Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) Valuation
QOWZ valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 30.5 trailing earnings
- Forward P/E
- 20.6 analyst estimates
- Price / sales
- 5.46
- Price / book
- 7.30
- EV / EBITDA
- 19.0
- Earnings yield
- 3.28% inverse of P/E
- Dividend yield
- 0.58% of the holdings
- Return on equity
- 24.0% combined
- Net margin
- 17.9% combined
- Beta
- 1.17 weighted, vs S&P 500
QOWZ valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| QOWZ | 30.5 | 20.6 | 5.46 | 7.30 | 0.58% | 24.0% | 17.9% | 1.4% |
| 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.
QOWZ valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 67.0% | 29.0 | 19.4 | 6.31 | 8.39 | 0.56% | 29.0% |
| Healthcare | 11.2% | 41.1 | 23.1 | 5.55 | 4.85 | 0.16% | 11.8% |
| Industrials | 10.8% | 31.7 | 26.3 | 4.56 | 5.11 | 0.53% | 16.1% |
| Financial Services | 5.9% | 34.2 | 24.1 | 10.54 | 35.87 | 0.47% | 104.8% |
| Consumer Cyclical | 3.2% | 22.2 | 19.4 | 2.04 | 5.97 | 1.79% | 26.9% |
| Consumer Defensive | 2.7% | 40.5 | 18.4 | 2.01 | 3.68 | 1.62% | 9.1% |
QOWZ 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 QOWZ weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
QOWZ largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 10.30% | 27.1 | 24.9 | 17.1 | 0.47% | 11.50% |
| AVGO | Broadcom Inc. | 6.03% | 43.3 | 19.4 | 17.6 | 0.79% | 4.20% |
| MA | Mastercard Incorporated | 4.92% | 34.0 | 24.2 | 15.4 | 0.56% | 4.38% |
| KLAC | KLA Corporation | 3.18% | 45.3 | 34.8 | 15.9 | 0.56% | 2.12% |
| CRM | Salesforce, Inc. | 3.16% | 22.0 | 14.0 | 4.5 | 0.73% | 4.34% |
| NOW | ServiceNow, Inc. | 3.04% | 88.7 | 27.8 | 10.0 | — | 1.03% |
| FTNT | Fortinet, Inc. | 2.96% | 59.8 | 45.0 | 16.5 | — | 1.49% |
| ADP | Automatic Data Processing, Inc. | 2.92% | 26.4 | 22.0 | 5.2 | 2.35% | 3.34% |
| RSG | Republic Services, Inc. | 2.49% | 32.8 | 26.3 | 4.2 | 1.16% | 2.29% |
| ADBE | Adobe Inc. | 2.44% | 13.7 | 8.7 | 3.7 | — | 5.38% |
| CDNS | Cadence Design Systems, Inc. | 2.44% | 63.5 | 31.5 | 15.1 | — | 1.16% |
| INTU | Intuit Inc. | 2.35% | 19.8 | 12.7 | 4.1 | 1.70% | 3.59% |
| MPWR | Monolithic Power Systems, Inc. | 2.23% | 73.7 | 38.8 | 18.2 | 0.66% | 0.91% |
| VEEV | Veeva Systems Inc. | 2.13% | 50.9 | 30.2 | 14.5 | — | 1.27% |
| NTAP | NetApp, Inc. | 2.12% | 28.7 | 21.4 | 5.4 | 1.02% | 2.23% |
| IDXX | IDEXX Laboratories, Inc. | 2.06% | 39.8 | 31.4 | 9.7 | — | 1.56% |
| WDAY | Workday, Inc. | 1.95% | 38.9 | 17.7 | 4.5 | — | 1.51% |
| TDY | Teledyne Technologies Incorporated | 1.79% | 29.9 | 23.6 | 4.5 | — | 1.81% |
| PTC | PTC Inc. | 1.77% | 18.7 | 16.3 | 7.1 | — | 2.86% |
| ROP | Roper Technologies, Inc. | 1.77% | 15.9 | 15.0 | 4.6 | 0.95% | 3.35% |
| CHD | Church & Dwight Co., Inc. | 1.72% | 33.5 | 23.4 | 4.0 | 1.18% | 1.55% |
| DXCM | DexCom, Inc. | 1.70% | 34.1 | 28.2 | 6.5 | — | 1.51% |
| VRSN | VeriSign, Inc. | 1.68% | 32.7 | 27.0 | 16.0 | 1.07% | 1.55% |
| HUBB | Hubbell Incorporated | 1.64% | 27.3 | 20.7 | 3.9 | 1.23% | 1.81% |
| SSNC | SS&C Technologies Holdings, Inc. | 1.60% | 24.2 | 10.6 | 3.0 | 1.43% | 2.00% |
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 QOWZ valuation
Adding up its 50 holdings with company data, QOWZ trades at 30.5 times trailing earnings and 20.6 times analysts' forward estimates, with a price-to-book ratio of 7.30 and a dividend yield of 0.58%. Its earnings yield of 3.28% is 2.04 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 41.4% of the fund and earn 40.1% of its combined profit. By sector, Healthcare is the most expensive at 41.1 times earnings and Consumer Cyclical the cheapest at 22.2. Companies that lost money over the past year are 1.4% 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 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: QOWZ chart, QOWZ performance, QOWZ holdings, QOWZ dividends.
QOWZ valuation FAQ
What is the P/E ratio of QOWZ?
Based on its holdings, QOWZ has a trailing P/E of 30.5 and a forward P/E of 20.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of QOWZ?
The trailing earnings yield is 3.28% (1 ÷ P/E) and the forward earnings yield 4.87%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is QOWZ more expensive than the S&P 500?
QOWZ trades at 30.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 20.6 and 19.9.
What is the price-to-book ratio of QOWZ?
The holdings of QOWZ trade at 7.30 times book value, with a combined return on equity of 24.0%.
Which sector in QOWZ has the highest P/E?
Healthcare has the highest P/E at 41.1 and Consumer Cyclical the lowest at 22.2.