American Customer Satisfaction ETF (ACSI) Valuation
ACSI valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 20.8 trailing earnings
- Forward P/E
- 16.6 analyst estimates
- Price / sales
- 0.13
- Price / book
- 3.29
- EV / EBITDA
- 13.2
- Earnings yield
- 4.81% inverse of P/E
- Dividend yield
- 1.50% of the holdings
- Return on equity
- 15.8% combined
- Net margin
- 0.6% combined
- Beta
- 0.94 weighted, vs S&P 500
ACSI valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| ACSI | 20.8 | 16.6 | 0.13 | 3.29 | 1.50% | 15.8% | 0.6% | 3.2% |
| 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.
ACSI valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Consumer Cyclical | 25.5% | 24.1 | 15.4 | 0.04 | 2.74 | 1.24% | 11.4% |
| Communication Services | 21.2% | 14.6 | 13.7 | 2.52 | 3.27 | 2.34% | 22.3% |
| Technology | 15.5% | 32.5 | 27.9 | 5.25 | 10.30 | 0.49% | 31.7% |
| Consumer Defensive | 9.8% | 37.5 | 33.0 | 1.89 | 10.32 | 1.23% | 27.5% |
| Financial Services | 9.8% | 13.9 | 12.3 | 4.29 | 2.23 | 1.94% | 16.0% |
| Industrials | 5.3% | 15.4 | 11.2 | 0.71 | 2.29 | 1.41% | 14.8% |
| Healthcare | 4.5% | 39.1 | 24.3 | 0.34 | 2.34 | 0.86% | 6.0% |
| Utilities | 4.4% | 20.4 | 16.5 | 5.04 | 1.93 | 2.88% | 9.5% |
ACSI 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 ACSI weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
ACSI largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 7.50% | 39.4 | 35.2 | 10.7 | 0.31% | 4.12% |
| HUM | Humana Inc. | 4.47% | 39.1 | 24.3 | 0.3 | 0.86% | 2.48% |
| MSFT | Microsoft Corporation | 4.39% | 29.5 | 25.1 | 11.8 | 0.74% | 3.22% |
| META | Meta Platforms, Inc. | 4.19% | 26.7 | 22.1 | 7.9 | 0.30% | 3.39% |
| AMZN | Amazon.com, Inc. | 4.15% | 20.1 | 23.6 | 3.5 | — | 4.46% |
| GOOG | Alphabet Inc. | 4.02% | 16.9 | 21.8 | 9.2 | 0.26% | 5.14% |
| 8640 | Toronto Dominion Bank | 3.60% | — | — | — | — | — |
| DELL | Dell Technologies Inc. | 3.56% | 26.3 | 21.3 | 1.9 | 0.56% | 2.93% |
| VZ | Verizon Communications Inc. | 3.49% | 11.7 | 8.7 | 1.3 | 6.32% | 6.47% |
| KO | The Coca-Cola Company | 3.32% | 28.2 | 25.3 | 8.1 | 2.26% | 2.55% |
| SCHW | The Charles Schwab Corporation | 3.32% | 15.7 | 12.9 | 5.9 | 1.39% | 4.56% |
| WMT | Walmart Inc. | 3.31% | 43.0 | 38.0 | 1.3 | 0.83% | 1.66% |
| JPM | JPMorgan Chase & Co. | 3.30% | 14.2 | 13.5 | 4.7 | 1.94% | 5.01% |
| T | AT&T Inc. | 3.29% | 7.7 | 9.9 | 1.3 | 4.74% | 9.19% |
| TMUS | T-Mobile US, Inc. | 3.27% | 16.6 | 11.7 | 1.9 | 2.94% | 4.26% |
| BAC | Bank of America Corporation | 3.22% | 12.2 | 10.8 | 3.1 | 2.50% | 5.69% |
| COST | Costco Wholesale Corporation | 3.21% | 47.6 | 40.3 | 1.4 | 0.59% | 1.46% |
| HD | The Home Depot, Inc. | 3.12% | 21.5 | 19.8 | 1.8 | 3.01% | 3.13% |
| TM | Toyota Motor Corporation | 3.10% | 8.6 | 10.9 | 0.0 | 3.22% | 7.83% |
| PVH | PVH Corp. | 3.09% | — | 6.3 | 0.4 | 0.18% | −2.73% |
| ULTA | Ulta Beauty, Inc. | 3.09% | 21.6 | 19.6 | 2.0 | — | 3.09% |
| YUM | Yum! Brands, Inc. | 3.02% | 19.0 | 20.4 | 4.7 | 1.99% | 3.44% |
| HLT | Hilton Worldwide Holdings Inc. | 3.01% | 50.6 | 28.7 | 15.2 | 0.17% | 1.29% |
| TXRH | Texas Roadhouse, Inc. | 2.97% | 26.9 | 21.0 | 1.8 | 1.78% | 2.38% |
| NFLX | Netflix, Inc. | 2.96% | 22.2 | 18.7 | 6.1 | — | 2.89% |
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 ACSI valuation
Adding up its 29 holdings with company data, ACSI trades at 20.8 times trailing earnings and 16.6 times analysts' forward estimates, with a price-to-book ratio of 3.29 and a dividend yield of 1.50%. Its earnings yield of 4.81% is 0.51 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 42.7% of the fund and earn 39.3% of its combined profit. By sector, Healthcare is the most expensive at 39.1 times earnings and Financial Services the cheapest at 13.9. Companies that lost money over the past year are 3.2% 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 96.1% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: ACSI chart, ACSI performance, ACSI holdings, ACSI dividends.
ACSI valuation FAQ
What is the P/E ratio of ACSI?
Based on its holdings, ACSI has a trailing P/E of 20.8 and a forward P/E of 16.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of ACSI?
The trailing earnings yield is 4.81% (1 ÷ P/E) and the forward earnings yield 6.02%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is ACSI more expensive than the S&P 500?
ACSI trades at 20.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 16.6 and 19.9.
What is the price-to-book ratio of ACSI?
The holdings of ACSI trade at 3.29 times book value, with a combined return on equity of 15.8%.
Which sector in ACSI has the highest P/E?
Healthcare has the highest P/E at 39.1 and Financial Services the lowest at 13.9.