Innovator U.S. Small Cap Managed 10 Buffer ETF (KBFR) Valuation
KBFR valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 1,070.1 trailing earnings
- Forward P/E
- 13.2 analyst estimates
- Price / sales
- 1.18
- Price / book
- 1.99
- EV / EBITDA
- 7.5
- Earnings yield
- 0.09% inverse of P/E
- Dividend yield
- 1.49% of the holdings
- Return on equity
- 0.2% combined
- Net margin
- 0.1% combined
- Beta
- 1.12 weighted, vs S&P 500
KBFR valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| KBFR | 1,070.1 | 13.2 | 1.18 | 1.99 | 1.49% | 0.2% | 0.1% | 25.8% |
| 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.
KBFR valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 16.8% | 50.7 | 10.8 | 2.12 | 1.41 | 2.23% | 2.8% |
| Healthcare | 16.5% | n/m | 13.0 | 2.28 | 3.57 | 0.08% | −17.3% |
| Technology | 13.3% | n/m | 14.6 | 1.64 | 3.06 | 0.33% | −0.3% |
| Industrials | 12.2% | 141.1 | 15.7 | 1.02 | 2.33 | 1.04% | 1.6% |
| Consumer Cyclical | 9.5% | 108.9 | 10.7 | 0.55 | 1.90 | 1.55% | 1.7% |
| Energy | 6.2% | 16.3 | 11.1 | 0.65 | 1.54 | 2.86% | 9.4% |
| Real Estate | 5.5% | 60.4 | 24.8 | 1.65 | 1.34 | 5.40% | 2.2% |
| Basic Materials | 3.4% | n/m | 12.2 | 0.95 | 2.13 | 1.46% | −12.5% |
| Consumer Defensive | 3.3% | 692.2 | 14.9 | 0.66 | 1.78 | 1.23% | 0.3% |
| Communication Services | 2.4% | n/m | 17.1 | 1.44 | 1.44 | 0.36% | −2.9% |
| Utilities | 2.2% | 21.5 | 18.8 | 2.41 | 1.55 | 3.17% | 7.2% |
| Information Technology | 0.1% | n/m | 45.0 | 20.20 | 2.74 | 0.00% | −2.7% |
KBFR 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 KBFR weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
KBFR largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| TWST | Twist Bioscience Corporation | 0.36% | — | — | 20.4 | — | −7.65% |
| TXG | 10x Genomics, Inc. | 0.36% | — | — | 14.8 | — | −3.54% |
| PBF | PBF Energy Inc. | 0.33% | 7.4 | 8.4 | 0.3 | 1.30% | 55.07% |
| OPCH | Option Care Health, Inc. | 0.31% | 23.6 | 11.2 | 0.8 | — | 16.61% |
| GTLB | GitLab Inc. | 0.30% | — | 55.2 | 8.3 | — | −2.27% |
| ELF | e.l.f. Beauty, Inc. | 0.30% | 115.9 | 35.2 | 3.8 | — | 3.21% |
| SM | SM Energy Company | 0.29% | 7.0 | 4.4 | 1.9 | 2.23% | 52.14% |
| MMSI | Merit Medical Systems, Inc. | 0.28% | 36.7 | 18.9 | 3.4 | — | 9.76% |
| MUR | Murphy Oil Corporation | 0.26% | 20.7 | 13.4 | 2.0 | 3.35% | 15.95% |
| ZETA | Zeta Global Holdings Corp. | 0.26% | — | 24.4 | 5.0 | — | −0.09% |
| MATX | Matson, Inc. | 0.25% | 15.8 | 19.2 | 2.0 | 0.65% | 20.00% |
| VSXY | Victoria's Secret & Co | 0.25% | 19.5 | 13.6 | 1.0 | — | 15.93% |
| RNG | RingCentral, Inc. | 0.24% | 60.4 | 14.3 | 2.4 | 0.36% | 5.11% |
| ACA | Arcosa, Inc. | 0.24% | 36.3 | 29.9 | 2.5 | 0.14% | 8.35% |
| AMPL_old | AMPL | 0.24% | — | — | — | — | — |
| HTFL | Heartflow, Inc. | 0.24% | — | — | 19.8 | — | −1.50% |
| GTES | Gates Industrial Corporation plc | 0.24% | 18.3 | 13.9 | 1.9 | — | 16.17% |
| DOCS | Doximity, Inc. | 0.23% | 36.4 | 19.8 | 8.4 | — | 8.02% |
| VRNS | Varonis Systems, Inc. | 0.23% | — | 140.8 | 8.1 | — | −7.27% |
| ANF | Abercrombie & Fitch Co. | 0.23% | 13.2 | 10.0 | 1.2 | — | 21.74% |
| INSW | International Seaways, Inc. | 0.23% | 7.0 | 15.1 | 4.3 | 7.44% | 40.85% |
| ORKA | Oruka Therapeutics, Inc. | 0.23% | — | — | — | — | — |
| TREX | Trex Company, Inc. | 0.23% | 26.9 | 21.0 | 3.9 | — | 10.63% |
| BRZE | Braze, Inc. | 0.23% | — | 39.8 | 4.0 | — | −9.99% |
| LNTH | Lantheus Holdings, Inc. | 0.23% | 24.1 | 14.3 | 4.2 | — | 11.77% |
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 KBFR valuation
Adding up its 747 holdings with company data, KBFR trades at 1,070.1 times trailing earnings and 13.2 times analysts' forward estimates, with a price-to-book ratio of 1.99 and a dividend yield of 1.49%. Its earnings yield of 0.09% is 5.23 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 3.1% of the fund and earn 139.2% of its combined profit. By sector, Consumer Defensive is the most expensive at 692.2 times earnings and Energy the cheapest at 16.3. Companies that lost money over the past year are 25.8% 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 92.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: KBFR chart, KBFR holdings, KBFR dividends.
KBFR valuation FAQ
What is the P/E ratio of KBFR?
Based on its holdings, KBFR has a trailing P/E of 1,070.1 and a forward P/E of 13.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of KBFR?
The trailing earnings yield is 0.09% (1 ÷ P/E) and the forward earnings yield 7.58%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is KBFR more expensive than the S&P 500?
KBFR trades at 1,070.1 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 13.2 and 19.9.
What is the price-to-book ratio of KBFR?
The holdings of KBFR trade at 1.99 times book value, with a combined return on equity of 0.2%.
Which sector in KBFR has the highest P/E?
Consumer Defensive has the highest P/E at 692.2 and Energy the lowest at 16.3.