FT Energy Income Partners Enhanced Income ETF (EIPI) Valuation
EIPI valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 18.9 trailing earnings
- Forward P/E
- 14.2 analyst estimates
- Price / sales
- 1.16
- Price / book
- 2.33
- EV / EBITDA
- 9.6
- Earnings yield
- 5.29% inverse of P/E
- Dividend yield
- 3.65% of the holdings
- Return on equity
- 12.3% combined
- Net margin
- 6.1% combined
- Beta
- 0.54 weighted, vs S&P 500
EIPI valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| EIPI | 18.9 | 14.2 | 1.16 | 2.33 | 3.65% | 12.3% | 6.1% | 1.5% |
| 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.
EIPI valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Energy | 54.4% | 16.9 | 13.0 | 0.87 | 2.50 | 4.04% | 14.8% |
| Utilities | 28.8% | 20.5 | 16.2 | 2.86 | 1.97 | 3.30% | 9.6% |
| Industrials | 4.0% | 1,623.0 | 17.4 | 1.28 | 4.40 | 0.65% | 0.3% |
| Basic Materials | 0.4% | 12.7 | 11.4 | 0.59 | 2.97 | 9.07% | 23.4% |
EIPI 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 EIPI weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
EIPI largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| EPD | Enterprise Products Partners L.P. | 7.80% | 12.8 | 11.9 | 1.4 | 6.08% | 14.06% |
| MPLX | MPLX LP | 4.68% | 12.5 | 12.2 | 4.9 | 7.40% | 8.63% |
| KMI | Kinder Morgan, Inc. | 4.05% | 22.1 | 20.0 | 4.2 | 3.45% | 4.24% |
| XOM | Exxon Mobil Corporation | 3.65% | 23.0 | 14.8 | 2.0 | 2.30% | 3.66% |
| L3H | SHELL PLC WI ADR/2 | 3.07% | — | — | — | — | — |
| NFG | National Fuel Gas Company | 2.59% | 11.1 | 9.8 | 3.0 | 2.78% | 5.36% |
| DUK | Duke Energy Corporation | 2.50% | 18.3 | 15.9 | 2.9 | 3.57% | 3.15% |
| EOG | EOG Resources, Inc. | 2.44% | 12.3 | 10.1 | 3.1 | 2.58% | 4.58% |
| PAGP | Plains GP Holdings, L.P. | 2.06% | 62.4 | 12.1 | 0.1 | 6.08% | 0.76% |
| ETR | Entergy Corporation | 1.99% | 26.9 | 19.6 | 3.7 | 2.44% | 1.71% |
| WMB | The Williams Companies, Inc. | 1.91% | 28.4 | 26.8 | 7.1 | 2.95% | 1.55% |
| SO | The Southern Company | 1.83% | 22.0 | 17.0 | 3.5 | 3.33% | 1.92% |
| PEG | Public Service Enterprise Group Incorporated | 1.77% | 17.8 | 15.0 | 2.8 | 3.75% | 2.29% |
| SRE | Sempra | 1.73% | 24.1 | 14.5 | 4.0 | 3.15% | 1.65% |
| TRGP | Targa Resources Corp. | 1.61% | 28.2 | 23.2 | 3.8 | 1.70% | 1.31% |
| CNP | CenterPoint Energy, Inc. | 1.56% | 24.0 | 17.7 | 2.8 | 2.37% | 1.50% |
| RRC | Range Resources Corporation | 1.54% | 11.9 | 10.0 | 3.1 | 0.93% | 2.97% |
| SUNC | SunocoCorp LLC | 1.49% | 25.9 | — | 0.1 | 5.54% | 1.32% |
| LNG | Cheniere Energy, Inc. | 1.42% | 21.9 | 13.5 | 2.9 | 0.77% | 1.50% |
| CQP | Cheniere Energy Partners, L.P. | 1.40% | 12.0 | 16.3 | 2.7 | 5.14% | 2.69% |
| PAA | Plains All American Pipeline, L.P. | 1.37% | 21.8 | 13.1 | 0.3 | 6.61% | 1.45% |
| AEP | American Electric Power Company, Inc. | 1.31% | 22.0 | 17.2 | 3.0 | 2.99% | 1.37% |
| CNR | Core Natural Resources, Inc. | 1.30% | 45.6 | 8.9 | 1.1 | 0.44% | 0.66% |
| NEE | NextEra Energy, Inc. | 1.26% | 17.9 | 17.7 | 5.8 | 3.12% | 1.62% |
| OGS | ONE Gas, Inc. | 1.25% | 16.3 | 17.4 | 2.1 | 3.60% | 1.77% |
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 EIPI valuation
Adding up its 68 holdings with company data, EIPI trades at 18.9 times trailing earnings and 14.2 times analysts' forward estimates, with a price-to-book ratio of 2.33 and a dividend yield of 3.65%. Its earnings yield of 5.29% is 0.04 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 34.8% of the fund and earn 47.7% of its combined profit. By sector, Industrials is the most expensive at 1,623.0 times earnings and Basic Materials the cheapest at 12.7. Companies that lost money over the past year are 1.5% 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 93.5% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: EIPI chart, EIPI performance, EIPI holdings, EIPI dividends.
EIPI valuation FAQ
What is the P/E ratio of EIPI?
Based on its holdings, EIPI has a trailing P/E of 18.9 and a forward P/E of 14.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of EIPI?
The trailing earnings yield is 5.29% (1 ÷ P/E) and the forward earnings yield 7.06%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is EIPI more expensive than the S&P 500?
EIPI trades at 18.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 14.2 and 19.9.
What is the price-to-book ratio of EIPI?
The holdings of EIPI trade at 2.33 times book value, with a combined return on equity of 12.3%.
Which sector in EIPI has the highest P/E?
Industrials has the highest P/E at 1,623.0 and Basic Materials the lowest at 12.7.