Invesco S&P 500 Equal Weight Income Advantage… (RSPA) Valuation

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

RSPA valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 23.6
Forward P/E: 15.5
Price / sales: 1.90
Price / book: 3.18
EV / EBITDA: 13.5
Earnings yield: 4.24%
Dividend yield: 1.74%
Return on equity: 13.5%
Net margin: 8.0%
Beta: 0.95

RSPA valuation vs other stock ETFs

P/E (TTM)Forward P/E

RSPA valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
RSPA	23.6	15.5	1.90	3.18	1.74%	13.5%	8.0%	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.

RSPA valuation by sector

P/E (TTM)Forward P/E

RSPA valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	12.7%	27.3	17.5	3.45	5.04	0.77%	18.5%
Industrials	10.7%	25.1	18.2	2.21	4.83	1.28%	19.2%
Financial Services	10.3%	15.4	12.5	2.50	2.14	1.91%	13.9%
Healthcare	9.6%	34.6	16.0	1.24	3.54	0.95%	10.2%
Consumer Cyclical	8.1%	23.6	15.0	1.35	4.30	1.65%	18.2%
Consumer Defensive	5.0%	27.7	15.6	1.06	3.35	3.13%	12.1%
Utilities	4.6%	17.5	14.4	2.30	1.95	3.18%	11.1%
Real Estate	4.3%	34.6	28.1	4.91	2.40	3.95%	6.9%
Energy	2.9%	17.1	12.1	1.95	2.33	2.06%	13.7%
Basic Materials	2.7%	44.6	14.9	1.72	2.51	1.88%	5.6%
Communication Services	2.7%	19.6	10.6	1.50	2.48	1.61%	12.7%

RSPA earnings yield vs bond yields

RSPA earnings yield (forward)

6.44%

RSPA earnings yield (trailing)

4.24%

RSPA dividend yield

1.74%

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 RSPA weight splits by P/E

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

RSPA largest holdings: valuation

RSPA largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
PTC	PTC Inc.	0.22%	18.7	16.3	7.1	—	0.39%
ACN	Accenture plc	0.21%	16.9	12.4	1.9	2.98%	0.40%
MRNA	Moderna, Inc.	0.21%	—	23.0	39.1	—	−0.25%
HAS	Hasbro, Inc.	0.20%	17.8	13.5	2.8	2.84%	0.36%
ILMN	Illumina, Inc.	0.20%	49.0	40.3	8.8	—	0.13%
IT	Gartner, Inc.	0.20%	18.6	11.3	2.0	—	0.34%
RVTY	Revvity, Inc.	0.19%	73.0	24.2	5.8	0.18%	0.08%
CTSH	Cognizant Technology Solutions Corporation	0.19%	14.2	9.4	1.4	2.00%	0.43%
MTD	Mettler-Toledo International Inc.	0.19%	36.6	28.5	7.9	—	0.17%
ADSK	Autodesk, Inc.	0.19%	31.1	17.6	6.4	—	0.19%
VEEV	Veeva Systems Inc.	0.19%	50.9	30.2	14.5	—	0.12%
GDDY	GoDaddy Inc.	0.19%	15.8	8.7	2.6	—	0.38%
P	Everpure, Inc.	0.18%	169.9	44.8	9.7	—	0.03%
CCL	Carnival Corporation & plc	0.18%	11.4	8.4	1.3	1.74%	0.50%
ISRG	Intuitive Surgical, Inc.	0.18%	48.9	33.3	13.7	—	0.12%
LLY	Eli Lilly and Company	0.17%	42.2	24.4	14.1	0.55%	0.13%
BIIB	Biogen Inc.	0.17%	41.3	13.9	3.4	—	0.14%
CRL	Charles River Laboratories International, Inc.	0.17%	—	22.4	3.6	—	−0.09%
KR	The Kroger Co.	0.17%	35.4	11.3	0.3	2.45%	0.16%
PLTR	Palantir Technologies Inc.	0.17%	160.4	85.5	72.6	—	0.03%
CDW	CDW Corporation	0.17%	18.1	15.2	0.8	1.67%	0.31%
BF.B	Brown-Forman Corporation	0.17%	18.6	15.6	3.4	3.20%	0.30%
WSM	Williams-Sonoma, Inc.	0.17%	25.7	24.6	3.7	1.22%	0.22%
TYL	Tyler Technologies, Inc.	0.17%	47.5	23.7	6.1	—	0.12%
WMT	Walmart Inc.	0.17%	43.0	38.0	1.3	0.83%	0.13%

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 RSPA valuation

Adding up its 497 holdings with company data, RSPA trades at 23.6 times trailing earnings and 15.5 times analysts' forward estimates, with a price-to-book ratio of 3.18 and a dividend yield of 1.74%. Its earnings yield of 4.24% is 1.09 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 2.0% of the fund and earn 2.3% of its combined profit. By sector, Basic Materials is the most expensive at 44.6 times earnings and Financial Services the cheapest at 15.4. 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 99.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

RSPA valuation FAQ

What is the P/E ratio of RSPA?

Based on its holdings, RSPA has a trailing P/E of 23.6 and a forward P/E of 15.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of RSPA?

The trailing earnings yield is 4.24% (1 ÷ P/E) and the forward earnings yield 6.44%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is RSPA more expensive than the S&P 500?

RSPA trades at 23.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 15.5 and 19.9.

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

The holdings of RSPA trade at 3.18 times book value, with a combined return on equity of 13.5%.

Which sector in RSPA has the highest P/E?

Basic Materials has the highest P/E at 44.6 and Financial Services the lowest at 15.4.