iShares U.S. Energy ETF (IYE) Valuation
IYE valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 19.2 trailing earnings
- Forward P/E
- 12.6 analyst estimates
- Price / sales
- 1.87
- Price / book
- 2.50
- EV / EBITDA
- 8.2
- Earnings yield
- 5.20% inverse of P/E
- Dividend yield
- 2.25% of the holdings
- Return on equity
- 13.0% combined
- Net margin
- 9.7% combined
- Beta
- 0.50 weighted, vs S&P 500
IYE valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| IYE | 19.2 | 12.6 | 1.87 | 2.50 | 2.25% | 13.0% | 9.7% | 0.0% |
| 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.
IYE valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Energy | 97.3% | 19.3 | 12.7 | 1.86 | 2.49 | 2.28% | 12.9% |
| Technology | 1.3% | 14.3 | 11.1 | 3.37 | 2.74 | 0.00% | 19.1% |
| Utilities | 0.0% | 54.5 | 18.7 | 1.53 | 10.37 | 0.00% | 19.0% |
| Industrials | 0.0% | n/m | — | 28.02 | 2.60 | 0.00% | −13.3% |
IYE 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 IYE weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
IYE largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| XOM | Exxon Mobil Corporation | 22.63% | 23.0 | 14.8 | 2.0 | 2.30% | 19.14% |
| CVX | Chevron Corporation | 16.59% | 21.2 | 15.2 | 2.1 | 3.16% | 15.22% |
| COP | ConocoPhillips | 6.64% | 19.4 | 12.7 | 2.7 | 2.29% | 6.67% |
| MPC | Marathon Petroleum Corporation | 4.98% | 16.6 | 5.5 | 0.9 | 0.84% | 5.86% |
| PSX | Phillips 66 | 4.46% | 16.8 | 9.7 | 0.8 | 1.81% | 5.18% |
| VLO | Valero Energy Corporation | 4.32% | 18.5 | 10.2 | 1.0 | 1.08% | 4.54% |
| EOG | EOG Resources, Inc. | 3.16% | 12.3 | 10.1 | 3.1 | 2.58% | 5.01% |
| WMB | The Williams Companies, Inc. | 3.14% | 28.4 | 26.8 | 7.1 | 2.95% | 2.16% |
| SLB | Schlumberger Limited | 2.79% | 23.9 | 15.9 | 2.0 | 2.38% | 2.27% |
| KMI | Kinder Morgan, Inc. | 2.48% | 22.1 | 20.0 | 4.2 | 3.45% | 2.19% |
| OKE | ONEOK, Inc. | 2.37% | 16.1 | 14.5 | 1.5 | 4.59% | 2.86% |
| TRGP | Targa Resources Corp. | 2.36% | 28.2 | 23.2 | 3.8 | 1.70% | 1.63% |
| LNG | Cheniere Energy, Inc. | 2.30% | 21.9 | 13.5 | 2.9 | 0.77% | 2.04% |
| DVN | Devon Energy Corporation | 2.19% | 11.1 | 9.3 | 3.0 | 2.52% | 3.86% |
| BKR | Baker Hughes Company | 2.13% | 17.9 | 18.0 | 2.0 | 1.65% | 2.32% |
| OXY | Occidental Petroleum Corporation | 1.91% | 17.7 | 14.6 | 2.6 | 1.80% | 2.09% |
| FANG | Diamondback Energy, Inc. | 1.67% | 38.8 | 10.0 | 3.5 | 2.16% | 0.84% |
| EQT | EQT Corporation | 1.36% | 12.6 | 14.1 | 3.7 | 1.25% | 2.10% |
| HAL | Halliburton Company | 1.14% | 17.6 | 11.4 | 1.2 | 2.03% | 1.26% |
| FTI | TechnipFMC plc | 1.00% | 24.3 | 21.3 | 2.6 | 0.29% | 0.81% |
| EXE | Expand Energy Corporation | 0.84% | 8.1 | 9.6 | 1.8 | 2.46% | 2.03% |
| TPL | Texas Pacific Land Corporation | 0.83% | 44.8 | 37.7 | 27.0 | 0.68% | 0.36% |
| PR | Permian Resources Corporation | 0.76% | 16.2 | 10.0 | 3.6 | 2.56% | 0.91% |
| OVV | Ovintiv Inc. | 0.73% | 19.3 | 9.0 | 2.0 | 1.73% | 0.74% |
| DINO | HF Sinclair Corporation | 0.73% | 11.9 | 10.0 | 0.7 | 1.68% | 1.20% |
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 IYE valuation
Adding up its 40 holdings with company data, IYE trades at 19.2 times trailing earnings and 12.6 times analysts' forward estimates, with a price-to-book ratio of 2.50 and a dividend yield of 2.25%. Its earnings yield of 5.20% is 0.13 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 71.2% of the fund and earn 68.3% of its combined profit. By sector, Utilities is the most expensive at 54.5 times earnings and Technology the cheapest at 14.3. Companies that lost money over the past year are 0.0% 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: IYE chart, IYE performance, IYE holdings, IYE dividends.
IYE valuation FAQ
What is the P/E ratio of IYE?
Based on its holdings, IYE has a trailing P/E of 19.2 and a forward P/E of 12.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of IYE?
The trailing earnings yield is 5.20% (1 ÷ P/E) and the forward earnings yield 7.92%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is IYE more expensive than the S&P 500?
IYE trades at 19.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 12.6 and 19.9.
What is the price-to-book ratio of IYE?
The holdings of IYE trade at 2.50 times book value, with a combined return on equity of 13.0%.
Which sector in IYE has the highest P/E?
Utilities has the highest P/E at 54.5 and Technology the lowest at 14.3.