FT Energy Income Partners Strategy ETF (EIPX) Valuation
EIPX valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 18.4 trailing earnings
- Forward P/E
- 14.1 analyst estimates
- Price / sales
- 1.34
- Price / book
- 2.30
- EV / EBITDA
- 9.6
- Earnings yield
- 5.45% inverse of P/E
- Dividend yield
- 3.71% of the holdings
- Return on equity
- 12.5% combined
- Net margin
- 7.3% combined
- Beta
- 0.54 weighted, vs S&P 500
EIPX valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| EIPX | 18.4 | 14.1 | 1.34 | 2.30 | 3.71% | 12.5% | 7.3% | 2.0% |
| 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.
EIPX valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Energy | 55.5% | 17.0 | 12.9 | 1.03 | 2.48 | 4.13% | 14.6% |
| Utilities | 28.1% | 20.5 | 16.3 | 2.91 | 1.93 | 3.30% | 9.4% |
| Industrials | 3.2% | 32.9 | 18.6 | 1.83 | 5.02 | 0.58% | 15.3% |
| Technology | 0.2% | 10.6 | 8.3 | 3.45 | 2.00 | 0.00% | 18.8% |
EIPX 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 EIPX weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
EIPX largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| EPD | Enterprise Products Partners L.P. | 7.74% | 12.8 | 11.9 | 1.4 | 6.08% | 13.99% |
| MPLX | MPLX LP | 3.97% | 12.5 | 12.2 | 4.9 | 7.40% | 7.33% |
| XOM | Exxon Mobil Corporation | 3.65% | 23.0 | 14.8 | 2.0 | 2.30% | 3.66% |
| NFG | National Fuel Gas Company | 3.13% | 11.1 | 9.8 | 3.0 | 2.78% | 6.49% |
| PAGP | Plains GP Holdings, L.P. | 2.77% | 62.4 | 12.1 | 0.1 | 6.08% | 1.03% |
| KMI | Kinder Morgan, Inc. | 2.67% | 22.1 | 20.0 | 4.2 | 3.45% | 2.80% |
| L3H | SHELL PLC WI ADR/2 | 2.41% | — | — | — | — | — |
| SRE | Sempra | 1.85% | 24.1 | 14.5 | 4.0 | 3.15% | 1.77% |
| SO | The Southern Company | 1.84% | 22.0 | 17.0 | 3.5 | 3.33% | 1.94% |
| BKR | Baker Hughes Company | 1.77% | 17.9 | 18.0 | 2.0 | 1.65% | 2.29% |
| ARLP | Alliance Resource Partners, L.P. | 1.75% | 12.6 | 9.0 | 1.5 | 9.33% | 3.23% |
| RRC | Range Resources Corporation | 1.61% | 11.9 | 10.0 | 3.1 | 0.93% | 3.12% |
| DUK | Duke Energy Corporation | 1.53% | 18.3 | 15.9 | 2.9 | 3.57% | 1.93% |
| EVRG | Evergy, Inc. | 1.52% | 21.2 | 19.5 | 3.2 | 3.34% | 1.66% |
| HAL | Halliburton Company | 1.42% | 17.6 | 11.4 | 1.2 | 2.03% | 1.86% |
| FTI | TechnipFMC plc | 1.39% | 24.3 | 21.3 | 2.6 | 0.29% | 1.32% |
| SUN | Sunoco LP | 1.39% | 16.2 | 38.2 | 0.3 | 5.47% | 1.98% |
| EOG | EOG Resources, Inc. | 1.35% | 12.3 | 10.1 | 3.1 | 2.58% | 2.53% |
| TXO | MorningStar Partners, L.P. | 1.33% | — | 12.6 | 1.9 | 9.92% | −1.60% |
| SLB | Schlumberger Limited | 1.33% | 23.9 | 15.9 | 2.0 | 2.38% | 1.28% |
| PPL | PPL Corporation | 1.32% | 20.8 | 15.4 | 2.8 | 3.24% | 1.47% |
| LNG | Cheniere Energy, Inc. | 1.31% | 21.9 | 13.5 | 2.9 | 0.77% | 1.38% |
| AEP | American Electric Power Company, Inc. | 1.30% | 22.0 | 17.2 | 3.0 | 2.99% | 1.36% |
| OGE | OGE Energy Corp. | 1.28% | 20.9 | 17.2 | 3.0 | 3.61% | 1.41% |
| FE | FirstEnergy Corp. | 1.27% | 24.6 | 14.7 | 1.7 | 4.03% | 1.19% |
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 EIPX valuation
Adding up its 75 holdings with company data, EIPX trades at 18.4 times trailing earnings and 14.1 times analysts' forward estimates, with a price-to-book ratio of 2.30 and a dividend yield of 3.71%. Its earnings yield of 5.45% is 0.12 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 31.8% of the fund and earn 44.5% of its combined profit. By sector, Industrials is the most expensive at 32.9 times earnings and Technology the cheapest at 10.6. Companies that lost money over the past year are 2.0% 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 91.5% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: EIPX chart, EIPX performance, EIPX holdings, EIPX dividends.
EIPX valuation FAQ
What is the P/E ratio of EIPX?
Based on its holdings, EIPX has a trailing P/E of 18.4 and a forward P/E of 14.1 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of EIPX?
The trailing earnings yield is 5.45% (1 ÷ P/E) and the forward earnings yield 7.12%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is EIPX more expensive than the S&P 500?
EIPX trades at 18.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 14.1 and 19.9.
What is the price-to-book ratio of EIPX?
The holdings of EIPX trade at 2.30 times book value, with a combined return on equity of 12.5%.
Which sector in EIPX has the highest P/E?
Industrials has the highest P/E at 32.9 and Technology the lowest at 10.6.