Pinnacle Focused Opportunities ETF (FCUS) Valuation
FCUS valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 64.8 trailing earnings
- Forward P/E
- 18.1 analyst estimates
- Price / sales
- 1.69
- Price / book
- 5.71
- EV / EBITDA
- 15.1
- Earnings yield
- 1.54% inverse of P/E
- Dividend yield
- 0.35% of the holdings
- Return on equity
- 8.8% combined
- Net margin
- 2.6% combined
- Beta
- 1.58 weighted, vs S&P 500
FCUS valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FCUS | 64.8 | 18.1 | 1.69 | 5.71 | 0.35% | 8.8% | 2.6% | 26.8% |
| 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.
FCUS valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 65.8% | 53.8 | 22.9 | 2.92 | 7.19 | 0.23% | 13.4% |
| Healthcare | 16.5% | n/m | 21.9 | 0.93 | 5.08 | 0.00% | −21.0% |
| Energy | 15.4% | 15.4 | 8.2 | 0.82 | 3.15 | 1.33% | 20.5% |
| Industrials | 2.3% | 291.2 | 57.1 | 20.94 | 50.28 | 0.00% | 17.3% |
FCUS 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 FCUS weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FCUS largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MRNA | Moderna, Inc. | 5.45% | — | 23.0 | 39.1 | — | −12.94% |
| RBRK | Rubrik, Inc. | 4.93% | — | 625.0 | 15.0 | — | −2.82% |
| CORT | Corcept Therapeutics Incorporated | 4.36% | 244.8 | 19.3 | 14.3 | — | 1.16% |
| DINO | HF Sinclair Corporation | 4.14% | 11.9 | 10.0 | 0.7 | 1.68% | 22.46% |
| DELL | Dell Technologies Inc. | 4.11% | 26.3 | 21.3 | 1.9 | 0.56% | 10.14% |
| VLO | Valero Energy Corporation | 4.01% | 18.5 | 10.2 | 1.0 | 1.08% | 14.01% |
| MPC | Marathon Petroleum Corporation | 4.01% | 16.6 | 5.5 | 0.9 | 0.84% | 15.69% |
| HPE | Hewlett Packard Enterprise Company | 3.96% | 28.4 | 13.6 | 1.7 | 1.03% | 9.04% |
| OKTA | Okta, Inc. | 3.65% | 112.8 | 54.3 | 10.7 | — | 2.10% |
| MU | Micron Technology, Inc. | 3.62% | 11.8 | 7.0 | 7.5 | 0.07% | 19.85% |
| MXL | MaxLinear, Inc. | 3.53% | — | 31.5 | 11.4 | — | −3.79% |
| INTC | Intel Corporation | 3.49% | — | 63.3 | 8.3 | — | −5.33% |
| NTRA | Natera, Inc. | 3.46% | — | — | 20.9 | — | −0.77% |
| ALAB | Astera Labs, Inc. | 3.44% | 140.8 | 55.6 | 41.3 | — | 1.59% |
| CRWD | CrowdStrike Holdings, Inc. | 3.41% | — | 208.3 | 43.1 | — | 0.06% |
| CNC | Centene Corporation | 3.25% | — | 11.2 | 0.2 | — | −31.82% |
| PSX | Phillips 66 | 3.22% | 16.8 | 9.7 | 0.8 | 1.81% | 12.47% |
| SMTC | Semtech Corporation | 3.13% | 90.5 | 53.2 | 10.9 | — | 2.24% |
| AMD | Advanced Micro Devices, Inc. | 3.10% | 134.9 | 39.5 | 20.9 | — | 1.49% |
| NTAP | NetApp, Inc. | 2.99% | 28.7 | 21.4 | 5.4 | 1.02% | 6.75% |
| STX | Seagate Technology Holdings plc | 2.66% | 46.0 | 25.7 | 11.9 | 0.46% | 3.75% |
| U | Unity Software Inc. | 2.65% | — | 28.7 | 8.8 | — | −5.78% |
| P | Everpure, Inc. | 2.60% | 169.9 | 44.8 | 9.7 | — | 0.99% |
| PANW | Palo Alto Networks, Inc. | 2.56% | 855.0 | 94.3 | 24.4 | — | 0.19% |
| SNDK | Sandisk Corporation | 2.56% | 17.6 | 8.0 | 9.3 | — | 9.42% |
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 FCUS valuation
Adding up its 30 holdings with company data, FCUS trades at 64.8 times trailing earnings and 18.1 times analysts' forward estimates, with a price-to-book ratio of 5.71 and a dividend yield of 0.35%. Its earnings yield of 1.54% is 3.78 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 42.2% of the fund and earn 78.7% of its combined profit. By sector, Industrials is the most expensive at 291.2 times earnings and Energy the cheapest at 15.4. Companies that lost money over the past year are 26.8% 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 99.8% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FCUS chart, FCUS performance, FCUS holdings, FCUS dividends.
FCUS valuation FAQ
What is the P/E ratio of FCUS?
Based on its holdings, FCUS has a trailing P/E of 64.8 and a forward P/E of 18.1 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FCUS?
The trailing earnings yield is 1.54% (1 ÷ P/E) and the forward earnings yield 5.54%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FCUS more expensive than the S&P 500?
FCUS trades at 64.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 18.1 and 19.9.
What is the price-to-book ratio of FCUS?
The holdings of FCUS trade at 5.71 times book value, with a combined return on equity of 8.8%.
Which sector in FCUS has the highest P/E?
Industrials has the highest P/E at 291.2 and Energy the lowest at 15.4.