Invesco MSCI North America Climate ETF (KLMN) Valuation
KLMN valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 26.9 trailing earnings
- Forward P/E
- 20.3 analyst estimates
- Price / sales
- 3.80
- Price / book
- 5.86
- EV / EBITDA
- 17.6
- Earnings yield
- 3.72% inverse of P/E
- Dividend yield
- 1.13% of the holdings
- Return on equity
- 21.8% combined
- Net margin
- 14.1% combined
- Beta
- 1.15 weighted, vs S&P 500
KLMN valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| KLMN | 26.9 | 20.3 | 3.80 | 5.86 | 1.13% | 21.8% | 14.1% | 2.0% |
| 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.
KLMN valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 38.2% | 33.5 | 24.1 | 9.03 | 12.58 | 0.56% | 37.5% |
| Financial Services | 12.1% | 16.8 | 14.3 | 3.93 | 2.80 | 1.64% | 16.7% |
| Healthcare | 9.6% | 35.1 | 17.1 | 1.60 | 5.30 | 1.71% | 15.1% |
| Consumer Cyclical | 9.0% | 28.6 | 23.3 | 2.72 | 6.79 | 0.77% | 23.8% |
| Communication Services | 8.7% | 17.6 | 18.4 | 4.61 | 4.67 | 0.84% | 26.5% |
| Industrials | 7.4% | 29.2 | 22.9 | 3.38 | 6.52 | 1.13% | 22.3% |
| Consumer Defensive | 5.4% | 33.2 | 21.2 | 2.00 | 6.37 | 2.55% | 19.2% |
| Energy | 4.0% | 20.6 | 14.0 | 2.37 | 2.43 | 2.34% | 11.8% |
| Basic Materials | 2.2% | 24.4 | 17.9 | 3.56 | 4.16 | 1.33% | 17.0% |
| Real Estate | 2.1% | 35.6 | 36.4 | 5.97 | 3.60 | 2.90% | 10.1% |
| Utilities | 0.8% | 19.3 | 16.4 | 3.05 | 1.97 | 2.86% | 10.2% |
KLMN 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 KLMN weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
KLMN largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 7.53% | 39.4 | 35.2 | 10.7 | 0.31% | 5.38% |
| NVDA | NVIDIA Corporation | 7.39% | 27.1 | 24.9 | 17.1 | 0.47% | 7.69% |
| MSFT | Microsoft Corporation | 5.24% | 29.5 | 25.1 | 11.8 | 0.74% | 5.01% |
| AMZN | Amazon.com, Inc. | 3.66% | 20.1 | 23.6 | 3.5 | — | 5.12% |
| GOOGL | Alphabet Inc. | 2.99% | 17.1 | 22.8 | 9.3 | 0.26% | 4.93% |
| AVGO | Broadcom Inc. | 2.13% | 43.3 | 19.4 | 17.6 | 0.79% | 1.38% |
| META | Meta Platforms, Inc. | 2.00% | 26.7 | 22.1 | 7.9 | 0.30% | 2.11% |
| GOOG | Alphabet Inc. | 1.76% | 16.9 | 21.8 | 9.2 | 0.26% | 2.94% |
| TSLA | Tesla, Inc. | 1.50% | 328.4 | 158.7 | 13.5 | — | 0.13% |
| MU | Micron Technology, Inc. | 1.48% | 11.8 | 7.0 | 7.5 | 0.07% | 3.52% |
| LLY | Eli Lilly and Company | 1.43% | 42.2 | 24.4 | 14.1 | 0.55% | 0.96% |
| JPM | JPMorgan Chase & Co. | 1.29% | 14.2 | 13.5 | 4.7 | 1.94% | 2.55% |
| AMD | Advanced Micro Devices, Inc. | 1.23% | 134.9 | 39.5 | 20.9 | — | 0.26% |
| XOM | Exxon Mobil Corporation | 1.14% | 23.0 | 14.8 | 2.0 | 2.30% | 1.40% |
| V | Visa Inc. | 1.09% | 34.3 | 24.0 | 17.0 | 0.67% | 0.89% |
| JNJ | Johnson & Johnson | 1.06% | 38.8 | 21.0 | 6.2 | 2.10% | 0.77% |
| MA | Mastercard Incorporated | 0.85% | 34.0 | 24.2 | 15.4 | 0.56% | 0.70% |
| WMT | Walmart Inc. | 0.78% | 43.0 | 38.0 | 1.3 | 0.83% | 0.51% |
| ABBV | AbbVie Inc. | 0.77% | 80.6 | 16.4 | 7.8 | 2.42% | 0.27% |
| CSCO | Cisco Systems, Inc. | 0.69% | 32.2 | 19.8 | 6.7 | 1.56% | 0.61% |
| COST | Costco Wholesale Corporation | 0.69% | 47.6 | 40.3 | 1.4 | 0.59% | 0.41% |
| PLTR | Palantir Technologies Inc. | 0.66% | 160.4 | 85.5 | 72.6 | — | 0.12% |
| CVX | Chevron Corporation | 0.66% | 21.2 | 15.2 | 2.1 | 3.16% | 0.87% |
| KO | The Coca-Cola Company | 0.65% | 28.2 | 25.3 | 8.1 | 2.26% | 0.65% |
| PG | The Procter & Gamble Company | 0.64% | 24.1 | 21.2 | 4.3 | 2.73% | 0.74% |
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 KLMN valuation
Adding up its 247 holdings with company data, KLMN trades at 26.9 times trailing earnings and 20.3 times analysts' forward estimates, with a price-to-book ratio of 5.86 and a dividend yield of 1.13%. Its earnings yield of 3.72% is 1.61 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 35.7% of the fund and earn 38.2% of its combined profit. By sector, Real Estate is the most expensive at 35.6 times earnings and Financial Services the cheapest at 16.8. Companies that lost money over the past year are 2.0% 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 95.1% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: KLMN chart, KLMN performance, KLMN holdings, KLMN dividends.
KLMN valuation FAQ
What is the P/E ratio of KLMN?
Based on its holdings, KLMN has a trailing P/E of 26.9 and a forward P/E of 20.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of KLMN?
The trailing earnings yield is 3.72% (1 ÷ P/E) and the forward earnings yield 4.93%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is KLMN more expensive than the S&P 500?
KLMN trades at 26.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 20.3 and 19.9.
What is the price-to-book ratio of KLMN?
The holdings of KLMN trade at 5.86 times book value, with a combined return on equity of 21.8%.
Which sector in KLMN has the highest P/E?
Real Estate has the highest P/E at 35.6 and Financial Services the lowest at 16.8.