Fidelity Disruptive Technology ETF (FDTX) Valuation
FDTX valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 40.4 trailing earnings
- Forward P/E
- 31.4 analyst estimates
- Price / sales
- 4.03
- Price / book
- 9.94
- EV / EBITDA
- 30.5
- Earnings yield
- 2.48% inverse of P/E
- Dividend yield
- 0.26% of the holdings
- Return on equity
- 24.6% combined
- Net margin
- 10.0% combined
- Beta
- 1.63 weighted, vs S&P 500
FDTX valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FDTX | 40.4 | 31.4 | 4.03 | 9.94 | 0.26% | 24.6% | 10.0% | 4.7% |
| 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.
FDTX valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 84.2% | 46.5 | 33.0 | 3.79 | 11.39 | 0.28% | 24.5% |
| Communication Services | 8.4% | 21.3 | 22.0 | 7.31 | 6.00 | 0.23% | 28.2% |
| Consumer Cyclical | 5.8% | 25.0 | 27.2 | 4.08 | 5.61 | 0.00% | 22.4% |
| Industrials | 1.3% | n/m | 200.0 | 83.53 | 15.37 | 0.00% | −6.8% |
FDTX 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 FDTX weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FDTX largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| TSM | Taiwan Semiconductor Manufacturing Company Limited | 6.14% | 26.7 | 21.4 | 0.4 | 0.91% | 10.17% |
| PLTR | Palantir Technologies Inc. | 6.14% | 160.4 | 85.5 | 72.6 | — | 1.69% |
| SHOP | Shopify Inc. | 5.01% | 114.5 | 58.8 | 16.6 | — | 1.94% |
| MRVL | Marvell Technology, Inc. | 4.66% | 72.3 | 62.1 | 21.7 | 0.11% | 2.86% |
| PANW | Palo Alto Networks, Inc. | 4.55% | 855.0 | 94.3 | 24.4 | — | 0.24% |
| MSFT | Microsoft Corporation | 4.49% | 29.5 | 25.1 | 11.8 | 0.74% | 6.75% |
| DDOG | Datadog, Inc. | 4.45% | 494.2 | 84.7 | 22.4 | — | 0.40% |
| NVDA | NVIDIA Corporation | 4.43% | 27.1 | 24.9 | 17.1 | 0.47% | 7.24% |
| AMD | Advanced Micro Devices, Inc. | 4.12% | 134.9 | 39.5 | 20.9 | — | 1.35% |
| TWLO | Twilio Inc | 4.01% | 33.8 | 43.7 | 6.7 | — | 5.25% |
| META | Meta Platforms, Inc. | 3.87% | 26.7 | 22.1 | 7.9 | 0.30% | 6.41% |
| AMZN | Amazon.com, Inc. | 3.71% | 20.1 | 23.6 | 3.5 | — | 8.16% |
| 2454 | MediaTek Inc | 3.52% | — | — | — | — | — |
| GOOG | Alphabet Inc. | 3.03% | 16.9 | 21.8 | 9.2 | 0.26% | 7.93% |
| STX | Seagate Technology Holdings plc | 2.87% | 46.0 | 25.7 | 11.9 | 0.46% | 2.76% |
| ADI | Analog Devices, Inc. | 2.64% | 47.0 | 23.2 | 13.8 | 1.11% | 2.49% |
| WDC | Western Digital Corporation | 2.64% | 12.3 | 22.8 | 9.6 | 0.18% | 9.47% |
| NET | Cloudflare, Inc. | 2.48% | — | 178.6 | 42.0 | — | −0.19% |
| SNPS | Synopsys, Inc. | 2.22% | 80.3 | 23.3 | 9.3 | — | 1.22% |
| MU | Micron Technology, Inc. | 2.20% | 11.8 | 7.0 | 7.5 | 0.07% | 8.24% |
| GLBE | Global-e Online Ltd. | 2.09% | 44.1 | 37.3 | 5.9 | — | 2.09% |
| ANET | Arista Networks, Inc. | 1.85% | 55.8 | 39.2 | 21.2 | — | 1.47% |
| 6857 | Advantest Corp. | 1.84% | — | — | — | — | — |
| COHR | Coherent, Inc. | 1.69% | 56.5 | 30.5 | 6.4 | — | 1.32% |
| CRWD | CrowdStrike Holdings, Inc. | 1.64% | — | 208.3 | 43.1 | — | 0.02% |
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 FDTX valuation
Adding up its 32 holdings with company data, FDTX trades at 40.4 times trailing earnings and 31.4 times analysts' forward estimates, with a price-to-book ratio of 9.94 and a dividend yield of 0.26%. Its earnings yield of 2.48% is 2.85 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 48.0% of the fund and earn 37.9% of its combined profit. By sector, Technology is the most expensive at 46.5 times earnings and Communication Services the cheapest at 21.3. Companies that lost money over the past year are 4.7% 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 91.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FDTX chart, FDTX performance, FDTX holdings.
FDTX valuation FAQ
What is the P/E ratio of FDTX?
Based on its holdings, FDTX has a trailing P/E of 40.4 and a forward P/E of 31.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FDTX?
The trailing earnings yield is 2.48% (1 ÷ P/E) and the forward earnings yield 3.18%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FDTX more expensive than the S&P 500?
FDTX trades at 40.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 31.4 and 19.9.
What is the price-to-book ratio of FDTX?
The holdings of FDTX trade at 9.94 times book value, with a combined return on equity of 24.6%.
Which sector in FDTX has the highest P/E?
Technology has the highest P/E at 46.5 and Communication Services the lowest at 21.3.