Invesco DWA Utilities Momentum ETF (PUI) Valuation
PUI valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 19.4 trailing earnings
- Forward P/E
- 14.9 analyst estimates
- Price / sales
- 2.42
- Price / book
- 2.03
- EV / EBITDA
- 11.5
- Earnings yield
- 5.16% inverse of P/E
- Dividend yield
- 3.06% of the holdings
- Return on equity
- 10.5% combined
- Net margin
- 12.5% combined
- Beta
- 0.55 weighted, vs S&P 500
PUI valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| PUI | 19.4 | 14.9 | 2.42 | 2.03 | 3.06% | 10.5% | 12.5% | 0.0% |
| 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.
PUI valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Utilities | 80.2% | 21.0 | 15.7 | 2.47 | 1.99 | 3.15% | 9.5% |
| Industrials | 5.4% | 30.3 | 15.3 | 3.72 | 8.28 | 0.23% | 27.3% |
| Communication Services | 5.2% | 9.3 | 9.3 | 1.30 | 1.70 | 5.52% | 18.3% |
| Energy | 4.1% | 11.9 | 11.8 | 3.34 | 1.48 | 1.94% | 12.5% |
PUI 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 PUI weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
PUI largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| ATO | Atmos Energy Corporation | 4.63% | 19.9 | 17.6 | 5.7 | 2.39% | 4.81% |
| NI | NiSource Inc. | 4.17% | 22.7 | 17.4 | 3.0 | 2.81% | 3.81% |
| DUK | Duke Energy Corporation | 4.07% | 18.3 | 15.9 | 2.9 | 3.57% | 4.61% |
| EVRG | Evergy, Inc. | 3.97% | 21.2 | 19.5 | 3.2 | 3.34% | 3.88% |
| WEC | WEC Energy Group, Inc. | 3.87% | 21.1 | 16.9 | 3.5 | 3.50% | 3.80% |
| DTE | DTE Energy Company | 3.82% | 20.6 | 15.6 | 1.6 | 3.59% | 3.85% |
| SRE | Sempra | 3.62% | 24.1 | 14.5 | 4.0 | 3.15% | 3.11% |
| ETR | Entergy Corporation | 3.34% | 26.9 | 19.6 | 3.7 | 2.44% | 2.58% |
| GEV | GE Vernova Inc. | 3.32% | 26.4 | 38.8 | 5.9 | 0.22% | 2.60% |
| XEL | Xcel Energy Inc. | 3.29% | 20.9 | 16.0 | 3.3 | 3.11% | 3.26% |
| AEP | American Electric Power Company, Inc. | 3.18% | 22.0 | 17.2 | 3.0 | 2.99% | 2.99% |
| SO | The Southern Company | 3.14% | 22.0 | 17.0 | 3.5 | 3.33% | 2.96% |
| VST | Vistra Corp. | 2.96% | 25.6 | 13.3 | 2.7 | 0.61% | 2.39% |
| EXC | Exelon Corporation | 2.90% | 16.0 | 13.7 | 1.8 | 3.86% | 3.76% |
| CMS | CMS Energy Corporation | 2.80% | 20.6 | 15.2 | 2.4 | 3.32% | 2.82% |
| T | AT&T Inc. | 2.60% | 7.7 | 9.9 | 1.3 | 4.74% | 6.97% |
| VZ | Verizon Communications Inc. | 2.57% | 11.7 | 8.7 | 1.3 | 6.32% | 4.56% |
| NRG | NRG Energy, Inc. | 2.56% | 27.2 | 9.0 | 0.7 | 1.83% | 1.96% |
| LNT | Alliant Energy Corporation | 2.51% | 21.6 | 17.5 | 4.0 | 3.13% | 2.41% |
| CNP | CenterPoint Energy, Inc. | 2.49% | 24.0 | 17.7 | 2.8 | 2.37% | 2.15% |
| EQT | EQT Corporation | 2.25% | 12.6 | 14.1 | 3.7 | 1.25% | 3.69% |
| AEE | Ameren Corporation | 2.12% | 18.7 | 17.5 | 3.5 | 2.83% | 2.35% |
| PLPC | Preformed Line Products Company | 2.08% | 39.8 | 7.8 | 2.3 | 0.24% | 1.09% |
| ES | Eversource Energy | 2.05% | 17.3 | 13.3 | 1.8 | 4.71% | 2.45% |
| FE | FirstEnergy Corp. | 2.04% | 24.6 | 14.7 | 1.7 | 4.03% | 1.72% |
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 PUI valuation
Adding up its 35 holdings with company data, PUI trades at 19.4 times trailing earnings and 14.9 times analysts' forward estimates, with a price-to-book ratio of 2.03 and a dividend yield of 3.06%. Its earnings yield of 5.16% is 0.16 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 38.1% of the fund and earn 36.3% of its combined profit. By sector, Industrials is the most expensive at 30.3 times earnings and Communication Services the cheapest at 9.3. Companies that lost money over the past year are 0.0% 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 98.2% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: PUI chart, PUI performance, PUI holdings, PUI dividends.
PUI valuation FAQ
What is the P/E ratio of PUI?
Based on its holdings, PUI has a trailing P/E of 19.4 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 PUI?
The trailing earnings yield is 5.16% (1 ÷ P/E) and the forward earnings yield 6.71%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is PUI more expensive than the S&P 500?
PUI trades at 19.4 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 PUI?
The holdings of PUI trade at 2.03 times book value, with a combined return on equity of 10.5%.
Which sector in PUI has the highest P/E?
Industrials has the highest P/E at 30.3 and Communication Services the lowest at 9.3.