Invesco S&P 500 Equal Weight Industrials ETF (RSPN) Valuation
RSPN valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 24.5 trailing earnings
- Forward P/E
- 18.5 analyst estimates
- Price / sales
- 2.23
- Price / book
- 4.91
- EV / EBITDA
- 15.6
- Earnings yield
- 4.08% inverse of P/E
- Dividend yield
- 1.35% of the holdings
- Return on equity
- 20.0% combined
- Net margin
- 9.1% combined
- Beta
- 1.03 weighted, vs S&P 500
RSPN valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| RSPN | 24.5 | 18.5 | 2.23 | 4.91 | 1.35% | 20.0% | 9.1% | 0.0% |
| 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.
RSPN valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Industrials | 87.0% | 25.0 | 18.8 | 2.20 | 5.07 | 1.28% | 20.3% |
| Technology | 7.8% | 18.8 | 15.3 | 2.39 | 4.99 | 1.84% | 26.6% |
| Basic Materials | 1.3% | 35.1 | 16.5 | 2.52 | 1.28 | 1.84% | 3.7% |
| Consumer Cyclical | 1.3% | 30.4 | 25.9 | 4.10 | 11.06 | 2.18% | 36.4% |
RSPN 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 RSPN weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
RSPN largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| ALLE | Allegion plc | 1.47% | 20.5 | 15.9 | 3.1 | 1.41% | 1.80% |
| ADP | Automatic Data Processing, Inc. | 1.37% | 26.4 | 22.0 | 5.2 | 2.35% | 1.31% |
| LMT | Lockheed Martin Corporation | 1.37% | 20.3 | 16.2 | 1.7 | 2.61% | 1.70% |
| WM | Waste Management, Inc. | 1.37% | 32.1 | 22.5 | 3.5 | 1.67% | 1.07% |
| FTV | Fortive Corporation | 1.35% | 30.4 | 17.3 | 4.0 | 0.48% | 1.12% |
| AOS | A. O. Smith Corporation | 1.35% | 16.5 | 13.8 | 2.1 | 2.57% | 2.06% |
| LDOS | Leidos Holdings, Inc. | 1.34% | 11.7 | 9.6 | 0.9 | 1.38% | 2.90% |
| OTIS | Otis Worldwide Corporation | 1.34% | 18.3 | 15.1 | 1.8 | 2.47% | 1.84% |
| MAS | Masco Corporation | 1.32% | 16.8 | 14.7 | 1.9 | 1.76% | 1.98% |
| VRSK | Verisk Analytics, Inc. | 1.32% | 29.3 | 20.1 | 8.0 | 1.05% | 1.14% |
| VLTO | Veralto Corporation | 1.32% | 25.8 | 20.0 | 4.3 | 0.51% | 1.29% |
| NOC | Northrop Grumman Corporation | 1.31% | 16.5 | 17.0 | 1.7 | 1.90% | 2.00% |
| URI | United Rentals, Inc. | 1.31% | 24.8 | 18.5 | 3.8 | 0.77% | 1.33% |
| CTAS | Cintas Corporation | 1.30% | 42.1 | 36.2 | 7.3 | 0.97% | 0.78% |
| EXPD | Expeditors International of Washington, Inc. | 1.30% | 28.5 | 24.4 | 2.1 | 0.83% | 1.15% |
| J | Jacobs Engineering Group Inc. | 1.29% | 46.9 | 16.9 | 1.2 | 1.02% | 0.70% |
| HON | Honeywell International Inc. | 1.29% | 7.8 | 22.2 | 1.8 | 1.32% | 4.18% |
| LUV | Southwest Airlines Co. | 1.29% | 24.7 | 8.3 | 0.6 | 1.82% | 1.32% |
| DD | DuPont de Nemours, Inc. | 1.29% | 35.1 | 16.5 | 2.5 | 1.84% | 0.93% |
| FERG | Ferguson plc | 1.29% | 22.8 | 17.6 | 1.4 | 1.54% | 1.42% |
| AME | AMETEK, Inc. | 1.29% | 36.3 | 28.2 | 7.2 | 0.55% | 0.89% |
| UNP | Union Pacific Corporation | 1.27% | 23.4 | 19.3 | 6.8 | 1.97% | 1.37% |
| PAYX | Paychex, Inc. | 1.27% | 22.1 | 17.5 | 6.0 | 4.26% | 1.45% |
| EFX | Equifax Inc. | 1.27% | 28.4 | 16.1 | 2.9 | 1.39% | 1.13% |
| ROL | Rollins, Inc. | 1.27% | 30.4 | 25.9 | 4.1 | 2.18% | 1.05% |
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 RSPN valuation
Adding up its 81 holdings with company data, RSPN trades at 24.5 times trailing earnings and 18.5 times analysts' forward estimates, with a price-to-book ratio of 4.91 and a dividend yield of 1.35%. Its earnings yield of 4.08% is 1.25 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 13.6% of the fund and earn 16.9% of its combined profit. By sector, Basic Materials is the most expensive at 35.1 times earnings and Technology the cheapest at 18.8. Companies that lost money over the past year are 0.0% 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 97.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: RSPN chart, RSPN performance, RSPN holdings, RSPN dividends.
RSPN valuation FAQ
What is the P/E ratio of RSPN?
Based on its holdings, RSPN has a trailing P/E of 24.5 and a forward P/E of 18.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of RSPN?
The trailing earnings yield is 4.08% (1 ÷ P/E) and the forward earnings yield 5.41%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is RSPN more expensive than the S&P 500?
RSPN trades at 24.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 18.5 and 19.9.
What is the price-to-book ratio of RSPN?
The holdings of RSPN trade at 4.91 times book value, with a combined return on equity of 20.0%.
Which sector in RSPN has the highest P/E?
Basic Materials has the highest P/E at 35.1 and Technology the lowest at 18.8.