Invesco S&P 500 Low Volatility ETF (SPLV) Valuation
SPLV valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 20.0 trailing earnings
- Forward P/E
- 17.7 analyst estimates
- Price / sales
- 3.08
- Price / book
- 2.51
- EV / EBITDA
- 14.7
- Earnings yield
- 5.00% inverse of P/E
- Dividend yield
- 2.61% of the holdings
- Return on equity
- 12.5% combined
- Net margin
- 15.4% combined
- Beta
- 0.64 weighted, vs S&P 500
SPLV valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| SPLV | 20.0 | 17.7 | 3.08 | 2.51 | 2.61% | 12.5% | 15.4% | 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.
SPLV valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Utilities | 27.2% | 20.7 | 16.5 | 2.88 | 1.93 | 3.22% | 9.3% |
| Financial Services | 23.4% | 12.9 | 12.5 | 2.05 | 1.83 | 1.80% | 14.1% |
| Real Estate | 16.3% | 26.3 | 30.4 | 8.00 | 2.36 | 4.28% | 9.0% |
| Industrials | 12.8% | 27.0 | 21.8 | 4.00 | 6.03 | 1.53% | 22.3% |
| Consumer Defensive | 6.9% | 27.2 | 21.9 | 2.72 | 7.26 | 2.37% | 26.7% |
| Consumer Cyclical | 3.7% | 25.3 | 22.0 | 4.89 | 44.34 | 1.64% | 174.9% |
| Healthcare | 3.7% | 27.5 | 17.7 | 2.80 | 3.40 | 1.91% | 12.4% |
| Energy | 2.9% | 23.3 | 19.4 | 3.46 | 2.72 | 3.20% | 11.7% |
| Basic Materials | 2.2% | 34.9 | 26.0 | 5.59 | 6.32 | 1.16% | 18.1% |
SPLV 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 SPLV weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
SPLV largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| BRK.B | Berkshire Hathaway Inc. | 1.51% | 13.4 | 22.7 | 3.0 | — | 2.30% |
| DUK | Duke Energy Corporation | 1.34% | 18.3 | 15.9 | 2.9 | 3.57% | 1.50% |
| EVRG | Evergy, Inc. | 1.30% | 21.2 | 19.5 | 3.2 | 3.34% | 1.25% |
| WEC | WEC Energy Group, Inc. | 1.30% | 21.1 | 16.9 | 3.5 | 3.50% | 1.26% |
| CNP | CenterPoint Energy, Inc. | 1.28% | 24.0 | 17.7 | 2.8 | 2.37% | 1.09% |
| ATO | Atmos Energy Corporation | 1.28% | 19.9 | 17.6 | 5.7 | 2.39% | 1.31% |
| ED | Consolidated Edison, Inc. | 1.26% | 18.2 | 16.1 | 2.3 | 3.16% | 1.41% |
| FE | FirstEnergy Corp. | 1.25% | 24.6 | 14.7 | 1.7 | 4.03% | 1.04% |
| PNW | Pinnacle West Capital Corporation | 1.24% | 19.9 | 16.9 | 2.3 | 3.52% | 1.27% |
| REG | Regency Centers Corporation | 1.24% | 24.7 | 28.9 | 8.1 | 4.12% | 1.02% |
| AFL | Aflac Incorporated | 1.23% | 12.9 | 15.2 | 3.3 | 2.03% | 1.95% |
| AEE | Ameren Corporation | 1.20% | 18.7 | 17.5 | 3.5 | 2.83% | 1.31% |
| LNT | Alliant Energy Corporation | 1.20% | 21.6 | 17.5 | 4.0 | 3.13% | 1.13% |
| LIN | Linde plc | 1.18% | 32.2 | 23.6 | 6.5 | 1.28% | 0.75% |
| CMS | CMS Energy Corporation | 1.17% | 20.6 | 15.2 | 2.4 | 3.32% | 1.16% |
| DTE | DTE Energy Company | 1.17% | 20.6 | 15.6 | 1.6 | 3.59% | 1.16% |
| L | Loews Corporation | 1.17% | 13.5 | 12.2 | 1.2 | 0.23% | 1.76% |
| RSG | Republic Services, Inc. | 1.16% | 32.8 | 26.3 | 4.2 | 1.16% | 0.72% |
| NI | NiSource Inc. | 1.16% | 22.7 | 17.4 | 3.0 | 2.81% | 1.04% |
| PG | The Procter & Gamble Company | 1.15% | 24.1 | 21.2 | 4.3 | 2.73% | 0.97% |
| PPL | PPL Corporation | 1.15% | 20.8 | 15.4 | 2.8 | 3.24% | 1.12% |
| AEP | American Electric Power Company, Inc. | 1.14% | 22.0 | 17.2 | 3.0 | 2.99% | 1.06% |
| SO | The Southern Company | 1.13% | 22.0 | 17.0 | 3.5 | 3.33% | 1.05% |
| KO | The Coca-Cola Company | 1.10% | 28.2 | 25.3 | 8.1 | 2.26% | 0.80% |
| CB | Chubb Limited | 1.10% | 12.7 | 11.6 | 2.2 | 1.13% | 1.77% |
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 SPLV valuation
Adding up its 99 holdings with company data, SPLV trades at 20.0 times trailing earnings and 17.7 times analysts' forward estimates, with a price-to-book ratio of 2.51 and a dividend yield of 2.61%. Its earnings yield of 5.00% is 0.33 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 13.0% of the fund and earn 13.4% of its combined profit. By sector, Basic Materials is the most expensive at 34.9 times earnings and Financial Services the cheapest at 12.9. 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 98.8% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: SPLV chart, SPLV performance, SPLV holdings, SPLV dividends.
SPLV valuation FAQ
What is the P/E ratio of SPLV?
Based on its holdings, SPLV has a trailing P/E of 20.0 and a forward P/E of 17.7 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of SPLV?
The trailing earnings yield is 5.00% (1 ÷ P/E) and the forward earnings yield 5.64%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is SPLV more expensive than the S&P 500?
SPLV trades at 20.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 17.7 and 19.9.
What is the price-to-book ratio of SPLV?
The holdings of SPLV trade at 2.51 times book value, with a combined return on equity of 12.5%.
Which sector in SPLV has the highest P/E?
Basic Materials has the highest P/E at 34.9 and Financial Services the lowest at 12.9.