Nuveen Global Infrastructure Fund ETF Class (NGIF) Valuation
NGIF valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 22.6 trailing earnings
- Forward P/E
- 17.8 analyst estimates
- Price / sales
- 2.00
- Price / book
- 2.96
- EV / EBITDA
- 12.9
- Earnings yield
- 4.42% inverse of P/E
- Dividend yield
- 2.55% of the holdings
- Return on equity
- 13.1% combined
- Net margin
- 8.8% combined
- Beta
- 0.52 weighted, vs S&P 500
NGIF valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| NGIF | 22.6 | 17.8 | 2.00 | 2.96 | 2.55% | 13.1% | 8.8% | 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.
NGIF valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Utilities | 48.0% | 21.5 | 17.1 | 3.22 | 2.20 | 2.88% | 10.3% |
| Energy | 17.2% | 24.5 | 19.0 | 3.93 | 5.45 | 2.15% | 22.2% |
| Real Estate | 0.7% | 75.2 | 59.8 | 9.83 | 3.39 | 2.50% | 4.5% |
NGIF 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 NGIF weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
NGIF largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| ETR | Entergy Corporation | 4.70% | 26.9 | 19.6 | 3.7 | 2.44% | 6.88% |
| NEE | NextEra Energy, Inc. | 4.51% | 17.9 | 17.7 | 5.8 | 3.12% | 9.91% |
| AEP | American Electric Power Company, Inc. | 4.50% | 22.0 | 17.2 | 3.0 | 2.99% | 8.03% |
| XEL | Xcel Energy Inc. | 3.94% | 20.9 | 16.0 | 3.3 | 3.11% | 7.42% |
| AENA | Aena SA | 3.50% | — | — | — | — | — |
| LNG | Cheniere Energy, Inc. | 3.45% | 21.9 | 13.5 | 2.9 | 0.77% | 6.20% |
| IBE | Iberdrola S.A. | 3.35% | — | — | — | — | — |
| LNT | Alliant Energy Corporation | 3.19% | 21.6 | 17.5 | 4.0 | 3.13% | 5.81% |
| TRGP | Targa Resources Corp. | 2.93% | 28.2 | 23.2 | 3.8 | 1.70% | 4.09% |
| ENB | Enbridge Inc | 2.70% | — | — | — | — | — |
| WMB | The Williams Companies, Inc. | 2.67% | 28.4 | 26.8 | 7.1 | 2.95% | 3.70% |
| WM | Waste Management, Inc. | 2.44% | 32.1 | 22.5 | 3.5 | 1.67% | 2.99% |
| AEE | Ameren Corporation | 2.43% | 18.7 | 17.5 | 3.5 | 2.83% | 5.12% |
| TCL | Transurban Group | 2.27% | — | — | — | — | — |
| EOAN | E.ON SE | 1.87% | — | — | — | — | — |
| ENEL | Enel SpA | 1.84% | — | — | — | — | — |
| WCN | Waste Connections, Inc. | 1.79% | 40.6 | 18.1 | 4.3 | 0.83% | 1.74% |
| EVRG | Evergy, Inc. | 1.74% | 21.2 | 19.5 | 3.2 | 3.34% | 3.24% |
| KMI | Kinder Morgan, Inc. | 1.74% | 22.1 | 20.0 | 4.2 | 3.45% | 3.10% |
| OMAB | Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. | 1.71% | 14.7 | 14.4 | 0.3 | 6.30% | 4.58% |
| NG | National Grid PLC | 1.60% | — | — | — | — | — |
| CSX | CSX Corporation | 1.49% | 28.3 | 21.2 | 6.2 | 1.15% | 2.08% |
| SO | The Southern Company | 1.47% | 22.0 | 17.0 | 3.5 | 3.33% | 2.63% |
| ENGI | Engie S.A. | 1.43% | — | — | — | — | — |
| RWE | RWE AG | 1.39% | — | — | — | — | — |
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 NGIF valuation
Adding up its 32 holdings with company data, NGIF trades at 22.6 times trailing earnings and 17.8 times analysts' forward estimates, with a price-to-book ratio of 2.96 and a dividend yield of 2.55%. Its earnings yield of 4.42% is 0.91 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 36.8% of the fund and earn 60.2% of its combined profit. By sector, Real Estate is the most expensive at 75.2 times earnings and Utilities the cheapest at 21.5. 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 60.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: NGIF chart, NGIF holdings.
NGIF valuation FAQ
What is the P/E ratio of NGIF?
Based on its holdings, NGIF has a trailing P/E of 22.6 and a forward P/E of 17.8 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of NGIF?
The trailing earnings yield is 4.42% (1 ÷ P/E) and the forward earnings yield 5.61%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is NGIF more expensive than the S&P 500?
NGIF trades at 22.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 17.8 and 19.9.
What is the price-to-book ratio of NGIF?
The holdings of NGIF trade at 2.96 times book value, with a combined return on equity of 13.1%.
Which sector in NGIF has the highest P/E?
Real Estate has the highest P/E at 75.2 and Utilities the lowest at 21.5.