PIMCO RAFI ESG U.S. ETF (RAFE) Valuation
RAFE valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 25.9 trailing earnings
- Forward P/E
- 15.0 analyst estimates
- Price / sales
- 1.54
- Price / book
- 3.35
- EV / EBITDA
- 13.6
- Earnings yield
- 3.86% inverse of P/E
- Dividend yield
- 1.95% of the holdings
- Return on equity
- 12.9% combined
- Net margin
- 5.9% combined
- Beta
- 0.89 weighted, vs S&P 500
RAFE valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| RAFE | 25.9 | 15.0 | 1.54 | 3.35 | 1.95% | 12.9% | 5.9% | 5.7% |
| 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.
RAFE valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 28.0% | 26.1 | 19.2 | 3.52 | 5.91 | 0.95% | 22.6% |
| Healthcare | 25.7% | 45.0 | 15.1 | 1.14 | 3.73 | 2.01% | 8.3% |
| Financial Services | 13.8% | 14.3 | 12.9 | 2.55 | 2.34 | 1.77% | 16.4% |
| Consumer Defensive | 8.3% | 34.5 | 17.0 | 1.38 | 3.62 | 3.24% | 10.5% |
| Consumer Cyclical | 6.2% | 50.4 | 10.9 | 0.61 | 2.60 | 2.20% | 5.2% |
| Communication Services | 5.7% | 10.0 | 8.6 | 1.08 | 1.61 | 4.38% | 16.1% |
| Industrials | 5.0% | 28.0 | 18.8 | 1.55 | 4.78 | 1.55% | 17.1% |
| Basic Materials | 4.2% | n/m | 14.8 | 1.31 | 2.27 | 2.13% | −0.3% |
| Real Estate | 2.4% | 36.9 | 25.9 | 2.67 | 2.87 | 3.14% | 7.8% |
| Utilities | 0.6% | 10.1 | 11.5 | 1.57 | 1.40 | 4.55% | 13.9% |
RAFE 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 RAFE weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
RAFE largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 5.62% | 39.4 | 35.2 | 10.7 | 0.31% | 3.73% |
| MSFT | Microsoft Corporation | 5.39% | 29.5 | 25.1 | 11.8 | 0.74% | 4.77% |
| UNH | UnitedHealth Group Incorporated | 3.07% | 25.8 | 16.6 | 0.8 | 2.31% | 3.11% |
| JNJ | Johnson & Johnson | 2.98% | 38.8 | 21.0 | 6.2 | 2.10% | 2.00% |
| JPM | JPMorgan Chase & Co. | 2.47% | 14.2 | 13.5 | 4.7 | 1.94% | 4.53% |
| MRK | Merck & Co., Inc. | 2.22% | 115.8 | 15.3 | 5.4 | 2.33% | 0.50% |
| PG | The Procter & Gamble Company | 2.11% | 24.1 | 21.2 | 4.3 | 2.73% | 2.29% |
| VZ | Verizon Communications Inc. | 1.81% | 11.7 | 8.7 | 1.3 | 6.32% | 4.05% |
| T | AT&T Inc. | 1.76% | 7.7 | 9.9 | 1.3 | 4.74% | 5.95% |
| ABBV | AbbVie Inc. | 1.71% | 80.6 | 16.4 | 7.8 | 2.42% | 0.55% |
| C | Citigroup Inc. | 1.42% | 12.1 | 10.2 | 2.5 | 2.16% | 3.06% |
| NVDA | NVIDIA Corporation | 1.39% | 27.1 | 24.9 | 17.1 | 0.47% | 1.34% |
| PFE | Pfizer Inc. | 1.38% | 38.9 | 9.7 | 2.6 | 5.81% | 0.92% |
| QCOM | QUALCOMM Incorporated | 1.18% | 19.9 | 19.6 | 4.2 | 2.14% | 1.55% |
| MRNA | Moderna, Inc. | 1.18% | — | 23.0 | 39.1 | — | −1.12% |
| BMY | Bristol-Myers Squibb Company | 1.12% | 13.2 | 9.4 | 2.5 | 4.22% | 2.22% |
| V | Visa Inc. | 1.07% | 34.3 | 24.0 | 17.0 | 0.67% | 0.81% |
| TMO | Thermo Fisher Scientific Inc. | 1.01% | 37.1 | 24.2 | 5.5 | 0.27% | 0.71% |
| IBM | International Business Machines Corporation | 1.00% | 20.6 | 17.4 | 3.2 | 2.91% | 1.27% |
| BAC | Bank of America Corporation | 0.99% | 12.2 | 10.8 | 3.1 | 2.50% | 2.11% |
| AMD | Advanced Micro Devices, Inc. | 0.99% | 134.9 | 39.5 | 20.9 | — | 0.19% |
| ABT | Abbott Laboratories | 0.97% | 33.8 | 17.1 | 3.9 | 2.40% | 0.75% |
| GM | General Motors Company | 0.96% | 37.7 | 5.6 | 0.4 | 0.86% | 0.67% |
| CRM | Salesforce, Inc. | 0.93% | 22.0 | 14.0 | 4.5 | 0.73% | 1.11% |
| PEP | PepsiCo, Inc. | 0.93% | 16.5 | 14.9 | 1.8 | 4.50% | 1.47% |
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 RAFE valuation
Adding up its 277 holdings with company data, RAFE trades at 25.9 times trailing earnings and 15.0 times analysts' forward estimates, with a price-to-book ratio of 3.35 and a dividend yield of 1.95%. Its earnings yield of 3.86% is 1.46 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 29.1% of the fund and earn 31.5% of its combined profit. By sector, Consumer Cyclical is the most expensive at 50.4 times earnings and Communication Services the cheapest at 10.0. Companies that lost money over the past year are 5.7% 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 99.2% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: RAFE chart, RAFE performance, RAFE holdings, RAFE dividends.
RAFE valuation FAQ
What is the P/E ratio of RAFE?
Based on its holdings, RAFE has a trailing P/E of 25.9 and a forward P/E of 15.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of RAFE?
The trailing earnings yield is 3.86% (1 ÷ P/E) and the forward earnings yield 6.66%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is RAFE more expensive than the S&P 500?
RAFE trades at 25.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 15.0 and 19.9.
What is the price-to-book ratio of RAFE?
The holdings of RAFE trade at 3.35 times book value, with a combined return on equity of 12.9%.
Which sector in RAFE has the highest P/E?
Consumer Cyclical has the highest P/E at 50.4 and Communication Services the lowest at 10.0.