Truth Social American Energy Security ETF (TSES) Valuation
TSES valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 22.3 trailing earnings
- Forward P/E
- 14.5 analyst estimates
- Price / sales
- 2.21
- Price / book
- 2.84
- EV / EBITDA
- 10.5
- Earnings yield
- 4.48% inverse of P/E
- Dividend yield
- 2.03% of the holdings
- Return on equity
- 12.7% combined
- Net margin
- 9.9% combined
- Beta
- 0.69 weighted, vs S&P 500
TSES valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| TSES | 22.3 | 14.5 | 2.21 | 2.84 | 2.03% | 12.7% | 9.9% | 0.5% |
| 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.
TSES valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Energy | 53.1% | 19.4 | 12.1 | 1.79 | 2.66 | 2.14% | 13.7% |
| Utilities | 26.9% | 19.3 | 15.4 | 2.66 | 2.14 | 2.86% | 11.1% |
| Industrials | 18.2% | 70.0 | 29.0 | 3.94 | 9.26 | 0.48% | 13.2% |
| Technology | 0.1% | 16.6 | 13.3 | 1.68 | 2.37 | 0.00% | 14.3% |
TSES 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 TSES weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
TSES largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| XOM | Exxon Mobil Corporation | 8.52% | 23.0 | 14.8 | 2.0 | 2.30% | 8.41% |
| CVX | Chevron Corporation | 8.01% | 21.2 | 15.2 | 2.1 | 3.16% | 8.58% |
| COP | ConocoPhillips | 6.07% | 19.4 | 12.7 | 2.7 | 2.29% | 7.11% |
| ETN | Eaton Corporation plc | 4.98% | 39.8 | 27.6 | 5.1 | 1.12% | 2.84% |
| MPC | Marathon Petroleum Corporation | 4.16% | 16.6 | 5.5 | 0.9 | 0.84% | 5.72% |
| VLO | Valero Energy Corporation | 4.00% | 18.5 | 10.2 | 1.0 | 1.08% | 4.91% |
| PSX | Phillips 66 | 3.69% | 16.8 | 9.7 | 0.8 | 1.81% | 5.01% |
| GEV | GE Vernova Inc. | 3.43% | 26.4 | 38.8 | 5.9 | 0.22% | 2.95% |
| NEE | NextEra Energy, Inc. | 3.10% | 17.9 | 17.7 | 5.8 | 3.12% | 3.93% |
| SO | The Southern Company | 3.06% | 22.0 | 17.0 | 3.5 | 3.33% | 3.16% |
| DUK | Duke Energy Corporation | 3.01% | 18.3 | 15.9 | 2.9 | 3.57% | 3.74% |
| PWR | Quanta Services, Inc. | 2.99% | 72.4 | 33.0 | 2.9 | 0.07% | 0.94% |
| CEG | Constellation Energy Corporation | 2.94% | 26.5 | 20.7 | 3.1 | 0.63% | 2.52% |
| WMB | The Williams Companies, Inc. | 2.79% | 28.4 | 26.8 | 7.1 | 2.95% | 2.23% |
| AEP | American Electric Power Company, Inc. | 2.29% | 22.0 | 17.2 | 3.0 | 2.99% | 2.37% |
| EOG | EOG Resources, Inc. | 2.12% | 12.3 | 10.1 | 3.1 | 2.58% | 3.93% |
| LNG | Cheniere Energy, Inc. | 2.12% | 21.9 | 13.5 | 2.9 | 0.77% | 2.20% |
| KMI | Kinder Morgan, Inc. | 2.11% | 22.1 | 20.0 | 4.2 | 3.45% | 2.17% |
| BE | Bloom Energy Corporation | 2.05% | 291.2 | 57.1 | 20.9 | — | 0.16% |
| DVN | Devon Energy Corporation | 1.77% | 11.1 | 9.3 | 3.0 | 2.52% | 3.64% |
| TRGP | Targa Resources Corp. | 1.72% | 28.2 | 23.2 | 3.8 | 1.70% | 1.39% |
| ETR | Entergy Corporation | 1.48% | 26.9 | 19.6 | 3.7 | 2.44% | 1.25% |
| VST | Vistra Corp. | 1.47% | 25.6 | 13.3 | 2.7 | 0.61% | 1.31% |
| XEL | Xcel Energy Inc. | 1.47% | 20.9 | 16.0 | 3.3 | 3.11% | 1.60% |
| D | Dominion Energy, Inc. | 1.42% | 22.0 | 15.9 | 3.1 | 4.20% | 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 TSES valuation
Adding up its 67 holdings with company data, TSES trades at 22.3 times trailing earnings and 14.5 times analysts' forward estimates, with a price-to-book ratio of 2.84 and a dividend yield of 2.03%. Its earnings yield of 4.48% is 0.85 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 49.0% of the fund and earn 52.6% of its combined profit. By sector, Industrials is the most expensive at 70.0 times earnings and Technology the cheapest at 16.6. Companies that lost money over the past year are 0.5% 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 99.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: TSES chart, TSES holdings, TSES dividends.
TSES valuation FAQ
What is the P/E ratio of TSES?
Based on its holdings, TSES has a trailing P/E of 22.3 and a forward P/E of 14.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of TSES?
The trailing earnings yield is 4.48% (1 ÷ P/E) and the forward earnings yield 6.91%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is TSES more expensive than the S&P 500?
TSES trades at 22.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 14.5 and 19.9.
What is the price-to-book ratio of TSES?
The holdings of TSES trade at 2.84 times book value, with a combined return on equity of 12.7%.
Which sector in TSES has the highest P/E?
Industrials has the highest P/E at 70.0 and Technology the lowest at 16.6.