iShares Russell Top 200 Value ETF (IWX) Valuation
IWX valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 23.8 trailing earnings
- Forward P/E
- 18.2 analyst estimates
- Price / sales
- 2.96
- Price / book
- 3.90
- EV / EBITDA
- 14.5
- Earnings yield
- 4.19% inverse of P/E
- Dividend yield
- 1.56% of the holdings
- Return on equity
- 16.3% combined
- Net margin
- 12.4% combined
- Beta
- 0.86 weighted, vs S&P 500
IWX valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| IWX | 23.8 | 18.2 | 2.96 | 3.90 | 1.56% | 16.3% | 12.4% | 2.7% |
| 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.
IWX valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 23.5% | 42.1 | 24.7 | 7.19 | 9.28 | 0.77% | 22.1% |
| Financial Services | 19.0% | 14.5 | 14.0 | 3.29 | 2.00 | 1.57% | 13.8% |
| Healthcare | 14.1% | 34.6 | 15.8 | 1.84 | 4.45 | 2.10% | 12.9% |
| Consumer Cyclical | 10.9% | 20.8 | 21.0 | 2.70 | 5.48 | 0.53% | 26.4% |
| Consumer Defensive | 8.4% | 27.7 | 23.2 | 2.27 | 9.50 | 2.34% | 34.3% |
| Industrials | 7.4% | 26.4 | 21.2 | 2.69 | 5.29 | 1.56% | 20.0% |
| Energy | 6.0% | 21.1 | 14.2 | 2.07 | 2.56 | 2.48% | 12.1% |
| Communication Services | 3.4% | 13.5 | 11.4 | 1.66 | 2.01 | 3.15% | 14.9% |
| Basic Materials | 2.6% | 27.8 | 18.8 | 4.23 | 4.99 | 1.28% | 17.9% |
| Utilities | 2.3% | 20.7 | 17.1 | 3.64 | 2.22 | 3.00% | 10.7% |
| Real Estate | 1.7% | 45.0 | 41.8 | 11.49 | 3.97 | 2.51% | 8.8% |
IWX 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 IWX weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
IWX largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AMZN | Amazon.com, Inc. | 8.13% | 20.1 | 23.6 | 3.5 | — | 9.70% |
| AAPL | Apple Inc. | 8.03% | 39.4 | 35.2 | 10.7 | 0.31% | 4.89% |
| MSFT | Microsoft Corporation | 6.91% | 29.5 | 25.1 | 11.8 | 0.74% | 5.63% |
| BRK.B | Berkshire Hathaway Inc. | 3.65% | 13.4 | 22.7 | 3.0 | — | 6.55% |
| JPM | JPMorgan Chase & Co. | 3.36% | 14.2 | 13.5 | 4.7 | 1.94% | 5.65% |
| XOM | Exxon Mobil Corporation | 2.60% | 23.0 | 14.8 | 2.0 | 2.30% | 2.71% |
| JNJ | Johnson & Johnson | 2.30% | 38.8 | 21.0 | 6.2 | 2.10% | 1.42% |
| WMT | Walmart Inc. | 1.83% | 43.0 | 38.0 | 1.3 | 0.83% | 1.02% |
| ABBV | AbbVie Inc. | 1.66% | 80.6 | 16.4 | 7.8 | 2.42% | 0.49% |
| CSCO | Cisco Systems, Inc. | 1.55% | 32.2 | 19.8 | 6.7 | 1.56% | 1.16% |
| INTC | Intel Corporation | 1.47% | — | 63.3 | 8.3 | — | −0.83% |
| CVX | Chevron Corporation | 1.47% | 21.2 | 15.2 | 2.1 | 3.16% | 1.66% |
| UNH | UnitedHealth Group Incorporated | 1.43% | 25.8 | 16.6 | 0.8 | 2.31% | 1.33% |
| PG | The Procter & Gamble Company | 1.37% | 24.1 | 21.2 | 4.3 | 2.73% | 1.36% |
| MRK | Merck & Co., Inc. | 1.31% | 115.8 | 15.3 | 5.4 | 2.33% | 0.27% |
| KO | The Coca-Cola Company | 1.23% | 28.2 | 25.3 | 8.1 | 2.26% | 1.05% |
| BAC | Bank of America Corporation | 1.15% | 12.2 | 10.8 | 3.1 | 2.50% | 2.26% |
| PM | Philip Morris International Inc. | 1.15% | 29.5 | 20.9 | 7.5 | 3.12% | 0.94% |
| RTX | RTX Corporation | 0.97% | 34.1 | 24.6 | 2.8 | 1.51% | 0.68% |
| COST | Costco Wholesale Corporation | 0.94% | 47.6 | 40.3 | 1.4 | 0.59% | 0.47% |
| GS | The Goldman Sachs Group, Inc. | 0.91% | 12.7 | 12.8 | 3.6 | 2.27% | 1.73% |
| META | Meta Platforms, Inc. | 0.91% | 26.7 | 22.1 | 7.9 | 0.30% | 0.82% |
| TMO | Thermo Fisher Scientific Inc. | 0.89% | 37.1 | 24.2 | 5.5 | 0.27% | 0.57% |
| LIN | Linde plc | 0.88% | 32.2 | 23.6 | 6.5 | 1.28% | 0.66% |
| WFC | Wells Fargo & Company | 0.88% | 11.8 | 10.2 | 3.0 | 2.38% | 1.78% |
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 IWX valuation
Adding up its 152 holdings with company data, IWX trades at 23.8 times trailing earnings and 18.2 times analysts' forward estimates, with a price-to-book ratio of 3.90 and a dividend yield of 1.56%. Its earnings yield of 4.19% is 1.13 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 40.0% of the fund and earn 39.2% of its combined profit. By sector, Real Estate is the most expensive at 45.0 times earnings and Communication Services the cheapest at 13.5. Companies that lost money over the past year are 2.7% 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: IWX chart, IWX performance, IWX holdings, IWX dividends.
IWX valuation FAQ
What is the P/E ratio of IWX?
Based on its holdings, IWX has a trailing P/E of 23.8 and a forward P/E of 18.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of IWX?
The trailing earnings yield is 4.19% (1 ÷ P/E) and the forward earnings yield 5.50%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is IWX more expensive than the S&P 500?
IWX trades at 23.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 18.2 and 19.9.
What is the price-to-book ratio of IWX?
The holdings of IWX trade at 3.90 times book value, with a combined return on equity of 16.3%.
Which sector in IWX has the highest P/E?
Real Estate has the highest P/E at 45.0 and Communication Services the lowest at 13.5.