Invesco S&P SmallCap 600 Pure Growth ETF (RZG) Valuation
RZG valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 17.6 trailing earnings
- Forward P/E
- 15.4 analyst estimates
- Price / sales
- 1.24
- Price / book
- 3.11
- EV / EBITDA
- 14.2
- Earnings yield
- 5.68% inverse of P/E
- Dividend yield
- 1.09% of the holdings
- Return on equity
- 17.7% combined
- Net margin
- 7.1% combined
- Beta
- 1.18 weighted, vs S&P 500
RZG valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| RZG | 17.6 | 15.4 | 1.24 | 3.11 | 1.09% | 17.7% | 7.1% | 5.4% |
| 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.
RZG valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Healthcare | 24.9% | 25.6 | 14.9 | 2.29 | 4.35 | 0.09% | 17.0% |
| Financial Services | 17.0% | 11.9 | 11.1 | 0.39 | 2.32 | 0.57% | 19.5% |
| Industrials | 15.4% | 33.1 | 19.0 | 1.88 | 4.24 | 0.31% | 12.8% |
| Technology | 14.4% | 18.4 | 21.7 | 2.89 | 3.90 | 0.27% | 21.2% |
| Consumer Cyclical | 9.0% | 22.8 | 16.4 | 1.73 | 3.85 | 0.33% | 16.9% |
| Consumer Defensive | 6.2% | 27.3 | 19.6 | 1.42 | 3.52 | 0.54% | 12.9% |
| Real Estate | 6.0% | 5.9 | 9.8 | 1.61 | 1.16 | 10.94% | 19.6% |
| Energy | 5.0% | 12.2 | 22.7 | 3.71 | 2.85 | 3.08% | 23.4% |
| Communication Services | 1.3% | n/m | 16.3 | 2.31 | 2.08 | 0.00% | −0.2% |
| Basic Materials | 0.5% | 36.0 | 22.7 | 3.34 | 4.42 | 1.23% | 12.3% |
RZG 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 RZG weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
RZG largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| DAVE | Dave Inc. | 2.01% | 23.7 | 16.9 | 7.3 | — | 1.58% |
| BSIG | Brightsphere Investment Group Inc | 1.99% | — | — | — | — | — |
| ARQT | Arcutis Biotherapeutics, Inc. | 1.97% | 131.0 | 26.4 | 7.8 | — | 0.28% |
| PTGX | Protagonist Therapeutics, Inc. | 1.94% | 125.0 | 36.9 | 29.5 | — | 0.29% |
| ACMR | ACM Research, Inc. | 1.69% | 25.0 | 30.2 | 3.6 | — | 1.25% |
| CHEF | The Chefs' Warehouse, Inc. | 1.62% | 54.1 | 25.6 | 1.1 | — | 0.55% |
| PGNY | Progyny, Inc. | 1.57% | 29.2 | 11.8 | 1.6 | — | 1.00% |
| DXPE | DXP Enterprises, Inc. | 1.50% | 30.9 | 13.6 | 1.3 | — | 0.90% |
| YOU | Clear Secure, Inc. | 1.49% | 29.5 | — | 4.5 | 1.31% | 0.94% |
| SPNT | SiriusPoint Ltd. | 1.44% | 6.2 | 9.2 | 1.0 | — | 4.32% |
| SNEX | StoneX Group Inc. | 1.39% | 18.9 | 9.8 | 0.0 | — | 1.37% |
| TGTX | TG Therapeutics, Inc. | 1.39% | 19.6 | 25.9 | 10.3 | — | 1.31% |
| INSW | International Seaways, Inc. | 1.37% | 7.0 | 15.1 | 4.3 | 7.44% | 3.62% |
| EZPW | EZCORP, Inc. | 1.35% | 16.6 | 13.7 | 1.3 | — | 1.51% |
| LGND | Ligand Pharmaceuticals Incorporated | 1.35% | 31.1 | 24.8 | 20.3 | — | 0.80% |
| ADAM | New York Mortgage Trust, Inc. | 1.26% | 4.5 | 6.9 | 1.8 | 15.71% | 5.14% |
| SEZL | Sezzle Inc. | 1.25% | 28.0 | 17.1 | 8.1 | — | 0.83% |
| TDW | Tidewater Inc. | 1.24% | 16.2 | 36.4 | 2.9 | — | 1.42% |
| PTCT | PTC Therapeutics, Inc. | 1.23% | — | 22.7 | 4.9 | — | −0.25% |
| LQDT | Liquidity Services, Inc. | 1.21% | 43.0 | 24.6 | 2.8 | — | 0.52% |
| ENVA | Enova International, Inc. | 1.20% | 13.3 | 8.3 | 2.6 | — | 1.68% |
| POWL | Powell Industries, Inc. | 1.19% | 31.6 | 29.3 | 5.2 | 0.22% | 0.70% |
| LAUR | Laureate Education, Inc. | 1.19% | 17.6 | 15.3 | 2.9 | — | 1.26% |
| LIF | Life360, Inc. | 1.17% | 23.9 | 39.4 | 5.8 | — | 0.91% |
| KRMN | Karman Holdings Inc. | 1.13% | 119.6 | 41.3 | 7.8 | — | 0.17% |
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 RZG valuation
Adding up its 120 holdings with company data, RZG trades at 17.6 times trailing earnings and 15.4 times analysts' forward estimates, with a price-to-book ratio of 3.11 and a dividend yield of 1.09%. Its earnings yield of 5.68% is 0.36 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 17.2% of the fund and earn 12.5% of its combined profit. By sector, Basic Materials is the most expensive at 36.0 times earnings and Real Estate the cheapest at 5.9. Companies that lost money over the past year are 5.4% 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 95.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: RZG chart, RZG performance, RZG holdings, RZG dividends.
RZG valuation FAQ
What is the P/E ratio of RZG?
Based on its holdings, RZG has a trailing P/E of 17.6 and a forward P/E of 15.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of RZG?
The trailing earnings yield is 5.68% (1 ÷ P/E) and the forward earnings yield 6.49%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is RZG more expensive than the S&P 500?
RZG trades at 17.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 15.4 and 19.9.
What is the price-to-book ratio of RZG?
The holdings of RZG trade at 3.11 times book value, with a combined return on equity of 17.7%.
Which sector in RZG has the highest P/E?
Basic Materials has the highest P/E at 36.0 and Real Estate the lowest at 5.9.