iShares Texas Equity ETF (TEXN) Valuation
TEXN valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 28.8 trailing earnings
- Forward P/E
- 18.0 analyst estimates
- Price / sales
- 2.07
- Price / book
- 3.65
- EV / EBITDA
- 12.6
- Earnings yield
- 3.47% inverse of P/E
- Dividend yield
- 1.59% of the holdings
- Return on equity
- 12.7% combined
- Net margin
- 7.2% combined
- Beta
- 0.96 weighted, vs S&P 500
TEXN valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| TEXN | 28.8 | 18.0 | 2.07 | 3.65 | 1.59% | 12.7% | 7.2% | 4.5% |
| 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.
TEXN valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Energy | 38.1% | 20.1 | 13.5 | 1.90 | 2.41 | 2.28% | 12.0% |
| Technology | 16.7% | 40.0 | 26.5 | 4.55 | 7.92 | 1.03% | 19.8% |
| Industrials | 13.8% | 41.3 | 23.6 | 2.34 | 8.10 | 0.71% | 19.6% |
| Consumer Cyclical | 11.6% | 82.0 | 61.8 | 4.97 | 8.62 | 0.14% | 10.5% |
| Financial Services | 3.8% | n/m | 11.9 | 3.65 | 2.79 | 1.65% | −2.4% |
| Healthcare | 3.8% | 33.8 | 25.0 | 0.49 | 5.77 | 0.22% | 17.1% |
| Real Estate | 3.6% | 36.4 | 28.0 | 3.34 | 3.72 | 3.17% | 10.2% |
| Communication Services | 2.7% | 8.3 | 9.9 | 1.29 | 1.71 | 4.46% | 20.6% |
| Utilities | 2.3% | 28.5 | 13.2 | 2.10 | 3.61 | 1.43% | 12.7% |
| Consumer Defensive | 2.2% | 24.1 | 13.4 | 1.03 | 3.74 | 3.13% | 15.5% |
| Basic Materials | 0.5% | n/m | 10.2 | 0.71 | 1.66 | 2.78% | −7.9% |
TEXN 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 TEXN weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
TEXN largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| XOM | Exxon Mobil Corporation | 10.69% | 23.0 | 14.8 | 2.0 | 2.30% | 13.48% |
| TSLA | Tesla, Inc. | 9.84% | 328.4 | 158.7 | 13.5 | — | 0.87% |
| CVX | Chevron Corporation | 7.08% | 21.2 | 15.2 | 2.1 | 3.16% | 9.69% |
| CAT | Caterpillar Inc. | 5.31% | 31.5 | 25.4 | 4.5 | 0.89% | 4.90% |
| TXN | Texas Instruments Incorporated | 4.10% | 42.1 | 27.5 | 13.0 | 2.20% | 2.83% |
| CRWD | CrowdStrike Holdings, Inc. | 4.07% | — | 208.3 | 43.1 | — | 0.03% |
| ORCL | Oracle Corporation | 3.55% | 20.1 | 17.8 | 5.4 | 1.56% | 5.13% |
| COP | ConocoPhillips | 2.86% | 19.4 | 12.7 | 2.7 | 2.29% | 4.28% |
| T | AT&T Inc. | 2.42% | 7.7 | 9.9 | 1.3 | 4.74% | 9.09% |
| SCHW | The Charles Schwab Corporation | 2.38% | 15.7 | 12.9 | 5.9 | 1.39% | 4.41% |
| DELL | Dell Technologies Inc. | 2.21% | 26.3 | 21.3 | 1.9 | 0.56% | 2.45% |
| VLO | Valero Energy Corporation | 2.08% | 18.5 | 10.2 | 1.0 | 1.08% | 3.26% |
| MCK | McKesson Corporation | 2.00% | 26.9 | 19.7 | 0.3 | 0.37% | 2.16% |
| PSX | Phillips 66 | 1.89% | 16.8 | 9.7 | 0.8 | 1.81% | 3.28% |
| SPCX | Space Exploration Technologies Corp. | 1.44% | — | 200.0 | 83.5 | — | −0.18% |
| WM | Waste Management, Inc. | 1.44% | 32.1 | 22.5 | 3.5 | 1.67% | 1.30% |
| EOG | EOG Resources, Inc. | 1.36% | 12.3 | 10.1 | 3.1 | 2.58% | 3.22% |
| PWR | Quanta Services, Inc. | 1.36% | 72.4 | 33.0 | 2.9 | 0.07% | 0.55% |
| SLB | Schlumberger Limited | 1.24% | 23.9 | 15.9 | 2.0 | 2.38% | 1.50% |
| HPE | Hewlett Packard Enterprise Company | 1.20% | 28.4 | 13.6 | 1.7 | 1.03% | 1.22% |
| KMI | Kinder Morgan, Inc. | 1.04% | 22.1 | 20.0 | 4.2 | 3.45% | 1.37% |
| LNG | Cheniere Energy, Inc. | 1.01% | 21.9 | 13.5 | 2.9 | 0.77% | 1.34% |
| DLR | Digital Realty Trust, Inc. | 1.01% | 85.4 | 66.2 | 9.8 | 2.77% | 0.34% |
| TRGP | Targa Resources Corp. | 0.99% | 28.2 | 23.2 | 3.8 | 1.70% | 1.02% |
| DVN | Devon Energy Corporation | 0.94% | 11.1 | 9.3 | 3.0 | 2.52% | 2.47% |
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 TEXN valuation
Adding up its 212 holdings with company data, TEXN trades at 28.8 times trailing earnings and 18.0 times analysts' forward estimates, with a price-to-book ratio of 3.65 and a dividend yield of 1.59%. Its earnings yield of 3.47% is 1.85 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 52.3% of the fund and earn 54.7% of its combined profit. By sector, Consumer Cyclical is the most expensive at 82.0 times earnings and Communication Services the cheapest at 8.3. Companies that lost money over the past year are 4.5% 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 99.97% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: TEXN chart, TEXN performance, TEXN holdings, TEXN dividends.
TEXN valuation FAQ
What is the P/E ratio of TEXN?
Based on its holdings, TEXN has a trailing P/E of 28.8 and a forward P/E of 18.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of TEXN?
The trailing earnings yield is 3.47% (1 ÷ P/E) and the forward earnings yield 5.55%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is TEXN more expensive than the S&P 500?
TEXN trades at 28.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 18.0 and 19.9.
What is the price-to-book ratio of TEXN?
The holdings of TEXN trade at 3.65 times book value, with a combined return on equity of 12.7%.
Which sector in TEXN has the highest P/E?
Consumer Cyclical has the highest P/E at 82.0 and Communication Services the lowest at 8.3.