First Trust Active Factor Mid Cap ETF (AFMC) Valuation
AFMC valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 20.8 trailing earnings
- Forward P/E
- 12.7 analyst estimates
- Price / sales
- 1.19
- Price / book
- 2.46
- EV / EBITDA
- 10.2
- Earnings yield
- 4.81% inverse of P/E
- Dividend yield
- 1.36% of the holdings
- Return on equity
- 11.9% combined
- Net margin
- 5.7% combined
- Beta
- 0.99 weighted, vs S&P 500
AFMC valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| AFMC | 20.8 | 12.7 | 1.19 | 2.46 | 1.36% | 11.9% | 5.7% | 6.6% |
| 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.
AFMC valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 19.0% | 37.9 | 12.4 | 0.98 | 3.14 | 0.41% | 8.3% |
| Industrials | 18.9% | 22.5 | 18.1 | 1.36 | 3.64 | 1.17% | 16.1% |
| Consumer Cyclical | 14.7% | 15.2 | 11.3 | 0.91 | 2.90 | 1.26% | 19.1% |
| Financial Services | 14.1% | 11.0 | 9.5 | 2.27 | 1.53 | 2.03% | 14.0% |
| Healthcare | 10.9% | 39.7 | 14.9 | 1.38 | 4.62 | 0.10% | 11.6% |
| Energy | 6.0% | 11.3 | 10.7 | 1.14 | 1.69 | 1.90% | 15.0% |
| Real Estate | 5.9% | 25.2 | 18.1 | 2.02 | 1.70 | 4.97% | 6.7% |
| Basic Materials | 5.1% | 15.4 | 11.6 | 1.18 | 2.38 | 1.52% | 15.4% |
| Consumer Defensive | 2.6% | n/m | 9.9 | 0.42 | 1.42 | 2.18% | −12.5% |
| Communication Services | 1.6% | 1,440.0 | 14.1 | 2.20 | 1.41 | 0.41% | 0.1% |
| Utilities | 0.7% | 12.8 | 7.7 | 1.13 | 1.52 | 3.90% | 11.9% |
AFMC 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 AFMC weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
AFMC largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| RS | Reliance Steel & Aluminum Co. | 1.69% | 23.9 | 16.4 | 1.3 | 1.22% | 1.49% |
| DINO | HF Sinclair Corporation | 1.52% | 11.9 | 10.0 | 0.7 | 1.68% | 2.68% |
| MATX | Matson, Inc. | 1.38% | 15.8 | 19.2 | 2.0 | 0.65% | 1.84% |
| EXEL | Exelixis, Inc. | 1.17% | 19.6 | 13.6 | 6.3 | — | 1.25% |
| CASY | Casey's General Stores, Inc. | 1.13% | 33.2 | 29.1 | 1.4 | 0.38% | 0.72% |
| HALO | Halozyme Therapeutics, Inc. | 1.11% | 35.6 | 11.5 | 8.3 | — | 0.66% |
| BWA | BorgWarner Inc. | 1.10% | 29.1 | 11.9 | 0.8 | 1.17% | 0.79% |
| CHRD | Chord Energy Corporation | 1.08% | 10.4 | — | 1.4 | 3.36% | 2.18% |
| RNR | RenaissanceRe Holdings Ltd. | 1.08% | 6.1 | 8.1 | 1.3 | 0.47% | 3.74% |
| APA | APA Corporation | 1.03% | 10.4 | 9.4 | 2.0 | 2.03% | 2.09% |
| APLE | Apple Hospitality REIT, Inc. | 1.01% | 23.0 | 23.5 | 2.8 | 5.63% | 0.92% |
| MLI | Mueller Industries, Inc. | 1.00% | 15.6 | 18.2 | 2.9 | 1.17% | 1.35% |
| FHI | Federated Hermes, Inc. | 1.00% | 10.4 | 9.9 | 2.2 | 2.57% | 2.01% |
| ANF | Abercrombie & Fitch Co. | 0.98% | 13.2 | 10.0 | 1.2 | — | 1.56% |
| AMG | Affiliated Managers Group, Inc. | 0.97% | 13.4 | 8.8 | 4.4 | 0.01% | 1.51% |
| MSM | MSC Industrial Direct Co., Inc. | 0.96% | 31.5 | 23.5 | 1.9 | 2.73% | 0.64% |
| FTI | TechnipFMC plc | 0.95% | 24.3 | 21.3 | 2.6 | 0.29% | 0.82% |
| HRB | H&R Block, Inc. | 0.94% | 8.6 | 6.8 | 1.5 | 3.78% | 2.32% |
| SNX | TD SYNNEX Corporation | 0.89% | 15.0 | 12.7 | 0.3 | 0.78% | 1.25% |
| ENS | EnerSys | 0.89% | 18.1 | 14.2 | 1.6 | 0.68% | 1.03% |
| NFG | National Fuel Gas Company | 0.87% | 11.1 | 9.8 | 3.0 | 2.78% | 1.64% |
| NTCT | NetScout Systems, Inc. | 0.86% | 23.4 | 15.2 | 3.1 | — | 0.78% |
| ATI | ATI Inc. | 0.84% | 54.4 | 28.8 | 5.4 | — | 0.33% |
| ACT | Enact Holdings, Inc. | 0.83% | 9.8 | 9.2 | 5.1 | 2.07% | 1.78% |
| BPOP | Popular, Inc. | 0.82% | 10.7 | 9.7 | 3.3 | 2.27% | 1.61% |
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 AFMC valuation
Adding up its 263 holdings with company data, AFMC trades at 20.8 times trailing earnings and 12.7 times analysts' forward estimates, with a price-to-book ratio of 2.46 and a dividend yield of 1.36%. Its earnings yield of 4.81% is 0.52 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 12.3% of the fund and earn 17.4% of its combined profit. By sector, Communication Services is the most expensive at 1,440.0 times earnings and Financial Services the cheapest at 11.0. Companies that lost money over the past year are 6.6% 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 99.1% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: AFMC chart, AFMC performance, AFMC holdings, AFMC dividends.
AFMC valuation FAQ
What is the P/E ratio of AFMC?
Based on its holdings, AFMC has a trailing P/E of 20.8 and a forward P/E of 12.7 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of AFMC?
The trailing earnings yield is 4.81% (1 ÷ P/E) and the forward earnings yield 7.90%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is AFMC more expensive than the S&P 500?
AFMC trades at 20.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 12.7 and 19.9.
What is the price-to-book ratio of AFMC?
The holdings of AFMC trade at 2.46 times book value, with a combined return on equity of 11.9%.
Which sector in AFMC has the highest P/E?
Communication Services has the highest P/E at 1,440.0 and Financial Services the lowest at 11.0.