iShares U.S. Financials ETF (IYF) Valuation
IYF valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 14.4 trailing earnings
- Forward P/E
- 13.3 analyst estimates
- Price / sales
- 2.86
- Price / book
- 2.04
- EV / EBITDA
- 9.5
- Earnings yield
- 6.96% inverse of P/E
- Dividend yield
- 1.81% of the holdings
- Return on equity
- 14.2% combined
- Net margin
- 19.9% combined
- Beta
- 0.94 weighted, vs S&P 500
IYF valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| IYF | 14.4 | 13.3 | 2.86 | 2.04 | 1.81% | 14.2% | 19.9% | 1.2% |
| 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.
IYF valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 99.2% | 14.4 | 13.3 | 2.86 | 2.04 | 1.74% | 14.1% |
| Technology | 0.7% | 23.6 | 16.5 | 3.80 | 9.74 | 1.15% | 41.2% |
| Real Estate | 0.5% | 5.6 | 6.3 | 3.19 | 0.98 | 15.64% | 17.5% |
IYF 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 IYF weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
IYF largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| BRK.B | Berkshire Hathaway Inc. | 12.33% | 13.4 | 22.7 | 3.0 | — | 13.18% |
| JPM | JPMorgan Chase & Co. | 11.25% | 14.2 | 13.5 | 4.7 | 1.94% | 11.30% |
| BAC | Bank of America Corporation | 3.87% | 12.2 | 10.8 | 3.1 | 2.50% | 4.53% |
| WFC | Wells Fargo & Company | 3.84% | 11.8 | 10.2 | 3.0 | 2.38% | 4.64% |
| GS | The Goldman Sachs Group, Inc. | 3.59% | 12.7 | 12.8 | 3.6 | 2.27% | 4.05% |
| MS | Morgan Stanley | 3.25% | 14.3 | 14.9 | 3.6 | 2.55% | 3.25% |
| C | Citigroup Inc. | 3.09% | 12.1 | 10.2 | 2.5 | 2.16% | 3.65% |
| BLK | BlackRock, Inc. | 2.63% | 25.8 | 16.4 | 6.5 | 2.02% | 1.46% |
| SCHW | The Charles Schwab Corporation | 2.43% | 15.7 | 12.9 | 5.9 | 1.39% | 2.22% |
| SPGI | S&P Global Inc. | 2.19% | 26.1 | 19.9 | 7.9 | 0.90% | 1.20% |
| PGR | The Progressive Corporation | 2.13% | 11.0 | 12.7 | 1.4 | 0.18% | 2.77% |
| CB | Chubb Limited | 2.00% | 12.7 | 11.6 | 2.2 | 1.13% | 2.24% |
| CME | CME Group Inc. | 1.69% | 24.9 | 21.9 | 15.6 | 1.77% | 0.97% |
| BNY | The Bank of New York Mellon Corporation | 1.59% | 15.9 | 15.0 | 4.4 | 1.55% | 1.43% |
| MRSH | Marsh & McLennan Companies, Inc. | 1.51% | 22.5 | 15.0 | 3.2 | 2.10% | 0.96% |
| ICE | Intercontinental Exchange, Inc. | 1.45% | 22.8 | 18.1 | 8.6 | 1.29% | 0.91% |
| USB | U.S. Bancorp | 1.44% | 11.4 | 10.4 | 3.3 | 3.68% | 1.80% |
| BX | Blackstone Inc. | 1.38% | 23.9 | 15.9 | 8.2 | 4.91% | 0.83% |
| PNC | The PNC Financial Services Group, Inc. | 1.37% | 11.6 | 10.7 | 3.5 | 3.68% | 1.70% |
| TRV | The Travelers Companies, Inc. | 1.27% | 10.5 | 10.8 | 1.7 | 1.28% | 1.73% |
| HOOD | Robinhood Markets, Inc. | 1.21% | 43.6 | 45.0 | 18.0 | — | 0.40% |
| MCO | Moody's Corporation | 1.15% | 30.8 | 24.3 | 10.3 | 0.85% | 0.53% |
| AJG | Arthur J. Gallagher & Co. | 1.06% | 42.3 | 16.3 | 4.3 | 1.10% | 0.36% |
| ALL | The Allstate Corporation | 1.03% | 5.0 | 8.3 | 0.9 | 1.74% | 2.97% |
| AON | Aon plc | 1.00% | 16.1 | 13.5 | 3.5 | 1.12% | 0.88% |
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 IYF valuation
Adding up its 142 holdings with company data, IYF trades at 14.4 times trailing earnings and 13.3 times analysts' forward estimates, with a price-to-book ratio of 2.04 and a dividend yield of 1.81%. Its earnings yield of 6.96% is 1.63 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 48.5% of the fund and earn 49.5% of its combined profit. By sector, Technology is the most expensive at 23.6 times earnings and Real Estate the cheapest at 5.6. Companies that lost money over the past year are 1.2% 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: IYF chart, IYF performance, IYF holdings, IYF dividends.
IYF valuation FAQ
What is the P/E ratio of IYF?
Based on its holdings, IYF has a trailing P/E of 14.4 and a forward P/E of 13.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of IYF?
The trailing earnings yield is 6.96% (1 ÷ P/E) and the forward earnings yield 7.53%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is IYF more expensive than the S&P 500?
IYF trades at 14.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 13.3 and 19.9.
What is the price-to-book ratio of IYF?
The holdings of IYF trade at 2.04 times book value, with a combined return on equity of 14.2%.
Which sector in IYF has the highest P/E?
Technology has the highest P/E at 23.6 and Real Estate the lowest at 5.6.