Potentially Overvalued ETFs by Price/Book

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Further to our article about potentiall undervalued ETFs based upon market CAP, we now here have an article about OVERVALUED ETFs

Of course, price to book isnt necessary an indication of an overvalued sector. Some sectors naturally have a higher p/b ratio. Technology for instance, has a higher PB value than Utilities across the board in general.


As always a discerning investor should read our disclaimer before taking any of this advice or even with a grain of salt.

Looking at the below list, we can see there are a lot of Tech stocks, emerging markets, growth stocks. Any of these may have justified valuations, but we tend to be wary of stocks with very high P/B ratios.

Overvalued ETFS?

ALPS Alerian MLP ETF AMLP Energy Stocks ALPS 4.23
PowerShares Dynamic Mid Cap Growth PWJ Medium Cap Growth PowerShares 4.12
Internet Architecture HOLDRs IAH Technology ETF Merrill Lynch 3.87
iShares MSCI Indonesia Invstble Market Index EIDO Emerging Markets iShares 3.83
Software HOLDRs SWH Technology ETF Merrill Lynch 3.74
Market Vectors Indonesia Index ETF IDX Emerging Markets Van Eck 3.73
PowerShares Dynamic Biotech & Genome PBE Healthcare Sector PowerShares 3.63
iShares S&P India Nifty 50 Index INDY Pacific/Asia exc Japan Stocks iShares 3.61
iShares S&P North Amer Tech-Software IGV Technology ETF iShares 3.6
Global X China Consumer ETF CHIQ Chinese Market  Global X Funds 3.52
PowerShares Dynamic Large Cap Growth PWB Diversified Growth PowerShares 3.51
First Trust NASDAQ-100-Tech Index QTEC Technology ETF First Trust 3.46
iShares Russell Top 200 Growth Index IWY Diversified Growth iShares 3.45
iShares Russell 1000 Growth Index IWF Diversified Growth iShares 3.44
First Trust Large Cap Gr Opp AlphaDEX FTC Diversified Growth First Trust 3.43