Baron Financials ETF (BCFN) Valuation
BCFN valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 22.5 trailing earnings
- Forward P/E
- 16.5 analyst estimates
- Price / sales
- 3.94
- Price / book
- 4.02
- EV / EBITDA
- 8.8
- Earnings yield
- 4.45% inverse of P/E
- Dividend yield
- 1.05% of the holdings
- Return on equity
- 17.9% combined
- Net margin
- 17.5% combined
- Beta
- 1.10 weighted, vs S&P 500
BCFN valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| BCFN | 22.5 | 16.5 | 3.94 | 4.02 | 1.05% | 17.9% | 17.5% | 1.4% |
| 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.
BCFN valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 82.1% | 20.8 | 15.6 | 3.86 | 3.72 | 1.15% | 17.9% |
| Technology | 9.1% | 49.7 | 25.3 | 5.48 | 6.08 | 0.36% | 12.2% |
| Industrials | 2.9% | 29.1 | 18.9 | 5.57 | 14.52 | 1.14% | 49.9% |
| Consumer Cyclical | 2.9% | 50.5 | 32.8 | 2.64 | 11.82 | 0.00% | 23.4% |
BCFN 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 BCFN weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
BCFN largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| V | Visa Inc. | 6.75% | 34.3 | 24.0 | 17.0 | 0.67% | 4.63% |
| MA | Mastercard Incorporated | 6.60% | 34.0 | 24.2 | 15.4 | 0.56% | 4.56% |
| JPM | JPMorgan Chase & Co. | 4.84% | 14.2 | 13.5 | 4.7 | 1.94% | 7.98% |
| BAC | Bank of America Corporation | 4.37% | 12.2 | 10.8 | 3.1 | 2.50% | 8.40% |
| SCHW | The Charles Schwab Corporation | 3.98% | 15.7 | 12.9 | 5.9 | 1.39% | 5.95% |
| SPGI | S&P Global Inc. | 3.85% | 26.1 | 19.9 | 7.9 | 0.90% | 3.46% |
| MCO | Moody's Corporation | 3.75% | 30.8 | 24.3 | 10.3 | 0.85% | 2.86% |
| LPLA | LPL Financial Holdings Inc. | 3.67% | 25.5 | 10.9 | 1.3 | 0.37% | 3.37% |
| IBKR | Interactive Brokers Group, Inc. | 3.65% | 31.6 | 28.2 | 20.0 | 0.42% | 2.72% |
| MS | Morgan Stanley | 3.52% | 14.3 | 14.9 | 3.6 | 2.55% | 5.77% |
| MSCI | MSCI Inc. | 3.44% | 31.1 | 24.7 | 12.4 | 1.44% | 2.60% |
| BLK | BlackRock, Inc. | 3.28% | 25.8 | 16.4 | 6.5 | 2.02% | 2.98% |
| CME | CME Group Inc. | 3.16% | 24.9 | 21.9 | 15.6 | 1.77% | 2.98% |
| KKR | KKR & Co. Inc. | 2.97% | 27.5 | 13.0 | 3.1 | 0.90% | 2.54% |
| MELI | MercadoLibre, Inc. | 2.88% | 50.5 | 32.8 | 2.6 | — | 1.34% |
| R1D | AERCAP HOLD | 2.63% | — | — | — | — | — |
| COF | Capital One Financial Corporation | 2.53% | 13.0 | 8.5 | 2.6 | 1.59% | 4.58% |
| APO | Apollo Global Management, Inc. | 2.45% | 39.7 | 11.7 | 1.8 | 2.03% | 1.45% |
| AXP | American Express Company | 2.26% | 19.0 | 15.1 | 3.0 | 1.21% | 2.79% |
| VRSK | Verisk Analytics, Inc. | 2.20% | 29.3 | 20.1 | 8.0 | 1.05% | 1.77% |
| SHOP | Shopify Inc. | 2.10% | 114.5 | 58.8 | 16.6 | — | 0.43% |
| TW | Tradeweb Markets Inc. | 2.05% | 27.2 | 26.0 | 11.1 | 0.49% | 1.77% |
| ACGL | Arch Capital Group Ltd. | 2.03% | 7.9 | 9.6 | 1.8 | — | 6.02% |
| XP | XP Inc. | 1.94% | 15.3 | 8.5 | 0.8 | 0.68% | 2.98% |
| NU | Nu Holdings Ltd. | 1.83% | 19.9 | 14.8 | 8.3 | — | 2.16% |
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 BCFN valuation
Adding up its 39 holdings with company data, BCFN trades at 22.5 times trailing earnings and 16.5 times analysts' forward estimates, with a price-to-book ratio of 4.02 and a dividend yield of 1.05%. Its earnings yield of 4.45% is 0.87 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 45.0% of the fund and earn 49.7% of its combined profit. By sector, Consumer Cyclical is the most expensive at 50.5 times earnings and Financial Services the cheapest at 20.8. Companies that lost money over the past year are 1.4% 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 95.8% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: BCFN chart, BCFN holdings.
BCFN valuation FAQ
What is the P/E ratio of BCFN?
Based on its holdings, BCFN has a trailing P/E of 22.5 and a forward P/E of 16.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of BCFN?
The trailing earnings yield is 4.45% (1 ÷ P/E) and the forward earnings yield 6.06%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is BCFN more expensive than the S&P 500?
BCFN trades at 22.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 16.5 and 19.9.
What is the price-to-book ratio of BCFN?
The holdings of BCFN trade at 4.02 times book value, with a combined return on equity of 17.9%.
Which sector in BCFN has the highest P/E?
Consumer Cyclical has the highest P/E at 50.5 and Financial Services the lowest at 20.8.