InfraCap MLP ETF (AMZA) Valuation
AMZA valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 16.0 trailing earnings
- Forward P/E
- 14.3 analyst estimates
- Price / sales
- 0.81
- Price / book
- 3.09
- EV / EBITDA
- 10.1
- Earnings yield
- 6.24% inverse of P/E
- Dividend yield
- 6.04% of the holdings
- Return on equity
- 19.3% combined
- Net margin
- 5.0% combined
- Beta
- 0.51 weighted, vs S&P 500
AMZA valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| AMZA | 16.0 | 14.3 | 0.81 | 3.09 | 6.04% | 19.3% | 5.0% | 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.
AMZA valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Energy | 91.5% | 16.1 | 14.3 | 0.81 | 3.10 | 6.04% | 19.3% |
| Utilities | 0.2% | 9.1 | 16.6 | 0.84 | 1.57 | 7.44% | 17.4% |
AMZA 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 AMZA weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
AMZA largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| SUN | Sunoco LP | 13.03% | 16.2 | 38.2 | 0.3 | 5.47% | 14.23% |
| PAA | Plains All American Pipeline, L.P. | 12.31% | 21.8 | 13.1 | 0.3 | 6.61% | 9.99% |
| EPD | Enterprise Products Partners L.P. | 11.26% | 12.8 | 11.9 | 1.4 | 6.08% | 15.55% |
| MPLX | MPLX LP | 11.23% | 12.5 | 12.2 | 4.9 | 7.40% | 15.86% |
| WES | Western Midstream Partners, LP | 11.01% | 14.1 | 11.3 | 4.3 | 8.34% | 13.78% |
| LNG | Cheniere Energy, Inc. | 5.59% | 21.9 | 13.5 | 2.9 | 0.77% | 4.51% |
| WMB | The Williams Companies, Inc. | 4.16% | 28.4 | 26.8 | 7.1 | 2.95% | 2.59% |
| HESM | Hess Midstream LP | 4.14% | 10.6 | 9.9 | 3.9 | 10.07% | 6.91% |
| KMI | Kinder Morgan, Inc. | 3.35% | 22.1 | 20.0 | 4.2 | 3.45% | 2.68% |
| CQP | Cheniere Energy Partners, L.P. | 3.21% | 12.0 | 16.3 | 2.7 | 5.14% | 4.73% |
| DKL | Delek Logistics Partners, LP | 2.83% | 19.9 | 10.3 | 2.8 | 7.86% | 2.52% |
| USAC | USA Compression Partners, LP | 2.24% | 24.1 | 16.9 | 3.1 | 8.23% | 1.65% |
| TRGP | Targa Resources Corp. | 2.11% | 28.2 | 23.2 | 3.8 | 1.70% | 1.32% |
| GEL | Genesis Energy, L.P. | 1.97% | 71.2 | 10.1 | 0.9 | 5.62% | 0.49% |
| GLP | Global Partners LP | 1.15% | 10.1 | 14.2 | 0.1 | 6.28% | 2.01% |
| TRP | TC Energy Corp | 0.90% | — | — | — | — | — |
| ET-P-I | ET-P-I | 0.55% | — | — | — | — | — |
| KNTK | Kinetik Holdings Inc. | 0.28% | 19.3 | 21.4 | 5.0 | 5.86% | 0.26% |
| WBI | WaterBridge Infrastructure LLC | 0.27% | 356.1 | — | 4.7 | 0.70% | 0.01% |
| PSX | Phillips 66 | 0.21% | 16.8 | 9.7 | 0.8 | 1.81% | 0.22% |
| SPH | Suburban Propane Partners, L.P. | 0.17% | 9.1 | 16.6 | 0.8 | 7.44% | 0.33% |
| VG | Venture Global, Inc. | 0.10% | 10.0 | 14.4 | 1.9 | 1.26% | 0.17% |
| MPC | Marathon Petroleum Corporation | 0.09% | 16.6 | 5.5 | 0.9 | 0.84% | 0.10% |
| DINO | HF Sinclair Corporation | 0.05% | 11.9 | 10.0 | 0.7 | 1.68% | 0.07% |
| US50012A1088 | KODIAK GAS SERVICES INC | 0.04% | — | — | — | — | — |
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 AMZA valuation
Adding up its 23 holdings with company data, AMZA trades at 16.0 times trailing earnings and 14.3 times analysts' forward estimates, with a price-to-book ratio of 3.09 and a dividend yield of 6.04%. Its earnings yield of 6.24% is 0.91 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 79.3% of the fund and earn 90.8% of its combined profit. By sector, Energy is the most expensive at 16.1 times earnings and Utilities the cheapest at 9.1. 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 98.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: AMZA chart, AMZA performance, AMZA holdings, AMZA dividends.
AMZA valuation FAQ
What is the P/E ratio of AMZA?
Based on its holdings, AMZA has a trailing P/E of 16.0 and a forward P/E of 14.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of AMZA?
The trailing earnings yield is 6.24% (1 ÷ P/E) and the forward earnings yield 6.99%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is AMZA more expensive than the S&P 500?
AMZA trades at 16.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 14.3 and 19.9.
What is the price-to-book ratio of AMZA?
The holdings of AMZA trade at 3.09 times book value, with a combined return on equity of 19.3%.
Which sector in AMZA has the highest P/E?
Energy has the highest P/E at 16.1 and Utilities the lowest at 9.1.