Invesco High Yield Equity Dividend Achievers ETF (PEY) Valuation
PEY valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 31.8 trailing earnings
- Forward P/E
- 10.9 analyst estimates
- Price / sales
- 0.90
- Price / book
- 1.58
- EV / EBITDA
- 10.1
- Earnings yield
- 3.14% inverse of P/E
- Dividend yield
- 5.07% of the holdings
- Return on equity
- 5.0% combined
- Net margin
- 2.8% combined
- Beta
- 0.71 weighted, vs S&P 500
PEY valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| PEY | 31.8 | 10.9 | 0.90 | 1.58 | 5.07% | 5.0% | 2.8% | 13.0% |
| 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.
PEY valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Consumer Defensive | 20.5% | 23.9 | 14.5 | 0.63 | 1.80 | 5.97% | 7.5% |
| Financial Services | 20.4% | 14.0 | 10.1 | 2.32 | 1.30 | 4.39% | 9.3% |
| Utilities | 17.0% | 10.5 | 11.0 | 1.42 | 1.36 | 4.80% | 13.0% |
| Industrials | 9.9% | 17.8 | 15.4 | 0.61 | 3.23 | 5.58% | 18.1% |
| Consumer Cyclical | 8.7% | 21.2 | 10.0 | 0.57 | 3.10 | 4.16% | 14.6% |
| Healthcare | 8.4% | n/m | 7.5 | 0.95 | 1.20 | 6.06% | −39.0% |
| Basic Materials | 4.2% | 47.8 | 9.1 | 0.72 | 1.51 | 4.80% | 3.2% |
| Communication Services | 4.1% | 9.0 | 7.2 | 0.88 | 1.25 | 6.19% | 13.9% |
| Technology | 3.2% | 14.5 | 12.2 | 0.77 | 1.03 | 4.11% | 7.1% |
| Energy | 1.7% | 21.2 | 15.2 | 2.11 | 2.12 | 3.16% | 10.0% |
| Services | 1.2% | 14.2 | 15.3 | 1.60 | 2.99 | 2.71% | 21.0% |
PEY 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 PEY weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
PEY largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| PRGO | Perrigo Company plc | 3.94% | — | 6.0 | 0.6 | 6.98% | −93.16% |
| FLO | Flowers Foods, Inc. | 3.59% | 22.6 | 22.9 | 0.2 | 8.18% | 5.08% |
| MO | Altria Group, Inc. | 3.15% | 15.8 | 11.9 | 6.1 | 5.91% | 6.39% |
| EIX | Edison International | 3.07% | 5.8 | 8.2 | 1.1 | 6.28% | 17.05% |
| PFE | Pfizer Inc. | 2.87% | 38.9 | 9.7 | 2.6 | 5.81% | 2.36% |
| UVV | Universal Corporation | 2.86% | 53.5 | 12.0 | 0.4 | 8.16% | 1.71% |
| UPS | United Parcel Service, Inc. | 2.76% | 18.1 | 12.0 | 0.9 | 6.73% | 4.88% |
| BBY | Best Buy Co., Inc. | 2.71% | 15.4 | 13.6 | 0.5 | 4.15% | 5.62% |
| AVA | Avista Corporation | 2.35% | 13.2 | 13.0 | 1.6 | 5.37% | 5.69% |
| HRL | Hormel Foods Corporation | 2.31% | 32.9 | 12.9 | 0.9 | 5.74% | 2.25% |
| LYB | LyondellBasell Industries N.V. | 2.31% | — | 9.1 | 0.7 | 4.31% | −0.96% |
| VZ | Verizon Communications Inc. | 2.28% | 11.7 | 8.7 | 1.3 | 6.32% | 6.27% |
| AES | The AES Corporation | 2.24% | 5.6 | 6.6 | 0.8 | 4.71% | 12.80% |
| KMB | Kimberly-Clark Corporation | 2.16% | 20.8 | 13.1 | 2.1 | 4.85% | 3.32% |
| MAIN | Main Street Capital Corporation | 2.13% | 10.8 | 13.4 | 8.8 | 5.91% | 6.32% |
| PRU | Prudential Financial, Inc. | 2.11% | 10.5 | 9.8 | 0.6 | 4.83% | 6.45% |
| CLX | The Clorox Company | 2.02% | 18.1 | 14.9 | 1.6 | 5.74% | 3.57% |
| NSP | Insperity, Inc. | 2.00% | — | 18.1 | 0.3 | 4.67% | −0.55% |
| BKH | Black Hills Corporation | 1.99% | 19.3 | 15.0 | 2.5 | 3.67% | 3.30% |
| ES | Eversource Energy | 1.99% | 17.3 | 13.3 | 1.8 | 4.71% | 3.67% |
| EMN | Eastman Chemical Company | 1.93% | 16.3 | 9.2 | 0.8 | 5.39% | 3.81% |
| PEBO | Peoples Bancorp Inc. | 1.93% | 11.1 | 9.8 | 3.0 | 4.58% | 5.57% |
| NWN | Northwest Natural Holding Company | 1.90% | 16.3 | 14.5 | 1.6 | 4.08% | 3.75% |
| RHI | Robert Half International Inc. | 1.87% | 29.0 | 16.7 | 0.6 | 7.09% | 2.07% |
| TROW | T. Rowe Price Group, Inc. | 1.87% | 10.1 | 10.2 | 2.8 | 5.15% | 5.92% |
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 PEY valuation
Adding up its 50 holdings with company data, PEY trades at 31.8 times trailing earnings and 10.9 times analysts' forward estimates, with a price-to-book ratio of 1.58 and a dividend yield of 5.07%. Its earnings yield of 3.14% is 2.19 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 29.6% of the fund and earn −42.1% of its combined profit. By sector, Basic Materials is the most expensive at 47.8 times earnings and Communication Services the cheapest at 9.0. Companies that lost money over the past year are 13.0% 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 99.7% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: PEY chart, PEY performance, PEY holdings, PEY dividends.
PEY valuation FAQ
What is the P/E ratio of PEY?
Based on its holdings, PEY has a trailing P/E of 31.8 and a forward P/E of 10.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of PEY?
The trailing earnings yield is 3.14% (1 ÷ P/E) and the forward earnings yield 9.15%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is PEY more expensive than the S&P 500?
PEY trades at 31.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 10.9 and 19.9.
What is the price-to-book ratio of PEY?
The holdings of PEY trade at 1.58 times book value, with a combined return on equity of 5.0%.
Which sector in PEY has the highest P/E?
Basic Materials has the highest P/E at 47.8 and Communication Services the lowest at 9.0.