Invesco FTSE RAFI US 1000 ETF (PRF) Valuation
PRF valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 24.4 trailing earnings
- Forward P/E
- 14.9 analyst estimates
- Price / sales
- 1.61
- Price / book
- 2.94
- EV / EBITDA
- 12.6
- Earnings yield
- 4.09% inverse of P/E
- Dividend yield
- 1.76% of the holdings
- Return on equity
- 12.0% combined
- Net margin
- 6.6% combined
- Beta
- 0.92 weighted, vs S&P 500
PRF valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| PRF | 24.4 | 14.9 | 1.61 | 2.94 | 1.76% | 12.0% | 6.6% | 5.8% |
| 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.
PRF valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 20.6% | 33.8 | 19.8 | 3.74 | 6.47 | 0.77% | 19.1% |
| Financial Services | 15.9% | 13.5 | 12.1 | 2.40 | 1.77 | 1.88% | 13.1% |
| Healthcare | 13.7% | 50.4 | 14.7 | 1.08 | 3.37 | 1.81% | 6.7% |
| Energy | 9.0% | 18.5 | 11.5 | 1.44 | 2.33 | 2.18% | 12.6% |
| Consumer Cyclical | 8.8% | 31.8 | 14.1 | 0.86 | 2.93 | 1.51% | 9.2% |
| Communication Services | 8.3% | 15.2 | 13.6 | 2.21 | 2.89 | 1.65% | 19.0% |
| Industrials | 8.1% | 29.4 | 17.5 | 1.54 | 4.10 | 1.60% | 13.9% |
| Consumer Defensive | 6.7% | 35.3 | 17.1 | 0.93 | 3.67 | 2.74% | 10.4% |
| Utilities | 3.0% | 17.8 | 14.6 | 2.49 | 1.87 | 3.31% | 10.5% |
| Basic Materials | 2.9% | n/m | 13.4 | 1.15 | 2.24 | 1.99% | −0.9% |
| Real Estate | 2.4% | 35.8 | 24.0 | 3.49 | 2.00 | 4.48% | 5.6% |
PRF 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 PRF weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
PRF largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 4.97% | 39.4 | 35.2 | 10.7 | 0.31% | 3.12% |
| GOOGL | Alphabet Inc. | 3.13% | 17.1 | 22.8 | 9.3 | 0.26% | 4.53% |
| MSFT | Microsoft Corporation | 3.04% | 29.5 | 25.1 | 11.8 | 0.74% | 2.55% |
| AMZN | Amazon.com, Inc. | 2.19% | 20.1 | 23.6 | 3.5 | — | 2.68% |
| XOM | Exxon Mobil Corporation | 2.09% | 23.0 | 14.8 | 2.0 | 2.30% | 2.25% |
| BRK.B | Berkshire Hathaway Inc. | 1.84% | 13.4 | 22.7 | 3.0 | — | 3.40% |
| META | Meta Platforms, Inc. | 1.76% | 26.7 | 22.1 | 7.9 | 0.30% | 1.63% |
| JPM | JPMorgan Chase & Co. | 1.61% | 14.2 | 13.5 | 4.7 | 1.94% | 2.79% |
| CVX | Chevron Corporation | 1.49% | 21.2 | 15.2 | 2.1 | 3.16% | 1.73% |
| UNH | UnitedHealth Group Incorporated | 1.27% | 25.8 | 16.6 | 0.8 | 2.31% | 1.22% |
| JNJ | Johnson & Johnson | 1.03% | 38.8 | 21.0 | 6.2 | 2.10% | 0.66% |
| INTC | Intel Corporation | 1.03% | — | 63.3 | 8.3 | — | −0.60% |
| BAC | Bank of America Corporation | 0.99% | 12.2 | 10.8 | 3.1 | 2.50% | 1.99% |
| MRK | Merck & Co., Inc. | 0.82% | 115.8 | 15.3 | 5.4 | 2.33% | 0.18% |
| PG | The Procter & Gamble Company | 0.82% | 24.1 | 21.2 | 4.3 | 2.73% | 0.85% |
| PFE | Pfizer Inc. | 0.82% | 38.9 | 9.7 | 2.6 | 5.81% | 0.52% |
| WFC | Wells Fargo & Company | 0.81% | 11.8 | 10.2 | 3.0 | 2.38% | 1.70% |
| WMT | Walmart Inc. | 0.80% | 43.0 | 38.0 | 1.3 | 0.83% | 0.46% |
| C | Citigroup Inc. | 0.78% | 12.1 | 10.2 | 2.5 | 2.16% | 1.58% |
| VZ | Verizon Communications Inc. | 0.76% | 11.7 | 8.7 | 1.3 | 6.32% | 1.61% |
| NVDA | NVIDIA Corporation | 0.75% | 27.1 | 24.9 | 17.1 | 0.47% | 0.69% |
| COP | ConocoPhillips | 0.73% | 19.4 | 12.7 | 2.7 | 2.29% | 0.92% |
| VLO | Valero Energy Corporation | 0.70% | 18.5 | 10.2 | 1.0 | 1.08% | 0.94% |
| CSCO | Cisco Systems, Inc. | 0.70% | 32.2 | 19.8 | 6.7 | 1.56% | 0.54% |
| MPC | Marathon Petroleum Corporation | 0.67% | 16.6 | 5.5 | 0.9 | 0.84% | 1.00% |
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 PRF valuation
Adding up its 965 holdings with company data, PRF trades at 24.4 times trailing earnings and 14.9 times analysts' forward estimates, with a price-to-book ratio of 2.94 and a dividend yield of 1.76%. Its earnings yield of 4.09% is 1.24 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 23.4% of the fund and earn 25.9% of its combined profit. By sector, Healthcare is the most expensive at 50.4 times earnings and Financial Services the cheapest at 13.5. Companies that lost money over the past year are 5.8% 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 99.1% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: PRF chart, PRF performance, PRF holdings, PRF dividends.
PRF valuation FAQ
What is the P/E ratio of PRF?
Based on its holdings, PRF has a trailing P/E of 24.4 and a forward P/E of 14.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of PRF?
The trailing earnings yield is 4.09% (1 ÷ P/E) and the forward earnings yield 6.72%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is PRF more expensive than the S&P 500?
PRF trades at 24.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 14.9 and 19.9.
What is the price-to-book ratio of PRF?
The holdings of PRF trade at 2.94 times book value, with a combined return on equity of 12.0%.
Which sector in PRF has the highest P/E?
Healthcare has the highest P/E at 50.4 and Financial Services the lowest at 13.5.