First Trust Multi Cap Value AlphaDEX Fund (FAB) Valuation
FAB valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 12.5 trailing earnings
- Forward P/E
- 10.6 analyst estimates
- Price / sales
- 0.99
- Price / book
- 1.59
- EV / EBITDA
- 8.0
- Earnings yield
- 7.99% inverse of P/E
- Dividend yield
- 2.29% of the holdings
- Return on equity
- 12.7% combined
- Net margin
- 7.9% combined
- Beta
- 0.83 weighted, vs S&P 500
FAB valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FAB | 12.5 | 10.6 | 0.99 | 1.59 | 2.29% | 12.7% | 7.9% | 1.6% |
| 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.
FAB valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 23.0% | 10.0 | 9.9 | 1.80 | 1.31 | 2.35% | 13.1% |
| Consumer Cyclical | 14.2% | 12.6 | 10.5 | 0.55 | 1.68 | 1.91% | 13.3% |
| Energy | 11.8% | 13.3 | 10.3 | 1.48 | 1.59 | 2.04% | 12.0% |
| Industrials | 9.2% | 15.2 | 11.6 | 0.86 | 1.95 | 1.49% | 12.8% |
| Utilities | 8.4% | 16.2 | 13.8 | 2.08 | 1.62 | 3.39% | 10.0% |
| Technology | 8.4% | 11.6 | 9.3 | 0.88 | 1.95 | 1.22% | 16.9% |
| Consumer Defensive | 5.7% | 15.4 | 11.0 | 0.48 | 1.97 | 2.52% | 12.8% |
| Healthcare | 5.6% | 15.4 | 11.4 | 0.96 | 2.14 | 1.07% | 13.8% |
| Real Estate | 4.2% | 15.2 | 14.8 | 2.00 | 1.12 | 6.59% | 7.4% |
| Communication Services | 4.1% | 8.5 | 7.4 | 0.82 | 1.25 | 2.88% | 14.6% |
| Basic Materials | 4.0% | 18.3 | 11.5 | 1.11 | 2.08 | 1.88% | 11.4% |
| Services | 0.1% | 14.2 | 15.3 | 1.60 | 2.99 | 2.71% | 21.0% |
FAB 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 FAB weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FAB largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| CTSH | Cognizant Technology Solutions Corporation | 0.51% | 14.2 | 9.4 | 1.4 | 2.00% | 0.47% |
| STZ | Constellation Brands, Inc. | 0.51% | 11.8 | 10.0 | 2.4 | 3.14% | 0.56% |
| YZ8 | Permian Resources Corporation | 0.51% | — | — | — | — | — |
| FIS | Fidelity National Information Services, Inc. | 0.51% | 5.5 | 5.1 | 1.5 | 4.89% | 1.18% |
| COP | ConocoPhillips | 0.50% | 19.4 | 12.7 | 2.7 | 2.29% | 0.33% |
| CINF | Cincinnati Financial Corporation | 0.49% | 8.1 | 18.5 | 1.9 | 2.20% | 0.79% |
| ALL | The Allstate Corporation | 0.49% | 5.0 | 8.3 | 0.9 | 1.74% | 1.27% |
| OVV | Ovintiv Inc. | 0.49% | 19.3 | 9.0 | 2.0 | 1.73% | 0.33% |
| FISV | Fiserv, Inc. | 0.48% | 9.1 | 5.7 | 1.2 | — | 0.68% |
| EQT | EQT Corporation | 0.48% | 12.6 | 14.1 | 3.7 | 1.25% | 0.49% |
| EOG | EOG Resources, Inc. | 0.47% | 12.3 | 10.1 | 3.1 | 2.58% | 0.50% |
| BRK.B | Berkshire Hathaway Inc. | 0.47% | 13.4 | 22.7 | 3.0 | — | 0.46% |
| DINO | HF Sinclair Corporation | 0.47% | 11.9 | 10.0 | 0.7 | 1.68% | 0.51% |
| HIG | The Hartford Financial Services Group, Inc. | 0.47% | 9.6 | 9.2 | 1.2 | 1.78% | 0.64% |
| ACGL | Arch Capital Group Ltd. | 0.46% | 7.9 | 9.6 | 1.8 | — | 0.75% |
| MKL | Markel Corporation | 0.46% | 10.2 | 15.2 | 1.4 | — | 0.59% |
| OXY | Occidental Petroleum Corporation | 0.45% | 17.7 | 14.6 | 2.6 | 1.80% | 0.33% |
| FOXA | Fox Corporation | 0.45% | 16.7 | 11.1 | 1.6 | 0.90% | 0.35% |
| CCL | Carnival Corporation & plc | 0.45% | 11.4 | 8.4 | 1.3 | 1.74% | 0.51% |
| PTC | PTC Inc. | 0.45% | 18.7 | 16.3 | 7.1 | — | 0.31% |
| AMCR | Amcor plc | 0.45% | 18.4 | 10.6 | 0.9 | 5.93% | 0.31% |
| EXE | Expand Energy Corporation | 0.44% | 8.1 | 9.6 | 1.8 | 2.46% | 0.72% |
| AIG | American International Group, Inc. | 0.44% | 14.8 | 8.5 | 1.6 | 2.48% | 0.39% |
| GPN | Global Payments Inc. | 0.44% | 39.3 | 5.3 | 2.2 | 1.20% | 0.15% |
| PHM | PulteGroup, Inc. | 0.44% | 11.6 | 11.2 | 1.3 | 0.92% | 0.49% |
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 FAB valuation
Adding up its 653 holdings with company data, FAB trades at 12.5 times trailing earnings and 10.6 times analysts' forward estimates, with a price-to-book ratio of 1.59 and a dividend yield of 2.29%. Its earnings yield of 7.99% is 2.66 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 5.0% of the fund and earn 6.6% of its combined profit. By sector, Basic Materials is the most expensive at 18.3 times earnings and Communication Services the cheapest at 8.5. Companies that lost money over the past year are 1.6% 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 97.3% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FAB chart, FAB performance, FAB holdings, FAB dividends.
FAB valuation FAQ
What is the P/E ratio of FAB?
Based on its holdings, FAB has a trailing P/E of 12.5 and a forward P/E of 10.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FAB?
The trailing earnings yield is 7.99% (1 ÷ P/E) and the forward earnings yield 9.44%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FAB more expensive than the S&P 500?
FAB trades at 12.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 10.6 and 19.9.
What is the price-to-book ratio of FAB?
The holdings of FAB trade at 1.59 times book value, with a combined return on equity of 12.7%.
Which sector in FAB has the highest P/E?
Basic Materials has the highest P/E at 18.3 and Communication Services the lowest at 8.5.