Pacer S&P 500 Quality FCF Aristocrats ETF (LCOW) Valuation
LCOW valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 30.4 trailing earnings
- Forward P/E
- 20.5 analyst estimates
- Price / sales
- 4.88
- Price / book
- 10.04
- EV / EBITDA
- 20.0
- Earnings yield
- 3.29% inverse of P/E
- Dividend yield
- 1.19% of the holdings
- Return on equity
- 33.0% combined
- Net margin
- 16.1% combined
- Beta
- 0.95 weighted, vs S&P 500
LCOW valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| LCOW | 30.4 | 20.5 | 4.88 | 10.04 | 1.19% | 33.0% | 16.1% | 1.8% |
| 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.
LCOW valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 38.7% | 33.7 | 23.7 | 8.74 | 11.54 | 0.73% | 34.2% |
| Healthcare | 19.5% | 45.1 | 16.8 | 1.95 | 10.63 | 1.99% | 23.5% |
| Financial Services | 19.3% | 26.1 | 19.3 | 8.38 | 6.24 | 0.91% | 23.9% |
| Communication Services | 9.1% | 20.7 | 22.5 | 8.59 | 7.07 | 0.28% | 34.1% |
| Consumer Defensive | 6.0% | 24.3 | 17.4 | 6.47 | 51.75 | 3.65% | 213.1% |
| Consumer Cyclical | 5.2% | 24.3 | 20.1 | 3.85 | 52.09 | 1.41% | 214.6% |
| Industrials | 2.4% | 29.9 | 24.9 | 4.72 | 12.53 | 1.26% | 42.0% |
| Energy | 0.3% | 44.8 | 37.7 | 26.97 | 13.85 | 0.68% | 30.9% |
LCOW 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 LCOW weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
LCOW largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| V | Visa Inc. | 5.81% | 34.3 | 24.0 | 17.0 | 0.67% | 5.13% |
| MA | Mastercard Incorporated | 5.74% | 34.0 | 24.2 | 15.4 | 0.56% | 5.11% |
| ABBV | AbbVie Inc. | 5.30% | 80.6 | 16.4 | 7.8 | 2.42% | 1.99% |
| AAPL | Apple Inc. | 5.18% | 39.4 | 35.2 | 10.7 | 0.31% | 3.98% |
| MSFT | Microsoft Corporation | 4.80% | 29.5 | 25.1 | 11.8 | 0.74% | 4.93% |
| GOOGL | Alphabet Inc. | 4.69% | 17.1 | 22.8 | 9.3 | 0.26% | 8.30% |
| NVDA | NVIDIA Corporation | 4.51% | 27.1 | 24.9 | 17.1 | 0.47% | 5.04% |
| META | Meta Platforms, Inc. | 4.44% | 26.7 | 22.1 | 7.9 | 0.30% | 5.03% |
| AVGO | Broadcom Inc. | 4.15% | 43.3 | 19.4 | 17.6 | 0.79% | 2.90% |
| JNJ | Johnson & Johnson | 3.54% | 38.8 | 21.0 | 6.2 | 2.10% | 2.76% |
| PM | Philip Morris International Inc. | 3.25% | 29.5 | 20.9 | 7.5 | 3.12% | 3.33% |
| PANW | Palo Alto Networks, Inc. | 2.15% | 855.0 | 94.3 | 24.4 | — | 0.08% |
| MRK | Merck & Co., Inc. | 2.07% | 115.8 | 15.3 | 5.4 | 2.33% | 0.54% |
| AMGN | Amgen Inc. | 1.77% | 26.9 | 16.7 | 6.1 | 2.33% | 2.00% |
| GILD | Gilead Sciences, Inc. | 1.76% | — | 15.6 | 6.4 | 2.10% | −0.90% |
| MO | Altria Group, Inc. | 1.75% | 15.8 | 11.9 | 6.1 | 5.91% | 3.35% |
| CSCO | Cisco Systems, Inc. | 1.45% | 32.2 | 19.8 | 6.7 | 1.56% | 1.36% |
| ADP | Automatic Data Processing, Inc. | 1.45% | 26.4 | 22.0 | 5.2 | 2.35% | 1.66% |
| COF | Capital One Financial Corporation | 1.38% | 13.0 | 8.5 | 2.6 | 1.59% | 3.23% |
| LRCX | Lam Research Corporation | 1.38% | 45.8 | 33.7 | 14.2 | 0.50% | 0.91% |
| AMAT | Applied Materials, Inc. | 1.32% | 35.3 | 23.4 | 10.5 | 0.52% | 1.13% |
| AXP | American Express Company | 1.26% | 19.0 | 15.1 | 3.0 | 1.21% | 2.00% |
| KLAC | KLA Corporation | 1.18% | 45.3 | 34.8 | 15.9 | 0.56% | 0.79% |
| MCD | McDonald's Corporation | 1.16% | 19.7 | 17.1 | 6.2 | 3.18% | 1.78% |
| ANET | Arista Networks, Inc. | 1.12% | 55.8 | 39.2 | 21.2 | — | 0.61% |
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 LCOW valuation
Adding up its 100 holdings with company data, LCOW trades at 30.4 times trailing earnings and 20.5 times analysts' forward estimates, with a price-to-book ratio of 10.04 and a dividend yield of 1.19%. Its earnings yield of 3.29% is 2.04 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 48.2% of the fund and earn 45.2% of its combined profit. By sector, Healthcare is the most expensive at 45.1 times earnings and Communication Services the cheapest at 20.7. Companies that lost money over the past year are 1.8% 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: LCOW chart, LCOW performance, LCOW holdings, LCOW dividends.
LCOW valuation FAQ
What is the P/E ratio of LCOW?
Based on its holdings, LCOW has a trailing P/E of 30.4 and a forward P/E of 20.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of LCOW?
The trailing earnings yield is 3.29% (1 ÷ P/E) and the forward earnings yield 4.88%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is LCOW more expensive than the S&P 500?
LCOW trades at 30.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 20.5 and 19.9.
What is the price-to-book ratio of LCOW?
The holdings of LCOW trade at 10.04 times book value, with a combined return on equity of 33.0%.
Which sector in LCOW has the highest P/E?
Healthcare has the highest P/E at 45.1 and Communication Services the lowest at 20.7.