Invesco Dynamic Large Cap Growth ETF (PWB) Valuation
PWB valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 37.9 trailing earnings
- Forward P/E
- 25.3 analyst estimates
- Price / sales
- 6.08
- Price / book
- 11.82
- EV / EBITDA
- 25.4
- Earnings yield
- 2.64% inverse of P/E
- Dividend yield
- 0.51% of the holdings
- Return on equity
- 31.2% combined
- Net margin
- 16.0% combined
- Beta
- 1.35 weighted, vs S&P 500
PWB valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| PWB | 37.9 | 25.3 | 6.08 | 11.82 | 0.51% | 31.2% | 16.0% | 5.0% |
| 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.
PWB valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 47.6% | 49.4 | 25.1 | 10.23 | 14.23 | 0.38% | 28.8% |
| Industrials | 19.5% | 34.0 | 25.5 | 3.94 | 9.08 | 0.80% | 26.7% |
| Consumer Cyclical | 9.0% | 27.2 | 25.6 | 3.41 | 8.39 | 0.72% | 30.9% |
| Communication Services | 8.4% | 21.2 | 22.4 | 8.52 | 7.09 | 0.28% | 33.4% |
| Financial Services | 7.1% | 34.1 | 24.1 | 16.17 | 31.87 | 0.62% | 93.4% |
| Consumer Defensive | 4.8% | 46.0 | 38.1 | 1.92 | 11.00 | 0.42% | 23.9% |
| Healthcare | 3.7% | 42.2 | 24.4 | 14.07 | 30.28 | 0.55% | 71.8% |
PWB 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 PWB weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
PWB largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| META | Meta Platforms, Inc. | 3.92% | 26.7 | 22.1 | 7.9 | 0.30% | 5.61% |
| AAPL | Apple Inc. | 3.84% | 39.4 | 35.2 | 10.7 | 0.31% | 3.74% |
| INTC | Intel Corporation | 3.70% | — | 63.3 | 8.3 | — | −3.35% |
| AMD | Advanced Micro Devices, Inc. | 3.68% | 134.9 | 39.5 | 20.9 | — | 1.05% |
| LLY | Eli Lilly and Company | 3.67% | 42.2 | 24.4 | 14.1 | 0.55% | 3.33% |
| V | Visa Inc. | 3.58% | 34.3 | 24.0 | 17.0 | 0.67% | 4.00% |
| MA | Mastercard Incorporated | 3.54% | 34.0 | 24.2 | 15.4 | 0.56% | 3.99% |
| NVDA | NVIDIA Corporation | 3.44% | 27.1 | 24.9 | 17.1 | 0.47% | 4.87% |
| GOOGL | Alphabet Inc. | 3.38% | 17.1 | 22.8 | 9.3 | 0.26% | 7.58% |
| COST | Costco Wholesale Corporation | 3.38% | 47.6 | 40.3 | 1.4 | 0.59% | 2.72% |
| AMZN | Amazon.com, Inc. | 3.36% | 20.1 | 23.6 | 3.5 | — | 6.39% |
| AVGO | Broadcom Inc. | 3.30% | 43.3 | 19.4 | 17.6 | 0.79% | 2.92% |
| MU | Micron Technology, Inc. | 3.12% | 11.8 | 7.0 | 7.5 | 0.07% | 10.11% |
| AMAT | Applied Materials, Inc. | 2.95% | 35.3 | 23.4 | 10.5 | 0.52% | 3.20% |
| CAT | Caterpillar Inc. | 2.93% | 31.5 | 25.4 | 4.5 | 0.89% | 3.57% |
| FTNT | Fortinet, Inc. | 1.59% | 59.8 | 45.0 | 16.5 | — | 1.02% |
| PLTR | Palantir Technologies Inc. | 1.56% | 160.4 | 85.5 | 72.6 | — | 0.37% |
| JCI | Johnson Controls International plc | 1.56% | 41.1 | 23.9 | 3.5 | 1.10% | 1.46% |
| TJX | The TJX Companies, Inc. | 1.55% | 27.3 | 24.9 | 2.6 | 1.30% | 2.17% |
| KEYS | Keysight Technologies, Inc. | 1.55% | 44.8 | 22.4 | 8.6 | — | 1.32% |
| LMT | Lockheed Martin Corporation | 1.50% | 20.3 | 16.2 | 1.7 | 2.61% | 2.82% |
| AME | AMETEK, Inc. | 1.50% | 36.3 | 28.2 | 7.2 | 0.55% | 1.58% |
| DELL | Dell Technologies Inc. | 1.49% | 26.3 | 21.3 | 1.9 | 0.56% | 2.18% |
| TXN | Texas Instruments Incorporated | 1.49% | 42.1 | 27.5 | 13.0 | 2.20% | 1.35% |
| ADI | Analog Devices, Inc. | 1.46% | 47.0 | 23.2 | 13.8 | 1.11% | 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 PWB valuation
Adding up its 49 holdings with company data, PWB trades at 37.9 times trailing earnings and 25.3 times analysts' forward estimates, with a price-to-book ratio of 11.82 and a dividend yield of 0.51%. Its earnings yield of 2.64% is 2.69 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 36.1% of the fund and earn 33.5% of its combined profit. By sector, Technology is the most expensive at 49.4 times earnings and Communication Services the cheapest at 21.2. Companies that lost money over the past year are 5.0% 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 98.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: PWB chart, PWB performance, PWB holdings.
PWB valuation FAQ
What is the P/E ratio of PWB?
Based on its holdings, PWB has a trailing P/E of 37.9 and a forward P/E of 25.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of PWB?
The trailing earnings yield is 2.64% (1 ÷ P/E) and the forward earnings yield 3.95%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is PWB more expensive than the S&P 500?
PWB trades at 37.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 25.3 and 19.9.
What is the price-to-book ratio of PWB?
The holdings of PWB trade at 11.82 times book value, with a combined return on equity of 31.2%.
Which sector in PWB has the highest P/E?
Technology has the highest P/E at 49.4 and Communication Services the lowest at 21.2.