First Trust S&P 500 Economic Moat ETF (EMOT) Valuation
EMOT valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 23.2 trailing earnings
- Forward P/E
- 19.4 analyst estimates
- Price / sales
- 1.92
- Price / book
- 8.04
- EV / EBITDA
- 16.0
- Earnings yield
- 4.31% inverse of P/E
- Dividend yield
- 1.42% of the holdings
- Return on equity
- 34.7% combined
- Net margin
- 8.3% combined
- Beta
- 0.90 weighted, vs S&P 500
EMOT valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| EMOT | 23.2 | 19.4 | 1.92 | 8.04 | 1.42% | 34.7% | 8.3% | 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.
EMOT valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 32.9% | 25.9 | 19.9 | 3.08 | 5.38 | 1.30% | 20.8% |
| Consumer Cyclical | 22.1% | 18.6 | 17.6 | 2.25 | 11.16 | 1.65% | 60.2% |
| Consumer Defensive | 14.1% | 26.0 | 19.8 | 2.79 | 13.16 | 2.96% | 50.7% |
| Healthcare | 13.8% | 26.7 | 19.9 | 0.62 | 14.01 | 0.66% | 52.5% |
| Financial Services | 7.1% | 20.8 | 18.9 | 3.81 | 9.26 | 0.48% | 44.4% |
| Communication Services | 4.0% | 21.2 | 21.9 | 8.47 | 6.93 | 0.28% | 32.8% |
| Industrials | 4.0% | 19.2 | 16.6 | 2.47 | 5.06 | 1.38% | 26.4% |
| Energy | 1.8% | 44.8 | 37.7 | 26.97 | 13.85 | 0.68% | 30.9% |
EMOT 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 EMOT weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
EMOT largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MTD | Mettler-Toledo International Inc. | 2.79% | 36.6 | 28.5 | 7.9 | — | 1.78% |
| MSFT | Microsoft Corporation | 2.58% | 29.5 | 25.1 | 11.8 | 0.74% | 2.04% |
| MA | Mastercard Incorporated | 2.57% | 34.0 | 24.2 | 15.4 | 0.56% | 1.76% |
| MCK | McKesson Corporation | 2.54% | 26.9 | 19.7 | 0.3 | 0.37% | 2.19% |
| HPQ | HP Inc. | 2.49% | 11.5 | 9.9 | 0.5 | 4.00% | 5.05% |
| ADP | Automatic Data Processing, Inc. | 2.48% | 26.4 | 22.0 | 5.2 | 2.35% | 2.19% |
| V | Visa Inc. | 2.40% | 34.3 | 24.0 | 17.0 | 0.67% | 1.63% |
| FTNT | Fortinet, Inc. | 2.39% | 59.8 | 45.0 | 16.5 | — | 0.93% |
| COR | Cencora | 2.38% | 25.3 | 15.7 | 0.2 | 0.70% | 2.18% |
| AAPL | Apple Inc. | 2.30% | 39.4 | 35.2 | 10.7 | 0.31% | 1.36% |
| PAYX | Paychex, Inc. | 2.24% | 22.1 | 17.5 | 6.0 | 4.26% | 2.35% |
| LLY | Eli Lilly and Company | 2.21% | 42.2 | 24.4 | 14.1 | 0.55% | 1.22% |
| META | Meta Platforms, Inc. | 2.18% | 26.7 | 22.1 | 7.9 | 0.30% | 1.90% |
| PGR | The Progressive Corporation | 2.16% | 11.0 | 12.7 | 1.4 | 0.18% | 4.57% |
| KMB | Kimberly-Clark Corporation | 2.14% | 20.8 | 13.1 | 2.1 | 4.85% | 2.40% |
| AZO | AutoZone, Inc. | 2.12% | 20.5 | 16.5 | 2.5 | — | 2.41% |
| ADBE | Adobe Inc. | 2.11% | 13.7 | 8.7 | 3.7 | — | 3.59% |
| KO | The Coca-Cola Company | 2.10% | 28.2 | 25.3 | 8.1 | 2.26% | 1.74% |
| PM | Philip Morris International Inc. | 2.10% | 29.5 | 20.9 | 7.5 | 3.12% | 1.66% |
| LMT | Lockheed Martin Corporation | 2.10% | 20.3 | 16.2 | 1.7 | 2.61% | 2.40% |
| VRSN | VeriSign, Inc. | 2.06% | 32.7 | 27.0 | 16.0 | 1.07% | 1.47% |
| PG | The Procter & Gamble Company | 2.06% | 24.1 | 21.2 | 4.3 | 2.73% | 1.99% |
| ZTS | Zoetis Inc. | 2.00% | 13.1 | 12.0 | 3.4 | 2.67% | 3.57% |
| HD | The Home Depot, Inc. | 2.00% | 21.5 | 19.8 | 1.8 | 3.01% | 2.15% |
| CL | Colgate-Palmolive Company | 1.99% | 37.1 | 21.0 | 3.6 | 2.25% | 1.25% |
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 EMOT valuation
Adding up its 50 holdings with company data, EMOT trades at 23.2 times trailing earnings and 19.4 times analysts' forward estimates, with a price-to-book ratio of 8.04 and a dividend yield of 1.42%. Its earnings yield of 4.31% is 1.02 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 24.9% of the fund and earn 21.1% of its combined profit. By sector, Energy is the most expensive at 44.8 times earnings and Consumer Cyclical the cheapest at 18.6. 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: EMOT chart, EMOT performance, EMOT holdings, EMOT dividends.
EMOT valuation FAQ
What is the P/E ratio of EMOT?
Based on its holdings, EMOT has a trailing P/E of 23.2 and a forward P/E of 19.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of EMOT?
The trailing earnings yield is 4.31% (1 ÷ P/E) and the forward earnings yield 5.17%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is EMOT more expensive than the S&P 500?
EMOT trades at 23.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.4 and 19.9.
What is the price-to-book ratio of EMOT?
The holdings of EMOT trade at 8.04 times book value, with a combined return on equity of 34.7%.
Which sector in EMOT has the highest P/E?
Energy has the highest P/E at 44.8 and Consumer Cyclical the lowest at 18.6.