Invesco S&P MidCap Momentum ETF (XMMO) Valuation
XMMO valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 28.9 trailing earnings
- Forward P/E
- 16.4 analyst estimates
- Price / sales
- 1.59
- Price / book
- 3.39
- EV / EBITDA
- 7.9
- Earnings yield
- 3.46% inverse of P/E
- Dividend yield
- 0.94% of the holdings
- Return on equity
- 11.7% combined
- Net margin
- 5.5% combined
- Beta
- 1.14 weighted, vs S&P 500
XMMO valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| XMMO | 28.9 | 16.4 | 1.59 | 3.39 | 0.94% | 11.7% | 5.5% | 11.8% |
| 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.
XMMO valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 20.9% | 39.3 | 15.2 | 1.02 | 4.64 | 0.28% | 11.8% |
| Industrials | 20.4% | 34.3 | 22.6 | 2.65 | 5.06 | 0.49% | 14.8% |
| Healthcare | 16.7% | 124.6 | 20.4 | 3.64 | 4.51 | 0.00% | 3.6% |
| Energy | 15.2% | 16.4 | 12.9 | 1.03 | 2.33 | 1.29% | 14.2% |
| Real Estate | 7.8% | 31.4 | 21.5 | 6.01 | 2.64 | 4.27% | 8.4% |
| Financial Services | 6.6% | 13.4 | 10.1 | 2.00 | 1.73 | 1.91% | 12.9% |
| Consumer Cyclical | 4.1% | 16.9 | 13.5 | 0.62 | 2.51 | 1.21% | 14.9% |
| Basic Materials | 3.2% | 22.4 | 17.7 | 1.78 | 3.08 | 0.85% | 13.7% |
| Consumer Defensive | 2.3% | 21.0 | 14.1 | 1.64 | 2.93 | 0.25% | 14.0% |
| Utilities | 1.0% | 16.4 | 13.8 | 1.84 | 1.64 | 4.37% | 10.0% |
| Communication Services | 0.9% | 28.2 | 21.1 | 3.70 | 5.16 | 1.36% | 18.3% |
XMMO 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 XMMO weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
XMMO largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| FTI | TechnipFMC plc | 4.53% | 24.3 | 21.3 | 2.6 | 0.29% | 5.60% |
| ROIV | Roivant Sciences Ltd. | 4.08% | — | — | 3,215.5 | — | −1.94% |
| ATI | ATI Inc. | 3.46% | 54.4 | 28.8 | 5.4 | — | 1.91% |
| DINO | HF Sinclair Corporation | 3.09% | 11.9 | 10.0 | 0.7 | 1.68% | 7.78% |
| SNX | TD SYNNEX Corporation | 2.72% | 15.0 | 12.7 | 0.3 | 0.78% | 5.43% |
| UTHR | United Therapeutics Corporation | 2.66% | 19.1 | 16.4 | 7.2 | — | 4.18% |
| MKSI | MKS Instruments, Inc. | 2.46% | 34.2 | 10.4 | 3.3 | 0.47% | 2.17% |
| NVT | nVent Electric plc | 2.39% | 39.3 | 25.1 | 4.8 | 0.59% | 1.82% |
| JAZZ | Jazz Pharmaceuticals plc | 2.22% | 14.4 | 10.9 | 3.0 | — | 4.63% |
| RS | Reliance Steel & Aluminum Co. | 2.12% | 23.9 | 16.4 | 1.3 | 1.22% | 2.66% |
| BTSG | BrightSpring Health Services, Inc. | 2.11% | 53.9 | 22.2 | 0.8 | — | 1.18% |
| YZ8 | Permian Resources Corporation | 1.99% | — | — | — | — | — |
| LSCC | Lattice Semiconductor Corporation | 1.90% | 414.6 | 38.8 | 22.6 | — | 0.14% |
| DOCN | DigitalOcean Holdings, Inc. | 1.78% | 45.5 | 76.3 | 11.5 | — | 1.17% |
| CRS | Carpenter Technology Corporation | 1.76% | 35.8 | 23.4 | 6.0 | 0.21% | 1.48% |
| OVV | Ovintiv Inc. | 1.74% | 19.3 | 9.0 | 2.0 | 1.73% | 2.71% |
| ARWR | Arrowhead Pharmaceuticals, Inc. | 1.64% | — | 111.1 | 11.8 | — | −2.01% |
| MOG.A | Moog Inc. | 1.62% | 31.1 | 31.7 | 2.7 | 0.33% | 1.56% |
| OHI | Omega Healthcare Investors, Inc. | 1.48% | 16.3 | 10.1 | 11.6 | 5.96% | 2.73% |
| VIAV | Viavi Solutions Inc. | 1.45% | — | 22.1 | 5.4 | — | −0.17% |
| CW | Curtiss-Wright Corporation | 1.43% | 34.6 | 28.4 | 5.1 | 0.21% | 1.24% |
| MTSI | MACOM Technology Solutions Holdings, Inc. | 1.39% | 83.5 | 32.3 | 17.2 | — | 0.50% |
| WCC | WESCO International, Inc. | 1.38% | 23.6 | 18.2 | 0.7 | 0.59% | 1.75% |
| ONTO | Onto Innovation Inc. | 1.37% | 83.0 | 22.8 | 9.7 | — | 0.50% |
| ARW | Arrow Electronics, Inc. | 1.37% | 13.7 | 5.0 | 0.3 | — | 3.00% |
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 XMMO valuation
Adding up its 74 holdings with company data, XMMO trades at 28.9 times trailing earnings and 16.4 times analysts' forward estimates, with a price-to-book ratio of 3.39 and a dividend yield of 0.94%. Its earnings yield of 3.46% is 1.86 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 29.7% of the fund and earn 34.2% of its combined profit. By sector, Healthcare is the most expensive at 124.6 times earnings and Financial Services the cheapest at 13.4. Companies that lost money over the past year are 11.8% 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 96.1% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: XMMO chart, XMMO performance, XMMO holdings, XMMO dividends.
XMMO valuation FAQ
What is the P/E ratio of XMMO?
Based on its holdings, XMMO has a trailing P/E of 28.9 and a forward P/E of 16.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of XMMO?
The trailing earnings yield is 3.46% (1 ÷ P/E) and the forward earnings yield 6.09%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is XMMO more expensive than the S&P 500?
XMMO trades at 28.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 16.4 and 19.9.
What is the price-to-book ratio of XMMO?
The holdings of XMMO trade at 3.39 times book value, with a combined return on equity of 11.7%.
Which sector in XMMO has the highest P/E?
Healthcare has the highest P/E at 124.6 and Financial Services the lowest at 13.4.