Invesco S&P 500 Equal Weight Materials ETF (RSPM) Valuation
RSPM valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 51.3 trailing earnings
- Forward P/E
- 14.3 analyst estimates
- Price / sales
- 1.41
- Price / book
- 2.49
- EV / EBITDA
- 13.1
- Earnings yield
- 1.95% inverse of P/E
- Dividend yield
- 2.36% of the holdings
- Return on equity
- 4.8% combined
- Net margin
- 2.7% combined
- Beta
- 0.92 weighted, vs S&P 500
RSPM valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| RSPM | 51.3 | 14.3 | 1.41 | 2.49 | 2.36% | 4.8% | 2.7% | 21.2% |
| 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.
RSPM valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Basic Materials | 73.5% | 46.2 | 14.7 | 1.65 | 2.64 | 1.90% | 5.7% |
| Consumer Cyclical | 26.7% | 71.8 | 13.5 | 1.03 | 2.16 | 3.57% | 3.0% |
RSPM 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 RSPM weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
RSPM largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| IFF | International Flavors & Fragrances Inc. | 4.80% | 89.8 | 17.7 | 2.1 | 1.76% | 2.85% |
| PKG | Packaging Corporation of America | 4.78% | 30.7 | 18.7 | 2.2 | 2.54% | 8.30% |
| DOW | Dow Inc. | 4.76% | — | 14.1 | 0.5 | 4.68% | −15.59% |
| AVY | Avery Dennison Corporation | 4.70% | 19.2 | 15.3 | 1.4 | 2.28% | 13.03% |
| BALL | Ball Corporation | 4.57% | 18.0 | 13.2 | 1.2 | 1.27% | 13.51% |
| ECL | Ecolab Inc. | 4.52% | 38.8 | 29.7 | 4.8 | 1.01% | 6.21% |
| VMC | Vulcan Materials Company | 4.48% | 30.4 | 22.4 | 4.1 | 0.81% | 7.85% |
| AMCR | Amcor plc | 4.47% | 18.4 | 10.6 | 0.9 | 5.93% | 12.92% |
| APD | Air Products and Chemicals, Inc. | 4.43% | — | 19.9 | 5.3 | 2.42% | −0.17% |
| PPG | PPG Industries, Inc. | 4.41% | 15.4 | 12.4 | 1.5 | 2.76% | 15.21% |
| STLD | Steel Dynamics, Inc. | 4.40% | 21.8 | 10.0 | 1.7 | 0.88% | 10.73% |
| LIN | Linde plc | 4.38% | 32.2 | 23.6 | 6.5 | 1.28% | 7.24% |
| SHW | The Sherwin-Williams Company | 4.20% | 30.9 | 23.8 | 3.3 | 0.95% | 7.24% |
| LYB | LyondellBasell Industries N.V. | 4.18% | — | 9.1 | 0.7 | 4.31% | −2.89% |
| NUE | Nucor Corporation | 4.16% | 20.4 | 11.4 | 1.6 | 0.87% | 10.84% |
| SW | Smurfit WestRock plc | 4.11% | 43.3 | 13.8 | 0.7 | 4.40% | 5.05% |
| IP | International Paper Company | 4.08% | — | 11.7 | 0.7 | 5.43% | −33.00% |
| MLM | Martin Marietta Materials, Inc. | 4.03% | 32.6 | 20.6 | 5.3 | 0.67% | 6.58% |
| CRH | CRH PLC | 3.80% | — | — | — | — | — |
| CF | CF Industries Holdings, Inc. | 3.76% | 9.0 | 12.2 | 2.4 | 1.99% | 22.34% |
| FCX | Freeport-McMoRan Inc. | 3.66% | 34.3 | 18.1 | 3.9 | 0.86% | 5.68% |
| NEM | Newmont Corporation | 3.47% | 15.0 | 11.6 | 4.8 | 0.88% | 12.35% |
| ALB | Albemarle Corporation | 3.08% | 353.6 | 11.4 | 1.9 | 1.72% | 0.46% |
| MOS | The Mosaic Company | 2.95% | — | 9.4 | 0.5 | 4.68% | −16.76% |
| AGPXX | Invesco Short-Term Investments Trust Government & Agency Portfolio Institutional | 0.05% | — | — | — | — | — |
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 RSPM valuation
Adding up its 23 holdings with company data, RSPM trades at 51.3 times trailing earnings and 14.3 times analysts' forward estimates, with a price-to-book ratio of 2.49 and a dividend yield of 2.36%. Its earnings yield of 1.95% is 3.38 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 45.9% of the fund and earn 64.1% of its combined profit. By sector, Consumer Cyclical is the most expensive at 71.8 times earnings and Basic Materials the cheapest at 46.2. Companies that lost money over the past year are 21.2% 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 96.2% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: RSPM chart, RSPM performance, RSPM holdings, RSPM dividends.
RSPM valuation FAQ
What is the P/E ratio of RSPM?
Based on its holdings, RSPM has a trailing P/E of 51.3 and a forward P/E of 14.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of RSPM?
The trailing earnings yield is 1.95% (1 ÷ P/E) and the forward earnings yield 6.98%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is RSPM more expensive than the S&P 500?
RSPM trades at 51.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 14.3 and 19.9.
What is the price-to-book ratio of RSPM?
The holdings of RSPM trade at 2.49 times book value, with a combined return on equity of 4.8%.
Which sector in RSPM has the highest P/E?
Consumer Cyclical has the highest P/E at 71.8 and Basic Materials the lowest at 46.2.