Tortoise Energy Fund (TNGY) Valuation
TNGY valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 19.9 trailing earnings
- Forward P/E
- 11.6 analyst estimates
- Price / sales
- 1.37
- Price / book
- 2.81
- EV / EBITDA
- 8.5
- Earnings yield
- 5.02% inverse of P/E
- Dividend yield
- 1.87% of the holdings
- Return on equity
- 14.1% combined
- Net margin
- 6.9% combined
- Beta
- 0.53 weighted, vs S&P 500
TNGY valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| TNGY | 19.9 | 11.6 | 1.37 | 2.81 | 1.87% | 14.1% | 6.9% | 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.
TNGY valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Energy | 91.7% | 19.6 | 11.3 | 1.35 | 2.77 | 1.96% | 14.1% |
| Utilities | 3.9% | 26.5 | 20.7 | 3.07 | 3.16 | 0.63% | 11.9% |
| Industrials | 1.7% | 32.1 | 20.2 | 1.11 | 6.13 | 0.00% | 19.1% |
TNGY 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 TNGY weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
TNGY largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| VLO | Valero Energy Corporation | 9.65% | 18.5 | 10.2 | 1.0 | 1.08% | 10.74% |
| MPC | Marathon Petroleum Corporation | 9.20% | 16.6 | 5.5 | 0.9 | 0.84% | 11.46% |
| OXY | Occidental Petroleum Corporation | 8.29% | 17.7 | 14.6 | 2.6 | 1.80% | 9.65% |
| CVX | Chevron Corporation | 8.10% | 21.2 | 15.2 | 2.1 | 3.16% | 7.86% |
| TRGP | Targa Resources Corp. | 7.82% | 28.2 | 23.2 | 3.8 | 1.70% | 5.72% |
| LNG | Cheniere Energy, Inc. | 7.79% | 21.9 | 13.5 | 2.9 | 0.77% | 7.33% |
| FANG | Diamondback Energy, Inc. | 7.03% | 38.8 | 10.0 | 3.5 | 2.16% | 3.73% |
| XOM | Exxon Mobil Corporation | 5.56% | 23.0 | 14.8 | 2.0 | 2.30% | 4.98% |
| PSX | Phillips 66 | 4.81% | 16.8 | 9.7 | 0.8 | 1.81% | 5.92% |
| OVV | Ovintiv Inc. | 4.78% | 19.3 | 9.0 | 2.0 | 1.73% | 5.10% |
| WMB | The Williams Companies, Inc. | 4.14% | 28.4 | 26.8 | 7.1 | 2.95% | 3.01% |
| DVN | Devon Energy Corporation | 4.00% | 11.1 | 9.3 | 3.0 | 2.52% | 7.46% |
| CEG | Constellation Energy Corporation | 3.88% | 26.5 | 20.7 | 3.1 | 0.63% | 3.02% |
| VG | Venture Global, Inc. | 3.64% | 10.0 | 14.4 | 1.9 | 1.26% | 7.49% |
| COP | ConocoPhillips | 2.08% | 19.4 | 12.7 | 2.7 | 2.29% | 2.21% |
| PAGP | Plains GP Holdings, L.P. | 2.07% | 62.4 | 12.1 | 0.1 | 6.08% | 0.69% |
| MPLX | MPLX LP | 1.14% | 12.5 | 12.2 | 4.9 | 7.40% | 1.89% |
| DTM | DT Midstream, Inc. | 0.92% | 27.1 | 22.1 | 9.6 | 2.85% | 0.70% |
| MTZ | MasTec, Inc. | 0.79% | 30.5 | 18.1 | 1.0 | — | 0.53% |
| SOI | Solaris Oilfield Infrastructure Inc | 0.68% | — | — | — | — | — |
| MYRG | MYR Group Inc. | 0.67% | 26.6 | 21.7 | 1.1 | — | 0.52% |
| FGXXX | First American Funds Inc. - Government Obligations Fund | 0.47% | — | — | — | — | — |
| INIO | INNIO N.V. | 0.19% | 541.3 | 26.3 | 3.9 | — | 0.01% |
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 TNGY valuation
Adding up its 21 holdings with company data, TNGY trades at 19.9 times trailing earnings and 11.6 times analysts' forward estimates, with a price-to-book ratio of 2.81 and a dividend yield of 1.87%. Its earnings yield of 5.02% is 0.30 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 73.0% of the fund and earn 72.5% of its combined profit. By sector, Industrials is the most expensive at 32.1 times earnings and Energy the cheapest at 19.6. 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 98.8% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: TNGY chart, TNGY performance, TNGY holdings, TNGY dividends.
TNGY valuation FAQ
What is the P/E ratio of TNGY?
Based on its holdings, TNGY has a trailing P/E of 19.9 and a forward P/E of 11.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of TNGY?
The trailing earnings yield is 5.02% (1 ÷ P/E) and the forward earnings yield 8.62%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is TNGY more expensive than the S&P 500?
TNGY trades at 19.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 11.6 and 19.9.
What is the price-to-book ratio of TNGY?
The holdings of TNGY trade at 2.81 times book value, with a combined return on equity of 14.1%.
Which sector in TNGY has the highest P/E?
Industrials has the highest P/E at 32.1 and Energy the lowest at 19.6.