iShares U.S. Home Construction ETF (ITB) Valuation
ITB valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 16.1 trailing earnings
- Forward P/E
- 13.7 analyst estimates
- Price / sales
- 1.09
- Price / book
- 1.99
- EV / EBITDA
- 11.6
- Earnings yield
- 6.22% inverse of P/E
- Dividend yield
- 1.29% of the holdings
- Return on equity
- 12.4% combined
- Net margin
- 6.8% combined
- Beta
- 1.26 weighted, vs S&P 500
ITB valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| ITB | 16.1 | 13.7 | 1.09 | 1.99 | 1.29% | 12.4% | 6.8% | 2.4% |
| 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.
ITB valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Consumer Cyclical | 75.5% | 14.1 | 13.5 | 1.03 | 1.74 | 1.29% | 12.3% |
| Industrials | 14.6% | 38.5 | 13.3 | 1.17 | 3.85 | 1.48% | 10.0% |
| Basic Materials | 8.8% | 22.4 | 16.6 | 2.15 | 4.99 | 0.96% | 22.3% |
| Real Estate | 0.7% | 12.0 | 18.7 | 0.39 | 0.68 | 2.29% | 5.7% |
ITB 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 ITB weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
ITB largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| DHI | D.R. Horton, Inc. | 18.31% | 12.9 | 11.9 | 1.2 | 1.29% | 22.92% |
| PHM | PulteGroup, Inc. | 10.53% | 11.6 | 11.2 | 1.3 | 0.92% | 14.67% |
| LEN | Lennar Corporation | 8.12% | 14.6 | 15.7 | 0.6 | 2.59% | 8.97% |
| NVR | NVR, Inc. | 7.46% | 15.4 | 14.8 | 1.6 | — | 7.83% |
| SHW | The Sherwin-Williams Company | 4.85% | 30.9 | 23.8 | 3.3 | 0.95% | 2.53% |
| TOL | Toll Brothers, Inc. | 4.59% | 10.8 | 10.0 | 1.1 | 0.78% | 6.88% |
| LOW | Lowe's Companies, Inc. | 4.54% | 16.7 | 15.6 | 1.2 | 2.53% | 4.39% |
| HD | The Home Depot, Inc. | 4.39% | 21.5 | 19.8 | 1.8 | 3.01% | 3.29% |
| MAS | Masco Corporation | 3.52% | 16.8 | 14.7 | 1.9 | 1.76% | 3.38% |
| LII | Lennox International Inc. | 2.66% | 15.8 | 14.2 | 2.3 | 1.52% | 2.72% |
| IBP | Installed Building Products, Inc. | 2.39% | 20.0 | 17.8 | 1.7 | 0.84% | 1.92% |
| SKY | Skyline Champion Corporation | 2.11% | 22.7 | 23.4 | 1.6 | — | 1.51% |
| CVCO | Cavco Industries, Inc. | 2.09% | 22.7 | 29.5 | 1.7 | — | 1.48% |
| MTH | Meritage Homes Corporation | 2.06% | 12.4 | 12.5 | 0.7 | 3.24% | 2.69% |
| OC | Owens Corning | 2.03% | — | 10.1 | 0.9 | 2.80% | −1.47% |
| SSD | Simpson Manufacturing Co., Inc. | 1.68% | 19.3 | 17.6 | 3.0 | 0.68% | 1.41% |
| MHO | M/I Homes, Inc. | 1.62% | 10.5 | 11.9 | 0.7 | — | 2.51% |
| KBH | KB Home | 1.47% | 12.2 | 11.6 | 0.5 | 2.31% | 1.95% |
| MHK | Mohawk Industries, Inc. | 1.44% | 15.9 | 11.7 | 0.7 | — | 1.46% |
| BLDR | Builders FirstSource, Inc. | 1.30% | 59.4 | 13.9 | 0.4 | — | 0.35% |
| FND | Floor & Decor Holdings, Inc. | 1.18% | 21.1 | 32.8 | 1.0 | — | 0.90% |
| EXP | Eagle Materials Inc. | 1.17% | 13.4 | 13.7 | 2.2 | 0.59% | 1.41% |
| TREX | Trex Company, Inc. | 1.14% | 26.9 | 21.0 | 3.9 | — | 0.68% |
| FBIN | Fortune Brands Innovations, Inc. | 1.09% | 32.3 | 11.7 | 1.1 | 2.60% | 0.55% |
| UFPI | UFP Industries, Inc. | 1.06% | 17.9 | 7.4 | 0.7 | 1.84% | 0.96% |
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 ITB valuation
Adding up its 42 holdings with company data, ITB trades at 16.1 times trailing earnings and 13.7 times analysts' forward estimates, with a price-to-book ratio of 1.99 and a dividend yield of 1.29%. Its earnings yield of 6.22% is 0.89 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 69.0% of the fund and earn 77.6% of its combined profit. By sector, Industrials is the most expensive at 38.5 times earnings and Real Estate the cheapest at 12.0. Companies that lost money over the past year are 2.4% 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: ITB chart, ITB performance, ITB holdings, ITB dividends.
ITB valuation FAQ
What is the P/E ratio of ITB?
Based on its holdings, ITB has a trailing P/E of 16.1 and a forward P/E of 13.7 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of ITB?
The trailing earnings yield is 6.22% (1 ÷ P/E) and the forward earnings yield 7.29%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is ITB more expensive than the S&P 500?
ITB trades at 16.1 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 13.7 and 19.9.
What is the price-to-book ratio of ITB?
The holdings of ITB trade at 1.99 times book value, with a combined return on equity of 12.4%.
Which sector in ITB has the highest P/E?
Industrials has the highest P/E at 38.5 and Real Estate the lowest at 12.0.