Invesco RAFI Strategic US ETF (IUS) Valuation
IUS valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 23.4 trailing earnings
- Forward P/E
- 15.3 analyst estimates
- Price / sales
- 1.25
- Price / book
- 3.40
- EV / EBITDA
- 12.8
- Earnings yield
- 4.27% inverse of P/E
- Dividend yield
- 1.49% of the holdings
- Return on equity
- 14.5% combined
- Net margin
- 5.4% combined
- Beta
- 0.91 weighted, vs S&P 500
IUS valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| IUS | 23.4 | 15.3 | 1.25 | 3.40 | 1.49% | 14.5% | 5.4% | 3.9% |
| 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.
IUS valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 23.2% | 26.6 | 19.3 | 3.69 | 6.52 | 0.77% | 24.5% |
| Healthcare | 15.9% | 34.0 | 14.9 | 0.67 | 3.43 | 1.66% | 10.1% |
| Communication Services | 11.3% | 14.4 | 13.1 | 2.12 | 2.77 | 1.82% | 19.2% |
| Consumer Cyclical | 10.9% | 33.2 | 13.8 | 0.86 | 3.03 | 1.33% | 9.1% |
| Financial Services | 9.7% | 14.5 | 15.2 | 1.36 | 2.32 | 0.88% | 16.0% |
| Energy | 9.1% | 18.8 | 11.6 | 1.20 | 2.35 | 2.14% | 12.5% |
| Industrials | 8.0% | 26.6 | 18.2 | 1.57 | 4.42 | 1.58% | 16.6% |
| Consumer Defensive | 7.6% | 36.5 | 16.9 | 0.81 | 3.77 | 2.67% | 10.3% |
| Basic Materials | 2.4% | 36.6 | 14.0 | 1.54 | 2.57 | 1.80% | 7.0% |
| Utilities | 1.0% | 17.3 | 12.9 | 1.66 | 2.14 | 3.13% | 12.4% |
| Real Estate | 0.5% | 30.6 | 22.0 | 1.75 | 3.84 | 1.97% | 12.6% |
IUS 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 IUS weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
IUS largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MSFT | Microsoft Corporation | 4.33% | 29.5 | 25.1 | 11.8 | 0.74% | 3.46% |
| AAPL | Apple Inc. | 4.29% | 39.4 | 35.2 | 10.7 | 0.31% | 2.57% |
| GOOGL | Alphabet Inc. | 3.53% | 17.1 | 22.8 | 9.3 | 0.26% | 4.86% |
| META | Meta Platforms, Inc. | 2.81% | 26.7 | 22.1 | 7.9 | 0.30% | 2.48% |
| BRK.B | Berkshire Hathaway Inc. | 2.78% | 13.4 | 22.7 | 3.0 | — | 4.90% |
| AMZN | Amazon.com, Inc. | 2.75% | 20.1 | 23.6 | 3.5 | — | 3.21% |
| XOM | Exxon Mobil Corporation | 2.37% | 23.0 | 14.8 | 2.0 | 2.30% | 2.42% |
| NVDA | NVIDIA Corporation | 2.09% | 27.1 | 24.9 | 17.1 | 0.47% | 1.82% |
| CVX | Chevron Corporation | 1.56% | 21.2 | 15.2 | 2.1 | 3.16% | 1.73% |
| UNH | UnitedHealth Group Incorporated | 1.41% | 25.8 | 16.6 | 0.8 | 2.31% | 1.29% |
| T | AT&T Inc. | 1.02% | 7.7 | 9.9 | 1.3 | 4.74% | 3.11% |
| V | Visa Inc. | 0.96% | 34.3 | 24.0 | 17.0 | 0.67% | 0.66% |
| VZ | Verizon Communications Inc. | 0.96% | 11.7 | 8.7 | 1.3 | 6.32% | 1.94% |
| JNJ | Johnson & Johnson | 0.90% | 38.8 | 21.0 | 6.2 | 2.10% | 0.55% |
| MCK | McKesson Corporation | 0.87% | 26.9 | 19.7 | 0.3 | 0.37% | 0.76% |
| WMT | Walmart Inc. | 0.85% | 43.0 | 38.0 | 1.3 | 0.83% | 0.46% |
| CVS | CVS Health Corporation | 0.85% | 24.3 | 10.7 | 0.3 | 2.88% | 0.82% |
| CMCSA | Comcast Corporation | 0.82% | 7.1 | 5.9 | 0.6 | 6.03% | 2.74% |
| GM | General Motors Company | 0.82% | 37.7 | 5.6 | 0.4 | 0.86% | 0.51% |
| PG | The Procter & Gamble Company | 0.79% | 24.1 | 21.2 | 4.3 | 2.73% | 0.78% |
| CRM | Salesforce, Inc. | 0.77% | 22.0 | 14.0 | 4.5 | 0.73% | 0.82% |
| MRK | Merck & Co., Inc. | 0.74% | 115.8 | 15.3 | 5.4 | 2.33% | 0.15% |
| MPC | Marathon Petroleum Corporation | 0.71% | 16.6 | 5.5 | 0.9 | 0.84% | 1.01% |
| COP | ConocoPhillips | 0.70% | 19.4 | 12.7 | 2.7 | 2.29% | 0.85% |
| COR | Cencora | 0.69% | 25.3 | 15.7 | 0.2 | 0.70% | 0.64% |
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 IUS valuation
Adding up its 526 holdings with company data, IUS trades at 23.4 times trailing earnings and 15.3 times analysts' forward estimates, with a price-to-book ratio of 3.40 and a dividend yield of 1.49%. Its earnings yield of 4.27% is 1.06 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 27.9% of the fund and earn 28.7% of its combined profit. By sector, Basic Materials is the most expensive at 36.6 times earnings and Communication Services the cheapest at 14.4. Companies that lost money over the past year are 3.9% 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 99.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: IUS chart, IUS performance, IUS holdings, IUS dividends.
IUS valuation FAQ
What is the P/E ratio of IUS?
Based on its holdings, IUS has a trailing P/E of 23.4 and a forward P/E of 15.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of IUS?
The trailing earnings yield is 4.27% (1 ÷ P/E) and the forward earnings yield 6.53%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is IUS more expensive than the S&P 500?
IUS trades at 23.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 15.3 and 19.9.
What is the price-to-book ratio of IUS?
The holdings of IUS trade at 3.40 times book value, with a combined return on equity of 14.5%.
Which sector in IUS has the highest P/E?
Basic Materials has the highest P/E at 36.6 and Communication Services the lowest at 14.4.