Pacer American Energy Independence ETF (USAI) Valuation
USAI valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 15.5 trailing earnings
- Forward P/E
- 14.2 analyst estimates
- Price / sales
- 1.91
- Price / book
- 2.77
- EV / EBITDA
- 8.6
- Earnings yield
- 6.45% inverse of P/E
- Dividend yield
- 3.24% of the holdings
- Return on equity
- 17.9% combined
- Net margin
- 12.3% combined
- Beta
- 0.56 weighted, vs S&P 500
USAI valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| USAI | 15.5 | 14.2 | 1.91 | 2.77 | 3.24% | 17.9% | 12.3% | 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.
USAI valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Energy | 87.6% | 15.5 | 14.2 | 1.91 | 2.77 | 3.24% | 17.9% |
USAI 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 USAI weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
USAI largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| LNG | Cheniere Energy, Inc. | 7.91% | 21.9 | 13.5 | 2.9 | 0.77% | 8.96% |
| TRP | TC Energy Corp | 7.55% | — | — | — | — | — |
| ENB | Enbridge Inc | 7.23% | — | — | — | — | — |
| EPD | Enterprise Products Partners L.P. | 6.96% | 12.8 | 11.9 | 1.4 | 6.08% | 13.50% |
| WMB | The Williams Companies, Inc. | 6.86% | 28.4 | 26.8 | 7.1 | 2.95% | 6.00% |
| KMI | Kinder Morgan, Inc. | 4.50% | 22.1 | 20.0 | 4.2 | 3.45% | 5.06% |
| EQT | EQT Corporation | 4.40% | 12.6 | 14.1 | 3.7 | 1.25% | 8.66% |
| TRGP | Targa Resources Corp. | 4.20% | 28.2 | 23.2 | 3.8 | 1.70% | 3.69% |
| VG | Venture Global, Inc. | 4.09% | 10.0 | 14.4 | 1.9 | 1.26% | 10.13% |
| PPL | Pembina Pipeline Corp | 3.76% | — | — | — | — | — |
| NEXT | NextDecade Corporation | 3.36% | — | — | — | — | — |
| MPLX | MPLX LP | 3.16% | 12.5 | 12.2 | 4.9 | 7.40% | 6.26% |
| EXE | Expand Energy Corporation | 3.07% | 8.1 | 9.6 | 1.8 | 2.46% | 9.47% |
| DTM | DT Midstream, Inc. | 2.12% | 27.1 | 22.1 | 9.6 | 2.85% | 1.95% |
| KEY | Keyera Corp. | 1.93% | — | — | — | — | — |
| WES | Western Midstream Partners, LP | 1.77% | 14.1 | 11.3 | 4.3 | 8.34% | 3.11% |
| AR | Antero Resources Corporation | 1.71% | 11.1 | 9.0 | 2.1 | — | 3.81% |
| SOBO | South Bow Corporation | 1.46% | 15.8 | 17.5 | 3.6 | 5.77% | 2.29% |
| RRC | Range Resources Corporation | 1.43% | 11.9 | 10.0 | 3.1 | 0.93% | 2.98% |
| AM | Antero Midstream Corporation | 1.42% | 24.9 | 12.9 | 7.5 | 4.36% | 1.42% |
| PAGP | Plains GP Holdings, L.P. | 1.37% | 62.4 | 12.1 | 0.1 | 6.08% | 0.55% |
| AROC | Archrock, Inc. | 1.22% | 15.9 | 14.3 | 3.4 | 3.11% | 1.90% |
| GEI | Gibson Energy Inc. | 1.21% | — | — | — | — | — |
| KNTK | Kinetik Holdings Inc. | 1.20% | 19.3 | 21.4 | 5.0 | 5.86% | 1.53% |
| US50012A1088 | KODIAK GAS SERVICES INC | 1.04% | — | — | — | — | — |
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 USAI valuation
Adding up its 25 holdings with company data, USAI trades at 15.5 times trailing earnings and 14.2 times analysts' forward estimates, with a price-to-book ratio of 2.77 and a dividend yield of 3.24%. Its earnings yield of 6.45% is 1.12 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 57.5% of the fund and earn 73.7% of its combined profit. 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 70.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: USAI chart, USAI performance, USAI holdings, USAI dividends.
USAI valuation FAQ
What is the P/E ratio of USAI?
Based on its holdings, USAI has a trailing P/E of 15.5 and a forward P/E of 14.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of USAI?
The trailing earnings yield is 6.45% (1 ÷ P/E) and the forward earnings yield 7.04%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is USAI more expensive than the S&P 500?
USAI trades at 15.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 14.2 and 19.9.
What is the price-to-book ratio of USAI?
The holdings of USAI trade at 2.77 times book value, with a combined return on equity of 17.9%.