Invesco BuyBack Achievers ETF (PKW) Valuation

NASDAQ: PKWP/E, earnings yield and other ratios of the holdings combined.

PKW valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 16.1
Forward P/E: 10.6
Price / sales: 1.36
Price / book: 2.47
EV / EBITDA: 10.1
Earnings yield: 6.22%
Dividend yield: 1.25%
Return on equity: 15.3%
Net margin: 8.4%
Beta: 0.94

PKW valuation vs other stock ETFs

P/E (TTM)Forward P/E

PKW valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
PKW	16.1	10.6	1.36	2.47	1.25%	15.3%	8.4%	2.7%
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.

PKW valuation by sector

P/E (TTM)Forward P/E

PKW valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Financial Services	38.5%	12.1	10.5	2.48	1.65	1.93%	13.6%
Technology	17.5%	20.2	12.0	2.70	5.02	0.32%	24.8%
Consumer Cyclical	11.6%	17.0	9.2	0.62	2.09	1.02%	12.3%
Energy	10.3%	18.9	8.0	0.95	5.18	0.90%	27.4%
Healthcare	8.3%	18.5	14.0	1.69	5.47	0.59%	29.6%
Industrials	7.7%	42.5	15.8	1.34	3.96	1.18%	9.3%
Consumer Defensive	3.0%	48.3	11.5	0.35	2.78	1.67%	5.8%
Communication Services	1.8%	10.0	6.2	0.84	1.79	0.59%	17.9%
Basic Materials	1.0%	11.3	10.3	1.37	2.63	1.59%	23.3%
Real Estate	0.4%	n/m	34.9	1.77	1.12	5.42%	−0.3%

PKW earnings yield vs bond yields

PKW earnings yield (forward)

9.42%

PKW earnings yield (trailing)

6.22%

PKW dividend yield

1.25%

Bond market yield (AGG)

5.33%

T-bill yield (BIL)

3.91%

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 PKW weight splits by P/E

Share of the covered weight in companies with a trailing P/E in each range.

PKW largest holdings: valuation

PKW largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
CRM	Salesforce, Inc.	6.62%	22.0	14.0	4.5	0.73%	4.85%
WFC	Wells Fargo & Company	4.77%	11.8	10.2	3.0	2.38%	6.50%
SCHW	The Charles Schwab Corporation	4.35%	15.7	12.9	5.9	1.39%	4.47%
BAC	Bank of America Corporation	4.20%	12.2	10.8	3.1	2.50%	5.54%
C	Citigroup Inc.	4.02%	12.1	10.2	2.5	2.16%	5.36%
MPC	Marathon Petroleum Corporation	4.00%	16.6	5.5	0.9	0.84%	3.90%
VLO	Valero Energy Corporation	3.74%	18.5	10.2	1.0	1.08%	3.26%
ADBE	Adobe Inc.	3.46%	13.7	8.7	3.7	—	4.07%
JCI	Johnson Controls International plc	3.09%	41.1	23.9	3.5	1.10%	1.21%
TRV	The Travelers Companies, Inc.	2.81%	10.5	10.8	1.7	1.28%	4.33%
HCA	HCA Healthcare, Inc.	2.57%	15.4	13.9	1.3	0.68%	2.69%
GM	General Motors Company	2.24%	37.7	5.6	0.4	0.86%	0.96%
LNG	Cheniere Energy, Inc.	2.19%	21.9	13.5	2.9	0.77%	1.61%
AFL	Aflac Incorporated	1.97%	12.9	15.2	3.3	2.03%	2.46%
PYPL	PayPal Holdings, Inc.	1.79%	10.7	9.1	1.4	0.99%	2.69%
AIG	American International Group, Inc.	1.35%	14.8	8.5	1.6	2.48%	1.47%
MSCI	MSCI Inc.	1.29%	31.1	24.7	12.4	1.44%	0.67%
AMP	Ameriprise Financial, Inc.	1.27%	12.1	9.8	2.2	1.36%	1.69%
WDAY	Workday, Inc.	1.19%	38.9	17.7	4.5	—	0.49%
KR	The Kroger Co.	1.16%	35.4	11.3	0.3	2.45%	0.53%
DHI	D.R. Horton, Inc.	1.07%	12.9	11.9	1.2	1.29%	1.34%
ZTS	Zoetis Inc.	1.06%	13.1	12.0	3.4	2.67%	1.31%
ACGL	Arch Capital Group Ltd.	1.05%	7.9	9.6	1.8	—	2.15%
EXPE	Expedia Group, Inc.	0.94%	18.0	11.3	2.2	0.66%	0.84%
MTB	M&T Bank Corporation	0.90%	11.4	10.6	3.3	2.79%	1.27%

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 PKW valuation

Adding up its 274 holdings with company data, PKW trades at 16.1 times trailing earnings and 10.6 times analysts' forward estimates, with a price-to-book ratio of 2.47 and a dividend yield of 1.25%. Its earnings yield of 6.22% is 0.89 points above the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 41.1% of the fund and earn 43.5% of its combined profit. By sector, Consumer Defensive is the most expensive at 48.3 times earnings and Communication Services the cheapest at 10.0. Companies that lost money over the past year are 2.7% 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 98.7% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

PKW valuation FAQ

What is the P/E ratio of PKW?

Based on its holdings, PKW has a trailing P/E of 16.1 and a forward P/E of 10.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of PKW?

The trailing earnings yield is 6.22% (1 ÷ P/E) and the forward earnings yield 9.42%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is PKW more expensive than the S&P 500?

PKW trades at 16.1 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 10.6 and 19.9.

What is the price-to-book ratio of PKW?

The holdings of PKW trade at 2.47 times book value, with a combined return on equity of 15.3%.

Which sector in PKW has the highest P/E?

Consumer Defensive has the highest P/E at 48.3 and Communication Services the lowest at 10.0.