iShares Russell Mid-Cap ETF (IWR) Valuation

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

IWR valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 26.6
Forward P/E: 15.4
Price / sales: 1.68
Price / book: 3.00
EV / EBITDA: 13.4
Earnings yield: 3.76%
Dividend yield: 1.53%
Return on equity: 11.3%
Net margin: 6.3%
Beta: 1.04

IWR valuation vs other stock ETFs

P/E (TTM)Forward P/E

IWR valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
IWR	26.6	15.4	1.68	3.00	1.53%	11.3%	6.3%	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.

IWR valuation by sector

P/E (TTM)Forward P/E

IWR valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	18.2%	41.2	19.7	2.87	4.79	0.46%	11.6%
Industrials	15.1%	29.4	18.2	1.85	4.32	0.93%	14.7%
Financial Services	13.4%	14.4	11.4	2.02	1.89	1.87%	13.2%
Healthcare	12.8%	58.9	18.7	1.28	4.26	0.40%	7.2%
Consumer Cyclical	9.7%	26.2	13.5	1.06	3.37	1.66%	12.8%
Energy	7.2%	17.1	10.7	1.58	2.46	1.94%	14.4%
Real Estate	6.6%	25.8	23.8	4.35	2.26	4.58%	8.7%
Utilities	5.7%	19.8	14.1	2.29	1.98	3.03%	10.0%
Consumer Defensive	4.8%	35.1	13.7	0.70	2.67	2.78%	7.6%
Basic Materials	3.9%	28.5	13.7	1.57	2.42	1.89%	8.5%
Communication Services	2.5%	55.1	14.4	1.88	2.57	0.78%	4.7%

IWR earnings yield vs bond yields

IWR earnings yield (forward)

6.50%

IWR earnings yield (trailing)

3.76%

IWR dividend yield

1.53%

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 IWR weight splits by P/E

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

IWR largest holdings: valuation

IWR largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
MPC	Marathon Petroleum Corporation	1.03%	16.6	5.5	0.9	0.84%	1.65%
PSX	Phillips 66	0.87%	16.8	9.7	0.8	1.81%	1.38%
SNOW	Snowflake Inc.	0.77%	—	169.5	19.9	—	−0.21%
NET	Cloudflare, Inc.	0.71%	—	178.6	42.0	—	−0.03%
DDOG	Datadog, Inc.	0.59%	494.2	84.7	22.4	—	0.03%
MRNA	Moderna, Inc.	0.56%	—	23.0	39.1	—	−0.54%
HOOD	Robinhood Markets, Inc.	0.55%	43.6	45.0	18.0	—	0.34%
HPE	Hewlett Packard Enterprise Company	0.52%	28.4	13.6	1.7	1.03%	0.49%
URI	United Rentals, Inc.	0.52%	24.8	18.5	3.8	0.77%	0.56%
RCL	Royal Caribbean Cruises Ltd.	0.52%	17.1	11.4	4.0	2.16%	0.80%
SPG	Simon Property Group, Inc.	0.51%	14.5	30.7	11.2	4.33%	0.94%
ALL	The Allstate Corporation	0.50%	5.0	8.3	0.9	1.74%	2.70%
KMI	Kinder Morgan, Inc.	0.50%	22.1	20.0	4.2	3.45%	0.60%
COR	Cencora	0.47%	25.3	15.7	0.2	0.70%	0.49%
DLR	Digital Realty Trust, Inc.	0.46%	85.4	66.2	9.8	2.77%	0.14%
CAH	Cardinal Health, Inc.	0.45%	35.1	17.7	0.2	0.81%	0.34%
FAST	Fastenal Company	0.45%	41.5	37.5	6.4	2.04%	0.29%
TRGP	Targa Resources Corp.	0.45%	28.2	23.2	3.8	1.70%	0.43%
LNG	Cheniere Energy, Inc.	0.45%	21.9	13.5	2.9	0.77%	0.54%
OKE	ONEOK, Inc.	0.45%	16.1	14.5	1.5	4.59%	0.74%
GWW	W.W. Grainger, Inc.	0.45%	33.9	24.8	3.3	0.75%	0.35%
NUE	Nucor Corporation	0.43%	20.4	11.4	1.6	0.87%	0.56%
LITE	Lumentum Holdings Inc.	0.43%	—	42.9	24.8	—	−1.28%
NTRA	Natera, Inc.	0.42%	—	—	20.9	—	−0.04%
AME	AMETEK, Inc.	0.42%	36.3	28.2	7.2	0.55%	0.31%

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 IWR valuation

Adding up its 815 holdings with company data, IWR trades at 26.6 times trailing earnings and 15.4 times analysts' forward estimates, with a price-to-book ratio of 3.00 and a dividend yield of 1.53%. Its earnings yield of 3.76% is 1.57 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 6.6% of the fund and earn 4.5% of its combined profit. By sector, Healthcare is the most expensive at 58.9 times earnings and Financial Services the cheapest at 14.4. 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 99.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

IWR valuation FAQ

What is the P/E ratio of IWR?

Based on its holdings, IWR has a trailing P/E of 26.6 and a forward P/E of 15.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of IWR?

The trailing earnings yield is 3.76% (1 ÷ P/E) and the forward earnings yield 6.50%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is IWR more expensive than the S&P 500?

IWR trades at 26.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 15.4 and 19.9.

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

The holdings of IWR trade at 3.00 times book value, with a combined return on equity of 11.3%.

Which sector in IWR has the highest P/E?

Healthcare has the highest P/E at 58.9 and Financial Services the lowest at 14.4.