IQ Winslow Large Cap Growth ETF (IWLG) Valuation
IWLG valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 35.5 trailing earnings
- Forward P/E
- 24.9 analyst estimates
- Price / sales
- 9.55
- Price / book
- 10.70
- EV / EBITDA
- 18.6
- Earnings yield
- 2.82% inverse of P/E
- Dividend yield
- 0.43% of the holdings
- Return on equity
- 30.2% combined
- Net margin
- 26.9% combined
- Beta
- 1.46 weighted, vs S&P 500
IWLG valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| IWLG | 35.5 | 24.9 | 9.55 | 10.70 | 0.43% | 30.2% | 26.9% | 5.4% |
| 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.
IWLG valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 52.2% | 45.5 | 25.0 | 13.96 | 16.62 | 0.42% | 36.6% |
| Communication Services | 15.1% | 19.1 | 22.4 | 8.48 | 7.01 | 0.24% | 36.7% |
| Industrials | 9.7% | 55.5 | 35.2 | 5.45 | 10.28 | 0.45% | 18.5% |
| Financial Services | 8.9% | 24.6 | 21.3 | 7.36 | 6.23 | 0.89% | 25.4% |
| Healthcare | 6.3% | 87.5 | 24.2 | 12.50 | 8.80 | 0.49% | 10.0% |
| Consumer Cyclical | 5.1% | 26.0 | 25.3 | 4.89 | 7.72 | 0.06% | 29.7% |
| Basic Materials | 1.3% | 38.8 | 29.7 | 4.81 | 7.71 | 1.01% | 19.9% |
IWLG 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 IWLG weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
IWLG largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 12.69% | 27.1 | 24.9 | 17.1 | 0.47% | 16.88% |
| GOOG | Alphabet Inc. | 10.72% | 16.9 | 21.8 | 9.2 | 0.26% | 22.84% |
| MSFT | Microsoft Corporation | 6.65% | 29.5 | 25.1 | 11.8 | 0.74% | 8.12% |
| AAPL | Apple Inc. | 4.40% | 39.4 | 35.2 | 10.7 | 0.31% | 4.03% |
| LLY | Eli Lilly and Company | 3.69% | 42.2 | 24.4 | 14.1 | 0.55% | 3.15% |
| ANET | Arista Networks, Inc. | 3.64% | 55.8 | 39.2 | 21.2 | — | 2.35% |
| AVGO | Broadcom Inc. | 3.62% | 43.3 | 19.4 | 17.6 | 0.79% | 3.01% |
| AMZN | Amazon.com, Inc. | 3.21% | 20.1 | 23.6 | 3.5 | — | 5.74% |
| AMD | Advanced Micro Devices, Inc. | 3.17% | 134.9 | 39.5 | 20.9 | — | 0.85% |
| ASML | ASML Holding N.V. | 2.97% | 40.4 | 28.9 | 16.0 | 0.55% | 2.65% |
| V | Visa Inc. | 2.82% | 34.3 | 24.0 | 17.0 | 0.67% | 2.96% |
| APH | Amphenol Corporation | 2.75% | 39.7 | 24.6 | 6.7 | 0.63% | 2.50% |
| META | Meta Platforms, Inc. | 2.65% | 26.7 | 22.1 | 7.9 | 0.30% | 3.57% |
| LITE | Lumentum Holdings Inc. | 2.59% | — | 42.9 | 24.8 | — | −10.51% |
| PLTR | Palantir Technologies Inc. | 2.21% | 160.4 | 85.5 | 72.6 | — | 0.50% |
| HLT | Hilton Worldwide Holdings Inc. | 1.93% | 50.6 | 28.7 | 15.2 | 0.17% | 1.37% |
| SPOT | Spotify Technology S.A | 1.71% | 30.5 | 28.6 | 6.0 | — | 2.02% |
| SPCX | Space Exploration Technologies Corp. | 1.66% | — | 200.0 | 83.5 | — | −0.26% |
| NDAQ | Nasdaq, Inc. | 1.66% | 27.4 | 23.6 | 9.4 | 1.23% | 2.18% |
| MU | Micron Technology, Inc. | 1.65% | 11.8 | 7.0 | 7.5 | 0.07% | 5.02% |
| DHR | Danaher Corporation | 1.56% | 40.8 | 23.8 | 6.4 | 0.70% | 1.38% |
| STX | Seagate Technology Holdings plc | 1.55% | 46.0 | 25.7 | 11.9 | 0.46% | 1.21% |
| JCI | Johnson Controls International plc | 1.50% | 41.1 | 23.9 | 3.5 | 1.10% | 1.32% |
| MA | Mastercard Incorporated | 1.45% | 34.0 | 24.2 | 15.4 | 0.56% | 1.54% |
| PWR | Quanta Services, Inc. | 1.33% | 72.4 | 33.0 | 2.9 | 0.07% | 0.66% |
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 IWLG valuation
Adding up its 40 holdings with company data, IWLG trades at 35.5 times trailing earnings and 24.9 times analysts' forward estimates, with a price-to-book ratio of 10.70 and a dividend yield of 0.43%. Its earnings yield of 2.82% is 2.51 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 54.8% of the fund and earn 69.6% of its combined profit. By sector, Healthcare is the most expensive at 87.5 times earnings and Communication Services the cheapest at 19.1. Companies that lost money over the past year are 5.4% 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 99.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: IWLG chart, IWLG performance, IWLG holdings, IWLG dividends.
IWLG valuation FAQ
What is the P/E ratio of IWLG?
Based on its holdings, IWLG has a trailing P/E of 35.5 and a forward P/E of 24.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of IWLG?
The trailing earnings yield is 2.82% (1 ÷ P/E) and the forward earnings yield 4.01%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is IWLG more expensive than the S&P 500?
IWLG trades at 35.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 24.9 and 19.9.
What is the price-to-book ratio of IWLG?
The holdings of IWLG trade at 10.70 times book value, with a combined return on equity of 30.2%.
Which sector in IWLG has the highest P/E?
Healthcare has the highest P/E at 87.5 and Communication Services the lowest at 19.1.