Pacer US Cash Cows Growth ETF (BUL) Valuation
BUL valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 18.4 trailing earnings
- Forward P/E
- 13.9 analyst estimates
- Price / sales
- 2.60
- Price / book
- 6.23
- EV / EBITDA
- 12.2
- Earnings yield
- 5.43% inverse of P/E
- Dividend yield
- 0.55% of the holdings
- Return on equity
- 33.8% combined
- Net margin
- 14.1% combined
- Beta
- 1.09 weighted, vs S&P 500
BUL valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| BUL | 18.4 | 13.9 | 2.60 | 6.23 | 0.55% | 33.8% | 14.1% | 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.
BUL valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Consumer Cyclical | 29.5% | 16.8 | 12.7 | 2.03 | 8.00 | 1.16% | 47.7% |
| Healthcare | 24.7% | 17.4 | 14.3 | 2.33 | 5.87 | 0.15% | 33.7% |
| Technology | 19.9% | 19.7 | 12.8 | 3.02 | 5.30 | 0.06% | 26.9% |
| Basic Materials | 7.2% | 14.9 | 11.5 | 4.51 | 3.24 | 0.81% | 21.7% |
| Industrials | 6.1% | 24.1 | 28.6 | 3.64 | 9.67 | 0.38% | 40.1% |
| Communication Services | 5.6% | 21.8 | 16.4 | 8.30 | 14.85 | 0.31% | 68.1% |
| Energy | 4.1% | 24.4 | 18.2 | 3.15 | 7.31 | 1.34% | 29.9% |
| Consumer Defensive | 3.5% | 29.5 | 16.8 | 2.10 | 5.00 | 0.22% | 16.9% |
BUL 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 BUL weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
BUL largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| HCA | HCA Healthcare, Inc. | 5.54% | 15.4 | 13.9 | 1.3 | 0.68% | 6.59% |
| BKNG | Booking Holdings Inc. | 4.98% | 18.1 | 13.3 | 4.3 | 1.03% | 5.03% |
| NEM | Newmont Corporation | 4.72% | 15.0 | 11.6 | 4.8 | 0.88% | 5.77% |
| UBER | Uber Technologies, Inc. | 4.72% | 15.4 | 15.9 | 2.6 | — | 5.60% |
| CCL | Carnival Corporation & plc | 4.40% | 11.4 | 8.4 | 1.3 | 1.74% | 7.05% |
| GEV | GE Vernova Inc. | 4.33% | 26.4 | 38.8 | 5.9 | 0.22% | 3.00% |
| APP | AppLovin Corporation | 4.29% | 20.5 | 15.4 | 13.1 | — | 3.84% |
| EXPE | Expedia Group, Inc. | 4.21% | 18.0 | 11.3 | 2.2 | 0.66% | 4.27% |
| SNDK | Sandisk Corporation | 3.91% | 17.6 | 8.0 | 9.3 | — | 4.07% |
| FTI | TechnipFMC plc | 3.05% | 24.3 | 21.3 | 2.6 | 0.29% | 2.30% |
| ULTA | Ulta Beauty, Inc. | 3.04% | 21.6 | 19.6 | 2.0 | — | 2.57% |
| UTHR | United Therapeutics Corporation | 2.89% | 19.1 | 16.4 | 7.2 | — | 2.77% |
| INCY | Incyte Corporation | 2.76% | 14.4 | 14.7 | 3.9 | — | 3.51% |
| LVS | Las Vegas Sands Corp. | 2.68% | 14.8 | 11.2 | 1.8 | 3.16% | 3.31% |
| TPR | Tapestry, Inc. | 2.67% | 16.5 | 14.2 | 3.0 | 1.54% | 2.96% |
| RL | Ralph Lauren Corporation | 2.65% | 24.3 | 18.4 | 2.7 | 1.04% | 2.00% |
| THC | Tenet Healthcare Corporation | 2.39% | 10.5 | 12.5 | 1.0 | — | 4.16% |
| DT | Dynatrace, Inc. | 2.19% | 122.2 | 29.6 | 8.5 | — | 0.33% |
| FSLR | First Solar, Inc. | 2.09% | 10.6 | 8.3 | 3.4 | — | 3.60% |
| MEDP | Medpace Holdings, Inc. | 2.06% | 36.3 | 31.9 | 6.2 | — | 1.04% |
| EXEL | Exelixis, Inc. | 1.87% | 19.6 | 13.6 | 6.3 | — | 1.75% |
| COKE | Coca-Cola Consolidated, Inc. | 1.63% | 27.9 | 17.4 | 1.8 | 0.48% | 1.07% |
| JAZZ | Jazz Pharmaceuticals plc | 1.60% | 14.4 | 10.9 | 3.0 | — | 2.04% |
| NBIX | Neurocrine Biosciences, Inc. | 1.59% | 19.9 | 14.1 | 4.1 | — | 1.47% |
| CACI | CACI International Inc | 1.59% | 25.4 | 17.8 | 1.4 | — | 1.15% |
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 BUL valuation
Adding up its 50 holdings with company data, BUL trades at 18.4 times trailing earnings and 13.9 times analysts' forward estimates, with a price-to-book ratio of 6.23 and a dividend yield of 0.55%. Its earnings yield of 5.43% is 0.11 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 44.1% of the fund and earn 47.5% of its combined profit. By sector, Consumer Defensive is the most expensive at 29.5 times earnings and Basic Materials the cheapest at 14.9. 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 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: BUL chart, BUL performance, BUL holdings, BUL dividends.
BUL valuation FAQ
What is the P/E ratio of BUL?
Based on its holdings, BUL has a trailing P/E of 18.4 and a forward P/E of 13.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of BUL?
The trailing earnings yield is 5.43% (1 ÷ P/E) and the forward earnings yield 7.17%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is BUL more expensive than the S&P 500?
BUL trades at 18.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 13.9 and 19.9.
What is the price-to-book ratio of BUL?
The holdings of BUL trade at 6.23 times book value, with a combined return on equity of 33.8%.
Which sector in BUL has the highest P/E?
Consumer Defensive has the highest P/E at 29.5 and Basic Materials the lowest at 14.9.