%	1.20%
COR	Cencora	0.91%	25.3	15.7	0.2	0.70%	1.34%
TDG	TransDigm Group Incorporated	0.91%	34.6	23.1	6.3	—	0.98%
LITE	Lumentum Holdings Inc.	0.90%	—	42.9	24.8	—	−3.77%
BE	Bloom Energy Corporation	0.90%	291.2	57.1	20.9	—	0.11%
GWW	W.W. Grainger, Inc.	0.86%	33.9	24.8	3.3	0.75%	0.94%

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 IMCG valuation

Adding up its 259 holdings with company data, IMCG trades at 37.1 times trailing earnings and 21.8 times analysts' forward estimates, with a price-to-book ratio of 5.77 and a dividend yield of 0.85%. Its earnings yield of 2.69% is 2.63 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 12.4% of the fund and earn 7.4% of its combined profit. By sector, Technology is the most expensive at 71.7 times earnings and Energy the cheapest at 19.0. Companies that lost money over the past year are 10.2% 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.

IMCG valuation FAQ

What is the P/E ratio of IMCG?

Based on its holdings, IMCG has a trailing P/E of 37.1 and a forward P/E of 21.8 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of IMCG?

The trailing earnings yield is 2.69% (1 ÷ P/E) and the forward earnings yield 4.58%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is IMCG more expensive than the S&P 500?

IMCG trades at 37.1 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 21.8 and 19.9.

What is the price-to-book ratio of IMCG?

The holdings of IMCG trade at 5.77 times book value, with a combined return on equity of 15.5%.

Which sector in IMCG has the highest P/E?

Technology has the highest P/E at 71.7 and Energy the lowest at 19.0.