Fidelity Momentum Factor ETF (FDMO) Valuation
FDMO valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 29.7 trailing earnings
- Forward P/E
- 19.7 analyst estimates
- Price / sales
- 3.81
- Price / book
- 5.86
- EV / EBITDA
- 17.2
- Earnings yield
- 3.37% inverse of P/E
- Dividend yield
- 0.87% of the holdings
- Return on equity
- 19.8% combined
- Net margin
- 12.8% combined
- Beta
- 1.29 weighted, vs S&P 500
FDMO valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FDMO | 29.7 | 19.7 | 3.81 | 5.86 | 0.87% | 19.8% | 12.8% | 7.3% |
| 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.
FDMO valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 36.7% | 36.9 | 22.5 | 10.01 | 18.20 | 0.29% | 49.3% |
| Healthcare | 11.8% | 120.9 | 20.7 | 3.14 | 8.42 | 0.93% | 7.0% |
| Financial Services | 11.6% | 14.4 | 14.3 | 3.59 | 2.09 | 1.59% | 14.5% |
| Consumer Cyclical | 9.4% | 32.4 | 22.7 | 2.25 | 6.18 | 0.43% | 19.1% |
| Communication Services | 8.4% | 23.9 | 16.6 | 4.94 | 5.24 | 0.79% | 21.9% |
| Industrials | 7.2% | 35.4 | 25.6 | 4.14 | 9.36 | 0.71% | 26.4% |
| Consumer Defensive | 4.4% | 30.5 | 24.8 | 1.58 | 6.72 | 1.57% | 22.1% |
| Energy | 4.1% | 18.5 | 11.3 | 1.14 | 2.93 | 1.90% | 15.9% |
| Basic Materials | 2.0% | 23.2 | 14.9 | 3.21 | 3.79 | 1.33% | 16.3% |
| Real Estate | 2.0% | 35.4 | 41.8 | 8.26 | 3.32 | 3.17% | 9.4% |
| Utilities | 2.0% | 17.8 | 15.7 | 3.08 | 2.06 | 3.36% | 11.5% |
FDMO 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 FDMO weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FDMO largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 8.58% | 39.4 | 35.2 | 10.7 | 0.31% | 6.49% |
| NVDA | NVIDIA Corporation | 8.58% | 27.1 | 24.9 | 17.1 | 0.47% | 9.44% |
| GOOGL | Alphabet Inc. | 5.65% | 17.1 | 22.8 | 9.3 | 0.26% | 9.85% |
| AMZN | Amazon.com, Inc. | 3.73% | 20.1 | 23.6 | 3.5 | — | 5.52% |
| MU | Micron Technology, Inc. | 2.56% | 11.8 | 7.0 | 7.5 | 0.07% | 6.45% |
| AMD | Advanced Micro Devices, Inc. | 2.48% | 134.9 | 39.5 | 20.9 | — | 0.55% |
| MRNA | Moderna, Inc. | 2.39% | — | 23.0 | 39.1 | — | −2.61% |
| LLY | Eli Lilly and Company | 2.02% | 42.2 | 24.4 | 14.1 | 0.55% | 1.42% |
| BRK.B | Berkshire Hathaway Inc. | 1.82% | 13.4 | 22.7 | 3.0 | — | 4.05% |
| TSLA | Tesla, Inc. | 1.73% | 328.4 | 158.7 | 13.5 | — | 0.16% |
| JPM | JPMorgan Chase & Co. | 1.67% | 14.2 | 13.5 | 4.7 | 1.94% | 3.49% |
| INTC | Intel Corporation | 1.64% | — | 63.3 | 8.3 | — | −1.16% |
| SNDK | Sandisk Corporation | 1.59% | 17.6 | 8.0 | 9.3 | — | 2.69% |
| V | Visa Inc. | 1.46% | 34.3 | 24.0 | 17.0 | 0.67% | 1.27% |
| LRCX | Lam Research Corporation | 1.44% | 45.8 | 33.7 | 14.2 | 0.50% | 0.94% |
| JNJ | Johnson & Johnson | 1.38% | 38.8 | 21.0 | 6.2 | 2.10% | 1.06% |
| DELL | Dell Technologies Inc. | 1.37% | 26.3 | 21.3 | 1.9 | 0.56% | 1.55% |
| AMAT | Applied Materials, Inc. | 1.36% | 35.3 | 23.4 | 10.5 | 0.52% | 1.15% |
| KLAC | KLA Corporation | 1.30% | 45.3 | 34.8 | 15.9 | 0.56% | 0.86% |
| XOM | Exxon Mobil Corporation | 1.19% | 23.0 | 14.8 | 2.0 | 2.30% | 1.54% |
| LITE | Lumentum Holdings Inc. | 1.18% | — | 42.9 | 24.8 | — | −3.95% |
| MRK | Merck & Co., Inc. | 1.12% | 115.8 | 15.3 | 5.4 | 2.33% | 0.29% |
| TER | Teradyne, Inc. | 1.08% | 44.6 | 30.7 | 11.4 | 0.16% | 0.72% |
| CIEN | Ciena Corporation | 1.07% | 74.4 | 39.8 | 7.8 | — | 0.43% |
| WDC | Western Digital Corporation | 1.07% | 12.3 | 22.8 | 9.6 | 0.18% | 2.59% |
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 FDMO valuation
Adding up its 130 holdings with company data, FDMO trades at 29.7 times trailing earnings and 19.7 times analysts' forward estimates, with a price-to-book ratio of 5.86 and a dividend yield of 0.87%. Its earnings yield of 3.37% is 1.96 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 39.5% of the fund and earn 41.3% of its combined profit. By sector, Healthcare is the most expensive at 120.9 times earnings and Financial Services the cheapest at 14.4. Companies that lost money over the past year are 7.3% 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 99.3% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FDMO chart, FDMO performance, FDMO holdings, FDMO dividends.
FDMO valuation FAQ
What is the P/E ratio of FDMO?
Based on its holdings, FDMO has a trailing P/E of 29.7 and a forward P/E of 19.7 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FDMO?
The trailing earnings yield is 3.37% (1 ÷ P/E) and the forward earnings yield 5.08%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FDMO more expensive than the S&P 500?
FDMO trades at 29.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.7 and 19.9.
What is the price-to-book ratio of FDMO?
The holdings of FDMO trade at 5.86 times book value, with a combined return on equity of 19.8%.
Which sector in FDMO has the highest P/E?
Healthcare has the highest P/E at 120.9 and Financial Services the lowest at 14.4.