Parnassus Income Funds (PRVS) Valuation
PRVS valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 36.7 trailing earnings
- Forward P/E
- 16.7 analyst estimates
- Price / sales
- 2.13
- Price / book
- 4.71
- EV / EBITDA
- 15.4
- Earnings yield
- 2.72% inverse of P/E
- Dividend yield
- 1.49% of the holdings
- Return on equity
- 12.8% combined
- Net margin
- 5.8% combined
- Beta
- 1.00 weighted, vs S&P 500
PRVS valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| PRVS | 36.7 | 16.7 | 2.13 | 4.71 | 1.49% | 12.8% | 5.8% | 3.0% |
| 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.
PRVS valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 21.7% | 22.0 | 15.1 | 1.57 | 6.96 | 0.56% | 31.7% |
| Financial Services | 18.0% | 17.5 | 14.8 | 5.63 | 3.03 | 1.50% | 17.3% |
| Healthcare | 13.4% | 31.8 | 19.2 | 1.84 | 3.86 | 1.50% | 12.1% |
| Consumer Cyclical | 10.8% | 20.4 | 22.7 | 2.93 | 5.73 | 0.62% | 28.1% |
| Industrials | 9.6% | 27.2 | 19.7 | 3.50 | 6.68 | 1.60% | 24.5% |
| Communication Services | 8.4% | 14.2 | 13.3 | 2.58 | 3.15 | 2.93% | 22.2% |
| Consumer Defensive | 6.6% | 25.2 | 19.9 | 1.07 | 11.70 | 2.43% | 46.4% |
| Utilities | 5.1% | n/m | 14.9 | 1.71 | 4.53 | 4.53% | −146.5% |
| Real Estate | 3.3% | 30.5 | 14.9 | 0.88 | 4.80 | 0.00% | 15.8% |
| Basic Materials | 3.3% | 32.2 | 23.6 | 6.48 | 5.48 | 1.28% | 17.0% |
PRVS 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 PRVS weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
PRVS largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AMZN | Amazon.com, Inc. | 8.56% | 20.1 | 23.6 | 3.5 | — | 16.30% |
| MSFT | Microsoft Corporation | 7.87% | 29.5 | 25.1 | 11.8 | 0.74% | 10.24% |
| TSM | Taiwan Semiconductor Manufacturing Company Limited | 4.91% | 26.7 | 21.4 | 0.4 | 0.91% | 7.03% |
| GOOGL | Alphabet Inc. | 4.72% | 17.1 | 22.8 | 9.3 | 0.26% | 10.58% |
| AZN | AstraZeneca PLC | 4.33% | — | — | — | — | — |
| V | Visa Inc. | 4.31% | 34.3 | 24.0 | 17.0 | 0.67% | 4.82% |
| JPM | JPMorgan Chase & Co. | 4.18% | 14.2 | 13.5 | 4.7 | 1.94% | 11.25% |
| UNP | Union Pacific Corporation | 3.91% | 23.4 | 19.3 | 6.8 | 1.97% | 6.40% |
| KO | The Coca-Cola Company | 3.89% | 28.2 | 25.3 | 8.1 | 2.26% | 5.29% |
| MU | Micron Technology, Inc. | 3.74% | 11.8 | 7.0 | 7.5 | 0.07% | 12.13% |
| VZ | Verizon Communications Inc. | 3.70% | 11.7 | 8.7 | 1.3 | 6.32% | 12.17% |
| TMO | Thermo Fisher Scientific Inc. | 3.69% | 37.1 | 24.2 | 5.5 | 0.27% | 3.81% |
| BAC | Bank of America Corporation | 3.60% | 12.2 | 10.8 | 3.1 | 2.50% | 11.28% |
| SCHW | The Charles Schwab Corporation | 3.49% | 15.7 | 12.9 | 5.9 | 1.39% | 8.51% |
| CBRE | CBRE Group, Inc. | 3.35% | 30.5 | 14.9 | 0.9 | — | 4.22% |
| LIN | Linde plc | 3.30% | 32.2 | 23.6 | 6.5 | 1.28% | 3.93% |
| CMI | Cummins Inc. | 2.97% | 27.2 | 15.4 | 2.1 | 1.66% | 4.20% |
| AMAT | Applied Materials, Inc. | 2.92% | 35.3 | 23.4 | 10.5 | 0.52% | 3.16% |
| UNH | UnitedHealth Group Incorporated | 2.90% | 25.8 | 16.6 | 0.8 | 2.31% | 4.30% |
| BEPC | Brookfield Renewable Corporation | 2.86% | — | 14.6 | 1.4 | 5.47% | −66.89% |
| DE | Deere & Company | 2.74% | 35.7 | 29.3 | 3.6 | 1.01% | 2.95% |
| SYY | Sysco Corporation | 2.71% | 21.9 | 15.2 | 0.5 | 2.68% | 4.74% |
| ABT | Abbott Laboratories | 2.48% | 33.8 | 17.1 | 3.9 | 2.40% | 2.80% |
| SPGI | S&P Global Inc. | 2.38% | 26.1 | 19.9 | 7.9 | 0.90% | 3.49% |
| HD | The Home Depot, Inc. | 2.23% | 21.5 | 19.8 | 1.8 | 3.01% | 3.96% |
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 PRVS valuation
Adding up its 26 holdings with company data, PRVS trades at 36.7 times trailing earnings and 16.7 times analysts' forward estimates, with a price-to-book ratio of 4.71 and a dividend yield of 1.49%. Its earnings yield of 2.72% is 2.60 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 50.4% of the fund and earn 96.2% of its combined profit. By sector, Basic Materials is the most expensive at 32.2 times earnings and Communication Services the cheapest at 14.2. Companies that lost money over the past year are 3.0% 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 95.7% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: PRVS chart, PRVS performance, PRVS holdings, PRVS dividends.
PRVS valuation FAQ
What is the P/E ratio of PRVS?
Based on its holdings, PRVS has a trailing P/E of 36.7 and a forward P/E of 16.7 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of PRVS?
The trailing earnings yield is 2.72% (1 ÷ P/E) and the forward earnings yield 6.00%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is PRVS more expensive than the S&P 500?
PRVS trades at 36.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 16.7 and 19.9.
What is the price-to-book ratio of PRVS?
The holdings of PRVS trade at 4.71 times book value, with a combined return on equity of 12.8%.
Which sector in PRVS has the highest P/E?
Basic Materials has the highest P/E at 32.2 and Communication Services the lowest at 14.2.