Invesco S&P MidCap Value with Momentum ETF (XMVM) Valuation
XMVM valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 12.2 trailing earnings
- Forward P/E
- 10.1 analyst estimates
- Price / sales
- 0.79
- Price / book
- 1.46
- EV / EBITDA
- 6.9
- Earnings yield
- 8.19% inverse of P/E
- Dividend yield
- 2.12% of the holdings
- Return on equity
- 11.9% combined
- Net margin
- 6.5% combined
- Beta
- 0.88 weighted, vs S&P 500
XMVM valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| XMVM | 12.2 | 10.1 | 0.79 | 1.46 | 2.12% | 11.9% | 6.5% | 1.2% |
| 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.
XMVM valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 34.6% | 10.4 | 9.4 | 2.04 | 1.30 | 2.53% | 12.5% |
| Energy | 18.8% | 10.0 | 9.0 | 0.69 | 1.31 | 1.72% | 13.0% |
| Consumer Cyclical | 14.1% | 10.0 | 9.3 | 0.40 | 1.69 | 2.16% | 16.9% |
| Industrials | 10.7% | 35.8 | 14.2 | 0.67 | 1.77 | 0.93% | 5.0% |
| Utilities | 8.6% | 18.0 | 13.3 | 1.92 | 1.46 | 3.81% | 8.1% |
| Technology | 4.8% | 16.6 | 6.9 | 0.28 | 1.77 | 0.81% | 10.6% |
| Real Estate | 3.3% | 17.9 | 17.8 | 1.03 | 1.28 | 3.64% | 7.1% |
| Healthcare | 2.9% | 13.4 | 13.5 | 1.06 | 2.57 | 0.00% | 19.2% |
| Consumer Defensive | 1.1% | 31.4 | 17.0 | 0.55 | 4.75 | 0.00% | 15.1% |
XMVM 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 XMVM weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
XMVM largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| PBF | PBF Energy Inc. | 4.63% | 7.4 | 8.4 | 0.3 | 1.30% | 7.78% |
| DINO | HF Sinclair Corporation | 3.18% | 11.9 | 10.0 | 0.7 | 1.68% | 3.33% |
| M | Macy's, Inc. | 2.50% | 8.8 | 9.4 | 0.3 | 3.19% | 3.55% |
| THC | Tenet Healthcare Corporation | 2.06% | 10.5 | 12.5 | 1.0 | — | 2.45% |
| RNR | RenaissanceRe Holdings Ltd. | 2.04% | 6.1 | 8.1 | 1.3 | 0.47% | 4.20% |
| PAG | Penske Automotive Group, Inc. | 2.03% | 14.9 | 14.7 | 0.4 | 2.75% | 1.70% |
| GEF | Greif, Inc. | 1.78% | 37.2 | 9.3 | 1.1 | 2.87% | 0.60% |
| AVT | Avnet, Inc. | 1.74% | 23.3 | 7.1 | 0.3 | 1.64% | 0.93% |
| ARW | Arrow Electronics, Inc. | 1.72% | 13.7 | 5.0 | 0.3 | — | 1.57% |
| CNX | CNX Resources Corporation | 1.71% | 5.8 | 8.4 | 2.5 | — | 3.68% |
| OZK | Bank OZK | 1.61% | 7.6 | 7.6 | 3.2 | 4.25% | 2.65% |
| GHC | Graham Holdings Company | 1.58% | 9.7 | 20.1 | 1.0 | 0.63% | 2.03% |
| AN | AutoNation, Inc. | 1.53% | 7.5 | 6.9 | 0.2 | — | 2.56% |
| THG | The Hanover Insurance Group, Inc. | 1.53% | 11.2 | 11.1 | 1.2 | 1.63% | 1.71% |
| LEA | Lear Corporation | 1.53% | 11.2 | 6.9 | 0.2 | 2.57% | 1.71% |
| ASB | Associated Banc-Corp | 1.51% | 10.1 | 9.2 | 3.5 | 3.31% | 1.87% |
| FNB | F.N.B. Corporation | 1.51% | 10.3 | 9.7 | 3.5 | 3.02% | 1.83% |
| UGI | UGI Corporation | 1.49% | 12.8 | 7.7 | 1.1 | 3.90% | 1.46% |
| ORI | Old Republic International Corporation | 1.46% | 8.8 | 11.4 | 1.0 | 3.18% | 2.08% |
| FAF | First American Financial Corporation | 1.43% | 9.0 | 9.4 | 0.8 | 3.76% | 1.99% |
| JLL | Jones Lang LaSalle Incorporated | 1.40% | 14.7 | 10.4 | 0.5 | — | 1.20% |
| ALLY | Ally Financial Inc. | 1.36% | 8.9 | 6.0 | 1.5 | 3.18% | 1.92% |
| VOYA | Voya Financial, Inc. | 1.33% | 15.8 | 8.7 | 1.0 | 2.00% | 1.05% |
| SNX | TD SYNNEX Corporation | 1.33% | 15.0 | 12.7 | 0.3 | 0.78% | 1.10% |
| OVV | Ovintiv Inc. | 1.32% | 19.3 | 9.0 | 2.0 | 1.73% | 0.85% |
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 XMVM valuation
Adding up its 76 holdings with company data, XMVM trades at 12.2 times trailing earnings and 10.1 times analysts' forward estimates, with a price-to-book ratio of 1.46 and a dividend yield of 2.12%. Its earnings yield of 8.19% is 2.86 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 23.4% of the fund and earn 29.8% of its combined profit. By sector, Industrials is the most expensive at 35.8 times earnings and Consumer Cyclical the cheapest at 10.0. Companies that lost money over the past year are 1.2% 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 97.5% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: XMVM chart, XMVM performance, XMVM holdings, XMVM dividends.
XMVM valuation FAQ
What is the P/E ratio of XMVM?
Based on its holdings, XMVM has a trailing P/E of 12.2 and a forward P/E of 10.1 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of XMVM?
The trailing earnings yield is 8.19% (1 ÷ P/E) and the forward earnings yield 9.94%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is XMVM more expensive than the S&P 500?
XMVM trades at 12.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 10.1 and 19.9.
What is the price-to-book ratio of XMVM?
The holdings of XMVM trade at 1.46 times book value, with a combined return on equity of 11.9%.
Which sector in XMVM has the highest P/E?
Industrials has the highest P/E at 35.8 and Consumer Cyclical the lowest at 10.0.