iShares U.S. Basic Materials ETF (IYM) Valuation
IYM valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 32.0 trailing earnings
- Forward P/E
- 16.5 analyst estimates
- Price / sales
- 2.61
- Price / book
- 3.64
- EV / EBITDA
- 14.0
- Earnings yield
- 3.12% inverse of P/E
- Dividend yield
- 1.56% of the holdings
- Return on equity
- 11.4% combined
- Net margin
- 8.2% combined
- Beta
- 0.94 weighted, vs S&P 500
IYM valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| IYM | 32.0 | 16.5 | 2.61 | 3.64 | 1.56% | 11.4% | 8.2% | 11.5% |
| 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.
IYM valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Basic Materials | 85.3% | 28.4 | 15.9 | 2.66 | 3.56 | 1.50% | 12.6% |
| Industrials | 10.3% | 34.3 | 27.5 | 4.65 | 6.58 | 1.25% | 19.2% |
| Consumer Cyclical | 3.3% | n/m | 13.0 | 0.94 | 1.95 | 4.08% | −12.6% |
IYM 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 IYM weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
IYM largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| LIN | Linde plc | 20.36% | 32.2 | 23.6 | 6.5 | 1.28% | 20.46% |
| NEM | Newmont Corporation | 10.74% | 15.0 | 11.6 | 4.8 | 0.88% | 23.21% |
| FCX | Freeport-McMoRan Inc. | 8.25% | 34.3 | 18.1 | 3.9 | 0.86% | 7.79% |
| ECL | Ecolab Inc. | 6.44% | 38.8 | 29.7 | 4.8 | 1.01% | 5.37% |
| APD | Air Products and Chemicals, Inc. | 4.82% | — | 19.9 | 5.3 | 2.42% | −0.11% |
| FAST | Fastenal Company | 4.79% | 41.5 | 37.5 | 6.4 | 2.04% | 3.73% |
| NUE | Nucor Corporation | 4.32% | 20.4 | 11.4 | 1.6 | 0.87% | 6.83% |
| AU | AngloGold Ashanti Limited | 3.23% | 12.4 | 14.5 | 4.0 | 4.87% | 8.40% |
| STLD | Steel Dynamics, Inc. | 2.92% | 21.8 | 10.0 | 1.7 | 0.88% | 4.33% |
| IFF | International Flavors & Fragrances Inc. | 2.43% | 89.8 | 17.7 | 2.1 | 1.76% | 0.87% |
| RS | Reliance Steel & Aluminum Co. | 2.16% | 23.9 | 16.4 | 1.3 | 1.22% | 2.93% |
| RGLD | Royal Gold, Inc. | 2.01% | 26.4 | 24.2 | 13.1 | 0.80% | 2.47% |
| IP | International Paper Company | 1.91% | — | 11.7 | 0.7 | 5.43% | −9.39% |
| CF | CF Industries Holdings, Inc. | 1.84% | 9.0 | 12.2 | 2.4 | 1.99% | 6.65% |
| LYB | LyondellBasell Industries N.V. | 1.81% | — | 9.1 | 0.7 | 4.31% | −0.76% |
| SCCO | Southern Copper Corporation | 1.72% | 29.9 | 28.1 | 10.7 | 2.19% | 1.86% |
| RBC | RBC Bearings Incorporated | 1.59% | 49.3 | 36.9 | 8.1 | — | 1.04% |
| CDE | Coeur Mining, Inc. | 1.44% | 13.2 | 8.7 | 5.0 | 0.26% | 3.53% |
| AVY | Avery Dennison Corporation | 1.43% | 19.2 | 15.3 | 1.4 | 2.28% | 2.41% |
| CRS | Carpenter Technology Corporation | 1.40% | 35.8 | 23.4 | 6.0 | 0.21% | 1.26% |
| MLI | Mueller Industries, Inc. | 1.20% | 15.6 | 18.2 | 2.9 | 1.17% | 2.48% |
| ALB | Albemarle Corporation | 1.16% | 353.6 | 11.4 | 1.9 | 1.72% | 0.11% |
| SOLS | Solstice Advanced Materials, Inc | 1.03% | 44.9 | 17.1 | 2.3 | 0.51% | 0.74% |
| AA | Alcoa Corporation | 1.01% | 7.2 | 8.0 | 0.8 | 0.97% | 4.55% |
| CTVA | Corteva, Inc. | 0.89% | 8.0 | 19.1 | 1.7 | 5.59% | 3.63% |
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 IYM valuation
Adding up its 40 holdings with company data, IYM trades at 32.0 times trailing earnings and 16.5 times analysts' forward estimates, with a price-to-book ratio of 3.64 and a dividend yield of 1.56%. Its earnings yield of 3.12% is 2.20 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 68.3% of the fund and earn 80.9% of its combined profit. By sector, Industrials is the most expensive at 34.3 times earnings and Basic Materials the cheapest at 28.4. Companies that lost money over the past year are 11.5% 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: IYM chart, IYM performance, IYM holdings, IYM dividends.
IYM valuation FAQ
What is the P/E ratio of IYM?
Based on its holdings, IYM has a trailing P/E of 32.0 and a forward P/E of 16.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of IYM?
The trailing earnings yield is 3.12% (1 ÷ P/E) and the forward earnings yield 6.05%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is IYM more expensive than the S&P 500?
IYM trades at 32.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 16.5 and 19.9.
What is the price-to-book ratio of IYM?
The holdings of IYM trade at 3.64 times book value, with a combined return on equity of 11.4%.
Which sector in IYM has the highest P/E?
Industrials has the highest P/E at 34.3 and Basic Materials the lowest at 28.4.