VanEck Energy Income ETF (EINC) Valuation
EINC valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 20.0 trailing earnings
- Forward P/E
- 16.3 analyst estimates
- Price / sales
- 1.49
- Price / book
- 3.68
- EV / EBITDA
- 11.2
- Earnings yield
- 5.01% inverse of P/E
- Dividend yield
- 4.06% of the holdings
- Return on equity
- 18.4% combined
- Net margin
- 7.5% combined
- Beta
- 0.57 weighted, vs S&P 500
EINC valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| EINC | 20.0 | 16.3 | 1.49 | 3.68 | 4.06% | 18.4% | 7.5% | 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.
EINC valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Energy | 88.7% | 20.0 | 16.3 | 1.49 | 3.68 | 4.06% | 18.4% |
EINC 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 EINC weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
EINC largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| WMB | The Williams Companies, Inc. | 8.09% | 28.4 | 26.8 | 7.1 | 2.95% | 9.68% |
| ENB | Enbridge Inc | 7.76% | — | — | — | — | — |
| LNG | Cheniere Energy, Inc. | 7.31% | 21.9 | 13.5 | 2.9 | 0.77% | 11.35% |
| TRP | TC Energy Corp | 6.87% | — | — | — | — | — |
| KMI | Kinder Morgan, Inc. | 6.75% | 22.1 | 20.0 | 4.2 | 3.45% | 10.40% |
| TRGP | Targa Resources Corp. | 5.30% | 28.2 | 23.2 | 3.8 | 1.70% | 6.39% |
| ALA | AltaGas Ltd | 4.84% | — | — | — | — | — |
| PPL | Pembina Pipeline Corp | 4.77% | — | — | — | — | — |
| MPLX | MPLX LP | 4.68% | 12.5 | 12.2 | 4.9 | 7.40% | 12.72% |
| KEY | Keyera Corp. | 4.22% | — | — | — | — | — |
| EPD | Enterprise Products Partners L.P. | 4.21% | 12.8 | 11.9 | 1.4 | 6.08% | 11.19% |
| DTM | DT Midstream, Inc. | 3.99% | 27.1 | 22.1 | 9.6 | 2.85% | 5.01% |
| PAA | Plains All American Pipeline, L.P. | 2.80% | 21.8 | 13.1 | 0.3 | 6.61% | 4.38% |
| WES | Western Midstream Partners, LP | 2.65% | 14.1 | 11.3 | 4.3 | 8.34% | 6.38% |
| SOBO | South Bow Corporation | 2.48% | 15.8 | 17.5 | 3.6 | 5.77% | 5.34% |
| AM | Antero Midstream Corporation | 2.40% | 24.9 | 12.9 | 7.5 | 4.36% | 3.28% |
| GEI | Gibson Energy Inc. | 1.51% | — | — | — | — | — |
| PAGP | Plains GP Holdings, L.P. | 1.49% | 62.4 | 12.1 | 0.1 | 6.08% | 0.81% |
| AROC | Archrock, Inc. | 1.46% | 15.9 | 14.3 | 3.4 | 3.11% | 3.13% |
| SUN | Sunoco LP | 1.45% | 16.2 | 38.2 | 0.3 | 5.47% | 3.05% |
| US50012A1088 | KODIAK GAS SERVICES INC | 1.45% | — | — | — | — | — |
| KNTK | Kinetik Holdings Inc. | 0.95% | 19.3 | 21.4 | 5.0 | 5.86% | 1.67% |
| VG | Venture Global, Inc. | 0.87% | 10.0 | 14.4 | 1.9 | 1.26% | 2.96% |
| CQP | Cheniere Energy Partners, L.P. | 0.68% | 12.0 | 16.3 | 2.7 | 5.14% | 1.94% |
| HESM | Hess Midstream LP | 0.57% | 10.6 | 9.9 | 3.9 | 10.07% | 1.82% |
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 EINC valuation
Adding up its 20 holdings with company data, EINC trades at 20.0 times trailing earnings and 16.3 times analysts' forward estimates, with a price-to-book ratio of 3.68 and a dividend yield of 4.06%. Its earnings yield of 5.01% is 0.32 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 60.6% of the fund and earn 82.8% of its combined profit. 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 65.1% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: EINC chart, EINC performance, EINC holdings, EINC dividends.
EINC valuation FAQ
What is the P/E ratio of EINC?
Based on its holdings, EINC has a trailing P/E of 20.0 and a forward P/E of 16.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of EINC?
The trailing earnings yield is 5.01% (1 ÷ P/E) and the forward earnings yield 6.14%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is EINC more expensive than the S&P 500?
EINC trades at 20.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 16.3 and 19.9.
What is the price-to-book ratio of EINC?
The holdings of EINC trade at 3.68 times book value, with a combined return on equity of 18.4%.