First Trust EIP Power Solutions ETF (FPWR) Valuation
FPWR valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 18.5 trailing earnings
- Forward P/E
- 15.4 analyst estimates
- Price / sales
- 2.84
- Price / book
- 2.22
- EV / EBITDA
- 11.2
- Earnings yield
- 5.39% inverse of P/E
- Dividend yield
- 3.39% of the holdings
- Return on equity
- 12.0% combined
- Net margin
- 15.3% combined
- Beta
- 0.54 weighted, vs S&P 500
FPWR valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FPWR | 18.5 | 15.4 | 2.84 | 2.22 | 3.39% | 12.0% | 15.3% | 0.0% |
| 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.
FPWR valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Utilities | 61.3% | 20.9 | 16.8 | 2.98 | 1.97 | 3.33% | 9.5% |
| Energy | 25.5% | 14.1 | 13.1 | 2.70 | 2.88 | 3.94% | 20.5% |
| Industrials | 3.1% | 41.0 | 17.5 | 1.70 | 5.11 | 0.59% | 12.5% |
| Technology | 0.7% | 10.6 | 8.3 | 3.45 | 2.00 | 0.00% | 18.8% |
| Financial Services | 0.6% | 56.0 | 11.1 | 36.75 | 1.83 | 4.67% | 3.3% |
FPWR 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 FPWR weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FPWR largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| EPD | Enterprise Products Partners L.P. | 4.74% | 12.8 | 11.9 | 1.4 | 6.08% | 7.90% |
| NFG | National Fuel Gas Company | 3.68% | 11.1 | 9.8 | 3.0 | 2.78% | 7.04% |
| DUK | Duke Energy Corporation | 3.63% | 18.3 | 15.9 | 2.9 | 3.57% | 4.23% |
| KMI | Kinder Morgan, Inc. | 3.17% | 22.1 | 20.0 | 4.2 | 3.45% | 3.07% |
| WEC | WEC Energy Group, Inc. | 3.09% | 21.1 | 16.9 | 3.5 | 3.50% | 3.11% |
| PPL | PPL Corporation | 3.04% | 20.8 | 15.4 | 2.8 | 3.24% | 3.11% |
| IDA | IDACORP, Inc. | 2.95% | 22.9 | 18.7 | 4.4 | 2.60% | 2.74% |
| XEL | Xcel Energy Inc. | 2.93% | 20.9 | 16.0 | 3.3 | 3.11% | 2.99% |
| CMS | CMS Energy Corporation | 2.91% | 20.6 | 15.2 | 2.4 | 3.32% | 3.01% |
| MPLX | MPLX LP | 2.83% | 12.5 | 12.2 | 4.9 | 7.40% | 4.82% |
| CQP | Cheniere Energy Partners, L.P. | 2.70% | 12.0 | 16.3 | 2.7 | 5.14% | 4.81% |
| DTE | DTE Energy Company | 2.54% | 20.6 | 15.6 | 1.6 | 3.59% | 2.63% |
| EVRG | Evergy, Inc. | 2.53% | 21.2 | 19.5 | 3.2 | 3.34% | 2.54% |
| ETR | Entergy Corporation | 2.51% | 26.9 | 19.6 | 3.7 | 2.44% | 1.99% |
| SO | The Southern Company | 2.39% | 22.0 | 17.0 | 3.5 | 3.33% | 2.31% |
| AEP | American Electric Power Company, Inc. | 2.37% | 22.0 | 17.2 | 3.0 | 2.99% | 2.30% |
| OGS | ONE Gas, Inc. | 2.35% | 16.3 | 17.4 | 2.1 | 3.60% | 3.08% |
| PEG | Public Service Enterprise Group Incorporated | 2.29% | 17.8 | 15.0 | 2.8 | 3.75% | 2.75% |
| LNT | Alliant Energy Corporation | 2.10% | 21.6 | 17.5 | 4.0 | 3.13% | 2.07% |
| FE | FirstEnergy Corp. | 2.02% | 24.6 | 14.7 | 1.7 | 4.03% | 1.75% |
| D | Dominion Energy, Inc. | 1.98% | 22.0 | 15.9 | 3.1 | 4.20% | 1.92% |
| ATO | Atmos Energy Corporation | 1.90% | 19.9 | 17.6 | 5.7 | 2.39% | 2.03% |
| CWEN | Clearway Energy, Inc. | 1.88% | 38.9 | 39.4 | 4.7 | 6.20% | 1.03% |
| AEE | Ameren Corporation | 1.86% | 18.7 | 17.5 | 3.5 | 2.83% | 2.12% |
| SRE | Sempra | 1.80% | 24.1 | 14.5 | 4.0 | 3.15% | 1.59% |
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 FPWR valuation
Adding up its 52 holdings with company data, FPWR trades at 18.5 times trailing earnings and 15.4 times analysts' forward estimates, with a price-to-book ratio of 2.22 and a dividend yield of 3.39%. Its earnings yield of 5.39% is 0.06 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 33.0% of the fund and earn 42.0% of its combined profit. By sector, Financial Services is the most expensive at 56.0 times earnings and Technology the cheapest at 10.6. Companies that lost money over the past year are 0.0% 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 95.5% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FPWR chart, FPWR performance, FPWR holdings, FPWR dividends.
FPWR valuation FAQ
What is the P/E ratio of FPWR?
Based on its holdings, FPWR has a trailing P/E of 18.5 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 FPWR?
The trailing earnings yield is 5.39% (1 ÷ P/E) and the forward earnings yield 6.48%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FPWR more expensive than the S&P 500?
FPWR trades at 18.5 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 FPWR?
The holdings of FPWR trade at 2.22 times book value, with a combined return on equity of 12.0%.
Which sector in FPWR has the highest P/E?
Financial Services has the highest P/E at 56.0 and Technology the lowest at 10.6.