Principal Capital Appreciation Select ETF (LCAP) Valuation
LCAP valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 27.7 trailing earnings
- Forward P/E
- 20.7 analyst estimates
- Price / sales
- 3.18
- Price / book
- 6.80
- EV / EBITDA
- 19.4
- Earnings yield
- 3.61% inverse of P/E
- Dividend yield
- 0.81% of the holdings
- Return on equity
- 24.5% combined
- Net margin
- 11.5% combined
- Beta
- 1.12 weighted, vs S&P 500
LCAP valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| LCAP | 27.7 | 20.7 | 3.18 | 6.80 | 0.81% | 24.5% | 11.5% | 1.0% |
| 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.
LCAP valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 34.8% | 37.3 | 25.2 | 6.86 | 15.04 | 0.38% | 40.4% |
| Financial Services | 12.6% | 17.0 | 15.3 | 3.95 | 3.35 | 1.12% | 19.7% |
| Healthcare | 11.2% | 32.8 | 19.1 | 1.12 | 7.23 | 1.21% | 22.1% |
| Communication Services | 9.3% | 20.4 | 19.9 | 5.15 | 6.00 | 0.64% | 29.4% |
| Consumer Cyclical | 8.4% | 27.7 | 26.5 | 4.09 | 8.25 | 0.27% | 29.8% |
| Industrials | 8.1% | 33.1 | 28.5 | 4.78 | 7.82 | 0.86% | 23.7% |
| Consumer Defensive | 4.5% | 35.7 | 31.3 | 2.39 | 11.24 | 1.40% | 31.4% |
| Energy | 4.0% | 19.2 | 7.9 | 1.21 | 3.57 | 1.55% | 18.6% |
| Real Estate | 1.9% | 31.3 | 98.7 | 9.15 | 2.12 | 2.98% | 6.8% |
| Utilities | 1.3% | 23.3 | 11.7 | 1.12 | 2.68 | 2.09% | 11.5% |
| Basic Materials | 1.0% | 32.2 | 23.6 | 6.48 | 5.48 | 1.28% | 17.0% |
LCAP 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 LCAP weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
LCAP largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 7.15% | 27.1 | 24.9 | 17.1 | 0.47% | 7.55% |
| AAPL | Apple Inc. | 6.99% | 39.4 | 35.2 | 10.7 | 0.31% | 5.08% |
| MSFT | Microsoft Corporation | 5.38% | 29.5 | 25.1 | 11.8 | 0.74% | 5.21% |
| GOOGL | Alphabet Inc. | 4.87% | 17.1 | 22.8 | 9.3 | 0.26% | 8.15% |
| AMZN | Amazon.com, Inc. | 4.02% | 20.1 | 23.6 | 3.5 | — | 5.72% |
| V | Visa Inc. | 3.70% | 34.3 | 24.0 | 17.0 | 0.67% | 3.09% |
| META | Meta Platforms, Inc. | 3.12% | 26.7 | 22.1 | 7.9 | 0.30% | 3.33% |
| LLY | Eli Lilly and Company | 2.73% | 42.2 | 24.4 | 14.1 | 0.55% | 1.85% |
| JPM | JPMorgan Chase & Co. | 2.49% | 14.2 | 13.5 | 4.7 | 1.94% | 4.99% |
| RSG | Republic Services, Inc. | 2.32% | 32.8 | 26.3 | 4.2 | 1.16% | 2.02% |
| AVGO | Broadcom Inc. | 2.32% | 43.3 | 19.4 | 17.6 | 0.79% | 1.53% |
| COST | Costco Wholesale Corporation | 2.32% | 47.6 | 40.3 | 1.4 | 0.59% | 1.39% |
| KO | The Coca-Cola Company | 2.16% | 28.2 | 25.3 | 8.1 | 2.26% | 2.19% |
| MPC | Marathon Petroleum Corporation | 2.02% | 16.6 | 5.5 | 0.9 | 0.84% | 3.50% |
| MCK | McKesson Corporation | 1.99% | 26.9 | 19.7 | 0.3 | 0.37% | 2.11% |
| TMO | Thermo Fisher Scientific Inc. | 1.93% | 37.1 | 24.2 | 5.5 | 0.27% | 1.49% |
| XOM | Exxon Mobil Corporation | 1.93% | 23.0 | 14.8 | 2.0 | 2.30% | 2.39% |
| PH | Parker-Hannifin Corporation | 1.91% | 33.8 | 27.5 | 5.7 | 0.83% | 1.62% |
| TWLO | Twilio Inc | 1.89% | 33.8 | 43.7 | 6.7 | — | 1.60% |
| MU | Micron Technology, Inc. | 1.84% | 11.8 | 7.0 | 7.5 | 0.07% | 4.45% |
| AXP | American Express Company | 1.81% | 19.0 | 15.1 | 3.0 | 1.21% | 2.71% |
| LRCX | Lam Research Corporation | 1.73% | 45.8 | 33.7 | 14.2 | 0.50% | 1.08% |
| NOW | ServiceNow, Inc. | 1.71% | 88.7 | 27.8 | 10.0 | — | 0.55% |
| BRK.B | Berkshire Hathaway Inc. | 1.39% | 13.4 | 22.7 | 3.0 | — | 2.97% |
| TJX | The TJX Companies, Inc. | 1.38% | 27.3 | 24.9 | 2.6 | 1.30% | 1.45% |
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 LCAP valuation
Adding up its 55 holdings with company data, LCAP trades at 27.7 times trailing earnings and 20.7 times analysts' forward estimates, with a price-to-book ratio of 6.80 and a dividend yield of 0.81%. Its earnings yield of 3.61% is 1.72 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 42.8% of the fund and earn 47.0% of its combined profit. By sector, Technology is the most expensive at 37.3 times earnings and Financial Services the cheapest at 17.0. Companies that lost money over the past year are 1.0% 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 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: LCAP chart, LCAP performance, LCAP holdings, LCAP dividends.
LCAP valuation FAQ
What is the P/E ratio of LCAP?
Based on its holdings, LCAP has a trailing P/E of 27.7 and a forward P/E of 20.7 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of LCAP?
The trailing earnings yield is 3.61% (1 ÷ P/E) and the forward earnings yield 4.82%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is LCAP more expensive than the S&P 500?
LCAP trades at 27.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 20.7 and 19.9.
What is the price-to-book ratio of LCAP?
The holdings of LCAP trade at 6.80 times book value, with a combined return on equity of 24.5%.
Which sector in LCAP has the highest P/E?
Technology has the highest P/E at 37.3 and Financial Services the lowest at 17.0.