Invesco S&P SmallCap Momentum ETF (XSMO) Valuation
XSMO valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 27.9 trailing earnings
- Forward P/E
- 17.4 analyst estimates
- Price / sales
- 1.11
- Price / book
- 2.59
- EV / EBITDA
- 13.1
- Earnings yield
- 3.59% inverse of P/E
- Dividend yield
- 1.27% of the holdings
- Return on equity
- 9.3% combined
- Net margin
- 4.0% combined
- Beta
- 1.16 weighted, vs S&P 500
XSMO valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| XSMO | 27.9 | 17.4 | 1.11 | 2.59 | 1.27% | 9.3% | 4.0% | 20.1% |
| 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.
XSMO valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Healthcare | 20.7% | 91.6 | 18.3 | 3.41 | 5.53 | 0.11% | 6.0% |
| Technology | 16.7% | 90.7 | 22.6 | 2.24 | 3.17 | 0.22% | 3.5% |
| Financial Services | 15.6% | 12.1 | 10.3 | 0.49 | 1.46 | 1.87% | 12.1% |
| Real Estate | 13.8% | 44.4 | 30.4 | 3.72 | 2.06 | 3.99% | 4.6% |
| Energy | 7.9% | 11.2 | 14.1 | 0.57 | 2.18 | 3.20% | 19.4% |
| Consumer Cyclical | 6.6% | 23.3 | 13.1 | 0.93 | 4.16 | 0.47% | 17.8% |
| Industrials | 6.6% | 25.1 | 21.1 | 1.57 | 3.06 | 0.37% | 12.2% |
| Consumer Defensive | 4.7% | 23.7 | 19.6 | 0.38 | 3.10 | 0.42% | 13.1% |
| Communication Services | 3.8% | n/m | 45.6 | 3.64 | 1.68 | 0.09% | −0.9% |
| Basic Materials | 2.7% | 17.4 | 14.5 | 1.43 | 4.16 | 0.44% | 24.0% |
XSMO 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 XSMO weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
XSMO largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| VSAT | Viasat, Inc. | 3.61% | — | 144.9 | 1.8 | — | −0.37% |
| VSXY | Victoria's Secret & Co | 3.11% | 19.5 | 13.6 | 1.0 | — | 4.62% |
| PTGX | Protagonist Therapeutics, Inc. | 2.80% | 125.0 | 36.9 | 29.5 | — | 0.65% |
| MSGS | Madison Square Garden Sports Corp. | 2.39% | — | 72.5 | 8.3 | — | 0.06% |
| LGND | Ligand Pharmaceuticals Incorporated | 2.18% | 31.1 | 24.8 | 20.3 | — | 2.03% |
| GKOS | Glaukos Corporation | 2.17% | — | — | 15.9 | — | −1.25% |
| INSW | International Seaways, Inc. | 2.01% | 7.0 | 15.1 | 4.3 | 7.44% | 8.28% |
| RHP | Ryman Hospitality Properties, Inc. | 2.00% | 30.7 | 25.8 | 3.2 | 3.81% | 1.89% |
| MATX | Matson, Inc. | 1.95% | 15.8 | 19.2 | 2.0 | 0.65% | 3.57% |
| ALKS | Alkermes plc | 1.72% | 108.5 | 133.3 | 4.1 | — | 0.46% |
| OUT | Outfront Media Inc. | 1.70% | 21.9 | 19.0 | 2.8 | 4.05% | 2.25% |
| AMRX | Amneal Pharmaceuticals, Inc. | 1.65% | 39.1 | 6.3 | 2.1 | — | 1.22% |
| PLXS | Plexus Corp. | 1.62% | 34.0 | 24.2 | 1.3 | — | 1.38% |
| MXL | MaxLinear, Inc. | 1.54% | — | 31.5 | 11.4 | — | −0.74% |
| ENVA | Enova International, Inc. | 1.53% | 13.3 | 8.3 | 2.6 | — | 3.35% |
| MAC | The Macerich Company | 1.53% | — | — | 6.6 | 2.96% | −1.21% |
| PSMT | PriceSmart, Inc. | 1.39% | 32.7 | 27.5 | 0.9 | 0.82% | 1.23% |
| ESE | ESCO Technologies Inc. | 1.30% | 46.2 | 25.4 | 5.0 | 0.13% | 0.82% |
| LQDA | Liquidia Corporation | 1.30% | 24.7 | 10.5 | 6.8 | — | 1.52% |
| PARR | Par Pacific Holdings, Inc. | 1.29% | 4.9 | 10.5 | 0.5 | — | 7.66% |
| NHC | National HealthCare Corporation | 1.29% | 27.0 | 9.9 | 2.4 | 1.10% | 1.38% |
| KLIC | Kulicke and Soffa Industries, Inc. | 1.27% | 36.1 | 13.3 | 4.3 | 1.04% | 1.02% |
| HP | Helmerich & Payne, Inc. | 1.25% | — | 35.6 | 0.9 | 2.67% | −1.38% |
| SPHR | Sphere Entertainment Co. | 1.24% | — | 28.4 | 2.7 | — | −0.75% |
| POWL | Powell Industries, Inc. | 1.23% | 31.6 | 29.3 | 5.2 | 0.22% | 1.13% |
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 XSMO valuation
Adding up its 107 holdings with company data, XSMO trades at 27.9 times trailing earnings and 17.4 times analysts' forward estimates, with a price-to-book ratio of 2.59 and a dividend yield of 1.27%. Its earnings yield of 3.59% is 1.74 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 23.9% of the fund and earn 19.9% of its combined profit. By sector, Healthcare is the most expensive at 91.6 times earnings and Energy the cheapest at 11.2. Companies that lost money over the past year are 20.1% 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 95.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: XSMO chart, XSMO performance, XSMO holdings, XSMO dividends.
XSMO valuation FAQ
What is the P/E ratio of XSMO?
Based on its holdings, XSMO has a trailing P/E of 27.9 and a forward P/E of 17.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of XSMO?
The trailing earnings yield is 3.59% (1 ÷ P/E) and the forward earnings yield 5.73%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is XSMO more expensive than the S&P 500?
XSMO trades at 27.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 17.4 and 19.9.
What is the price-to-book ratio of XSMO?
The holdings of XSMO trade at 2.59 times book value, with a combined return on equity of 9.3%.
Which sector in XSMO has the highest P/E?
Healthcare has the highest P/E at 91.6 and Energy the lowest at 11.2.