First Trust Multi Cap Growth AlphaDEX Fund (FAD) Valuation
FAD valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 74.5 trailing earnings
- Forward P/E
- 20.5 analyst estimates
- Price / sales
- 2.86
- Price / book
- 5.55
- EV / EBITDA
- 8.9
- Earnings yield
- 1.34% inverse of P/E
- Dividend yield
- 0.61% of the holdings
- Return on equity
- 7.5% combined
- Net margin
- 3.8% combined
- Beta
- 1.29 weighted, vs S&P 500
FAD valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FAD | 74.5 | 20.5 | 2.86 | 5.55 | 0.61% | 7.5% | 3.8% | 19.0% |
| 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.
FAD valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 30.2% | 67.3 | 25.2 | 5.36 | 8.50 | 0.23% | 12.6% |
| Healthcare | 21.6% | 948.3 | 18.2 | 3.03 | 7.26 | 0.20% | 0.8% |
| Industrials | 15.4% | 43.0 | 22.4 | 2.24 | 5.84 | 0.62% | 13.6% |
| Financial Services | 9.4% | n/m | 14.3 | 1.63 | 3.29 | 1.28% | −4.1% |
| Consumer Cyclical | 8.8% | 42.0 | 18.8 | 2.43 | 8.85 | 0.45% | 21.1% |
| Real Estate | 3.8% | 29.3 | 23.6 | 2.95 | 2.33 | 4.09% | 7.9% |
| Basic Materials | 3.2% | 27.3 | 17.4 | 2.62 | 3.27 | 0.92% | 12.0% |
| Communication Services | 2.6% | n/m | 21.5 | 2.56 | 1.99 | 0.46% | −0.5% |
| Consumer Defensive | 2.1% | 29.3 | 20.5 | 2.04 | 5.69 | 1.14% | 19.4% |
| Energy | 1.5% | 20.9 | 18.3 | 1.47 | 2.91 | 0.92% | 13.9% |
| Utilities | 0.2% | 40.6 | 18.3 | 2.48 | 2.71 | 1.87% | 6.7% |
| Information Technology | 0.0% | n/m | 45.0 | 20.20 | 2.74 | 0.00% | −2.7% |
FAD 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 FAD weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FAD largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| EXPE | Expedia Group, Inc. | 0.54% | 18.0 | 11.3 | 2.2 | 0.66% | 2.29% |
| SN | SharkNinja, Inc. | 0.52% | 38.1 | 23.1 | 3.8 | — | 1.04% |
| EXPD | Expeditors International of Washington, Inc. | 0.51% | 28.5 | 24.4 | 2.1 | 0.83% | 1.37% |
| WDAY | Workday, Inc. | 0.50% | 38.9 | 17.7 | 4.5 | — | 0.99% |
| MEDP | Medpace Holdings, Inc. | 0.47% | 36.3 | 31.9 | 6.2 | — | 1.00% |
| CPAY | Corpay, Inc. | 0.47% | 24.3 | 12.8 | 5.2 | — | 1.48% |
| ROST | Ross Stores, Inc. | 0.47% | 28.6 | 27.4 | 3.1 | 0.75% | 1.26% |
| NEM | Newmont Corporation | 0.46% | 15.0 | 11.6 | 4.8 | 0.88% | 2.37% |
| WAB | Westinghouse Air Brake Technologies Corporation | 0.46% | 38.6 | 23.8 | 4.0 | 0.43% | 0.92% |
| A | Agilent Technologies, Inc. | 0.45% | 34.1 | 23.9 | 6.6 | 0.59% | 1.02% |
| FTNT | Fortinet, Inc. | 0.45% | 59.8 | 45.0 | 16.5 | — | 0.58% |
| DXCM | DexCom, Inc. | 0.45% | 34.1 | 28.2 | 6.5 | — | 1.01% |
| MRNA | Moderna, Inc. | 0.44% | — | 23.0 | 39.1 | — | −1.25% |
| NTRA | Natera, Inc. | 0.44% | — | — | 20.9 | — | −0.12% |
| NTAP | NetApp, Inc. | 0.44% | 28.7 | 21.4 | 5.4 | 1.02% | 1.18% |
| APH | Amphenol Corporation | 0.44% | 39.7 | 24.6 | 6.7 | 0.63% | 0.85% |
| INCY | Incyte Corporation | 0.44% | 14.4 | 14.7 | 3.9 | — | 2.35% |
| NVDA | NVIDIA Corporation | 0.43% | 27.1 | 24.9 | 17.1 | 0.47% | 1.24% |
| ILMN | Illumina, Inc. | 0.43% | 49.0 | 40.3 | 8.8 | — | 0.68% |
| GH | Guardant Health, Inc. | 0.43% | — | — | 18.0 | — | −0.73% |
| TOST | Toast, Inc. | 0.43% | 40.0 | 17.6 | 2.7 | — | 0.82% |
| VEEV | Veeva Systems Inc. | 0.43% | 50.9 | 30.2 | 14.5 | — | 0.65% |
| P | Everpure, Inc. | 0.42% | 169.9 | 44.8 | 9.7 | — | 0.19% |
| TWLO | Twilio Inc | 0.42% | 33.8 | 43.7 | 6.7 | — | 0.96% |
| DDOG | Datadog, Inc. | 0.42% | 494.2 | 84.7 | 22.4 | — | 0.07% |
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 FAD valuation
Adding up its 645 holdings with company data, FAD trades at 74.5 times trailing earnings and 20.5 times analysts' forward estimates, with a price-to-book ratio of 5.55 and a dividend yield of 0.61%. Its earnings yield of 1.34% is 3.98 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 4.8% of the fund and earn 13.7% of its combined profit. By sector, Healthcare is the most expensive at 948.3 times earnings and Energy the cheapest at 20.9. Companies that lost money over the past year are 19.0% 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 97.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FAD chart, FAD performance, FAD holdings, FAD dividends.
FAD valuation FAQ
What is the P/E ratio of FAD?
Based on its holdings, FAD has a trailing P/E of 74.5 and a forward P/E of 20.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FAD?
The trailing earnings yield is 1.34% (1 ÷ P/E) and the forward earnings yield 4.88%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FAD more expensive than the S&P 500?
FAD trades at 74.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 20.5 and 19.9.
What is the price-to-book ratio of FAD?
The holdings of FAD trade at 5.55 times book value, with a combined return on equity of 7.5%.
Which sector in FAD has the highest P/E?
Healthcare has the highest P/E at 948.3 and Energy the lowest at 20.9.