Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) Valuation
PEZ valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 30.2 trailing earnings
- Forward P/E
- 16.6 analyst estimates
- Price / sales
- 1.03
- Price / book
- 3.93
- EV / EBITDA
- 13.7
- Earnings yield
- 3.31% inverse of P/E
- Dividend yield
- 0.88% of the holdings
- Return on equity
- 13.0% combined
- Net margin
- 3.4% combined
- Beta
- 1.08 weighted, vs S&P 500
PEZ valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| PEZ | 30.2 | 16.6 | 1.03 | 3.93 | 0.88% | 13.0% | 3.4% | 7.3% |
| 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.
PEZ valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Consumer Cyclical | 61.7% | 26.6 | 15.8 | 1.38 | 4.64 | 0.61% | 17.4% |
| Industrials | 8.7% | 16.4 | 14.7 | 0.78 | 1.98 | 0.89% | 12.1% |
| Communication Services | 7.9% | 43.6 | 23.2 | 2.47 | 3.88 | 0.35% | 8.9% |
| Technology | 6.0% | 57.4 | 28.5 | 7.58 | 4.22 | 0.96% | 7.3% |
| Healthcare | 5.7% | 35.1 | 17.7 | 0.23 | 16.07 | 0.81% | 45.7% |
| Consumer Defensive | 5.2% | n/m | 12.0 | 0.49 | 1.61 | 2.83% | −4.8% |
| Real Estate | 2.9% | 27.4 | 29.5 | 6.55 | 15.01 | 4.40% | 54.8% |
PEZ 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 PEZ weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
PEZ largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| CAH | Cardinal Health, Inc. | 5.74% | 35.1 | 17.7 | 0.2 | 0.81% | 5.02% |
| CAKE | The Cheesecake Factory Incorporated | 4.31% | 31.1 | 22.6 | 1.5 | 1.04% | 4.25% |
| HLT | Hilton Worldwide Holdings Inc. | 4.20% | 50.6 | 28.7 | 15.2 | 0.17% | 2.55% |
| FIVE | Five Below, Inc. | 4.18% | 20.0 | 22.1 | 2.3 | — | 6.44% |
| MAR | Marriott International, Inc. | 4.13% | 40.1 | 26.5 | 13.7 | 0.75% | 3.17% |
| FIGS | FIGS, Inc. | 4.12% | 57.9 | 31.5 | 4.5 | — | 2.19% |
| HAS | Hasbro, Inc. | 3.95% | 17.8 | 13.5 | 2.8 | 2.84% | 6.85% |
| GRMN | Garmin Ltd. | 3.92% | 29.4 | 24.8 | 7.2 | 1.47% | 4.10% |
| EBAY | eBay Inc. | 3.86% | 25.3 | 16.6 | 4.5 | 1.03% | 4.69% |
| EXPE | Expedia Group, Inc. | 3.83% | 18.0 | 11.3 | 2.2 | 0.66% | 6.53% |
| DASH | DoorDash, Inc. | 3.79% | 99.6 | 38.0 | 5.2 | — | 1.17% |
| ANF | Abercrombie & Fitch Co. | 3.53% | 13.2 | 10.0 | 1.2 | — | 8.21% |
| ARMK | Aramark | 3.37% | 38.7 | 21.5 | 0.7 | 0.87% | 2.68% |
| GM | General Motors Company | 3.31% | 37.7 | 5.6 | 0.4 | 0.86% | 2.70% |
| DDS | Dillard's, Inc. | 2.99% | 15.2 | 35.2 | 1.6 | 0.18% | 6.05% |
| CNK | Cinemark Holdings, Inc | 2.94% | 21.4 | 13.6 | 1.3 | 0.94% | 4.23% |
| DAL | Delta Air Lines, Inc. | 2.88% | 15.0 | 9.2 | 0.7 | 1.14% | 5.88% |
| LAMR | Lamar Advertising Company | 2.86% | 27.4 | 29.5 | 6.6 | 4.40% | 3.21% |
| KMX | CarMax, Inc. | 2.77% | 25.3 | 21.6 | 0.3 | — | 3.38% |
| ROST | Ross Stores, Inc. | 2.74% | 28.6 | 27.4 | 3.1 | 0.75% | 2.95% |
| FTDR | Frontdoor, Inc. | 2.73% | 20.8 | 14.5 | 2.5 | — | 4.03% |
| PSMT | PriceSmart, Inc. | 2.66% | 32.7 | 27.5 | 0.9 | 0.82% | 2.50% |
| LTH | Life Time Group Holdings, Inc. | 2.64% | 22.1 | 20.2 | 2.8 | — | 3.67% |
| MSGS | Madison Square Garden Sports Corp. | 2.62% | — | 72.5 | 8.3 | — | 0.07% |
| DAN | Dana Incorporated | 2.58% | — | 6.0 | 0.4 | 1.66% | −0.99% |
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 PEZ valuation
Adding up its 30 holdings with company data, PEZ trades at 30.2 times trailing earnings and 16.6 times analysts' forward estimates, with a price-to-book ratio of 3.93 and a dividend yield of 0.88%. Its earnings yield of 3.31% is 2.02 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 42.2% of the fund and earn 45.8% of its combined profit. By sector, Technology is the most expensive at 57.4 times earnings and Industrials the cheapest at 16.4. Companies that lost money over the past year are 7.3% 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 97.3% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: PEZ chart, PEZ performance, PEZ holdings, PEZ dividends.
PEZ valuation FAQ
What is the P/E ratio of PEZ?
Based on its holdings, PEZ has a trailing P/E of 30.2 and a forward P/E of 16.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of PEZ?
The trailing earnings yield is 3.31% (1 ÷ P/E) and the forward earnings yield 6.02%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is PEZ more expensive than the S&P 500?
PEZ trades at 30.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 16.6 and 19.9.
What is the price-to-book ratio of PEZ?
The holdings of PEZ trade at 3.93 times book value, with a combined return on equity of 13.0%.
Which sector in PEZ has the highest P/E?
Technology has the highest P/E at 57.4 and Industrials the lowest at 16.4.