Fidelity Dynamic Buffered Equity ETF (FBUF) Valuation
FBUF valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 24.6 trailing earnings
- Forward P/E
- 18.9 analyst estimates
- Price / sales
- 3.67
- Price / book
- 5.34
- EV / EBITDA
- 16.6
- Earnings yield
- 4.07% inverse of P/E
- Dividend yield
- 0.98% of the holdings
- Return on equity
- 21.7% combined
- Net margin
- 14.9% combined
- Beta
- 1.16 weighted, vs S&P 500
FBUF valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FBUF | 24.6 | 18.9 | 3.67 | 5.34 | 0.98% | 21.7% | 14.9% | 3.4% |
| 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.
FBUF valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 38.0% | 29.0 | 21.1 | 8.17 | 10.77 | 0.49% | 37.2% |
| Financial Services | 11.7% | 14.6 | 15.0 | 3.33 | 2.54 | 1.25% | 17.3% |
| Healthcare | 9.4% | 35.5 | 16.0 | 3.02 | 5.49 | 1.85% | 15.5% |
| Communication Services | 8.5% | 17.1 | 18.9 | 4.56 | 4.65 | 0.77% | 27.2% |
| Consumer Cyclical | 7.3% | 36.1 | 19.2 | 1.57 | 4.21 | 0.38% | 11.7% |
| Industrials | 7.0% | 27.3 | 21.4 | 2.42 | 6.55 | 1.10% | 24.0% |
| Consumer Defensive | 3.2% | 29.5 | 23.7 | 1.69 | 11.76 | 1.99% | 39.8% |
| Energy | 3.1% | 20.6 | 15.0 | 2.14 | 2.30 | 2.52% | 11.1% |
| Basic Materials | 1.3% | 25.8 | 15.6 | 2.27 | 3.62 | 0.95% | 14.0% |
| Real Estate | 1.1% | 26.3 | 26.4 | 7.60 | 6.04 | 3.86% | 23.0% |
| Utilities | 0.8% | 22.8 | 14.8 | 3.48 | 1.62 | 3.18% | 7.1% |
FBUF 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 FBUF weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FBUF largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 7.69% | 27.1 | 24.9 | 17.1 | 0.47% | 7.66% |
| AAPL | Apple Inc. | 7.03% | 39.4 | 35.2 | 10.7 | 0.31% | 4.81% |
| MSFT | Microsoft Corporation | 4.81% | 29.5 | 25.1 | 11.8 | 0.74% | 4.39% |
| AMZN | Amazon.com, Inc. | 3.99% | 20.1 | 23.6 | 3.5 | — | 5.34% |
| GOOGL | Alphabet Inc. | 2.99% | 17.1 | 22.8 | 9.3 | 0.26% | 4.72% |
| AVGO | Broadcom Inc. | 2.54% | 43.3 | 19.4 | 17.6 | 0.79% | 1.58% |
| META | Meta Platforms, Inc. | 2.44% | 26.7 | 22.1 | 7.9 | 0.30% | 2.46% |
| GOOG | Alphabet Inc. | 1.99% | 16.9 | 21.8 | 9.2 | 0.26% | 3.17% |
| BRK.B | Berkshire Hathaway Inc. | 1.84% | 13.4 | 22.7 | 3.0 | — | 3.71% |
| LLY | Eli Lilly and Company | 1.69% | 42.2 | 24.4 | 14.1 | 0.55% | 1.08% |
| JPM | JPMorgan Chase & Co. | 1.68% | 14.2 | 13.5 | 4.7 | 1.94% | 3.17% |
| MU | Micron Technology, Inc. | 1.54% | 11.8 | 7.0 | 7.5 | 0.07% | 3.51% |
| V | Visa Inc. | 1.18% | 34.3 | 24.0 | 17.0 | 0.67% | 0.93% |
| MA | Mastercard Incorporated | 1.16% | 34.0 | 24.2 | 15.4 | 0.56% | 0.92% |
| XOM | Exxon Mobil Corporation | 1.13% | 23.0 | 14.8 | 2.0 | 2.30% | 1.32% |
| TSLA | Tesla, Inc. | 1.05% | 328.4 | 158.7 | 13.5 | — | 0.09% |
| ABBV | AbbVie Inc. | 1.00% | 80.6 | 16.4 | 7.8 | 2.42% | 0.33% |
| CSCO | Cisco Systems, Inc. | 0.96% | 32.2 | 19.8 | 6.7 | 1.56% | 0.80% |
| UNH | UnitedHealth Group Incorporated | 0.95% | 25.8 | 16.6 | 0.8 | 2.31% | 0.99% |
| AMD | Advanced Micro Devices, Inc. | 0.85% | 134.9 | 39.5 | 20.9 | — | 0.17% |
| BAC | Bank of America Corporation | 0.85% | 12.2 | 10.8 | 3.1 | 2.50% | 1.86% |
| COST | Costco Wholesale Corporation | 0.82% | 47.6 | 40.3 | 1.4 | 0.59% | 0.46% |
| INTC | Intel Corporation | 0.76% | — | 63.3 | 8.3 | — | −0.48% |
| GILD | Gilead Sciences, Inc. | 0.76% | — | 15.6 | 6.4 | 2.10% | −0.35% |
| CVX | Chevron Corporation | 0.75% | 21.2 | 15.2 | 2.1 | 3.16% | 0.95% |
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 FBUF valuation
Adding up its 158 holdings with company data, FBUF trades at 24.6 times trailing earnings and 18.9 times analysts' forward estimates, with a price-to-book ratio of 5.34 and a dividend yield of 0.98%. Its earnings yield of 4.07% is 1.26 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 37.0% of the fund and earn 38.9% of its combined profit. By sector, Consumer Cyclical is the most expensive at 36.1 times earnings and Financial Services the cheapest at 14.6. Companies that lost money over the past year are 3.4% 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 98.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FBUF chart, FBUF performance, FBUF holdings, FBUF dividends.
FBUF valuation FAQ
What is the P/E ratio of FBUF?
Based on its holdings, FBUF has a trailing P/E of 24.6 and a forward P/E of 18.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FBUF?
The trailing earnings yield is 4.07% (1 ÷ P/E) and the forward earnings yield 5.29%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FBUF more expensive than the S&P 500?
FBUF trades at 24.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 18.9 and 19.9.
What is the price-to-book ratio of FBUF?
The holdings of FBUF trade at 5.34 times book value, with a combined return on equity of 21.7%.
Which sector in FBUF has the highest P/E?
Consumer Cyclical has the highest P/E at 36.1 and Financial Services the lowest at 14.6.