Pacer US Small Cap Cash Cows 100 ETF (CALF) Valuation
CALF valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 19.7 trailing earnings
- Forward P/E
- 9.9 analyst estimates
- Price / sales
- 0.90
- Price / book
- 1.79
- EV / EBITDA
- 7.4
- Earnings yield
- 5.07% inverse of P/E
- Dividend yield
- 1.74% of the holdings
- Return on equity
- 9.1% combined
- Net margin
- 4.6% combined
- Beta
- 0.95 weighted, vs S&P 500
CALF valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| CALF | 19.7 | 9.9 | 0.90 | 1.79 | 1.74% | 9.1% | 4.6% | 8.4% |
| 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.
CALF valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Consumer Cyclical | 23.9% | 13.5 | 9.2 | 0.57 | 1.80 | 1.52% | 13.3% |
| Technology | 23.0% | 24.6 | 9.4 | 0.99 | 2.13 | 1.02% | 8.6% |
| Energy | 12.8% | 15.7 | 10.0 | 1.20 | 1.36 | 1.85% | 8.7% |
| Industrials | 10.0% | 18.4 | 12.6 | 1.12 | 3.09 | 1.82% | 16.8% |
| Healthcare | 9.6% | 13.7 | 12.0 | 1.35 | 2.99 | 0.01% | 21.8% |
| Communication Services | 8.6% | 26.0 | 8.6 | 1.22 | 1.41 | 2.32% | 5.4% |
| Consumer Defensive | 7.5% | n/m | 9.8 | 0.79 | 1.10 | 3.91% | −5.6% |
| Basic Materials | 2.5% | 15.2 | 11.7 | 1.56 | 2.30 | 1.70% | 15.2% |
| Real Estate | 1.9% | 10.2 | 8.5 | 2.05 | 0.99 | 9.63% | 9.7% |
CALF 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 CALF weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
CALF largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| CTSH | Cognizant Technology Solutions Corporation | 2.47% | 14.2 | 9.4 | 1.4 | 2.00% | 3.47% |
| DINO | HF Sinclair Corporation | 2.19% | 11.9 | 10.0 | 0.7 | 1.68% | 3.67% |
| SUNB | Sunbelt Rentals Holdings, Inc. | 2.09% | 23.0 | 18.1 | 2.7 | 1.38% | 1.82% |
| OMC | Omnicom Group Inc. | 2.08% | 212.0 | 7.4 | 1.0 | 3.97% | 0.20% |
| EXPE | Expedia Group, Inc. | 2.06% | 18.0 | 11.3 | 2.2 | 0.66% | 2.28% |
| OVV | Ovintiv Inc. | 2.05% | 19.3 | 9.0 | 2.0 | 1.73% | 2.12% |
| THC | Tenet Healthcare Corporation | 2.04% | 10.5 | 12.5 | 1.0 | — | 3.86% |
| KHC | The Kraft Heinz Company | 1.92% | — | 11.1 | 1.1 | 6.76% | −4.64% |
| APTV | Aptiv PLC | 1.89% | 44.4 | 6.4 | 0.5 | — | 0.85% |
| LDOS | Leidos Holdings, Inc. | 1.85% | 11.7 | 9.6 | 0.9 | 1.38% | 3.17% |
| APA | APA Corporation | 1.84% | 10.4 | 9.4 | 2.0 | 2.03% | 3.54% |
| EXE | Expand Energy Corporation | 1.83% | 8.1 | 9.6 | 1.8 | 2.46% | 4.53% |
| HPQ | HP Inc. | 1.79% | 11.5 | 9.9 | 0.5 | 4.00% | 3.12% |
| GDDY | GoDaddy Inc. | 1.58% | 15.8 | 8.7 | 2.6 | — | 2.00% |
| ZM | Zoom Video Communications, Inc. | 1.52% | 8.7 | 15.1 | 5.5 | — | 3.48% |
| BBY | Best Buy Co., Inc. | 1.51% | 15.4 | 13.6 | 0.5 | 4.15% | 1.96% |
| INCY | Incyte Corporation | 1.42% | 14.4 | 14.7 | 3.9 | — | 1.97% |
| SJM | The J. M. Smucker Company | 1.38% | 59.5 | 12.0 | 1.5 | 3.52% | 0.46% |
| CF | CF Industries Holdings, Inc. | 1.35% | 9.0 | 12.2 | 2.4 | 1.99% | 3.01% |
| IT | Gartner, Inc. | 1.31% | 18.6 | 11.3 | 2.0 | — | 1.41% |
| PINS | Pinterest, Inc | 1.27% | 64.4 | 8.0 | 2.7 | — | 0.39% |
| DOCU | DocuSign, Inc. | 1.27% | 45.5 | 15.1 | 4.2 | — | 0.56% |
| TAP | Molson Coors Beverage Company | 1.16% | — | 6.8 | 0.7 | 4.86% | −6.39% |
| SIRI | Sirius XM Holdings Inc | 1.13% | 10.8 | 8.1 | 1.1 | 4.00% | 2.10% |
| LULU | Lululemon Athletica Inc. | 1.11% | 8.0 | 10.7 | 1.0 | — | 2.78% |
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 CALF valuation
Adding up its 192 holdings with company data, CALF trades at 19.7 times trailing earnings and 9.9 times analysts' forward estimates, with a price-to-book ratio of 1.79 and a dividend yield of 1.74%. Its earnings yield of 5.07% is 0.25 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 20.6% of the fund and earn 16.8% of its combined profit. By sector, Communication Services is the most expensive at 26.0 times earnings and Real Estate the cheapest at 10.2. Companies that lost money over the past year are 8.4% 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 98.8% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: CALF chart, CALF performance, CALF holdings, CALF dividends.
CALF valuation FAQ
What is the P/E ratio of CALF?
Based on its holdings, CALF has a trailing P/E of 19.7 and a forward P/E of 9.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of CALF?
The trailing earnings yield is 5.07% (1 ÷ P/E) and the forward earnings yield 10.12%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is CALF more expensive than the S&P 500?
CALF trades at 19.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 9.9 and 19.9.
What is the price-to-book ratio of CALF?
The holdings of CALF trade at 1.79 times book value, with a combined return on equity of 9.1%.
Which sector in CALF has the highest P/E?
Communication Services has the highest P/E at 26.0 and Real Estate the lowest at 10.2.