Federated Hermes U.S. Strategic Dividend ETF (FDV) Valuation
FDV valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 19.2 trailing earnings
- Forward P/E
- 14.5 analyst estimates
- Price / sales
- 2.32
- Price / book
- 2.72
- EV / EBITDA
- 12.2
- Earnings yield
- 5.20% inverse of P/E
- Dividend yield
- 3.57% of the holdings
- Return on equity
- 14.1% combined
- Net margin
- 12.1% combined
- Beta
- 0.62 weighted, vs S&P 500
FDV valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FDV | 19.2 | 14.5 | 2.32 | 2.72 | 3.57% | 14.1% | 12.1% | 0.0% |
| 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.
FDV valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Utilities | 16.4% | 21.4 | 16.7 | 2.78 | 2.14 | 3.35% | 10.0% |
| Consumer Defensive | 14.1% | 18.7 | 16.7 | 1.77 | 6.29 | 3.63% | 33.6% |
| Healthcare | 13.8% | 29.8 | 14.3 | 4.14 | 4.30 | 3.06% | 14.4% |
| Financial Services | 12.6% | 13.0 | 11.5 | 4.01 | 1.62 | 3.42% | 12.5% |
| Technology | 10.4% | 18.0 | 12.1 | 1.99 | 3.00 | 3.70% | 16.6% |
| Energy | 8.6% | 17.8 | 13.0 | 2.40 | 2.28 | 2.71% | 12.8% |
| Consumer Cyclical | 8.5% | 18.4 | 13.8 | 1.03 | 3.72 | 4.04% | 20.2% |
| Real Estate | 8.5% | 25.1 | 25.2 | 8.60 | 2.29 | 4.48% | 9.1% |
| Industrials | 4.3% | 23.2 | 20.3 | 2.20 | 4.56 | 3.70% | 19.6% |
| Communication Services | 1.7% | 12.6 | 9.3 | 1.44 | 2.07 | 5.49% | 16.4% |
| Basic Materials | 1.3% | 16.3 | 9.2 | 0.80 | 1.25 | 5.39% | 7.7% |
FDV 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 FDV weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FDV largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| PAYX | Paychex, Inc. | 4.35% | 22.1 | 17.5 | 6.0 | 4.26% | 3.77% |
| PNC | The PNC Financial Services Group, Inc. | 3.63% | 11.6 | 10.7 | 3.5 | 3.68% | 6.02% |
| USB | U.S. Bancorp | 3.49% | 11.4 | 10.4 | 3.3 | 3.68% | 5.86% |
| CVX | Chevron Corporation | 3.36% | 21.2 | 15.2 | 2.1 | 3.16% | 3.04% |
| PEP | PepsiCo, Inc. | 3.18% | 16.5 | 14.9 | 1.8 | 4.50% | 3.69% |
| WEC | WEC Energy Group, Inc. | 3.07% | 21.1 | 16.9 | 3.5 | 3.50% | 2.79% |
| AMGN | Amgen Inc. | 3.05% | 26.9 | 16.7 | 6.1 | 2.33% | 2.18% |
| ABBV | AbbVie Inc. | 2.73% | 80.6 | 16.4 | 7.8 | 2.42% | 0.65% |
| WSO | Watsco, Inc. | 2.53% | 25.4 | 21.3 | 1.7 | 4.46% | 1.92% |
| PPL | PPL Corporation | 2.50% | 20.8 | 15.4 | 2.8 | 3.24% | 2.31% |
| CME | CME Group Inc. | 2.45% | 24.9 | 21.9 | 15.6 | 1.77% | 1.89% |
| MDT | Medtronic plc | 2.44% | 23.3 | 14.9 | 3.2 | 3.04% | 2.01% |
| DRI | Darden Restaurants, Inc. | 2.42% | 21.0 | 18.9 | 1.8 | 3.00% | 2.21% |
| DOX | Amdocs Limited | 2.40% | 14.3 | 7.1 | 1.3 | 3.79% | 3.23% |
| PLD | Prologis, Inc. | 2.39% | 27.7 | 29.2 | 12.4 | 3.40% | 1.66% |
| AMCR | Amcor plc | 2.35% | 18.4 | 10.6 | 0.9 | 5.93% | 2.45% |
| PM | Philip Morris International Inc. | 2.32% | 29.5 | 20.9 | 7.5 | 3.12% | 1.51% |
| RF | Regions Financial Corporation | 2.31% | 11.2 | 9.4 | 3.2 | 4.39% | 3.95% |
| KIM | Kimco Realty Corporation | 2.24% | 27.0 | 27.5 | 7.0 | 4.89% | 1.60% |
| ABT | Abbott Laboratories | 2.23% | 33.8 | 17.1 | 3.9 | 2.40% | 1.27% |
| EOG | EOG Resources, Inc. | 2.23% | 12.3 | 10.1 | 3.1 | 2.58% | 3.47% |
| PFE | Pfizer Inc. | 2.17% | 38.9 | 9.7 | 2.6 | 5.81% | 1.07% |
| NEE | NextEra Energy, Inc. | 2.14% | 17.9 | 17.7 | 5.8 | 3.12% | 2.29% |
| DTE | DTE Energy Company | 2.01% | 20.6 | 15.6 | 1.6 | 3.59% | 1.87% |
| FE | FirstEnergy Corp. | 1.99% | 24.6 | 14.7 | 1.7 | 4.03% | 1.55% |
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 FDV valuation
Adding up its 52 holdings with company data, FDV trades at 19.2 times trailing earnings and 14.5 times analysts' forward estimates, with a price-to-book ratio of 2.72 and a dividend yield of 3.57%. Its earnings yield of 5.20% is 0.13 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 31.9% of the fund and earn 32.2% of its combined profit. By sector, Healthcare is the most expensive at 29.8 times earnings and Communication Services the cheapest at 12.6. Companies that lost money over the past year are 0.0% 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 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FDV chart, FDV performance, FDV holdings, FDV dividends.
FDV valuation FAQ
What is the P/E ratio of FDV?
Based on its holdings, FDV has a trailing P/E of 19.2 and a forward P/E of 14.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FDV?
The trailing earnings yield is 5.20% (1 ÷ P/E) and the forward earnings yield 6.88%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FDV more expensive than the S&P 500?
FDV trades at 19.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 14.5 and 19.9.
What is the price-to-book ratio of FDV?
The holdings of FDV trade at 2.72 times book value, with a combined return on equity of 14.1%.
Which sector in FDV has the highest P/E?
Healthcare has the highest P/E at 29.8 and Communication Services the lowest at 12.6.