Pacer S&P MidCap 400 Quality FCF Aristocrats ETF (MCOW) Valuation
MCOW valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 25.7 trailing earnings
- Forward P/E
- 17.0 analyst estimates
- Price / sales
- 3.50
- Price / book
- 5.30
- EV / EBITDA
- 16.7
- Earnings yield
- 3.90% inverse of P/E
- Dividend yield
- 0.73% of the holdings
- Return on equity
- 20.7% combined
- Net margin
- 13.6% combined
- Beta
- 0.94 weighted, vs S&P 500
MCOW valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| MCOW | 25.7 | 17.0 | 3.50 | 5.30 | 0.73% | 20.7% | 13.6% | 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.
MCOW valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 36.8% | 44.4 | 21.3 | 5.41 | 7.71 | 0.18% | 17.4% |
| Industrials | 20.8% | 24.2 | 19.6 | 2.81 | 5.48 | 1.16% | 22.6% |
| Healthcare | 19.0% | 25.7 | 16.8 | 4.97 | 6.24 | 0.03% | 24.3% |
| Consumer Cyclical | 6.2% | 11.9 | 9.1 | 1.64 | 6.29 | 1.83% | 53.0% |
| Energy | 5.2% | 25.2 | 18.3 | 4.39 | 4.60 | 2.19% | 18.2% |
| Financial Services | 4.2% | 10.6 | 9.1 | 2.47 | 1.37 | 2.08% | 12.9% |
| Communication Services | 2.5% | 21.8 | 12.6 | 1.64 | 2.28 | 2.69% | 10.5% |
| Basic Materials | 2.4% | 17.0 | 14.3 | 1.84 | 3.06 | 1.06% | 18.0% |
| Consumer Defensive | 2.1% | 23.8 | 15.5 | 2.29 | 6.15 | 0.28% | 25.9% |
MCOW 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 MCOW weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
MCOW largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| DOCU | DocuSign, Inc. | 4.69% | 45.5 | 15.1 | 4.2 | — | 2.68% |
| MEDP | Medpace Holdings, Inc. | 4.35% | 36.3 | 31.9 | 6.2 | — | 3.11% |
| MANH | Manhattan Associates, Inc. | 4.13% | 63.8 | 40.3 | 11.5 | — | 1.68% |
| EXEL | Exelixis, Inc. | 3.47% | 19.6 | 13.6 | 6.3 | — | 4.60% |
| LSCC | Lattice Semiconductor Corporation | 2.99% | 414.6 | 38.8 | 22.6 | — | 0.19% |
| OKTA | Okta, Inc. | 2.85% | 112.8 | 54.3 | 10.7 | — | 0.66% |
| IDCC | InterDigital, Inc | 2.40% | 37.3 | 29.9 | 10.5 | 0.94% | 1.67% |
| QLYS | Qualys, Inc. | 2.39% | 31.4 | 21.9 | 9.1 | — | 1.98% |
| JAZZ | Jazz Pharmaceuticals plc | 2.30% | 14.4 | 10.9 | 3.0 | — | 4.16% |
| RMBS | Rambus Inc. | 2.25% | 40.0 | 24.2 | 12.5 | — | 1.46% |
| FTI | TechnipFMC plc | 2.19% | 24.3 | 21.3 | 2.6 | 0.29% | 2.34% |
| MLI | Mueller Industries, Inc. | 2.11% | 15.6 | 18.2 | 2.9 | 1.17% | 3.50% |
| CORT | Corcept Therapeutics Incorporated | 2.05% | 244.8 | 19.3 | 14.3 | — | 0.22% |
| NBIX | Neurocrine Biosciences, Inc. | 1.92% | 19.9 | 14.1 | 4.1 | — | 2.51% |
| CVLT | Commvault Systems, Inc. | 1.88% | 95.0 | 28.0 | 5.1 | — | 0.52% |
| HUBS | HubSpot, Inc. | 1.86% | 82.5 | 13.9 | 3.4 | — | 0.59% |
| DBX | Dropbox, Inc. | 1.82% | 19.7 | 10.8 | 3.1 | — | 2.41% |
| STRL | Sterling Infrastructure, Inc. | 1.80% | 30.6 | 19.6 | 3.8 | — | 1.53% |
| GGG | Graco Inc. | 1.73% | 25.8 | 22.1 | 5.9 | 1.44% | 1.74% |
| LECO | Lincoln Electric Holdings, Inc. | 1.67% | 26.2 | 21.2 | 3.2 | 1.33% | 1.66% |
| CSL | Carlisle Companies Incorporated | 1.67% | 19.0 | 13.5 | 2.6 | 1.50% | 2.29% |
| PCTY | Paylocity Holding Corporation | 1.64% | 33.8 | 15.4 | 5.2 | — | 1.26% |
| DTM | DT Midstream, Inc. | 1.64% | 27.1 | 22.1 | 9.6 | 2.85% | 1.57% |
| CW | Curtiss-Wright Corporation | 1.54% | 34.6 | 28.4 | 5.1 | 0.21% | 1.15% |
| AM | Antero Midstream Corporation | 1.41% | 24.9 | 12.9 | 7.5 | 4.36% | 1.48% |
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 MCOW valuation
Adding up its 79 holdings with company data, MCOW trades at 25.7 times trailing earnings and 17.0 times analysts' forward estimates, with a price-to-book ratio of 5.30 and a dividend yield of 0.73%. Its earnings yield of 3.90% is 1.43 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 31.8% of the fund and earn 22.2% of its combined profit. By sector, Technology is the most expensive at 44.4 times earnings and Financial Services the cheapest at 10.6. 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 99.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: MCOW chart, MCOW performance, MCOW holdings, MCOW dividends.
MCOW valuation FAQ
What is the P/E ratio of MCOW?
Based on its holdings, MCOW has a trailing P/E of 25.7 and a forward P/E of 17.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of MCOW?
The trailing earnings yield is 3.90% (1 ÷ P/E) and the forward earnings yield 5.87%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is MCOW more expensive than the S&P 500?
MCOW trades at 25.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 17.0 and 19.9.
What is the price-to-book ratio of MCOW?
The holdings of MCOW trade at 5.30 times book value, with a combined return on equity of 20.7%.
Which sector in MCOW has the highest P/E?
Technology has the highest P/E at 44.4 and Financial Services the lowest at 10.6.