Alerian Energy Infrastructure ETF (ENFR) Valuation
ENFR valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 20.1 trailing earnings
- Forward P/E
- 15.4 analyst estimates
- Price / sales
- 0.99
- Price / book
- 3.72
- EV / EBITDA
- 10.2
- Earnings yield
- 4.97% inverse of P/E
- Dividend yield
- 4.29% of the holdings
- Return on equity
- 18.5% combined
- Net margin
- 4.9% combined
- Beta
- 0.59 weighted, vs S&P 500
ENFR valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| ENFR | 20.1 | 15.4 | 0.99 | 3.72 | 4.29% | 18.5% | 4.9% | 0.7% |
| 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.
ENFR valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Energy | 85.3% | 20.1 | 15.4 | 0.99 | 3.72 | 4.29% | 18.5% |
ENFR 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 ENFR weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
ENFR largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| ENB | Enbridge Inc | 6.95% | — | — | — | — | — |
| EPD | Enterprise Products Partners L.P. | 6.68% | 12.8 | 11.9 | 1.4 | 6.08% | 17.29% |
| WMB | The Williams Companies, Inc. | 5.91% | 28.4 | 26.8 | 7.1 | 2.95% | 6.89% |
| KMI | Kinder Morgan, Inc. | 5.73% | 22.1 | 20.0 | 4.2 | 3.45% | 8.59% |
| PAGP | Plains GP Holdings, L.P. | 5.33% | 62.4 | 12.1 | 0.1 | 6.08% | 2.83% |
| LNG | Cheniere Energy, Inc. | 5.29% | 21.9 | 13.5 | 2.9 | 0.77% | 7.99% |
| TRP | TC Energy Corp | 5.21% | — | — | — | — | — |
| KEY | Keyera Corp. | 5.19% | — | — | — | — | — |
| MPLX | MPLX LP | 5.07% | 12.5 | 12.2 | 4.9 | 7.40% | 13.42% |
| TRGP | Targa Resources Corp. | 5.05% | 28.2 | 23.2 | 3.8 | 1.70% | 5.93% |
| PPL | Pembina Pipeline Corp | 5.04% | — | — | — | — | — |
| DTM | DT Midstream, Inc. | 4.87% | 27.1 | 22.1 | 9.6 | 2.85% | 5.95% |
| SOBO | South Bow Corporation | 3.12% | 15.8 | 17.5 | 3.6 | 5.77% | 6.56% |
| AM | Antero Midstream Corporation | 2.93% | 24.9 | 12.9 | 7.5 | 4.36% | 3.90% |
| WES | Western Midstream Partners, LP | 2.55% | 14.1 | 11.3 | 4.3 | 8.34% | 5.97% |
| VG | Venture Global, Inc. | 2.53% | 10.0 | 14.4 | 1.9 | 1.26% | 8.38% |
| GEI | Gibson Energy Inc. | 1.75% | — | — | — | — | — |
| HESM | Hess Midstream LP | 1.67% | 10.6 | 9.9 | 3.9 | 10.07% | 5.23% |
| KNTK | Kinetik Holdings Inc. | 1.40% | 19.3 | 21.4 | 5.0 | 5.86% | 2.40% |
| WTTR | Select Energy Services, Inc. | 0.91% | 66.4 | 23.5 | 1.9 | 1.51% | 0.46% |
| WBI | WaterBridge Infrastructure LLC | 0.68% | 356.1 | — | 4.7 | 0.70% | 0.06% |
| NGL | NGL Energy Partners LP | 0.42% | — | 46.1 | 0.6 | — | −2.54% |
| GEL | Genesis Energy, L.P. | 0.35% | 71.2 | 10.1 | 0.9 | 5.62% | 0.16% |
| NEXT | NextDecade Corporation | 0.34% | — | — | — | — | — |
| DKL | Delek Logistics Partners, LP | 0.31% | 19.9 | 10.3 | 2.8 | 7.86% | 0.52% |
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 ENFR valuation
Adding up its 19 holdings with company data, ENFR trades at 20.1 times trailing earnings and 15.4 times analysts' forward estimates, with a price-to-book ratio of 3.72 and a dividend yield of 4.29%. Its earnings yield of 4.97% is 0.36 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 56.4% of the fund and earn 79.4% of its combined profit. Companies that lost money over the past year are 0.7% 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 71.3% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: ENFR chart, ENFR performance, ENFR holdings, ENFR dividends.
ENFR valuation FAQ
What is the P/E ratio of ENFR?
Based on its holdings, ENFR has a trailing P/E of 20.1 and a forward P/E of 15.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of ENFR?
The trailing earnings yield is 4.97% (1 ÷ P/E) and the forward earnings yield 6.50%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is ENFR more expensive than the S&P 500?
ENFR trades at 20.1 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 15.4 and 19.9.
What is the price-to-book ratio of ENFR?
The holdings of ENFR trade at 3.72 times book value, with a combined return on equity of 18.5%.