iShares Infrastructure Active ETF (BILT) Valuation
BILT valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 21.6 trailing earnings
- Forward P/E
- 17.3 analyst estimates
- Price / sales
- 0.02
- Price / book
- 2.40
- EV / EBITDA
- 11.7
- Earnings yield
- 4.64% inverse of P/E
- Dividend yield
- 2.76% of the holdings
- Return on equity
- 11.1% combined
- Net margin
- 0.1% combined
- Beta
- 0.63 weighted, vs S&P 500
BILT valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| BILT | 21.6 | 17.3 | 0.02 | 2.40 | 2.76% | 11.1% | 0.1% | 0.6% |
| 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.
BILT valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Utilities | 46.2% | 19.3 | 15.6 | 0.01 | 1.78 | 3.06% | 9.2% |
| Energy | 15.0% | 28.8 | 23.4 | 4.94 | 6.30 | 1.94% | 21.9% |
| Real Estate | 3.0% | 27.9 | 20.6 | 7.90 | 12.17 | 4.42% | 43.6% |
| Technology | 0.4% | n/m | 144.9 | 1.75 | 2.19 | 0.00% | −0.8% |
BILT 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 BILT weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
BILT largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AENA | Aena SA | 5.54% | — | — | — | — | — |
| UNP | Union Pacific Corporation | 5.53% | 23.4 | 19.3 | 6.8 | 1.97% | 8.61% |
| AEP | American Electric Power Company, Inc. | 4.72% | 22.0 | 17.2 | 3.0 | 2.99% | 7.81% |
| TRP | TC Energy Corp | 4.62% | — | — | — | — | — |
| XEL | Xcel Energy Inc. | 4.06% | 20.9 | 16.0 | 3.3 | 3.11% | 7.08% |
| PPL | PPL Corporation | 3.91% | 20.8 | 15.4 | 2.8 | 3.24% | 6.84% |
| ETR | Entergy Corporation | 3.52% | 26.9 | 19.6 | 3.7 | 2.44% | 4.77% |
| CP | Canadian Pacific Railway Ltd | 3.38% | — | — | — | — | — |
| TCL | Transurban Group | 3.12% | — | — | — | — | — |
| WMB | The Williams Companies, Inc. | 3.10% | 28.4 | 26.8 | 7.1 | 2.95% | 3.98% |
| EVRG | Evergy, Inc. | 3.07% | 21.2 | 19.5 | 3.2 | 3.34% | 5.28% |
| NEE | NextEra Energy, Inc. | 2.46% | 17.9 | 17.7 | 5.8 | 3.12% | 4.99% |
| SRE | Sempra | 2.31% | 24.1 | 14.5 | 4.0 | 3.15% | 3.50% |
| NI | NiSource Inc. | 2.27% | 22.7 | 17.4 | 3.0 | 2.81% | 3.65% |
| CCI | Crown Castle Inc. | 2.12% | 33.4 | 21.2 | 8.4 | 5.17% | 2.31% |
| PCG | PG&E Corporation | 2.02% | 9.5 | 6.9 | 1.5 | 1.53% | 7.78% |
| TRGP | Targa Resources Corp. | 2.01% | 28.2 | 23.2 | 3.8 | 1.70% | 2.59% |
| LNG | Cheniere Energy, Inc. | 1.99% | 21.9 | 13.5 | 2.9 | 0.77% | 3.31% |
| LNT | Alliant Energy Corporation | 1.94% | 21.6 | 17.5 | 4.0 | 3.13% | 3.26% |
| SR | Spire Inc. | 1.66% | 23.8 | 14.9 | 1.8 | 4.02% | 2.54% |
| D | Dominion Energy, Inc. | 1.57% | 22.0 | 15.9 | 3.1 | 4.20% | 2.60% |
| SWX | Southwest Gas Holdings, Inc. | 1.46% | 21.9 | 17.4 | 3.6 | 2.95% | 2.43% |
| SSE | SSE PLC | 1.44% | — | — | — | — | — |
| 9532 | Osaka Gas Co. Ltd. | 1.40% | — | — | — | — | — |
| CSX | CSX Corporation | 1.35% | 28.3 | 21.2 | 6.2 | 1.15% | 1.74% |
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 BILT valuation
Adding up its 30 holdings with company data, BILT trades at 21.6 times trailing earnings and 17.3 times analysts' forward estimates, with a price-to-book ratio of 2.40 and a dividend yield of 2.76%. Its earnings yield of 4.64% is 0.69 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 41.5% of the fund and earn 56.5% of its combined profit. By sector, Energy is the most expensive at 28.8 times earnings and Utilities the cheapest at 19.3. Companies that lost money over the past year are 0.6% 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 61.3% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: BILT chart, BILT performance, BILT holdings, BILT dividends.
BILT valuation FAQ
What is the P/E ratio of BILT?
Based on its holdings, BILT has a trailing P/E of 21.6 and a forward P/E of 17.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of BILT?
The trailing earnings yield is 4.64% (1 ÷ P/E) and the forward earnings yield 5.77%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is BILT more expensive than the S&P 500?
BILT trades at 21.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 17.3 and 19.9.
What is the price-to-book ratio of BILT?
The holdings of BILT trade at 2.40 times book value, with a combined return on equity of 11.1%.
Which sector in BILT has the highest P/E?
Energy has the highest P/E at 28.8 and Utilities the lowest at 19.3.