Invesco S&P SmallCap Financials ETF (PSCF) Valuation
PSCF valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 15.7 trailing earnings
- Forward P/E
- 12.4 analyst estimates
- Price / sales
- 1.30
- Price / book
- 1.45
- EV / EBITDA
- 10.9
- Earnings yield
- 6.37% inverse of P/E
- Dividend yield
- 3.38% of the holdings
- Return on equity
- 9.2% combined
- Net margin
- 8.2% combined
- Beta
- 1.04 weighted, vs S&P 500
PSCF valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| PSCF | 15.7 | 12.4 | 1.30 | 1.45 | 3.38% | 9.2% | 8.2% | 7.1% |
| 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.
PSCF valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 66.5% | 13.4 | 10.5 | 1.07 | 1.40 | 2.58% | 10.4% |
| Real Estate | 27.2% | 26.1 | 23.9 | 2.74 | 1.46 | 5.72% | 5.6% |
| Technology | 3.9% | 23.7 | 10.6 | 1.61 | 5.26 | 0.10% | 22.1% |
| Industrials | 0.3% | 9.9 | 5.7 | 0.47 | 1.60 | 1.81% | 16.1% |
PSCF 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 PSCF weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
PSCF largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| RHP | Ryman Hospitality Properties, Inc. | 2.04% | 30.7 | 25.8 | 3.2 | 3.81% | 1.10% |
| JXN | Jackson Financial Inc. | 1.85% | 143.5 | — | 1.4 | 2.76% | 0.21% |
| LNC | Lincoln National Corporation | 1.55% | 3.4 | 5.2 | 0.4 | 4.52% | 7.57% |
| TRNO | Terreno Realty Corporation | 1.55% | 17.2 | 80.0 | 13.9 | 3.56% | 1.49% |
| MAC | The Macerich Company | 1.52% | — | — | 6.6 | 2.96% | −0.68% |
| SNEX | StoneX Group Inc. | 1.38% | 18.9 | 9.8 | 0.0 | — | 1.21% |
| EPRT | Essential Properties Realty Trust, Inc. | 1.35% | 20.2 | 22.8 | 9.2 | 4.91% | 1.10% |
| MKTX | MarketAxess Holdings Inc. | 1.34% | 19.5 | 18.6 | 6.7 | 1.90% | 1.14% |
| AUB | Atlantic Union Bankshares Corporation | 1.34% | 11.3 | 9.1 | 3.6 | 3.88% | 1.97% |
| AX | Axos Financial, Inc. | 1.23% | 10.4 | 9.6 | 3.6 | — | 1.96% |
| VCTR | Victory Capital Holdings, Inc. | 1.19% | 19.9 | 12.7 | 4.3 | 1.84% | 1.00% |
| OUT | Outfront Media Inc. | 1.19% | 21.9 | 19.0 | 2.8 | 4.05% | 0.90% |
| NRZ | New Residential Investment Corp | 1.15% | — | — | — | — | — |
| ABCB | Ameris Bancorp | 1.13% | 14.4 | 13.0 | 4.5 | 1.00% | 1.30% |
| EBC | Eastern Bankshares, Inc. | 1.12% | 11.9 | 9.7 | 4.4 | 2.63% | 1.56% |
| RDN | Radian Group Inc. | 1.11% | 8.4 | 6.3 | 2.7 | 3.00% | 2.20% |
| RELY_old | RELY | 1.11% | — | — | — | — | — |
| PECO | Phillips Edison & Company, Inc. | 1.09% | 33.5 | 65.8 | 7.2 | 3.61% | 0.54% |
| HASI | Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 1.06% | 56.0 | 11.1 | 36.8 | 4.67% | 0.31% |
| FULT | Fulton Financial Corporation | 1.05% | 10.8 | 10.2 | 3.2 | 3.39% | 1.62% |
| UCB | United Community Banks, Inc. | 1.04% | 11.1 | 12.5 | 3.7 | 3.05% | 1.55% |
| VIRT | Virtu Financial, Inc. | 1.04% | 9.4 | 8.4 | 1.5 | 1.69% | 1.83% |
| SKT | Tanger Factory Outlet Centers, Inc. | 0.98% | 32.5 | 31.2 | 6.7 | 3.53% | 0.50% |
| CATY | Cathay General Bancorp | 0.97% | 11.7 | 10.1 | 5.0 | 2.54% | 1.38% |
| SFBS | ServisFirst Bancshares, Inc. | 0.97% | 13.4 | 22.6 | 7.4 | 1.93% | 1.19% |
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 PSCF valuation
Adding up its 154 holdings with company data, PSCF trades at 15.7 times trailing earnings and 12.4 times analysts' forward estimates, with a price-to-book ratio of 1.45 and a dividend yield of 3.38%. Its earnings yield of 6.37% is 1.04 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 15.1% of the fund and earn 17.1% of its combined profit. By sector, Real Estate is the most expensive at 26.1 times earnings and Industrials the cheapest at 9.9. Companies that lost money over the past year are 7.1% 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 95.3% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: PSCF chart, PSCF performance, PSCF holdings, PSCF dividends.
PSCF valuation FAQ
What is the P/E ratio of PSCF?
Based on its holdings, PSCF has a trailing P/E of 15.7 and a forward P/E of 12.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of PSCF?
The trailing earnings yield is 6.37% (1 ÷ P/E) and the forward earnings yield 8.05%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is PSCF more expensive than the S&P 500?
PSCF trades at 15.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 12.4 and 19.9.
What is the price-to-book ratio of PSCF?
The holdings of PSCF trade at 1.45 times book value, with a combined return on equity of 9.2%.
Which sector in PSCF has the highest P/E?
Real Estate has the highest P/E at 26.1 and Industrials the lowest at 9.9.