Pacer Benchmark Industrial Real Estate SCTR (INDS) Valuation
INDS valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 31.1 trailing earnings
- Forward P/E
- 29.8 analyst estimates
- Price / sales
- 10.17
- Price / book
- 2.58
- EV / EBITDA
- 19.1
- Earnings yield
- 3.22% inverse of P/E
- Dividend yield
- 4.19% of the holdings
- Return on equity
- 8.3% combined
- Net margin
- 32.7% combined
- Beta
- 1.07 weighted, vs S&P 500
INDS valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| INDS | 31.1 | 29.8 | 10.17 | 2.58 | 4.19% | 8.3% | 32.7% | 4.6% |
| 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.
INDS valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Real Estate | 97.8% | 31.1 | 29.8 | 10.17 | 2.58 | 4.19% | 8.3% |
INDS 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 INDS weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
INDS largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| PSA | Public Storage | 16.29% | 28.5 | 27.2 | 11.4 | 4.02% | 24.29% |
| EXR | Extra Space Storage Inc. | 15.10% | 30.8 | 29.0 | 8.8 | 4.64% | 20.82% |
| PLD | Prologis, Inc. | 14.67% | 27.7 | 29.2 | 12.4 | 3.40% | 22.50% |
| SGRO | Segro Plc | 4.54% | — | — | — | — | — |
| EGP | EastGroup Properties, Inc. | 4.46% | 34.5 | 42.0 | 14.1 | 3.56% | 5.51% |
| WPC | W. P. Carey Inc. | 4.25% | 22.3 | 24.2 | 8.2 | 5.83% | 8.09% |
| CUBE | CubeSmart | 3.76% | 26.7 | 24.4 | 7.7 | 5.44% | 5.99% |
| REXR | Rexford Industrial Realty, Inc. | 3.35% | — | 18.8 | 8.5 | 4.72% | −6.75% |
| FR | First Industrial Realty Trust, Inc. | 3.13% | 21.4 | 36.8 | 10.6 | 3.40% | 6.23% |
| TRNO | Terreno Realty Corporation | 2.93% | 17.2 | 80.0 | 13.9 | 3.56% | 7.22% |
| STAG | STAG Industrial, Inc. | 2.92% | 27.6 | 144.9 | 8.0 | 4.33% | 4.49% |
| LMP | LondonMetric Property Plc | 2.18% | — | — | — | — | — |
| BBOX | Tritax Big Box REIT plc | 2.02% | — | — | — | — | — |
| WDP | Warehouses de Pauw Comm VA | 1.75% | — | — | — | — | — |
| GRT-UN | Granite Real Estate Investment Trust | 1.59% | — | — | — | — | — |
| SAGA-B | AB Sagax (publ) | 1.57% | — | — | — | — | — |
| 3281 | GLP J-REIT | 1.56% | — | — | — | — | — |
| 3283 | Nippon Prologis REIT Inc | 1.52% | — | — | — | — | — |
| LXP | LXP Industrial Trust | 1.50% | 60.5 | 28.9 | 10.4 | 4.59% | 1.06% |
| M44U | Mapletree Logistics Trust | 1.30% | — | — | — | — | — |
| M2L | Mapletree Industrial Trust | 1.17% | — | — | — | — | — |
| BUOU | Frasers Logistics & Industrial | 1.15% | — | — | — | — | — |
| DIR-UN | Dream Industrial Real Estate Investment Trust | 1.09% | — | — | — | — | — |
| BYG | Big Yellow Group PLC | 0.99% | — | — | — | — | — |
| SMA | SmartStop Self Storage REIT, Inc. | 0.82% | 64.5 | — | 6.9 | 4.68% | 0.54% |
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 INDS valuation
Adding up its 12 holdings with company data, INDS trades at 31.1 times trailing earnings and 29.8 times analysts' forward estimates, with a price-to-book ratio of 2.58 and a dividend yield of 4.19%. Its earnings yield of 3.22% is 2.11 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 72.5% of the fund and earn 98.4% of its combined profit. Companies that lost money over the past year are 4.6% 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 73.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: INDS chart, INDS performance, INDS holdings, INDS dividends.
INDS valuation FAQ
What is the P/E ratio of INDS?
Based on its holdings, INDS has a trailing P/E of 31.1 and a forward P/E of 29.8 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of INDS?
The trailing earnings yield is 3.22% (1 ÷ P/E) and the forward earnings yield 3.36%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is INDS more expensive than the S&P 500?
INDS trades at 31.1 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 29.8 and 19.9.
What is the price-to-book ratio of INDS?
The holdings of INDS trade at 2.58 times book value, with a combined return on equity of 8.3%.