Invesco S&P SmallCap Industrials ETF (PSCI) Valuation
PSCI valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 30.7 trailing earnings
- Forward P/E
- 14.9 analyst estimates
- Price / sales
- 1.01
- Price / book
- 2.40
- EV / EBITDA
- 13.4
- Earnings yield
- 3.26% inverse of P/E
- Dividend yield
- 0.90% of the holdings
- Return on equity
- 7.8% combined
- Net margin
- 3.3% combined
- Beta
- 1.16 weighted, vs S&P 500
PSCI valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| PSCI | 30.7 | 14.9 | 1.01 | 2.40 | 0.90% | 7.8% | 3.3% | 11.9% |
| 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.
PSCI valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Industrials | 77.5% | 31.9 | 16.5 | 1.01 | 2.63 | 0.89% | 8.3% |
| Technology | 10.4% | 27.0 | 11.0 | 1.25 | 1.61 | 0.73% | 6.0% |
| Consumer Cyclical | 6.7% | 33.1 | 12.3 | 0.82 | 2.01 | 1.72% | 6.1% |
| Basic Materials | 0.9% | 25.9 | 4.7 | 0.41 | 1.34 | 1.17% | 5.2% |
| Communication Services | 0.6% | 10.9 | 5.5 | 1.34 | 1.67 | 0.00% | 15.3% |
| Healthcare | 0.6% | 12.4 | 17.4 | 0.78 | 2.81 | 0.00% | 22.8% |
PSCI 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 PSCI weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
PSCI largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| PAYC | Paycom Software, Inc. | 3.54% | 26.6 | 16.7 | 5.3 | 0.60% | 4.44% |
| ZWS | Zurn Elkay Water Solutions Corporation | 2.39% | 29.2 | 22.9 | 4.4 | 0.94% | 2.73% |
| FSS | Federal Signal Corporation | 2.38% | 24.2 | 19.8 | 2.8 | 0.53% | 3.28% |
| AWI | Armstrong World Industries, Inc. | 2.35% | 23.0 | 17.1 | 4.2 | 0.81% | 3.41% |
| MATX | Matson, Inc. | 2.32% | 15.8 | 19.2 | 2.0 | 0.65% | 4.89% |
| LYFT | Lyft, Inc. | 2.06% | 2.5 | 9.3 | 0.9 | — | 27.59% |
| CWST | Casella Waste Systems, Inc. | 2.02% | 977.8 | 56.2 | 2.9 | — | 0.07% |
| BLDR | Builders FirstSource, Inc. | 2.02% | 59.4 | 13.9 | 0.4 | — | 1.14% |
| GTES | Gates Industrial Corporation plc | 1.98% | 18.3 | 13.9 | 1.9 | — | 3.61% |
| ESE | ESCO Technologies Inc. | 1.90% | 46.2 | 25.4 | 5.0 | 0.13% | 1.37% |
| NPO | EnPro Industries, Inc. | 1.88% | 136.4 | 28.1 | 4.9 | 0.46% | 0.46% |
| JBT | John Bean Technologies Corporation | 1.81% | — | — | — | — | — |
| MBGL | Mobility Global Inc. | 1.74% | 43.5 | 11.6 | 3.3 | 1.28% | 1.33% |
| CSW | CSW Industrials, Inc. | 1.60% | 39.5 | 42.6 | 4.0 | 0.42% | 1.35% |
| GVA | Granite Construction Incorporated | 1.59% | — | 13.9 | 1.0 | 0.47% | −2.09% |
| KRMN | Karman Holdings Inc. | 1.57% | 119.6 | 41.3 | 7.8 | — | 0.44% |
| RHI | Robert Half International Inc. | 1.56% | 29.0 | 16.7 | 0.6 | 7.09% | 1.80% |
| ECG | Everus Construction Group Inc | 1.52% | 22.1 | 19.2 | 1.3 | — | 2.30% |
| AGX | Argan, Inc. | 1.52% | 27.3 | 16.6 | 4.1 | 0.81% | 1.85% |
| RXO | RXO, Inc. | 1.48% | — | — | 0.8 | — | −1.07% |
| POWL | Powell Industries, Inc. | 1.44% | 31.6 | 29.3 | 5.2 | 0.22% | 1.52% |
| KAR | KAR Auction Services Inc | 1.42% | — | — | — | — | — |
| MRCY | Mercury Systems, Inc. | 1.42% | — | 50.0 | 4.6 | — | −0.32% |
| ROAD | Construction Partners, Inc. | 1.36% | 32.4 | 24.5 | 1.3 | — | 1.40% |
| FELE | Franklin Electric Co., Inc. | 1.35% | 28.9 | 18.5 | 2.0 | 1.12% | 1.57% |
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 PSCI valuation
Adding up its 88 holdings with company data, PSCI trades at 30.7 times trailing earnings and 14.9 times analysts' forward estimates, with a price-to-book ratio of 2.40 and a dividend yield of 0.90%. Its earnings yield of 3.26% is 2.07 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 23.0% of the fund and earn 52.5% of its combined profit. By sector, Consumer Cyclical is the most expensive at 33.1 times earnings and Communication Services the cheapest at 10.9. Companies that lost money over the past year are 11.9% 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 93.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: PSCI chart, PSCI performance, PSCI holdings, PSCI dividends.
PSCI valuation FAQ
What is the P/E ratio of PSCI?
Based on its holdings, PSCI has a trailing P/E of 30.7 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 PSCI?
The trailing earnings yield is 3.26% (1 ÷ P/E) and the forward earnings yield 6.70%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is PSCI more expensive than the S&P 500?
PSCI trades at 30.7 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 PSCI?
The holdings of PSCI trade at 2.40 times book value, with a combined return on equity of 7.8%.
Which sector in PSCI has the highest P/E?
Consumer Cyclical has the highest P/E at 33.1 and Communication Services the lowest at 10.9.