American Century Focused Dynamic Growth ETF (FDG) Valuation
FDG valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 35.0 trailing earnings
- Forward P/E
- 28.4 analyst estimates
- Price / sales
- 9.76
- Price / book
- 9.93
- EV / EBITDA
- 21.7
- Earnings yield
- 2.86% inverse of P/E
- Dividend yield
- 0.26% of the holdings
- Return on equity
- 28.4% combined
- Net margin
- 27.9% combined
- Beta
- 1.64 weighted, vs S&P 500
FDG valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FDG | 35.0 | 28.4 | 9.76 | 9.93 | 0.26% | 28.4% | 27.9% | 5.7% |
| 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.
FDG valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 43.7% | 39.1 | 29.5 | 14.02 | 13.51 | 0.39% | 34.5% |
| Communication Services | 22.3% | 19.2 | 21.9 | 8.51 | 7.01 | 0.24% | 36.5% |
| Consumer Cyclical | 15.5% | 88.8 | 38.4 | 5.30 | 7.15 | 0.00% | 8.1% |
| Healthcare | 7.8% | 35.2 | 23.1 | 12.64 | 11.84 | 0.23% | 33.6% |
| Industrials | 5.2% | 353.5 | 76.3 | 14.69 | 11.86 | 0.07% | 3.4% |
| Financial Services | 3.3% | 34.1 | 27.2 | 14.20 | 21.85 | 0.38% | 64.1% |
| Energy | 0.5% | 24.3 | 21.3 | 2.62 | 8.49 | 0.29% | 35.0% |
FDG 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 FDG weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FDG largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 18.15% | 27.1 | 24.9 | 17.1 | 0.47% | 23.96% |
| GOOG | Alphabet Inc. | 15.02% | 16.9 | 21.8 | 9.2 | 0.26% | 31.76% |
| AMZN | Amazon.com, Inc. | 6.58% | 20.1 | 23.6 | 3.5 | — | 11.69% |
| MSFT | Microsoft Corporation | 5.97% | 29.5 | 25.1 | 11.8 | 0.74% | 7.24% |
| TSLA | Tesla, Inc. | 5.43% | 328.4 | 158.7 | 13.5 | — | 0.59% |
| META | Meta Platforms, Inc. | 4.63% | 26.7 | 22.1 | 7.9 | 0.30% | 6.19% |
| LLY | Eli Lilly and Company | 3.10% | 42.2 | 24.4 | 14.1 | 0.55% | 2.62% |
| COHR | Coherent, Inc. | 2.57% | 56.5 | 30.5 | 6.4 | — | 1.63% |
| RKLB | Rocket Lab USA, Inc. | 2.49% | — | — | 42.3 | — | −0.44% |
| LRCX | Lam Research Corporation | 2.41% | 45.8 | 33.7 | 14.2 | 0.50% | 1.88% |
| PLTR | Palantir Technologies Inc. | 2.26% | 160.4 | 85.5 | 72.6 | — | 0.50% |
| MA | Mastercard Incorporated | 2.17% | 34.0 | 24.2 | 15.4 | 0.56% | 2.28% |
| CDNS | Cadence Design Systems, Inc. | 2.11% | 63.5 | 31.5 | 15.1 | — | 1.19% |
| SHOP | Shopify Inc. | 2.03% | 114.5 | 58.8 | 16.6 | — | 0.63% |
| ASND | Ascendis Pharma A/S | 1.95% | 17.3 | 19.8 | 14.2 | — | 4.03% |
| BE | Bloom Energy Corporation | 1.60% | 291.2 | 57.1 | 20.9 | — | 0.20% |
| AVGO | Broadcom Inc. | 1.49% | 43.3 | 19.4 | 17.6 | 0.79% | 1.23% |
| ARM | Arm Holdings plc | 1.45% | 234.8 | 151.5 | 47.2 | — | 0.22% |
| CGNX | Cognex Corporation | 1.37% | 51.9 | 29.5 | 8.3 | 0.63% | 0.95% |
| ARGX | argenx SE | 1.35% | 31.2 | 25.9 | 9.7 | — | 1.55% |
| OKTA | Okta, Inc. | 1.29% | 112.8 | 54.3 | 10.7 | — | 0.41% |
| DASH | DoorDash, Inc. | 1.25% | 99.6 | 38.0 | 5.2 | — | 0.45% |
| XLK | The Select Sector SPDR Trust - The Technology Select Sector SPDR Fund | 1.23% | — | — | — | — | — |
| NFLX | Netflix, Inc. | 1.17% | 22.2 | 18.7 | 6.1 | — | 1.89% |
| MPWR | Monolithic Power Systems, Inc. | 1.15% | 73.7 | 38.8 | 18.2 | 0.66% | 0.56% |
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 FDG valuation
Adding up its 41 holdings with company data, FDG trades at 35.0 times trailing earnings and 28.4 times analysts' forward estimates, with a price-to-book ratio of 9.93 and a dividend yield of 0.26%. 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 66.4% of the fund and earn 87.1% of its combined profit. By sector, Industrials is the most expensive at 353.5 times earnings and Communication Services the cheapest at 19.2. Companies that lost money over the past year are 5.7% 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 98.5% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FDG chart, FDG performance, FDG holdings.
FDG valuation FAQ
What is the P/E ratio of FDG?
Based on its holdings, FDG has a trailing P/E of 35.0 and a forward P/E of 28.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FDG?
The trailing earnings yield is 2.86% (1 ÷ P/E) and the forward earnings yield 3.52%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FDG more expensive than the S&P 500?
FDG trades at 35.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 28.4 and 19.9.
What is the price-to-book ratio of FDG?
The holdings of FDG trade at 9.93 times book value, with a combined return on equity of 28.4%.
Which sector in FDG has the highest P/E?
Industrials has the highest P/E at 353.5 and Communication Services the lowest at 19.2.