iShares U.S. Industrials ETF (IYJ) Valuation
IYJ valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 28.1 trailing earnings
- Forward P/E
- 20.1 analyst estimates
- Price / sales
- 3.00
- Price / book
- 5.65
- EV / EBITDA
- 17.7
- Earnings yield
- 3.56% inverse of P/E
- Dividend yield
- 1.11% of the holdings
- Return on equity
- 20.1% combined
- Net margin
- 10.7% combined
- Beta
- 1.08 weighted, vs S&P 500
IYJ valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| IYJ | 28.1 | 20.1 | 3.00 | 5.65 | 1.11% | 20.1% | 10.7% | 1.9% |
| 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.
IYJ valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Industrials | 66.4% | 29.9 | 22.4 | 2.80 | 6.29 | 1.08% | 21.0% |
| Financial Services | 19.9% | 25.1 | 18.5 | 6.82 | 6.89 | 0.80% | 27.5% |
| Technology | 8.0% | 23.6 | 13.9 | 2.76 | 3.59 | 1.59% | 15.2% |
| Basic Materials | 3.7% | 27.6 | 17.0 | 1.86 | 3.03 | 1.55% | 11.0% |
| Consumer Cyclical | 1.7% | 25.1 | 12.6 | 1.01 | 2.18 | 2.68% | 8.7% |
| Healthcare | 0.5% | 32.5 | 26.2 | 4.99 | 15.16 | 0.30% | 46.6% |
IYJ 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 IYJ weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
IYJ largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| V | Visa Inc. | 8.88% | 34.3 | 24.0 | 17.0 | 0.67% | 7.26% |
| MA | Mastercard Incorporated | 5.96% | 34.0 | 24.2 | 15.4 | 0.56% | 4.92% |
| CAT | Caterpillar Inc. | 4.27% | 31.5 | 25.4 | 4.5 | 0.89% | 3.81% |
| GE | GE Aerospace | 3.80% | 37.0 | 35.3 | 6.4 | 0.60% | 2.88% |
| RTX | RTX Corporation | 3.19% | 34.1 | 24.6 | 2.8 | 1.51% | 2.62% |
| GEV | GE Vernova Inc. | 2.90% | 26.4 | 38.8 | 5.9 | 0.22% | 3.08% |
| AXP | American Express Company | 2.15% | 19.0 | 15.1 | 3.0 | 1.21% | 3.17% |
| UNP | Union Pacific Corporation | 2.14% | 23.4 | 19.3 | 6.8 | 1.97% | 2.56% |
| DE | Deere & Company | 1.88% | 35.7 | 29.3 | 3.6 | 1.01% | 1.48% |
| BA | The Boeing Company | 1.87% | 67.9 | 49.5 | 1.6 | — | 0.77% |
| ETN | Eaton Corporation plc | 1.85% | 39.8 | 27.6 | 5.1 | 1.12% | 1.30% |
| ACN | Accenture plc | 1.83% | 16.9 | 12.4 | 1.9 | 2.98% | 3.02% |
| COF | Capital One Financial Corporation | 1.52% | 13.0 | 8.5 | 2.6 | 1.59% | 3.29% |
| PH | Parker-Hannifin Corporation | 1.46% | 33.8 | 27.5 | 5.7 | 0.83% | 1.21% |
| LMT | Lockheed Martin Corporation | 1.41% | 20.3 | 16.2 | 1.7 | 2.61% | 1.94% |
| ADP | Automatic Data Processing, Inc. | 1.39% | 26.4 | 22.0 | 5.2 | 2.35% | 1.48% |
| TT | Trane Technologies plc | 1.25% | 34.2 | 25.2 | 4.5 | 0.92% | 1.03% |
| JCI | Johnson Controls International plc | 1.16% | 41.1 | 23.9 | 3.5 | 1.10% | 0.79% |
| EMR | Emerson Electric Co. | 1.14% | 35.3 | 21.5 | 4.9 | 1.37% | 0.90% |
| CSX | CSX Corporation | 1.10% | 28.3 | 21.2 | 6.2 | 1.15% | 1.09% |
| HWM | Howmet Aerospace Inc. | 1.09% | 47.6 | 36.0 | 9.7 | 0.25% | 0.64% |
| GD | General Dynamics Corporation | 1.09% | 21.0 | 18.5 | 1.7 | 1.85% | 1.45% |
| MMM | 3M Company | 1.06% | 29.3 | 17.8 | 3.4 | 1.89% | 1.01% |
| PWR | Quanta Services, Inc. | 1.05% | 72.4 | 33.0 | 2.9 | 0.07% | 0.41% |
| ITW | Illinois Tool Works Inc. | 0.95% | 24.7 | 21.9 | 4.7 | 2.53% | 1.08% |
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 IYJ valuation
Adding up its 214 holdings with company data, IYJ trades at 28.1 times trailing earnings and 20.1 times analysts' forward estimates, with a price-to-book ratio of 5.65 and a dividend yield of 1.11%. Its earnings yield of 3.56% is 1.77 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 37.0% of the fund and earn 32.5% of its combined profit. By sector, Healthcare is the most expensive at 32.5 times earnings and Technology the cheapest at 23.6. Companies that lost money over the past year are 1.9% 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: IYJ chart, IYJ performance, IYJ holdings, IYJ dividends.
IYJ valuation FAQ
What is the P/E ratio of IYJ?
Based on its holdings, IYJ has a trailing P/E of 28.1 and a forward P/E of 20.1 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of IYJ?
The trailing earnings yield is 3.56% (1 ÷ P/E) and the forward earnings yield 4.97%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is IYJ more expensive than the S&P 500?
IYJ trades at 28.1 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 20.1 and 19.9.
What is the price-to-book ratio of IYJ?
The holdings of IYJ trade at 5.65 times book value, with a combined return on equity of 20.1%.
Which sector in IYJ has the highest P/E?
Healthcare has the highest P/E at 32.5 and Technology the lowest at 23.6.