Invesco S&P 500 Pure Growth ETF (RPG) Valuation

NYSE Arca: RPGP/E, earnings yield and other ratios of the holdings combined.

RPG valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 32.1
Forward P/E: 18.9
Price / sales: 5.09
Price / book: 8.70
EV / EBITDA: 19.5
Earnings yield: 3.11%
Dividend yield: 0.39%
Return on equity: 27.1%
Net margin: 15.8%
Beta: 1.41

RPG valuation vs other stock ETFs

P/E (TTM)Forward P/E

RPG valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
RPG	32.1	18.9	5.09	8.70	0.39%	27.1%	15.8%	2.7%
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.

RPG valuation by sector

P/E (TTM)Forward P/E

RPG valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	46.0%	36.6	18.6	9.68	12.86	0.19%	35.2%
Consumer Cyclical	15.4%	21.4	15.6	2.53	9.91	1.06%	46.2%
Industrials	14.1%	38.9	28.9	4.24	11.93	0.34%	30.6%
Healthcare	7.8%	22.5	20.1	3.51	11.16	0.28%	49.5%
Communication Services	6.8%	n/m	12.9	4.50	4.39	0.49%	−0.3%
Financial Services	5.8%	20.8	27.8	5.71	2.75	0.14%	13.2%
Basic Materials	1.4%	15.0	11.6	4.85	3.80	0.88%	25.4%
Consumer Defensive	1.2%	42.3	33.7	9.72	9.19	0.00%	21.7%
Real Estate	1.1%	105.3	78.1	13.26	3.57	1.45%	3.4%
Utilities	1.0%	25.6	13.3	2.66	15.41	0.61%	60.1%

RPG earnings yield vs bond yields

RPG earnings yield (forward)

5.29%

RPG earnings yield (trailing)

3.11%

RPG dividend yield

0.39%

Bond market yield (AGG)

5.33%

T-bill yield (BIL)

3.91%

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 RPG weight splits by P/E

Share of the covered weight in companies with a trailing P/E in each range.

RPG largest holdings: valuation

RPG largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
SNDK	Sandisk Corporation	6.88%	17.6	8.0	9.3	—	12.48%
MU	Micron Technology, Inc.	3.87%	11.8	7.0	7.5	0.07%	10.44%
CRWD	CrowdStrike Holdings, Inc.	3.49%	—	208.3	43.1	—	0.03%
AMD	Advanced Micro Devices, Inc.	2.64%	134.9	39.5	20.9	—	0.63%
BRK.B	Berkshire Hathaway Inc.	2.50%	13.4	22.7	3.0	—	5.97%
FIX	Comfort Systems USA, Inc.	2.36%	35.4	26.0	4.5	0.25%	2.12%
PLTR	Palantir Technologies Inc.	2.13%	160.4	85.5	72.6	—	0.42%
APH	Amphenol Corporation	2.04%	39.7	24.6	6.7	0.63%	1.64%
MPWR	Monolithic Power Systems, Inc.	2.00%	73.7	38.8	18.2	0.66%	0.87%
LLY	Eli Lilly and Company	1.96%	42.2	24.4	14.1	0.55%	1.48%
DDOG	Datadog, Inc.	1.90%	494.2	84.7	22.4	—	0.12%
IBKR	Interactive Brokers Group, Inc.	1.90%	31.6	28.2	20.0	0.42%	1.92%
ANET	Arista Networks, Inc.	1.86%	55.8	39.2	21.2	—	1.06%
INCY	Incyte Corporation	1.85%	14.4	14.7	3.9	—	4.11%
KLAC	KLA Corporation	1.80%	45.3	34.8	15.9	0.56%	1.27%
CIEN	Ciena Corporation	1.78%	74.4	39.8	7.8	—	0.76%
P	Everpure, Inc.	1.70%	169.9	44.8	9.7	—	0.32%
NVDA	NVIDIA Corporation	1.68%	27.1	24.9	17.1	0.47%	1.98%
HCA	HCA Healthcare, Inc.	1.61%	15.4	13.9	1.3	0.68%	3.35%
HWM	Howmet Aerospace Inc.	1.61%	47.6	36.0	9.7	0.25%	1.08%
PWR	Quanta Services, Inc.	1.50%	72.4	33.0	2.9	0.07%	0.66%
TKO	TKO Group Holdings, Inc.	1.46%	61.4	48.8	6.3	1.80%	0.76%
VRT	Vertiv Holdings Co	1.45%	46.7	27.8	6.9	0.12%	0.99%
TWLO	Twilio Inc	1.45%	33.8	43.7	6.7	—	1.37%
LRCX	Lam Research Corporation	1.44%	45.8	33.7	14.2	0.50%	1.00%

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 RPG valuation

Adding up its 69 holdings with company data, RPG trades at 32.1 times trailing earnings and 18.9 times analysts' forward estimates, with a price-to-book ratio of 8.70 and a dividend yield of 0.39%. Its earnings yield of 3.11% is 2.22 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 29.9% of the fund and earn 36.1% of its combined profit. By sector, Real Estate is the most expensive at 105.3 times earnings and Basic Materials the cheapest at 15.0. Companies that lost money over the past year are 2.7% 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 99.97% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

RPG valuation FAQ

What is the P/E ratio of RPG?

Based on its holdings, RPG has a trailing P/E of 32.1 and a forward P/E of 18.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of RPG?

The trailing earnings yield is 3.11% (1 ÷ P/E) and the forward earnings yield 5.29%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is RPG more expensive than the S&P 500?

RPG trades at 32.1 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 18.9 and 19.9.

What is the price-to-book ratio of RPG?

The holdings of RPG trade at 8.70 times book value, with a combined return on equity of 27.1%.

Which sector in RPG has the highest P/E?

Real Estate has the highest P/E at 105.3 and Basic Materials the lowest at 15.0.