Abacus FCF Small Cap Leaders ETF (ABLS) Valuation
ABLS valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 20.9 trailing earnings
- Forward P/E
- 15.0 analyst estimates
- Price / sales
- 1.53
- Price / book
- 4.60
- EV / EBITDA
- 11.1
- Earnings yield
- 4.80% inverse of P/E
- Dividend yield
- 0.92% of the holdings
- Return on equity
- 22.1% combined
- Net margin
- 7.3% combined
- Beta
- 1.13 weighted, vs S&P 500
ABLS valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| ABLS | 20.9 | 15.0 | 1.53 | 4.60 | 0.92% | 22.1% | 7.3% | 8.8% |
| 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.
ABLS valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Healthcare | 29.9% | 19.3 | 16.6 | 1.05 | 3.25 | 0.00% | 16.8% |
| Technology | 24.4% | 47.1 | 26.0 | 4.38 | 14.48 | 0.00% | 30.7% |
| Financial Services | 18.8% | 13.9 | 10.6 | 2.49 | 3.99 | 3.02% | 28.8% |
| Industrials | 14.9% | 22.6 | 14.1 | 1.83 | 5.38 | 1.16% | 23.8% |
| Consumer Cyclical | 7.6% | 26.3 | 11.2 | 0.74 | 3.81 | 1.41% | 14.5% |
| Consumer Defensive | 1.7% | 13.0 | 30.5 | 0.96 | 2.17 | 1.20% | 16.7% |
| Basic Materials | 1.6% | 30.4 | 52.6 | 3.98 | 9.61 | 2.04% | 31.6% |
| Communication Services | 1.2% | 7.1 | 5.6 | 0.50 | 17.51 | 0.00% | 246.6% |
ABLS 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 ABLS weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
ABLS largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AGX | Argan, Inc. | 6.87% | 27.3 | 16.6 | 4.1 | 0.81% | 5.42% |
| OSCR | Oscar Health, Inc. | 5.69% | 24.7 | 588.2 | 0.6 | — | 4.96% |
| QLYS | Qualys, Inc. | 5.46% | 31.4 | 21.9 | 9.1 | — | 3.75% |
| APPN | Appian Corporation | 4.52% | — | 416.7 | 3.7 | — | −0.19% |
| HCSG | Healthcare Services Group, Inc. | 4.23% | 12.4 | 17.4 | 0.8 | — | 7.37% |
| ENVA | Enova International, Inc. | 4.04% | 13.3 | 8.3 | 2.6 | — | 6.56% |
| APAM | Artisan Partners Asset Management Inc. | 3.92% | 7.8 | 8.6 | 1.8 | 10.72% | 10.84% |
| HRMY | Harmony Biosciences Holdings, Inc. | 3.47% | 12.2 | 10.1 | 2.3 | — | 6.11% |
| KTB | Kontoor Brands, Inc. | 3.41% | 17.9 | 14.5 | 1.2 | 2.89% | 4.10% |
| CNS | Cohen & Steers, Inc. | 3.28% | 21.4 | 18.5 | 6.0 | 3.85% | 3.30% |
| WK | Workiva Inc. | 3.22% | 89.7 | — | 4.2 | — | 0.77% |
| AGYS | Agilysys, Inc. | 2.92% | 72.3 | 45.7 | 9.4 | — | 0.87% |
| PGNY | Progyny, Inc. | 2.55% | 29.2 | 11.8 | 1.6 | — | 1.88% |
| MD | Pediatrix Medical Group, Inc. | 2.49% | 13.1 | 9.3 | 1.1 | — | 4.10% |
| WRLD | World Acceptance Corporation | 2.39% | 21.6 | 9.6 | 1.4 | — | 2.38% |
| AMN | AMN Healthcare Services, Inc. | 2.10% | 15.1 | 18.0 | 0.5 | — | 2.99% |
| PRG | PROG Holdings, Inc. | 1.79% | 9.9 | 5.7 | 0.5 | 1.81% | 3.88% |
| XERS | Xeris Biopharma Holdings, Inc. | 1.77% | — | 36.9 | 5.6 | — | −0.37% |
| PJT | PJT Partners Inc. | 1.74% | 18.7 | 16.5 | 3.1 | 0.73% | 2.00% |
| NUTX | Nutex Health, Inc. | 1.63% | 7.4 | — | 1.5 | — | 4.78% |
| WDFC | WD-40 Company | 1.63% | 30.4 | 52.6 | 4.0 | 2.04% | 1.16% |
| TENB | Tenable Holdings, Inc. | 1.58% | 620.0 | 16.3 | 3.9 | — | 0.05% |
| SEZL | Sezzle Inc. | 1.58% | 28.0 | 17.1 | 8.1 | — | 1.21% |
| PCRX | Pacira BioSciences, Inc. | 1.52% | 103.8 | 6.2 | 1.9 | — | 0.31% |
| AUP | Aurinia Pharmaceuticals Inc | 1.51% | — | — | — | — | — |
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 ABLS valuation
Adding up its 47 holdings with company data, ABLS trades at 20.9 times trailing earnings and 15.0 times analysts' forward estimates, with a price-to-book ratio of 4.60 and a dividend yield of 0.92%. Its earnings yield of 4.80% is 0.53 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 44.9% of the fund and earn 52.2% of its combined profit. By sector, Technology is the most expensive at 47.1 times earnings and Communication Services the cheapest at 7.1. Companies that lost money over the past year are 8.8% 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 96.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: ABLS chart, ABLS performance, ABLS holdings, ABLS dividends.
ABLS valuation FAQ
What is the P/E ratio of ABLS?
Based on its holdings, ABLS has a trailing P/E of 20.9 and a forward P/E of 15.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of ABLS?
The trailing earnings yield is 4.80% (1 ÷ P/E) and the forward earnings yield 6.68%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is ABLS more expensive than the S&P 500?
ABLS trades at 20.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 15.0 and 19.9.
What is the price-to-book ratio of ABLS?
The holdings of ABLS trade at 4.60 times book value, with a combined return on equity of 22.1%.
Which sector in ABLS has the highest P/E?
Technology has the highest P/E at 47.1 and Communication Services the lowest at 7.1.