Invesco DWA Consumer Staples Momentum ETF (PSL) Valuation
PSL valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 34.4 trailing earnings
- Forward P/E
- 15.3 analyst estimates
- Price / sales
- 0.73
- Price / book
- 2.95
- EV / EBITDA
- 12.3
- Earnings yield
- 2.91% inverse of P/E
- Dividend yield
- 1.54% of the holdings
- Return on equity
- 8.6% combined
- Net margin
- 2.1% combined
- Beta
- 0.66 weighted, vs S&P 500
PSL valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| PSL | 34.4 | 15.3 | 0.73 | 2.95 | 1.54% | 8.6% | 2.1% | 7.4% |
| 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.
PSL valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Consumer Defensive | 87.0% | 42.6 | 15.8 | 0.71 | 2.95 | 1.52% | 6.9% |
| Consumer Cyclical | 8.3% | 18.6 | 15.2 | 1.59 | 7.21 | 1.49% | 38.7% |
| Industrials | 2.9% | 9.2 | 8.3 | 0.42 | 1.35 | 2.97% | 14.8% |
| Financial Services | 1.6% | 16.6 | 13.7 | 1.28 | 1.59 | 0.00% | 9.6% |
PSL 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 PSL weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
PSL largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| CASY | Casey's General Stores, Inc. | 4.33% | 33.2 | 29.1 | 1.4 | 0.38% | 4.50% |
| USFD | US Foods Holding Corp. | 3.92% | 31.4 | 17.0 | 0.5 | — | 4.32% |
| EL | The Estée Lauder Companies Inc. | 3.92% | 209.1 | 29.8 | 2.5 | 1.34% | 0.65% |
| PFGC | Performance Food Group Company | 3.56% | 42.7 | 16.6 | 0.2 | — | 2.88% |
| ELF | e.l.f. Beauty, Inc. | 3.47% | 115.9 | 35.2 | 3.8 | — | 1.03% |
| BJ | BJ's Wholesale Club Holdings, Inc. | 3.38% | 21.7 | 19.2 | 0.6 | — | 5.38% |
| PM | Philip Morris International Inc. | 3.28% | 29.5 | 20.9 | 7.5 | 3.12% | 3.84% |
| KO | The Coca-Cola Company | 3.28% | 28.2 | 25.3 | 8.1 | 2.26% | 4.01% |
| ADM | Archer-Daniels-Midland Company | 3.15% | 22.6 | 15.6 | 0.5 | 2.52% | 4.80% |
| MNST | Monster Beverage Corporation | 3.01% | 42.3 | 33.7 | 9.7 | — | 2.45% |
| MO | Altria Group, Inc. | 2.90% | 15.8 | 11.9 | 6.1 | 5.91% | 6.32% |
| DAR | Darling Ingredients Inc. | 2.57% | 16.5 | 11.7 | 1.5 | — | 5.36% |
| KR | The Kroger Co. | 2.54% | 35.4 | 11.3 | 0.3 | 2.45% | 2.48% |
| COST | Costco Wholesale Corporation | 2.47% | 47.6 | 40.3 | 1.4 | 0.59% | 1.79% |
| COKE | Coca-Cola Consolidated, Inc. | 2.38% | 27.9 | 17.4 | 1.8 | 0.48% | 2.94% |
| LAUR | Laureate Education, Inc. | 2.31% | 17.6 | 15.3 | 2.9 | — | 4.54% |
| PG | The Procter & Gamble Company | 2.31% | 24.1 | 21.2 | 4.3 | 2.73% | 3.31% |
| SCI | Service Corporation International | 2.12% | 21.3 | 16.9 | 2.5 | 1.77% | 3.43% |
| SJM | The J. M. Smucker Company | 2.05% | 59.5 | 12.0 | 1.5 | 3.52% | 1.19% |
| KDP | Keurig Dr Pepper Inc. | 2.02% | 35.0 | 12.5 | 2.3 | 2.66% | 1.99% |
| CVSA | Covista Inc. | 2.01% | 16.9 | 13.6 | 2.2 | — | 4.09% |
| CHEF | The Chefs' Warehouse, Inc. | 1.96% | 54.1 | 25.6 | 1.1 | — | 1.25% |
| BG | Bunge Limited | 1.87% | 21.1 | 9.6 | 0.2 | 2.71% | 3.05% |
| HRB | H&R Block, Inc. | 1.83% | 8.6 | 6.8 | 1.5 | 3.78% | 7.40% |
| CELH | Celsius Holdings, Inc. | 1.75% | 122.6 | 16.9 | 2.3 | — | 0.49% |
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 PSL valuation
Adding up its 47 holdings with company data, PSL trades at 34.4 times trailing earnings and 15.3 times analysts' forward estimates, with a price-to-book ratio of 2.95 and a dividend yield of 1.54%. Its earnings yield of 2.91% is 2.42 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 35.3% of the fund and earn 33.8% of its combined profit. By sector, Consumer Defensive is the most expensive at 42.6 times earnings and Industrials the cheapest at 9.2. Companies that lost money over the past year are 7.4% 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 99.8% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: PSL chart, PSL performance, PSL holdings, PSL dividends.
PSL valuation FAQ
What is the P/E ratio of PSL?
Based on its holdings, PSL has a trailing P/E of 34.4 and a forward P/E of 15.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of PSL?
The trailing earnings yield is 2.91% (1 ÷ P/E) and the forward earnings yield 6.54%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is PSL more expensive than the S&P 500?
PSL trades at 34.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 15.3 and 19.9.
What is the price-to-book ratio of PSL?
The holdings of PSL trade at 2.95 times book value, with a combined return on equity of 8.6%.
Which sector in PSL has the highest P/E?
Consumer Defensive has the highest P/E at 42.6 and Industrials the lowest at 9.2.