UBS AG London Branch ELKS 6 (MLPB) Valuation
MLPB valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 14.8 trailing earnings
- Forward P/E
- 12.2 analyst estimates
- Price / sales
- 0.95
- Price / book
- 2.93
- EV / EBITDA
- 9.7
- Earnings yield
- 6.77% inverse of P/E
- Dividend yield
- 6.80% of the holdings
- Return on equity
- 19.8% combined
- Net margin
- 6.4% combined
- Beta
- 0.56 weighted, vs S&P 500
MLPB valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| MLPB | 14.8 | 12.2 | 0.95 | 2.93 | 6.80% | 19.8% | 6.4% | 0.0% |
| 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.
MLPB valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Energy | 92.4% | 14.8 | 12.2 | 0.95 | 2.93 | 6.80% | 19.8% |
MLPB 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 MLPB weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
MLPB largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MPLX | MPLX LP | 10.54% | 12.5 | 12.2 | 4.9 | 7.40% | 21.67% |
| EPD | Enterprise Products Partners L.P. | 10.33% | 12.8 | 11.9 | 1.4 | 6.08% | 20.78% |
| MMP | Magellan Midstream Partners LP | 10.06% | — | — | — | — | — |
| PAA | Plains All American Pipeline, L.P. | 10.06% | 21.8 | 13.1 | 0.3 | 6.61% | 11.88% |
| WES | Western Midstream Partners, LP | 9.79% | 14.1 | 11.3 | 4.3 | 8.34% | 17.83% |
| ET | Energy Transfer LP | 9.18% | 13.9 | 12.0 | 0.6 | 6.71% | 17.02% |
| DCP | DCP Midstream LP | 6.04% | — | — | — | — | — |
| ENLC | EnLink Midstream LLC | 5.41% | — | — | — | — | — |
| CQP | Cheniere Energy Partners, L.P. | 4.53% | 12.0 | 16.3 | 2.7 | 5.14% | 9.73% |
| CEQP | Crestwood Equity Partners LP | 4.02% | — | — | — | — | — |
| SHLX | Shell Midstream Partners LP | 3.75% | — | — | — | — | — |
| NS | NuStar Energy LP | 3.75% | — | — | — | — | — |
| GEL | Genesis Energy, L.P. | 3.01% | 71.2 | 10.1 | 0.9 | 5.62% | 1.09% |
| HEP | Holly Energy Partners LP | 1.95% | — | — | — | — | — |
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 MLPB valuation
Adding up its 7 holdings with company data, MLPB trades at 14.8 times trailing earnings and 12.2 times analysts' forward estimates, with a price-to-book ratio of 2.93 and a dividend yield of 6.80%. Its earnings yield of 6.77% is 1.44 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 80.0% of the fund and earn 100.0% of its combined profit. Companies that lost money over the past year are 0.0% 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 62.2% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: MLPB chart, MLPB performance, MLPB holdings, MLPB dividends.
MLPB valuation FAQ
What is the P/E ratio of MLPB?
Based on its holdings, MLPB has a trailing P/E of 14.8 and a forward P/E of 12.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of MLPB?
The trailing earnings yield is 6.77% (1 ÷ P/E) and the forward earnings yield 8.20%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is MLPB more expensive than the S&P 500?
MLPB trades at 14.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 12.2 and 19.9.
What is the price-to-book ratio of MLPB?
The holdings of MLPB trade at 2.93 times book value, with a combined return on equity of 19.8%.