ARS Core Equity Portfolio ETF (ACEP) Valuation
ACEP valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 21.4 trailing earnings
- Forward P/E
- 16.5 analyst estimates
- Price / sales
- 2.24
- Price / book
- 4.32
- EV / EBITDA
- 13.5
- Earnings yield
- 4.67% inverse of P/E
- Dividend yield
- 2.23% of the holdings
- Return on equity
- 20.2% combined
- Net margin
- 10.5% combined
- Beta
- 0.93 weighted, vs S&P 500
ACEP valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| ACEP | 21.4 | 16.5 | 2.24 | 4.32 | 2.23% | 20.2% | 10.5% | 0.0% |
| 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.
ACEP valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 30.5% | 28.7 | 19.8 | 4.47 | 8.25 | 1.50% | 28.7% |
| Energy | 15.7% | 19.9 | 15.3 | 2.18 | 3.01 | 2.37% | 15.1% |
| Financial Services | 14.2% | 22.8 | 16.0 | 6.02 | 3.60 | 2.79% | 15.8% |
| Industrials | 10.0% | 20.3 | 23.3 | 2.78 | 4.81 | 1.29% | 23.8% |
| Healthcare | 7.4% | 15.0 | 12.6 | 1.39 | 5.98 | 3.56% | 39.8% |
| Consumer Cyclical | 2.5% | 19.7 | 17.1 | 6.21 | 146.07 | 3.18% | 740.0% |
| Consumer Defensive | 2.2% | 21.1 | 9.6 | 0.22 | 1.44 | 2.71% | 6.8% |
| Communication Services | 2.2% | 7.1 | 5.9 | 0.62 | 0.89 | 6.03% | 12.6% |
ACEP 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 ACEP weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
ACEP largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| CVX | Chevron Corporation | 4.39% | 21.2 | 15.2 | 2.1 | 3.16% | 5.03% |
| ABX | Barrick Gold Corp | 3.82% | — | — | — | — | — |
| PH | Parker-Hannifin Corporation | 3.81% | 33.8 | 27.5 | 5.7 | 0.83% | 2.74% |
| AVGO | Broadcom Inc. | 3.69% | 43.3 | 19.4 | 17.6 | 0.79% | 2.07% |
| ACN | Accenture plc | 3.67% | 16.9 | 12.4 | 1.9 | 2.98% | 5.27% |
| LRCX | Lam Research Corporation | 3.56% | 45.8 | 33.7 | 14.2 | 0.50% | 1.89% |
| TRGP | Targa Resources Corp. | 3.52% | 28.2 | 23.2 | 3.8 | 1.70% | 3.03% |
| SCCO | Southern Copper Corporation | 3.51% | 29.9 | 28.1 | 10.7 | 2.19% | 2.85% |
| JPM | JPMorgan Chase & Co. | 3.45% | 14.2 | 13.5 | 4.7 | 1.94% | 5.89% |
| ADP | Automatic Data Processing, Inc. | 3.42% | 26.4 | 22.0 | 5.2 | 2.35% | 3.15% |
| IBM | International Business Machines Corporation | 3.30% | 20.6 | 17.4 | 3.2 | 2.91% | 3.89% |
| STX | Seagate Technology Holdings plc | 3.25% | 46.0 | 25.7 | 11.9 | 0.46% | 1.72% |
| BX | Blackstone Inc. | 3.00% | 23.9 | 15.9 | 8.2 | 4.91% | 3.06% |
| AJG | Arthur J. Gallagher & Co. | 2.98% | 42.3 | 16.3 | 4.3 | 1.10% | 1.71% |
| RTX | RTX Corporation | 2.92% | 34.1 | 24.6 | 2.8 | 1.51% | 2.08% |
| EOG | EOG Resources, Inc. | 2.91% | 12.3 | 10.1 | 3.1 | 2.58% | 5.75% |
| BMY | Bristol-Myers Squibb Company | 2.74% | 13.2 | 9.4 | 2.5 | 4.22% | 5.07% |
| JNJ | Johnson & Johnson | 2.69% | 38.8 | 21.0 | 6.2 | 2.10% | 1.69% |
| HPE | Hewlett Packard Enterprise Company | 2.60% | 28.4 | 13.6 | 1.7 | 1.03% | 2.23% |
| GLNG | Golar LNG Limited | 2.60% | 31.0 | 40.2 | 8.8 | 2.21% | 2.04% |
| BLK | BlackRock, Inc. | 2.59% | 25.8 | 16.4 | 6.5 | 2.02% | 2.44% |
| AAPL | Apple Inc. | 2.49% | 39.4 | 35.2 | 10.7 | 0.31% | 1.54% |
| MCD | McDonald's Corporation | 2.47% | 19.7 | 17.1 | 6.2 | 3.18% | 3.05% |
| QCOM | QUALCOMM Incorporated | 2.47% | 19.9 | 19.6 | 4.2 | 2.14% | 3.01% |
| PSX | Phillips 66 | 2.29% | 16.8 | 9.7 | 0.8 | 1.81% | 3.33% |
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 ACEP valuation
Adding up its 31 holdings with company data, ACEP trades at 21.4 times trailing earnings and 16.5 times analysts' forward estimates, with a price-to-book ratio of 4.32 and a dividend yield of 2.23%. Its earnings yield of 4.67% is 0.66 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 36.9% of the fund and earn 35.8% of its combined profit. By sector, Technology is the most expensive at 28.7 times earnings and Communication Services the cheapest at 7.1. Companies that lost money over the past year are 0.0% 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 91.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: ACEP chart, ACEP holdings, ACEP dividends.
ACEP valuation FAQ
What is the P/E ratio of ACEP?
Based on its holdings, ACEP has a trailing P/E of 21.4 and a forward P/E of 16.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of ACEP?
The trailing earnings yield is 4.67% (1 ÷ P/E) and the forward earnings yield 6.06%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is ACEP more expensive than the S&P 500?
ACEP trades at 21.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 16.5 and 19.9.
What is the price-to-book ratio of ACEP?
The holdings of ACEP trade at 4.32 times book value, with a combined return on equity of 20.2%.
Which sector in ACEP has the highest P/E?
Technology has the highest P/E at 28.7 and Communication Services the lowest at 7.1.