EA Series Trust Bastion Energy ETF (BESF) Valuation
BESF valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 14.2 trailing earnings
- Forward P/E
- 10.2 analyst estimates
- Price / sales
- 2.39
- Price / book
- 1.83
- EV / EBITDA
- 7.1
- Earnings yield
- 7.02% inverse of P/E
- Dividend yield
- 2.80% of the holdings
- Return on equity
- 12.9% combined
- Net margin
- 16.8% combined
- Beta
- 0.58 weighted, vs S&P 500
BESF valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| BESF | 14.2 | 10.2 | 2.39 | 1.83 | 2.80% | 12.9% | 16.8% | 3.0% |
| 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.
BESF valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Energy | 72.0% | 14.2 | 10.2 | 2.39 | 1.83 | 2.80% | 12.9% |
BESF 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 BESF weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
BESF largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| FGXXX | First American Funds Inc. - Government Obligations Fund | 9.45% | — | — | — | — | — |
| LNG | Cheniere Energy, Inc. | 7.34% | 21.9 | 13.5 | 2.9 | 0.77% | 7.32% |
| NEXT | NextDecade Corporation | 6.74% | — | — | — | — | — |
| EPD | Enterprise Products Partners L.P. | 5.21% | 12.8 | 11.9 | 1.4 | 6.08% | 8.91% |
| WMB | The Williams Companies, Inc. | 5.01% | 28.4 | 26.8 | 7.1 | 2.95% | 3.85% |
| REPX | Riley Exploration Permian, Inc. | 5.00% | 8.7 | 5.4 | 2.2 | 3.29% | 12.61% |
| VG | Venture Global, Inc. | 4.84% | 10.0 | 14.4 | 1.9 | 1.26% | 10.55% |
| EQT | EQT Corporation | 4.75% | 12.6 | 14.1 | 3.7 | 1.25% | 8.24% |
| AR | Antero Resources Corporation | 4.69% | 11.1 | 9.0 | 2.1 | — | 9.21% |
| KNTK | Kinetik Holdings Inc. | 4.60% | 19.3 | 21.4 | 5.0 | 5.86% | 5.19% |
| EXE | Expand Energy Corporation | 4.51% | 8.1 | 9.6 | 1.8 | 2.46% | 12.23% |
| FANG | Diamondback Energy, Inc. | 4.37% | 38.8 | 10.0 | 3.5 | 2.16% | 2.45% |
| OVV | Ovintiv Inc. | 4.36% | 19.3 | 9.0 | 2.0 | 1.73% | 4.93% |
| WES | Western Midstream Partners, LP | 4.34% | 14.1 | 11.3 | 4.3 | 8.34% | 6.71% |
| DVN | Devon Energy Corporation | 4.25% | 11.1 | 9.3 | 3.0 | 2.52% | 8.41% |
| NEP | Nextera Energy Partners LP | 3.47% | — | — | — | — | — |
| PUMP | ProPetro Holding Corp. | 1.95% | — | 3.1 | 0.8 | — | −0.61% |
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 BESF valuation
Adding up its 14 holdings with company data, BESF trades at 14.2 times trailing earnings and 10.2 times analysts' forward estimates, with a price-to-book ratio of 1.83 and a dividend yield of 2.80%. Its earnings yield of 7.02% is 1.69 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 57.6% of the fund and earn 80.6% of its combined profit. Companies that lost money over the past year are 3.0% 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 76.8% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: BESF chart, BESF performance, BESF holdings, BESF dividends.
BESF valuation FAQ
What is the P/E ratio of BESF?
Based on its holdings, BESF has a trailing P/E of 14.2 and a forward P/E of 10.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of BESF?
The trailing earnings yield is 7.02% (1 ÷ P/E) and the forward earnings yield 9.77%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is BESF more expensive than the S&P 500?
BESF trades at 14.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 10.2 and 19.9.
What is the price-to-book ratio of BESF?
The holdings of BESF trade at 1.83 times book value, with a combined return on equity of 12.9%.