Virtus Real Asset Income ETF (VRAI) Valuation
VRAI valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 27.5 trailing earnings
- Forward P/E
- 14.2 analyst estimates
- Price / sales
- 0.03
- Price / book
- 1.53
- EV / EBITDA
- 8.5
- Earnings yield
- 3.64% inverse of P/E
- Dividend yield
- 4.38% of the holdings
- Return on equity
- 5.6% combined
- Net margin
- 0.1% combined
- Beta
- 0.72 weighted, vs S&P 500
VRAI valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| VRAI | 27.5 | 14.2 | 0.03 | 1.53 | 4.38% | 5.6% | 0.1% | 16.0% |
| 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.
VRAI valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Energy | 35.6% | 30.2 | 10.1 | 1.04 | 1.56 | 3.87% | 5.1% |
| Real Estate | 31.6% | 31.9 | 25.3 | 3.72 | 1.57 | 5.24% | 4.9% |
| Utilities | 16.7% | 14.1 | 13.8 | 1.06 | 1.66 | 3.98% | 11.8% |
| Basic Materials | 6.7% | n/m | 11.4 | 0.62 | 1.36 | 3.96% | −2.7% |
| Communication Services | 2.9% | 9.7 | 16.3 | 0.00 | 0.70 | 3.26% | 7.3% |
| Technology | 1.0% | 15.4 | 20.5 | 2.51 | 4.75 | 4.03% | 30.9% |
| Consumer Defensive | 0.9% | 51.7 | 19.8 | 1.18 | 1.30 | 3.85% | 2.5% |
VRAI 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 VRAI weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
VRAI largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| HPK | HighPeak Energy, Inc. | 1.66% | — | 10.6 | 1.5 | — | −3.46% |
| MUR | Murphy Oil Corporation | 1.39% | 20.7 | 13.4 | 2.0 | 3.35% | 2.11% |
| OVV | Ovintiv Inc. | 1.38% | 19.3 | 9.0 | 2.0 | 1.73% | 2.25% |
| YZ8 | Permian Resources Corporation | 1.34% | — | — | — | — | — |
| APA | APA Corporation | 1.32% | 10.4 | 9.4 | 2.0 | 2.03% | 3.99% |
| SM | SM Energy Company | 1.31% | 7.0 | 4.4 | 1.9 | 2.23% | 5.89% |
| INN | Summit Hotel Properties, Inc. | 1.30% | — | 40.7 | 1.0 | 4.89% | −1.38% |
| MTDR | Matador Resources Company | 1.30% | 9.9 | 5.5 | 1.9 | 2.61% | 4.14% |
| NOG | Northern Oil and Gas, Inc. | 1.29% | — | 4.6 | 1.4 | 6.63% | −7.24% |
| APLE | Apple Hospitality REIT, Inc. | 1.28% | 23.0 | 23.5 | 2.8 | 5.63% | 1.74% |
| CNQ | Canadian Natural Resources Ltd | 1.26% | — | — | — | — | — |
| L3H | SHELL PLC WI ADR/2 | 1.26% | — | — | — | — | — |
| BP | BP p.l.c. | 1.24% | 24.5 | 9.8 | 0.6 | 4.02% | 1.59% |
| HST | Host Hotels & Resorts, Inc. | 1.23% | 16.2 | 22.2 | 2.7 | 3.34% | 2.40% |
| EGY | VAALCO Energy, Inc. | 1.22% | — | 8.3 | 1.9 | 4.03% | −6.47% |
| SHO | Sunstone Hotel Investors, Inc. | 1.22% | 56.3 | 555.6 | 2.2 | 3.04% | 0.68% |
| WEC | WEC Energy Group, Inc. | 1.19% | 21.1 | 16.9 | 3.5 | 3.50% | 1.78% |
| DINO | HF Sinclair Corporation | 1.19% | 11.9 | 10.0 | 0.7 | 1.68% | 3.14% |
| XHR | Xenia Hotels & Resorts, Inc. | 1.19% | — | 63.3 | 1.7 | 2.96% | −0.13% |
| CVE | Cenovus Energy Inc | 1.18% | — | — | — | — | — |
| PAA | Plains All American Pipeline, L.P. | 1.17% | 21.8 | 13.1 | 0.3 | 6.61% | 1.69% |
| BIP-UN | Brookfield Infrastructure Partners L.P | 1.16% | — | — | — | — | — |
| KNTK | Kinetik Holdings Inc. | 1.16% | 19.3 | 21.4 | 5.0 | 5.86% | 1.89% |
| AEE | Ameren Corporation | 1.16% | 18.7 | 17.5 | 3.5 | 2.83% | 1.95% |
| KIM | Kimco Realty Corporation | 1.15% | 27.0 | 27.5 | 7.0 | 4.89% | 1.34% |
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 VRAI valuation
Adding up its 79 holdings with company data, VRAI trades at 27.5 times trailing earnings and 14.2 times analysts' forward estimates, with a price-to-book ratio of 1.53 and a dividend yield of 4.38%. Its earnings yield of 3.64% is 1.69 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 13.5% of the fund and earn 9.6% of its combined profit. By sector, Consumer Defensive is the most expensive at 51.7 times earnings and Communication Services the cheapest at 9.7. Companies that lost money over the past year are 16.0% 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 90.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: VRAI chart, VRAI performance, VRAI holdings, VRAI dividends.
VRAI valuation FAQ
What is the P/E ratio of VRAI?
Based on its holdings, VRAI has a trailing P/E of 27.5 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 VRAI?
The trailing earnings yield is 3.64% (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 VRAI more expensive than the S&P 500?
VRAI trades at 27.5 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 VRAI?
The holdings of VRAI trade at 1.53 times book value, with a combined return on equity of 5.6%.
Which sector in VRAI has the highest P/E?
Consumer Defensive has the highest P/E at 51.7 and Communication Services the lowest at 9.7.