Invesco KBW Property & Casualty Insurance ETF (KBWP) Valuation
KBWP valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 11.4 trailing earnings
- Forward P/E
- 11.2 analyst estimates
- Price / sales
- 1.68
- Price / book
- 2.01
- EV / EBITDA
- 14.3
- Earnings yield
- 8.74% inverse of P/E
- Dividend yield
- 1.32% of the holdings
- Return on equity
- 17.5% combined
- Net margin
- 14.7% combined
- Beta
- 0.43 weighted, vs S&P 500
KBWP valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| KBWP | 11.4 | 11.2 | 1.68 | 2.01 | 1.32% | 17.5% | 14.7% | 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.
KBWP valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 99.5% | 11.4 | 11.2 | 1.68 | 2.01 | 1.32% | 17.5% |
KBWP 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 KBWP weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
KBWP largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| TRV | The Travelers Companies, Inc. | 8.47% | 10.5 | 10.8 | 1.7 | 1.28% | 9.30% |
| CB | Chubb Limited | 8.43% | 12.7 | 11.6 | 2.2 | 1.13% | 7.60% |
| MRSH | Marsh & McLennan Companies, Inc. | 7.95% | 22.5 | 15.0 | 3.2 | 2.10% | 4.05% |
| PGR | The Progressive Corporation | 7.82% | 11.0 | 12.7 | 1.4 | 0.18% | 8.17% |
| AON | Aon plc | 7.57% | 16.1 | 13.5 | 3.5 | 1.12% | 5.39% |
| AIG | American International Group, Inc. | 4.32% | 14.8 | 8.5 | 1.6 | 2.48% | 3.36% |
| EG | Everest Group, Ltd. | 4.07% | 8.2 | 6.2 | 0.9 | 2.06% | 5.68% |
| WRB | W. R. Berkley Corporation | 4.03% | 15.5 | 13.8 | 1.9 | 0.53% | 2.99% |
| ACGL | Arch Capital Group Ltd. | 4.01% | 7.9 | 9.6 | 1.8 | — | 5.82% |
| BRO | Brown & Brown, Inc. | 3.96% | 21.9 | 12.6 | 3.5 | 0.95% | 2.08% |
| AJG | Arthur J. Gallagher & Co. | 3.94% | 42.3 | 16.3 | 4.3 | 1.10% | 1.07% |
| CINF | Cincinnati Financial Corporation | 3.87% | 8.1 | 18.5 | 1.9 | 2.20% | 5.50% |
| ALL | The Allstate Corporation | 3.81% | 5.0 | 8.3 | 0.9 | 1.74% | 8.84% |
| HIG | The Hartford Financial Services Group, Inc. | 3.68% | 9.6 | 9.2 | 1.2 | 1.78% | 4.43% |
| WTW | Willis Towers Watson Public Limited Company | 3.67% | 19.5 | 13.1 | 2.9 | 1.22% | 2.16% |
| RNR | RenaissanceRe Holdings Ltd. | 3.60% | 6.1 | 8.1 | 1.3 | 0.47% | 6.82% |
| AIZ | Assurant, Inc. | 3.47% | 13.6 | 10.9 | 1.0 | 1.24% | 2.94% |
| AFG | American Financial Group, Inc. | 3.11% | 13.0 | 11.5 | 1.5 | 2.60% | 2.74% |
| THG | The Hanover Insurance Group, Inc. | 2.20% | 11.2 | 11.1 | 1.2 | 1.63% | 2.26% |
| AXS | AXIS Capital Holdings Limited | 1.87% | 7.1 | 7.3 | 1.1 | 1.77% | 3.03% |
| RLI | RLI Corp. | 1.46% | 12.8 | 20.5 | 2.8 | 1.18% | 1.31% |
| SIGI | Selective Insurance Group, Inc. | 1.45% | 10.9 | 9.8 | 1.0 | 1.93% | 1.53% |
| MCY | Mercury General Corporation | 1.41% | 6.1 | 19.8 | 0.9 | 1.24% | 2.67% |
| RYAN | Ryan Specialty Holdings, Inc. | 1.37% | 57.4 | 14.6 | 3.3 | 1.28% | 0.27% |
| AGPXX | Invesco Short-Term Investments Trust Government & Agency Portfolio Institutional | 0.06% | — | — | — | — | — |
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 KBWP valuation
Adding up its 24 holdings with company data, KBWP trades at 11.4 times trailing earnings and 11.2 times analysts' forward estimates, with a price-to-book ratio of 2.01 and a dividend yield of 1.32%. Its earnings yield of 8.74% is 3.42 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 60.6% of the fund and earn 54.4% of its combined profit. 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 99.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: KBWP chart, KBWP performance, KBWP holdings, KBWP dividends.
KBWP valuation FAQ
What is the P/E ratio of KBWP?
Based on its holdings, KBWP has a trailing P/E of 11.4 and a forward P/E of 11.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of KBWP?
The trailing earnings yield is 8.74% (1 ÷ P/E) and the forward earnings yield 8.91%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is KBWP more expensive than the S&P 500?
KBWP trades at 11.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 11.2 and 19.9.
What is the price-to-book ratio of KBWP?
The holdings of KBWP trade at 2.01 times book value, with a combined return on equity of 17.5%.