Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) Valuation
PRFZ valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 306.3 trailing earnings
- Forward P/E
- 14.5 analyst estimates
- Price / sales
- 1.44
- Price / book
- 2.33
- EV / EBITDA
- 7.9
- Earnings yield
- 0.33% inverse of P/E
- Dividend yield
- 1.18% of the holdings
- Return on equity
- 0.8% combined
- Net margin
- 0.5% combined
- Beta
- 1.13 weighted, vs S&P 500
PRFZ valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| PRFZ | 306.3 | 14.5 | 1.44 | 2.33 | 1.18% | 0.8% | 0.5% | 23.6% |
| 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.
PRFZ valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 19.8% | 134.5 | 16.9 | 2.23 | 3.73 | 0.15% | 2.8% |
| Healthcare | 18.0% | n/m | 15.6 | 2.31 | 3.39 | 0.05% | −14.2% |
| Financial Services | 15.1% | 14.0 | 11.7 | 2.50 | 1.54 | 2.13% | 11.0% |
| Industrials | 13.7% | 172.1 | 15.6 | 1.06 | 2.64 | 0.81% | 1.5% |
| Consumer Cyclical | 10.5% | n/m | 13.9 | 0.73 | 2.72 | 1.04% | −2.9% |
| Real Estate | 6.3% | n/m | 20.9 | 2.24 | 1.34 | 5.31% | −0.4% |
| Energy | 5.2% | 38.2 | 10.3 | 1.28 | 1.69 | 2.65% | 4.4% |
| Consumer Defensive | 3.3% | n/m | 11.6 | 0.65 | 1.60 | 0.70% | −3.2% |
| Basic Materials | 2.9% | 73.6 | 14.7 | 1.03 | 2.38 | 1.08% | 3.2% |
| Communication Services | 2.9% | n/m | 14.4 | 0.78 | 2.06 | 0.69% | −19.8% |
| Utilities | 1.3% | 26.6 | 21.0 | 2.52 | 2.01 | 2.73% | 7.6% |
| Services | 0.2% | 16.0 | 15.2 | 1.47 | 2.89 | 2.82% | 18.0% |
| Financials | 0.1% | 16.2 | — | 4.22 | 1.27 | 1.94% | 7.8% |
PRFZ 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 PRFZ weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
PRFZ largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| PAYC | Paycom Software, Inc. | 0.49% | 26.6 | 16.7 | 5.3 | 0.60% | 5.93% |
| DOCU | DocuSign, Inc. | 0.46% | 45.5 | 15.1 | 4.2 | — | 3.29% |
| IOVA | Iovance Biotherapeutics, Inc. | 0.43% | — | — | 19.0 | — | −7.11% |
| SN | SharkNinja, Inc. | 0.43% | 38.1 | 23.1 | 3.8 | — | 3.67% |
| CRGY | Crescent Energy Company | 0.43% | 125.2 | 6.3 | 1.3 | 3.49% | 1.10% |
| DT | Dynatrace, Inc. | 0.39% | 122.2 | 29.6 | 8.5 | — | 1.03% |
| TXG | 10x Genomics, Inc. | 0.38% | — | — | 14.8 | — | −0.95% |
| CBRL | Cracker Barrel Old Country Store, Inc. | 0.36% | 49.3 | 48.5 | 0.5 | 1.45% | 2.36% |
| PARR | Par Pacific Holdings, Inc. | 0.35% | 4.9 | 10.5 | 0.5 | — | 23.02% |
| ROIV | Roivant Sciences Ltd. | 0.34% | — | — | 3,215.5 | — | −1.74% |
| IRDM | Iridium Communications Inc | 0.33% | 49.7 | 24.5 | 5.2 | 1.37% | 2.15% |
| HALO | Halozyme Therapeutics, Inc. | 0.33% | 35.6 | 11.5 | 8.3 | — | 2.99% |
| QLYS | Qualys, Inc. | 0.33% | 31.4 | 21.9 | 9.1 | — | 3.38% |
| TECH | Bio-Techne Corporation | 0.33% | 62.6 | 34.6 | 9.4 | 0.44% | 1.69% |
| GRAL | GRAIL, Inc. | 0.33% | — | — | 31.8 | — | −8.70% |
| NOG | Northern Oil and Gas, Inc. | 0.32% | — | 4.6 | 1.4 | 6.63% | −18.71% |
| MANH | Manhattan Associates, Inc. | 0.32% | 63.8 | 40.3 | 11.5 | — | 1.62% |
| TREX | Trex Company, Inc. | 0.32% | 26.9 | 21.0 | 3.9 | — | 3.81% |
| HUBS | HubSpot, Inc. | 0.32% | 82.5 | 13.9 | 3.4 | — | 1.24% |
| HRB | H&R Block, Inc. | 0.31% | 8.6 | 6.8 | 1.5 | 3.78% | 11.68% |
| HAE | Haemonetics Corporation | 0.31% | 57.1 | 20.3 | 4.0 | — | 1.74% |
| CVLT | Commvault Systems, Inc. | 0.30% | 95.0 | 28.0 | 5.1 | — | 1.03% |
| NTRA | Natera, Inc. | 0.30% | — | — | 20.9 | — | −0.33% |
| RXO | RXO, Inc. | 0.29% | — | — | 0.8 | — | −2.06% |
| GWRE | Guidewire Software, Inc. | 0.29% | 103.6 | 34.8 | 9.4 | — | 0.90% |
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 PRFZ valuation
Adding up its 1,369 holdings with company data, PRFZ trades at 306.3 times trailing earnings and 14.5 times analysts' forward estimates, with a price-to-book ratio of 2.33 and a dividend yield of 1.18%. Its earnings yield of 0.33% is 5.00 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 4.1% of the fund and earn 30.6% of its combined profit. By sector, Industrials is the most expensive at 172.1 times earnings and Financial Services the cheapest at 14.0. Companies that lost money over the past year are 23.6% 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 94.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: PRFZ chart, PRFZ performance, PRFZ holdings, PRFZ dividends.
PRFZ valuation FAQ
What is the P/E ratio of PRFZ?
Based on its holdings, PRFZ has a trailing P/E of 306.3 and a forward P/E of 14.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of PRFZ?
The trailing earnings yield is 0.33% (1 ÷ P/E) and the forward earnings yield 6.88%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is PRFZ more expensive than the S&P 500?
PRFZ trades at 306.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 14.5 and 19.9.
What is the price-to-book ratio of PRFZ?
The holdings of PRFZ trade at 2.33 times book value, with a combined return on equity of 0.8%.
Which sector in PRFZ has the highest P/E?
Industrials has the highest P/E at 172.1 and Financial Services the lowest at 14.0.