Founder-Led ETF (FDRS) Valuation
FDRS valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 59.7 trailing earnings
- Forward P/E
- 27.4 analyst estimates
- Price / sales
- 7.76
- Price / book
- 7.41
- EV / EBITDA
- 28.9
- Earnings yield
- 1.67% inverse of P/E
- Dividend yield
- 0.46% of the holdings
- Return on equity
- 12.4% combined
- Net margin
- 13.0% combined
- Beta
- 1.67 weighted, vs S&P 500
FDRS valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FDRS | 59.7 | 27.4 | 7.76 | 7.41 | 0.46% | 12.4% | 13.0% | 9.3% |
| 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.
FDRS valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 52.2% | 124.5 | 31.6 | 9.61 | 11.65 | 0.29% | 9.4% |
| Financial Services | 14.0% | 24.3 | 15.0 | 5.01 | 2.76 | 1.87% | 11.4% |
| Consumer Cyclical | 12.6% | 142.5 | 71.4 | 6.53 | 13.97 | 0.00% | 9.8% |
| Communication Services | 11.6% | 28.6 | 22.0 | 8.27 | 8.58 | 0.24% | 30.0% |
| Industrials | 5.1% | 247.1 | 54.7 | 13.58 | 11.50 | 0.15% | 4.7% |
| Healthcare | 3.3% | 23.5 | 17.3 | 6.71 | 3.21 | 0.27% | 13.7% |
| Basic Materials | 0.7% | 21.8 | 10.0 | 1.68 | 3.57 | 0.88% | 16.4% |
FDRS 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 FDRS weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FDRS largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| TSLA | Tesla, Inc. | 8.74% | 328.4 | 158.7 | 13.5 | — | 1.61% |
| META | Meta Platforms, Inc. | 8.69% | 26.7 | 22.1 | 7.9 | 0.30% | 19.66% |
| NVDA | NVIDIA Corporation | 8.07% | 27.1 | 24.9 | 17.1 | 0.47% | 18.02% |
| PLTR | Palantir Technologies Inc. | 8.02% | 160.4 | 85.5 | 72.6 | — | 3.02% |
| CRWD | CrowdStrike Holdings, Inc. | 4.50% | — | 208.3 | 43.1 | — | 0.07% |
| ORCL | Oracle Corporation | 3.87% | 20.1 | 17.8 | 5.4 | 1.56% | 11.65% |
| CRM | Salesforce, Inc. | 3.81% | 22.0 | 14.0 | 4.5 | 0.73% | 10.47% |
| SHOP | Shopify Inc. | 3.66% | 114.5 | 58.8 | 16.6 | — | 1.93% |
| BLK | BlackRock, Inc. | 3.46% | 25.8 | 16.4 | 6.5 | 2.02% | 8.11% |
| ANET | Arista Networks, Inc. | 3.23% | 55.8 | 39.2 | 21.2 | — | 3.50% |
| DELL | Dell Technologies Inc. | 2.81% | 26.3 | 21.3 | 1.9 | 0.56% | 6.47% |
| COF | Capital One Financial Corporation | 2.43% | 13.0 | 8.5 | 2.6 | 1.59% | 11.35% |
| FTNT | Fortinet, Inc. | 2.10% | 59.8 | 45.0 | 16.5 | — | 2.12% |
| SNOW | Snowflake Inc. | 1.91% | — | 169.5 | 19.9 | — | −1.20% |
| SPCX | Space Exploration Technologies Corp. | 1.89% | — | 200.0 | 83.5 | — | −0.50% |
| NET | Cloudflare, Inc. | 1.88% | — | 178.6 | 42.0 | — | −0.20% |
| REGN | Regeneron Pharmaceuticals, Inc. | 1.88% | 19.6 | 14.5 | 5.2 | 0.48% | 5.81% |
| ICE | Intercontinental Exchange, Inc. | 1.72% | 22.8 | 18.1 | 8.6 | 1.29% | 4.58% |
| BX | Blackstone Inc. | 1.70% | 23.9 | 15.9 | 8.2 | 4.91% | 4.30% |
| DDOG | Datadog, Inc. | 1.59% | 494.2 | 84.7 | 22.4 | — | 0.19% |
| ABNB | Airbnb, Inc. | 1.42% | 39.6 | 25.4 | 7.9 | — | 2.17% |
| MPWR | Monolithic Power Systems, Inc. | 1.37% | 73.7 | 38.8 | 18.2 | 0.66% | 1.13% |
| HOOD | Robinhood Markets, Inc. | 1.35% | 43.6 | 45.0 | 18.0 | — | 1.87% |
| APP | AppLovin Corporation | 1.34% | 20.5 | 15.4 | 13.1 | — | 3.97% |
| DASH | DoorDash, Inc. | 1.34% | 99.6 | 38.0 | 5.2 | — | 0.81% |
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 FDRS valuation
Adding up its 48 holdings with company data, FDRS trades at 59.7 times trailing earnings and 27.4 times analysts' forward estimates, with a price-to-book ratio of 7.41 and a dividend yield of 0.46%. Its earnings yield of 1.67% is 3.65 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 56.1% of the fund and earn 78.0% of its combined profit. By sector, Industrials is the most expensive at 247.1 times earnings and Basic Materials the cheapest at 21.8. Companies that lost money over the past year are 9.3% 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 99.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FDRS chart, FDRS holdings.
FDRS valuation FAQ
What is the P/E ratio of FDRS?
Based on its holdings, FDRS has a trailing P/E of 59.7 and a forward P/E of 27.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FDRS?
The trailing earnings yield is 1.67% (1 ÷ P/E) and the forward earnings yield 3.65%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FDRS more expensive than the S&P 500?
FDRS trades at 59.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 27.4 and 19.9.
What is the price-to-book ratio of FDRS?
The holdings of FDRS trade at 7.41 times book value, with a combined return on equity of 12.4%.
Which sector in FDRS has the highest P/E?
Industrials has the highest P/E at 247.1 and Basic Materials the lowest at 21.8.