UBS AG London Branch ELKS 5 (AMUB) Valuation
AMUB valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 15.3 trailing earnings
- Forward P/E
- 12.2 analyst estimates
- Price / sales
- 0.94
- Price / book
- 2.99
- EV / EBITDA
- 9.6
- Earnings yield
- 6.52% inverse of P/E
- Dividend yield
- 6.81% of the holdings
- Return on equity
- 19.5% combined
- Net margin
- 6.1% combined
- Beta
- 0.55 weighted, vs S&P 500
AMUB valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| AMUB | 15.3 | 12.2 | 0.94 | 2.99 | 6.81% | 19.5% | 6.1% | 1.3% |
| 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.
AMUB valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Energy | 88.8% | 15.3 | 12.2 | 0.94 | 2.99 | 6.81% | 19.5% |
AMUB 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 AMUB weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
AMUB largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MPLX | MPLX LP | 10.24% | 12.5 | 12.2 | 4.9 | 7.40% | 22.74% |
| MMP | Magellan Midstream Partners LP | 9.89% | — | — | — | — | — |
| EPD | Enterprise Products Partners L.P. | 9.70% | 12.8 | 11.9 | 1.4 | 6.08% | 21.07% |
| PAA | Plains All American Pipeline, L.P. | 9.18% | 21.8 | 13.1 | 0.3 | 6.61% | 11.72% |
| ET | Energy Transfer LP | 8.70% | 13.9 | 12.0 | 0.6 | 6.71% | 17.42% |
| WES | Western Midstream Partners, LP | 8.36% | 14.1 | 11.3 | 4.3 | 8.34% | 16.45% |
| DCP | DCP Midstream LP | 5.25% | — | — | — | — | — |
| ENLC | EnLink Midstream LLC | 4.67% | — | — | — | — | — |
| CQP | Cheniere Energy Partners, L.P. | 3.82% | 12.0 | 16.3 | 2.7 | 5.14% | 8.86% |
| CEQP | Crestwood Equity Partners LP | 3.28% | — | — | — | — | — |
| NS | NuStar Energy LP | 3.03% | — | — | — | — | — |
| SHLX | Shell Midstream Partners LP | 3.03% | — | — | — | — | — |
| GEL | Genesis Energy, L.P. | 2.46% | 71.2 | 10.1 | 0.9 | 5.62% | 0.96% |
| HEP | Holly Energy Partners LP | 1.61% | — | — | — | — | — |
| HESM | Hess Midstream LP | 1.26% | 10.6 | 9.9 | 3.9 | 10.07% | 3.32% |
| RTLR | Rattler Midstream LP | 0.95% | — | — | — | — | — |
| PBFX | PBF Logistics LP | 0.80% | — | — | — | — | — |
| DKL | Delek Logistics Partners, LP | 0.78% | 19.9 | 10.3 | 2.8 | 7.86% | 1.09% |
| NGL | NGL Energy Partners LP | 0.51% | — | 46.1 | 0.6 | — | −2.58% |
| SMLP | Summit Midstream Partners LP | 0.43% | — | — | — | — | — |
| GPP | Green Plains Partners LP | 0.37% | — | — | — | — | — |
| BKEP | Blueknight Energy Partners LP LLC | 0.29% | — | — | — | — | — |
| MMLP | Martin Midstream Partners L.P. | 0.20% | — | 22.6 | 0.1 | 0.98% | −1.06% |
| USDP | USD Partners LP | 0.17% | — | — | — | — | — |
| SNMP | Evolve Transition Infrastructure LP Unit | 0.02% | — | — | — | — | — |
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 AMUB valuation
Adding up its 11 holdings with company data, AMUB trades at 15.3 times trailing earnings and 12.2 times analysts' forward estimates, with a price-to-book ratio of 2.99 and a dividend yield of 6.81%. Its earnings yield of 6.52% is 1.19 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 73.1% of the fund and earn 101.1% of its combined profit. Companies that lost money over the past year are 1.3% 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 62.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: AMUB chart, AMUB performance, AMUB holdings, AMUB dividends.
AMUB valuation FAQ
What is the P/E ratio of AMUB?
Based on its holdings, AMUB has a trailing P/E of 15.3 and a forward P/E of 12.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of AMUB?
The trailing earnings yield is 6.52% (1 ÷ P/E) and the forward earnings yield 8.19%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is AMUB more expensive than the S&P 500?
AMUB trades at 15.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 12.2 and 19.9.
What is the price-to-book ratio of AMUB?
The holdings of AMUB trade at 2.99 times book value, with a combined return on equity of 19.5%.