First Trust S&P 500 Diversified Free Cash… (FCFY) Valuation
FCFY valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 17.5 trailing earnings
- Forward P/E
- 10.6 analyst estimates
- Price / sales
- 1.16
- Price / book
- 2.27
- EV / EBITDA
- 8.8
- Earnings yield
- 5.72% inverse of P/E
- Dividend yield
- 1.94% of the holdings
- Return on equity
- 13.0% combined
- Net margin
- 6.7% combined
- Beta
- 0.94 weighted, vs S&P 500
FCFY valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FCFY | 17.5 | 10.6 | 1.16 | 2.27 | 1.94% | 13.0% | 6.7% | 5.5% |
| 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.
FCFY valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 45.5% | 15.5 | 10.9 | 1.91 | 2.82 | 1.42% | 18.2% |
| Communication Services | 9.5% | 14.6 | 8.7 | 1.04 | 1.56 | 4.11% | 10.7% |
| Financial Services | 9.5% | 10.3 | 8.7 | 1.37 | 1.42 | 2.09% | 13.8% |
| Healthcare | 9.1% | n/m | 11.6 | 0.35 | 2.11 | 0.94% | −4.3% |
| Consumer Cyclical | 8.9% | 16.0 | 9.8 | 0.90 | 2.82 | 1.19% | 17.6% |
| Industrials | 6.0% | 18.2 | 14.8 | 1.61 | 3.59 | 2.41% | 19.8% |
| Consumer Defensive | 4.5% | 48.2 | 12.5 | 1.57 | 1.96 | 4.06% | 4.1% |
| Energy | 3.3% | 11.0 | 9.1 | 1.84 | 1.71 | 1.90% | 15.6% |
| Real Estate | 1.6% | 89.3 | 19.4 | 4.48 | 1.27 | 5.63% | 1.4% |
| Utilities | 1.5% | 24.0 | 12.3 | 1.67 | 5.46 | 1.47% | 22.7% |
| Basic Materials | 1.3% | 20.9 | 11.1 | 1.64 | 2.45 | 2.10% | 11.7% |
FCFY 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 FCFY weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FCFY largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| ADBE | Adobe Inc. | 3.90% | 13.7 | 8.7 | 3.7 | — | 4.96% |
| INTU | Intuit Inc. | 3.90% | 19.8 | 12.7 | 4.1 | 1.70% | 3.43% |
| ACN | Accenture plc | 3.81% | 16.9 | 12.4 | 1.9 | 2.98% | 3.91% |
| CMCSA | Comcast Corporation | 3.62% | 7.1 | 5.9 | 0.6 | 6.03% | 8.91% |
| GDDY | GoDaddy Inc. | 3.60% | 15.8 | 8.7 | 2.6 | — | 3.97% |
| CTSH | Cognizant Technology Solutions Corporation | 3.57% | 14.2 | 9.4 | 1.4 | 2.00% | 4.37% |
| HPQ | HP Inc. | 3.51% | 11.5 | 9.9 | 0.5 | 4.00% | 5.33% |
| IT | Gartner, Inc. | 3.37% | 18.6 | 11.3 | 2.0 | — | 3.16% |
| CNC | Centene Corporation | 3.21% | — | 11.2 | 0.2 | — | −8.42% |
| GEN | Gen Digital Inc. | 2.45% | 14.1 | 9.3 | 2.8 | 2.07% | 3.01% |
| FSLR | First Solar, Inc. | 2.42% | 10.6 | 8.3 | 3.4 | — | 3.95% |
| CRM | Salesforce, Inc. | 2.26% | 22.0 | 14.0 | 4.5 | 0.73% | 1.79% |
| OMC | Omnicom Group Inc. | 2.21% | 212.0 | 7.4 | 1.0 | 3.97% | 0.18% |
| TKO | TKO Group Holdings, Inc. | 2.08% | 61.4 | 48.8 | 6.3 | 1.80% | 0.59% |
| ROP | Roper Technologies, Inc. | 2.01% | 15.9 | 15.0 | 4.6 | 0.95% | 2.19% |
| WDAY | Workday, Inc. | 1.94% | 38.9 | 17.7 | 4.5 | — | 0.87% |
| ADSK | Autodesk, Inc. | 1.85% | 31.1 | 17.6 | 6.4 | — | 1.03% |
| IBM | International Business Machines Corporation | 1.76% | 20.6 | 17.4 | 3.2 | 2.91% | 1.49% |
| TMUS | T-Mobile US, Inc. | 1.59% | 16.6 | 11.7 | 1.9 | 2.94% | 1.67% |
| SYF | Synchrony Financial | 1.53% | 7.5 | 6.7 | 2.4 | 1.85% | 3.52% |
| QCOM | QUALCOMM Incorporated | 1.51% | 19.9 | 19.6 | 4.2 | 2.14% | 1.32% |
| APTV | Aptiv PLC | 1.41% | 44.4 | 6.4 | 0.5 | — | 0.55% |
| EXPE | Expedia Group, Inc. | 1.25% | 18.0 | 11.3 | 2.2 | 0.66% | 1.21% |
| LULU | Lululemon Athletica Inc. | 1.06% | 8.0 | 10.7 | 1.0 | — | 2.31% |
| VST | Vistra Corp. | 0.99% | 25.6 | 13.3 | 2.7 | 0.61% | 0.67% |
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 FCFY valuation
Adding up its 100 holdings with company data, FCFY trades at 17.5 times trailing earnings and 10.6 times analysts' forward estimates, with a price-to-book ratio of 2.27 and a dividend yield of 1.94%. Its earnings yield of 5.72% is 0.39 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 34.9% of the fund and earn 32.6% of its combined profit. By sector, Real Estate is the most expensive at 89.3 times earnings and Financial Services the cheapest at 10.3. Companies that lost money over the past year are 5.5% 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: FCFY chart, FCFY performance, FCFY holdings, FCFY dividends.
FCFY valuation FAQ
What is the P/E ratio of FCFY?
Based on its holdings, FCFY has a trailing P/E of 17.5 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 FCFY?
The trailing earnings yield is 5.72% (1 ÷ P/E) and the forward earnings yield 9.45%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FCFY more expensive than the S&P 500?
FCFY trades at 17.5 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 FCFY?
The holdings of FCFY trade at 2.27 times book value, with a combined return on equity of 13.0%.
Which sector in FCFY has the highest P/E?
Real Estate has the highest P/E at 89.3 and Financial Services the lowest at 10.3.