Invesco Next Gen Connectivity ETF (KNCT) Valuation
KNCT valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 33.4 trailing earnings
- Forward P/E
- 19.5 analyst estimates
- Price / sales
- 5.83
- Price / book
- 7.91
- EV / EBITDA
- 24.0
- Earnings yield
- 3.00% inverse of P/E
- Dividend yield
- 0.95% of the holdings
- Return on equity
- 23.7% combined
- Net margin
- 17.5% combined
- Beta
- 1.40 weighted, vs S&P 500
KNCT valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| KNCT | 33.4 | 19.5 | 5.83 | 7.91 | 0.95% | 23.7% | 17.5% | 10.2% |
| 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.
KNCT valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 85.9% | 41.2 | 21.5 | 8.94 | 11.90 | 0.50% | 28.9% |
| Communication Services | 10.8% | 10.1 | 8.4 | 1.12 | 1.66 | 4.91% | 16.4% |
| Real Estate | 3.4% | 39.1 | 33.4 | 8.79 | 6.60 | 3.13% | 16.9% |
KNCT 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 KNCT weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
KNCT largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 9.21% | 39.4 | 35.2 | 10.7 | 0.31% | 10.77% |
| AVGO | Broadcom Inc. | 8.21% | 43.3 | 19.4 | 17.6 | 0.79% | 8.73% |
| 2330 | Taiwan Semiconductor Manufacturing Co. Ltd. | 7.94% | — | — | — | — | — |
| MU | Micron Technology, Inc. | 7.86% | 11.8 | 7.0 | 7.5 | 0.07% | 30.64% |
| SSNLF | Samsung Electronics Co Ltd | 5.71% | — | — | — | — | — |
| INTC | Intel Corporation | 4.51% | — | 63.3 | 8.3 | — | −4.90% |
| 000660 | SK Hynix Inc | 4.50% | — | — | — | — | — |
| CSCO | Cisco Systems, Inc. | 4.04% | 32.2 | 19.8 | 6.7 | 1.56% | 5.77% |
| PANW | Palo Alto Networks, Inc. | 3.05% | 855.0 | 94.3 | 24.4 | — | 0.16% |
| CRWD | CrowdStrike Holdings, Inc. | 2.51% | — | 208.3 | 43.1 | — | 0.03% |
| MRVL | Marvell Technology, Inc. | 2.26% | 72.3 | 62.1 | 21.7 | 0.11% | 1.44% |
| ANET | Arista Networks, Inc. | 2.07% | 55.8 | 39.2 | 21.2 | — | 1.71% |
| VZ | Verizon Communications Inc. | 2.06% | 11.7 | 8.7 | 1.3 | 6.32% | 8.15% |
| QCOM | QUALCOMM Incorporated | 1.88% | 19.9 | 19.6 | 4.2 | 2.14% | 4.36% |
| T | AT&T Inc. | 1.75% | 7.7 | 9.9 | 1.3 | 4.74% | 10.41% |
| IBM | International Business Machines Corporation | 1.61% | 20.6 | 17.4 | 3.2 | 2.91% | 3.59% |
| APH | Amphenol Corporation | 1.60% | 39.7 | 24.6 | 6.7 | 0.63% | 1.86% |
| FTNT | Fortinet, Inc. | 1.20% | 59.8 | 45.0 | 16.5 | — | 0.92% |
| EQIX | Equinix, Inc. | 1.10% | 63.4 | 52.1 | 9.8 | 2.09% | 0.80% |
| NET | Cloudflare, Inc. | 1.00% | — | 178.6 | 42.0 | — | −0.08% |
| ACN | Accenture plc | 0.99% | 16.9 | 12.4 | 1.9 | 2.98% | 2.70% |
| DDOG | Datadog, Inc. | 0.98% | 494.2 | 84.7 | 22.4 | — | 0.09% |
| AMT | American Tower Corporation | 0.95% | 25.5 | 24.6 | 7.9 | 3.86% | 1.72% |
| SNPS | Synopsys, Inc. | 0.92% | 80.3 | 23.3 | 9.3 | — | 0.53% |
| CDNS | Cadence Design Systems, Inc. | 0.86% | 63.5 | 31.5 | 15.1 | — | 0.62% |
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 KNCT valuation
Adding up its 60 holdings with company data, KNCT trades at 33.4 times trailing earnings and 19.5 times analysts' forward estimates, with a price-to-book ratio of 7.91 and a dividend yield of 0.95%. Its earnings yield of 3.00% is 2.33 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 57.5% of the fund and earn 62.5% of its combined profit. By sector, Technology is the most expensive at 41.2 times earnings and Communication Services the cheapest at 10.1. Companies that lost money over the past year are 10.2% 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 71.8% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: KNCT chart, KNCT performance, KNCT holdings, KNCT dividends.
KNCT valuation FAQ
What is the P/E ratio of KNCT?
Based on its holdings, KNCT has a trailing P/E of 33.4 and a forward P/E of 19.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of KNCT?
The trailing earnings yield is 3.00% (1 ÷ P/E) and the forward earnings yield 5.13%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is KNCT more expensive than the S&P 500?
KNCT trades at 33.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.5 and 19.9.
What is the price-to-book ratio of KNCT?
The holdings of KNCT trade at 7.91 times book value, with a combined return on equity of 23.7%.
Which sector in KNCT has the highest P/E?
Technology has the highest P/E at 41.2 and Communication Services the lowest at 10.1.