Tortoise AI Infrastructure ETF (TCAI) Valuation
TCAI valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 422.8 trailing earnings
- Forward P/E
- 20.3 analyst estimates
- Price / sales
- 0.26
- Price / book
- 6.86
- EV / EBITDA
- 20.5
- Earnings yield
- 0.24% inverse of P/E
- Dividend yield
- 0.41% of the holdings
- Return on equity
- 1.6% combined
- Net margin
- 0.1% combined
- Beta
- 1.93 weighted, vs S&P 500
TCAI valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| TCAI | 422.8 | 20.3 | 0.26 | 6.86 | 0.41% | 1.6% | 0.1% | 13.5% |
| 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.
TCAI valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 44.7% | 99.5 | 16.0 | 0.13 | 9.50 | 0.21% | 9.5% |
| Industrials | 31.1% | 36.3 | 25.9 | 2.16 | 8.51 | 0.14% | 23.4% |
| Financial Services | 6.6% | n/m | 78.1 | 18.24 | 7.84 | 0.00% | −180.5% |
| Energy | 6.3% | 20.6 | 20.3 | 5.85 | 2.55 | 2.43% | 12.4% |
| Utilities | 6.0% | 25.4 | 19.9 | 3.33 | 2.57 | 1.93% | 10.1% |
| Consumer Cyclical | 2.2% | 56.0 | 26.0 | 2.34 | 8.54 | 0.00% | 15.3% |
TCAI 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 TCAI weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
TCAI largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| DELL | Dell Technologies Inc. | 5.27% | 26.3 | 21.3 | 1.9 | 0.56% | 93.61% |
| VRT | Vertiv Holdings Co | 5.10% | 46.7 | 27.8 | 6.9 | 0.12% | 50.94% |
| MU | Micron Technology, Inc. | 5.02% | 11.8 | 7.0 | 7.5 | 0.07% | 198.22% |
| SNDK | Sandisk Corporation | 3.97% | 17.6 | 8.0 | 9.3 | — | 105.05% |
| CIEN | Ciena Corporation | 3.88% | 74.4 | 39.8 | 7.8 | — | 24.33% |
| PWR | Quanta Services, Inc. | 3.64% | 72.4 | 33.0 | 2.9 | 0.07% | 23.49% |
| GEV | GE Vernova Inc. | 3.54% | 26.4 | 38.8 | 5.9 | 0.22% | 62.51% |
| MYRG | MYR Group Inc. | 3.52% | 26.6 | 21.7 | 1.1 | — | 61.70% |
| STX | Seagate Technology Holdings plc | 3.44% | 46.0 | 25.7 | 11.9 | 0.46% | 34.97% |
| WDC | Western Digital Corporation | 3.36% | 12.3 | 22.8 | 9.6 | 0.18% | 127.29% |
| MTZ | MasTec, Inc. | 3.36% | 30.5 | 18.1 | 1.0 | — | 51.52% |
| NVT | nVent Electric plc | 2.58% | 39.3 | 25.1 | 4.8 | 0.59% | 30.55% |
| WULF | TeraWulf Inc. | 2.56% | — | 212.8 | 35.3 | — | −453.11% |
| DY | Dycom Industries, Inc. | 2.50% | 23.2 | 25.1 | 1.1 | — | 50.43% |
| ETR | Entergy Corporation | 2.50% | 26.9 | 19.6 | 3.7 | 2.44% | 43.34% |
| CIFR | Cipher Mining Inc. | 2.49% | — | 85.5 | 19.5 | — | −371.84% |
| CRDO | Credo Technology Group Holding Ltd | 2.43% | 60.2 | 30.9 | 20.0 | — | 18.88% |
| ANET | Arista Networks, Inc. | 2.39% | 55.8 | 39.2 | 21.2 | — | 19.97% |
| CEG | Constellation Energy Corporation | 2.29% | 26.5 | 20.7 | 3.1 | 0.63% | 40.26% |
| WMB | The Williams Companies, Inc. | 2.29% | 28.4 | 26.8 | 7.1 | 2.95% | 37.59% |
| MOD | Modine Manufacturing Company | 2.22% | 56.0 | 26.0 | 2.3 | — | 18.52% |
| HPE | Hewlett Packard Enterprise Company | 2.17% | 28.4 | 13.6 | 1.7 | 1.03% | 35.65% |
| APH | Amphenol Corporation | 1.95% | 39.7 | 24.6 | 6.7 | 0.63% | 22.91% |
| YNDX | Yandex NV | 1.94% | — | — | — | — | — |
| SKHY | SK Hynix Inc. American Depositary Shares | 1.70% | 8.7 | 5.4 | 0.0 | 0.08% | 90.97% |
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 TCAI valuation
Adding up its 38 holdings with company data, TCAI trades at 422.8 times trailing earnings and 20.3 times analysts' forward estimates, with a price-to-book ratio of 6.86 and a dividend yield of 0.41%. Its earnings yield of 0.24% is 5.09 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 40.7% of the fund and earn 782.1% of its combined profit. By sector, Technology is the most expensive at 99.5 times earnings and Energy the cheapest at 20.6. Companies that lost money over the past year are 13.5% 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 91.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: TCAI chart, TCAI performance, TCAI holdings, TCAI dividends.
TCAI valuation FAQ
What is the P/E ratio of TCAI?
Based on its holdings, TCAI has a trailing P/E of 422.8 and a forward P/E of 20.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of TCAI?
The trailing earnings yield is 0.24% (1 ÷ P/E) and the forward earnings yield 4.93%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is TCAI more expensive than the S&P 500?
TCAI trades at 422.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 20.3 and 19.9.
What is the price-to-book ratio of TCAI?
The holdings of TCAI trade at 6.86 times book value, with a combined return on equity of 1.6%.
Which sector in TCAI has the highest P/E?
Technology has the highest P/E at 99.5 and Energy the lowest at 20.6.