First Trust Dow 30 Equal Weight ETF (EDOW) Valuation
EDOW valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 22.2 trailing earnings
- Forward P/E
- 19.1 analyst estimates
- Price / sales
- 2.88
- Price / book
- 5.62
- EV / EBITDA
- 14.8
- Earnings yield
- 4.51% inverse of P/E
- Dividend yield
- 1.65% of the holdings
- Return on equity
- 25.3% combined
- Net margin
- 13.0% combined
- Beta
- 0.90 weighted, vs S&P 500
EDOW valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| EDOW | 22.2 | 19.1 | 2.88 | 5.62 | 1.65% | 25.3% | 13.0% | 0.0% |
| 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.
EDOW valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 19.6% | 27.2 | 20.9 | 6.45 | 9.09 | 1.11% | 33.4% |
| Financial Services | 16.6% | 15.4 | 14.2 | 3.31 | 3.44 | 1.42% | 22.3% |
| Healthcare | 13.7% | 35.5 | 17.1 | 2.22 | 6.71 | 2.27% | 18.9% |
| Consumer Cyclical | 13.0% | 19.7 | 20.1 | 2.14 | 7.24 | 2.68% | 36.7% |
| Industrials | 12.6% | 18.2 | 24.5 | 2.32 | 9.49 | 1.07% | 52.1% |
| Consumer Defensive | 11.0% | 29.9 | 26.5 | 2.59 | 8.20 | 1.94% | 27.4% |
| Communication Services | 6.6% | 19.7 | 17.0 | 3.09 | 2.54 | 0.84% | 12.9% |
| Basic Materials | 3.6% | 30.9 | 23.8 | 3.33 | 20.56 | 0.95% | 66.5% |
| Energy | 3.3% | 21.2 | 15.2 | 2.11 | 2.12 | 3.16% | 10.0% |
EDOW 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 EDOW weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
EDOW largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| PG | The Procter & Gamble Company | 3.90% | 24.1 | 21.2 | 4.3 | 2.73% | 3.60% |
| TRV | The Travelers Companies, Inc. | 3.74% | 10.5 | 10.8 | 1.7 | 1.28% | 7.93% |
| WMT | Walmart Inc. | 3.72% | 43.0 | 38.0 | 1.3 | 0.83% | 1.92% |
| AAPL | Apple Inc. | 3.71% | 39.4 | 35.2 | 10.7 | 0.31% | 2.09% |
| V | Visa Inc. | 3.63% | 34.3 | 24.0 | 17.0 | 0.67% | 2.35% |
| AMGN | Amgen Inc. | 3.62% | 26.9 | 16.7 | 6.1 | 2.33% | 2.99% |
| SHW | The Sherwin-Williams Company | 3.61% | 30.9 | 23.8 | 3.3 | 0.95% | 2.59% |
| UNH | UnitedHealth Group Incorporated | 3.55% | 25.8 | 16.6 | 0.8 | 2.31% | 3.05% |
| DIS | The Walt Disney Company | 3.49% | 22.8 | 13.8 | 1.9 | 1.36% | 3.40% |
| HON | Honeywell International Inc. | 3.46% | 7.8 | 22.2 | 1.8 | 1.32% | 9.86% |
| CRM | Salesforce, Inc. | 3.40% | 22.0 | 14.0 | 4.5 | 0.73% | 3.43% |
| HD | The Home Depot, Inc. | 3.39% | 21.5 | 19.8 | 1.8 | 3.01% | 3.50% |
| AXP | American Express Company | 3.37% | 19.0 | 15.1 | 3.0 | 1.21% | 3.93% |
| NKE | NIKE, Inc. | 3.35% | 17.9 | 21.0 | 1.2 | 4.42% | 4.17% |
| KO | The Coca-Cola Company | 3.35% | 28.2 | 25.3 | 8.1 | 2.26% | 2.64% |
| MMM | 3M Company | 3.32% | 29.3 | 17.8 | 3.4 | 1.89% | 2.52% |
| JNJ | Johnson & Johnson | 3.30% | 38.8 | 21.0 | 6.2 | 2.10% | 1.89% |
| IBM | International Business Machines Corporation | 3.30% | 20.6 | 17.4 | 3.2 | 2.91% | 3.55% |
| CVX | Chevron Corporation | 3.27% | 21.2 | 15.2 | 2.1 | 3.16% | 3.42% |
| MSFT | Microsoft Corporation | 3.26% | 29.5 | 25.1 | 11.8 | 0.74% | 2.45% |
| MRK | Merck & Co., Inc. | 3.19% | 115.8 | 15.3 | 5.4 | 2.33% | 0.61% |
| AMZN | Amazon.com, Inc. | 3.16% | 20.1 | 23.6 | 3.5 | — | 3.49% |
| GOOGL | Alphabet Inc. | 3.13% | 17.1 | 22.8 | 9.3 | 0.26% | 4.07% |
| MCD | McDonald's Corporation | 3.05% | 19.7 | 17.1 | 6.2 | 3.18% | 3.43% |
| CSCO | Cisco Systems, Inc. | 3.00% | 32.2 | 19.8 | 6.7 | 1.56% | 2.06% |
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 EDOW valuation
Adding up its 30 holdings with company data, EDOW trades at 22.2 times trailing earnings and 19.1 times analysts' forward estimates, with a price-to-book ratio of 5.62 and a dividend yield of 1.65%. Its earnings yield of 4.51% is 0.82 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 36.4% of the fund and earn 39.8% of its combined profit. By sector, Healthcare is the most expensive at 35.5 times earnings and Financial Services the cheapest at 15.4. Companies that lost money over the past year are 0.0% 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 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: EDOW chart, EDOW performance, EDOW holdings, EDOW dividends.
EDOW valuation FAQ
What is the P/E ratio of EDOW?
Based on its holdings, EDOW has a trailing P/E of 22.2 and a forward P/E of 19.1 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of EDOW?
The trailing earnings yield is 4.51% (1 ÷ P/E) and the forward earnings yield 5.24%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is EDOW more expensive than the S&P 500?
EDOW trades at 22.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.1 and 19.9.
What is the price-to-book ratio of EDOW?
The holdings of EDOW trade at 5.62 times book value, with a combined return on equity of 25.3%.
Which sector in EDOW has the highest P/E?
Healthcare has the highest P/E at 35.5 and Financial Services the lowest at 15.4.