Yorkville America Investment ETF (MAGA) Valuation

Cboe BZX: MAGAP/E, earnings yield and other ratios of the holdings combined.

MAGA valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 22.5
Forward P/E: 15.8
Price / sales: 1.91
Price / book: 2.84
EV / EBITDA: 12.9
Earnings yield: 4.44%
Dividend yield: 1.99%
Return on equity: 12.6%
Net margin: 8.5%
Beta: 0.86

MAGA valuation vs other stock ETFs

P/E (TTM)Forward P/E

MAGA valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
MAGA	22.5	15.8	1.91	2.84	1.99%	12.6%	8.5%	4.7%
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.

MAGA valuation by sector

P/E (TTM)Forward P/E

MAGA valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Industrials	21.8%	30.6	21.5	2.36	5.54	1.13%	18.1%
Financial Services	14.7%	14.1	12.3	2.81	1.79	2.02%	12.7%
Energy	12.1%	17.2	11.6	1.88	2.34	2.03%	13.6%
Consumer Cyclical	10.8%	28.9	17.3	1.27	2.94	2.11%	10.2%
Utilities	10.5%	22.2	17.1	3.14	2.16	2.78%	9.7%
Consumer Defensive	7.7%	24.0	15.0	0.73	3.44	2.52%	14.3%
Basic Materials	6.8%	46.3	15.2	1.41	2.84	1.81%	6.1%
Real Estate	6.2%	25.9	22.5	4.03	2.43	3.52%	9.4%
Healthcare	5.8%	31.2	17.3	3.50	6.17	1.31%	19.8%
Technology	2.7%	14.3	12.6	3.67	2.66	1.91%	18.6%

MAGA earnings yield vs bond yields

MAGA earnings yield (forward)

6.33%

MAGA earnings yield (trailing)

4.44%

MAGA dividend yield

1.99%

Bond market yield (AGG)

5.33%

T-bill yield (BIL)

3.91%

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 MAGA weight splits by P/E

Share of the covered weight in companies with a trailing P/E in each range.

MAGA largest holdings: valuation

MAGA largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
MPC	Marathon Petroleum Corporation	0.94%	16.6	5.5	0.9	0.84%	1.30%
PSX	Phillips 66	0.91%	16.8	9.7	0.8	1.81%	1.24%
ILMN	Illumina, Inc.	0.91%	49.0	40.3	8.8	—	0.42%
SPCX	Space Exploration Technologies Corp.	0.90%	—	200.0	83.5	—	−0.09%
VLO	Valero Energy Corporation	0.89%	18.5	10.2	1.0	1.08%	1.09%
COP	ConocoPhillips	0.81%	19.4	12.7	2.7	2.29%	0.95%
HCA	HCA Healthcare, Inc.	0.80%	15.4	13.9	1.3	0.68%	1.19%
XOM	Exxon Mobil Corporation	0.80%	23.0	14.8	2.0	2.30%	0.79%
TSLA	Tesla, Inc.	0.79%	328.4	158.7	13.5	—	0.06%
KDP	Keurig Dr Pepper Inc.	0.79%	35.0	12.5	2.3	2.66%	0.52%
LLY	Eli Lilly and Company	0.79%	42.2	24.4	14.1	0.55%	0.43%
TSCO	Tractor Supply Company	0.79%	17.3	14.5	1.1	2.90%	1.04%
CVX	Chevron Corporation	0.76%	21.2	15.2	2.1	3.16%	0.82%
TRV	The Travelers Companies, Inc.	0.76%	10.5	10.8	1.7	1.28%	1.66%
DE	Deere & Company	0.76%	35.7	29.3	3.6	1.01%	0.49%
FAST	Fastenal Company	0.76%	41.5	37.5	6.4	2.04%	0.42%
AMGN	Amgen Inc.	0.75%	26.9	16.7	6.1	2.33%	0.64%
MO	Altria Group, Inc.	0.75%	15.8	11.9	6.1	5.91%	1.09%
MSI	Motorola Solutions, Inc.	0.75%	36.5	23.9	6.3	1.05%	0.47%
ROP	Roper Technologies, Inc.	0.75%	15.9	15.0	4.6	0.95%	1.07%
KR	The Kroger Co.	0.75%	35.4	11.3	0.3	2.45%	0.48%
OXY	Occidental Petroleum Corporation	0.75%	17.7	14.6	2.6	1.80%	0.96%
EOG	EOG Resources, Inc.	0.74%	12.3	10.1	3.1	2.58%	1.37%
AWK	American Water Works Company, Inc.	0.73%	23.4	20.0	5.1	2.65%	0.72%
TRGP	Targa Resources Corp.	0.73%	28.2	23.2	3.8	1.70%	0.59%

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 MAGA valuation

Adding up its 149 holdings with company data, MAGA trades at 22.5 times trailing earnings and 15.8 times analysts' forward estimates, with a price-to-book ratio of 2.84 and a dividend yield of 1.99%. Its earnings yield of 4.44% is 0.89 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 8.5% of the fund and earn 7.5% of its combined profit. By sector, Basic Materials is the most expensive at 46.3 times earnings and Financial Services the cheapest at 14.1. Companies that lost money over the past year are 4.7% 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 99.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

MAGA valuation FAQ

What is the P/E ratio of MAGA?

Based on its holdings, MAGA has a trailing P/E of 22.5 and a forward P/E of 15.8 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of MAGA?

The trailing earnings yield is 4.44% (1 ÷ P/E) and the forward earnings yield 6.33%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is MAGA more expensive than the S&P 500?

MAGA trades at 22.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 15.8 and 19.9.

What is the price-to-book ratio of MAGA?

The holdings of MAGA trade at 2.84 times book value, with a combined return on equity of 12.6%.

Which sector in MAGA has the highest P/E?

Basic Materials has the highest P/E at 46.3 and Financial Services the lowest at 14.1.