Invesco S&P 500 Equal Weight ETF (RSP) Valuation
RSP valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 23.7 trailing earnings
- Forward P/E
- 15.6 analyst estimates
- Price / sales
- 1.91
- Price / book
- 3.19
- EV / EBITDA
- 13.5
- Earnings yield
- 4.22% inverse of P/E
- Dividend yield
- 1.74% of the holdings
- Return on equity
- 13.4% combined
- Net margin
- 8.1% combined
- Beta
- 0.95 weighted, vs S&P 500
RSP valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| RSP | 23.7 | 15.6 | 1.91 | 3.19 | 1.74% | 13.4% | 8.1% | 4.6% |
| 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.
RSP valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 17.3% | 27.6 | 17.7 | 3.47 | 5.10 | 0.76% | 18.5% |
| Industrials | 14.3% | 25.1 | 18.2 | 2.21 | 4.83 | 1.28% | 19.2% |
| Financial Services | 13.8% | 15.3 | 12.5 | 2.51 | 2.14 | 1.91% | 14.0% |
| Healthcare | 12.8% | 35.2 | 16.1 | 1.26 | 3.56 | 0.93% | 10.1% |
| Consumer Cyclical | 10.7% | 23.7 | 15.0 | 1.36 | 4.32 | 1.67% | 18.2% |
| Consumer Defensive | 6.6% | 28.0 | 15.6 | 1.06 | 3.32 | 3.14% | 11.9% |
| Utilities | 6.1% | 17.4 | 14.3 | 2.29 | 1.95 | 3.18% | 11.2% |
| Real Estate | 5.8% | 34.3 | 28.1 | 4.94 | 2.40 | 3.97% | 7.0% |
| Energy | 4.1% | 17.1 | 12.2 | 1.99 | 2.33 | 2.07% | 13.6% |
| Basic Materials | 3.7% | 45.1 | 14.8 | 1.69 | 2.51 | 1.89% | 5.6% |
| Communication Services | 3.5% | 20.3 | 10.6 | 1.52 | 2.48 | 1.60% | 12.2% |
RSP 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 RSP weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
RSP largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| PTC | PTC Inc. | 0.30% | 18.7 | 16.3 | 7.1 | — | 0.38% |
| MRNA | Moderna, Inc. | 0.29% | — | 23.0 | 39.1 | — | −0.25% |
| IT | Gartner, Inc. | 0.28% | 18.6 | 11.3 | 2.0 | — | 0.36% |
| ACN | Accenture plc | 0.27% | 16.9 | 12.4 | 1.9 | 2.98% | 0.39% |
| MTD | Mettler-Toledo International Inc. | 0.27% | 36.6 | 28.5 | 7.9 | — | 0.18% |
| HAS | Hasbro, Inc. | 0.26% | 17.8 | 13.5 | 2.8 | 2.84% | 0.36% |
| P | Everpure, Inc. | 0.26% | 169.9 | 44.8 | 9.7 | — | 0.04% |
| CRL | Charles River Laboratories International, Inc. | 0.26% | — | 22.4 | 3.6 | — | −0.10% |
| CRWD | CrowdStrike Holdings, Inc. | 0.26% | — | 208.3 | 43.1 | — | 0.00% |
| ILMN | Illumina, Inc. | 0.25% | 49.0 | 40.3 | 8.8 | — | 0.13% |
| VEEV | Veeva Systems Inc. | 0.25% | 50.9 | 30.2 | 14.5 | — | 0.12% |
| BIIB | Biogen Inc. | 0.25% | 41.3 | 13.9 | 3.4 | — | 0.14% |
| RVTY | Revvity, Inc. | 0.24% | 73.0 | 24.2 | 5.8 | 0.18% | 0.08% |
| ISRG | Intuitive Surgical, Inc. | 0.24% | 48.9 | 33.3 | 13.7 | — | 0.12% |
| NOW | ServiceNow, Inc. | 0.24% | 88.7 | 27.8 | 10.0 | — | 0.07% |
| ALLE | Allegion plc | 0.24% | 20.5 | 15.9 | 3.1 | 1.41% | 0.28% |
| PLTR | Palantir Technologies Inc. | 0.24% | 160.4 | 85.5 | 72.6 | — | 0.04% |
| CDW | CDW Corporation | 0.24% | 18.1 | 15.2 | 0.8 | 1.67% | 0.32% |
| CTSH | Cognizant Technology Solutions Corporation | 0.24% | 14.2 | 9.4 | 1.4 | 2.00% | 0.40% |
| APA | APA Corporation | 0.24% | 10.4 | 9.4 | 2.0 | 2.03% | 0.55% |
| DDOG | Datadog, Inc. | 0.24% | 494.2 | 84.7 | 22.4 | — | 0.01% |
| A | Agilent Technologies, Inc. | 0.24% | 34.1 | 23.9 | 6.6 | 0.59% | 0.17% |
| LMT | Lockheed Martin Corporation | 0.24% | 20.3 | 16.2 | 1.7 | 2.61% | 0.28% |
| CCL | Carnival Corporation & plc | 0.24% | 11.4 | 8.4 | 1.3 | 1.74% | 0.50% |
| TJX | The TJX Companies, Inc. | 0.24% | 27.3 | 24.9 | 2.6 | 1.30% | 0.21% |
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 RSP valuation
Adding up its 497 holdings with company data, RSP trades at 23.7 times trailing earnings and 15.6 times analysts' forward estimates, with a price-to-book ratio of 3.19 and a dividend yield of 1.74%. Its earnings yield of 4.22% is 1.11 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 2.7% of the fund and earn 1.5% of its combined profit. By sector, Basic Materials is the most expensive at 45.1 times earnings and Financial Services the cheapest at 15.3. Companies that lost money over the past year are 4.6% 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: RSP chart, RSP performance, RSP holdings, RSP dividends.
RSP valuation FAQ
What is the P/E ratio of RSP?
Based on its holdings, RSP has a trailing P/E of 23.7 and a forward P/E of 15.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of RSP?
The trailing earnings yield is 4.22% (1 ÷ P/E) and the forward earnings yield 6.42%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is RSP more expensive than the S&P 500?
RSP trades at 23.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 15.6 and 19.9.
What is the price-to-book ratio of RSP?
The holdings of RSP trade at 3.19 times book value, with a combined return on equity of 13.4%.
Which sector in RSP has the highest P/E?
Basic Materials has the highest P/E at 45.1 and Financial Services the lowest at 15.3.