Pacer US Cash Cows 100 ETF (COWZ) Valuation
COWZ valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 18.1 trailing earnings
- Forward P/E
- 12.1 analyst estimates
- Price / sales
- 1.27
- Price / book
- 3.13
- EV / EBITDA
- 10.2
- Earnings yield
- 5.53% inverse of P/E
- Dividend yield
- 2.24% of the holdings
- Return on equity
- 17.3% combined
- Net margin
- 7.0% combined
- Beta
- 0.76 weighted, vs S&P 500
COWZ valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| COWZ | 18.1 | 12.1 | 1.27 | 3.13 | 2.24% | 17.3% | 7.0% | 4.0% |
| 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.
COWZ valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 23.9% | 18.1 | 12.9 | 2.63 | 3.74 | 1.41% | 20.7% |
| Energy | 20.2% | 17.3 | 10.3 | 1.49 | 2.32 | 1.89% | 13.4% |
| Healthcare | 15.1% | 27.2 | 12.4 | 0.59 | 3.35 | 2.33% | 12.3% |
| Industrials | 11.8% | 16.7 | 15.9 | 1.34 | 4.29 | 2.07% | 25.7% |
| Consumer Cyclical | 9.7% | 17.3 | 13.5 | 1.77 | 7.00 | 1.48% | 40.5% |
| Consumer Defensive | 8.2% | 32.2 | 13.3 | 1.02 | 3.69 | 4.03% | 11.4% |
| Communication Services | 7.6% | 10.3 | 8.4 | 1.09 | 1.57 | 4.94% | 15.2% |
| Basic Materials | 4.1% | 15.5 | 11.9 | 2.47 | 3.09 | 2.24% | 19.9% |
COWZ 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 COWZ weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
COWZ largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| ACN | Accenture plc | 2.65% | 16.9 | 12.4 | 1.9 | 2.98% | 2.82% |
| MPC | Marathon Petroleum Corporation | 2.41% | 16.6 | 5.5 | 0.9 | 0.84% | 2.63% |
| VLO | Valero Energy Corporation | 2.31% | 18.5 | 10.2 | 1.0 | 1.08% | 2.25% |
| MO | Altria Group, Inc. | 2.23% | 15.8 | 11.9 | 6.1 | 5.91% | 2.55% |
| CVX | Chevron Corporation | 2.23% | 21.2 | 15.2 | 2.1 | 3.16% | 1.90% |
| LMT | Lockheed Martin Corporation | 2.23% | 20.3 | 16.2 | 1.7 | 2.61% | 1.97% |
| IBM | International Business Machines Corporation | 2.12% | 20.6 | 17.4 | 3.2 | 2.91% | 1.86% |
| QCOM | QUALCOMM Incorporated | 2.11% | 19.9 | 19.6 | 4.2 | 2.14% | 1.91% |
| COP | ConocoPhillips | 2.09% | 19.4 | 12.7 | 2.7 | 2.29% | 1.94% |
| ADBE | Adobe Inc. | 2.07% | 13.7 | 8.7 | 3.7 | — | 2.72% |
| PFE | Pfizer Inc. | 2.06% | 38.9 | 9.7 | 2.6 | 5.81% | 0.95% |
| GILD | Gilead Sciences, Inc. | 2.01% | — | 15.6 | 6.4 | 2.10% | −0.61% |
| CRM | Salesforce, Inc. | 2.00% | 22.0 | 14.0 | 4.5 | 0.73% | 1.64% |
| CVS | CVS Health Corporation | 1.94% | 24.3 | 10.7 | 0.3 | 2.88% | 1.44% |
| BMY | Bristol-Myers Squibb Company | 1.91% | 13.2 | 9.4 | 2.5 | 4.22% | 2.62% |
| UBER | Uber Technologies, Inc. | 1.85% | 15.4 | 15.9 | 2.6 | — | 2.17% |
| INTU | Intuit Inc. | 1.85% | 19.8 | 12.7 | 4.1 | 1.70% | 1.69% |
| VZ | Verizon Communications Inc. | 1.83% | 11.7 | 8.7 | 1.3 | 6.32% | 2.82% |
| GEV | GE Vernova Inc. | 1.79% | 26.4 | 38.8 | 5.9 | 0.22% | 1.22% |
| NEM | Newmont Corporation | 1.79% | 15.0 | 11.6 | 4.8 | 0.88% | 2.16% |
| T | AT&T Inc. | 1.78% | 7.7 | 9.9 | 1.3 | 4.74% | 4.16% |
| TMUS | T-Mobile US, Inc. | 1.75% | 16.6 | 11.7 | 1.9 | 2.94% | 1.90% |
| CMCSA | Comcast Corporation | 1.73% | 7.1 | 5.9 | 0.6 | 6.03% | 4.41% |
| EOG | EOG Resources, Inc. | 1.72% | 12.3 | 10.1 | 3.1 | 2.58% | 2.52% |
| BKNG | Booking Holdings Inc. | 1.69% | 18.1 | 13.3 | 4.3 | 1.03% | 1.68% |
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 COWZ valuation
Adding up its 99 holdings with company data, COWZ trades at 18.1 times trailing earnings and 12.1 times analysts' forward estimates, with a price-to-book ratio of 3.13 and a dividend yield of 2.24%. Its earnings yield of 5.53% is 0.20 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 22.5% of the fund and earn 22.5% of its combined profit. By sector, Consumer Defensive is the most expensive at 32.2 times earnings and Communication Services the cheapest at 10.3. Companies that lost money over the past year are 4.0% 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 99.7% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: COWZ chart, COWZ performance, COWZ holdings, COWZ dividends.
COWZ valuation FAQ
What is the P/E ratio of COWZ?
Based on its holdings, COWZ has a trailing P/E of 18.1 and a forward P/E of 12.1 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of COWZ?
The trailing earnings yield is 5.53% (1 ÷ P/E) and the forward earnings yield 8.30%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is COWZ more expensive than the S&P 500?
COWZ trades at 18.1 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 12.1 and 19.9.
What is the price-to-book ratio of COWZ?
The holdings of COWZ trade at 3.13 times book value, with a combined return on equity of 17.3%.
Which sector in COWZ has the highest P/E?
Consumer Defensive has the highest P/E at 32.2 and Communication Services the lowest at 10.3.