Fidelity Stocks for Inflation ETF (FCPI) Valuation
FCPI valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 18.3 trailing earnings
- Forward P/E
- 14.7 analyst estimates
- Price / sales
- 2.02
- Price / book
- 3.95
- EV / EBITDA
- 10.6
- Earnings yield
- 5.45% inverse of P/E
- Dividend yield
- 1.57% of the holdings
- Return on equity
- 21.5% combined
- Net margin
- 11.0% combined
- Beta
- 0.95 weighted, vs S&P 500
FCPI valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FCPI | 18.3 | 14.7 | 2.02 | 3.95 | 1.57% | 21.5% | 11.0% | 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.
FCPI valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 31.0% | 27.6 | 20.3 | 5.72 | 9.59 | 0.61% | 34.8% |
| Healthcare | 14.9% | 43.4 | 14.6 | 1.32 | 3.54 | 1.31% | 8.2% |
| Energy | 11.4% | 10.7 | 9.3 | 0.64 | 2.11 | 1.48% | 19.7% |
| Consumer Defensive | 9.8% | 21.0 | 15.5 | 3.15 | 5.95 | 2.88% | 28.3% |
| Financial Services | 6.9% | 9.9 | 9.5 | 2.22 | 1.76 | 1.50% | 17.8% |
| Basic Materials | 6.9% | 13.6 | 12.9 | 4.38 | 4.49 | 2.81% | 33.0% |
| Communication Services | 4.8% | 19.0 | 18.8 | 4.34 | 4.97 | 1.09% | 26.2% |
| Consumer Cyclical | 4.1% | 16.3 | 13.7 | 1.49 | 4.46 | 1.25% | 27.4% |
| Real Estate | 4.0% | 15.3 | 25.6 | 4.20 | 3.98 | 3.81% | 25.9% |
| Utilities | 3.7% | 9.4 | 11.8 | 2.06 | 1.76 | 4.48% | 18.8% |
| Industrials | 3.4% | 24.1 | 20.1 | 3.26 | 5.69 | 0.95% | 23.6% |
FCPI 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 FCPI weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FCPI largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 6.34% | 39.4 | 35.2 | 10.7 | 0.31% | 2.93% |
| NVDA | NVIDIA Corporation | 6.33% | 27.1 | 24.9 | 17.1 | 0.47% | 4.25% |
| MSFT | Microsoft Corporation | 4.99% | 29.5 | 25.1 | 11.8 | 0.74% | 3.08% |
| APA | APA Corporation | 4.03% | 10.4 | 9.4 | 2.0 | 2.03% | 7.05% |
| VLO | Valero Energy Corporation | 3.93% | 18.5 | 10.2 | 1.0 | 1.08% | 3.85% |
| NEM | Newmont Corporation | 3.54% | 15.0 | 11.6 | 4.8 | 0.88% | 4.31% |
| PBF | PBF Energy Inc. | 3.43% | 7.4 | 8.4 | 0.3 | 1.30% | 8.38% |
| AU | AngloGold Ashanti Limited | 3.31% | 12.4 | 14.5 | 4.0 | 4.87% | 4.84% |
| PG | The Procter & Gamble Company | 2.98% | 24.1 | 21.2 | 4.3 | 2.73% | 2.25% |
| MO | Altria Group, Inc. | 2.55% | 15.8 | 11.9 | 6.1 | 5.91% | 2.94% |
| CL | Colgate-Palmolive Company | 2.30% | 37.1 | 21.0 | 3.6 | 2.25% | 1.13% |
| JNJ | Johnson & Johnson | 2.25% | 38.8 | 21.0 | 6.2 | 2.10% | 1.06% |
| MRK | Merck & Co., Inc. | 2.15% | 115.8 | 15.3 | 5.4 | 2.33% | 0.34% |
| GOOGL | Alphabet Inc. | 2.14% | 17.1 | 22.8 | 9.3 | 0.26% | 2.28% |
| NEE | NextEra Energy, Inc. | 2.12% | 17.9 | 17.7 | 5.8 | 3.12% | 2.15% |
| HST | Host Hotels & Resorts, Inc. | 2.09% | 16.2 | 22.2 | 2.7 | 3.34% | 2.35% |
| AVGO | Broadcom Inc. | 2.03% | 43.3 | 19.4 | 17.6 | 0.79% | 0.85% |
| DAR | Darling Ingredients Inc. | 2.01% | 16.5 | 11.7 | 1.5 | — | 2.21% |
| SPG | Simon Property Group, Inc. | 1.91% | 14.5 | 30.7 | 11.2 | 4.33% | 2.40% |
| UTHR | United Therapeutics Corporation | 1.62% | 19.1 | 16.4 | 7.2 | — | 1.54% |
| CNC | Centene Corporation | 1.62% | — | 11.2 | 0.2 | — | −4.45% |
| EIX | Edison International | 1.60% | 5.8 | 8.2 | 1.1 | 6.28% | 5.06% |
| RPRX | Royalty Pharma plc | 1.57% | 32.4 | 29.4 | 13.9 | 1.54% | 0.88% |
| BMY | Bristol-Myers Squibb Company | 1.56% | 13.2 | 9.4 | 2.5 | 4.22% | 2.16% |
| REGN | Regeneron Pharmaceuticals, Inc. | 1.51% | 19.6 | 14.5 | 5.2 | 0.48% | 1.41% |
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 FCPI valuation
Adding up its 97 holdings with company data, FCPI trades at 18.3 times trailing earnings and 14.7 times analysts' forward estimates, with a price-to-book ratio of 3.95 and a dividend yield of 1.57%. Its earnings yield of 5.45% is 0.12 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 41.4% of the fund and earn 43.9% of its combined profit. By sector, Healthcare is the most expensive at 43.4 times earnings and Utilities the cheapest at 9.4. 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 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FCPI chart, FCPI performance, FCPI holdings, FCPI dividends.
FCPI valuation FAQ
What is the P/E ratio of FCPI?
Based on its holdings, FCPI has a trailing P/E of 18.3 and a forward P/E of 14.7 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FCPI?
The trailing earnings yield is 5.45% (1 ÷ P/E) and the forward earnings yield 6.79%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FCPI more expensive than the S&P 500?
FCPI trades at 18.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 14.7 and 19.9.
What is the price-to-book ratio of FCPI?
The holdings of FCPI trade at 3.95 times book value, with a combined return on equity of 21.5%.
Which sector in FCPI has the highest P/E?
Healthcare has the highest P/E at 43.4 and Utilities the lowest at 9.4.