ALPS Electrification Infrastructure ETF (ELFY) Valuation
ELFY valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 35.3 trailing earnings
- Forward P/E
- 17.2 analyst estimates
- Price / sales
- 2.46
- Price / book
- 3.03
- EV / EBITDA
- 15.2
- Earnings yield
- 2.84% inverse of P/E
- Dividend yield
- 1.69% of the holdings
- Return on equity
- 8.6% combined
- Net margin
- 7.0% combined
- Beta
- 1.04 weighted, vs S&P 500
ELFY valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| ELFY | 35.3 | 17.2 | 2.46 | 3.03 | 1.69% | 8.6% | 7.0% | 9.7% |
| 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.
ELFY valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Utilities | 38.7% | 28.3 | 14.2 | 2.28 | 2.01 | 3.10% | 7.1% |
| Industrials | 27.3% | 42.9 | 20.7 | 1.96 | 5.42 | 0.50% | 12.6% |
| Technology | 15.2% | 38.1 | 18.9 | 3.77 | 4.32 | 0.36% | 11.4% |
| Energy | 13.9% | 25.3 | 18.2 | 3.54 | 3.23 | 2.40% | 12.8% |
| Basic Materials | 4.5% | n/m | 26.6 | 7.83 | 3.79 | 0.36% | −19.6% |
ELFY 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 ELFY weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
ELFY largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| EMR | Emerson Electric Co. | 1.07% | 35.3 | 21.5 | 4.9 | 1.37% | 1.19% |
| VICR | Vicor Corporation | 1.06% | 61.2 | 47.2 | 18.6 | — | 0.68% |
| TLN | Talen Energy Corporation | 1.05% | — | 9.9 | 4.5 | — | −0.48% |
| BKH | Black Hills Corporation | 1.04% | 19.3 | 15.0 | 2.5 | 3.67% | 2.14% |
| PNW | Pinnacle West Capital Corporation | 1.01% | 19.9 | 16.9 | 2.3 | 3.52% | 2.01% |
| GNRC | Generac Holdings Inc. | 1.01% | 44.3 | 15.9 | 2.6 | — | 0.90% |
| TRMB | Trimble Inc. | 1.00% | — | 14.0 | 3.7 | — | −0.32% |
| ZBRA | Zebra Technologies Corporation | 1.00% | 33.8 | 16.9 | 3.0 | — | 1.17% |
| CNP | CenterPoint Energy, Inc. | 1.00% | 24.0 | 17.7 | 2.8 | 2.37% | 1.64% |
| AEE | Ameren Corporation | 1.00% | 18.7 | 17.5 | 3.5 | 2.83% | 2.11% |
| PNM | PNM Resources Inc | 0.99% | — | — | — | — | — |
| CMS | CMS Energy Corporation | 0.99% | 20.6 | 15.2 | 2.4 | 3.32% | 1.90% |
| RRX | Regal Rexnord Corporation | 0.99% | 31.7 | 11.4 | 1.7 | 0.91% | 1.23% |
| EIX | Edison International | 0.99% | 5.8 | 8.2 | 1.1 | 6.28% | 6.75% |
| AES | The AES Corporation | 0.99% | 5.6 | 6.6 | 0.8 | 4.71% | 6.95% |
| PPL | PPL Corporation | 0.98% | 20.8 | 15.4 | 2.8 | 3.24% | 1.87% |
| DUK | Duke Energy Corporation | 0.98% | 18.3 | 15.9 | 2.9 | 3.57% | 2.12% |
| HUBB | Hubbell Incorporated | 0.98% | 27.3 | 20.7 | 3.9 | 1.23% | 1.42% |
| ED | Consolidated Edison, Inc. | 0.98% | 18.2 | 16.1 | 2.3 | 3.16% | 2.13% |
| SO | The Southern Company | 0.98% | 22.0 | 17.0 | 3.5 | 3.33% | 1.76% |
| J | Jacobs Engineering Group Inc. | 0.98% | 46.9 | 16.9 | 1.2 | 1.02% | 0.83% |
| ENB | Enbridge Inc | 0.98% | — | — | — | — | — |
| FE | FirstEnergy Corp. | 0.98% | 24.6 | 14.7 | 1.7 | 4.03% | 1.57% |
| APH | Amphenol Corporation | 0.98% | 39.7 | 24.6 | 6.7 | 0.63% | 0.97% |
| EXC | Exelon Corporation | 0.98% | 16.0 | 13.7 | 1.8 | 3.86% | 2.41% |
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 ELFY valuation
Adding up its 99 holdings with company data, ELFY trades at 35.3 times trailing earnings and 17.2 times analysts' forward estimates, with a price-to-book ratio of 3.03 and a dividend yield of 1.69%. Its earnings yield of 2.84% is 2.49 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 10.2% of the fund and earn 11.0% of its combined profit. By sector, Industrials is the most expensive at 42.9 times earnings and Energy the cheapest at 25.3. Companies that lost money over the past year are 9.7% 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 89.5% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: ELFY chart, ELFY performance, ELFY holdings, ELFY dividends.
ELFY valuation FAQ
What is the P/E ratio of ELFY?
Based on its holdings, ELFY has a trailing P/E of 35.3 and a forward P/E of 17.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of ELFY?
The trailing earnings yield is 2.84% (1 ÷ P/E) and the forward earnings yield 5.81%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is ELFY more expensive than the S&P 500?
ELFY trades at 35.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 17.2 and 19.9.
What is the price-to-book ratio of ELFY?
The holdings of ELFY trade at 3.03 times book value, with a combined return on equity of 8.6%.
Which sector in ELFY has the highest P/E?
Industrials has the highest P/E at 42.9 and Energy the lowest at 25.3.