Invesco S&P MidCap 400 Revenue ETF (RWK) Valuation

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

RWK valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 21.7
Forward P/E: 10.9
Price / sales: 0.45
Price / book: 2.24
EV / EBITDA: 9.9
Earnings yield: 4.61%
Dividend yield: 1.44%
Return on equity: 10.3%
Net margin: 2.1%
Beta: 1.00

RWK valuation vs other stock ETFs

P/E (TTM)Forward P/E

RWK valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
RWK	21.7	10.9	0.45	2.24	1.44%	10.3%	2.1%	13.2%
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.

RWK valuation by sector

P/E (TTM)Forward P/E

RWK valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Industrials	20.2%	61.0	12.2	0.54	3.46	0.85%	5.7%
Consumer Cyclical	20.1%	13.9	10.7	0.45	2.07	1.71%	14.8%
Financial Services	12.5%	12.3	8.6	1.29	1.39	2.34%	11.3%
Consumer Defensive	12.1%	36.9	10.2	0.17	3.13	1.83%	8.5%
Technology	12.0%	21.1	9.9	0.45	2.65	0.47%	12.6%
Healthcare	7.1%	52.8	16.3	0.63	3.00	0.08%	5.7%
Energy	5.8%	11.4	10.0	0.66	1.52	1.61%	13.4%
Basic Materials	4.5%	1,006.4	13.2	0.79	1.86	1.32%	0.2%
Real Estate	2.7%	18.8	14.7	1.19	1.77	4.00%	9.4%
Utilities	1.6%	21.5	12.6	2.14	1.73	3.17%	8.0%
Communication Services	1.5%	23.5	11.1	1.62	2.14	2.32%	9.1%

RWK earnings yield vs bond yields

RWK earnings yield (forward)

9.17%

RWK earnings yield (trailing)

4.61%

RWK dividend yield

1.44%

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 RWK weight splits by P/E

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

RWK largest holdings: valuation

RWK largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
ACI	Albertsons Companies, Inc.	4.04%	—	6.1	0.1	5.19%	−0.14%
SNX	TD SYNNEX Corporation	2.73%	15.0	12.7	0.3	0.78%	4.00%
PFGC	Performance Food Group Company	2.64%	42.7	16.6	0.2	—	1.36%
AAL	American Airlines Group Inc.	2.30%	—	5.3	0.1	—	−2.09%
MOH	Molina Healthcare, Inc.	2.01%	—	18.9	0.3	—	0.02%
USFD	US Foods Holding Corp.	1.62%	31.4	17.0	0.5	—	1.14%
DINO	HF Sinclair Corporation	1.46%	11.9	10.0	0.7	1.68%	2.69%
ARW	Arrow Electronics, Inc.	1.43%	13.7	5.0	0.3	—	2.30%
PBF	PBF Energy Inc.	1.42%	7.4	8.4	0.3	1.30%	4.20%
LAD	Lithia Motors, Inc.	1.28%	9.8	7.9	0.2	0.95%	2.89%
PAG	Penske Automotive Group, Inc.	1.27%	14.9	14.7	0.4	2.75%	1.88%
RGA	Reinsurance Group of America, Incorporated	1.17%	11.7	7.7	0.7	1.47%	2.19%
BJ	BJ's Wholesale Club Holdings, Inc.	1.13%	21.7	19.2	0.6	—	1.15%
AVT	Avnet, Inc.	1.12%	23.3	7.1	0.3	1.64%	1.06%
M	Macy's, Inc.	1.02%	8.8	9.4	0.3	3.19%	2.55%
JLL	Jones Lang LaSalle Incorporated	0.96%	14.7	10.4	0.5	—	1.45%
DKS	DICK'S Sporting Goods, Inc.	0.94%	15.7	11.4	0.7	3.46%	1.33%
MUSA	Murphy USA Inc.	0.94%	16.7	17.1	0.5	0.47%	1.24%
WCC	WESCO International, Inc.	0.94%	23.6	18.2	0.7	0.59%	0.88%
CLF	Cleveland-Cliffs Inc.	0.88%	—	16.0	0.4	—	−2.59%
LEA	Lear Corporation	0.87%	11.2	6.9	0.2	2.57%	1.72%
THC	Tenet Healthcare Corporation	0.87%	10.5	12.5	1.0	—	1.82%
AN	AutoNation, Inc.	0.86%	7.5	6.9	0.2	—	2.51%
ARMK	Aramark	0.76%	38.7	21.5	0.7	0.87%	0.43%
CRBG	Corebridge Financial, Inc.	0.75%	21.7	6.0	0.8	2.90%	0.77%

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 RWK valuation

Adding up its 389 holdings with company data, RWK trades at 21.7 times trailing earnings and 10.9 times analysts' forward estimates, with a price-to-book ratio of 2.24 and a dividend yield of 1.44%. Its earnings yield of 4.61% is 0.71 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 20.9% of the fund and earn 16.4% of its combined profit. By sector, Basic Materials is the most expensive at 1,006.4 times earnings and Energy the cheapest at 11.4. Companies that lost money over the past year are 13.2% 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 98.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

RWK valuation FAQ

What is the P/E ratio of RWK?

Based on its holdings, RWK has a trailing P/E of 21.7 and a forward P/E of 10.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of RWK?

The trailing earnings yield is 4.61% (1 ÷ P/E) and the forward earnings yield 9.17%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is RWK more expensive than the S&P 500?

RWK trades at 21.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 10.9 and 19.9.

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

The holdings of RWK trade at 2.24 times book value, with a combined return on equity of 10.3%.

Which sector in RWK has the highest P/E?

Basic Materials has the highest P/E at 1,006.4 and Energy the lowest at 11.4.