Amplify Cash Flow High Income ETF (HCOW) Valuation
HCOW valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 18.2 trailing earnings
- Forward P/E
- 13.5 analyst estimates
- Price / sales
- 2.04
- Price / book
- 3.47
- EV / EBITDA
- 10.1
- Earnings yield
- 5.48% inverse of P/E
- Dividend yield
- 1.78% of the holdings
- Return on equity
- 19.0% combined
- Net margin
- 11.2% combined
- Beta
- 0.82 weighted, vs S&P 500
HCOW valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| HCOW | 18.2 | 13.5 | 2.04 | 3.47 | 1.78% | 19.0% | 11.2% | 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.
HCOW valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 23.4% | 19.1 | 13.7 | 2.26 | 3.87 | 1.71% | 20.3% |
| Energy | 23.0% | 17.6 | 13.6 | 2.49 | 2.26 | 1.82% | 12.9% |
| Financial Services | 15.8% | 22.0 | 14.3 | 3.36 | 3.26 | 1.56% | 14.8% |
| Industrials | 13.5% | 16.5 | 13.8 | 1.26 | 4.02 | 1.67% | 24.4% |
| Consumer Cyclical | 13.1% | 17.7 | 13.5 | 1.47 | 6.66 | 2.15% | 37.6% |
| Healthcare | 4.2% | 13.1 | 12.0 | 3.44 | 9.40 | 2.67% | 72.0% |
| Basic Materials | 3.6% | 21.8 | 10.0 | 1.68 | 3.57 | 0.88% | 16.4% |
HCOW 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 HCOW weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
HCOW largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| HAS | Hasbro, Inc. | 5.16% | 17.8 | 13.5 | 2.8 | 2.84% | 5.48% |
| COWS | Amplify Cash Flow Dividend Leaders ETF | 4.92% | — | — | — | — | — |
| INTU | Intuit Inc. | 4.42% | 19.8 | 12.7 | 4.1 | 1.70% | 4.23% |
| XOM | Exxon Mobil Corporation | 4.27% | 23.0 | 14.8 | 2.0 | 2.30% | 3.50% |
| ZTS | Zoetis Inc. | 4.19% | 13.1 | 12.0 | 3.4 | 2.67% | 6.06% |
| CVX | Chevron Corporation | 4.12% | 21.2 | 15.2 | 2.1 | 3.16% | 3.66% |
| CSL | Carlisle Companies Incorporated | 4.11% | 19.0 | 13.5 | 2.6 | 1.50% | 4.09% |
| CCK | Crown Holdings, Inc. | 4.08% | 16.4 | 12.1 | 0.9 | 1.15% | 4.69% |
| TEL | TE Connectivity Ltd. | 3.92% | 20.8 | 16.6 | 3.2 | 1.47% | 3.55% |
| AVY | Avery Dennison Corporation | 3.91% | 19.2 | 15.3 | 1.4 | 2.28% | 3.85% |
| EQT | EQT Corporation | 3.87% | 12.6 | 14.1 | 3.7 | 1.25% | 5.80% |
| TTEK | Tetra Tech, Inc. | 3.86% | 20.9 | 19.9 | 2.0 | 0.83% | 3.48% |
| RRC | Range Resources Corporation | 3.75% | 11.9 | 10.0 | 3.1 | 0.93% | 5.94% |
| LNG | Cheniere Energy, Inc. | 3.74% | 21.9 | 13.5 | 2.9 | 0.77% | 3.22% |
| QCOM | QUALCOMM Incorporated | 3.71% | 19.9 | 19.6 | 4.2 | 2.14% | 3.52% |
| STLD | Steel Dynamics, Inc. | 3.56% | 21.8 | 10.0 | 1.7 | 0.88% | 3.08% |
| HPE | Hewlett Packard Enterprise Company | 3.54% | 28.4 | 13.6 | 1.7 | 1.03% | 2.35% |
| SLB | Schlumberger Limited | 3.29% | 23.9 | 15.9 | 2.0 | 2.38% | 2.60% |
| OSK | Oshkosh Corporation | 3.21% | 14.5 | 9.4 | 0.7 | 1.80% | 4.17% |
| CTSH | Cognizant Technology Solutions Corporation | 2.86% | 14.2 | 9.4 | 1.4 | 2.00% | 3.80% |
| ADP | Automatic Data Processing, Inc. | 2.58% | 26.4 | 22.0 | 5.2 | 2.35% | 1.85% |
| FDS | FactSet Research Systems Inc. | 2.56% | 20.7 | 13.9 | 4.3 | 1.54% | 2.34% |
| MRSH | Marsh & McLennan Companies, Inc. | 2.50% | 22.5 | 15.0 | 3.2 | 2.10% | 2.10% |
| AJG | Arthur J. Gallagher & Co. | 2.50% | 42.3 | 16.3 | 4.3 | 1.10% | 1.12% |
| ICE | Intercontinental Exchange, Inc. | 2.36% | 22.8 | 18.1 | 8.6 | 1.29% | 1.96% |
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 HCOW valuation
Adding up its 29 holdings with company data, HCOW trades at 18.2 times trailing earnings and 13.5 times analysts' forward estimates, with a price-to-book ratio of 3.47 and a dividend yield of 1.78%. Its earnings yield of 5.48% is 0.15 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 43.1% of the fund and earn 44.9% of its combined profit. By sector, Financial Services is the most expensive at 22.0 times earnings and Healthcare the cheapest at 13.1. 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 94.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: HCOW chart, HCOW performance, HCOW holdings, HCOW dividends.
HCOW valuation FAQ
What is the P/E ratio of HCOW?
Based on its holdings, HCOW has a trailing P/E of 18.2 and a forward P/E of 13.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of HCOW?
The trailing earnings yield is 5.48% (1 ÷ P/E) and the forward earnings yield 7.41%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is HCOW more expensive than the S&P 500?
HCOW trades at 18.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 13.5 and 19.9.
What is the price-to-book ratio of HCOW?
The holdings of HCOW trade at 3.47 times book value, with a combined return on equity of 19.0%.
Which sector in HCOW has the highest P/E?
Financial Services has the highest P/E at 22.0 and Healthcare the lowest at 13.1.