Alger 35 ETF (ATFV) Valuation
ATFV valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 34.5 trailing earnings
- Forward P/E
- 27.7 analyst estimates
- Price / sales
- 4.54
- Price / book
- 9.34
- EV / EBITDA
- 20.6
- Earnings yield
- 2.90% inverse of P/E
- Dividend yield
- 0.38% of the holdings
- Return on equity
- 27.0% combined
- Net margin
- 13.1% combined
- Beta
- 1.49 weighted, vs S&P 500
ATFV valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| ATFV | 34.5 | 27.7 | 4.54 | 9.34 | 0.38% | 27.0% | 13.1% | 14.5% |
| 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.
ATFV valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 51.9% | 39.6 | 29.4 | 4.64 | 14.87 | 0.36% | 37.6% |
| Communication Services | 19.4% | 24.9 | 24.2 | 7.64 | 7.89 | 0.19% | 31.6% |
| Consumer Cyclical | 12.2% | 20.1 | 23.0 | 2.17 | 4.88 | 0.37% | 24.3% |
| Healthcare | 9.6% | 75.4 | 30.5 | 7.45 | 8.43 | 0.62% | 11.2% |
| Industrials | 4.4% | 50.1 | 58.9 | 9.78 | 18.27 | 0.13% | 36.4% |
| Financial Services | 1.3% | 12.7 | 12.8 | 3.61 | 2.52 | 2.27% | 19.9% |
| Utilities | 0.6% | n/m | — | 9,145.22 | 1.73 | 0.00% | −21.9% |
ATFV 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 ATFV weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
ATFV largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 14.38% | 27.1 | 24.9 | 17.1 | 0.47% | 19.68% |
| AMZN | Amazon.com, Inc. | 7.15% | 20.1 | 23.6 | 3.5 | — | 13.17% |
| MSFT | Microsoft Corporation | 7.10% | 29.5 | 25.1 | 11.8 | 0.74% | 8.92% |
| GOOGL | Alphabet Inc. | 6.73% | 17.1 | 22.8 | 9.3 | 0.26% | 14.58% |
| YNDX | Yandex NV | 5.24% | — | — | — | — | — |
| WDC | Western Digital Corporation | 4.73% | 12.3 | 22.8 | 9.6 | 0.18% | 14.22% |
| AAPL | Apple Inc. | 3.22% | 39.4 | 35.2 | 10.7 | 0.31% | 3.03% |
| TMO | Thermo Fisher Scientific Inc. | 3.18% | 37.1 | 24.2 | 5.5 | 0.27% | 3.17% |
| TSM | Taiwan Semiconductor Manufacturing Company Limited | 3.18% | 26.7 | 21.4 | 0.4 | 0.91% | 4.40% |
| CRWD | CrowdStrike Holdings, Inc. | 3.05% | — | 208.3 | 43.1 | — | 0.03% |
| META | Meta Platforms, Inc. | 2.91% | 26.7 | 22.1 | 7.9 | 0.30% | 4.04% |
| NTRA | Natera, Inc. | 2.65% | — | — | 20.9 | — | −0.34% |
| GEV | GE Vernova Inc. | 2.55% | 26.4 | 38.8 | 5.9 | 0.22% | 3.58% |
| SPOT | Spotify Technology S.A | 2.49% | 30.5 | 28.6 | 6.0 | — | 3.03% |
| SNOW | Snowflake Inc. | 2.33% | — | 169.5 | 19.9 | — | −0.90% |
| TWLO | Twilio Inc | 2.29% | 33.8 | 43.7 | 6.7 | — | 2.51% |
| MRK | Merck & Co., Inc. | 2.20% | 115.8 | 15.3 | 5.4 | 2.33% | 0.70% |
| LITE | Lumentum Holdings Inc. | 2.10% | — | 42.9 | 24.8 | — | −8.76% |
| TSLA | Tesla, Inc. | 2.06% | 328.4 | 158.7 | 13.5 | — | 0.23% |
| AVGO | Broadcom Inc. | 2.03% | 43.3 | 19.4 | 17.6 | 0.79% | 1.74% |
| TTWO | Take-Two Interactive Software, Inc. | 2.01% | — | 28.2 | 5.7 | — | −0.63% |
| ANET | Arista Networks, Inc. | 1.98% | 55.8 | 39.2 | 21.2 | — | 1.31% |
| ZS | Zscaler, Inc. | 1.93% | — | 43.9 | 10.1 | — | −0.13% |
| SPCX | Space Exploration Technologies Corp. | 1.88% | — | 200.0 | 83.5 | — | −0.31% |
| ALAB | Astera Labs, Inc. | 1.59% | 140.8 | 55.6 | 41.3 | — | 0.42% |
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 ATFV valuation
Adding up its 30 holdings with company data, ATFV trades at 34.5 times trailing earnings and 27.7 times analysts' forward estimates, with a price-to-book ratio of 9.34 and a dividend yield of 0.38%. Its earnings yield of 2.90% is 2.43 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 58.0% of the fund and earn 85.2% of its combined profit. By sector, Healthcare is the most expensive at 75.4 times earnings and Financial Services the cheapest at 12.7. Companies that lost money over the past year are 14.5% 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 93.8% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: ATFV chart, ATFV performance, ATFV holdings, ATFV dividends.
ATFV valuation FAQ
What is the P/E ratio of ATFV?
Based on its holdings, ATFV has a trailing P/E of 34.5 and a forward P/E of 27.7 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of ATFV?
The trailing earnings yield is 2.90% (1 ÷ P/E) and the forward earnings yield 3.61%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is ATFV more expensive than the S&P 500?
ATFV trades at 34.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 27.7 and 19.9.
What is the price-to-book ratio of ATFV?
The holdings of ATFV trade at 9.34 times book value, with a combined return on equity of 27.0%.
Which sector in ATFV has the highest P/E?
Healthcare has the highest P/E at 75.4 and Financial Services the lowest at 12.7.