Fidelity Disruptive Communications ETF (FDCF) Valuation
FDCF valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 35.0 trailing earnings
- Forward P/E
- 26.4 analyst estimates
- Price / sales
- 2.50
- Price / book
- 7.11
- EV / EBITDA
- 20.0
- Earnings yield
- 2.86% inverse of P/E
- Dividend yield
- 0.30% of the holdings
- Return on equity
- 20.4% combined
- Net margin
- 7.1% combined
- Beta
- 1.40 weighted, vs S&P 500
FDCF valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FDCF | 35.0 | 26.4 | 2.50 | 7.11 | 0.30% | 20.4% | 7.1% | 20.4% |
| 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.
FDCF valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Communication Services | 48.9% | 31.2 | 22.9 | 4.33 | 6.21 | 0.30% | 19.9% |
| Technology | 35.8% | 37.7 | 28.7 | 1.77 | 9.98 | 0.38% | 26.5% |
| Consumer Cyclical | 8.6% | 23.7 | 23.1 | 1.19 | 3.91 | 0.13% | 16.5% |
| Industrials | 5.9% | n/m | 200.0 | 83.53 | 15.37 | 0.00% | −6.8% |
FDCF 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 FDCF weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FDCF largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| META | Meta Platforms, Inc. | 7.57% | 26.7 | 22.1 | 7.9 | 0.30% | 10.54% |
| TSM | Taiwan Semiconductor Manufacturing Company Limited | 7.55% | 26.7 | 21.4 | 0.4 | 0.91% | 10.49% |
| GOOGL | Alphabet Inc. | 7.33% | 17.1 | 22.8 | 9.3 | 0.26% | 15.94% |
| SPCX | Space Exploration Technologies Corp. | 5.89% | — | 200.0 | 83.5 | — | −0.96% |
| AAPL | Apple Inc. | 5.88% | 39.4 | 35.2 | 10.7 | 0.31% | 5.55% |
| NVDA | NVIDIA Corporation | 5.60% | 27.1 | 24.9 | 17.1 | 0.47% | 7.69% |
| AMZN | Amazon.com, Inc. | 5.14% | 20.1 | 23.6 | 3.5 | — | 9.51% |
| RBLX | Roblox Corporation | 3.97% | — | 192.3 | 6.2 | — | −3.97% |
| TWLO | Twilio Inc | 3.44% | 33.8 | 43.7 | 6.7 | — | 3.78% |
| FOXA | Fox Corporation | 3.39% | 16.7 | 11.1 | 1.6 | 0.90% | 7.54% |
| APP | AppLovin Corporation | 3.13% | 20.5 | 15.4 | 13.1 | — | 5.70% |
| SPOT | Spotify Technology S.A | 2.99% | 30.5 | 28.6 | 6.0 | — | 3.65% |
| QBR-B | Quebecor Inc | 2.94% | — | — | — | — | — |
| ANET | Arista Networks, Inc. | 2.63% | 55.8 | 39.2 | 21.2 | — | 1.75% |
| LYV | Live Nation Entertainment, Inc. | 2.62% | — | 119.0 | 1.5 | — | −0.63% |
| NET | Cloudflare, Inc. | 2.54% | — | 178.6 | 42.0 | — | −0.17% |
| FWONK | Liberty Media Corporation - Formula One Group | 2.45% | 110.7 | 48.1 | 5.7 | — | 0.82% |
| MGNI | Magnite Inc. | 2.38% | 21.2 | 22.2 | 4.5 | — | 4.16% |
| 0700 | Tencent Holdings Ltd | 2.31% | — | — | — | — | — |
| SE | Sea Limited | 2.28% | 36.2 | 25.8 | 2.1 | — | 2.35% |
| RDDT | Reddit, Inc. | 2.08% | 36.3 | 23.2 | 10.8 | — | 2.13% |
| BRZE | Braze, Inc. | 1.82% | — | 39.8 | 4.0 | — | −2.38% |
| DIS | The Walt Disney Company | 1.72% | 22.8 | 13.8 | 1.9 | 1.36% | 2.80% |
| CDNS | Cadence Design Systems, Inc. | 1.72% | 63.5 | 31.5 | 15.1 | — | 1.01% |
| TTWO | Take-Two Interactive Software, Inc. | 1.57% | — | 28.2 | 5.7 | — | −0.49% |
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 FDCF valuation
Adding up its 31 holdings with company data, FDCF trades at 35.0 times trailing earnings and 26.4 times analysts' forward estimates, with a price-to-book ratio of 7.11 and a dividend yield of 0.30%. Its earnings yield of 2.86% is 2.47 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 55.7% of the fund and earn 66.1% of its combined profit. By sector, Technology is the most expensive at 37.7 times earnings and Consumer Cyclical the cheapest at 23.7. Companies that lost money over the past year are 20.4% 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 94.7% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FDCF chart, FDCF performance, FDCF holdings.
FDCF valuation FAQ
What is the P/E ratio of FDCF?
Based on its holdings, FDCF has a trailing P/E of 35.0 and a forward P/E of 26.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FDCF?
The trailing earnings yield is 2.86% (1 ÷ P/E) and the forward earnings yield 3.79%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FDCF more expensive than the S&P 500?
FDCF trades at 35.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 26.4 and 19.9.
What is the price-to-book ratio of FDCF?
The holdings of FDCF trade at 7.11 times book value, with a combined return on equity of 20.4%.
Which sector in FDCF has the highest P/E?
Technology has the highest P/E at 37.7 and Consumer Cyclical the lowest at 23.7.