iShares ESG Advanced MSCI USA ETF (USXF) Valuation

NASDAQ: USXFP/E, earnings yield and other ratios of the holdings combined.

USXF valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 27.2
Forward P/E: 18.7
Price / sales: 4.25
Price / book: 5.76
EV / EBITDA: 20.6
Earnings yield: 3.68%
Dividend yield: 1.09%
Return on equity: 21.2%
Net margin: 15.6%
Beta: 1.35

USXF valuation vs other stock ETFs

P/E (TTM)Forward P/E

USXF valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
USXF	27.2	18.7	4.25	5.76	1.09%	21.2%	15.6%	3.6%
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.

USXF valuation by sector

P/E (TTM)Forward P/E

USXF valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	52.1%	34.7	20.5	8.41	10.74	0.60%	30.9%
Financial Services	17.7%	17.7	14.6	3.42	3.05	1.45%	17.3%
Healthcare	7.4%	27.5	18.5	2.45	4.23	0.76%	15.4%
Industrials	7.0%	33.0	22.7	3.41	6.77	1.07%	20.5%
Consumer Cyclical	6.4%	24.8	18.5	1.99	9.51	1.52%	38.3%
Real Estate	3.8%	36.0	33.8	6.70	3.43	3.28%	9.5%
Basic Materials	2.2%	27.4	17.7	3.36	3.69	1.48%	13.5%
Communication Services	2.0%	9.9	9.1	1.26	1.69	4.79%	17.0%
Consumer Defensive	1.1%	29.6	15.6	1.19	4.17	2.74%	14.1%
Utilities	0.1%	23.4	20.0	5.08	2.27	2.65%	9.7%

USXF earnings yield vs bond yields

USXF earnings yield (forward)

5.34%

USXF earnings yield (trailing)

3.68%

USXF dividend yield

1.09%

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 USXF weight splits by P/E

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

USXF largest holdings: valuation

USXF largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
NVDA	NVIDIA Corporation	12.97%	27.1	24.9	17.1	0.47%	13.03%
AVGO	Broadcom Inc.	5.95%	43.3	19.4	17.6	0.79%	3.74%
MU	Micron Technology, Inc.	3.77%	11.8	7.0	7.5	0.07%	8.67%
AMD	Advanced Micro Devices, Inc.	3.35%	134.9	39.5	20.9	—	0.67%
V	Visa Inc.	2.72%	34.3	24.0	17.0	0.67%	2.16%
MA	Mastercard Incorporated	2.06%	34.0	24.2	15.4	0.56%	1.65%
CSCO	Cisco Systems, Inc.	1.72%	32.2	19.8	6.7	1.56%	1.45%
INTC	Intel Corporation	1.57%	—	63.3	8.3	—	−1.01%
HD	The Home Depot, Inc.	1.27%	21.5	19.8	1.8	3.01%	1.61%
LRCX	Lam Research Corporation	1.22%	45.8	33.7	14.2	0.50%	0.72%
AMAT	Applied Materials, Inc.	1.20%	35.3	23.4	10.5	0.52%	0.93%
PANW	Palo Alto Networks, Inc.	1.18%	855.0	94.3	24.4	—	0.04%
TMO	Thermo Fisher Scientific Inc.	1.08%	37.1	24.2	5.5	0.27%	0.79%
TXN	Texas Instruments Incorporated	1.02%	42.1	27.5	13.0	2.20%	0.66%
LIN	Linde plc	1.00%	32.2	23.6	6.5	1.28%	0.84%
ORCL	Oracle Corporation	0.90%	20.1	17.8	5.4	1.56%	1.21%
KLAC	KLA Corporation	0.77%	45.3	34.8	15.9	0.56%	0.46%
VZ	Verizon Communications Inc.	0.76%	11.7	8.7	1.3	6.32%	1.78%
QCOM	QUALCOMM Incorporated	0.75%	19.9	19.6	4.2	2.14%	1.02%
MRVL	Marvell Technology, Inc.	0.74%	72.3	62.1	21.7	0.11%	0.28%
ADI	Analog Devices, Inc.	0.74%	47.0	23.2	13.8	1.11%	0.43%
WELL	Welltower Inc.	0.72%	105.3	78.1	13.3	1.45%	0.19%
BLK	BlackRock, Inc.	0.72%	25.8	16.4	6.5	2.02%	0.76%
ANET	Arista Networks, Inc.	0.71%	55.8	39.2	21.2	—	0.35%
AXP	American Express Company	0.69%	19.0	15.1	3.0	1.21%	0.99%

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 USXF valuation

Adding up its 280 holdings with company data, USXF trades at 27.2 times trailing earnings and 18.7 times analysts' forward estimates, with a price-to-book ratio of 5.76 and a dividend yield of 1.09%. Its earnings yield of 3.68% is 1.65 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 36.6% of the fund and earn 32.7% of its combined profit. By sector, Real Estate is the most expensive at 36.0 times earnings and Communication Services the cheapest at 9.9. Companies that lost money over the past year are 3.6% 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 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

USXF valuation FAQ

What is the P/E ratio of USXF?

Based on its holdings, USXF has a trailing P/E of 27.2 and a forward P/E of 18.7 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of USXF?

The trailing earnings yield is 3.68% (1 ÷ P/E) and the forward earnings yield 5.34%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is USXF more expensive than the S&P 500?

USXF trades at 27.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 18.7 and 19.9.

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

The holdings of USXF trade at 5.76 times book value, with a combined return on equity of 21.2%.

Which sector in USXF has the highest P/E?

Real Estate has the highest P/E at 36.0 and Communication Services the lowest at 9.9.