Fidelity High Dividend ETF (FDVV) Valuation
FDVV valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 21.8 trailing earnings
- Forward P/E
- 16.7 analyst estimates
- Price / sales
- 2.35
- Price / book
- 3.47
- EV / EBITDA
- 15.4
- Earnings yield
- 4.59% inverse of P/E
- Dividend yield
- 2.72% of the holdings
- Return on equity
- 16.0% combined
- Net margin
- 10.8% combined
- Beta
- 0.99 weighted, vs S&P 500
FDVV valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FDVV | 21.8 | 16.7 | 2.35 | 3.47 | 2.72% | 16.0% | 10.8% | 2.8% |
| 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.
FDVV valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 30.3% | 28.1 | 22.8 | 4.06 | 6.24 | 0.97% | 22.2% |
| Financial Services | 17.7% | 12.3 | 11.5 | 2.11 | 1.74 | 3.15% | 14.2% |
| Consumer Cyclical | 12.7% | 38.9 | 16.4 | 0.93 | 6.95 | 3.52% | 17.9% |
| Consumer Defensive | 11.6% | 41.6 | 16.7 | 3.28 | 4.26 | 3.97% | 10.2% |
| Utilities | 8.3% | 12.5 | 12.5 | 1.91 | 1.79 | 3.99% | 14.3% |
| Real Estate | 8.2% | 20.3 | 19.6 | 8.20 | 2.63 | 5.39% | 13.0% |
| Healthcare | 3.6% | 30.4 | 15.0 | 2.40 | 5.34 | 2.29% | 17.6% |
| Communication Services | 3.3% | 17.7 | 17.9 | 4.10 | 4.39 | 0.96% | 24.8% |
| Industrials | 2.6% | 21.6 | 18.7 | 2.26 | 5.98 | 2.21% | 27.7% |
FDVV 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 FDVV weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FDVV largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 7.08% | 39.4 | 35.2 | 10.7 | 0.31% | 4.23% |
| NVDA | NVIDIA Corporation | 6.81% | 27.1 | 24.9 | 17.1 | 0.47% | 5.92% |
| MSFT | Microsoft Corporation | 5.30% | 29.5 | 25.1 | 11.8 | 0.74% | 4.23% |
| DELL | Dell Technologies Inc. | 3.16% | 26.3 | 21.3 | 1.9 | 0.56% | 2.83% |
| JPM | JPMorgan Chase & Co. | 2.74% | 14.2 | 13.5 | 4.7 | 1.94% | 4.52% |
| AVGO | Broadcom Inc. | 2.68% | 43.3 | 19.4 | 17.6 | 0.79% | 1.46% |
| KO | The Coca-Cola Company | 2.20% | 28.2 | 25.3 | 8.1 | 2.26% | 1.84% |
| PG | The Procter & Gamble Company | 2.00% | 24.1 | 21.2 | 4.3 | 2.73% | 1.96% |
| BBY | Best Buy Co., Inc. | 1.98% | 15.4 | 13.6 | 0.5 | 4.15% | 3.03% |
| PM | Philip Morris International Inc. | 1.87% | 29.5 | 20.9 | 7.5 | 3.12% | 1.49% |
| GOOGL | Alphabet Inc. | 1.82% | 17.1 | 22.8 | 9.3 | 0.26% | 2.51% |
| MO | Altria Group, Inc. | 1.74% | 15.8 | 11.9 | 6.1 | 5.91% | 2.59% |
| HD | The Home Depot, Inc. | 1.67% | 21.5 | 19.8 | 1.8 | 3.01% | 1.82% |
| BAC | Bank of America Corporation | 1.58% | 12.2 | 10.8 | 3.1 | 2.50% | 3.04% |
| GS | The Goldman Sachs Group, Inc. | 1.58% | 12.7 | 12.8 | 3.6 | 2.27% | 2.93% |
| WFC | Wells Fargo & Company | 1.55% | 11.8 | 10.2 | 3.0 | 2.38% | 3.08% |
| TJX | The TJX Companies, Inc. | 1.53% | 27.3 | 24.9 | 2.6 | 1.30% | 1.31% |
| SBUX | Starbucks Corporation | 1.51% | 56.4 | 30.9 | 2.9 | 2.58% | 0.63% |
| MTN | Vail Resorts, Inc. | 1.51% | 36.9 | 21.9 | 1.9 | 5.88% | 0.96% |
| PRU | Prudential Financial, Inc. | 1.43% | 10.5 | 9.8 | 0.6 | 4.83% | 3.19% |
| HPQ | HP Inc. | 1.41% | 11.5 | 9.9 | 0.5 | 4.00% | 2.89% |
| MPI0 | BCA MONTE D.PASCHI D.SIE. | 1.35% | — | — | — | — | — |
| USB | U.S. Bancorp | 1.35% | 11.4 | 10.4 | 3.3 | 3.68% | 2.78% |
| KHC | The Kraft Heinz Company | 1.34% | — | 11.1 | 1.1 | 6.76% | −3.83% |
| PEP | PepsiCo, Inc. | 1.32% | 16.5 | 14.9 | 1.8 | 4.50% | 1.88% |
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 FDVV valuation
Adding up its 81 holdings with company data, FDVV trades at 21.8 times trailing earnings and 16.7 times analysts' forward estimates, with a price-to-book ratio of 3.47 and a dividend yield of 2.72%. Its earnings yield of 4.59% is 0.74 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 35.8% of the fund and earn 31.5% of its combined profit. By sector, Consumer Defensive is the most expensive at 41.6 times earnings and Financial Services the cheapest at 12.3. Companies that lost money over the past year are 2.8% 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 92.7% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FDVV chart, FDVV performance, FDVV holdings, FDVV dividends.
FDVV valuation FAQ
What is the P/E ratio of FDVV?
Based on its holdings, FDVV has a trailing P/E of 21.8 and a forward P/E of 16.7 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FDVV?
The trailing earnings yield is 4.59% (1 ÷ P/E) and the forward earnings yield 5.99%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FDVV more expensive than the S&P 500?
FDVV trades at 21.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 16.7 and 19.9.
What is the price-to-book ratio of FDVV?
The holdings of FDVV trade at 3.47 times book value, with a combined return on equity of 16.0%.
Which sector in FDVV has the highest P/E?
Consumer Defensive has the highest P/E at 41.6 and Financial Services the lowest at 12.3.